Regulatory Compliance and Reputation
EasyMarkets, previously branded as Easy Forex, has over the years, built a solid reputation in the forex trading industry. The broker is recognized for its commitment to regulatory compliance, which is a vital aspect of the forex trading industry.
EasyMarkets is regulated by CySEC (Cyprus Securities and Exchange Commission) under CIF license number 079/07. This regulatory body is well-respected in the financial industry and ensures strict adherence to financial standards and practices. Being regulated by such a reputable body grants traders a high level of security and confidence in the broker’s services. Additionally, the broker is also regulated by the Australian Securities and Investments Commission (ASIC) with an AFS license number 246566, further enhancing their credibility in the industry.
Their dedication to regulatory compliance extends to their strict adherence to the Markets in Financial Instruments Directive (MiFID). MiFID, an EU legislation, applies to firms providing investment services and activities. This regulation ensures transparency across the European Union’s financial markets and standardizes the disclosures required for particular markets.
In terms of reputation, EasyMarkets has managed to maintain a positive image in the industry. The broker has received several awards, including Best Partner Program Europe 2015 and Best Forex Broker 2015, which speaks volumes about their industry standing. Online reviews from actual users indicate a generally positive experience, with mentions of the company’s integrity and reliable customer support.
However, it’s worth noting that no broker is immune from criticism. Some traders have raised concerns about wide spreads in certain trading conditions, but these issues don’t touch on regulatory compliance or the broker’s overall reputation.
In conclusion, EasyMarkets’s commitment to regulatory compliance is evident in its adherence to the regulations set by well-respected bodies such as CySEC and ASIC. Their strong reputation in the industry is further solidified by positive user reviews and accolades. As with any financial decision, potential traders should conduct their own due diligence, but in terms of regulatory compliance and reputation, EasyMarkets appears to be a solid choice.
Trading Instruments
EasyMarkets, a prominent player in the world of financial trading, offers a wide range of trading instruments. The broker’s portfolio of instruments is truly comprehensive, catering to diverse trading needs and risk appetites.
The main strength of EasyMarkets lies in its forex trading arena. It avails an extensive array of currency pairs for trading, including major, minor, and exotic pairs. This means that traders have the ability to profit from a vast range of global currencies, providing opportunities to capitalize on different economic events and trends.
In addition to forex trading, EasyMarkets also provides a robust platform for commodity trading. Traders have the choice to trade in a variety of commodities like gold, oil, natural gas, and agricultural products. This diversification allows traders to hedge against forex market volatility and capture profit opportunities in different markets.
EasyMarkets also excels in the provision of indices and shares trading. These instruments provide excellent opportunities for traders who wish to diversify their portfolio beyond forex and commodities. Traders can invest in leading global indices and shares of multinational corporations, thereby getting exposure to different sectors and economies.
The offering of cryptocurrency trading is another feature that sets EasyMarkets apart. Cryptocurrencies like Bitcoin, Ethereum, and Litecoin are available for trading, ensuring that traders can take advantage of the dynamic and highly volatile crypto market.
One noteworthy feature of EasyMarkets is the range of Contract for Differences (CFDs) it offers. CFDs allow traders to speculate on the price movements of various financial instruments without owning the underlying asset. The range of CFDs at EasyMarkets spans across forex, commodities, indices, shares, and cryptocurrencies, offering traders a myriad of trading opportunities.
In summary, EasyMarkets provides a comprehensive suite of trading instruments that caters to various trading strategies and risk preferences. Whether you are a forex trader, a commodity enthusiast, an indices or shares investor, or a crypto trader, EasyMarkets has the breadth and depth of instruments to meet your trading needs.
Account Types
EasyMarkets, a well-established player in the foreign exchange trading industry, offers a great range of account types to cater to different kinds of traders. This flexible approach makes them a preferred choice for both beginners and seasoned traders, and this review will delve deeper into their account offerings.
EasyMarkets offers four primary account types – Mini, Gold, Platinum, and VIP. Each of these account types comes with its unique set of benefits and features, aimed to cater to the varying needs and skills of traders.
The Mini account is designed for beginners who are new to forex trading. With a minimum deposit requirement of just $25, it provides an affordable entry point for novice traders. This account type offers moderately tight spreads, basic trading features, and access to customer support – making it an excellent choice for novices to get started with forex trading.
The Gold account is the next tier, perfect for intermediate traders. With a slightly higher minimum deposit of $500, it offers tighter spreads than the Mini account and includes a personal dealer to provide trading insights, making it a valuable choice for those ready to take their trading to the next level.
The Platinum account, designed for advanced traders, requires a minimum deposit of $5,000. This account brings in the luxury of even tighter spreads and a dedicated personal dealer whose expertise can be invaluable. Platinum account holders also enjoy the benefits of express withdrawals and access to premium market updates.
