Easymarkets Forex Trading Review March 2021

Also, the minimum credit bonus is $30, and the minimum amount for deposit is $100. Using this promo, a maximum bonus of $2000 can be received.

The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility. EasyMarkets is one of the few major brokers who offer fixed spreads to traders. This is great if you want to get a picture of exactly how much your trades will cost.

New clients outside the EU receive a first deposit bonus of up to 50% on their initial deposit. Minimum deposits sit at £100, with a minimum credit bonus of £30. Users who make a first deposit between £200 and £1000 will receive the full 50% bonus. A maximum of £2000 can be received as a result of this offer. Demo accounts come pre-loaded with £10,000 in virtual funds, which can be traded in much the same manner as real funds. There are no restrictions on the demo account, and the idea is to provide users with as accurate an experience of how the real thing works. Because Forex is traditionally seen as a risky means of trading, new users are encouraged to put their skills to the test in easyMarkets’ free demonstration mode first.

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• Initially established “easy-forex” in 2001, easyMarkets has become one of the biggest players on the forex market.
• easyMarkets likes to offer bonuses and promotions to its users to express gratitude for their patronage.
• A unique tool which allows you to freeze the price you see, giving you a buffer of a few seconds to perform your trade.

easyMarkets is a must trade with forex broker given the unique features it offers backed by over 200 Contract for Difference products. The broker provides support for over 95 currency pairs allowing traders to diversify their trading activity in the forex market. The broker offers both major and minor currency pairs as well as exotic currency pairs and cryptocurrency pairs. An EasyMarkets VIP account offers many great benefits including a reduced spread on forex trading at the broker. The spread with this type of account starts at 0.9 pips with a free guaranteed stop loss available. The minimum deposit required here is also kept quite low and accessible. With this VIP account it is also possible for you to upgrade your account type directly from an MT4 account too whenever you wish.

In addition to dealCancellation, the broker also offers a unique trading tool called Freeze Rate. This feature lets traders freeze the price they see, thus gaining a few seconds to place their trade. To those skilled enough, such a feature offers a great advantage. EasyMarkets uses the same methods to process withdrawals, and no commissions are charged for deposits to or withdrawals from an easyMarkets trading account. The company processes all withdrawal requests within two business days, but depending on the bank and the location where the funds are being sent, the process could take from 3 to 10 business days. There is no minimum withdrawal amount, and all withdrawals are sent back using the same payment method as the original deposit was made with.

Clients can utilize the chat feature on Facebook, WhatsApp, etc. to communicate with customer service. In fact, you can also use the message form that is available on the website. There are different promotions and bonuses on offer for the traders. However, these benefits are not for EU clients as per the regulatory demands of CySEC. There is no need to download anything as the trading platform runs on all operating systems. With vital learning tools, reliable support and user friendly customer service options, you can have a much easier time than you might with some of their numerous alternatives out there.

Excellent And Prompt Customer Service

All client funds at easyMarkets are separate from company funds, and are kept safe and secure in top tier, low credit risk, global banks. easyMarkets also claim to maintain sufficient liquid capital to cover all client deposits, potential fluctuations in the company’s currency positions and outstanding expenses.

This includes indices from around the EU, UK, US, Australia, and Asia. Here are a couple of other fees which you may encounter when trading at EasyMarkets.

Trading Platforms

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As far as minimum spreads are concerned, the width of the spread depends on the type of trading account the trader is executing transactions in. For a standard account, spreads start from three pips, while premium account holders get more competitive spreads beginning at 2.5 pips. The VIP account holders have access to the lowest dealing spreads, which start at 0.9 pips. To open a live account, you’ll need a minimum deposit of at least €1. Alternatively, EasyMarkets offers a demo account that you can use to practice and familiarise yourself with their platform. As an established broker with almost twenty years of trading experience under its belt, easyMarkets is a simple but welcome platform which offers several advantages over its competitors.

Easymarkets Islamic Account Review

Also, whenever there is a request for withdrawal, the account holder is verified per the regulatory requirements. In fact, all the withdrawals are only sent to the original deposit method that was used. There is a first deposit bonus, which is rewarded to new clients with up to 50% on their very first deposit.

The online trading world welcomed easyMarkets in 2003 which originally was incepted with the trade name “easy-forex”. easyMarkets provides for an exciting and challenging trading world as it is one of the pioneer market creators. EasyMarkets is an innovative online trading brokerage who has been revolutionizing how people trade and invest in the financial markets since their establishment in 2001. EasyMarkets was one of the first online trading brokerages to accept low initial deposits of just $25 and offer institutional level tools and services to ordinary traders and investors.

