easyMarkets Review 2023

easyMarkets is a licensed Forex and CFD broker owned and operated by Easy Forex Trading Ltd based in Cyprus, opened since  2003. easyMarkets is simply honest Forex broker offering simple and versatile trading platforms with powerful tradings tools and conditions. 

Contact address is at Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands. Support is via [email protected]

easyMarkets Review

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. The broker comes with the following characteristics:

  • easyMarkets offer unique trading tools and features which are available on their trading platform; financial calendar, market news, risk management tools, trading charts and trading signals. 
  • easyMarkets boasts of 5 star rating on trustpilot and innovative and intuitive app allows you to trade on any iOS or Android device.

easyMarkets is Known For:

Beginner friendly tools offered via their proprietary trading platform.

easyMarkets Broker
Overall:
4.2/5

easyMarkets Summary

Pros

  • Top-tier regulation (CySEC and ASIC)
  • Easy to use web-based platform
  • Beginner friendly tools
  • Free guaranteed stop loss order (GSLO)
  • High leverage levels for Australian traders
  • Wide selection of payment methods
  • Multiple account currencies

Cons

  • Relatively costly
  • Basic mobile trading facility
  • Limited Forex research facilities
  • Relatively fewer tradeable assets
  • Does not offer MT4 webtrader to trade on the go

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easyMarkets Performance

easyMarkets offers 3 types of accounts (VIP, Premium and Standard) across their easyMarkets web/mobile app as well as on the Metatrader 4/5 platforms. Minimum deposit to start trading ranges from $100 on the standard account to $10,000 for the VIP account type. Clients get a customer support over phone, personal account manager and a 24/5 live chat trading assistance. The company provides trading insights into its platforms, including daily technical analysis by trading central, fundamental analysis and trading central signals.

4/5

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).

4/5

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.

5/5

Minimum Deposit

Reasonable and competitive minimum initial deposit. easyMarkets accept minimum deposit of $100

5/5

Leverages

Comparatively high leverage ratio. easyMarkets offers one of the industry highest leverage ratio of up to 1:500

3/5

Spreads and Commissions

Fixed ( easyMarkets web/App & MT4 accounts) and variable spreads (on MT5 accounts) with no commissions. 1 pips on EURUSD pair and are accessible with a deposit of $100. Competitive pricing on easyMarkets VIP accounts with deposit of atleast $10,000.

4.5/5

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.

Conclusion

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.

Overral Ratings:
4.2/5

2023 Review Methodology

Here at the Forex Broker Expert, we have reviews of more than 200 Forex brokers and trading software. The number one item we check when reviewing a broker to see if they are a scam is a safety score. We use a Safety score algorithms to asses risk level. They major criteria we use in grouping a Forex broker in to risk levels include total years in business, which regulatory licenses each firm holds, is the broker publicly traded in any stock exchange as well as our manual in house check.

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 industry best prectices here.

About Our Team

Firstly, congratulations on doing your research and due diligence! 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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