easyMarkets Review ☑️ Safe or Scam Revealed (Updated 2024*) (2024)

Overall, easyMarkets is regarded as low-risk, boasting a Trust Score of 89 out of 100. Regulated by ASIC and CySEC, the broker provides a maximum leverage of 1:400 and offers several types of trading accounts.

🛡️Regulated and trusted by ASIC and CySEC
🛡️2608 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

easyMarkets, founded in 2001 by Ammar Al-Hussein in Limassol, Cyprus, began as Easy Forex Trading. The company simplified forex trading with CFDs, fixed spreads, and no hidden fees.

The broker stands out for its straightforward pricing, unlike many competitors with complex structures. It has expanded into commodities, indices, and cryptocurrencies, and is regulated in Australia and Cyprus.

Operating globally, the broker appeals to a diverse audience with its beginner-friendly platform, educational resources, and multilingual support. However, its focus on CFDs and lack of traditional stock options may not suit all traders.

Frequently Asked Questions

How does easyMarkets differentiate itself from other brokers?

The Broker stands out with its straightforward pricing model, avoiding the complex structures often found in the industry.

What types of trading services does easyMarkets offer?

easyMarkets offers trading in forex, commodities, indices, and cryptocurrencies.

How does easyMarkets cater to beginners?

easyMarkets provides a user-friendly platform, educational resources, and customer support in multiple languages.

What kind of support does easyMarkets provide to its clients?

The Broker offers customer support in various languages and provides educational resources to help traders of all levels.

Our Insights

With regulatory approvals across multiple countries and a strong focus on educational resources, The Broker is a solid choice for both beginners and experienced traders seeking a straightforward trading experience.

Detailed Summary

Frequently Asked Questions

Is negative balance protection available?

Yes, easyMarkets provides negative balance protection.

What types of accounts does easyMarkets offer?

The Broker offers VIP, Premium, and Standard accounts.

What is the minimum deposit required to open an account?

The minimum deposit is 25 USD.

How long does it take to process deposits?

Deposits are processed instantly or within 1 business day.

Our Insights

The Broker offers a robust trading environment with a user-friendly platform, high regulatory standards, and competitive features. With extensive CFD offerings, generous leverage, and excellent customer support, easyMarkets is a top broker choice.

Advantages over Competitors

easyMarkets have several notable advantages over competitors, including Top-tier regulatory oversight and transparent pricing. Additional advantages include:

• User-Friendly Trading Platforms.
• An Extensive selection of over 200 CFDs, including stock indices and commodities.
• High Leverage and Negative Balance Protection.
• Multilingual and Responsive Customer Support.

Furthermore, Trades are executed without additional commission fees, lowering the cost of trading.

Frequently Asked Questions

What regulatory bodies oversee easyMarkets?

The Broker is regulated by ASIC (Australian Securities and Investments Commission) and CySEC (Cyprus Securities and Exchange Commission).

What are the key features of easyMarkets’ trading platform?

The trading platform is user-friendly, provides fixed spreads with no hidden fees, and supports multiple base currencies. It also offers high leverage up to 1:400 and negative balance protection.

What types of accounts does easyMarkets offer?

The Broker offers VIP, Premium, and Standard accounts.

Are there any fees for withdrawing funds from easyMarkets?

No, The Broker does not charge fees for withdrawals.

Our Insights

The Broker stands out for its user-friendly platform, transparent pricing, and strong regulatory oversight.

Who Will Benefit from Trading with easyMarkets

easyMarkets’ user-friendly platform and comprehensive educational resources make it an excellent choice for those new to trading. However, the Broker is well-suited to traders of all levels of expertise, including:

• Experienced Traders
• Risk-Averse Traders
• International Traders
• Islamic Traders
• Active Traders

Moreover, with no withdrawal fees and no commissions on trades, cost-conscious traders will appreciate the transparent pricing structure.

