EasyMarkets is said to be a leading online forex and CFD brokerage platform that provides access to the financial markets to traders from all parts of the world. At EasyMarkets, traders can have access to trade cryptocurrencies, forex, stocks, commodities, and indices. As an industry leader, EasyMarkets has become well-known for providing excellent services to its customers, including a vast number of effective trading tools, educational materials, a choice of intuitive trading platforms, news content, market analysis, and a very efficient customer support team.
Although it is a popular CFD brokerage platform, with a lot of positive reviews from traders, we had to find out for ourselves just how excellent the services of EasyMarkets are and how they compare with some of the leading brokers in the industry. To make our analysis more accurate, we opened a live trading account, funded it with real money, and proceeded to test the essential services offered by this broker. After going through their services and testing the efficiency of their features, we put together this honest and comprehensive review. The content of this review is 100% unbiased, reliable, and captures everything you need to know about this broker and if you should partner with them. Remember, that the industry offers a wide choice of reputable brokers so take the time to do your research before you step into the trading arena.
Easy Markets Broker Review – Know the Facts, Trade with Confidence
Easy Markets is said to be a leading brokerage platform that is committed to making the trading process simple and straightforward for everyone. Their ultimate goal is to encourage more people to venture into the financial markets. To test their features, we opened a live trading account and funded it. This made it possible for us to provide you with accurate information about EasyMarkets and how they operate. Here is a detailed summary of everything you need to know about EasyMarkets.
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What Makes EasyMarkets Unique?
EasyMarkets has become a popular online CFD brokerage platform because of the numerous features it offers to its customers and the ease of use of its trading platforms. Regardless of your preferred type of trading platform, EasyMarkets supports them all. You can use the MT4, WebTrader or the mobile app version of their platform. Depending on your trading preferences. The user interface has a simple design to make it easy for anyone to navigate the financial markets.
In addition to its ease of use, EasyMarkets offers competitive spreads and pricing to traders. You get to enjoy fixed spreads on all the 200+ financial instruments available on the platform. By supporting multiple base currencies, EasyMarkets shows its intent on being a global leader in the CFD brokerage industry. Users from all parts of the world can trade financial assets here and are given the option to do so in any currency of their choice. As an award-winning brokerage platform, EasyMarkets has handled transactions worth over $2 trillion over the past few years. With its substantial liquidity, it is easy for traders to both deposit and withdraw their funds from EasyMarkets. This should give you peace of mind if you choose to sign up with them.
Easy Markets Experience Test
To determine the efficiency of CFD brokerage platforms, there are certain services you have to look at. These services are crucial to the success of traders. EasyMarkets is said to be one of the leading CFD brokers in the world, and we wanted to confirm that by testing the services they offered to their customers. We opened a live trading account, funded it with real cash, and reviewed some of these services.
The first service we looked into was the withdrawal process. For a platform to be considered favorable to traders, it must allow them to withdraw their funds easily and anytime they wish. EasyMarkets gives traders that privilege. As soon as we funded our account, we were eligible to withdraw the funds. We completed the withdrawal request form and submitted it to the customer support team together with our identity verification documentation. The application was reviewed and approved in less than 24 hours, and our money was sent to our bank account. Keep in mind that you have to verify your account before you can withdraw your funds. This is standard in the industry and all top-notch brokers follow this process. Also, it takes approximately 3-5 days to get credited when using the bank wire method.
Secondly, we tested their customer support service. It is natural to encounter problems during trading every now and then. Having an active customer support team makes it easier for traders as their issues are resolved almost instantly. The customer care agents at EasyMarkets are very friendly and professional. They have a vast understanding of the financial markets and can easily help clients with their problems. We submitted a ticket with our questions and the customer agents replied right away. They addressed our issue and we were free to continue trading. You can reach the customer care representatives via email, telephone or live chat.
