Easy Markets Review 2020 Is Easymarkets.com Legit Or Scam

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Trusted easyMarkets Review & Test 2020

Table of Contents

Review: Regulation: Assets: Min. Spreads: Min. Deposit:
(4.5 / 5) CySEC, ASIC 200+ Starting 0.9 pips fixed $100

Traders seek for an honest CFD Broker that offers uncomplicated trading. easyMarkets claims to offer simple trading, honesty, and transparency to its clients. How serious and dedicated is easyMarkets with its core values? Is this CFD Broker legit and trust-worthy? In this review, we will find out together if easyMarkets stands to its core concepts with online trading.

easyMarkets Official Website

What is easyMarkets? – Company presented

easyMarkets is an online broker that dedicates itself with its core as a simple and honest broker. The firm was founded in 2001 and offers more than 200 tradable assets with its competitive platforms. It provides a variety of selection for trading FX, CFDs, shares, commodities, cryptocurrencies, and indices. The brand was founded on the idea of democratizing trading and with the value of transparent trading experience. The platforms of easyMarkets were developed into user-friendly platforms as possible while ensuring that it is still powerful and versatile enough for experienced traders.

In the beginning, the firm started accepting initial deposits from $25 and only offered Forex to trade at the time, until it grew to a company that it is now. Over the years, easyMarkets expanded their trading options and CFD offerings to include global indices, energy, metals and more. in 2020, the name of the company was changed from easy-forex to easyMarkets.

Facts about easyMarkets:

  • Founded in 2001
  • Regulated and authorized
  • A global trading platform
  • Offers 200+ global markets
  • Offers transparent trading experience
  • Offers user-friendly yet powerful and versatile platforms
  • Offers investment with Forex and CFDs

(Risk warning: 74% of private investor accounts lose when trading CFDs)

Is easyMarketsregulated? – Regulation and safety for customers

Before trading with an online broker, you should make sure that the broker you are trading with is a regulated one. This is very important due to the fact that this regulation is the protection of your investments and as well as your guide as knowing if the broker is legit and not a scam. In order to attain certain authorization and license, the broker must meet criteria that prove its authenticity as a broker.

easyMarkets Regulation and Security

easyMarkets is regulated by CySEC (Cyprus Securities and Exchange Commission) with License Number 079/07 and ASIC (Australian Securities and Investment Commission) with License No. 246566. Also, it is fully compliant with all ESMA regulations. As the firm was founded on the core concepts of transparency and honesty, the regulations, policies, and disclaimers are in place to ensure clients’ funds and transactions are secured and protected under the EU regulator. This broker has always remained a transparent, trusted and regulated financial service provider.

easyMarkets is regulated by the following:

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Financial Security for traders

Securing funds and investments are very important to any trader in online trading. easyMarkets have financial security programs to protect its 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.

easyMarkets Financial Security

The firm is dedicated to protecting its clients and has stated that easyMarkets regularly identifies, assesses and controls every risk associated with its operations. With this said, the broker has implemented a Secured Socket Layer (SSL) which protects the website and its platforms against cyber attacks. All transmitted data are encrypted.

Also, easyMarkets has negative balance protection that ensures the customer’s account will never go below zero. This protection offered by easyMarkets serves as a standard feature at no additional cost since 2001.

Summary of the regulation and financial security:

  • Clients funds kept in segregated top tier banks
  • Funds are separated from company’s funds
  • All transmitted data in the website and platforms are encrypted
  • Offers capital adequacy
  • Offers Negative Balance Protection
  • Free Guaranteed Stop Loss
  • Fixed Spreads are available

Review of the trading conditions for traders

Honesty as one of the core concepts of easyMarkets, it has dedicated its excellence to its traders. The firm offers $100 as a minimum initial deposit for a standard account and fixed spreads. As part as well of its core values, easyMarkets commit to giving its clients simple and transparent trading experience. The firm has developed its platforms and trading tool as simple and user-friendly, yet powerful instruments to any type of trader. The firm offers 200+ global markets and provides a variety of selection for trading FX, CFDs, shares, commodities, cryptocurrencies, and indices for traders to trade. The maximum leverage is 1:400 for all account types (international traders) and 1:30 for EU/UK traders.

