History and Founding
easyMarkets was established in 2001 as one of the pioneers in online trading. Initially branded as Easy Forex, the company rebranded to easyMarkets to reflect its expanded range of tradable instruments. Headquartered in Cyprus, easyMarkets has consistently focused on providing user-friendly trading platforms and innovative tools to make trading accessible to all levels of traders.
Mission and Vision
easyMarkets’ mission is to simplify trading for everyone, offering transparency, affordability, and ease of use. The broker’s vision is to empower traders globally by providing advanced tools and educational resources while maintaining fair trading conditions and excellent customer service.
Global Presence
With offices in Europe, Asia, and Australia, easyMarkets serves clients in over 100 countries. The broker offers multilingual support, catering to the diverse needs of traders worldwide. Its global reach is further supported by robust regulatory compliance and localized services.
Advantages and Disadvantages
Key Strengths
- Multiply regulated broker with a strong establishment
- Great technical solutions, tools, platforms
- Good Reputation
- Quality education
- Negative balance proteciton
Areas for Improvement
- Only Forex and CFDs
- No 24/7 support
- Conditions vary based on entity
Security and Regulations
Licenses Held
easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Seychelles Financial Services Authority (FSA). These licenses ensure compliance with international financial standards and provide a secure trading environment.
Fund Segregation and Insurance
Client funds are kept in segregated accounts with Tier-1 banks, ensuring that they are not used for the company’s operational purposes. Additionally, easyMarkets offers negative balance protection, ensuring clients cannot lose more than their deposited funds.
Tradable Instruments
Forex Pairs
easyMarkets offers a wide variety of forex pairs, including majors like EUR/USD, minors such as GBP/AUD, and exotic pairs like USD/TRY. Fixed spreads ensure predictable costs for traders.
Commodities
Traders can access popular commodities like gold, silver, oil, and natural gas. Commodities provide diversification opportunities and are available with competitive margin requirements.
Indices
Global indices such as the S&P 500, NASDAQ, FTSE 100, and DAX are available for trading, allowing traders to speculate on the performance of major stock markets.
Cryptocurrencies
easyMarkets provides access to a range of cryptocurrencies, including Bitcoin, Ethereum, and Ripple. Crypto trading is offered via CFDs, allowing traders to benefit from price movements without owning the assets.
Account Types
VIP
| Minimum deposit | 0 |
|---|---|
| Commission | 0.7 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:400 |
| Margin call level | 50 |
| Stop-out level | 30 |
Premium
| Minimum deposit | 0 |
|---|---|
| Commission | 1.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:400 |
| Margin call level | 50 |
| Stop-out level | 30 |
Standard
| Minimum deposit | 0 |
|---|---|
| Commission | 1.7 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:400 |
| Margin call level | 50 |
| Stop-out level | 30 |
Fees and Charges
Spreads and Commissions
easyMarkets operates on a fixed spread model, with spreads starting from 0.9 pips on major forex pairs. The broker does not charge commissions on trades, simplifying cost calculations for traders.
Swap Rates
Swap rates are not applicable for Islamic accounts. For standard accounts, they are clearly outlined on the platform and depend on the traded asset.
Inactivity Fees
An inactivity fee is charged on dormant accounts after a certain period of no trading activity. Traders can avoid this fee by maintaining activity or closing their accounts if not in use.
Trading Platforms
| Available tools | Forex, Comodities, Stocks, Indices, Metals, Energy, Cryptocurrency, CFDs |
|---|---|
| Cryptocurrencies | BTC, XRP, ETH, LTC, BCH, XLM, ADA, ALG, SOL, UNI, DOT, LNK, ZEC, OMG, MTC, DSH, DOG, XMR, CHZ, AVA |
| CFD | Forex: 45 Commodities: 7 Stocks: 150 Indices: 7 Metals: 5 Energy: 5 Cryptocurrency: 20 |
easyMarkets Proprietary Platform
The proprietary platform is designed for simplicity and ease of use, offering unique features like dealCancellation, which allows traders to cancel a losing trade within a specific timeframe, and Freeze Rate, enabling traders to lock in a price momentarily.
MetaTrader 4 (MT4)
For traders seeking a more traditional platform, easyMarkets offers MT4, known for its advanced charting tools, technical analysis capabilities, and support for Expert Advisors (EAs).
Mobile Trading Apps
The easyMarkets mobile app provides full account functionality, including trade execution, charting, and access to the broker’s innovative tools. It is available for both iOS and Android devices, ensuring traders can manage their portfolios on the go.
Customer Support
Steps to Register
Opening an account with easyMarkets involves completing an online registration form, verifying your identity and address, and funding the account. The process is straightforward and can be completed within a few minutes.
Verification Requirements
To comply with regulatory standards, easyMarkets requires clients to submit proof of identity (e.g., passport or driver’s license) and proof of address (e.g., utility bill or bank statement). Verification is typically completed within 24 hours.
Deposits and Withdrawals
Payment Methods
easyMarkets supports a range of payment options, including credit/debit cards, bank transfers, and e-wallets like PayPal, Skrill, and Neteller. This variety ensures convenient funding and withdrawal options for clients.
Processing Times
Deposits are processed instantly for most payment methods, while withdrawals may take 1–3 business days, depending on the chosen method.
Associated Fees
easyMarkets does not charge fees for deposits, but withdrawal fees may apply for certain methods. Traders should review the broker’s terms for specific details.
FAQ
Is the broker regulated?
Yes, easyMarkets is regulated by CySEC, ASIC, and the FSA, ensuring compliance with international financial regulations.
What trading platforms are available?
easyMarkets offers its proprietary platform and MetaTrader 4 (MT4).
What is the minimum deposit required to open an account?
The minimum deposit to open an account is $100, making it accessible for most traders.
What types of accounts does the broker offer?
easyMarkets provides Standard, Premium, VIP, and Islamic accounts to cater to various trading needs.
What fees and commissions are charged?
easyMarkets operates with fixed spreads starting from 0.9 pips. No commissions are charged on trades.
What is the maximum leverage available?
easyMarkets offers leverage of up to 1:400, depending on the asset and regulatory jurisdiction.
Are demo accounts available?
Yes, demo accounts are available for traders to practice without risking real money.
How can I contact customer support?
easyMarkets provides customer support via live chat, email, and phone. Support is available 24/5 in multiple languages.