Safety and Security

easyMarkets prioritizes safety and security, ensuring a reliable trading environment through stringent regulatory oversight and robust protection measures. Regulated by leading authorities such as ASIC in Australia and CySEC in Cyprus, The Broker adheres to high standards of financial security and compliance.

The broker provides account segregation to protect client funds and offers negative balance protection to safeguard against unexpected losses. These measures, combined with advanced encryption technologies, ensure that traders’ personal and financial information remains secure.

easyMarkets’ commitment to these safety protocols fosters a trustworthy trading environment for both novice and seasoned traders.

Frequently Asked Questions

Which regulatory authorities oversee easyMarkets?

It is regulated by ASIC (Australian Securities and Investments Commission) and CySEC (Cyprus Securities and Exchange Commission).

How does easyMarkets ensure the safety of client funds?

It employs account segregation to keep client funds separate from company funds, providing an added layer of security.

Does easyMarkets offer protection against negative balances?

Yes, The Broker provides negative balance protection to prevent traders from losing more than their deposited funds.

What measures does easyMarkets take to secure personal and financial information?

It uses advanced encryption technologies to ensure that personal and financial information is kept secure.

Our Insights

easyMarkets stands out for its robust safety and security measures, including strict regulatory oversight from ASIC and CySEC. Comprehensive security protocols, combined with a commitment to regulatory compliance, offer traders a safe and trustworthy environment for their trading activities.

Affiliate and Partnership Options

easyMarkets offers access to 4 Partnership Plans:

• CPA
• Spreadshare
• Hybrid (CPA+Spreadshare)
• 2nd Tier

With the CPA Plan, Traders can Earn up to $1000 for every referral that registers and trades a certain volume.

Frequently Asked Questions

What is the CPA (Cost Per Acquisition) tool?

The CPA tool allows you to earn up to $1,000 for every referral who registers and meets specific trading volume requirements.

How does the Spreadshare tool work?

With the Spreadshare tool, you can earn up to 40% of the spread from all trading activity of your referrals.

What is the Hybrid tool and how does it benefit me?

The Hybrid tool combines CPA and Spreadshare benefits, allowing you to earn up to $1,000 per referral plus up to 40% of the spread from their trading activity.

What is the Inside Viewer tool?

The Inside Viewer tool lets you earn up to 100% of the commission from the revenue generated by affiliates you have referred.

Our Insights

easyMarkets’ partnership program provides a range of opportunities for affiliates to significantly increase their earnings through various strategic tools.

Minimum Deposit

The minimum deposit to register an easyMarkets account will vary by account type. The lowest minimum deposit required for Standard account registration is 25 USD.

Frequently Asked Questions

What are the different account types available on easyMarkets?

easyMarkets offers VIP, Premium, and Standard accounts across various trading platforms.

What is the minimum deposit required for each account type?

For VIP accounts, the minimum deposit is USD 10,000. The Premium account is USD 2,000. and, the Standard accounts, USD 25. This applies to both the Web/App and MT4/MT5 platforms.

What is the minimum transaction size for trades on easyMarkets?

The minimum transaction size for all account types is 0.01.

What types of spreads are available on easyMarkets?

easyMarkets offers fixed spreads on the Web/App and MT4/MT5 platforms, while Spreadshare tools feature variable spreads.

Our Insights

easyMarkets offers a range of account types with flexible trading conditions across its platforms. With minimum deposits starting at USD 25 for Standard accounts and going up to USD 10,000 for VIP accounts, traders can choose an account that best suits their needs and budget.

Account Types

easyMarkets offers a range of account types with flexible trading conditions across its platforms. With minimum deposits starting at USD 25 for Standard accounts and going up to USD 10,000 for VIP accounts, traders can choose an account that best suits their needs and budget.

The broker provides competitive spreads, varying from 0.7 pips to 1.8 pips for major currency pairs depending on the account type. EasyMarkets also offers substantial leverage, up to 1:2000 on MT4/MT5 for Standard accounts, and robust support including no commissions and access to personal account managers for VIP clients.