Sample FX and CFD Spreads of easyMarkets

easyMarkets have gathered 37 international awards for the past years of its excellence. This broker has been recognized this year as the ‘Best Forex Broker’ in 2020 The Forex Expo Dubai. Also, it was named ‘Most Innovative Broker’ in the year 2020 during World Finance Markets Awards. And in the same year, it was named as ‘Best APAC Region Broker by ADVFN International Financial Awards. In 2020, it was named as ‘Most Transparent Broker’ by Forex-Awards and ‘Best Forex Service Provider in FXWorld. To know more about the awards easyMarkets won, you can visit their official website and go to the ‘Awards’ section on their homepage.

easyMarkets has 37 International Awards gathered

With these awards, we can say that easyMarkets is living up to their core values as simple, honest and transparent broker that gives good service to their traders.

Facts about the conditions for traders:

  • Minimum initial deposit is $100
  • No slippage and fast execution
  • Negative Balance Protection
  • Guaranteed Stop Loss
  • Fixed Spreads
  • No Hidden Fees
  • Simple and Transparent Trading Experience
  • 200+ Global Markets
  • Tools for beginners & expert traders
  • Trade on web, mobile app or MT4

(Risk warning: 74% of private investor accounts lose when trading CFDs)

Test of the easyMarkets Trading Platforms

The platforms of easyMarkets were developed into user-friendly platforms as possible while ensuring that it is still powerful and versatile enough for experienced traders. easyMarkets offers platforms for web, desktop, and mobile trading. This platform is well-developed and promotes simple trading as the core concept of the broker’s brand.

easyMarkets offers the following platforms:

  • easyMarket Platform
  • easyMarket Mobile App
  • Metatrader 4
  • Vanilla Options

easyMarkets Platform

easyMarkets platform is simple and versatile. It is user-friendly and can suit any type of trader in any skill level. It has a lot of features for experienced traders yet friendly to use for new clients. Also, traders receive easyMarkets free guaranteed stop loss, no slippage, fixed spreads and no funding or withdrawal fees. It has powerful and well-developed tools for daily trading.

The easyMarkets Web platform is a powerful platform that does not require downloading of the software. With this platform, traders can access all listed assets easily. It runs on all operating systems with 81 technical indicators and other analytical tools. Also, it gives several drawing tools for analysis. It caters to News Headline and Financial Calendar, which are important ingredients for fundamental analysis.

easyMarkets Trading Platforms

easyMarkets Mobile App

easyMarkets have also developed mobile app trading platform so traders can trade anywhere and anytime they want. This platform is called easyMarkets Mobile App. It is accessible, simple, intuitive, and powerful on iOS or Android devices. It gives traders access to markets everywhere whenever connected to the internet. This platform enables clients to access market news and live prices without leaving the app. It embodies powerful tools in your day to day trading. It has analytical tools such as technical indicators and charts and you can monitor your account in real-time in the palm of your hand. This app is available for download in AppStore for iOS and GooglePlay for Android devices.

easyMarkets Mobile App

easyMarkets MetaTrader 4 (MT4)

MetaTrader 4 is a popular trading platform amongst traders and easyMarkets included this powerful platform in their list. 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 MetaTrader 4 Platform

It has pre-installed indicators and analysis tools. Traders are able to customize and create trading templates or choose from pre-designed templates. easy Markets MetaTrader 4 (MT4) has 80+ markets including currencies, metals, commodities, indices, and cryptocurrencies. It has fixed spreads for price transparency and all expert advisors are allowed. Also, no matter what type of order you place, easyMarkets guarantees no dealer intervention.

easyMarkets Vanilla Options

easyMarkets Vanilla Options is a unique trading platform that lets traders explore trading in a completely new and exciting way. easyMarkets have developed its independent vanilla options platform which is designed to be user-friendly and promotes simplicity in trading as its core concept of the company. Vanilla Options are a popular financial product. It is used by institutional traders to hedge against volatility but also for long term trading. This platform is simple, yet allowing to quickly access easyMarkets CFD and easyTrade platform. It has powerful tools and will give you an exciting trading experience.

easyMarkets Vanilla Options

Facts about easyMarkets platforms:

  • Powerful and well-developed platforms
  • Simple and User-friendly
  • Offers Mobile Trading
  • Has Analytical tools – Technical indicators, Charts
  • Monitor account in real time
  • Able to create custom trading templates or choose from predesigned templates
  • Multiple order types including Market Orders and Pending Orders
  • Has pre-installed Indicators and analysis tools
  • One-Click Trading
  • MT4 has over 20 Years historical data so you can back-test your Expert Advisors

Professional Charting and Analysis is possible

easyMarkets has analytical tools – technical indicators and charts. These tools are very important in getting better trades. Charting helps you identify the movement of the markets. The trend and volatility of the markets are very significant because it determines the success of your next move. When volatility is high, it means that a value can potentially be spread out over a larger range of values and the price of the value can change intensely over a short time period in either direction.

