EasyMarkets Broker Review

easyMarkets at a glance:

Regulation : Yes (CySEC, ASIC)
Minimum Deposit : $100

Demo Account : Yes
USA : No
Mobile : Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

 

 

easy Markets logo

 

General Overview

easyMarkets is a diverse broker that was founded in 2001 to make trading possible for everybody. This was the firm that democratized trading and was the first to offer a true online trading platform. They have been in the business for almost 20 years now which makes them a very reliable broker.

In 2016 they were rebranded from easy-forex to easyMarkets as they were offering other assets to trade than the only forex. It was also their 15th anniversary and they published their new website and trading platform.

easyMarkets have a very large educational center for their clients. You can find ebooks from trading psychology to options strategy. They also offer videos on how to get started, other ebooks, basic knowledge and term glossary and FAQs about CFDs, Options, Indicators, and Products. On top of those, you can use their financial calendar, market news and other sources of information and data to keep track of the possible swings in the markets.

easyMarkets does not provide binary options, but vanilla options. Vanilla options have similarities with binary options but there are differences as well, which makes it different from binary options. The main differences between these two are payouts, expiry dates, and execution.

Payouts in binary options (if the trader wins) are fixed, whereas with vanilla options the amount has no limit. Vanilla options expiry dates have full flexibility and tailored by the trader, binary options expiries are typically minute or even less. easyMarkets traders can exercise their option with no obligation at any time within the life of the contract, this is not the case for binary traders, who have no option once a contract is entered into.

Binary Options in Europe

Binary Options trading has been banned by The European Securities and Markets Authority for European retail traders. This means that EU regulated brokers will no longer be offering these products to European traders. However, if the broker is regulated by some different authority, they are able to offer Binary Options.

Avoid brokers that are not regulated at all as they usually are pure scams. Brokers that use the blockchain platform are considered as trusted brokers since the blockchain effectively makes an end to trading frauds.

Vanilla options – easyMarkets

easyMarkets does not provide binary options, but vanilla options. Vanilla options have similarities with binary options but there are differences as well, which makes it different from binary options. The main differences between these two are payouts, expiry dates, and execution.

Payouts in binary options (if the trader wins) are fixed, whereas with vanilla options the amount has no limit. Vanilla options expiry dates have full flexibility and tailored by the trader, binary options expiries are typically minute or even less. easyMarkets traders can exercise their option with no obligation at any time within the life of the contract, this is not the case for binary traders, who have no option once a contract is entered into.

Assets Coverage

With easyMarkets you are able to trade a wide variety of different tradeable, such as CFDs, forex, metals, commodities, indices, options, and cryptocurrencies. In total, they offer over 200 markets to trade.

Types of Platforms

easyMarkets use MetaTrader 4 as their trading platform. You can also use the WebTrader or mobile application which is available for Android and iOS devices.

There are different account types to select from Standard, Premium, VIP and Super VIP. The differences between these accounts are the minimum deposit, minimum transaction sizes, fixed spreads, SMS notifications, personal account manager and support availability.

Deposits and Withdrawals

easyMarkets accepts credit and debit cards like Visa, Mastercard, Maestro, American Express and JCB. They also accept e-wallets like Neteller, Skrill, FasaPay and online banking systems such as Sofort, GiroPay, iDeal, WebMoney, BPay and local bank transfer. UnionPay is the only payment method accepted from China. Deposits can also be done with a bank wire.

Customer Service

You can contact customer service via Viber, Messenger, email, live chat or just by calling them. easyMarkets customer service is helpful and easy to contact since there are so many ways to get in contact with them.

Safety & Security

easyMarkets is regulated by CySEC and ASIC and they keep all client funds separate from their own company funds. Everything is stored in a safe and secure bank, only you can access your funds. easyMarkets does regular risk management to identify and control all risks.

Awards

easyMarkets has won their first award in 2010 and have got 36 awards more after that. The most recent ones are listed below, you can find the whole list of awards on their website.

  • Best APAC Region Broker 2018
  • Most Transparent Broker 2017
  • Best Forex Service Provider 2017
  • Best Trusted by Investors 2017
  • Best Trading Platform 2017
  • Best Trading Platform Poland 2016
  • Best Trading Platform UK 2016
  • Excellent Trading Platform 2016
  • Golden Consumer Award 2016

Verdict

easyMarkets is a broker with a long history in the industry, it’s a service provider which was the first to introduce a true online trading platform and made trading possible for the big audience. They have a large number of different assets to trade. easyMarkets is a regulated broker and they have been awarded many kinds of awards during their almost 20 years of operating. If you want to find a broker that has a good reputation and a long history to make sure they are not going to vanish suddenly, then easyMarkets is for you.

 

Start Trading with easyMarkets

 

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”