Initially established “easy-forex” in 2001, easyMarkets has become one of the biggest players on the forex market. Since the company is committed to providing their customers with transparency in their operations, they are voluntarily submitted to be regulated by various leading regulatory agencies across the globe. easyMarkets is regulated and licensed by the Cyprus Securities Exchange Comission (CySEC) and is under CIF license #079/07. It is also licensed by the Australian Securities & Investments Commission (ASIC) under number 246566. Compliance with two major regulatory agencies means easyMarkets is a reliable broker. The main offices are situated in Warsaw, Shanghai, and Sydney.
With easyMarkets, you have multiple options when it comes to choosing a platform to trade on. No matter which one you choose to go with, the trading conditions will be satisfactory either way.
With accessibility being such an important factor in the world of trading, the easyMarkets web platform is the tool for you. Packed with useful features, the web platform allows you to:
One of the most popular choices among traders, the MT4 trading platform comes with great trading conditions that many users grow to appreciate.
With instant access to the market via the trading app, you will never miss an important trade. Intuitive in design and relatively user-friendly, the app will provide you will all the info you need to conduct trading operation.
One of the few drawbacks of easyMarkets is that there is essentially only trading account available, with the second version being an upgraded one, which takes away from some of the options available with other brokers. These are the standard trading account, and the VIP trading account. A trial demo account is also available, but for a rather limited time of 8 days.
When it comes to deposits, easyMarkets accepts fund transfers via e-wallets such as WebMoney, Skrill, Neteller, bank transfers and wires, and credit/debit cards. Neither the deposits nor withdrawals have commissions. When withdrawing to e-wallets and credit/debit cards, there is no minimum withdrawal amount. For bank account on the other hand the minimum amount is $50.
With a relatively diverse base of clients, the easyMarkets website is available in 3 additional languages – Arabic, Polish, and Chinese. The company provides support throughout the whole day from Monday to Friday. In the event that the support team has to be contacted, there are several different options of establishing communication. You can contact the support staff directly via the websites live chat, send an email, a fax, or give a call by phone. Should you need some catching up to do, the learning center has a lot of options available for those wishing to extend their knowledge in the field.
When it comes to bonuses and promotions, there are only two things that are worth mentioning. The first is the 50% bonus on the initial deposit. Keep in mind, however, that this bonus as capped and limited to $2000, meaning no additional money will be gifted as a bonus after the $4000 point. Additionally, there is a promotional program that goes by the name “Share and earn”. With each successful referral and introduction that you make, you will be paid a promotional fee. An important point worth mentioning is that the bonuses provided by easyMarkets are strictly for trading purposes, meaning clients will not be able to withdraw them, and the bonus will be deducted from their free balance.
easyMarkets seems to take the middle ground in terms of rating in the sense that it is good enough to fool around with and learn some of the trading basics, but not sustainable in the long term, especially considering there are better alternatives out there. With only one trading account available, easyMarkets has to make up for the fact with its strict regulations and transparency, which doesn’t really help you accomplish anything either way.
There are also instances when the case is the direct opposite with the support department being slow to reply when it is most critical, like withdrawal processes.