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EasyMarkets3 min read
Broker Review
EasyForex was established in 2003 and currently acts as a broker with global reach. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, cryptocurrencies, commodities and metals, to options on both its proprietary platform and the ever popular MetaTrader. Simple and professional business solutions. From world-class trading platforms with expanded order execution and risk management tools to real-time market data and real-time streaming, Easy-Forex ® helps partners deliver advanced trading technologies and solutions to customers worldwide and is suitable for all skill levels.
Platforms
79
Usability
70
Assets
90
Users rating50 Votes
74
Pros Broker
Easy web trading platform
ASIC & CySEC licensed
Great deposit and withdrawal tools
Exclusive market news and analysis
Cons Broker
Limited research tools
High trading fees
Slow withdrawal of funds
Limited product portfolio
80
Overall Broker Rating
Visit Broker

Review of the company

EasyMarkets was established in 2003 and is known as a transparent and reliable broker for partners, customers of the company. The activities of the Forex broker are regulated by the Financial Supervision Commission for Securities and Exchange of Cyprus and ASIC, Australian Financial Supervisor and Regulator. This means that ASIC and CySEC conduct an audit independent of EasyMarkets. In addition, it fully complies with all ESMA rules. This broker has always remained a transparent, reliable and regulated financial services provider. It has more than 100,000 active traders on its platform and boasts of more than $1.5 trillion in turnover. This broker is especially suitable for those traders looking for a partner with a solid and long trading history. The only problem is that EasyMarkets does not allow traders to trade in the USA, you have to visit section the USA Forex Brokers.

The deposit funds of users of the brokerage platform are separated from the funds of the company and are stored in the accounts of well-known global banks with low credit risks. None of the employees can use the accounts of the clients of the brokerage platform. EasyMarkets has enough funds to maintain the liquidity of customer deposits, unpaid expenses, in case of currency fluctuations. The company can pay compensation to its insured clients in the amount of not more than 20,000 euros.

Promotions, Bonuses

At the moment, the brokerage company EasyMarkets offers to use the “Welcome Bonus” promotion, details of which can be found on the official website. There is an affiliate program EasyMarkets, which opens up additional opportunities for attracting passive capital. Interesting for clients from a commercial point of view will be the promotion “Attracting friends” to trading on the EasyMarkets platform. All information about promotions, bonuses or competitions can be learned when studying the site.

Trading Features

The first impression of the work of each broker is formed after viewing the site. EasyMarkets has a clear structure. Work on Forex based on EasyMarkets brokerage platform will be clear even to a novice trader. Customers can trade a variety of products and indices, including cryptocurrencies. Moreover, EasyMarkets offers transparent pricing with fixed spreads.

One of the main decorations of the site is training video materials created by talented specialists. Information about the complex world of finance is presented in a fascinating way and will be understandable even to a user who does not have a financial education. Forex transactions are carried out using the comfortable and long-known MetaTrader4 platform, progressive Web/App applications for mobile gadgets. You can also do technical analysis and charting.

To trade on Forex, a future trader just needs to register on the site and replenish his deposit wallet with at least $25. This is the minimum amount for opening a Standart account. Privileged VIPs replenish their deposit by at least $10,000.

According to the terms of EasyMarkets, VIP-account holders trade in volumes of at least 1 lot with remote trading. On standard MT4, trading is 0.01 lots. Owners of more democratic deposits make a purchase and sale of at least 0.01 lots on the standard MT4 platform. With mobile trading “Standart” – clients trade in volumes of 0.05 lots.

Demo Account

EasyMarkets also offers its customers a demo account where they can get brief information about trading before real trading. This allows them to get an idea of ​​how you feel when trading, practice trading and test new strategies without risking your real capital. Trading does not even require an installation process, although you will need to do this if you are using MetaTrader 4.

Customer Service

The multilingual customer support team is also ready to assist through several channels of communication. Customer service representatives can be contacted at any time of the day during 5 business days. They can be contacted by email, phone, fax, live chat or social networks: Twitter, Facebook, Google, Linkedin. Support is available in multiple languages: English, Polish, German, Spanish, Chinese, Japanese, Korean, Arabic. Separately, it should be noted that they respond fairly quickly to users.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.