Easymarkets Review 2021

Product Information

I’ve spoken to them on many occasions and they helped me every time. My account manager was also great, very kind and professional, and promptly resolved issues when they arose. In this sense, this brokerage one of the best, and that’s another reason I might recommend it to a beginner. Feedback is very important to us as it helps us improve our services and enhance the trading experience of our clients. Visitors are welcome to use TradingGator.com for free and we strive to give our visitors the best and unbiased reviews possible.

The spread you’ll pay on trades won’t fluctuate according to market conditions, which means you won’t need to worry about pricing differences. Take advantage of one of the most popular trading platforms in the world with MetaTrader 4. It comes with an intuitive interface, customizable layouts and a wide Price action trading range of plugins. Take advantage of competitive spreads on over 70 forex pairs, including all the majors and minors. EASYMARKETS offers a fair trading environment for most types of traders. The customer support team of easyMarkets can be reached on various chat channels, email, phone and web forms.

You can see by the efforts easyMarkets have gone to to ensure your trading experiences are trouble free why easyMarkets has become one of the most popular trading platforms available today. From the training tools to the trading easymarkets review tools, both novices and professionals stay with easyMarkets throughout their currency trading careers. MetaTrader4 is also an option at easyMarkets given no difference in pricing between the broker’s web platform.

Trading Conditions

EasyMarkets offer a unique feature called dealCancellation allowing traders to cancel a trade that has made a loss within 6 hours. Financial instruments can be very complex and is associated with a high degree of risk of losing money due to the use of leverage. Up to 89% of retail investor accounts lose money when trading CFDs, forex or other kinds of financial instruments. You should consider whether you understand how the instruments you intend to trade or invest in work and whether you can afford to take the high risk of losing your money. Under no circumstances shall TradingGator.com or any of its contributors have any liability to any person or entity for any loss resulting from trading any kind financial instruments whatsoever.

• The fixed spreads help you manage risks, especially in a volatile market.
• As mentioned above, the Standard account, which is more suitable for beginner traders because of its low minimum deposit requirement, has extremely wide spreads.
• FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
• Looking at a EUR/USD pair traded on the proprietary trading platform and the MT4 platform, the charges applied on trading the pair vary as follows for different accounts.
• These futures are contracts to buy a certain currency at a specified price and date in the future though they are routinely traded around prior to this date.

The blog is the sole section where easyMarkets provides in-house content. On the whole, the research section is quite unremarkable, and the market analysis section is sorely lacking in substance and could do with a complete overhaul. The Freeze Rate feature allows traders to freeze the displayed price for a few seconds, in theory to allow for the entry of trades. In practice, this offering is similar to one-click and automated trading, as provided in the MT4 trading platform, though the MT4 offerings are far superior. No broker has the possibility to “freeze” a live market, and the impression one gets is that trades on the easyMarkets webtrader are merely simulated.

Benzinga provides the essential research to determine the best trading software for you in 2021. All of these features help prevent you from suffering unexpected losses and keep your investment safe. Two decades of achievements and trustworthy service to clients have earned easyMarkets its CySEC and ASIC licenses, in addition to more than 40 global awards.

At the moment, EasyMarkets does not offer social or copy trading services. However, if you want to engage other types of copy trading, EAs and trading robots are available to use through your MT4 trading platform. One of the most-recognized and respected trading platforms in the industry, MT4 desktop is an easy to use, highly customizable third party platform that has been around for many years. It also provides features to allow for algorithmic trading through EAs and is easy to run on almost any machine. The only exceptions here are if you deposit a currency that is not supported as a base currency, then you will have to pay a conversion fee.

Easymarkets Trading Platform Options

The easyMarkets trading app offers a variety of different ways to trade according to your trading strategy and goals. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities.

So, ask them before topping up the account about the company with whom you have a contractual relation. Easymarkets was my first foray into forex and trading in general. Unfortunately, today I received a call from them telling me that they are no longer able to serve my area due to local regulatory changes. So, since I can no longer trade with them, I decided to share my experience. I lost so much time and money with easymarkets having to migrate from one screen to another so I could get an idea of the real picture.

Easymarkets Regulation

That said, easyMarkets’ flagship web platform and VIP accounts struggle to compete with the best forex brokers in our annual review. Both tools appear attractive, but clearly, easyMarkets advertises them for a reason, which means that overall, they must be profitable for easyMarkets. Also, in support of less experienced traders, easyMarkets platform offer guaranteed stop-loss orders for free, compared to most brokers who charge a small premium.

Forex markets are available on a 24/5 basis Monday to Friday as are commodities markets. Cryptos can be traded 24/7, and indices, shares, and other assets will depend on the local trading hours of where these assets are traded. This is equal to 0.01 standard lots or a cash value of $1,000 though it can be less if you are applying leverage on your trading.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website () are the property of their respective owners and the owners retain all legal rights therein. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated. Founded in 2001, easyMarkets is regulated in one tier-1 jurisdiction and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading. The margin at easyMarkets is 70% of the volume of the opened positions, while the stop-out level is at 30% for the MT4 trading platform. You can get the latest market news releases directly into your platform to stay up to date with the latest happenings across different markets.

