easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.
Founded in 2001, easyMarkets is regulated in one tier-1 jurisdiction and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading.
easyMarkets is best known for its proprietary web-based platform that is easy to use and offers two beginner-friendly features: dealCancellation and Freeze Rate. Low-points in the easyMarkets lineup include a lack of extensive forex market research tools, a limited offering of just 256 tradeable instruments, and a mediocre mobile app.
Despite offering free guaranteed stop-loss orders (GSLO), we do not recommend the easyMarkets MetaTrader 4 (MT4) offering. With MT4, alongside uncompetitive pricing, easyMarkets excludes market headlines in desktop and does not offer the browser-based version.
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Is easyMarkets (https://record.partners.easymarkets.com/__cYIXbK9OOlj0rmnDgVgjWNd7ZgqdRLk/1/) Safe?
easyMarkets is considered average-risk, with an overall Trust Score of 81 out of 99. easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). easyMarkets is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.
Commissions & Fees
Account types: easyMarkets offers three account types for which trading costs (spreads + any commissions) vary, and spreads are fixed (not variable) across web platform, MetaTrader4 (MT4), and a VIP account.
Minimum & Spreads: The most competitive pricing easyMarkets offers is on its VIP account, which requires a $2,500 deposit, as well as its web platform, which requires a $250 deposit. Both accounts offer fixed spreads of 0.9 pips on the EUR/USD on the easyMarkets platform, compared to 3 pips when using the MT4 account.
Feature easyMarkets (https://record.partners.easymarkets.com/__cYIXbK9OOlj0rmnDgVgjWNd7ZgqdRLk/1/)
Minimum Initial Deposit $100.00
Average Spread EUR/USD - Standard 0.9 (as of Mar 2020)
All-in Cost EUR/USD - Active 0.9 (as of Mar 2020)
Active Trader or VIP Discounts Yes
easyMarkets offers two platforms, its own proprietary HTML5 web-based platform and MetaTrader 4 (MT4).
Beyond a watch list (favorites list), news, charts, sentiment indicator, and a few other tools, the easyMarkets trading platform is otherwise light. The clean and simplicity focused platform design does well in keeping users focused on trading, although it will not be enough to satisfy more demanding traders.
Trading tools: Two unique tools offered through the easyMarkets (https://record.partners.easymarkets.com/__cYIXbK9OOlj0rmnDgVgjWNd7ZgqdRLk/1/) platform include dealCancellation and Freeze Rate. For a small fee, the dealCancellation feature gives you a specific amount of time to have the option to undo your trade and reclaim your losses. Meanwhile, the Freeze Rate button allows you to "freeze" a quote for three seconds (also for a small fee).
Both tools appear attractive, but clearly, easyMarkets advertises them for a reason, which means that overall, they must be profitable for easyMarkets. Also, in support of less experienced traders, easyMarkets (https://record.partners.easymarkets.com/__cYIXbK9OOlj0rmnDgVgjWNd7ZgqdRLk/1/) platform offer guaranteed stop-loss orders (GSLO) for free, compared to most brokers who charge a small premium.
easyMarkets Review By FXEmpire_com
Initially established in 2001 as "easy-forex", easyMarkets is a leading online forex and CFDs broker. With their offices in major cities around the world, easyMarkets is able to provide their clients with unimpeded access to the international financial markets. In terms of product and services, easyMarkets offers a wide selection of instruments for traders to trade with. These include the spot forex market, CFDs and options.