Updated on: July 21st, 2024
All client funds at easyMarkets are break away company funds, and are kept safe and secure in top tier, low credit risk, global banks. easyMarkets also claim to take care of sufficient liquid capital to hide all client deposits, potential fluctuations within the company’s currency positions and outstanding expenses.
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easyMarkets is regulated by both ASIC and CySEC, and offers clients negative balance protection with their funds held in segregated accounts
Pros
- Segregates client funds
- Established in 2003
- Regulated by CySEC and ASIC
- Min. deposit from $1
Cons
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not FCA Regulated (See alternatives)
To open a live account, you’ll need a minimum deposit of a minimum of $1. Alternatively, EasyMarkets offers a demo account that you simply can use to practice and familiarise yourself with their platform.
Regulated by CySEC (Licence: 079/07). EasyMarkets puts all client funds during a segregated checking account and uses tier-1 banks for this. EasyMarkets has been established since 2003, and have a head office in Cyprus, Australia.
Before we dive into a number of the more detailed aspects of EasyMarkets’s spreads, fees, platforms and trading features, you’ll want to open EasyMarkets’s website during a new tab by clicking the button below so as to ascertain the newest information directly from EasyMarkets.
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What are EasyMarkets’s spreads & fees?
Like most brokers, EasyMarkets takes a fee from the spread, which is that the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are supported the minimum spreads listed on EasyMarkets’s website. the color bars show how competitive EasyMarkets’s spreads are as compared to other popular brokers featured on forexcanada.
As you’ll see, EasyMarkets’s minimum spread for trading EUR/USD is 1.8 pips – which is comparatively high compared to average EUR/USD spread of 0.70 pips. Below may be a breakdown of what proportion it might cost you to trade one lot of EUR/USD with EasyMarkets vs. similar brokers.
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How much does EasyMarkets charge to trade 1 lot of EUR/USD?
If you were to shop for one standard lot of EUR/USD (100k units) with EasyMarkets at an rate of exchange of 1.1719 then sell it subsequent day at an equivalent price you’d likely pay $22.34. Here’s a rough breakdown of the fees and the way this compares against XTB & AvaTrade .
What are you able to trade with EasyMarkets?
EasyMarkets offers over 191 different instruments to trade, including over 135 currency pairs. We’ve summarised all of the various sorts of instruments offered by EasyMarkets below, along side the instruments offered by XTB and AvaTrade for comparison.
What’s the EasyMarkets trading experience like?
1) Platforms and apps
EasyMarkets offers the favored MT4 forex trading platform. to ascertain an inventory of the highest MT4 brokers, see our comparison of MT4 brokers. EasyMarkets also offer their custom easyMarkets platform.
EasyMarkets also offer mobile apps for Android and iOS, making it easier to stay an eye fixed on and execute your trades while you’re on the move.
Open a practice account & learn to trade
2) Executing Trades
With EasyMarkets, the minimum and maximum trade requirements vary counting on the trader and therefore the instrument.
As a market maker, EasyMarkets may have lower entry requirements compared to an ECN broker who benefits from a better volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As a pleasant bonus, EasyMarkets are one among only a few brokers that claim to possess no requotes, so you don’t need to worry about slippage (your trades being ordered at a special price to what you executed them at).
As with most brokers, margin requirements do vary counting on the trader, accounts and instruments. you’ll see the newest margin requirements on their website.
EasyMarkets also offers variety of useful risk management features, like stop losses (with trailing stops), limit orders negative balance protection price alerts and far more. you’ll see all of the account features offered by EasyMarkets here.
Finally, we’ve listed a number of the favored funding methods that EasyMarkets offers its traders below.
Trading Features:
- Allows scalping
- Allows hedging
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
- Accounts offered:
- Demo account
- Micro account
- Mini account
- Standard account
- Islamic account
- Funding methods:
- Credit cards
- Bank Transfer
- Payoneer
- Neteller
Client support
Easy Markets support a good range of languages including English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew.
EasyMarkets features a BrokerNotes triple AAA support rating because they provide a good range of languages and support options.
What you’ll got to open an account with EasyMarkets
As Easy Markets is regulated by CySEC and ASIC , every new client must pass a couple of basic compliance checks to make sure that you simply understand the risks of trading and are allowed to trade. once you open an account, you’ll likely be asked for the subsequent , so it’s good to possess these handy:
- A scanned colour copy of your passport, driver’s license or national ID
- A utility bill or statement from the past three months showing your address
- You’ll also got to answer a couple of basic compliance inquiries to confirm what proportion trading experience you’ve got , so it’s best to place aside a minimum of 10 minutes approximately to finish the account opening process.
While you would possibly be ready to explore Easy Markets’s platform immediately , it’s important to notice that you simply won’t be ready to make any trades until you pass compliance, which may take up to many days, counting on your situation.