Frequently Asked Questions

What types of spreads are available on easyMarkets?

easyMarkets offers fixed spreads on the Web/App and MT4/MT5 platforms, while Spreadshare tools feature variable spreads.

What are the spreads for EUR/USD on different account types?

On VIP accounts, the spread starts from 0.8 pips; on Premium accounts, it starts from 1.5 pips; and on Standard accounts, it starts from 1.8 pips. On MT4/MT5, spreads start from 0.7 pips for VIP, 1.2 pips for Premium, and 1.7 pips for Standard.

What are the spreads for GBP/USD on different account types?

VIP accounts start from 1.4 pips; on Premium accounts, it starts from 1.9 pips; and on Standard accounts, it starts from 2.4 pips. On MT4/MT5, spreads start from 1.3 pips for VIP, 1.8 pips for Premium, and 2.3 pips for Standard.

What is the maximum leverage available on easyMarkets?

Maximum leverage is up to 1:200 for Standard accounts, up to 1:400 for VIP and Premium accounts on the Web/App and MT4/MT5 platforms, and up to 1:2000 for Standard accounts on MT4/MT5.

Our Insights

easyMarkets provides a well-rounded trading environment suitable for both novice and experienced traders.

How to Open an easyMarkets Account

To register an easyMarkets live trading account, the following steps can be followed:

1. Step 1: Visit the easyMarkets Website

Go to the easyMarkets official website.

2. Step 2: Click “Open an Account”

Look for the “Open an Account” button on the homepage and click it.

3. Step 3: Choose Account Type

Select the type of account you want to open (e.g., VIP, Premium, Standard).

4. Step 4: Complete the Registration Form

Fill in the required details, including personal information such as your name, email address, and phone number.

5. Step 5: Verify Your Identity

You will need to provide identification documents for verification. This usually includes a photo ID and proof of address.

6. Step 6: Deposit Funds

Make an initial deposit based on the minimum deposit requirement for your chosen account type.

7. Step 7: Set Up Your Trading Platform

Download and install the easyMarkets trading platform (MetaTrader 4, MetaTrader 5, or the proprietary platform) if you haven’t already.

Once your account is verified and funded, you can begin trading. If you encounter any issues or need assistance during the process, easyMarkets provides customer support via live chat and phone.

Trading Platforms

The Broker offers access to multiple trading platforms, including proprietary and third-party applications. Traders can choose from:

• The easyMarkets App and Web Platform
• TradingView
• MetaTrader 4
• MetaTrader 5

In addition, the Proprietary trading app offers dealCancellation and Free Guaranteed Stop Loss and Take Profit.

Frequently Asked Questions

What trading platforms do easyMarkets offer?

easyMarkets provides access to several trading platforms including the easyMarkets App, easyMarkets Web Platform, TradingView, MT4, and MT5.

How do I trade using the easyMarkets App?

The easyMarkets App allows you to trade and access market information from your mobile device. It is available on Android and iOS and features integrated analytical tools, dealCancellation, and Free Guaranteed Stop Loss and Take Profit.

What are the benefits of using the easyMarkets Web Platform?

The easyMarkets Web Platform offers a user-friendly interface, analytical tools, dealCancellation, Freeze Rate, and Free Guaranteed Stop Loss and Take Profit. It allows trading from any internet-enabled device with zero slippage and access to over 275 instruments.

Can I use TradingView with my account?

Yes, you can use your account to trade on TradingView, which offers advanced charting tools, market analysis, and a social network feature for sharing trading ideas.

Our Insights

It provides a diverse range of trading platforms to cater to different trading preferences and needs. Whether using the easyMarkets App for mobile trading, the intuitive Web Platform for accessible online trading, or the advanced features of MT4 and MT5, traders can benefit from various tools and conditions.

What Markets can I Trade with easyMarkets?

easyMarkets provides access to a diverse range of markets through its intuitive platforms, including Forex, Precious Metals, Commodities, Indices, Shares, and, Crypto.

