easyMarkets
Overall Rating:★ ★ ★ ★ ★ (4.7 / 5)
Introduction★ ★ ★ ★ ★ (5/5)
Licensing & Regulation★ ★ ★ ★ (4/5)
Mobile Trading★ ★ ★ ★ ★ (5/5)
Brand & Functionality★ ★ ★ ★ (4/5)
Registration Process★ ★ ★ ★ ★ (5/5)
Depositing Process★ ★ ★ ★ ★ (5/5)
Product Offering★ ★ ★ ★ ★ (5/5)
Trade Execution★ ★ ★ ★ (4/5)
Banking★ ★ ★ ★ ★ (5/5)
Customer Support★ ★ ★ ★ ★ (5/5)
Trading Tools★ ★ ★ ★ ★ (5/5)

Broker Information

User Rating
easyMarkets
5 (100%) 1 vote[s]
Leverage
Instruments
Platforms
Account Types
Account Currency
Commissions
Founded
Customer Support
Min Funding
  • easyMarkets
  • easyMarkets
  • easyMarkets

Introduction

★ ★ ★ ★ ★

Easy Forex trading Limited, previously traded as Easy-Forex before the Cyprus-based company started trading as easyMarkets. Established in 2003, easyMarkets serves clients in more than 160 different countries and provide trading of more than 175 products including metals, CFDs, commodities, indices, bitcoin and metals.

easyMarkets have reached several achievements and enjoyed many milestones since 2001, starting CC payment for trading, negative balance protection, and guaranteed stop loss introduced to the forex industry, and in the same year, Easy-Forex web-based trading platform was launched. The company obtained an ASIC license in 2003 and by 2005 introduced online traders to a unique tool called freeze rate, while also officially launching a partner program. A VIP trading desk was introducing as part of the 5th anniversary celebration and in 2007 easyMarkets obtained a CySEC licensed and launched the Trader Education Centre.

In 2008 the company received a Smartinvestor Blue Ribbon Award and in 2009 it launched first sentiment tool called the Inside viewer, due to massive success 2010 marked the addition of the MT4 Trading platform while LinkedIn, YouTube, Twitter and Facebook were added and again the company was awarded a Smartinvestor Blue Ribbon Award. Its 10th anniversary in 2011 also included the addition of the full trading app for iPhone and by 2012 easyMarkets added global indices such as DAX, FTSE, NASDAQ and USTech, while new marketing offices opened in Shanghai.

It took until 2013 before full sites were added for all tablets and smartphone, Vanilla trading options were added, and the company won multiple awards for its Best Customer Services Provided. 2014 and 2015 are both busy years for easyMarkets who became sponsors of the National Rugby League the Canterbury-Bankstown Bulldogs, launched the Win 1 Million trading competitions and added commodities such as gas, heating, WTI and Brent oil, while also making it official that traders from around the globe could trade on more than 322 market currencies, vanilla options, agricultural commodities, indices, metal and energy. The re-branding to easyMarkets was part of the 15th anniversary celebrations, which also included a new platform and website, and adding several tools while awards received included the SlotyLaurKonsumenta and the Best Platform in the UK award.

More awards followed in 2017, which included Best Transparent Broker, Best Trading Platform, Best Forex Service Provider and Best Trusted by Investors. Ethereum and Ripple trading enhances the variety of cryptocurrency trading in 2018 and easyMarkets won several other awards while it also launched easyTrade and its brand-new innovative trading ticket option.

Licensing & Regulation

★ ★ ★ ★

Regulated by both CySEC and ASIC, easyMarkets offers its clients protection on negative balances and all funds are kept in segregated accounts. The easyMarkets Group of Companies do not offer services to residents in restricted regions such as Iran, Israel, the United States of America, North Korea, Equatorial Guinea, Yemen, Guinea Bissau, Angola, Turkmenistan, British Columbia, Ontario, Iraq, Sudan, Somalia, South Sudan, Manitoba, Syria, Afghanistan, Venezuela, and Libya.

Mobile Trading

★ ★ ★ ★ ★

For most traders it is much more convenient to trade on mobile than it is on desktop, especially since the easyMarkets apps offers analysis, currency comparisons, provide price quotes and research. The apps make it easy to trade whether traders are at home, at the office or travelling. A new trading app for mobile phones was launched by easyMarkets in April 2017, which ensured all traders had access to fast and easy trading via the fluid and seamless trading offered via the apps for oil, currencies, metals, indices and commodities.

The trading app offers a huge range of features including funding and withdrawing, market news, a financial calendar, market explorer, real-time graphs, inside viewer, deal cancellation, price notification as well as excellent trading conditions. The easyMarkets app is available free of charge for iOS users to download from the App Store, while Android users can get the free app from Google Play.

