Mid - FixedeasyMarkets Review
Table Of Content 👇
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Pros / Cons
- Segregates client funds
- Established in 2003
- Regulated by CySEC and ASIC
- Min. deposit from $1
- A wide range of trading instruments.
- A large number of ways to replenish an account and withdraw funds to a personal card or electronic wallet.
- Several trading platforms
- Opening an account take no more than three minutes.
- Low minimum deposit available for novice traders.
- A wide range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies.
- A wide range of payment systems for easy account replenishment and withdrawals.
- Availability of a base with training materials.
- Innovative tools that allow you to freeze the price of a trade for a few seconds or give additional time during which you can cancel a losing trade.
- Doesn’t offer VPS
- Limited range of instruments
- Only a few ways to contact support.
- The size of the spread depends not only on the asset and also on the type of account and trading platform.
- There are no investment programs and services for copying trades.
- Customer service only supports one language - English.
- The broker does not indicate the working hours of the support service.
Account Types
The company provides VIP Accounts to European Clients. This has maximum leverage up to 1:30 due to regulatory restrictions.
The minimum deposit is 100 EUR and traders can have a Personal Account Manager who can provide them with information about market trends, economic events, investing strategies and more.
Further, traders can have trading insights such as daily fundamental and technical analysis and trading central indicators. The spreads for this type of account are very low.
For Non – European Clients, the company provides three types of accounts (details below) the Standard, Premium and VIP.
The spread change depends to the account chosen. For standard account the minimum deposit is 100 USD, the Premium, 2000 USD and for VIP 10.000 USD.
The maximum leverage for all accounts is 1:400. Personal account managers are assigned to all account holders. Daily emails on fundamental and technical analysis are also provided. easyMarkets supports the use of 18 account currencies
- Standard account: The minimum opening balance for a standard account is £100. Standard accounts have a fixed EUR/USD spread of 3 pips.
- Premium account: Users who opt for a premium account will receive a benchmark EUR/USD spread of 2.5 pips. An opening balance of £1000 is required to open a premium account. Minimum transaction sizes are 0.5 on the web and on easyMarkets proprietary platform, but 0.05 on the MetaTrader 4 platform.
- VIP account: This account features a EUR/USD spread of 1.8 pips. To qualify for a VIP account, users must make an initial deposit of at least £2,500.
- Demo account: This account is available to all traders. It is recommended for new traders who are just starting out. It can also be useful for experienced traders who want to test strategies, or for those who simply wish to try out the easyMarkets platform. Demo accounts come pre-loaded with £10,000 in virtual funds.
A new Bitcoin account is also available, allowing traders to deposit, trade and withdraw in BTC. With no crypto to fiat exchange required, it’s a great option for active crypto investors. Simply select ‘Microbitcoin’ at the sign-up stage to get started.
Assets/Markets
easyMarkets has plenty of assets and investments to choose from. However, it’s worth remembering that the instruments on offer will vary based on the trader’s country of residence – not all instruments may be available to you.
At present, easyMarkets offers ways to trade such as:
- CFDs.
- Vanilla Options.
- Forward Orders.
- easyTrade.
Further, they provide access to multiple markets such as, forex, indices, commodities, metals, shares, cryptocurrencies.
Trading Platform
easyMarkets offers users a choice of two platforms: its own proprietary platform, which is web based (HTML5) and MetaTrader 4 (MT4).
The brand’s own platform is relatively light and features a simplicity and cleanliness which is useful in keeping users focused on trading. However, it may not be quite enough to satisfy more demanding or experienced traders.
On the other hand, MetaTrader 4 is one of the go-to platforms for online trading, and as such it has an excellent reputation.
It allows users to simply log on via the easyMarkets websites and begin trading instantaneously, with no requirement to download any additional apps or software.
Spreads & Commission
Commission percentages on easyMarkets are reasonably low for Forex traders, and generally hover around the industry average on CFD trades.
Trading costs can vary dependent on the type of account the user opts for, and spreads are fixed across both the web platform and MT4.
Fees
Spreads and pricing are transparent and freely available for users to check (Some are listed in our data panel on this review).
Choice of account type can affect the spreads too, though the accounts available to each trader will depend on their geographic location
Payment Methods
Deposits
easyMarkets accepts a multitude of online banking solutions for payment, making it suitable for users all around the world.
With bank payments like SOFORT, Bpay and Giropay available, and eWallets like Neteller, Skrill, Webmone, iDEAL and Fasapay available for depositing funds.
Users can also elect to use bank transfers for deposits and withdrawals, although these could take up to three working days. Most deposit methods are processed instantly, and there are no commission fees for funding your account.
In line with regulatory practices, account holders must be verified before any payments are approved.
Proof of address and proof of identity is required. If a credit card is used to fund the account, easyMarkets may require further documentation.
Withdrawals
As with deposits, easyMarkets offers a variety of ways to withdraw money.
However, withdrawals must be made by the same means as the initial deposit.
The minimum withdrawal amount is £50. Payments are processed quickly via the easyMarkets platform. All withdrawals are correctly documented, allowing users to keep track of their history.
easyMarkets does not currently charge withdrawal fees, making it an attractive choice for traders around the world. The brand is constantly adding new currencies, and users are encouraged to check via the official website to confirm whether they can make a withdrawal in their currency of choice.
1:400
The EasyMarkets broker is an international broker that has been in the financial services industry for over 20 years. Its activities are regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). The Financial Services Commission of the British Virgin Islands (FSC BVI) and the Seychelles Financial Services Authority (FSA) also act as regulators. Clients’ funds are held in segregated accounts that the broker is unable to access.