However, easyMarkets does provide you with the option of trading with different stocks from different markets which gives you options to diversify your portfolio and hedge against risk. The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.
These few seconds make a huge difference in volatile markets like forex and cryptocurrencies, so this tool gives you the chance to make a well-thought-out decision. It is also worth noting that, in line with their ‘honest’ trademark, easyMarkets does not charge any commissions on trades, deposits and withdrawals. Usually withdrawals take from a few hours up to five days but depending on bank services it may take several days longer for the money to be available. EASYMARKETS offers a fair trading environment for most types of traders. EASYMARKETS offers its research options in six sections, though only the blog is original content; the other five sections are a collection of data not created by this broker. The educational section offers more value with a mix of videos and written content. Although provided as the basic version, the MT4 trading platform remains the best choice available.
Easymarkets Accounts
One of the great features is the free stop loss enabling traders to set low prices with which they are most comfortable and activating the stop-loss, which is one of the greatest risk management tools available. easyMarket understands traders and how varied the needs are of every trader and therefore offers several different options when it comes to registration. Anyone registering for the first time with the company can select between the demo account, standard account of the VIP account. By registering a standard account, the minimum deposit required is USD100, although it offers new clients a complete tour of the platforms, technical analysis, as well as basic trading education. Established in 2001 easyMarkets has offered CFD trading uninterrupted for almost 20 years. Beyond the security offered by regulator oversight, easyMarkets also offers clients risk management tools and conditions to better protect themselves. This includes negative balance protection and fixed spreads to ensure price transparency.
As we have discovered, there are no commissions for maintaining your account or trading specific instruments. The only viable commission charge is through spreads, and it’s also worth noting that spreads at easyMarkets are pretty shallow, going as low as 0.9 pips. Another important research segment found during our easyMarkets broker review is technical indicators. These are incorporated within trades to conduct technical analysis and try to predict future price movements as closely as possible. MetaTrader 4 is one of the main trading platforms we found during our review of easyMarkets Forex broker.
Trading Costs
Facebook, Twitter, Instagram, etc., and contact can also be made in that manner. Support hours are not provided, but normal business hours are assumed. Overall, we were satisfied during this easyMarkets Foreign exchange reserves review to see that customer support appears easily accessible, if needed. Most of the commonly traded entities in this category are included by the broker which offers good value.
In this final chapter of our easyMarkets Forex broker review, we’ll have a look at the broker’s customer support department and see, how easy it is to forex communicate with it. Just like with all other features and offerings, we weren’t disappointed by the Contact Us page we found on Easymarkets.com.
How To Deposit Funds
This process places importance on the things we know matter most to traders. Below you can see how easyMarkets scored in each of our high-priority categories. So what are you waiting for signup today for a broker that has more assets, better pricing structure and a wealth of knowledge to change you from zero to hero in trading. If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK , Securities Exchange Commission , or Australia Securities & Exchange Commission it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8.
We were quite surprised to see that there are around 20 different metal instruments that you can trade at easyMarkets. These assets include Gold, Silver, Copper, Platinum, Palladium, and dozens more.
Trading Central is a prestigious research center that provides useful signals to traders and investors. These signals help people get a better grasp of ongoing market developments and be more productive on the market, which is always an advantage of any given platform. forex analytics As our easyMarkets Forex broker review shows, this section is completely free of charge and is accessible for all easyMarkets clients. As you can see from this review of easyMarkets Forex broker, there is a huge number of payment methods for you to choose from.
EasyMarkets offers 24/5 phone support as well as live chat and email support. It provides a number of local numbers and different email addresses for specific queries. EasyMarkets Mobile App is only available on iPhone and Blackberry devices and does not have multi-lingual support.
Standard Account
The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners. The minimum initial deposit that you need to get started with your easyMarkets account is $100. This is a good limit with which you can get started, meaning that both novice and experienced traders can easily get started with trading on easyMarkets. The fact that you can get started with a deposit of only $100 means that the broker does well in this section.
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- With 74% operating accounts at a loss, the cash flow remains substantial.
- Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards.
- The minimum deposit for the standard account is $100, the Premium $1000, the VIP $2500 and the Super VIP $10,000.
- Withdrawals can be made if the required documentation has been supplied, but it has to be sent to the bank account that was used for deposits.
- Finally, easyMarkets also allows its clients to get a demo account and trade any available instrument virtually.
- These features respectively safeguard clients against accruing negative balances and closes losing trades at a specific limit protecting them from runaway losses.
Naturally, the Forex market remains the broker’s primary focus, where asset selection is quite extensive. Lofty spreads represent a critical disadvantage, however, where the mark-up is not competitive. Overall asset selection for pure Forex traders remains exceptional, but traders easyMarkets Introduction may find a more competitive trading environment elsewhere; those seeking cross-asset diversification, will not be served adequately. Commodities and metals are presented thoroughly, but equity and index CFDs are fairly limited, while only three cryptocurrencies are available.
Looking For A Way To Trade More Than Currency Pairs? Read Our Easymarkets Review
It also has zero margin requirements and no spreads, making it easier to calculate P/L when setting your investment goals. Having a helping hand when you are new to trading is immensely helpful. This is why we focus on offering our clients probably the best customer support available. Don’t take our word for it, look at what our clients say about our services. We also offer VIP trading desk that offers a personal market analyst and over the phone trading. Last but definitely not least, we never charge withdrawal or funding fees, so our clients know how much they will pay from the get go.
Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose. Easy Forex Hours provides a quick overview of the status of each major forex markets in the world. Basic Forex Trading Training • Quick Introduction To Forex • Fundamental And Technical Analysis • Metatrader Chart Setup Register Forex Topics. Unlike many other brokers, their account offerings are specifically geared towards new traders. A low 100 USD minimum deposit, a simplified proprietary trading platform, and free SMS alerts offer new traders an easy entry into Forex trading.
Individuals registering a VIP account have access to express withdrawals, higher leverage, 24/7 chat and phone support, SMS updates and on-call analyst. The minimum deposit required by the VIP account is $2,500, although it is the best option for professional or highly experienced traders. It took until 2013 before full sites were added for all tablets and smartphone, Vanilla trading options were added, and the company won multiple awards for its Best Customer Services Provided. easyMarkets is a trading broker which does exactly what it says on the tin; provide easy access to global markets. They offer a range of different asset classes including Forex, Crypto & Stocks/Shares. The Freeze Rate feature allows traders to freeze the displayed price for a few seconds, in theory to allow for the entry of trades.