The third crucial feature we reviewed was the trading platforms offer by EasyMarkets. EasyMarkets currently offers three different platforms: WebTrader, MetaTrader4, and the mobile app for phones. Each of the trading platforms is packed with features, such as educational materials, trading tools, news content, market analysis, and more. These features are there to make it easy for traders to trade and to allow them to make informed decisions while trading financial assets. Each of the available platforms has a straightforward user interface, enabling virtually everyone to navigate them easily. We placed a buy order on all three of the platforms, and our orders were processed instantly. Based on this, you don’t have to be afraid of losing trading opportunities with EasyMarkets. Similarly, sell order execution is also very fast.
The services mentioned above are essential to the success of traders, and EasyMarkets provides them satisfactorily. Following our review, we can recommend their services to you when it comes to crypto, forex, stocks, indices, commodities, and metals trading. EasyMarkets definitely operates on par with some of the leading brokers in the industry.
Is Easy Markets a Scam or Legit?
As traders and investors, it is vital that we know whether a platform is legit or a scam. Understanding the trust level of a forex brokerage platform will make it easy for us to decide if we wish to trade with them or not. Following our experiences with EasyMarkets, we can confirm that they are a legit CFD brokerage platform, offering an all-inclusive trading experience.
EasyMarkets is a registered company based in the Marshall Island, and they are regulated by CySEC (Cyprus Securities and Exchange Commission). As a regulated company, EasyMarkets abide by international regulations such as the Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies. This means that their services are 100 percent transparent and they provide the needed security to protect both user funds and data.
The company is a reputable brokerage firm that has been around for years. They are well-known for providing traders with easy access to the financial markets, allowing them to trade stocks, currencies, cryptocurrencies, commodities, metals, and indices. According to the company, their primary objective is to make it easy and straightforward for anyone to access financial assets and trade them.
The strong AML and KYC policies followed by the broker help to curb any illegal activities. Identity verification is essential so that EasyMarkets can secure your data and funds. Users need to verify their accounts before they can carry out crucial activities such as withdrawal of funds and more. The verification process involves the submission of proof of ID and residence documents.
They also have a well-detailed terms and conditions page, where every aspect of their business is discussed. It also contains everything you need to know about trading on the platform. They are comprised of a highly efficient team who ensure that traders get the best services available at all times.
EasyMarkets also has a very robust security system in place. The trading platforms here have streamlined procedures that ensure that user funds and information remain private at all times. The security protocols make it possible for traders to deposit, trade, and withdraw their funds easily from EasyMarkets. With EasyMarkets, you can safely move your funds without any concerns of hackers or other issues.
Also, EasyMarkets clearly states in its privacy policy that users’ data are not shared or sold to third-party affiliates. The information of their users remains protected at all times. Based on all of this, when trading with Easy Markets, you should have confidence that your data and funds are safe and secure at all times.
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EasyMarkets Regulation and Safety of Funds
EasyMarkets is a registered company in the Marshall Islands. The company is regulated by CySEC and fully abides by the international regulations set for financial markets operators. EasyMarkets strictly comply with the AML and KYC policies, which require traders to verify their accounts before they can carry out certain transactions. This is to help authorities fight vices such as money laundering, terrorism funding, identity theft, and more.
EasyMarkets is also big on the security of user funds and data. The payment system here has been streamlined to make it easy for users to deposit and withdraw funds. However, anyone other than an account owner would find it almost impossible to carry out transactions. The customer funds are separated from the company’s operational accounts and are kept with established banking institutions. This is to ensure that traders have access to their funds whenever they decide to make a withdrawal. The security protocols extend to user data as EasyMarkets ensures all information is kept private. Overall, the security protocols in place at EasyMarkets keep user data and funds safe and private all the times. They meet the international security requirements, and as a result, you are safe using this broker for your trading needs.
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EasyMarkets – Account Types
EasyMarkets doesn’t only offer a forex account; they allow their users to enjoy a complete trading experience. They offer different trading accounts for traders of all types, with the services tailored for each of these accounts. The account types slightly differ in terms of the trading features, but they are designed to make it easier for people to navigate the financial markets.
