Table of Contents
- easyMarkets REVIEW
Is easyMarkets one of the best Australian Forex Brokers? We conducted an in-depth review in March 2019 to find out the answer and bring it to you!
Another complete and unbiased Review from Engine Forex
easyMarkets was founded on the idea of democratising trading. It was initially established as Easy-forex in 2001 but has undergone a rebranding to easyMarkets in the year 2016.
Their headquarter is located in Limassol, Cyprus and the firm holds further international offices in Sydney, Australia as well as Majuro, on the Marshall Islands.
easyMarkets managed to democratise trading, make it accessible and more accessible to all types of clientele. They were the first “to offer a true online trading platform where traders could not lose more than what they invested”.
easyMarkets - Overview
- Max Leverage400:1
- Min Deposit$100
- SpreadFrom 1.8 Pips
- Cuts out Dealing DeskNo
Methods of deposit and offers
- Deposit / Withdraw
- Welcome offerUp to 20% 1st deposit bonus
- Rebates Engine ForexComing soon!
SECURITY, MARGINS AND TECHNOLOGY
SECURITY AT easyMarkets
- ASIC & CySEC licensed & regulated
- High-level web security
- Top-notch risk management tools
easyMarkets is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and holds further licenses by MiFid in Europe.
All clients’ funds are kept separate from the company’s and are securely stored in segregated trust accounts. The company guarantees that client funds are never used for operational or investment purposes and further offers their clients negative balance protection.
easyMarkets’ proprietary trading platform features top-notch risk management tools and applications such as deal cancellation, Freeze Rate and Free Guaranteed Stop Loss and Take Profit, which influenced the Forex industry as a whole and helped to protect customers and their funds in new ways.
CHARGES AND MARGINS AT EasyMarkets
- Two platform to choose from
- Fixed spreads from 1.8 pips
- Up to 400:1 leverage
easyMarkets is keeping it simple when it comes to trading accounts: there is only one option available but two platforms: easyMarkets own proprietary trading platform and the classic and world’s favourite MetaTrader 4.
The minimum deposit requirement is set to $100, and there are no minimum requirements for withdrawals (only for withdrawals to bank accounts a minimum of $50 is needed).
Clients can select from more than 200 financial instruments of six asset classes in total, with more than 90 currency pairs, 22 metals, 12 commodities, 15 stock indices, 28 options and 3 cryptocurrencies (BTC, ETH and XRP).
Leverage can be set as high as 400:1 for most Forex pairs and the most popular metals. Leverage on commodities and indices is varying depending on the asset with a maximum of 100:1. Cryptocurrencies can be leveraged 10:1 except Bitcoin, where the leverage of up to 20:1 can be applied.
Spreads start at 1.8 Pips (for example on the favourite EUR/USD pair and AUD/USD). No commissions are charged – the spreads include the fees.
- Solid trade execution
- MT4 & easyMarkets platforms
- NDD or STP
Since their beginnings, in the year 2001 easyMarkets has been focussed on offering cutting-edge and innovative products, tools and services to their clients.
Regarding trading platforms, traders have the choice between easyMarkets’ very own proprietary platform that offers unique tools and features and impresses by its ultra-user-friendly functionality and the Forex industry’s favourite MetaTrader 4.
The easyMarkets’ platform is available as an App for both Android and iOS devices, as well as a web platform. The platform packed with stand-out, integrated analytical tools such as deal cancellation, Freeze Rate and Free Guaranteed Stop Loss and Take Profit.
MT4 is also available on most common devices and as a web terminal. It offers one-click-trading, pre-installed indicators and analysis tools, multiple order types and the support of EAs (Expert Advisors).
Execution of Speed Comparison
CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES
AN OVERVIEW OF EasyMarkets CUSTOMER SERVICE AND CLIENTS
- 24/7 customer support
- 200+ financial instruments
easyMarkets customers have access to award-winning 24/7 support via telephone, live chat, Facebook Messenger, Viber and email.
easyMarkets operates on a very simple yet profound credo: “Simply honest”. They pride themselves in being one of only a few online Forex brokers that genuinely offer full transparency and a straightforward and honest approach in everything they do and offer.
Overall more than 200 financial instruments of six asset classes are accessible with more than 90 currency pairs, 22 metals, 12 commodities, 15 stock indices, 28 options and 3 cryptocurrencies (BTC, ETH and XRP).
Clients can take advantage of a sign-up promotion that either gives 20% or up to a $2000 tradable bonus based on the first deposit.
VIP clients gain access to specific benefits and innovative trading conditions with EasyMarkets. Tighter fixed spreads, a full suite of real-time technical analysis tools and access to a personal VIP market analyst are granted to VIP clients that deposit a minimum of $10,000.
All traders can further access easyMarkets’ unique “Learn Centre” that provides a large selection of educational material such as webinars, tutorials, videos, eBooks a decent FAQ section and more!
Market news, live currency rates, a financial calendar, etc. are all available within easyMarkets’ website.
FOREX AND OTHER TRADING OPTIONS AT EasyMarkets
- 90+ currency pairs & 3 cryptos
- 22 metals
- 12 commodities & 28 options
- 15 indices CFDs
easyMarkets offers more than 200 financial instruments of six asset classes in total, with more than 90 currency pairs, 22 metals, 12 commodities, 15 stock indices, 28 options and 3 cryptocurrencies (BTC, ETH and XRP).
Traders can choose to trade on the options mentioned above including some of the world’s top markets such as the Australian S&P 200 Index, UK FTSE 100 Index, Dow Jones 30, Germany’s DAX 30, Japans Nikkei 225 or Euro Stoxx 50.
At this stage, the top three cryptocurrencies can be traded with easyMarkets: Bitcoin, Ethereum and Ripple’s XRP.
easyMarkets offers leverage up to 400:1, micro-lot trading starting from 0.01 lots and tight, fixed spreads from 1.8 Pips. The minimum deposit requirement is set to $100.
SPECIAL FEATURES OF easyMarkets
- Popular MT4 & own proprietary easyMarkets platform
- Fast execution speeds
- Tight spreads starting from 1.8 pips
- Innovative technology & RM tools
easyMarkets offers tight, fixed spreads starting from 1.8 Pips (for example on the favourite EUR/USD pair and AUD/USD) and high leverage of up to 400:1.
More than 200 tradable financial instruments of six asset classes.
Cryptocurrency trading featuring Bitcoin, Ethereum and Ripple’s XRP.
Top-notch, innovative technology, solid order execution and a stable trading environment are given.
Most trading styles, such as Expert Advisors (EAs), scalping and hedging are allowed.
easyMarkets’ proprietary platform, as well as Metatrader4, are available as trading platforms.
Stand-out, integrated and unique analytical tools such as deal cancellation, Freeze Rate and Free Guaranteed Stop Loss and Take Profit are available on the easyMarkets platform.
Max Leverage Comparison
easyMarkets is a multi-award-winning broker with many stand-out attributes and features. Their very own proprietary easyMarkets platform is jam-packed with innovation, tools and features that can be utilised by any type of trader.
Their excellent customer service and overall offering makes them one of the best brokers available out there on the market.