easyMarkets Review 2024: Is easyMarkets Right for You?
We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Client funds are kept segregated accounts at different banks, which means that in case of insolvency, client funds cannot be accessed by creditors. The firm also maintains adequate liquid capital in order to service all client withdrawal requests and has implemented multiple risk management systems.
- You do not need to own a wallet or deal with complicated cryptocurrency security keys as you can easily trade them from your account, just like the FX pairs.
- For instance, using CFDs, you use the easyMarkets trading platform to buy/sell $10,000 worth of Apple Computer Inc.
- Other documents, such as credit card statements may be required depending on your account activity.
- CySEC has low leverage because they want to protect retail clients as leverage can increase the risk of losing money.
- This shows that the broker is still very much considered to be a top global broker.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades. After logging into your easyMarkets account, you’ll find a range of trading platform options available below. EasyMarkets requires a minimum deposit of 100 GBP/USD/EUR when opening an easyMarkets trading account. EasyMarkets is regulated,
governed and supervised by reputable financial regulatory bodies.
Wonderful experience
The range of account types and advanced software features are also great benefits available to all easyMarkets clients, which is worth consideration. Client funds are held in segregated top tier global bank accounts away from the company funds so that they cannot be used for any other purpose. These funds are only accessible to clients and readily available as and when they need them. All trading accounts have negative balance protection that guarantees a client cannot lose more than their initial investment. Traders are guaranteed to close your trade at your specified price.
You can use online banking through Sofort, Giropay, iDeal, Malay local bank transfer, Webmoney, and BPay. EWallet deposit methods are also catered for through Neteller, Skrill, and Fasapay. If you are interested in learning more about these account types, then you can always check out our article on the best swap free brokers for more information. When it comes to being regulated, EasyMarkets has in place the regulatory oversight of two of the top bodies in the industry. With this type of account, you won’t have to worry about any swap fees being charged, and the account is completely Shariah Law compliant with no additional fees typically charged.
They are coded in MQL which is the proprietary language on the MetaTrader platform. You can basically set these up on a VPS server and have them running 24 hours a day. Something else that you will really benefit from while using the MT4 platform is the ability to code EAs. EasyMarkets has absolutely no restrictions on these EAs so its really only your scripts vs. the market. Although the MT4 platform can be considered „advanced“, there are a plethora of resources online that can get you going.
easyMarkets Review Navigation
Once you have filled out the form you will be directed to their proprietary options platform. Upon your first launch of the platform they will give you a handy step-by-step guide about how to place a trade as well as the tools at your disposal. Then, when it comes to the charts themselves, they are third party trading software developed by Tradingview.
You can take advantage of this leverage without having to worry about stop losses. Your risk remains limited by how much money you’re willing to put at risk up front and you can still enjoy unlimited potential profit on each trade. Dear Wael, We are thrilled to hear that you had a great experience with easyMarkets! We are thrilled to hear that you had a great experience with easyMarkets! Your kind words mean the world to us, and we are grateful for your feedback.
The EasyMarkets demo account is unlimited so you never have to close it, and it is really easy to open. Finally, if you are an EU trader, you can further benefit from the ICF fund which provides for an additional amount of up to €20,000 if there is a large scale financial problem. Traders can configure the chart with customized indicators and technical analysis tools. EasyMarkets processes all withdrawal requests within a day of receiving them. However, depending on the destination of the withdrawal, it may take between 3 to 10 business days for funds to arrive. Withdrawals via bank transfer require a minimum of €/$/£50 to be withdrawn.
Easy Market is a good and user friendly…
Its range of live chat features includes Facebook Messenger, Viber, What’s App and a web-based live chat. We have tried to contact you many times to assist you with your account, however we cannot reach you. Please note that you can close any of your open trades separately by choosing the one you would like to close individually on the platform. Please contact our customer support team via our website on Live Chat or email us at cs@easymarkets.com so we can have more details on the issue you are facing and help you. Forex traders are levied with hidden costs (in the form of higher spreads) for access to the easyMarkets webtrader.
Overall it is a huge range of choice which can greatly help you avoid any conversion fees that can happen when your base currency does not match that of your deposit or withdrawal method currency. In addition to that, the broker also holds all deposits in segregated accounts so that your funds are completely safe even in the event of bankruptcy or insolvency. Upon logging in, traders are welcomed forex broker listing by a list of asset classes and products on the left-hand side, a trading ticket in the middle of the screen, and a comprehensive trading tool on the right. Traders wanting to execute forwards or vanilla options trades will need to use the desktop trader accessible via web or alternatively, the MT4 trader. EasyMarkets hasn’t yet published spreads for all their listed cryptocurrencies.
MY LIKES ABOUT EASY MARKETS MOBILE WEB PLATFORM
The highest tier offers a Super VIP account, which has the same benefits as the VIP account but requires a £10,000 minimum deposit. You also get access to custom spreads and negotiable transaction sizes. There are fees charged on withdrawals with bank wire transfers attracting fees ranging from £30 to £50. The e-wallet deposit and withdrawal options offered charges fees ranging from £1 to £1.5 of the transacted amounts. All withdrawal fees are charged by third-parties as the broker charges no levies on such transactions.
Through my dealings with the company
I’ve started trading with Easymarkets almost a month ago, haven’t encountered any problems, their support is great, EasyMarkets‘ MT5 account, low spreads are at levels I’m satisfied with. It could be a win-win for all as the traders can use a well-known broker and easyMarkets and the broker gets more clients in other lucrative geos. The first thing that stuck out for us was their limited crypto coverage when compared to platforms like eToro or Uphold. They have such a large range of assets but only have three cryptocurrencies on offer.
easyMarkets is a Multi-Assets Trading Platform with over 200+ Assets
EasyMarkets notifies customers if it requires additional documentation. To make a withdrawal, easyMarkets requires proof of identity (such as passport or ID card) and proof of address (such as utility bill or bank statement). See this list of easyMarkets instruments for up-to-date maximum leverage allowances. Before you can trade with easyMarkets for the first time, you need to answer a few questions.