easyMarkets review and broker test – Is it a scam or not?

Review:Regulation:Assets:Min. Spreads:Min. Deposit:
4.5 out of 5 stars (4.5 / 5)CySEC, ASIC200+Starting 0.9 pips fixed$100
easyMarkets Logo

Traders seek an honest online 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 broker legit and trustworthy? In this review, we will find out together if easyMarkets stands to its core concepts with online trading.

easyMarkets Official Website
easyMarkets Official Website

What is easyMarkets? – The company presented

easyMarkets is an online broker that dedicates itself to its core like 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 selections for trading  FX, CFDs, shares, commodities, cryptocurrencies, and indices. The brand was founded on the idea of democratizing trading and with the value of a transparent trading experience. The platforms of easyMarkets were developed into as 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 the company that it is now. Over the years, easyMarkets expanded its trading options and CFD offerings to include global indices, energy, metals, and more. in 2016, 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

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
1. Capital.com
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 78.1% of retail CFD accounts lose money)

Review of the trading conditions for traders

Honesty is 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 a simple and transparent trading experience. The firm has developed its platforms and trading tool as simple and user-friendly, yet powerful instruments for any type of trader. The firm offers 200+ global markets and provides a variety of selections 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
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 2019 The Forex Expo Dubai. Also, it was named ‘Most Innovative Broker’ in the year 2018 during World Finance Markets Awards. And in the same year, it was named as ‘Best APAC Region Broker by ADVFN International Financial Awards. In 2017, 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 Awards
easyMarkets has 37 International Awards gathered

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

Facts about the conditions for traders:

  • The 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 the web, mobile app or MT4

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Test of the easyMarkets trading platforms

The platforms of easyMarkets were developed into as 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:

  • easyMarkets Platform
  • easyMarkets 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 at any skill level. It has a lot of features for experienced traders yet is 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 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 Platforms
easyMarkets Platforms

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

easyMarkets Mobile App

easyMarkets have also developed a 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 Trading App
easyMarkets Mobile Trading 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
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.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

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 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 allows to quickly access easyMarkets CFD and easyTrade platform. It has powerful tools and will give you an exciting trading experience.

easyMarkets Vanilla Options
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 pre-designed 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 of historical data so you can back-test your Expert Advisors

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

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.

easyMarkets Charting
easyMarkets Charting

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.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

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
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
easyMarkets ordermask to open a position in the MetaTrader 4

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Market Orders are the most straightforward 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 to ‘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 it 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
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 an 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
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
easyMarkets Freeze Rate

Special tools by easyMarkets: 

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

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
1. Capital.com
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 78.1% of retail CFD accounts lose money)

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
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.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

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
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

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

The support and service of easyMarkets

easyMarkets customer service and support

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 are 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
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
easyMarkets can be reached through email

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

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 basic information about any trader’s needs.

easyMarkets offers educational materials
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
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 long-term 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:

  • The 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

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Is easyMarkets legit or a scam? – Conclusion of the review: A reliable broker

easyMarkets offers more than 200 tradable assets with its competitive platforms. It provides a variety of selections for trading  FX, CFDs, shares, commodities, cryptocurrencies, and indices. The brand was founded on the idea of democratizing trading and with the value of a 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 a 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 an 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:

easyMarkets review

Overview and test of the broker easyMarkets.

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Summary

easyMarkets is a secure trading platform with competitive spreads and no hidden fees.

4.5

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

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Trusted Broker Reviews

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

FAQ – The most asked questions about easyMarkets :

What is EasyMarkets?

EasyMarkets is a network dealer that commits itself to its core like a sincere and simple broker. EasyMarkets was founded in 2001; it is managed and sanctioned. It is a worldwide trading program. It also provides 200+ international markets. However, it provides influential and adaptable platforms.

Is EasyMarkets regulated?

Yes, EasyMarkets is regulated. CySEC and the ASIC regulate it. As EasyMarkets have the conception of glassiness and honesty, it ensures the customer that their funds are secure and in safe hands.

What are the conditions for the dealers in EasyMarkets?

The minimum starting down payment is 100 USD. There is no blunder and speedy implementation. They have simple and clear trading experience, and the number of international markets is more than 200. The dealers can also trade on the web, mobile app, or MT4.

What platforms do EasyMarkets offer?

EasyMarkets offer an EasyMarkets mobile App, MetaTrader 4, and vanilla options. The easy market platform is easy and adaptable. EasyMarkets have also advanced to mobile app trading; the dealers can trade anytime they want, and the MetaTrader 4 permits the traders to use trading knowledge to contrive their terminals. 

EasyMarkets Vanilla Options is a unique dealing platform. It offers traders the best trading features.

See other articles about online brokers:

Last Updated on January 27, 2023 by Arkady Müller