Brand & Functionality

★ ★ ★ ★

easyMarkets has one goal, and that is to keep international traders safe in the volatile online trading conditions. What makes easyMarkets great for both experienced and new traders is how easy and simple the layout of the website is, while the company strictly adheres to the rules and regulations of ASIC in the Asian Pacific region and CySEC in Europe. Traders can focus on the more important aspects of online trading, knowing they can feel safe in a private, regulated and most transparent online environment.

Registration Process

★ ★ ★ ★ ★

easyMarket understands traders and how varied the needs are of every trader and therefore offers several different options when it comes to registration. Anyone registering for the first time with the company can select between the demo account, standard account of the VIP account. The VIP and standard account are distinguished via the amount the client deposits, both the accounts offer access to the services of a dedicated accounts manager, education on forex trading basics as well as the introduction to fundamental analysis and technical reports.

By registering a standard account, the minimum deposit required is USD100, although it offers new clients a complete tour of the platforms, technical analysis, as well as basic trading education. Die demo account is perfect for anyone who wishes to learn more about trading, while this account remains active for as long as you have a live account, and should you need more time to experience before registering a standard account, prolonged services in access of the first ten days can be arranged via customer services.

Individuals registering a VIP account have access to express withdrawals, higher leverage, 24/7 chat and phone support, SMS updates and on-call analyst. The minimum deposit required by the VIP account is $2,500, although it is the best option for professional or highly experienced traders.

Depositing Process

★ ★ ★ ★ ★

Funding your account at easyMarkets is surprisingly easy since all the major and most trustworthy methods are available including debit and credit cards such as JCB, American Express, Maestro, Visa and MasterCard and all fund deposited are available immediately.

Online banking options include Sofort available to traders residing in the UK, Netherlands, Belgium, Austria and Germany, Giropay is available to traders in Germany and traders in the Netherlands can also use iDEAL. WebMoney is available to all traders, funds take a day to clear, eWallet transfers are instant and options include Skrill and Neteller, while individuals in Indonesia can use Fasapay and UnionPay is exclusive for individuals in China.

Product Offering

★ ★ ★ ★ ★

easyMarkets offers an incredible range of trading products including currencies, commodities, metals, indices, and cryptocurrencies. Trading includes fixed spreads, which means traders know what they will need to pay and no matter what takes place during any trade, the balance of client’s accounts never drops below zero due to the negative balance protection offered by easyMarkets. As a client, you can also cancel a losing trade within the time period indicated for a small deal cancellation fee. One of the great features is the free stop loss enabling traders to set low prices with which they are most comfortable and activating the stop-loss, which is one of the greatest risk management tools available.

The products offered by easyMarkets include trade metals such as copper, palladium, silver, gold and platinum. Daily commodities include sugar, corn, oil, coffee and gas. These are extremely active assets influenced by several factors. Cryptocurrency trading at easyMarkets includes ripple, Ethereum and Bitcoin, which are all part of the cryptocurrency trading platforms that have changed the face of international finance.

Trade Execution

★ ★ ★ ★

Instruments available on easyTrade include USD/CHF, GBP/USD, XAU/USD, EUR/USD, BTC/USD, SPI/USD, AUD/USD, USD/JPY, USD/CAD, OIL/USD, DAX/EUR and ASX/AU.

Banking

★ ★ ★ ★ ★

Withdrawals are processed via the same payment method used for funding the account, which includes debit and credit cards such as American Express, MasterCard, Maestro and Visa, while online banking includes APAC, WebMoney, Giropay, Local Bank Transfer and iDEAL. Other banking options include Fasapay, Skrill and Neteller. Funds from withdrawals are processed within 24 hours and depending on the bank’s processing can take three up to ten days before it reflects in client’s accounts.

Customer Support

★ ★ ★ ★ ★

Customer support is offered via several options including email, in-person, live chat, Viber and Facebook Messenger. Member support is offered in Polish, French, Hebrew, Spanish, Russian, Greek, German, Arabic, English and Chinese 24 hours a day all five days of the week.

Trading Tools

★ ★ ★ ★ ★

There are quite a number of unique features offered only to VIP account holders including loyalty rebates, free trading signals, express withdrawals, SMS alerts and free breaking news announcements as well as a personal market analyst. The selection of tools in place to keep members informed at all times include notifications offering up to the minute price movements, while traders can monitor percentage changes, rates on their selected markets. The inside viewer launched in 2009 offers traders all the information needed regarding trade movements in displaying buying and selling in percentages. Other tools that keep traders informed are the financial calendar as well as trading charts.