Yes, easyMarkets offers Islamic (swap-free) accounts compliant with Sharia law, available on request. The minimum deposit required to start trading with easyMarkets is $25. Easy Markets provides more than 200 financial instruments across 6 different asset classes, from the Forex market to Crypto. Easy Markets has a transparent fee structure consisting mainly of spreads. The no-commission approach is attractive and makes understanding the fee structure simpler.
EasyMarkets have an integrated financial calendar within the platform so that you can easily keep up to date with the latest financial releases. They can be used to spot potential trading opportunities by looking for price action patterns and using technical indicator analysis. You can set your account and platform to send you up to date notifications to keep you informed about the latest market and account activity. MT4 has a wide range of built-in technical indicators for analysing charts on multiple timeframes.
Does easyMarkets offer guaranteed stop loss?
EasyMarkets’ user-friendly account opening process is designed to get you up and running quickly. The broker’s support team is available 24/5 to assist you with any questions or issues you may encounter during the registration process. If you’re an advanced or expert forex trader and looking for features such as Expert Advisors (EAs) then easyMarkets may not be suitable for your needs. 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. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
It provides extensive educational resources and in-depth market analysis to support clients’ trading journeys. Between 74-89% of retail investor accounts lose money when trading CFDs. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. EasyMarkets is considered good and reputable to trade with easyMarkets.
You can load pre-set trading strategy templates or create your own and save them for future use. We don’t stand still – as brokers evolve, so do our reviews – ensuring you get the latest information. These similar brokers are the highest rated alternatives to easyMarkets. The ‘Trading Course’ provides a well-structured course covering key topics like technical and fundamental analysis, which you can access after signing up.
easyMarkets Inactivity Fees Explained
- Any financial decisions you make are your sole responsibility, and reliance on any site information is at your own risk.
- They are one of the longest serving and largest brokers with many years of expertise and hundreds of thousands of clients in 160+ countries worldwide.
- One of the key findings is easyMarkets’ strong commitment to regulatory compliance.
- A minimum deposit is the minimum amount of money required by easyMarkets to open a new online brokerage account with them.
I like how they have been around for a long time and established themselves as an innovative broker with unique features not available elsewhere. The platforms and tools are very flexible to suit all styles of trader whilst there is a decent choice of trading instruments across multiple markets. They have won multiple awards and are under strict regulation which can help to give clients peace of mind they are using a broker that can be trusted. That being said, I wasn’t able to use my scalping strategy on a live account so I couldn’t take advantage of the fixed spreads that were being promoted. The trading platform, easyMarkets, provides users various options regarding the minimum and maximum trade requirements.
Customer Support at easyMarkets
If you want to compare easyMarkets with other forex brokers in more detail, go to the Forex Brokers Comparison page. EasyMarkets charges an inactivity fee if there is no trading activity in the account for 12 consecutive months. In this case, the account is considered « dormant » and a fee of 25 USD every six months is charged until trading resumes or the balance is reduced to zero. Move on to the next section of the review to learn more about the features of working with easyMarkets and determine whether this broker is right for you. Rates, terms, products and services on third-party websites are subject to change without notice.
There is a great selection of over 95 major, minor and exotic currency pairs to choose from, including popular pairs such as the EURUSD, GBPUSD, USDCHF & USDJPY. They are also fully compliant with all European Securities and Markets Authority regulations (ESMA). Additionally, it offers support via social media platforms like Facebook Messenger, Viber, and WhatsApp, giving more ways to reach staff than many other brokers. You can access daily market news, real-time currency rates, and a helpful financial calendar, which keeps me informed.
They claim to not disable trading and conditions always remain the same, unfortunately this wasn’t my experience as you will see below. Costs can be calculated prior to taking a trade due to the fixed spreads and no slippage on their web platform. The broker gives you full access to a range of innovative products, tools and services. These unique tools include free guaranteed stop loss, insideViewer, Freeze Rate and dealCancellation. I haven’t seen these tools provided by other brokers which helps them to stand out from the crowd.
- EasyMarkets’ educational resources, while not the most comprehensive in the industry, offer a solid foundation for beginners.
- When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee.
- This is useful if you have made a mistake and want to reclaim trade losses.
easyMarkets Risk Disclaimer
If you’re looking for a broker with reliable email support, easyMarkets is worth considering. While it may be a new skill set for some, it is what the market requires for success. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, easyMarkets leverage magnifies both profits and losses in trading. Like other brokers, easyMarkets margin requirements can differ depending on the traded instrument. EasyMarkets have won numerious industry awards over the 24 years they have been operating as a financial broker.
It’s worth noting that leverage is the difference the broker offers varies by the regulator that applies to the relevant territory. FOREX is an abbreviation for Foreign Exchange because it exchanges one currency for another one from a different country. Even if you have never traded but travelled, you might have actually participated in the FOREX market. When we travel, we exchange our money for the easymarkets broker money of the country we are travelling to.
Skrill has been acquired by Paysafe Group along with former competitor Neteller and prepaid payment service paysafecard. The reason that easyMarkets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, easyMarkets has to be careful that they don’t breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, easyMarkets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
To serve international clients, structures supervised by the FSA (Seychelles) and FSC (British Virgin Islands) are used, which allow more flexible trading conditions, including higher leverage. Complementing the picture is an FSCA (South Africa) license, which strengthens the broker’s position in the African market. The easyMarkets web platform is accessible directly through your browser. This is advantageous as it requires no software to be installed and ensures you will always be running the latest version. It is full of useful analytical trading tools and customisable features.
Efficient and secure deposit and withdrawal processes are crucial aspects of a smooth trading experience. EasyMarkets understands the importance of providing its clients with a range of convenient payment options while ensuring the safety and timely processing of transactions. While MT4 is the more widely used version, MT5 offers additional features such as depth of market (DOM), built-in economic calendar, and expanded timeframes. Both platforms are available for desktop, web, and mobile, providing flexibility for traders.
easyMarkets Review: Table Of Contents
Yes, traders must complete KYC verification within 15 days of account creation to avoid suspension. You can use the broker’s proprietary web/mobile platform, MT4, MT5, and TradingView. The easyMarkets Registration is fast, secure, and aligned with regulatory compliance standards. To ensure uninterrupted trading, completing identity verification within 15 days is mandatory. EasyMarkets shares detailed legal documents, disclaimers, and policies so traders always know their rights and obligations.
I tried to use a scalping system on a demo account and everything worked as expected. Again, it went well but after a few days trading was deactivated on my account for apparently being in breach of the terms. They mentioned that I could not take advantage of scalping fixed spreads at certain hours. Therefore, I would suggest carefully reading them through before starting. If your strategy does require the lowest spread and commission fees at all time, IC Markets would be one of my top choices as they have ECN execution and raw spreads starting from 0.0 pips. EasyMarkets are proud to be a market maker because it enables them to keep offering fixed spreads whatever the market volatility is.
But, just like all online brokers, it is important to note that traders can also lose money. In particular, 73% of retail CFD accounts lose money with this provider. EasyMarkets provides access to a wide selection of financial instruments. Traders can work with currency pairs (Forex), shares of the world’s largest companies, stock indices, commodities, precious metals, and cryptocurrencies.