If you run into any problems whilst using the easyMarkets platform, a customer support team are on-hand to answer your questions and guide you through any issues you might be having. Members of the customer support team are contactable on a 24×5 basis via phone, live chat, or email. In addition, they also have a good research FAQ section of the website, which addresses the most common queries. Choosing to trade an option takes the trader to a separate options trading screen.
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As published on the website, spreads start at 0.3 pips (EUR/USD), which is very tight, and there are no commissions for Forex trading. Like the MT4 VIP Account, there may be slippage, and the Guaranteed Stop Loss tool is unavailable. With easyMarkets, traders can select from a variety of account types, depending on their country of residence. Mobile app – Traders today have come to expect robust mobile apps, and easyMarkets delivers on this front.
https://traderoom.info/ have developed its independent vanilla options platform which is designed to be user-friendly and promotes simplicity in trading as its core concept the company. It is used by institutional traders to hedge against volatility but also for long-term trading. This platform is simple, yet allows to quickly access easyMarkets CFD and easyTrade platform. It has powerful tools and will give you an exciting trading experience. The first step to achieving success in online trading is choosing the right trading platform. Trading with easyMarkets is made convenient for beginners and expert traders alike.
Well, it is a thing of the past now as the evolution of online forex brokers has changed forex trading forever. This article will take you through one such broker known as easyMarkets. You can read this easyMarkets review before start trading with it & get detailed information like features, regulations, pros, cons, fees, account types & more. After the first impression, however, traders may realize that easyMarkets offers trading conditions that don’t compete well with other leading Forex brokers. While transparency is adequate, easyMarkets does charge traders for the usage of its proprietary trading platform through higher spreads than those available in the broker’s MT4 platform.
- Residents of Pakistan are excluded from this promo and EU clients cannot be referred.
- That said, the instruments available to trade may vary depending on your country of residence.
- We also hope that the information we have provided in this easyMarkets review might be a good fit to start trading with it.
- Based on the trader’s investment capabilities and needs, easyMarkets offer three account types – Standard, Premium, and VIP.
My need now is to make a deposit for live trade and I believe if I need any assistance easy markets will be happy to help. EasyMarkets minimum deposit requires 100$ as a start, while a bigger size account along with VIP and premium conditions demands higher balance maintenance. So by trading numerous instruments, you also may use powerful tool leverage, which may increase your potential gains through its possibility to multiply initial accounts balance. Yet, make sure to learn how to use tools smartly, as high leverage and incorrect use increase risks as well. Despite all the benefits and good trading conditions, we found some disadvantages of easyMarkets. The broker’s market range is strictly limited to FX and CFDs with differing conditions for different jurisdictions.
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Here traders can set their strike price, expiration date, trade volume and then choose if the price will go up or down. The displayed premium price is deducted from the trader’s account once the options are purchased. If he is wrong, he losses the premium and if he is right, he makes a profit. This ensures that users of the platform are afforded high levels of customer protection. Customer deposits are stored in segregated accounts in top-tier banks.
- I recommend that people expect respect from those handling their hard-earned money I lost everything to them.
- You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron.
- EasyMarkets PlatformsTrade more than 3,700 markets without commissions and professional platforms.
- All over the world, most forex and CFD traders have embraced the MT4 because it is free, sophisticated, scalable, and comes with multiple tools.
- To that end, easy-forex advanced minimum deposits from $25 by credit card which was viewed as a pioneering step across the industry.
- The minimum trading size is listed as 0.01 lots in the MT4 trading platform, and 0.05 lots in the easyMarkets webtrader.
MT4 has a wide range of built-in technical indicators for analysing charts on multiple timeframes. You can load pre-set trading strategy templates or create your own and save them for future use. The pending order trading gives you more flexibility and control with the ability to set the rate and date at which you would like your positions to be opened. Freeze Rate can also pause the market at the prices that you want. EasyMarkets do not provide services for residents of certain regions, such as the United States of America, Israel, Iran, North Korea, Iraq and some other countries.
Benefits of trading with easyMarkets in 2023
Avoid EasyMarkets at all costs is you don’t want to lose your money they are MarketMakers interested in making you loose your money. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. Also, always consider easyMarkets rollover or overnight fee as a cost, it is charged on the positions held longer than a day and may be checked directly from the platform. Each instrument has a different condition for overnight positions and may be as a fee or refund.
They offers trading on MT4, Web Trader, Tablet & Mobile apps. EasyMarkets is honest, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission , Australian Securities and Investment Commission . Their outstanding variety of tools will be beneficial for the majority of traders. When engaging in online trading with platforms such as easyMarkets, it’s crucial to thoroughly evaluate easyMarkets as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your easyMarkets investments to flourish. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
EasyMarkets Fees, Spreads, and Commission
However, it lacks materials for advanced traders and doesn’t offer webinars or live education. DealCancellation – unique to easyMarkets, this tool allows clients to cancel an order within six hours of making a trade. Traders are charged a fee for using this service, based on the market volatility of the instrument being traded. EasyMarkets charges low deposit and withdrawal fees compared to other similar brokers. The MT5 Account is, as the name suggests, only available on MT5. This is the only account with variable spreads, which means that spreads fluctuate with market volume and volatility.
