Despite that, many people around the world select easyMarkets because they aim to provide reliable trading conditions. Even when the market is volatile, they keep the spread fixed. As you can see in the table below, their EURUSD spread is 0.8 pips for TradingView.
EasyMarkets offers over 200 products to trade on desktop, mobile, and all other responsive devices — it is an established broker regulated by FSA, CySec, ASIC, and BVI. Whether easyMarkets is a “good” broker or not will depend on the trader’s individual needs. Traders can easily switch between the demo and the live trading accounts. The mobile app isn’t as feature-rich as the web trader. Nonetheless, this does not mean that traders lack sufficient tools to analyze, gather insight, and assist efficient trade executions while on-the-go. Traders can contact easyMarkets customer service for more information by phone, fax, email, live chat, or directly through the company’s worldwide offices.
easyMarkets
They only use the US dollar and the Euro as their base currencies. Additionally, their minimum deposit is a little higher than some of their competitors. If you’re interested in trading Forex, you’ll find good research there. So, if you’re using MT4 instead of their proprietary TradingView platform, the EURUSD spread is 0.7 pips. If you’re using MT5 with the same currency pair, the spread is 0.6 pips.
Who are the competitors of EasyMarkets?
She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers. However, using MT4 and MT5, traders may experience slippage, but negative balance protection is guaranteed. Traders can also only choose between 80 financial instruments, including currencies, metals, commodities, indices, and cryptocurrencies.
Deposit and Withdrawal
The registration number is HE203997, and the license number is 079/07, which was granted on May 29th 2007. In September 2020, the brokerage received FSA license in the Seychilles which allows easyMarkets to provide a wider range of services to traders outside of the EU. On their site they advertise 0.8 pip spread on EURUSD (the most liquid pair in the fx) and in reality you will get 8-11 pip spread in live trading. What is wrong with clients being even remotely OK with this gouging!?! Personally, my experience so far has been extremely great. I had some issues registering and one of your staff, Mr David was very helpful and professional in his approach.
- When easyMarkets was founded, trading was exclusive, requiring thousands of dollars to participate.
- Customers should consult the Deposits & Withdrawals section of the easyMarkets website for details about withdrawal times.
- Each CFD also has specific easyMarkets margin requirements that traders must maintain.
- EasyMarkets prides itself on being a market maker, and the underlying philosophy is simple honesty.
- Demo accounts are suitable for beginners but also for testing easyMarkets’ in-house trading platform.
The commodity market presents traders with another substantial diversification opportunity. We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. We are pleased you received good service from your Client Relationship Manager and that your funds were received in your Skrill in good time. I had a withdrawal issue as of 6th May but due to some misunderstanding, I wrongly accused them of holding my withdrawal.
My tests indicate that easyMarkets has average-to-high swaps, which is acceptable for longer-term trading. Please keep in mind that a broker’s rollover charges change over time. Traders can avoid paying overnight charges with vanilla options.
Client accounts that have not had transactions for twelve consecutive months are considered dormant. Dormant accounts incur an inactivity fee of $25 or the entire free balance if it is less than $25. EasyMarkets charges this fee every six months until trading activity resumes or the account balance reaches zero. Regulation is the most important consideration when choosing a broker. Learn how regulators protect traders and how the Forex market is regulated. Support is offered 24/5 via email, live chat, messenger services, and telephone in a range of languages.
- For traders who wish to trade from a browser, easyMarkets’ web-based platform is offered.
- The dealCancellation tool is available for a small fee.
- The company witnessed remarkable growth in trading activities for USDJPY and NDQUSD, reflecting customer responsiveness to market developments.
- You must provide your name, email, country of origin, and phone number.
- The broker also features dealCancellation, a type of insurance that allows traders to pay a flat fee to protect a specific position.
- This is the fifth decimal place which is fraction (1/10th of a pip).This can rise to 1.1 pips during the trading sessions as you have observed but interpreted incorrectly.
DealCancellation is essentially an innovative albeit disingenuous way to charge traders unnecessary fees, and a solid marketing medium for inexperienced or naive traders. The MT4 trading platform is provided as the basic version only but remains the best choice available at easyMarkets. Dear Abraham Ng’ambi, We are delighted to hear about your positive experience with easyMarkets.
The research and market analysis materials at easyMarkets are limited compared to most other brokers. Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and investment professionals on issues related to trading, and derivatives. Lawrence has served as an expert witness in a number of https://traderoom.info/easymarkets-introduction/ high profile trials in US Federal and international courts.
easyMarkets’s Educational Material
Although the platforms’ interfaces are dated, they are still widely recognised for their fast execution speeds, a wide range of charting tools, algorithmic trading, and customisability. The easyMarkets mobile app has more features than the standard MT4 and MT5 equivalents. It is intuitive, powerful, and simplified, making it suitable for beginner traders. While the user interface looks modern and clean, it doesn’t support automated trading or allow the introduction of third-party plugins, which many traders find helpful. However, additional trading features that set easyMarkets apart from its competition, like dealCancellation, Freeze Rate, and Inside Viewer are only available on this platform.
You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. We contacted them at all times of the day, and they were able to answer our questions to our satisfaction. Overall, easyMarkets’ education section is helpful to get beginner traders started in their trading careers, but it would do well to add materials for more advanced traders.