EasyMarkets Review – Is EasyMarkets Scam or a Proper Broker?

EasyMarkets Review

EasyMarkets is a broker that is based in Cyprus. It was started in 2001 and has always been praised for their platform as it is very easy to use for clients. This brokers’ main goal is to give you appropriate features and tools so you can trade with ease without worrying about scams. It is regulated by CySEC, ASIC, and FSC. It has won multiple awards for its great service globally.

Fees

This broker has its costs organized in a fixed spread. There are no commission charges. There is no deposit or withdrawal fee. However, there is an inactivity fee but it is ranked average. The VIP account has the most competitive pricing as it is for traders of high ranks.

Account types

EasyMarkets offers its clients with 3 account types, and a VIP account. This VIP account has a minimum deposit of $2,500, and a $250 deposit on its web platform. The two accounts offer spreads of 0.9 pips which are fixed. The trading costs vary depending on which account you create, so you should do your research before actually creating one.

This broker also offers the use of a demo account. Demo accounts are great for people who are just getting into trading as it allows them to try out tools and strategies without the added monetary risk. A broker should have many tools to accommodate traders of different levels.

Trading Instruments

EasyMarkets offers over 200 instruments to trade from like metals, energies, indices, and cryptocurrencies like Bitcoin and Ripple. The rates of these instruments are given in real time. Moreover, this broker allows you to use negative balance protection and guaranteed stop loss, which is free of cost. These are useful trading strategies to ensure its clients safety.

Deposits and withdrawals

Depositing and withdrawing funds is a hassle-free process. You can make deposits through credit or debit card, bank transfer or e-payments like Neteller. These deposits are completely free and there are several base currencies to choose from. The minimum deposit here is $100, while most brokers have a minimum deposit of $500.

EasyMarkets confirms withdrawal requests in 12 to 24 hours. There is no withdrawal fee from the broker itself, but you should always see if any fees are charged from your payment provider’s side. Clients can easily withdraw money by opening ‘funds management’ on their own account.

Trading platforms

You can open EasyMarkets on the web which allows ease as you don’t need to install anything on your computer. The platform is made to fit the needs of traders, whether they are professionals or beginners in the industry.

Along with this, the broker has also developed an app that you can install on your mobile phone for further convenience. This app can be installed on iOS or Android. This is useful for times when you don’t have your laptop with you and may need to stay updated.

Research 

Another thing about EasyMarkets is that it offers analysis tools. These tools are continuously being developed and updated along with other features of the broker. Along with these, you can customize your account based on your needs and liking. It has a unique feature which allows you to guess changes in a certain price and instantly execute orders.

Customer support

This broker has organized a customer support team which is available 24 hours a day and 5 days a week. Clients can reach them and ask questions through phone, email, and even live chat. The only disadvantage is that they are not available for support on weekends, but they try their best to answer promptly and relevantly to solve any queries or questions you may have.

Education

EasyMarkets has some information you can use to your advantage. A trader should have good knowledge and this broker may be able to provide you with some. It should be kept in mind that this broker also won 37 awards in one year for its great technological advancements and continued efforts to improve the broker to match traders’ evolving needs. Moreover, this was its year of operation.

Conclusion

This broker is constantly praised for offering transparent conditions and excellent service to its clients. EasyMarkets offers a wide range of instruments, accounts and tools, alongside tight spreads which are beneficial for traders of different levels. Overall, this is a trustworthy broker which strives to give traders a good experience.