Therefore, I feel it should be more than an adequate platform for most retail traders. Currency pairs, indices, commodities, metals, energy, cryptocurrencies, options…..easyMarkets allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on easyMarkets. Since there are no commission fees on deposits or withdrawals or account inactivity, easyMarkets generates most of its revenue from fixed dealing spreads. These spreads remain unaffected by market volatility but vary with the trading account, instrument, and the platform.
Thousands of EAs, technical indicators, and easymarkets broker review tools are already in existence. This has kept many traders stuck with the MT4; making it the most commonly used platform among traders and brokers. Additionally, the platform offers tools for technical analysis, risk management, and full customization. It is also user-friendly and meets the needs of newbies as well as professionals.
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If you want to trade with easyMarkets, you’ll need a minimum deposit of $100. This deposit is compulsory if you wish to begin trading with easyMarkets. This 2023 easyMarkets review will direct you easily about trading with them.
By 2015, the company officially offered over 200 markets in a variety of asset classes. This type of account has spreads from 1.4 pips for EURUSD, and the minimum Deposit is $ 2000. This is an account with a fixed spread of 1.9 points for EURUSD and a minimum Deposit of$25. The amount of leverage depends on the trading instruments or platform that you use, and is also determined by regulatory restrictions.
What Can I Trade
You also get variable leverage ratios that depend on the market’s volatility levels. EasyMarkets offers trading on its innovative proprietary web-based platform and its intuitive mobile app for Android and iOS. Easymarkets website and phone app is efficient, user friendly and makes trading convenient even for the inexperienced trader. The fact that Easymarkts has a link on Tradingview is the icing on the cake. That’s great news for those who want to test out the software first without risking real money.
This now includes forex, precious metals, commodities, indices, shares, and, most recently, cryptocurrencies. Spreads are generally competitive, although not necessarily market-beating, and vary from between 1.8 to 3 pips depending on what account type you have open with them. For users just getting started trading, the minimum account deposit is quite low at just $100, meaning it is relatively easy to get started trading with them. EasyMarkets is a rebranding of Easy-Forex, a broker which has been in operation since 2001.
How does easyMarkets make money?
EasyMarkets was founded as a forex trading platform back in 2001, and since than has become one of the most established and experienced trading platforms on the market. Our detailed easyMarkets Review will explain what it’s like to trade with this broker from Europe. EasyMarkets Forex broker, previously known as easy-Forex, is a market maker broker that is located in Cyprus under the regulatory supervision of Cyprus Securities and Exchange Commission . The broker has expanded its reach to more than 120 different countries, having been a prominent player in the US, European, Australia, and Asian financial markets for many years.
This guide will help you to understand whether easyMarkets is a great match for your own investments or not. We’ve tried to breakdown all of the qualities and charges for your advantage. If you are new to the realm of online trading and brokerages, so many nuances will no doubt be confusing for you. Getting into the area of trading online demands expert analytical skills and thorough understanding. You’ll acquire adept at all of the concepts of online trading and brokerages as you continue trading. For starters, you need to choose the right agent who will consistently be transparent with you.
Eliana, the customer service helpdesk has been very patient and helpful throughout my account creation process. I’d encountered some issues and if it weren’t for Eliana, I would have given up on Easymarkets. Such a nice platform with a great customer service.Received withdrawals on time and its pleasure to business with you. In fact, traders of any level can find some useful information and perform even better trading. Moreover, the broker is extremely awarded once, for the year of their operation, 37 awards were received for excellence in service, trust, and built-in technology. The broker has no 24/7 support, also the instrument range is limited to Forex and CFDs.
By additionally offering TradingView, a popular third party platform with social trading, easyMarkets brings a wide range of platforms and ways to trade to the trader. Traders who want to trade on easyMarkets’ user friendly platform can get lower fixed spreads with higher minimum deposit, down to 0.8 pips for a $10,000 minimum deposit VIP account. EasyMarkets offers fixed spread trading on all its platform, except MT5. Spreads can be lower for accounts types with a higher minimum deposit, but the lowest fixed spreads are on MT4 (0.7). Once you are done setting up your profile, you must deposit a minimum amount to get started.
In the beginning, the firm started accepting initial deposits from $25 and only offered Forex to trade at the time, until it grew to the company that it is now. Over the years, easyMarkets expanded its trading options and CFD offerings to include global indices, energy, metals, and more. In 2016, the name of the company was changed from easy-forex to easyMarkets. Amazingly, you do not have to pay any fees for making transactions.
Easy Markets broker does not charge any commission on all trades. It also provides fixed spreads unlike other Forex brokers who also offer fixed and variable ones. Moreover, the spread will depend on the type of account owned, with Standard Account attracting 3 pips while the VIP Account attracts 1.8 pips.