Another important thing to know is how does technical analysis works and helps you with your trades. A technical indicator is a mathematical calculation based on historic price, volume, or open interest information. This tool aims to forecast the financial market direction. With that said, it helps you know which movement to take next in order to get a plus.

easyMarkets platforms offer both of these analytical tools. Professional charting and technical analysis is possible and made simple. As one of the core values of easyMarkets, it commits to making trading simple and honest to its clients.

Review of the Mobile Trading (App) by easyMarkets

easyMarkets Mobile Trading Platform gives traders access to markets everywhere whenever connected to the internet in the palm of their hand. This mobile app trading platform was developed by easyMarkets so traders can trade anywhere and anytime they want. It is accessible, simple, intuitive, and powerful on iOS or Android devices. This platform enables clients to access market news and live prices without leaving the app.

It embodies powerful tools in your day to day trading. This platform is user-friendly and powerful. It has analytical tools such as technical indicators and charts and you can monitor your account in real-time in the palm of your hand. This app is available for download in AppStore for iOS and GooglePlay for Android devices.

easyMarkets Mobile Trading App

Features of App:

  • Search and select instruments
  • Access to Market News
  • On-the-go trading insights
  • User-Friendly
  • Has analytical tools such as technical indicators and charts
  • Advanced Trading Tools
  • Free Demo Account
  • Risk Management Tools
  • Customer Support

How does easyMarkets Trading work? – Step by step tutorial

Trend and volatility of the markets are the things you need to know in order to determine your next steps in trading. In order to know this, you need to keep track of the movements of the markets you wish to trade on. Whenever volatility is high, a value can potentially be spread out over a larger range of values. The price of the value can change massively over a short period of time in either direction.

In trading, first, you need to choose a market you would like to trade on. Choose an asset on the platform, then select the size of the right position for your account. Once done, open the order mask and customize your position. Invest in rising or falling markets in selecting either buy or sell to open a position.

easyMarkets ordermask to open a position in the MetaTrader 4

Market Orders are the most straight forward type of order. This opens a trade where you either place buy or sell orders at the current market price. While Pending Orders is a type of order that allows you to buy or sell at a pre-determined price in the future. This can be ‘Buy Stop’, ‘Sell Stop’, ‘Buy Limit’, and/or ‘Sell Limit’.

When you select ‘Buy Stop’, you should set the price you would like your position to open at. This type of order can be used when the current price is lower than the value you set. When traders think the price will reach a certain level and continue increasing, they usually use this.

‘Sell Stop’ allows you to open a position at a predetermined price level. It is much alike with ‘Buy Stop’, however, the difference is the current price is higher than the value set. This one is usually used by traders that assume the price will reach a level and continue falling.

When the trader’s instrument’s price reaches the level set, a buy order will be performed, and this is called ‘Buy Limit’. It is used when the price is falling, and it is assumed that will reach a price and increase.

‘Sell Limit’ opens a sell order when the instrument’s price reaches the level set. When the price is assumed will reach a level after increasing and then reverse and drop.

easyMarkets Buy Stop, By Limit, Sell Limit, and Sell Stop

Step by step trading tutorial:

  1. Choose the market you wish to trade on
  2. Choose any asset on the platform
  3. Select the size of the right position for your account
  4. Open the order mask and customize your position
  5. Invest in rising or falling markets in selecting either buy or sell to open a position

Special features of the trading platform of easyMarkets:

easyMarkets offers some unique features for traders who want to succeed. They are developed by the broker and outstanding. With the “deal cancellation”, you can undo losing trades within an hour for a small fee. This is a good opportunity for traders who are trading news events. Protect you against high volatility with this tool.

easyMarkets Deal Cancellation

Another interesting tool is the “freeze rate”. You can freeze the price for 3 seconds. It can be helpful by trading market news or get the exact execution.

easyMarkets Freeze Rate

Special tools by easyMarkets:

  • Deal Cancellation (Cancel lost deals within an hour)
  • Freeze Rate (Freeze the price for 3 seconds)

(Risk warning: 74% of private investor accounts lose when trading CFDs)

Open your free Demo Account with easyMarkets

easyMarkets was founded with the goal of making trading simple and this is also the same in opening an account with them. You can open a free Demo Account or a Live Account. All you have to do is to Sign Up on their official website (https://www.easymarkets.com/eu/) and put in your email and create a password. You can also Sign Up using Google or your Facebook account. We strongly recommend first to use a Demo Account before going live in trading. The risk is very high when you trade and this is important to be aware of. You must first know what strategies you’ll be using and for you as well to be comfortable in the platform you will be using to avoid unwanted trades execution.