Frequently Asked Questions

What markets can I trade with easyMarkets?

easyMarkets offers trading in various asset classes, including Forex (currencies), Precious Metals, Commodities, Indices, Cryptocurrencies, and Shares.

What is the Forex market, and why is it popular?

The Forex market, or Foreign Exchange market, involves trading currencies and is popular due to its high liquidity and frequent price movements.

How do Precious Metals function as safe havens?

Precious Metals, like gold and silver, often serve as safe havens during market volatility because they generally move inversely to currencies, stocks, and bonds.

What types of Commodities can I trade on easyMarkets?

It offers a range of commodities, including oil, gas, corn, sugar, and coffee. These are active markets influenced by various supply and demand factors.

Our Insights

easyMarkets offers competitive trading conditions, innovative tools, and strong customer support to facilitate trading across all asset classes effectively.

Fees, Spreads, and, Commissions

easyMarkets is committed to providing transparent and favorable trading conditions across various asset classes. They offer fixed spreads that remain consistent regardless of market volatility, ensuring predictable costs for traders. Clients benefit from competitive leverage options and access to diverse contract sizes suitable for both novice and experienced traders.

Frequently Asked Questions

What kind of spreads does easyMarkets offer?

easyMarkets provides fixed spreads across various asset classes including Forex, Metals, Commodities, Indices, Options, Cryptocurrencies, and Shares. Fixed spreads remain constant regardless of market volatility.

Are there any commissions on trades with easyMarkets?

No, easyMarkets charges no commissions on trades, deposits, or withdrawals. This helps ensure cost-efficient trading for all clients.

What leverage options are available with easyMarkets?

easyMarkets offers leverage up to 1:2000, depending on the account type and asset class. For specific instruments and accounts, leverage ranges from 1:125 to 1:2000.

Does easyMarkets provide any protection features?

Yes, easyMarkets offers negative balance protection, ensuring that clients do not lose more than their account balance. Additionally, client accounts are segregated for enhanced security, and there is a free guaranteed stop loss available.

Our Insights

The Broker offers a robust trading experience with a range of advantages for traders of all levels. Their fixed spreads provide consistent trading conditions, and the absence of commissions on trades, deposits, and withdrawals ensures cost-effective trading.

Deposits and Withdrawals

To start trading with easyMarkets, you’ll need to fund your account, which is straightforward and fee-free. The platform supports a variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, online banking, eWallets, and cryptocurrencies.

• Credit/Debit Cards: Instant processing and no fees. Available with Visa and Astro Pay Card.
• Online Banking: Includes local bank transfers and China Union Pay, with processing times ranging from instant to 24 hours, depending on the region.
• eWallets: Options like Sticpay, Webmoney, and Perfect Money offer a 1-day processing time, with no fees.
• Bank Wire Transfer: Typically processed within 1 working day and free of charge.
• Cryptocurrency Deposits: Supports major cryptocurrencies such as BTC, ETH, and USDT, with processing times up to 3 hours.

In addition, the Broker does not charge fees for deposits or withdrawals, and the payment processing is handled by trusted institutions.

Frequently Asked Questions

What methods can I use to deposit funds into my easyMarkets account?

You can deposit funds using credit/debit cards, bank transfers, online banking, eWallets (such as Sticpay, Webmoney, and Perfect Money), and cryptocurrencies.

Are there any fees for depositing or withdrawing funds?

No, easyMarkets does not charge any fees for deposits or withdrawals.

What is the processing time for cryptocurrency deposits?

Cryptocurrency deposits typically take up to 3 hours.

Is there a limit on the amount I can deposit or withdraw?

easyMarkets does not impose specific limits on deposits or withdrawals, but limits may apply based on your payment provider and account type.

Our Insights

Whether you’re funding your account or withdrawing profits, easyMarkets offers efficient and reliable services to support your trading needs.

Education and Research

easyMarkets offers a comprehensive suite of educational resources designed to support traders at every stage of their journey. Whether you’re a beginner or an experienced trader, you can benefit from a range of learning materials including articles, videos, and eBooks on various trading topics.

easyMarkets Academy provides a free, structured trading education course for all clients. The course covers essential aspects of CFD trading, including technical and fundamental analysis, risk management, and trading psychology. It includes interactive tests to reinforce your understanding.

