easyMarkets review 2024
easyMarkets review Summary
easyMarkets boasts more than 200 tradable instruments across 7 asset classes and two bespoke platforms to offer both web and mobile-based forex trading. Keep reading to learn more about easyMarkets and whether you should sign up.
What can I do with easyMarkets?
easyMarkets is primarily a forex trading platform that lets you buy and sell currency pairs. But it also offers CFD trading so you can speculate on the performance of stocks and cryptocurrencies as well.
Formed in 2001, easyMarkets has its own trading platform known as ‘MetaTrader’, which is available via web browser or through your mobile device. The MetaTrader platform gives beginners the option of starting out with a demo account to learn the market, or just dive right into live trading.
Pros & Cons
Pros:
Cons:
Can I open an account with easyMarkets?
easyMarkets markets, assets, and options
What assets and products can you trade on easyMarkets?
easyMarkets offers access to over 200 tradable instruments across 7 asset classes, including major forex pairs, such as GBP/USD and AUD/USD. Through its CFD trading options it lets you trade large-cap stocks like Apple and Amazon, as well as cryptocurrencies like Bitcoin and Ripple.
| Product | Offering |
|---|---|
| Forex | 62 |
| Cryptocurrency | 3 |
| Stocks | 52 |
| Commodities | 12 |
| Indices | 15 |
| Metals | 18 |
| Options | 30 |
What leverage trading options are there?
easyMarkets offers up to 1:30 leverage on most tradable instruments, as per EU regulations. Using leverage is a risky proposition that we do not recommend for beginners as it significantly increases the chance of losing big money. It should only be used by experienced traders and, even then, with caution.
| Product (CFDs) | Maximum leverage | Margin |
|---|---|---|
| Forex | 1:30 | 3% |
| Cryptocurrency | 1:2 | 50% |
| Stocks | 1:5 | 20% |
| Commodities | 1:10 | 10% |
| Indices | 1:20 | 5% |
| Metals | 1:20 | 5% |
| Options | None |
What are the spreads?
easyMarkets offers fixed spreads starting from 0.9 pips on major forex pairs, which is on par with industry averages. There are no other trading fees charged.
| Product | Average spread | Fixed or variable? |
|---|---|---|
| Forex | 1 pip | Fixed |
| Commodities | 3 pips | Fixed |
| Stocks | 0.35 | Fixed |
| Cryptocurrency | 2 | Fixed |
| Indices | 4 | Fixed |
| Metals | 50 | Fixed |
| Options | 0.005 | Fixed |
Fees, limits, and payment options on easyMarkets
What are the deposit and withdrawal fees, limits, and speeds?
easyMarkets offers a myriad of payment options, from the standard debit/credit card, bank transfer, and e-wallet options to several country specific for Asia and Africa.
| Payment method | Deposit | Withdraw |
|---|---|---|
| Debit/Credit card – min/max – fees – speed | Yes $100/N/A Free Instant | Yes None Free 2-3 business days |
| Bank Transfer – min/max – fees – speed | Yes $100/N/A Bank specific charges 2-3 business days | Yes $50 Free 4-5 business days |
| Neteller – min/max – fees – speed | Yes $100/N/A Free Instant | Yes None 1.45% Instant |
| Skrill – min/max – fees – speed | Yes $100/N/A Free Instant | Yes None 1% Instant |
How much are easyMarket’s fees and commissions?
easyMarkets charges fixed spreads on all trades, instead of a fixed fee, which is the most common commission type for forex and CFD brokers.
| Fee type | Fee amount | Commission |
|---|---|---|
| Forex | None | 1 pip spread |
| Commodities | None | 3 pips |
| Stocks | None | 0.35 pips |
| Cryptocurrency | None | 2 pips |
| Indices | None | 4 pips |
| Metals | None | 50 pips |
| Options | None | 0.005 pips |
easyMarkets trade sizes and limits
easyMarkets’ trade sizes start from the minimum micro lot tradable: 0.01 lot, with no maximum trade size identified.
| Product | Minimum trade | Maximum trade |
|---|---|---|
| Forex | 0.01 lot | No limit |
| Commodities | 0.01 lot | No limit |
| Stocks | 0.01 lot | No limit |
| Cryptocurrency | 0.01 lot | No limit |
| Indices | 0.01 lot | No limit |
| Metals | 0.01 lot | No limit |
| Options | 0.01 lot | No limit |
easyMarkets trading platform
What devices can I use easyMarkets on?
easyMarkets’ trading platform is available via web browser and comes in an app version, downloadable onto your iOS or Android mobile device. It can also be downloaded straight onto your desktop.
