easyMarkets Review

easyMarkets Overview

Founded 2001
Platform easyMarkets Platform, easyMarkets MT4
Minimum account size $100
Minimum lot size 0.01
Tradable assets 300+
Maximum margin 1:400
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

 

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Pros

  • Regulated
  • Up to $2,000 bonus (not available in EU countries)
  • Over 300 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. 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.

easyMarkets platform

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 300 products on their platform and this includes CFDs, forex, metals, commodities, indices and options. This variety surely deserves a Tradable assets score of 5/5.

easyMarkets assets

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 2 days 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 9/10.

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.

easyMarkets deposit

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.

easyMarkets support

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 reputation
easyMarkets reputation
easyMarkets reputation

Conclusion

easyMarkets provides a powerful set of platforms that come with a lot of valuable perks and trading opportunities. The dealCancellation feature is a one of a kind tool to reverse your losses while its regulation from the CySEC and ASIC can give you a great deal of peace of mind knowing that your funds are in good hands. It would be wise to go trading with this forex broker.

Final Score: 87/100

 
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