Standard
The standard account is the most basic account type you will find on EasyMarkets. It has a minimum deposit if $100 and supports the WebTrader, MT4, and mobile app platforms. The minimum transaction size is 0.01 lot, the pips here are more significant, and there is a maximum leverage of 1:400. Customer support is available to standard account holders, and a personal account manager will provide information about market trends, economic events, investing strategies and more. The other features available here include; 24/5 phone and live chat trading, negative balance protection, daily email with fundamental and technical analysis, and trading central indicator.
Premium
The second account type you will find on EasyMarkets is the premium account. This account type has e a minimum deposit amount of $2,000 and supports all the currencies available. Premium account holders can access WebTrader, MT4, and the mobile app platforms and it grants users a minimum transaction size of 0.5 lot. The pips here are lower, and assets have a maximum leverage of 1:400. There are zero commissions and annual fees, and users get to enjoy Customer Support over the phone. The personal account manager provides information about market trends, economic events, investing strategies and more. Similar to the standard account, users here also enjoy 24/5 phone and live chat trading, negative balance protection, daily email with fundamental and technical analysis, and trading central indicator. Account holders get to enjoy guaranteed stop loss.
VIP
This account type is usually for the most experienced CFD traders. The minimum deposit amount here is $10,000 and offers a minimum transaction size of 0.1 lot. It supports the WebTrader, MT4, and mobile app platforms and users have access to stocks, currencies, cryptocurrencies, commodities, and indices. VIP account members get the lowest pipa, with a maximum leverage of 1:400. Similar to the Premium account, VIP accounts have zero commissions and annual fees, with the users getting to enjoy Customer Support over the phone. Each account receives a personal manager who provides information about market trends, economic events, investing strategies and more. There are other benefits which include; 24/5 phone and live chat trading, negative balance protection, daily email with fundamental and technical analysis, guaranteed stop loss, no slippage, and trading central indicator.
While there are slight differences in the features attached to each account type, everyone gets to enjoy the primary services offered by EasyMarkets, such as customer support, fast withdrawals, and more.
Remember, that there are many leading brokers in the industry that offer a choice of account types with various benefits so if EasyMarkets does not meet your needs, check out what other brokers have to offer.
EasyMarkets Trading Conditions
Here are the trading conditions applicable to EasyMarkets:
- There are limited slippages. The price you see is the price your trade will be placed at, in most cases.
- With the fixed spreads, your bottom line will never change regardless of the market conditions.
- Guaranteed stop loss is available to help protect accounts from runaway losses.
- Accounts will never go below zero with the negative balance protection.
- The highest leverage you can find on EasyMarkets is 1:400.
- EasyMarkets accepts bank transfers, online transfers, credit/debit cards, and electronic transactions for deposits.
- There is no transaction cost on EasyMarkets.
Fees and Spreads
EasyMarkets does not charge commissions, account fees, or costs for deposits and withdrawals. Transactions carried out on the platform are absolutely free. The company instead charges trading fees. Note that your financial institution might charge you for the deposits and withdrawals you make on your EasyMarkets account so check this directly with them.
The spreads on EasyMarkets are fixed. However, they vary between the WebTrader and MT4 platforms. The WebTrader and mobile app platforms have slightly higher spreads for currencies and commodities compared to the MT4 platform. Based on this, you need to consider the spreads when choosing the trading platform to use.
Account Opening Experience
EasyMarkets prides itself on providing people with straightforward and simple access to the financial markets. Because of this, opening an account with this broker is very easy. To register with them, simply visit the EasyMarkets site and click on the ‘START HERE’ button at the top right corner of the website. Insert your email address, password, and a phone number and click on ‘SIGN UP’ afterwards. Alternatively, you can use your Gmail or Facebook account to open an account. You will get a confirmation email once you submit the required information. Verify your email, login to your account, and view your profile. You can proceed to deposit funds into your account and start trading the financial assets available on the EasyMarkets platforms.
