easyMarkets (formerly known as easy-forex) is a Cyprus-based forex broker that has been in the market since 2003. They cater to over 300 markets and are regulated by the Australian Securities and Investments Commission and the Cyprus Securities and Exchange Commission. Among the advantages of this broker is that they only require an initial deposit of $100 to open an account. They have a platform which can execute orders at the exact price quoted without any errors. One of its unique features is the dealCancellation tool which can be used to cancel unfortunate trades up to the expiration time and to save the invested amount. They have more interesting features and this will be discussed in the review below.
Demo Account: Free for life
They have a trading simulator which is valid for eight days but if you open a live account, you will be able to enjoy the demo account without any time limit and you can utilize this for making practice trades. What I like about this feature is that it shows real-time quotes so the experience is just like how it is on a real trading account.
Bonuses: Additional trading funds + perks
Upon signing up for an account and making a deposit, they offer bonuses of up to $2,000. This also includes other perks like free trading signals and SMS alerts, access to their comprehensive education centre and more.
Platform: 2 choices
They have two main platforms on offer. The proprietary easyMarkets platform features flexibility, fast execution and mobile features while those who are already used to the popular MetaQuotes platforms can use the easyMarkets MT4 complete with all the needed tools.
Another feature that is worth mentioning is the dealCancellation. With this risk-free tool, you can literally cancel a deal if it goes against you and have your losses returned. This can be used for trades up to 60 minutes so you can protect yourself from the risks.
Mobile Trading: A range of solutions
With their streamlined mobile applications I can gain access to my trades straight from my phone or tablet. Alternatively, they also have a dedicated site that I can open on a mobile browser without any issues.
Minimum Lot Size: Minimized risks
The 0.01 minimum lot size helps me to play safe and minimize the possible losses that I might incur in case I make wrong trade decisions. This is also good for newbies so they can start with a low scale and grow it gradually.
Maximum Leverage: Potential profits amplified
With their 1:400 maximum leverage, I am exposed a massive prospect of financial profits even with a smaller investment capital.
Spreads: Transparent costs
They offer fixed spreads which means that it doesn’t change regardless of the conditions in the market. For the EUR/USD currency pair, they offer 0.00018 pips which is good for making better entry or exit prices.
Tradable Instruments: 300+ markets to trade
What I really like about this broker is that they have a wide choice of markets and this includes a variety of base currencies like the USD, NZD, SGD, EUR, JPY and a few others. You can also invest on cryptocurrencies like Bitcoin, Ethereum and Ripple and enjoy no slippage while still using the Guaranteed Stop Loss and Take Profit features.
Deposit and Withdrawal
Minimum Deposit: $100 to start trading
Most traders begin with around $500 but with this broker you can begin with a smaller amount of $100. With this amount, you will be assigned to a Retention Manager who will be able to offer you a free one-to-one training session as well as a trading bonus for your First deposit.
Deposit Methods: Multiple options
The range of payment options makes opening an account with this broker quick and easy. They accept credit or debit cards, Bank Transfer, WeChatPay, SoFortüberweisung, American Express, Giropay, Ideal, Maestro, JCB, China Union Pay, Skrill, Neteller, Webmoney and Yemadai.
Withdrawal Processing Time: Quick and problem-free
The agent that I talked to informed me that I only need to wait for 2 days for the complete processing of my withdrawal requests with an additional few more days in order to get my money back on my bank account. So I tried cashing out my money and to my delight, it only took less than a week before I was able to get my money back.
Channels: Various ways to converse
There are plenty of ways to make contact with their customer service team. You can conveniently reach them via phone, e-mail, fax and live chat.
They are available 24 hours a day, 7 days a week.
Supported Languages: Global indeed
Other than English, they also support other major languages including Chines, Polish and Arabic.
Average User Rating: 8.8
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.
Platform Design: Clean and simple
Compared to other brokers, easyMarkets has a much more simplified design which is a lot easier to use and navigate. This allows me to effortlessly access all the necessary tools straight from their platform.
Support: Helpful and very friendly
I never had any issues with their customer support staff because they were always fast in giving me answers and solutions all the time. Best of all they always deliver it with a helpful and friendly attitude.
Reputation: A well-respected firm in the industry
This broker has been in operation since 2003 which makes them one of the most reliable firms in this industry. Their long history means that that they are able to establish a security structure that cannot be easily matched by other brands. They are also licensed by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) which guarantees that they are always complying with standards that are set by these trusted regulators.
Editor’s Rating: 87
easyMarkets’ existence for more than a decade has made them one of the most trusted and well-established firms in this industry. Aside from providing excellent support they also deliver a range of platform solutions and risk-free tools that suits the needs of any type of trader in a favorably safe and secured environment.