Licensed in Europe, Cyprus, and Australia – Read our easyMarkets Broker Review
easyMarkets began life way back in 2003, but then it was know as easy forex. Today it has become a forerunner in the world of Forex trading and its customer base is constantly increasing. It wasn’t until it was rebranded in 2015 that things really took off, although it had achieved considerable success up until then. In fact it is stated on the website that trading volumes since 2003 have hit $1.5 trillion, and it has also received numerous awards and achievements. And today it offers traders access to global markets, all from one trading account. easyMarkets main location is Limassol, and as such it is licensed and regulated by CySEC. However, it is also licensed by ASIC in Australia, and able to operate throughout Europe due to its compliance with MiFID.
An exciting range of trading products available
Aside from the usual fare of Forex, metals, commodities, and indices, easyMarkets also offers trades in vanilla options. “What are vanilla options?” we hear you ask. They are a type of asset not normally offered by many other brokers, and differ from binary options in a number of ways. With vanilla options there is no limit to the amount of payouts, unlike binary options. Expiry dates are flexible and traders are able to customise them. A binary option most often expires within a few minutes, and sometimes even a couple of seconds. Once a trader enters into a contract for a binary option there is no recourse. As opposed to a vanilla option where there is no obligation for execution at any time. With one simple platform from easyMarkets, traders can trade all asset classes, as well as have the option of free guaranteed stop loss, free training, multi-language support 24/5, and low fixed spreads.
Are there any bonuses worth mentioning from easyMarkets?
There certainly are and we’re about to share the current ones:
- Sign up bonus of $25 – Verify your phone number and there is a $25 bonus to get you started
- 50% first deposit bonus – Based on your first deposit you could get a tradable bonus of up to 50%/$2000
- Get paid for introducing new traders – Social media users can earn up to $2,500 just for sharing, when a new trader opens a live account
- IBs and affiliates can take part in the partnership programme – Get the chance to earn $400 CPA commission by referring new traders to easyMarkets
One standard live tradng account for new traders
At easyMarkets there is one standard account for new traders who want to trade with real money, but there is also a demo account, and an option for Islamic traders. For the standard account all that’s required is a minimum deposit of $25. Leverage depends on the asset being traded, but can be as much as 1:400. There is also an option to upgrade to VIP status and gain the advantage of lower fixed spreads, which can vary from 1.8 to 3 pips based on the account class. In addition there is a personal analyst available for VIP traders, along with cash rebates and SMS alerts on market movements.
Investors can be confident their funds are safe, as they are segregated from the company’s operating capital in top tier bank accounts. Also there is added peace of mind provided by negative balance protection. We should also mention the demo accout on offer, as this is often a place we recommend newcomers to Forex trading to begin their journey. It offers a great opportunity to test out the trading platform on offer, and practise strategies, as well as gain some confidence in the ways of trading. And with easyMarkets, it gets even better, because there is no time limit for the demo account. Unlike many other brokers who generally limit the demo account to 30 days. With easyMarkets a free life-long demo account is available.
easyMarkets take care of their traders with excellent support and an education center
easyMarkets offers a learning center filled with programs and material for complete beginners, those with a little experience and more advanced traders like our Forex Academy. This center includes videos, training guides, ebooks and manuals, and a detailed explanation of trading jargon and important trading concepts.
Cutomer support is on hand to be contacted at the main headquarters in Limassol or at their offices in London, Warsaw, Sydney Australia, and Marshall Islands. There is also an email address and an online contact form. We’re always pleased to report when there is a live chat option, and we can do that with easyMarkets.
We found easyMarkets to be very easy to deal with. The website isn’t overly complicated or too flashy, and offers everything the average trader will need. There is a great choice of assets, as well as the more unusual vanilla options.
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