easyMarkets is a licensed Forex and CFD broker owned and operated by Easy Forex Trading Ltd based in Cyprus, opened since 2003. easyMarkets. easyMarkets is simply honest Forex broker offering simple and versatile trading platforms with powerful tradings tools and conditions. easyMarkets was introduced as an online trading platform in 2001 and was the first to offer tools like dealCancellation, Freeze Rate and Inside Viewer back then. easyMarkets offer unique trading tools and features which are available on their trading platform; financial calendar, market news, trading charts and trading signals. Contact address is at Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands. Support is via firstname.lastname@example.org. easyMarkets boasts of 5 star rating on trustpilot and innovative and intuitive app allows you to trade on any iOS or Android device.
- 0.1 Safety of Funds
- 0.2 Trading Platforms & Tools
- 0.3 Minimum Deposit
- 0.4 Leverages
- 0.5 Spreads and Commissions
- 0.6 Deposit and Withdrawal Method
- 0.7 Conclusion
- 0.8 2020 Annual Forex Broker Reviews From ForexBrokerExpert.com
- 1 About Us
- 2 Methodology
Safety of Funds
easyMarkets is considered safe because it is licensed by top tier authority like Australian Securities & Investment Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC, license No 079/07).
Trading Platforms & Tools
easyMarkets offers a web based platform and Metatrader platforms. Important features include dealCancellation and Freeze Rate and free guaranteed stop loss orders.
Reasonable and competitive minimum initial deposit. easyMarkets accept minimum deposit of $100
Comparatively high leverage ratio. easyMarkets offers one of the industry highest leverage ratio of 1:400
Spreads and Commissions
Fixed and variable spreads with no commissions. 1 pips on EURUSD pair and are accessible with a deposit of $250. Competitive pricing on easyMarkets VIP accounts with deposit of atleast $2500.
Deposit and Withdrawal Method
Vast selection of payment methods. easyMarkets accepts credit cards (Visa, Mastercard, Maestro, Visa electron), bank transfer and e-wallet systems, such as, Skrill, Neteller, WebMoney, SoFortüberweisung, American Express, Giropay, Ideal and UnionPay.
easyMarkets (previously Easy-Forex) is the trading name of Easy Forex Trading Ltd., a Cyprus-based brokerage, established back in 2003. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs on indices commodities, metals and Bitcoin, as well as options and forward contracts. Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose.
easyMarkets Group of Companies does not provide services for residents of certain regions, such as the United States of America, Israel, Iran, Syria, Afghanistan, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, Manitoba, Equatorial Guinea, Guinea Bissau, Turkmenistan, Venezuela, Angola, Libya, Republic of Congo (Brazzavile), Democratic Republic of Congo, Chad, Haiti, Quebec, Cambodia and Burundi.
2020 Annual Forex Broker Reviews From ForexBrokerExpert.com
Different Forex brokers offer different account types which goes by different names like standard, classic, premium, VIP or gold. The most popular minimum deposit for a Forex basic account is $250. Leverages can go as high as 1:200. As for the pips charged on these accounts, EURUSD is usually the pair with the lowest spread and the ideal thing is that each type of account is unique and will either have fixed or floating pips depending on which account portfolio you have chosen. Learn more about the Best Forex Brokers
Regulatory Side of Things
Regulatory agencies have already unleashed their bombshell on many fraudulent brokers. Most of these financial services provider are owned and operated by company based outside regulatory jurisdictions. However, these brokers still illegally target residents which they do not have the authorization to do so. Countries like the US, Japan, Australia among others are the safest for retail Forex traders because they have a strict regulatory framework which protects traders from incurring losses in the hands of unregulated brokers. Even the FCA which regulates brokers in the UK are reliable and if you can find a broker who is regulated either in the UK, Australia, Japan or the US you can be sure that this broker will not involve themselves in dirty games to make you lose your funds. These brokers are highly supervised and cannot afford to have their licenses revoked for offenses related to mishandling their clients.
