Agents typically respond within seconds and seem knowledgeable. For more general queries, the broker has a dedicated FAQ section on the website. EasyMarkets operates as a market maker without a dealing desk. I discovered that the competitiveness of easyMarkets’ fees largely depends on the traded instrument.
Despite this, the app remains an invaluable tool for traders, providing quick and easy access to the market. The broker also features dealCancellation, a type of insurance that allows traders to pay a flat fee to protect a specific position. Should the trade start incurring a significant loss, the trader can terminate the position at no extra cost. The broker does not charge a handling fee for deposits or withdrawals.
- This rise is attributed to the growing demand for yen (JPY) pairs among customers.
- It should also be noted that many brokers don’t offer access to MT4 plugins; this is unfortunate, but easyMarkets isn’t alone in this regard.
- This easyMarkets review will discuss their licenses, safety features, and tools, so you can invest with confidence.
- It ticks all the boxes for me, I just wanted to stop by and take a moment to thank them.
- Forex traders are levied with hidden costs (in the form of higher spreads) for access to the easyMarkets webtrader.
However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex”, alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel.
Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.
It also offers vanilla options on currency pairs and metals, allowing swing traders to better hedge their exposure over the long term. Additionally, options can be used to avoid overnight charges (swaps). EasyMarkets offers a limited range of trading tools compared to other brokers, but it provides excellent risk management and technical analysis tools. For traders who wish to trade from a browser, easyMarkets’ web-based platform is offered.
ITS A UNIQUE BROKER THAT I KNWE IT IN…
You won’t have to download the HTML5 platform since it’s web based. Easy Markets Pty LTD is authorized and regulated by the Australian Securities and Investments Commission (ASIC). Easy Forex Trading LTD is authorized and regulated by the Cyprus Securities & Exchange Commission (CySEC). I wonder why changed the name of Easy Forex to Easy Markets? Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
It will always close your trade if the market moves against you. So, you always have a limit on the maximum risk that you’ll be exposed to. This type of protection is especially beneficial for https://traderoom.info/easymarkets-introduction/ new traders. That’s because beginners might not be familiar with how rapidly the Forex market can change.
- To open your initial account, simply click on any of the banners on this page, which will take you directly to the site.
- I also appreciated the platform’s variety of trading modes, which enable traders to manage their market exposure in different ways.
- However, traders will still have access to analytics with technical indicators, graphical objects, a full set of trading orders, and functionality to close and modify existing orders.
- Whether easyMarkets is a “good” broker or not will depend on the trader’s individual needs.
- If you like to use technical analysis to find entry levels you can use pending orders to boost your trading.
Company Headquarters and Trading Names
Each one at own time , took time to push for a resolution and were so patient I could read that from their voices and how they were willing to wait… The developer, Blue Capital Markets Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy. The easyMarkets charts are fluid and highly detailed, and users can open them in a separate window. This helps in carrying out deep and penetrating technical analyses without being distracted.
Unique Features
We are thrilled to hear that you had a great experience with easyMarkets! Your kind words mean the world to us and we are grateful for your feedback. Good Creativity easyMarkets,I joined In Demo Account And I learnt How To Buy And Sell In Easytrading,Vanilla,Trading.And Very Good Partnership With TradingView.May Almighty God Be With You. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
Additionally, although they have good customers support, customer service is not available 24/7. So, if a trade goes badly, you won’t lose more money than you have in your account. MetaTrader 4 also comes with several tools that you can use for analysis. It lets you customize its features and execute your orders instantly.
The MT4 Premium Account has a minimum deposit of 2000 USD, and spreads are fixed at 1.2 pips (EUR/USD), which is average for the industry. The MT4 VIP Account has a minimum deposit of 10,000 USD, and spreads are fixed at 0.7 pips (EUR/USD), making it one of the lowest-cost accounts in the industry. EasyMarkets offers three unique trading tools, accessible only on webtrader, its proprietary trading platform. A lesser version of what can be accomplished in the MT4 trading platform, through a plugin, is provided by easyTrade. The purpose is to enhance risk management, but what this broker fulfilled mirrors binary options trading more than Forex; only twenty assets are available for this type of trade.
In addition to this, easyMarkets is compliant with the EU’s MiFID II Directive and their Anti-Money Laundering Directive. All easyMarkets customers are covered by the Investor Compensation Fund (ICF), which provides full coverage of up to €20,000 in the event that easyMarkets would go into default. The dealCancellation tool is available for a small fee. It gives you a specific amount of time to undo a trade. However, if you live in the European Union you’re subject to CySEC regulations.
EasyMarkets incorporates actionable trading signals from Trading Central directly on its web trader platform. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions.
Few leading brands can truly innovate in the Forex industry, but easyMarkets manages it with surprising frequency. For their commitment to advancing the industry while maintaining their commitment to traditional clients, easyMarkets are the leading innovator in the Forex market for 2021. If you’re looking for a sleek, professional, and wide-ranging trading platform, then easyMarkets should be at the top of your list.