The VIP account is the top-tier offering from EasyMarkets, tailored for professional traders with sizeable trading volumes. With a minimum deposit of $10,000, it offers the tightest spreads and a host of premium features including a dedicated VIP dealer, express withdrawals, and premium market updates. VIP account holders also enjoy priority customer service and access to exclusive events and webinars.
In addition to these account types, EasyMarkets also provides a demo account for those who want to familiarize themselves with the platform and practice trading strategies without risking real money.
In conclusion, EasyMarkets’s varied account offerings cater to all types of traders, from beginners to professionals, and their escalating benefits with each account tier make them an appealing choice for traders looking for a broker that can support their trading journey at every step. The availability of a demo account further underscores their commitment to creating a user-friendly trading environment.
Customer Support
EasyMarkets is renowned for its commitment to providing exceptional customer support. The company’s customer service team sets itself apart with its expertise, professionalism, and dedication to addressing the needs of their clients.
One of the most impressive aspects of EasyMarkets’s customer support is its availability. The service operates 24 hours a day, five days a week. This ensures that no matter what time zone a client is trading from, they can always reach out for assistance. In an industry where market conditions can change rapidly, having this level of support readily available is invaluable.
EasyMarkets’s customer support can be accessed in several ways. Clients can reach out via phone, email, or live chat. The response time across all these channels is commendably quick, ensuring that traders do not lose valuable time waiting for their queries to be addressed.
The company also provides a comprehensive FAQ section on its website. This section covers a wide range of topics, providing answers to common queries and offering a wealth of information to both novice and experienced traders. In addition, the broker provides comprehensive educational resources to help clients better understand forex trading.
The quality of EasyMarkets’s customer support is also reflected in its personalized approach. The company assigns a personal account manager to each client. This ensures that every trader has someone who understands their specific needs and can provide tailored advice accordingly.
There is also a multilingual customer service team, catering to a global clientele. This is a significant benefit, as it ensures that clients from different parts of the world can communicate their concerns effectively, without language being a barrier.
EasyMarkets’s customer support team is not only reactive but also proactive in assisting clients. They regularly update clients about market news, provide tips and advice, and sometimes even call clients to discuss their trading strategies.
In terms of customer support, EasyMarkets truly excels. The company’s commitment to providing accessible, personalized, and professional support makes it stand out among forex brokers. It is evident that the company values its clients and is invested in their success.
Educational Resources
EasyMarkets stands out as a forex broker that understands the importance of providing quality educational resources to their clients. These resources are designed to cater to both beginners and experienced traders, ensuring they have access to the necessary tools and knowledge to make informed trading decisions.
Beginners who are just starting out in the forex market will find EasyMarkets’s educational resources remarkably useful. They offer a comprehensive Forex Education section on their website, which includes simple and easy-to-understand e-books, videos, and articles that cover the basics of forex trading. This section is well-organized and the content is presented in a straightforward manner, making it easy for beginners to grasp the basic concepts of forex trading.
Additionally, EasyMarkets offers free webinars that cover a range of topics, from market analysis to trading strategies. These webinars are conducted by experienced traders and industry experts, providing valuable insights into the forex market and trading techniques.
For the more experienced traders, EasyMarkets provides advanced educational resources, such as in-depth market analysis, technical analysis tools, and advanced trading strategies. These resources are designed to help experienced traders stay up-to-date with the latest market trends and enhance their trading skills.
EasyMarkets also offers a unique feature called ‘Learn Centre’ where both novice and seasoned traders can access a wide range of resources including trading FAQs, glossary of terms, and more. This feature is a great tool for self-learning and continuous improvement in the trading journey.
One commendable aspect of EasyMarkets’s educational resources is their commitment to regularly updating their content. This ensures that their clients are always equipped with the most current information and strategies in the ever-changing forex market.
Overall, EasyMarkets’s commitment to education is apparent in the quality and breadth of the educational resources they provide. They offer a comprehensive suite of learning materials that cater to traders of all levels, making them a desirable choice for those who value continuous learning in their trading journey.
Deposits and Withdrawals
EasyMarkets, a renowned name in the forex trading industry, extends a straightforward and efficient process for deposits and withdrawals, catering to traders of all levels of expertise. The platform’s robust financial systems and well-defined procedures are designed to ensure swift and secure transactions, thereby minimizing any potential disruptions to the trading experience.
Deposits on EasyMarkets are a breeze, offering a variety of popular funding methods to accommodate traders globally. This includes traditional options like credit and debit cards, bank wire transfers, and a selection of e-wallets such as Skrill and Neteller. The broker also accepts regional payment methods, ensuring that traders from different geographical locations can fund their accounts conveniently. The minimum deposit amount is quite reasonable, making it accessible for beginners and casual traders. The deposit process is swift, with most transactions being processed instantly, allowing traders to begin trading almost immediately.
Furthermore, EasyMarkets does not charge any fees on deposits, which is a significant advantage over many other forex brokers. However, it’s worth noting that while the broker itself does not levy any charges, there might be fees imposed by your banking institution or payment provider.