Some Forex brokers offer generous leverage to traders but this is possibly as a result of not being regulated. Some brokers offer leverage as high as 1:200 but European Securities and Markets Authority (ESMA) restricted leverage to 1:30 for all brokers who are operating in the EU. A similar move was pulled by regulators in the US, Japan and South Korea. This basically means that find a broker who can offer 1:200 or high leverages in any of these jurisdictions is nearly abnormal. In the same note, spread of 0.1 pip on a demo account is actually too good to be true and we are sure that if you actually fund a trading account with such broker, the story will change completely.
Australia is one of the main regulators where leverage is not restricted yet. Therefore, if you are still attracted with the idea of trading with high leverage, we recommend that you should look for brokers who are regulated by the ASIC. These brokers must be based in Australia and will guarantee you high leverage according to your needs.
Our Best Advise for You
Some brokers could have made a nice Forex broker but due to their short comings, it is only best to avoid such a broker. There are more competitive brokers out there who do whatever it takes to secure their clients.
The worst thing is that some Forex brokers are pure scams. Once you fund your account with them, there is no withdrawing funds whatsoever.
Any attempt to do so will be thwarted with silly terms and conditions which are clearly oppressive on the side of the client and favorable on the side of the broker.
Forex Traders are being wooed by brokers incorporating a wide variety of trading instruments such as Forex, CFDs and Crypto currency trading instruments. You should ask your Forex broker for up to 100 Forex pairs including lots of exotic pairs which include Norwegian Krone, Danish Krone, Swedish Krona, Czech Krona, Hungarian Forint, Polish Zloty, Mexican Peso, Russian Ruble, Turkish Lira, South African Rand, Hong Kong Dollar, Singapore Dollar and Philippine Peso.
Definitely there is no limit to what you can trade on CFDs. Many brokers offer variety of stocks, indices, commodities, natural gas, oil, gold, silver, platinum, palladium including Crypto currencies. Crypto currencies include Bitcoin, Ethereum, Litecoin, Monero, Ripple, Zcash, Dash, IOTA and Stellar. Unless these brokers are regulated and are providing assurance that they will not scam traders, definitely many people would choose them for their trading.
Initial Deposit Requirement
In terms of the acceptable initial deposit, we can say that $250 is acceptable for a basic account. This is not like a basic $500 or more which some brokers are notoriously asking even when they know that the nature of their operation is dubious. If you ever find a broker who accepts this amount, you can go ahead and sign up because it is generally a reasonable amount. Again, even if you are an experienced trader already, under funding your account will damage your trading account because it will not let you achieve your full potential in that trading account.
Most Forex brokers offer MT4, MT5 or both trading platforms. However, you should keep in mind that some brokers provide these services via a third party which could mean something else. There is no reason why a broker should let another company host a metatrader platform for them.
Many Forex broker support MT4 platform for trading. This is not a bad thing but you have to consider that this services is common nowadays including those who are properly regulated. So this should not be the reason as to why you are picking an offshore broker for purposes of trading. It won’t be viable in the long run.
Firstly, congratulations on doing your research and due diligence!
Secondly, a little bit about us and why we are qualified to provide this review.
Forex Broker Expert is recognised for being a source of ground-breaking, high-quality, factual content that doesn’t leave any stone unturned. Tens of thousands of traders have used our reviews as a springboard to greater levels of trading success.
is to provide a transparent review of Admiral Markets forex broker and to help guide you on your journey to finally finding a forex broker you can not only trust but be happy with.
At the end of the day, if you partner up with the wrong broker you can end up losing more money to fees, slippages and errors than actually trading yourself. Choosing a broker to partner with is a. big. deal…
So wouldn’t you rather read our 2020 Forex Broker Rating to see the features and what to expect?
Here at Forex Broker Expert, we’re dedicated to helping you get started trading online and have your own forex account. Most importantly, we want to help you make a success of it. Since starting up in 2010, we’ve connected hundreds of thousands of readers to the right forex trading platform for their needs.
We do this through conducting our own research. We’re constantly testing (and re-testing) the most popular forex brokers on the market to give you completely impartial advice about every single broker we feature on our site. We even get people just like you to give them a go and give us their feedback.
Our aim is to provide you with the very best information so you can make an informed decision about which forex broker is best for you – and feel happy with your choice!
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