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Deposit and Withdrawals
The payment system on EasyMarkets is fast, efficient, and simple to navigate. To deposit funds into your trading account on EasyMarkets, kindly follow the steps below:
- Visit the EasyMarkets site and log in to your account
- Click on the ‘DEPOSIT FUNDS’ button at the top right corner
- Choose your preferred currency and click submit
- Select your payment method which can be credit cards, eWallets or bank wire.
- Insert the amount and click on submit.
- Your account will be credited shortly, and you can start trading
Easy Markets supports the following payment methods:
Debit/credit cards
Credit and debit cards remain the most popular method of funding an account. EasyMarkets accepts Visa, MasterCard, Maestro, UCB, American Express, and AstroPay as means of payment. The deposit processing time is instant, and there is no transaction fee attached when you use credit/debit cards to fund your account.
E-Wallets
Electronic wallets are perfect for countries with credit/debit card restrictions. EasyMarkets accepts e-wallets payment from the likes of Neteller, Skrill, and Fasapay. Similar to credit and debit cards, e-wallet transactions are processed instantly, and EasyMarkets doesn’t charge any deposit or withdrawal fees using this method.
Online Banking
EasyMarkets is one of the online CFD brokers that accept payment via online banking. They accept payment from online banking platforms like Sofort, Giropay, Local Bank Transfer, Webmoney, and Bpay. Transactions are usually approved within 2 hours and are free of charge from EasyMarkets.
Bank Wire
The final payment method available is the bank wire transfer. This payment method is convenient in countries like China, where online and credit card payments are more restricted. EasyMarkets accepts bank transfers from Union Pay, WeChat Pay, and AliPay. It takes 1-2 working days for these transactions to be processed and EasyMarkets doesn’t charge its customers any amount for approving the transactions.
Keep in mind that the withdrawal of funds is not possible if you do not verify your account. You can do this by submitting relevant ID and proof of residency documents, according to the requirements of the platform. Verification is done to ensure the safety of your data and funds on the EasyMarkets platform.
To withdraw your earnings on EasyMarkets, kindly follow these steps:
- Visit the EasyMarkets site and log in to your account
- Navigate to your dashboard and click on ‘WITHDRAWAL.’
- Fill out the withdrawal request form and submit
- Wait for approval which could happens within a few hours is all the relevant identification documentation has been submitted
- Funds will be transferred to your bank account immediately after your request is approved. For bank wire transactions, it could take over 2 days for the money to reflect in your account.
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Account Verification
EasyMarkets strictly follows the AML and KYC regulations put in place to help curb crimes in the financial markets. Thus, users are required to provide documents to prove their identity and residence before they can carry out particular operations.
Proof of Identity
To prove your identity, EasyMarkets accepts any of the following documents:
- National ID card
- International Passport
- Driver’s License
The submitted copies of these documents are required to be clear and should display crucial information such as your name and signature.
Proof of Address
EasyMarkets accepts any of the following documents as proof of residence:
- Utility bills (electricity, water, others), not issued more than 3 months ago
- Driver’s license (if it contains your residence address)
Proof of Credit Card
EasyMarkets also requires customers to submit copies of their credit card, if this was used to make a deposit. The copies should include the details about the card including the name, the signature and the last 4 digits of the card. Also, EasyMarkets requires users to submit their bank statements after depositing funds using bank wire. This is to help verify their transactions.
EasyMarkets Trading Platform
EasyMarkets supports both the WebTrader and the MetaTrader 4 trading platforms. It also has a mobile app platform where users can access their accounts with ease from their mobile devices. The WebTrader platform is one of the most commonly used brokerage platforms due to the features it offers users. It provides them with a wide range of resources such as demo accounts, price charts, market news, market analysis, and more. WebTrader doesn’t require any installations and can be used by virtually anyone, even without any prior experience.
The MT4 trading platform is popular because of the excellent tools it offers to traders. It allows traders to test out their trading strategies using the demo accounts, and it is highly secure. The tools available on MT4 trading platform include market news, a financial calendar, live price charts, market analysis, educational resources, expert advisers, multi language support, and more.
