easyMarkets Broker Review

Following is the breakdown of those instruments to simplify your asset selection. Freeze Rate allows traders to freeze the displayed price for a few seconds and provides evidence of a simulated trading environment within the easyMarkets webtrader platform. It allows traders to cancel a losing trade; the implication is that the trades are never executed. EasyMarkets will collect a substantial fee for each canceled trade despite the absence of trading activity. DealCancellation is an innovative approach but serves mostly to charge traders for trades that aren’t executed. It may yield a small savings, but still gives the broker pocket change, which really adds up for traders.

Additionally, they provide you full access to other features such as free guaranteed stop loss, fixed spreads, negative balance protection, zero slippage, and no withdrawal fees. Based on the trader’s investment capabilities and needs, easyMarkets offer three account types – Standard, Premium, and VIP. Though each account has a different deposit requirement, they share common features. You get a personal account manager, guaranteed stop-loss, fixed dealing spreads, zero slippage, negative balance protection, access to trading insights, and 24/5 customer support. It also offers the demo account with virtual money for those who want to familiarize themselves with the platform. To achieve its policy goals, easyMarkets provides capital adequacy, negative balance protection, and free guaranteed stop-loss orders.

Over 200 assets across six investment classes are accessible at easyMarkets; specifically, Forex, metals and commodities, equity CFDs, index CFDs, and cryptocurrencies. ScamBroker.com easymarkets broker review is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement.

• Traders can easily switch between the demo and the live trading accounts.
• If you are looking to trade non-CFD stocks (and own the underlying asset or stock), then No.
• The platform is currently regulated in Australia and Cyprus and offers over 300 tradeable instruments to its clients.
• Because leveraged trading is a risky business that can amplify profits and losses hundreds of times, traders face the possibility of losing more money than they had in their accounts to start with.
• Note that cryptocurrency spreads may be adjusted more frequently than other assets due to high volatility.

EasyMarkets delivers an average spread of 0.9 when trading the EUR/USD within a standard account. The all-in cost of trading the EUR/USD with an active account is 0.9. https://traderoom.info/ We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in).

Our easyMarkets review was primarily focused on exploring how a trader can benefit from using the brokerage. And to our surprise, the broker has raised the bar with its exceptionally innovative trading tools and specifications. Once you start trading with it, there is no reason to stop or move on with something else. EasyMarkets has an extensive range of tradable assets, which include more than 200 instruments and 150 currency pairs. The availability of these assets, however, varies with the jurisdiction.

Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Also, always consider easyMarkets rollover or overnight fee as a cost, it is charged on the positions held longer than a day and may be checked directly from the platform. Each instrument has a different condition for overnight positions and may be as a fee or refund. EasyMarkets have gathered 37 international awards for the past years of its excellence.

How can I deposit into an easyMarkets account?

I was duped after risking my funds in trading (AUD/USD) with over 4.45lots and made profit of $1700. There are many wrong things with this broker service, first is that I was charged swap fee of about 55usd while my trade never took a full day to hit and also has the worst spread. As if that’s not enough after my trade hitting profit of about $1700, I request to withdraw all my funds atlest to know if this is a genuine broker, but guess what?

One of its standout features is the deal cancellation function, which is not very common in the industry, as it allows you to make changes to any trade you made in the past hour. While there is a small fee attached to this feature, it certainly can be used to reverse potentially costly mistakes. You can also add funds via bank transfer, which is an option available to people in over 160 countries.

We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 62% offer the newest version, MT5. We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5. In terms of mobile charting indicators and studies easyMarkets has 81, compared to the industry average of 41. Mobile charting indicators can be a useful tool to help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience.

Securing funds and investments are very important to any trader in online trading. EasyMarkets have financial security programs to protect their clients. As part of its core value of transparency, the firm lets its clients know that all client funds are separated from easyMarkets funds. Clients’ funds are segregated and placed safe and secure in top-tier banks and customers will be able to access their funds. The firm offers capital adequacy that maintains sufficient liquid capital that covers all client deposits, potential fluctuations in the company’s currency positions, and outstanding expenses. It should be noted that the broker (easyMarkets) previously offered different leverage options, so it’s worth closely monitoring the leverage available at any one time.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. The support agent responded quickly, their advice was very helpful and the tone was friendly. You will get a account manager who will solve any problem you have in trading and everything . All of these features help prevent you from suffering unexpected losses and keep your investment safe. You will also need to provide documented proof of your address (like a bank statement or utility bill) and identity (such as a government ID or passport) before you can withdraw funds. You’ll find a “Getting Started” section, a “Discover” series, free eBooks, Knowledge Base, a Trading Glossary, a description of the key economic indicators and detailed FAQs.