- Web browser
- Desktop
- Tablet
- iOS mobile device
- Android mobile device
Can I use easyMarkets in my country?
easyMarkets is available in 190 countries and territories worldwide, including the United Kingdom, Spain, Germany, and France. Select your country from the list below to see if it is available where you are.
Is easyMarkets available in my language?
easyMarkets currently supports a total of seven languages: English, German, Spanish, Polish, Japanese, Chinese, Arabic.
How easy is it to use easyMarkets?
easyMarkets’ sign up process is as streamlined as it can be and both trading platforms offered: MetaTrader 4 and easyMarkets Platform, provide good easy to navigate dashboards and good trading conditions.
There are multiple trading options, be it in the browser, on the PC desktop or on a mobile device. With each offering integrated analytical tools and one-click trades.
Key features
easyMarkets is an established and transparent broker, here are some of its top features:
Proprietary trading platform
The easyMarkets Web Platform was originally introduced in 2001 and was one of the first to offer tools such as deal cancellation. Since that time it has added a number of trader friendly features like guaranteed stop-losses, fixed spreads, and no deposit or withdrawal fees.
No slippage
With easyMarkets placing your trade, but having it execute at a different price is a relic of the past. With the easyMarkets platform the price requested is the one executed for your trade, as it is guaranteed with no slippage.
Fixed spreads
With fixed spreads you know your trade cost before ever placing your trade. Regardless of what the market’s liquidity or volatility is, easyMarkets spreads always remain stable allowing for predictive pricing like the kind professional traders enjoy.
Security and regulation
Is easyMarkets safe?
easyMarkets has several safety and security measures in place to benefit traders, such as negative balance protection. Meaning that you can never lose more money than you deposit in your account. There is also 128-bit encryption on all executed trades.
Am I and my funds protected?
Yes, easyMarkets holds client funds in segregated accounts at Tier-1 European banks. It also protects eligible retail clients by paying compensation in the event that it fails to reimburse funds due to financial issues.
Clients are entitled to total compensation of up to 20,000 EUR.
Is easyMarkets regulated?
Yes, easyMarkets is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and it is also fully compliant with all European Securities and Markets Authority (ESMA) regulations.
Do I have to verify my account with easyMarkets?
Yes, easyMarkets adheres closely to Know Your Customer (KYC) protocols and you need to verify your account by providing at least one piece of valid photo ID, one secondary piece of ID showing your current residential address with your name on it, such as a utility bill, and a current dated photo of yourself.
Extra information
Educational resources
easyMarkets provides an entire section dedicated to learning on its website. Here you will be able to find introductory articles if you are new to trading, ebooks on more advanced concepts such as trader psychology and risk management as well as a video discovery series, exploring multiple subjects.
Tools and charting
easyMarkets provides a wide array of trading tools regardless of which trading platform you opt to use – MetaTrader 4 or the easyMarkets Platform. Both come with integrated analytical tools, guaranteed stop loss and take profit order types, as well as a Trading Central market news and analysis hub.
Customer support
easyMarkets gives you several ways to reach out to their dedicated support team. These include live chat via their website, email, phone (with the ability to request a call back), and even via Facebook or WhatsApp messenger apps.
Our verdict
easyMarkets is a regulated, award-winning broker that has been helping traders access international markets since 2001.
Over the years, the forex and CFD broker has expanded its offering to include two trading platforms – MetaTrader 4 as well as its own proprietary easyMarkets Platform, over 200 tradable instruments across 7 asset classes and valuable trading tools and conditions, such as guaranteed stop losses and a deal cancellation tool that enables you to undo losing trades with a one, three or six hour timeframe to cancel your order if the market is moving against you.
The number of unique, educational, and market analysis resources provided are enough for even more advanced, professional traders to get something out of, while the fixed spreads offered make trading more stable and predictable, which are needed underlying conditions for profitable trading.
How to open an account with easyMarkets
- Go to the homepage and click on the “Sign Up” button at the top. Then, input your email address and create a password or choose to create an account using your Facebook or Google account credentials.
- Once you receive your verification email, click through, complete the client questionnaire, and upload your identification documentation.
- After your ID has been verified, you will be ready to deposit funds and start trading!
Who owns easyMarkets?
How does easyMarkets make money?
Do I have to pay tax on easyMarkets profits?
Does easyMarkets offer CFD trading?
How do I sell on easyMarkets?
How do I delete my easyMarkets account?
How can I short on easyMarkets?
What if I forget my account password?
Can I transfer from my easyMarkets account into my PayPal account?
What if easyMarkets closes down while I have open trades?
Can I access my full trading history on easyMarkets?
Can I pay in cryptocurrency with easyMarkets?
Does easyMarkets offer bonuses?
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Sources & references
Risk disclaimer
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
