easyMarkets Forex Broker Broker Review

Justin Freeman

Broker Information

  • Company Name: EasyMarkets Inc
  • Founded: 2001
  • Country: Cyprus

Platform Info

  • Platform: MT4, Web platform and EasyMarkets App on mobile
  • Dealing Desk: Yes
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: ASIC, CySEC
  • Minimum Deposit: $100
  • Leverage: 1:30
  • US Clients: No
  • Funding Methods: Credit/debit card, bank transfer, Neteller and Web Money, & Skrill
  • Pairs Offered: 136+

Expert’s Viewpoint

Originally founded in 2001 under the ‘easyForex’ brand, easyMarkets have re-established themselves under the new brand name to signal an expanded focus on much more than just forex. Since this transition in 2016, easyMarkets have grown from strength to strength, and their product offerings now span multiple markets and instrument types.

Just as the name suggests, easyMarkets were founded on a promise to make online trading and investment as easy and accessible as possible. As such, they put a lot of focus on catering to the novice and intermediate trader, just getting started on their trading journey.

Based on user feedback and industry reviews, this emphasis has clearly been paying off for easyMarkets, and easyMarkets have been praised for their simplicity, transparency, and the user-friendliness of the platform;

In terms of customer trust and safety, easyMarkets take their obligations as seriously as you would hope for a broker of this size. EasyMarkets are currently licensed to operate and regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as in Australia by the Australian Securities & Investment Commission (ASIC).

This ensures that users of the platform are afforded high levels of customer protection. Customer deposits are stored in segregated accounts in top-tier banks.

Users of the easyMarkets platform trade primarily through the proprietary easyMarkets trading platform, which is designed from the ground up by their designers. It is relatively simple to use, with a low learning curve, making it the ideal platform for novice traders. Some of the notable features include ‘dealCancellation’, ‘Inside Viewer’, and ‘Freeze Rate’.

These all help to simplify the trading process and put the power in the hands of the user. There is also an option to use the MetaTrader 4 platform instead of the easyMarkets Web Platform, which might suit more experienced traders.

Although originally just focusing on the forex markets, easyMarkets have been significantly expanding their market offerings since the name change. This now includes forex, precious metals, commodities, indices, shares, and, most recently, cryptocurrencies. Spreads are generally competitive, although not necessarily market-beating, and vary from between 1.8 to 3 pips depending on what account type you have open with them. For users just getting started trading, the minimum account deposit is quite low at just $100, meaning it is relatively easy to get started trading with them.

If you run into any problems whilst using the easyMarkets platform, a customer support team are on-hand to answer your questions and guide you through any issues you might be having. Members of the customer support team are contactable on a 24×5 basis via phone, live chat, or email. In addition, they also have a good research FAQ section of the website, which addresses the most common queries.

As a beginner-friendly platform, easyMarkets have also made a wide array of educational and learning resources available to help you sharpen your trading skills. Although aimed primarily at the novice and intermediate trader, there is ultimately something here to suit all skill levels. These resources include training articles, daily market commentary, trading charts, tools, and an economic events calendar.

If you want a well-rounded online trading platform that makes it easy for you to get started in the trading and investment world, easyMarkets is an ‘easy’ choice to make!

Have you heard of easyForex.com? Have you heard of easyMarkets.com? The latter name is actually the re-branded new look and feel of the former. After a successful ride of over sixteen years as a traditional retail forex trading broker, the firm decided to transition to the easyMarkets brand to signify that it was now much more than just forex. An industry leader and innovator, the broker opened its doors for business in 2001, but by 2013, over 100,000 active traders were using its platform and had amassed over $1.5 trillion plus in accumulated trading turnover in those initial twelve years. The firm has since broadened its product offering to include CFDs in commodities and indices, while adding forward forex contracts and vanilla options, two service offerings that you would be hard pressed to find at any other brokerage house in the retail forex trading space.