Register a free demo account with easyMarkets

Account types with easyMarkets

Creating an account with easyMarkets is simple, fast and easy. The firm offers three types of accounts namely: Demo Account, Live Account, and Professional Level Account.

easyMarkets offers the following account types:

  • Demo Account
  • Live Account
  • Professional Level Account

Live Account

easyMarkets Live Account is used to do live trades with real money involved. Signing up is also the same as signing up for a demo account. It is simple, easy, and fast. Register an email and create a password, or if you would like to use a social media channel, you can use your Google Account or Facebook Account in signing up with easyMarkets. The minimum initial deposit required is $100 for a standard account.

Register a Live Account with easyMarkets

As mentioned above, trading requires high risks. The firm has a risk disclaimer that states: “CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money”. We recommend you to practice your trading skills first before going live.

Professional Level Account

easyMarkets Professional Level Account is an account for experienced and most demanding professional traders. You can avail of this account only if you pass the requirements of easyMarkets for eligibility. This account unlocks most restrictions placed on retail level accounts.

Check if you are eligible for easyMarkets Professional Level Account

In order to get this account, traders must meet at least two of the following requirements:

1) You must have carried out transactions, of significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters. 2) Your financial portfolio including deposits must exceed €500,000. 3) You have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services.

Review of the deposit and withdrawal

Depositing and withdrawing from easyMarkets is indeed simple and easy. It offers its clients multiple ways to deposit and withdraw funds including bank transfer, credit, debit, online cards and a selection of eWallets. The firm also doesn’t charge any fees for funding or withdrawing from your account. The minimum initial deposit is $25 and commits to its core concept of honesty by being transparent to its clients with no hidden fees.

easyMarkets Payment Information

Deposits can be instant on the trading platform with electronic methods. In addition, the withdrawals can be up to 1 – 3 working days. It depends on your payment method.

Payment Methods that can be used:

  • Bank transfer / Bank Wire
  • Credit Cards (Visa, MasterCard)
  • Skrill
  • Neteller
  • UniPay
  • fasapay
  • Alipay
  • Sofort
  • BPay
  • giropay

(Risk warning: 74% of private investor accounts lose when trading CFDs)

The support and service of easyMarkets

There are several ways in order to reach easyMarkets customer service and support. The firm can be reached by phone, various chat channels, email, and web forms. The support desk operates 24/5 and has different language support. easyMarkets core value is to simplify trading and its customer support and service is one-factor proof that it is easy and simple to reach their support team.

easyMarkets offers assistance in different chat channels. You can reach their support through Facebook Messenger, WhatsApp, Viber, and Live Chat on their website. It is really convenient and we can say that it is easy to get in touch with easyMarkets’ support team with these chat options.

easyMarkets can be reached through Facebook Messenger, WhatsApp, Viber, and Live Chat

You can also send a request in order to be assisted via email and it is very easy. You just need to fill in your name, email and place your message on the form from their website and an agent will respond to the request by email. Emails are [email protected] and [email protected].

easyMarkets can be reached through email

Also, easyMarkets have educational materials such as video lessons, eBooks and articles on their official website in the Learn Centre section (https://www.easymarkets.com/eu/learn-centre/). These materials are here to help you with your trading journey. We can say that this is assistance any aspiring traders need. These also compose of basic information about any trader needs.

easyMarkets offers educational materials

Facts about the support:

  • Offers support in different languages
  • Customer service is 24/5
  • Phone Support
  • Various Chat Channel (including FB Messenger, WhatsApp, and Viber)
  • Live Chat Support
  • Has online web query forms
  • Email Support
  • Online support center with some FAQs
  • Offers video lessons, eBooks and articles (Learn Centre)

Fees and costs for traders

easyMarkets does not charge any fees for funding or withdrawing from your account. The minimum initial deposit is $100 and has fixed spreads. The firm promotes its core value of honesty and commits to no hidden charges. You can open a Demo Account or Live Account with easyMarkets at no cost.

easyMarkets offers fixed spreads

The fixed spreads are a very big advantage against other CFD Brokers because you exactly know which amount of fee you have to pay. The spreads are starting from 0.9 pips in the EUR/USD. They are depending on the market you trade. For more knowledge, you can read the asset information on the homepage. In addition, for longterm traders, there is an overnight fee (Swap) because the trading positions are leveraged. The fee is depending on the asset/market and position size.

