Regulated forex broker EasyMarkets review- trade forex with top licensed broker
Category : Investing
For over 15 years, EasyMarkets a licensed regulated forex broker has been offering financial trading services to traders from over 150 countries. Initially, the broker was called Easy forex when it launched in 2001. This makes them one of the pioneers of the online forex trade industry. EasyMarkets longevity in the industry can be attributed to a number of factors. These include innovation and introduction of unique platform features. It also includes their focus on providing trader friendly features to make it easier for you to profit from trading.
Besides offering a financial trading platform, Easy Markets has been involved in sponsor ships for various sports teams and shows. These include the Canterbury Bankstown Bulldogs of the National Rugby League in 2014. The company’s work hasn’t gone unnoticed and they’ve received several awards over the years. The most recent was the Best Partner Program in Europe which was awarded in 2015.
If you’re looking to trade forex with EasyMarkets, read on for unbiased regulated broker review about this company.
Easy Markets headquarters and offices
EasyMarkets operates 4 different offices spread across the globe.
Their headquarters are in Cyprus. They’re located in the Griva Digeni 1 Avenue, Kriel Court, Office 303 in Limassol. You can contact their offices through +357 828 899.
The Easy Markets Europe branch is located in Warsaw, Poland. Their offices are in the Warsaw Financial Center Ul. You can call their Poland branch at +48 628 4120 or +48 307 51 25.
For Asia Pacific clients, this broker has opened an office in Sydney Australia. Their office is located in suite 703, 65 York Street. The Sydney office customer support team can be reached at 1300 303 908.
Easy Markets international clients are catered for by their Marshall Islands branch. Their offices are located at the trust company complex MH 96960 along the Ajeltake Road on the Ajeltake Island. You can call their office through +357 25 828 899.
Is EasyMarkets regulated and by which financial authorities?
One of the ways easy Markets has managed to build trust with traders from across the globe is acquiring licenses from relevant financial authorities. Currently, the broker is licensed by both the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). Its license numbers are 079/07 and 246566 respectively.
Being regulated not only allows Easy Markets to operate within Europe and the Asia Pacific regions, it makes the broker committed to its clients through several ways which include the following.
Your deposit is kept in segregated accounts separate from the Easy Markets accounts. This means that only you can access your funds for trading. Even for VIP accounts where you have a dedicated account manager, your consent will be needed if they are to use your funds to trade on your behalf. All funds are kept in secure top tier banks. Easy Markets will always ensure they have sufficient liquid capital to cover all deposits made with them.
CySEC and ASIC control funds which are meant to compensate investors who have deposited money with the broker. If in any case easy Markets defaults or acts in such a way that you lose your investment, you’ll be entitled to monetary compensation. Europe traders can get amounts not exceeding EUR 20000.
Traders whose accounts are registered with the Easy Markets Australia branch (ASIC regulated) are compensated based on the amount they are claiming. Complaints are handled by the Australian Financial Ombudsman Service (FOS) which is the recognized external dispute resolution scheme. It’s worth noting that FOS only handles claims worth $500,000 or less.
Easy Markets features
When choosing a regulated broker to invest with, your goal should always be to find the unique features that make them stand out. We’ve already established that this broker is one of the pioneers of online forex trading. With over 15 years in the market, it’s safe to assume that they’re a stable business which isn’t going to collapse any time soon.
We have also established that they’re fully regulated and authorized to operate within Europe, Australia and other regions of the world. And here are the other features make this list regulated broker worth considering.
Over recent years, Easy Markets has been introducing several changes to their platform. This includes the introduction of unique tools that help traders make more money. These tools include the following:
The Deal Cancellation tool allows you to exit losing trades and thus protecting your investment. Although designed for this purpose, it can also be effectively used to make bigger profits. For example when the markets are highly volatile, you can enable the Deal Cancellation tool just in case a winning trend suddenly reverses.
It’s worth noting that exiting losing trades with this tool will attract a small fee. However, it’s better than losing your entire invested amount. The Deal Cancellation functionality will remain activated for 60 minutes. This comes in handy when you want to hold position for not more than 1 hour.
The Freeze Rate tool is another feature that’s designed to help traders keep more of their profits. It allows you to freeze the price of an asset for several seconds allowing you to observe the price movements. This few seconds price movements analysis allows you to make a better decision whether to place a call or put based on the frozen price or not. This tool can also be leveraged to avoid paying high spreads on your trades.
Two platforms AND mobile trading app
The trading platforms any forex broker website is built upon affects the number of features available, accessibility and execution speeds. Easy Markets provides two main platforms for traders to choose from. These are the Easy Markets platform and the popular MT4 platform.
Each of these platforms has its unique features which make it suitable for specific trading styles. If you have never used either platform, you can give each a trial run through their demo account before settling on the one that best meets your needs. Easy Markets also provides a detailed comparison table that explains the differences between the two platforms.
Besides these two, there’s also the EasyMarkets trading app. It was created to enable traders have access to their accounts at all times. The app allows you to perform most tasks you’ll perform on the Easy Markets platform including depositing and withdrawing from your
account. It comes in a simple and easy to navigate user interface that makes trading quite easy. The app is available for both iOS and Android devices.