Trust Pilot Ratings

easyMarkets Platform Screenshot

This management team has already earned a reputation for simplicity and transparency, another reason that traders across the globe have jumped onboard. easyMarkets is licensed and regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license #079/07, and in Australia, by the Australian Securities & Investments Commission (ASIC) under number 246566. Regulatory compliance with two major agencies ensures client deposit safety and segregation in Top-Tiered banks and that order execution is quick and without slippage. There is one standard account process, but customer service assistants will also brief you on possible account upgrades that will provide access to enhanced spreads and support. The firm provides a broad array of currency pairings from major through exotic, and, when combined with CFDs and vanilla options, one can access over 200+ market instruments on a given day.
A portion of the firm’s success comes from its innovative proprietary trading platform that includes features that you will not find elsewhere. It is a “no nonsense”, web-based type system that keeps you focused on what you need to know to be successful. If you prefer to trade with what is familiar to you, then you can always opt for the Metatrader4 platform option of your choice, both desktop and mobile. Spreads are fixed and vary by account status and asset type. A VIP member can avail themselves of 1.8 pip spreads for most major pairs. A Standard account starts at 3 pips, with leverage up to 1:30. Free SMS signals and alerts and Negative Balance Protection are also here for the asking, as are promotions and contests. Lastly, customer service representatives are available “24X5” to assist you in every way, while the firm’s learning and support center is both comprehensive and designed to serve every level of trader. Unfortunately, U.S. customers are not accepted at this time.

Features

Why trade with easyMarkets.com? The firm lists these reasons:

  • Founded in 2001 as easyForex and headquartered in Limassol, Cyprus;
  • Additional branch offices in Sydney, with operating licenses in both Europe and Australia;
  • Regulated by both CySEC and ASIC;
  • Numerous industry awards (see the company’s timeline for details);
  • Client deposits segregated from operating capital in Top-Tier bank accounts;
  • 136 major, minor, and exotic forex pairs, including spot, forward, and vanilla options;
  • 200+ markets can be traded via forex, vanilla options, and CFD offerings;
  • Standard trading account may be upgraded to receive lower fixed spreads (spreads can vary from 1.8 to 3 pips based on account class);
  • Free Demo and Islamic accounts;
  • Minimum Deposit = $100;
  • Leverage can range by asset class up to as high as 1:30;
  • Metatrader4 trading platform or firm’s proprietary web-based platform;
  • Mobile applications supported;
  • Free Trading Signals and SMS alerts;
  • Negative Balance Protection, scalping, hedging, and Expert Advisors (EAs) are supported, as well;
  • Comprehensive learning center for every level of trader, supplemented by daily market commentary and advanced charting tools;
  • Customer service “24X5” via live chat, email, fax, phone, or direct contact through its global network of offices.
  • Risk Free Trades with DealCancellation*

*Terms and Conditions Apply

Spreads and Leverage

Spreads and leverage vary by account class and asset type. For forex pairings, spreads are fixed as low as 1.8 pips, if you have VIP status, or 3 pips, if you do not. Leverage will vary for CFDs and other instruments, but currency trading leverage can be as high as 1:30. Leverage on cryptocurrencies are set at 1:50 for clients outside of the EU.

Platform

The firm’s innovative proprietary trading platform is worth a look. It is totally web based, no tricky downloads necessary. It has been stripped down to the very basics, while still being augmented with unique features like “Inside Viewer”. The broker also supports the highly popular Metatrader4 product line, as well. You may employ your favorite “Expert Advisor” and enjoy swift execution without slippage or re-quotes. Mobile applications are also supported. Security and safety are assured by the company’s use of the latest in encryption technology protocols to protect both your trading activity data, as well as your personal identity information.

Deposits and Withdrawals

Deposits follow the familiar path of credit and debit cards or bank wires, but, if you prefer a local payment system to handle your money transfer needs, then the firm also supports other payment alternatives like Skrill, Neteller, WebMoney, and others. To ensure a smooth withdrawal process, be sure to keep your personal identity data, as required by international AML regulations, up to date and in order, as prescribed by the website.

Beginner’s and Customer Support

Customer service representatives are available “24X5” during market hours to answer your queries and to provide guidance and instruction. They can be accessed by live chat, email, fax, or phone. The firm’s learning center includes videos, ebooks, glossary, FAQs and training articles for all levels of expertise. Daily market commentary, trading charts and tools, and an economic event calendar round out the package.

easyMarkets Conclusion

Few brokerage firms have acquired as broad a level of global support, as has the group at easyMarkets, formerly easyForex.com. Firms do not rise to such stardom without providing stellar service and support for an economical price. Throw in regulatory compliance in two major markets from two major regulatory bodies, and you have an unbeatable combination for trading currencies, commodities, indices, and vanilla options. If you are looking for a leader in the industry that prides itself on simplicity, transparency, and customer loyalty, then easyMarkets might be the partner for you.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Justin Freeman

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