EasyMarkets’ mobile app is available to both iOS and Android phone users. The platform is similar to the WebTrader in terms of the features available. Anywhere you decide to access EasyMarkets, their platforms have a very smooth user interface, making it simple for traders to navigate. With most brokers, you are provided a choice of trading platforms so take the time to select the one that will give you direct access to your preferred financial assets.
Education and Resources
EasyMarkets has an entire section on its site dedicated to educational materials. The educational resources available on this platform include free eBooks, an extensive library of trading articles, video series explaining trading techniques, introduction to trading and the markets, and more. The educational materials are available to teach new traders about the financial markets and to help advanced traders to learn new techniques on trading financial assets.
In addition to educational materials, EasyMarkets also provides traders with several trading tools and resources. The market news live feed gives traders the latest and most critical market-moving events. The trading charts allow them to analyze current and past price movements, draw custom graphical elements on them and chose the time frames. You can also keep an eye on the price changes of the currencies using the live currency rates. The financial calendar lets you keep track of important upcoming events in the financial markets. The resources and educational materials available at EasyMarkets are to guide traders and help them make better trading decisions.
Customer Service
The customer support team at EasyMarkets is comprised of highly professional individuals. The customer care agents are very friendly, professional, and have an in-depth knowledge of the financial markets. You can get in touch with them via live chat, an email, or a phone call. They usually resolve customer issues as fast as they can, which is essential for financial traders to trade efficiently. Many reputable brokers place a lot of emphasis on providing responsive and professional customer support to all of their clients.
Frequently Asked Questions (FAQs)
Is EasyMarkets Regulated?
Yes, it is. EasyMarkets is a registered company in the Marshall Islands, and they are regulated by CySEC. As a result, they abide by the international AML and KYC regulations put in place to help secure customer data and funds.
What is EasyMarkets?
EasyMarkets is a leading global online CFD brokerage platform that grants traders access to the financial markets. Via EasyMarkets, traders can access financial instruments, including stocks, cryptocurrencies, commodities, forex, metals, and indices.
Who has Experience with EasyMarkets?
EasyMarkets are open to everyone. The platform is designed to cater to the trading needs of both newbie and experienced financial market traders. The features available make it easy for everyone to trade financial assets.
How does EasyMarkets Work?
EasyMarkets grants traders’ access to the financial markets, allowing them to trade currencies, stocks, cryptos, commodities, metals, and indices. Traders can trade, buy, and sell the over 200 financial assets on this platform, and EasyMarkets gets a commission for each trade. Note the broker does not charge transaction fees, but your financial institution might charge you a fee for the deposits and withdrawals that you may do so check this directly with your bank.
How Reputable are EasyMarkets?
EasyMarkets is a very reputable online brokerage platform. It is fully registered with the government and is regulated by CySEC. EasyMarkets is currently a sponsor of the Spanish soccer club Real Betis, giving it a global image. Over the past few years, EasyMarkets has handled transactions worth over $2 trillion and it continues to offer excellent services. With their robust security measures, AML, and KYC policies, you can be confident that your information and money will be safe with EasyMarkets.
How do I Open an Account with EasyMarkets?
To open an account with EasyMarkets, kindly follow these steps:
- Visit the EasyMarkets website
- Click on ‘START HERE’
- Fill out the form and submit
- Choose your country of residence and verify the welcome email they sent you
- Deposit funds into your EasyMarkets trading account
- Start trading the over 200 financial assets available on the platform.
Where are EasyMarkets Based?
EasyMarkets is based on the Marshall Islands. You can reach them at their physical office, Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands. You can also contact them via phone, live chat, or email.
While EasyMarkets has been operating for many years, there are many top quality brokers in the industry that will provide you with a safe and secure trading environment as well as all the tools required to success. Take the time to check out the different broker options before you start trading.
Overall Rating: 8.5/10
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