Fees of easyMarkets:

  • Minimum initial deposit is $100
  • Fixed spreads starting at 0.9 pips in the EUR/USD
  • Overnight fees (Swap) for leveraged positions
  • No hidden fees
  • Does not charge any fees for deposits and withdrawals

Is easyMarkets legit or a scam? – Conclusion of the review

easyMarkets offers more than 200 tradable assets with its competitive platforms. It provides a variety of selection for trading FX, CFDs, shares, commodities, cryptocurrencies, and indices. The brand was founded on the idea of democratizing trading and with the value of transparent trading experience. The company has developed its tools and platforms into simple and user-friendly yet powerful instruments for any type of trader.

As the firm was founded on the core concepts of transparency and honesty, the regulations, policies, and disclaimers are in place to ensure clients’ funds and transactions are secured and protected under the EU regulator. It is regulated by CySEC (Cyprus Securities and Exchange Commission) with License Number 079/07 and ASIC (Australian Securities and Investment Commission) with License No. 246566. We can say, that this CFD Broker has always remained transparent, trusted and regulated financial service provider.

The brand has gathered 37 international awards and some of it named it “Most Transparent Broker”. easyMarkets has been standing on its core values of simple, honest and transparent CFD Broker and we can definitely say that it is a legit, trusted and reliable broker.

Advantages of easyMarkets:

  • Regulated and Authorized
  • Has interactive user interface
  • Simple and user-friendly, yet powerful Platforms
  • Advanced Trading Tools
  • Transparent and Honest trading experience
  • 200+ global markets
  • Fixed Spreads
  • Quality support and services
  • 24/5 customer support
  • several support channels
  • Offers mobile trading
  • Offers free demo account

Disadvantages:

  • Does not accept US Clients

easyMarkets is a secure CFD Broker for any trader who wants to trade with good trading conditions. The fixed spreads are the biggest advantage. (4.5 / 5)

easyMarkets Review – Are They a Scam?

easyMarkets Overview
Founded 2001
Platform easyMarkets Platform, easyMarkets MT4
Minimum account size $100
Minimum lot size 0.01
Tradable assets 200+
Maximum margin 1:200 (1:30 for EU clients)
Spread on EUR/USD 0.00018 pips
Payment methods Credit/Debit Cards, Bank Transfer, WeChatPay, SoFortüberweisung, American Express, Giropay, Ideal, Maestro, JCB, China Union Pay, Skrill, Neteller, Webmoney, Yemadai
Demo account Yes
Accepts US traders No
Regulated ASIC (Australia), CySEC (Cyprus)
Support Email, Phone, Fax, Live Chat
Website www.easymarkets.com

Pros

  • Regulated
  • Up to $2,000 bonus (not available in EU countries)
  • Over 200 tradable assets
  • No slippages or requotes
  • Unique dealCancellation tool

Cons

  • Trading simulator valid for 8 days only but if you sign-up, you’ll get access to a lifetime demo account

easyMarkets was founded in 2001 and has offices in across the globe including Warsaw, Sydney, Limassol and Shanghai. They are regulated by the Australian Securities and Investments Commission and the Cyprus Securities and Exchange Commission.

Platform

It has two main platforms which you have the option to choose from based on your preferences. The proprietary easyMarkets Platform allows you to trade currencies using any computer from just about anywhere. It also features a dealCancellation which is a risk-free tool that can be efficiently used to shield your account and get your investments back should the market moves against you. They also have the standard MT4 that comes with pre-installed indicators, auto trading and multiple order types. You can also use install their mobile apps and practically do the same tasks directly on your mobile device. The platform also has guaranteed stop loss and take profit features. This means that you won’t experience any slippage even during volatile times as the price at which you executed an order will always match the price at which you made the order. With these options and features, they earned a Platform score of 8/10.

Design

Design-wise, easyMarkets incorporated a simplified theme to make it easier for browsing the interface so there’s no chance that you’d get lost because the menus are very easy to understand. It’s easy to keep track of the open positions, analyze the charts and access everything from the well-structured main menu. The layout may be basic but it’s way better than the overly designed platforms out there and for that they received a Design score of 4/5.

Minimum Deposit

They require $100 for an initial deposit which is at par with the market standards and offer bonuses of up to $2,000. Such affordability with perks earns a minimum deposit score of 4/5.