Mobile trading with the broker is provided through the EasyMarkets app. This app is available for mobile trading through iOS or Android devices and is very easy to use as well as being sufficiently in-depth to include a good range of tools and indicators. Altogether it makes trading on the move a very easy experience. Again with this type of account, the minimum deposit remains at a very competitive $100 only, so it is very easy to get started.

Besides, the company also offers Negative Balance Protection as well as Free Guaranteed STOP LOSS. In this regard, it makes use of segregated Accounts and follows transparent processes in all their communications and relations with the customer. As per law, easyMarkets is required to execute regular monitoring and reviews of how the accounts are kept and operated.

How Is Management Perceived At Easymarkets?

Those who feel cheated are always more motivated to raise their voices. EasyMarkets is indeed a legitimate broker in the sense that it does not trick its users into believing its services are different from what they really are. Please note that easyMarkets does not presently accept customers residing in the United States. EasyMarkets has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options. As a nice bonus, EasyMarkets are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage . With EasyMarkets, the minimum and maximum trade requirements vary depending on the trader and the instrument.

They have built a trusted reputation in the industry over many years. If you make a mistake and open a position that then starts to lose money on your misjudgement, you can close that position and have your losses refunded for a small fee in many cases. Several indices from all over the world are available to trade as CFDs.

Here is a detailed look at exactly which markets and assets are available to be traded. Another platform available through the broker is their proprietary vanilla options trading platform. This facilitates options trading through a very intuitive webtrader platform. This trading platform can also be accessed directly through the EasyMarkets web platform if you are interested in vanilla options trading. At EasyMarkets, more than 80 CFDs markets are offered through the platform, all of which are available with fixed spreads. One of the most-recognized and respected trading platforms in the industry, MT4 desktop is an easy to use, highly customizable third party platform that has been around for many years. It also provides features to allow for algorithmic trading through EAs and is easy to run on almost any machine.

Past performance of any financial product is no guarantee of future results. Ensure you understand the nature and exposure to risk before dealing in any financial product. easyMarkets is always at hand to respond to any queries that clients and prospective traders might have in the effort of trading CFDs.

Basically, easyMarkets provides straightforward access to 200 plus trading instruments – including forex options – and this is clearly one of the broker’s main advantages. The company’s comprehensive trading platform, educational information and free trading signals are additional benefits. Other good features include the broker’s transparency, guaranteed order levels, negative balance protection and deal cancellation ability. Those who like to trade a greater variety of markets can access as many as 200+ different trading instruments on any given day via this broker. The Forex brokerage easyMarkets offers the exclusive Vanilla Options on its trading platforms.

Does Easymarkets Offer Customer Support?

The Forex enterprise of easyMarkets is sternly regulated and overseen by CySEC in accordance with the stipulations of EU law. Thanks to sensitivity analysis reports, investors are capable of analysing the trade outcomes and checking out what their rivals are trading. The incredible Vanilla Options can be tried out for free via a demonstration account. With them, the maximum deal length for most currency pairs is six months, while for USD versus WTI crude oil, that length is only one month). The majority of minimum premiums vary from less than $1 (CZK/USD) to around $20 (XAU/USD). Thanks to these options, you are permitted to buy with a known maximum risk which is your position’s initial investment.

A trial demo account is also available, but for a rather limited time of 8 days. One of the most popular choices among traders, the MT4 trading platform comes with great trading conditions that many users grow to appreciate. Initially established “easy-forex” in 2001, easyMarkets has become one of the biggest players on the forex market. The MT4 is the standard trading platform, given its capabilities. With the platform, to enhance traders can buy apps which compatible with MT4 to gain excellent trading experience. The app comes with an array of trading tools in the form of indicators and supports expert advisors. EasyMarkets is a CFDs broker, every asset listed on the platform is offered in CFDs.

With the help of my personal manager I now earn a steady income and withdraw once a month. If you have a few hundred dollars you aren’t afraid of losing, I suggest giving it a shot. The staff on the telephone support line cannot answer anything without evading the question. Even though I stopped trading a few days ago, some operations were still carried out without my presence. Now when I try to inquire about anything, all I get is “I’m not sure what happened”.

It might not be for everyone, but it’s got enough users for you to feel comfortable using its services moving forward. Bank accounts, though, will need you to be taking out a minimum of $50 USD. In terms of managing your cash, you will be happy to know that the ease of withdrawals and deposits is made extremely simple. You can put your funding into your account using a whole host of options.