When Does A Margin Call Take Place At Easymarkets?

Overall, easyMarkets offers a wider range of base currencies than other brokers, including AUD accounts. All Australian traders are eligible to open an account at easyMarkets as long as they meet the minimum deposit requirements. With two regulators, a technically competent approach to trades and flawless support for its users, easyMarkets is of unrivaled quality in the trading business. If you are looking for a leading company in the Forex trading industry, one that prides itself on comfort, transparency and customer loyalty, easyMarkets could be a great option for you . Those few negative remarks about nonessential elements did not spoil our overall impression of the Forex broker. When making withdrawals to credit/debit cards and e-wallets, there’s no minimum withdrawal amount.

The broker’s web-based trading platform features no slippage on stop orders, guaranteed stop losses and fixed dealing spreads. The broker also offers negative balance protection, so you can never lose more than your initial deposit if a trade goes drastically wrong. 78.28% of retail investor accounts lose Fibonacci Forex Trading money when trading CFDs with this provider. CFDs and FX 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. 71% of retail investor accounts lose money when trading CFDs with this provider.

Easymarkets Account Opening

This can be done by submitting a copy of the trader’s ID and proof of residency document. Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ. According Credit default swap to research in South Africa EASYMARKETS was founded as a Forex broker in 2001 as Easy-Forex. In 2016, the brokerage introduced CFD trading and re-branded to EASYMARKETS. If you’re beginning to trade, learning how to read forex charts is integral to your success.

Premium account – Spread is 1.5 pips and 1.4 pips for the proprietary platform and MT4 platform, respectively. Standard account – Spread is 2.0 pips on the proprietary platform and 1.9 pips for the MT4 platform. New accounts are opened online, and the process is surprisingly short at easyMarkets.

This provides an opportunity to try out your tactics on the markets and discover whether your decisions would have made you money. There are also free eBooks and trading simulators, as well as plenty of articles to read. The site’s Forex glossary is also a handy page to visit, full of simple explanations for complex trading terms. Webinars, seminars, expos and other events are arranged so you can discuss current topics, get tips and learn from your fellow traders. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department.

An EasyMarkets VIP account offers many great benefits including a reduced spread on forex trading at the broker. The spread with this type of account starts at 0.9 pips with a free guaranteed stop loss available. The minimum deposit required here is also kept quite low and accessible. With this VIP account it is also possible for you to upgrade your account type directly from an MT4 account too whenever you wish.

Simply select ‘Microbitcoin’ at the sign-up stage to get started. Information-wise, easyMarkets has plenty to offer, including the latest news headlines and a financial calendar. These features are important for real-time analysis and can help to maximise profits. New clients outside the EU receive a first deposit bonus of up to 50% on their initial deposit. Minimum deposits sit at £100, with a minimum credit bonus of £30. Users who make a first deposit between £200 and £1000 will receive the full 50% bonus.

Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant. You can monitor the rates, percentage change and high/lows of multiple markets. These can then be loaded into your trading ticket with just one click. The inside viewer is a sentiment tool that will show what percentage of other easyMarkets are buying or selling a particular trading instrument. Sentiment analysis is often used as part of a contrarian trading strategy. The dealCancellation feature gives you the ability to undo a trade within one hour for a small fee.

In her spare time, Claire loves rock climbing, travelling and drinking inordinate amounts of coffee. Set up a demo account if you want to get used to the software before you invest any real money. You’ll need to put a minimum of US$100 into your account to start trading.

The minimum trading size is listed as 0.01 lots in the MT4 trading platform, and 0.05 lots in the easyMarkets webtrader. Deposits and withdrawals remain free of charge, but third-party fees may be applicable. Traders have plenty of choices, which include bank wires, credit and debit cards, Skrill, Neteller, Sofort, as well as several regional-only options. The processing times are listed between instantaneously and five business days, and the overall selection of payment options is solid.

Top 3 Forex Brokers

This means you can get familiar with the software without spending any of your actual money. EASYMARKETS offers fixed spreads from 0.9 pips on the EUR/USD on the EASYMARKETS platform, as well as when using the MT4 account. It is always possible to sustain a loss of some or all of an initial investment. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf.

For those of you wanting to try the stock markets, you can explore a variety of options across the globe, including the big hitters such as the US, Asia and Europe, as well as emerging markets. The various trading platforms provide instant updates on fluctuations on Indices markets, identifying the percentage changes so you can make informed decisions on trades. It is worth mentioning that some of the trading products and services in this easyMarkets review may differ or not be available to traders in some countries due to regulations.

The spread is the difference between the bid-ask prices you pay for each trade you take with the broker. It is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept. Inactive accounts are charged with a maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25. You can add funds into your account by using your credit or debit card, bank transfer, or some online payment processors, such as Neteller, Skrill, SticPay, Web Money, Perfect Money, and more. Through easyMarkets you can trade 14 CFD global indices such as the S&P 500, FTSE, NIKKEI, DAX, NASDAQ. Indices offer a mixed portfolio of top company stocks and are therefore considered a diversified product.