Two trading account options
If you are a new trader and want to try out this list regulated brokers platform for free, you can sign up for their demo account. This allows you to experience how trading with a real account feels without having to invest your own cash. The demo account is only accessible for 8 days after which you have the option to open a real cash account. If you open a real cash account, you’ll have unrestricted access to the demo account.
Once you decide to open a real cash account, you have two options; the standard account and the VIP account. Both accounts immediately give you access to over 300 global markets. However, there are some differences the main ones being that VIP account gives you access to a personal analyst/account manager and significantly lower spreads. The VIP account also offers additional advantages such as higher leverage, custom bonuses, express withdrawal and free trading signals.
To open a standard trading account, you’ll need a deposit of $100. The VIP account on the other hand will cost you $2500.
Huge educational resource
If you want to learn how to use the easy Markets platform fast, they have created a huge educational resource for both amateur and experienced traders. It includes a learning center packed with video and text tutorials.
The educational resource also includes specific sections such as CFD and options FAQs which provide in-depth information about how to get started trading. This forex regulated broker also runs a blog which provides updated financial information that you can use to enter into more winning trades.
Get rewarded for joining or referring someone to easy Markets
Get rewarded for joining or referring someone to easy Markets
This broker is known for rewarding traders for their efforts. For example, in 2014, they run a promotion that rewarded the most successful trader $1 million.
Currently, they’re rewarding traders who join with a signup bonus of up to 50% the
amount you deposit. For new VIP account holders, the bonus might even be higher. Easy Markets is also rewarding existing traders for referring their friends to the platform. On average, you will earn 10% of the first deposit your friend makes to their account. However, the minimum deposit amount is $250.
Easily accessible customer support
One of the biggest complaints you’ll find on online trading forums is poor or unreachable customer support. EasyMarkets has invested in a professional customer support team in each of their offices. Besides the phone numbers given earlier in this regulated broker review, you can also contact easy Markets support staff via email and live chat. Emails are usually responded to within 24 hours.
Trade from almost any country in the world
Many online brokers often shut out traders from most parts of the world. The main reason for this is that they are not authorized to offer their services to citizens of specific countries. Through their licenses issued by CySEC and ASIC, Easy Markets subsidiaries are able to offer their services to citizens of countries in Europe, Asia, Australia and New Zealand. The company also offers its services to traders from South and Central America as well as Africa. Unfortunately, their services are still not available to US and Canadian citizens
The types of assets you can trade on the Easy Markets platform
Easy Markets offers over 300 different instruments you can trade through the platform. These instruments are drawn from several financial assets that include CFDs, Cryptocurrencies, indices, options, currency pairs and commodities.
Easy Markets deposits and withdrawal options
To get started, you’re required to deposit at least $100 for a standard account or $2500 for a VIP account. Easy Markets accepts several payment methods that include bank transfer, credit or debit card and eWallets that include Neteller and Skrill. Interestingly, they currently do not support PayPal as a payment option. The time it will take for your deposited amount to reflect in your account largely depends on the payment method you use. EWallet and credit/debit cards will take a few seconds to 1 working day. Bank transfer on the other hand will take up to 7 working days.
If you wish to withdraw funds from your easy Markets account, you can send funds to any of the accepted payment methods. Generally, you’ll withdraw to the account you used to fund your account. There’s no minimum withdrawal amount for eWallet, credit card and debit cards. If however you’re withdrawing to a bank account the minimum amount that can be processed in $50. Depending on the payment method used, your funds will take between 3 and 10 working days to reflect on your account. Both deposits and withdrawals do not attract a fee.
Easy Markets Pros and Cons
- Fully regulated and authorized online broker offers services to traders from different regions in the world
- Unique tools such as the Deal Cancellation and Freeze Rate allow you to minimize losses on trades
- You can choose between the standard and VIP accounts depending on your specific trading needs
- Extensive learning resources make it easy to get started trading
- Over 300 tradable instruments allows you to diversify your portfolio from a single platform
- Traders can earn from referrals and bonuses offered by the broker
- Several payment options accepted to suit different trader preferences
- The platform supports only 4 languages (English, Polish, Chinese and Arabic) which limits access
- The broker doesn’t offer services to traders from certain countries including the USA and Canada
- Standard account holders need to upgrade to VIP accounts to access premium features and services
- The platform doesn’t offer ETFs and stocks
- Demo account accessible for 8 days only unless you open a real trading account
Since 2001, easy Markets has built a reputation for being one of the most innovative online financial brokers. A fully regulated broker, they put trader interest ahead of earning profits. This can also be seen in their investment in tools like the Deal Cancellation which make it easier to exit losing trades. Traders are also handsomely rewarded for using the platform. With no fees being charged on withdrawals or deposits and low spreads, this forex regulated broker has placed a lot of focus on ensuring traders keep a large portion of their profits. Overall, easy Markets has proven itself a reputable online broker for over 15 years so it’s worth considering if you’re looking for a list regulated broker to invest with.