The withdrawal process at EasyMarkets is equally impressive. The broker aims to process all withdrawal requests within one business day, which is faster than the industry average. Traders can withdraw funds using the same methods available for deposits. The absence of withdrawal fees from EasyMarkets’s side is another notable advantage, although, like deposits, traders should be aware of any charges that may be incurred from their bank or payment provider.
EasyMarkets has a dedicated customer service team to assist with any issues or queries related to deposits and withdrawals. This is a valuable resource, especially for new traders who might need guidance navigating the financial aspects of forex trading.
One aspect that deserves special mention is EasyMarkets’s adherence to high-security standards. The broker uses advanced encryption technology to protect traders’ financial details and transactions, providing a secure trading environment.
Overall, EasyMarkets provides a seamless and efficient process for deposits and withdrawals, making it a trustworthy choice for traders. The broker’s commitment to offering a wide range of payment methods, speedy transaction processing, and a commitment to security are commendable features that enhance the trading experience.
Execution and Trading Conditions
EasyMarkets is known for its robust and flexible trading conditions which cater to a wide array of traders, from beginners to experienced professionals. The broker’s execution and trading conditions are particularly noteworthy, demonstrating its commitment to providing a seamless trading experience.
Execution speed is a crucial aspect to consider in forex trading, and EasyMarkets does not disappoint in this regard. The broker is reputed for its quick order execution, minimizing the possibility of slippage or re-quotes. This can be a significant advantage, especially for traders who employ high-frequency trading strategies. EasyMarkets’s fast execution speed can make a considerable difference in the profit margins of such traders.
Moreover, EasyMarkets offers a wide assortment of trading instruments. Traders have access to various currency pairs, commodities, indices, and CFDs. This multitude of offerings provide traders with ample opportunities to diversify their portfolio and capitalize on different market situations.
The broker also provides competitive spreads, which can be as low as 1.8 pips. This is relatively lower than the industry average, making EasyMarkets an attractive option for cost-conscious traders. Additionally, the broker does not charge any commission on trades, which can further enhance the profit potential for traders.
One of the standout features of EasyMarkets’s trading conditions is its guaranteed stop loss. This tool is particularly beneficial for risk management, as it ensures traders can limit their losses in volatile market conditions. Unlike many brokers who only offer this feature at an additional cost, EasyMarkets provides it for free, demonstrating its commitment to protecting its clients’ capital.
EasyMarkets also offers flexible leverage, with ratios up to 1:400. This allows traders to control larger positions with a smaller amount of capital. However, it’s essential to note that while leverage can magnify profits, it can also amplify losses. Therefore, traders should use it judiciously.
In terms of trading platforms, EasyMarkets provides users with the choice of MetaTrader 4 and its proprietary platform. Both platforms are user-friendly and equipped with advanced trading tools, ensuring traders can effectively analyze the markets and execute their trades.
In conclusion, EasyMarkets’s execution and trading conditions are impressive. The broker offers quick order execution, competitive spreads, a wide range of trading instruments, guaranteed stop loss, and flexible leverage. These features, combined with its user-friendly trading platforms, make EasyMarkets a viable option for traders seeking a robust trading environment.
Conclusion and Recommendation
In conclusion, EasyMarkets, a well-established and regulated broker, offers a broad range of trading options that cater to both novice and experienced traders. Their user-friendly platform, coupled with extensive educational resources, enhances the trading experience and enables traders to make informed decisions.
EasyMarkets offers competitive spreads, and their no commission policy on trades is an appealing feature that sets them apart from other brokers. They also provide a free demo account, allowing traders to test their strategies before investing real money.
The broker’s customer service is another commendable aspect. With 24/5 support, traders can get assistance anytime they need, whether it’s a technical issue or a query about a transaction. The support team is knowledgeable, responsive, and communicates effectively, ensuring all issues are swiftly resolved.
However, EasyMarkets falls short in terms of the range of assets available. While they provide a good selection of forex pairs, they do not offer a wide spectrum of other assets like commodities or indices. This could limit trading opportunities for those who wish to diversify their portfolio.
In terms of security, EasyMarkets is a reliable broker. Being regulated by multiple financial authorities worldwide provides reassurance to traders about the safety of their funds. Furthermore, the broker’s use of advanced encryption technology ensures all personal and financial information is kept secure.
The broker’s commitment to transparency is also commendable. EasyMarkets provides all necessary information upfront, with no hidden charges or fees. This transparency fosters trust and helps traders make informed decisions about their investments.
In recommendation, EasyMarkets is an excellent choice for those who are primarily focused on forex trading. The broker’s user-friendly platform, comprehensive educational resources, and excellent customer service make it suitable for both beginners and experienced traders. However, for those seeking a more diverse range of assets, other brokers may be more appropriate. Always remember to conduct thorough research and consider your individual trading needs before selecting a broker.