The easyMarkets Learn Center is an extensive resource featuring video courses and knowledge tests on topics such as market analysis, trading strategies, and financial instruments. By signing up, you gain access to these valuable learning tools and comprehensive educational content.

Additionally, easyMarkets offers free eBooks on subjects like market trading, technical analysis, trading psychology, and specific guides for popular platforms like MT4 and the easyMarkets app.

Customer Support

For any inquiries or assistance, easyMarkets offers multiple channels to ensure you receive the support you need. Support channels include email support and live chat.

Frequently Asked Questions

How can I contact easyMarkets for general support?

For real-time assistance, use the chat feature available on the easyMarkets website.

What are the operating hours for easyMarkets’ customer support?

Customer support hours can vary. For specific operating hours, please refer to the easyMarkets website or contact support directly.

Can I use the contact form on the easyMarkets website?

Yes, you can use the contact form available on the easyMarkets website for submitting inquiries or support requests.

How do I reach out for technical issues or problems with my account?

For technical issues or problems with your account, please contact customer support at [emailprotected] or use the chat feature for immediate assistance.

Our Insights

Whether you have questions about general trading support, partnership opportunities, compliance issues, or technical difficulties, easyMarkets provides dedicated channels including email, live chat, and their international office.

easyMarkets vs HFM vs IronFX – a Comparison

What are the main differences between easyMarkets, HFMarkets (HFM), and IronFX?

easyMarkets offers fixed spreads, multiple trading platforms, and strong educational support, with no fees for deposits or withdrawals. HFMarkets (HFM) provides both fixed and variable spreads, high leverage, and various account types with multiple trading platforms. IronFX features competitive spreads, various account types, and high leverage, supporting multiple trading platforms.

What platforms can I use with easyMarkets, HFMarkets (HFM), and IronFX?

easyMarkets supports its own Web/App platform, MT4, MT5, and TradingView. HFMarkets (HFM) provides MT4, MT5, and WebTrader. IronFX offers MT4, MT5, WebTrader, and a Mobile App.

What leverage is available with each broker?

easyMarkets offers leverage up to 1:2000. HFMarkets (HFM) provides leverage up to 1:1000. IronFX also offers leverage up to 1:1000.

What types of spreads do easyMarkets, HFMarkets (HFM), and IronFX offer?

easyMarkets provides fixed spreads. HFMarkets (HFM) offers both fixed and variable spreads. IronFX offers both fixed and variable spreads.

Our Insights

easyMarkets is found to be best in class with its fixed spreads, no commission on deposits or withdrawals, and robust educational resources.

Customer Reviews

🥇 Thoroughly impressed!

I’ve been trading with easyMarkets for over a year now and I’m thoroughly impressed with their fixed spreads and no hidden fees. The trading platforms are intuitive, and the educational resources have been incredibly helpful in improving my trading skills. Their customer support is also top-notch, always ready to assist when needed. – John

🥈 Great Choice!

easyMarkets has been a great choice for me due to their transparent pricing and excellent customer service. I particularly appreciate their demo account, which helped me get comfortable with trading before committing to real money. The variety of trading platforms available is also a major plus, making it easy to switch between different tools based on my needs. – Emily

🥉 Game-Changer.

Switching to easyMarkets was a game-changer for my trading strategy. The fixed spreads provide clarity and peace of mind, and the lack of commission fees on deposits and withdrawals is a big advantage. I also value their negative balance protection, which has given me the confidence to trade without worrying about unexpected losses. – Michael

Pros and Cons

In Conclusion

easyMarkets stands out for its user-friendly platforms, fixed spreads, and comprehensive customer support, making it a strong choice for both novice and experienced traders. The broker’s commitment to transparency and risk management tools, like dealCancellation and guaranteed stop loss, enhances the trading experience.

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