This means its operation standards enabled the EU to provide legal services to the EEA zone clients and beyond. MetaTrader 4 (MT4) is one of the most popular trading platforms in the world. MT4 is well known for its easy to use interface and quick learning curve. It was developed by trading software company MetaQuotes, is available in multiple languages and free to download. With Negative balance protection, traders cannot lose more money than they have deposited. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments.
Different payment and withdrawal methods can take varying times to complete. Credit/Debit cards are on top of being the instant deposit and withdrawal options. Since easyMarkets operates in three types of accounts, the minimum deposit requirements vary with the account type. You need to maintain 25USD in account for a standard account while Premium and VIP are 2USD and 10USD, respectively. They do not currently support crypto funding but RoboForex do if that is something that you are looking for in a broker.
- Also, when you have the VIP account you have the lowest spreads on offer at easyMarkets.
- However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD.
- Once it expires, the resulting payout, if any, will then be credited to your account.
- 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.
- Easy Forex Trading LTD is the owner of easyMarkets, a broker authorized and regulated by the Cyprus Securities & Exchange Commission (CySEC).
When selecting a broker such as easyMarkets, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, easyMarkets ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. With an easyMarkets account, you won’t go negative due to negative balance protection.
When considering easyMarkets for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as easyMarkets, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. We aim to provide you with all the information in this easyMarkets review you need to determine if easyMarkets is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to easyMarkets, so you can make a more informed decision and compare other brokers against easyMarkets.
CFDs
Easy Markets has a range of platforms that you can use including their own proprietary technology as well as some well known third party applications. With STP (Straight Through Processing) brokers, your orders are routed straight to the liquidity providers. This means that the broker does not manage the order and hence cannot protect you from any potential market moves that take you into negative equity. Of course, leverage is a double-edged sword and you want to make sure that you have implemented the correct risk management procedures to limit potential downside potential. The first thing to note about the VIP status is that it can attained with a relatively low initial deposit. Compared to many other brokers which require $20,000 plus, easyMarkets has a pretty strong selling point at $2,500.
Again in this area a number of languages are supported and a detailed FAQ section is available on the broker website that can help you answer the most common questions. At the moment, EasyMarkets does not offer social or copy trading services. However, if you want to engage other types of copy trading, EAs and trading robots are available to use through your MT4 trading platform. This feature lets you freeze a rate on a certain asset for just a few seconds to give yourself time to get into that position.
Our forex trading team aims to update these frequently, so we are always relevant to users. However, it is for this reason that the information included in our comparison tables be considered for indicative purposes only. MT4 and MT5 have some great features such as Expert Advisors (EAs) which utilise automation and but if you are interested in this platform then another forex broker is recommended. As with any broker, easyMarkets charges certain fees that traders should be aware of. EasyMarkets does not charge a commission but is compensated through spreads.
Does easyMarkets offer Islamic accounts?
Most of the stocks that you can trade on the platform are large multinationals in specific regions. It is a complete collection of videos that take you through all aspects of online trading. When it comes to withdrawal processing time, easyMarkets says that they try to honour them in under two business days or 48 hours. The actual time that it takes to reach your account will depend on what method you chose and processing delays on your side. Although mobile trading can be convenient, it is hard to replicate the same conditions as a PC.
easyMarkets Trade Types
The app is more flexible and under your control with its pending order feature. All you have to do is choose a rate and a date for your trade to begin. The easyMarket platform, Mobile Apps, MetaTrader 4, and TradingView are the platforms that facilitate trading at easyMarkets. Moreover, trading tools such as easyTrade and dealCancellation also help traders effectively manage their positions.. There is also a demo account that comes loaded with virtual funds so traders can learn and test various strategies. With no fees applicable to any of these methods, the key factors of which method comes down to convenience for the forex trader and the deposit processing times that vary considerably.
This is ideal if you are trading volatile markets and spot a low position which may not hold too long. 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. There are no commissions or hidden fees, and MT5 is the only platform which offers variable spread starting from 0.5 pips. Here is a closer look at exactly what is available in terms of trading platforms and tools with EasyMarkets. The trading hours available on EasyMarkets will depend on the assets you are trading.
Some easyMarkets trading features can be complex when trading on mobile or using the easyMarkets online trading platform. Beginners and inexperienced traders must take the time to learn how to use the easyMarkets trading tools properly. VIP clients get access to special benefits and innovative trading conditions with an initial deposit of $2,500. EasyMarkets launched the one of the world’s first web-based trading platform in 2001 with a plethora of asset classes, including forex, commodities, stocks and options.
easyMarkets Trust Score
It assures trading safety and secure transaction, as well as negative balance protection in case of insolvency. A good selection of education makes the broker highly attractive for beginners. The main disadvantage is the limited market range and no 24/7 support. Over the years of expansion easyMarkets CFDs offering the range currently includes Forex instruments, global indices, energies, metals, and cryptocurrencies including Bitcoin, Ripple, and Ethereum.
The financial calendar shows potential market moving events with a red indicator under volatility; the data can be filtered for relevancy for each trader. We have been trying to contact you but we were unable to reach you. Please contact us via email at [email protected] or visit our LiveChat through our website so you can let us know a convenient time for you to receive a call. I recommend easymarkets and the client coordinating person for all newbies and active users. Well, if you are looking for a regulated broker with low spreads, great trading tech and a well established reputation then it is definitely worth considering. Finally, although easyMarkets is a global broker, there are still a number of countries and regions to where they do not supply their services.
The feature is perfect for those new to forex trading, those who like to trade during turbulent periods (eg rate decisions) or those looking to manage the risks of currency trading. 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 https://broker-review.org/ the trader’s individual needs. Much like the desktop platform, the easyMarkets mobile application has plenty of useful trading features and tools to offer on both iOS and Android. The broker welcomes all queries and are happy to assist you in a prompt and efficient manner through their award-winning support team. They can be contacted at one of their local offices or headquarters via email and telephone.
What type of CFDs does easyMarkets offer?
A minimum deposit is the minimum amount of money required by easyMarkets to open a new online brokerage account with them. Trading online with easyMarkets requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the easyMarkets trading tools and features. That’s why we’ve compiled this detailed easymarkets review with some important information that will hopefully make you more informed when online trading with easyMarkets. Our team has endeavored to break down the complex world of trading with easyMarkets into easily digestible information in this easyMarkets review. We want to ensure you have all the knowledge necessary to use the easyMarkets trading tools confidently, from depositing and withdrawing funds to executing trades.
