Easymarkets

Overview

EasyMarkets is a well-established forex broker that has been operating in the online trading space for several years. It offers a user-friendly platform suitable for both beginners and experienced traders, providing access to a wide range of financial instruments. The broker is known for its innovative features and commitment to providing a secure trading environment.

Regulation & Safety

EasyMarkets is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). These regulatory bodies ensure that the broker adheres to strict guidelines, providing a level of safety for clients' funds. EasyMarkets implements negative balance protection, ensuring that traders cannot lose more than their deposited amount.

Trading Platforms

EasyMarkets offers a proprietary web-based platform alongside the popular MetaTrader 4 (MT4) platform. The web platform is intuitive and easy to navigate, providing essential trading tools and resources for traders. The MT4 platform is highly customizable, offering advanced charting tools and automated trading capabilities.

Account Types

EasyMarkets provides several account types to cater to different trading preferences. The primary account types include the standard account, which requires a minimum deposit of $100, and a VIP account for more experienced traders who require additional features and benefits.

Spreads & Fees

EasyMarkets offers competitive spreads that start from 0.7 pips, depending on the account type and market conditions. The broker does not charge commissions on trades, making it an attractive option for traders looking to minimize costs. However, there may be some inactivity fees after a certain period of inactivity.

Instruments & Markets

EasyMarkets provides access to a diverse range of financial instruments, including forex, commodities, indices, and cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of different market conditions. The broker also offers options trading, which is a unique feature among many forex brokers.

Customer Support

EasyMarkets prides itself on its customer support, offering assistance via live chat, email, and phone. The support team is available 24/5, ensuring that traders can receive help whenever they need it. Additionally, the broker provides an extensive FAQ section on its website to address common inquiries.

Deposit & Withdrawal

Deposits at EasyMarkets can be made via various methods, including credit/debit cards, bank transfers, and e-wallets. The minimum deposit requirement is $100, which is relatively low compared to other brokers. Withdrawals are processed efficiently, with most methods taking 1-3 business days to complete.

Educational Resources

EasyMarkets offers a range of educational resources to help traders improve their skills and knowledge. These resources include webinars, eBooks, and market analysis. The broker's commitment to education is beneficial for novice traders looking to enhance their trading strategies.

Final Verdict

Overall, EasyMarkets is a solid choice for traders seeking a reliable and user-friendly forex broker. With its robust regulatory framework, competitive spreads, and innovative trading platforms, it caters to a wide range of trading needs. While there are some minor drawbacks, such as inactivity fees and limited advanced trading tools, the advantages outweigh the disadvantages, making it a commendable option in the forex trading landscape.