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easyMarkets Trading Review

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Basic Info

Company Name: Easy Forex Trading Limited
Founded: 2001
Country: Cyprus
Regulators: ASIC, MiFID, CySEC
Platforms: EasyMarkets App on mobile, MT4, Web platfor
Minimum Deposit: $100

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Funding Methods

Deposit Options: Bank transfer, credit card, Debit card, Neteller, Skrill, Web Money
Withdrawal Options: Bank transfer, Neteller, Skrill, Web Money

Hits and Misses

  • Web Based Platform
  • Many Payment Alternatives
  • 24/5 Customer Support
  • No U.S. Customers

easyMarkets

easyMarkets Background – Innovating Since 2001

easyMarkets started its operations 17 years ago in 2001. It was founded on the idea of democratizing trading. Headquarter of the broker is located in Cyprus and has three other offices in Sydney, Shanghai and Warsaw.

One of the higher values of the brokers is simplicity; they have tried to make the process of trading as simple as possible. easyMarkets is considered to be one of the first to offer online trading, their platform was developed to be as user-friendly as possible and ensure it is still powerful and versatile enough for experienced traders.

Honesty and transparency are also the highest values of easyMarkets. They never adjust their trading conditions in response to market volatility, and trading is never disabled during market volatility or important economic calendar events. Even during extreme events like the Swiss Franc peg removal, the Brexit referendum, the Trump electoral win or the insane moves of the cryptocurrencies.

Since its inception, easyMarkets continued innovating, they offer valuable trading tools and conditions such as free guaranteed stop loss, insideViewer, Freeze Rate and the innovative tool “dealCancellation”.

During the course of its work, easyMarkets obtained more than 36 international awards including Best Forex Customer Services Provider 2013, Excellent Trading Platform 2016 and Most Transparent Broker 2017.

easyMarkets Unique Features – Excellent Trading Tools from Time to Time

easyMarkets has distinguished itself strongly through its creative trading tools that are offered from time to time, one of the most important of these tools that is dealCancellation. By using the dealCancellation tool, the traders can cancel any losing trade within the first 60 minutes and recover all their losses.

The broker has a learning centre that provides traders with the most effective educational tools such as videos, webinars, Discover Series and professional e-book. These tools are displayed on the Learn Center in a simple and easy way. In addition, the educational tools support the clients at all levels of experience.

easyMarkets considers customer satisfaction as one of its top priorities. They offer many financial instruments to trade through high efficient trading platforms, where orders are executed immediately without slippage.

They also offer their clients a range of powerful technical and fundamental analyzes, which are provided by trading experts to help the clients to make the best trading decisions; these analyzes are provided through the broker’s blog. On the other hand, the easyMarkets’ website is simple, easy to handle and provides traders with all information they need.

The company has a strong board of directors and a team of managers, analysts and experts who have long experience of working in this field. These teams work continuously to improve work and follow-up requests and clients’ needs.

Trusted and Regulated

easyMarkets considers transparency as one of its main objectives so; it did all it could to provide a fair and transparent trading environment. For this purpose, they have obtained a number of licenses to conduct their business. In addition, it is subject to supervision and control by five different financial institutions, including:

  • The Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd – CySEC, License Number 079/07)
  • Polish Financial Supervision Authority (KNF) legislation
  • Australian Securities and Investments Commission (ASIC)

Reliability and Safety

The broker adheres to strict safety standards in order to protect clients’ funds and to create a safe trading environment. All clients funds deposited with easyMarkets are fully segregated from the company’s own funds and are kept in separate bank accounts. This ensures that funds belonging to clients cannot be used for any other purpose.

They maintain sufficient liquid capital to cover all client deposits, potential fluctuations in the company’s currency positions and outstanding expenses. In addition to that, easyMarkets regularly identify, assess, monitor and control each type of risk associated with its operations.

Withdrawals and Deposits – Easy, Safe and Fast

In order to provide a complete comfort to clients taking into account the individual differences among traders, easyMarkets offers its clients multiple ways to deposit and withdraw funds including bank transfer, credit, debit, online cards and a selection of eWallets.

easyMarkets does not take any commission on withdrawals and deposits, and it accepts small deposits where the minimum is $100. Most withdrawals and deposits are made immediately or within 24 hours, with the exception of bank transfers that take three to five business days.