Minimum Lot Size

If you’re the type of person who wants to trade with just a small lot size then it’s a good thing that the allowed minimum with this broker is 0.01. In this way the risks are much lower and proper fund management can be applied. This warrants a Minimum Trade Score of 4/5.

Tradable Assets

You will have the liberty to trade over 200 products. They have CFDs, forex, metals, commodities, indices and options. They have also added popular cryptocurrencies on their platform and this includes Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). This variety surely deserves a Tradable assets score of 4/5.

Payouts

Another advantage of this broker is that they offer fixed spreads which means the pip value doesn’t change whatever the status of the market is. For the EUR/USD currency pair, the spread is just 0.00018 pips so you can get a better outcome since the costs are lower. For this reason, this broker receives a Payouts score of 10/10.

Withdrawal Time

The good news is that they don’t charge any fees on withdrawals and the processing of withdrawal requests only takes within 1 business day or 24 hours to complete with additional few more days for the funds to reflect on the chosen banking method. Overall, we were able to get the money back within one week and this is quite fast! This definitely justifies our decision to give them a Withdrawal Time score of 10/10.

Deposit and Withdrawal Methods

Banking is not a problem with this broker because they accept transactions via credit or debit cards, Bank transfer, WeChatPay, SoFortüberweisung, American Express, Giropay, Ideal, Maestro, JCB, China Union Pay, Skrill, Neteller, Webmoney and Yemadai. This kind of convenience is the reason they were rated with a Deposit and Withdrawal Methods score of 5/5.

Customer Support

This international broker has global offices and support centers so it’s easy to get in touch with their customer service team for questions, issues and other concerns. We had the opportunity to test out their phone and live chat support features and were able to get an agent on the line in just a few seconds. In terms of support customer service quality, we were very impressed on how professional and accommodating they are with any of our concerns which is why they notched a Support score of 13/15.

Quoting Accuracy

One of the strongest advantages of this broker is that their platforms are not prone to requotes or slippages. This is good news for those who trade on fast-moving markets that would require them to have access to real-time data. That being said, this broker got a high Quote Accuracy Score of 10/10.

Reputation

This brokerage which was previously known as easy-forex has been in the business since 2001 and they are licensed by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These facts alone prove that they are a stable company so there’s definitely no question when it comes to their credibility. Add to that the numerous positive feedbacks from various traders across the globe. This kind of brand reliability earns a Reputation score of 15/20.

easyMarkets Review

easyMarkets is an established Forex & Crypto broker founded in 2001. They are licensed and regulated by CySEC in Europe and ASIC in Australia.

Official address is: P.O. Box 53742, Limassol 3317 Cyprus. Contact phone number in Australia is: +1300 303 908. Customer support email address is: [email protected]

easyMarkets Review

Investors at easyMarkets are given access to a very easy to use web based trading platform, along with the standard MT4 trading platform. Mobile trading apps for Android & iOS are available.

You will have access to a wide variety of underlying assets to trade including; Crypto Currency pairs, Forex pairs, Commodities (oil, gold silver), Stocks, Indices and Vanilla Options. Fixed spread on Bitcoin trading is now at $60.

Two account types are available, the standard account and a VIP account. Minimum deposit for a standard trading account is $100, and for a VIP account the minimum is $2,500. The main difference in the VIP account is; spreads, signals, and withdrawal processing times.

You can create a free demo trading account to test out their platforms features, see here.

Is easyMarkets a licensed 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.

  • In Europe they are licensed as Easy Forex Trading Ltd with CySEC license number 079/07.
  • In Australia they are licensed as Easy Markets PTY Ltd, with AFSL license number 246566.
  • EF Worldwide Ltd is located at: Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands

A CySEC licensed broker can offer Forex brokerage accounts to all EU member countries that are members of MiFID. Additionally, they are a member of the Investors Compensation Fund which means your account has protection of up to 20,000 euro in the event that the broker becomes insolvent.

Compare Forex Brokers

There are many Forex brokers to compare and choose from online. The main reason that traders choose to go with a licensed Forex broker, instead of a scam Forex broker is because they are interested in trading, and not worrying about a broker becoming insolvent.

ForTrade is a global Forex broker, the is licensed by ASIC & the FCA, see here. Their trading platform is very versatile and easy for new investors. Try a Free Demo Account, signup here.

Pepperstone is a popular Australian licensed Forex broker. They offer a variety of trading platforms like MT4 and cTrader, see here.

Go try a Free Demo Account, signup here.

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