Detailed easyMarkets Review
The EasyMarkets company was founded in 2001. Today the central headquarters is located in Cyprus. The long-term activity of the company contributed to the improvement of its reputation. Throughout this time, the forex broker has not been criticized and received any negative feedback. The company’s activity is focused on citizens of Europe, Asia, Australia.
General Information about the EasyMarkets:
• Regulators – CySEC, ASIC;
• Central office – Cyprus;
• Year of foundation – 2001.
Registration and account replenishment
Opening a broker’s trading account is not complicated by bureaucratic procedures. But the list of languages of the site interface and personal account is limited. This is only English, Spanish, Polish, Chinese and Arabic. Accordingly, those who do not speak any of these languages may experience problems.
During the registration process, the user will have to choose between a real and a demo account. Free to trade without restrictions. Regardless of the type of personal account chosen, further verification will be required. In the section “My Account” you need to download scanned copies of a personal document. After checking the data, all functions of the personal account will become available.
Refill accounts allowed with the following types of payment systems: Skrill, WebMoney, bank cards VISA / MasterCard, PayPal. Displays money for replenishment details. Please note that you can open an account in any currency (the list includes more than 30 currencies).
After registering and confirming the contact information, the user enters the personal account immediately. From there, there is also a web terminal for trading.
Trading Terms
What trading conditions are offered by the company:
• Leverage – 1: 400;
• The minimum deposit is $100;
• The minimum lot size is 0.01;
• Spread size – from 0 points.
The company offers loyal trading conditions. More than 200 financial instruments are available for trading, consisting of categories: CFDs, Forex, Cryptos, Metals, Commodities, and Indices.
EasyMarkets broker offers several types of accounts:
• Standard;
• Premium;
• VIP;
• Super VIP.
The support service (personal) doesn`t work in the standard account. And to open a premium or VIP account you will need to replenish a deposit for $ 1,000. There are no differences between accounts in other parameters. Only a small difference is represented in trading conditions, depending on the terminal (MT4 or Web terminal).
Broker does not offer investment solutions.
Description of the trading platform EasyMarkets
EasyMarkets Web Platform deserves special attention. The terminal is available directly from your account, while you don`t need to download anything – the platform opens freely from the browser. In addition to the computer version, you can install the application on your mobile device. The web platform is very convenient, deals are opened instantly in one click. Besides, more than 200 instruments and more than 100 technical analysis tools are available for trading.
EasyMarkets Trading Training
To increase the level of skills in trading in financial markets, the fx broker offers several categories of training materials:
• Free e-books for learning Forex;
• Answers to the most popular questions about trading;
• Video materials about trading (in particular, with the analysis of the most popular trading strategies);
• Theoretical material on the site (informational articles).
The broker does not conduct online training courses.
Auxiliary tools can be used for fundamental and technical analysis. For example, the economic calendar, news, forecasts from analysts of the company EasyMarkets.
Partnership program
One of the features of the company is the presence of a developed and developed affiliate program. There are several cooperation programs. The most popular is a one-time reward if the partner you have listed opens a real account with a deposit and makes a trading operation. The second format is the receipt of fixed remuneration, calculated as a percentage of the spread paid by the connected partner.
Also, a hybrid version is available when both formats of cooperation are combined. If you wish, instead of a spread commission, you can choose the format for making a profit for the volume of trading lots made by a connected partner to EasyMarkets.
All accrued funds go to the main account and are available for withdrawal without restrictions.
This is a solid broker and so far everything seems to be working quite well for me. Nikola from their customer service team is always ready to help me, particularly when I needed some help with withdrawing my funds a few weeks ago. Withing a few days I was able to receive my funds. Thanks so much easyMarkets.
The dealCancellation tool is a game changer. It is a powerful feature which can really help to mitigate risk. With this feature I am able to recover all of my trading losses. All I have to do is make sure I turn out the dealCancellation option before I execute a trade.
I only trade one specific asset so I really need easy access to this particular chart to pop up when I login. But, there doesn’t seem to be anyway to make this happen no matter what I try to change on the settings! It’s impossible just to login and make a quick trade which is what I need to be able to do. One time it took more than half an hour to just get my chart to load and get my order executed.
Well, easyMarkets is far from easy, let me tell you. For some unexplained reason they changed my refund method which ended up costing a ton of money. Today I closed my trading account and I gave detailed instructions regarding where my refund should be sent. I asked if they were not going to be able to follow my instructions to contact me right away. Of course, they totally blew me off and ignored my requests, costing me a grip money. Don’t even bother registering for an account with them!
I decided to close my account because the spreads are too wide. I switched to another broker and realized that easyMarkets has a spread that is four points wider than my new broker. Terrible.