To make the process of deposit and withdrawal more secure, the broker imposes customers to withdraw money through the same method of deposit.

More Than 200 Financial Instruments to Trade

Through its platforms, easyMarkets allows traders to trade more than 200 different financial instruments, including more than 50 pairs of major and minor currency pairs, with a leverage up to 1:400 and fixed spreads starting from 1.8 pips.

The broker also allows its clients to trade in stocks, indices, futures and spot metals with competitive spreads. Recently, it has listed many of the most popular cryptocurrencies to trade through its platforms, including Bitcoin, Ethereum and Ripple.
Apart from the experimental accounts, the company offers its customers four other types of accounts Standard, Premium, VIP and Super VIP. Each of these accounts is distinguished from the other in terms of leverage, minimum deposit and withdrawal, and customer support.

easyMarkets offers exclusive advantages for “VIP” account, including trading via telephone when the traders do not have internet access, the tightest fixed spreads, a full suite of real-time technical analysis tools and access to a personal VIP market analyst. The broker offers these accounts for traders with amounts of money that reach $2500 or more.

Outstanding Customers Support

easyMarkets provides 24-hour customer support for 5 days a week in 4 different languages ​​to serve clients of different languages ​​and nationalities. They use many ways in customer support services including live chat, email communication, phone calls, Facebook Messenger and Viber.

They maintain the privacy of customer data. For this purpose, the website is encrypted with the best encryption systems. They also do not provide clients’ data to any third party without their permission.

In order to achieve clients’ satisfaction, the broker offers them promotional offers continuously, for example, easyMarkets offers 50% or up to a $2000 as a promotional offer when opening a trading account based on the deposited amount.

Trading Software – Great Trading Conditions

easyMarkets offers multiple platforms to trade; this offers clients a high level of choice. The broker uses the most popular trading platforms (MT4). By using MT4, easyMarkets clients have access to Negative Balance Protection, Trading Central news and analysis, and free guaranteed stop loss and take profit. MT4 is available on Windows, Mac, mobile devices and tablets.

The broker also offers easyMarkets Web Platform that gives traders more choice when trading and full access to dealCancellation, Freeze Rate and Free Guaranteed Stop Loss and Take Profit. In addition to that, it offers them a high-quality Analytical Tools.

Mobile Trading – Intuitive and Powerful

easyMarkets designed the easyMarkets app. This trading platform is easy to use and offers many advantages including:

  • Open and close positions in addition to monitoring the trading account in real time
  • Analytical tools: such as technical indicators and charts
  • dealCancellation and economic calendar
  • Price notification: the traders receive alerts about their instruments and open positions even when they are not on the platform

Other Services

As we mentioned, the broker offers its clients many of trading tools that distinguish it from others. These tools including dealCancellation, freeze rate and Inside Viewer.

In addition to what we mentioned about dealCancellation, this tool gives traders the opportunity to trade big events. During significant events, some brokers increase margins or completely disable trading. easyMarkets does not; it gives the traders the dealCancellation tool to help them trade big economic calendar events confidently.

Freeze Rate is a unique tool easyMarkets offers which allows the traders to freeze the price they see. This gives them a buffer of a few seconds to perform their trade. These few seconds can make a significant difference in a market as volatile as Forex or cryptocurrencies.

easyMarkets was one of the first brokers to offer the valuable market sentiment tool “Inside Viewer”. It allows clients to see what percentage of traders are buying and selling the instrument they are trading, which gives them a better picture of the market.

Things to Improve

The broker is characterized by the excellent services it provides and because of the renewable needs of customers; the broker needs to make some small improvements, which include:

  • Provide customer service in more languages. easyMarkets provided it in 4 languages only and this number is small compared to other Forex brokers.
  • Expand technical support services to become available on all weekdays instead of 5 days.

easyMarkets said it would make every effort to meet the needs and wishes of customers and to provide the best service possible.

Final Thoughts

easyMarkets offers a lot of unique services that give it a competitive advantage. In addition, it offers continuously unique trading tools that make it an ideal option for those wishing to trade in the Forex markets.

Take a little of your time and visit their website to get to know them closely and to find any other additional information.

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