Trading Platform

Since more regulators mean more oversight and tighter controls, the more regulators are regulating the broker, the better for traders. The commodity market presents traders with another substantial diversification opportunity. EasyMarkets has a Trust Score of 84, compared to the industry average of 83, and BrokerNotes.co considers easyMarkets to be Trusted. If you’re still going to work with EM, the best thing you could do is ask any support member about all these negative ‘features’ to see if they’re as bad as they say.

This platform allows traders to use advanced trading knowledge to customize their terminals and display multiple live charts while using technical indicator overlays. Due to its ability to integrate a wealth of features that allow tailored market analysis and automated trading, most traders choose to use the MT4 platform. This platform is as well as preferred by advanced traders because it shows an amount of information displayed in one window. EasyMarkets offers platforms for web, desktop, and mobile trading.

Forex Brokers We Recommend

EasyMarkets has countered the shortage of investment into MT4 by creating their proprietary webtrader, advertised as an intuitive, powerful, and simplified trading platform. While the user-interface looks modern and clean, it doesn’t support automated trading or allow the introduction of third-party plugins which many traders find to be helpful, if not entirely necessary. Two of the core features marketed by this broker, dealCancellation and Freeze Rate, are exclusively granted in this platform. The easyMarkets webtrader also comes with a hidden cost to traders in the form of higher spreads, which is quite unfortunate, and may serve as a deterrent from traders choosing this option.

You can trade a wide variety of assets and spreads, including forex, metals, indices, commodities, cryptocurrencies and options. There are a number of account types to choose from depending on your level of experience as a trader and your initial deposit. There is a demo account for beginner traders who are just getting started and want to familiarise themselves with the nuances of trading.

Make sure you thoroughly test any software before deploying them on a live account. Fixed spreads with deal canceling abilities can assist traders to limit losses and increases profitability. The range of products at easyMarkets includes currencies, metals, energy commodities, agricultural commodities, indices, and options.

Cryptocurrency trading on easyMarkets

So by trading numerous instruments, you also may use powerful tool leverage, which may increase your potential gains through its possibility to multiply initial accounts balance. Yet, make sure to learn how to use tools smartly, as high leverage and incorrect use increase risks as well. Over the years of expansion easyMarkets CFDs offering the range currently includes Forex instruments, global indices, energies, metals, and cryptocurrencies including Bitcoin, Ripple, and Ethereum. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.

There are seven tabs, each opening up a menu that may consist of several more tabs. Surprisingly, but the most praise comes not for the helpfulness as it is, but rather responsiveness. Plus, even the negative reviews report that each time they complained about their specific problem, they were contacted by the member of the staff. Not to mention that every complaint on the actual review websites is addressed by the member of the staff. The staff helps people with the technical issues as well as patiently directs their verification process and diligently answers the questions. It’s unknown how many stories about ‘great service’ are influenced by EM, but users wouldn’t leave such praising comments if there at least was some help.

Definitely, easyMarkets is well-regulated by three international financial authorities – ASIC, CySEC, and FSA. Yes, In Australia and the European Union they are a regulated broker. The best way for you to know that a Forex broker is not a scam, is by checking their regulatory status. When you see that they hold a valid license from a financial regulator, you can be sure that they are a legitimate broker.

• You can trade over 200 assets in a wide variety of markets at easyMarkets.
• Why will I need another account when my trades always end in profits.
• Forex trading has improved the lives of many, if not all, by providing them with numerous investment opportunities to increase their wealth.
• When you select ‘Buy Stop’, you should set the price you would like your position to open at.
• Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities.

Feel free to provide feedback whenever you want – we are always happy to hear from you. In Australia, the brokerage firm is regulated by the Australian Securities and Investments Commission (ASIC). The company has won a total of 37 international awards during its 18 years of operation, which is an impressive feat given the massive number of brokers operating today. The broker has received numerous awards over the years, which showcase the quality of its offering in specific areas. They also provide email support as well as phone support in addition to the various social media channels. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.

EasyMarkets has a healthy balance sheet with stable cash flow; approximately 74% of the broker’s retail traders tend to lose money, which directly profits easyMarkets. The new μBTC account type, lets investors deposit and withdraw with Bitcoin. They are one of the few online brokers that offer a microbitcoin  trading account. Create a free demo account to test their trading platforms features, register here. In addition to the trading software, the broker constantly develops enhancing tools and delivers vast add-ons to the trading platforms. All that ensures the traders’ safety, especially to those who trade in volatile conditions.