- Fixed Spreads
- No slippage
- No commissions
- Trade Now!
Looking for a Way to Trade More than Currency Pairs? Read our easyMarkets Review.
The world of Forex trading is ever-changing. Many of you may have noticed that there is a new name on the scene. easyMarkets is a rebranding of the already popular Easy-Forex brokerage firm. So why did the company decide to change its name? To let new and current clients know that it had broadened its horizons and was now able to offer more than just foreign currency pairs trading. After 12 years as a traditional retail Forex broker, the firm decided it was time to increase its product range. easyMarkets now offers traders the opportunity to trade CFDs in indices and commodities, as well as vanilla options and forward Forex contracts.
- Up to $2,500: Share It, Tweet It, Email It
- Max Leverage: 1:400
- Spread: 1.2
- Forex Licence: CySEC
A brief introduction to easyMarkets
easyMarkets began its foray into the world of online trading in 2003. It started life under the name of easy-forex, but decided it was time for a rebranding towards the end of 2015 when it became easyMarkets. Today it is able to offer traders a wide range of tradeable instruments all from one trading account. The home of easyMarkets is Limassol, Cyprus, and as such it is licensed and regulated by CySEC; which also means that under MiFID it is licensed to operate throughout Europe.
What are the features of easyMarkets for today’s modern trader?
There are a number of special features that will make easyMarkets an attractive option:
- Fixed spreads
- Free guaranteed stop loss
- Negative balance protection
- Free trading signals and SMS alerts
- All-inclusive educational centre
- No slippage
- No commission
- More than 300 markets.
easyMarkets says “thank you” with a good selection of promotions.
easyMarkets may be a well-established broker, with more than 10 years of experience, but it still likes to say thanks to all its clients, both new and old, by providing a selection of offers, promotions, and an easyMarkets bonus.
For all newcomers, there is up to 50% available from a first-deposit bonus – up to $2,000 in tradeable bonus based on a new trader’s initial deposit amount. There are, of course, some terms and conditions that apply. For example, the first deposit has to be a minimum of $100, and the bonus is for trading purposes only and cannot be withdrawn.
There is also a refer-a-friend programme that can earn traders up to $2,500. All that is required is that a trader shares a link, either via Facebook, Twitter, YouTube, email or blogs, and for every new active user who is brought onboard there is a reward of free trading credit.
easyMarkets offers the choice of two trading platforms.
Traders are offered two trading platforms by easyMarkets, both of which support mobile devices. There is MetaTrader 4, and easyMarkets’ own proprietary platform. Many of you reading this easyMarkets review will already be very familiar with MT4, so let’s concentrate on easyMarkets’ own trading platform. It is Web-based, which means there are no bothersome downloads, and it also offers some exciting new features. These include “Freeze Quote”, “Inside Viewer”, and “Trade Controller”. Other platform highlights include the following:
- The option to cancel any deal within 1 hour and recover losses with “dealCancellation”
- Guaranteed stop loss for free
- 24/7 online access
- One-click trading from the Market Explorer
- Fixed spreads
- Negative balance protection
- Free lifetime demo
- Charts, news, and technical analysis all on one screen.
easyMarkets offers both demo and live accounts.
When it comes to the trading accounts available, easyMarkets doesn’t offer the same range as many other brokers, but don’t let this put you off, as there is one aspect that makes it stand out. The easyMarkets demo account is available for traders for as long as they need it. No more rushing to practise as much as possible because of a deadline. There is no time limit regarding how long you want to make use of the demo account, which makes it the perfect choice for those new to online trading.
The minimum deposit for a live trading account is $25, and up to 400:1 leverage is available. easyMarkets also offers an Islamic account for those who follow Shariah law.
easyMarkets charges no commission on deposits and withdrawals.
When traders are ready to start trading with real money there are a number of payment options supported by easyMarkets. These include Mastercard, Visa, American Express, Skrill, Neteller, WebMoney, and bank transfers. Many of the payment methods are processed immediately, but there are a few that can take up to 7 working days to appear in a trading account. The good news is that there are no fees charged by easyMarkets for either withdrawals or deposits.
Customer support for beginners and regular clients is available 24/5.
There are a few different locations that can be contacted by clients with any questions or queries. These include international offices in the Marshall Islands, and Sydney, Australia; the company headquarters in Cyprus; or Warsaw. There is a selection of telephone and fax numbers, as well as email addresses. For more instant communication, when telephoning is not so convenient, there is a live chat option.
easyMarkets believes in educating its clients, and provides a comprehensive educational centre, as well as a learning centre that offers educational videos, weekly market hot topics, pdfs on various subjects, ebooks, and how-to videos. There is also a glossary section and various FAQs pages.
It is obvious that easyMarkets has a head start in providing online trading services. Its previous incarnation had already paved the way and led it well down the path of popularity. For new and more experienced traders alike, easyMarkets has a lot to offer, both in terms of customer service and special trading features. The range of tools and resources is excellent, and the fact that it offers a lifetime demo account makes it even more attractive. Add to that the dealCancellation option, guaranteed free stop loss, and all its other special features, and you’d be mad not to give it a try. There are few brokers that can beat what is on offer, so why not sign up for a lifetime easyMarkets demo account today?
|Company||Easy Forex Trading Limited|
|Languages||English, Chinese, Polish, Arabic.|
|Deposit Methods||MasterCard, Visa, Maestro, Giropay, Ideal, Skrill, Neteller, WebMoney and more|