easyMarkets Review: What Are the Award-Winning Brokers Weaknesses?

The higher the leverage, the closer the stop losses is to the market rate. The minimum deposit at easyMarkets for European and VIP traders is €/$/£100. Traders outside Europe with a standard account are required to deposit a minimum of €/$/£200. There are over 15 different payment methods to choose from when making a deposit, including credit/debit cards, eWallets, and wire transfers. The lowest minimum amount relates to the standard account, which is $200AUD.

The Currency Market (also known as Foreign Exchange, Forex or FX) is popular amongst traders because of its frequent and rapid movements. Your trade will be opened automatically when the rate you set is reached. Use it with FreezeRate, free guaranteed stop loss and take profit.

Ways To Trade

Traders are also given a commission when they introduce friends to the trading platform. EasyMarkets provides four types of accounts namely Super VIP, VIP, Premium, and Standard. The minimum deposit for the standard account is $100, the Premium $1000, the VIP $2500 and the Super VIP $10,000.

This means that small movements can lead to big gains or losses. Risk, therefore, is the central outcome of leverage, so understanding your level of forex trading knowledge and risk appetite is critical when factoring in this variable. As leverage exposes all traders to high risk when forex trading, a ‘guaranteed stop’ at least provides peace of mind in that you will know the maximum you can lose on a trade. Easy Forex (now https://traderoom.info/enterprise-technology-consulting/ broker) is of the few forex brokers offering this feature.

Practice Online Trading With An Established Regulated Broker

On top of being highly regulated, EasyMarkets has proven to be an industry leader in the field of Forex and CFD trading. The availability of state of the art trading platform and excellent customer services makes this broker a top choice for most traders. However, the broker is not without some minor flaws such as hard to navigate website and the fact that it is only available in four languages. The products offered range from online forex trading, derivative trading (options, forwards and futures) CFDs in commodities, indices, metals, currencies, cryptocurrencies, and others.

EasyMarkets notifies customers if it requires additional documentation. Traders who fall below the easyMarkets margin requirements risk receiving a margin call and having their position closed prematurely. Before you can trade with easyMarkets for the first time, you need to answer a few questions. Authorised and regulated by Cyprus Securities and Exchange Commission in the Republic of Cyprus at 19 Diagorou Str.

About this app

This easyMarkets review also explores the broker’s cross-platform trading applications on desktop and mobile, if available in . Traders have access to over 200 markets including spot trades, forwards, and options. 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. CySEC has low leverage because they want to protect retail clients as leverage can increase the risk of losing money. Low leverage means less money will be lost if forex movements are unfavourable.

• Currencies are one of the biggest and most active markets in the World.
• These two regulatory bodies ensure that all deposits made by clients are safe and kept separate from the company funds.
• As its name implies, easyMarkets is very easy to use, and if you’re on the hunt for the best online broker, it’s simple to open an easyMarkets account.
• EasyMarkets users can trade CFDs on both desktop and responsive devices.
• The platform’s main trading screen gives traders access to more than 200 different instruments in one tab.

Customer services are offered during market hours, and clients can reach out to the attendants through live chat, email, fax or telephone. In areas where the broker has physical offices, clients can pay a visit and get help. The Premium, VIP, and Super VIP accounts come with additional trading tools and features to help the trader maximize their trades. Also available is a Demo account to allow new traders to practice before dipping their feet into a live account trading. The broker guarantees stop losses to ensure that traders can capitalize on Forex price action while protecting their accounts from negative balances.

Trade Like A Champion

It is advised that a premium account be considered if you want regular customer service to assist with your day-to-day forex trading. EasyMarkets (formally Easy Forex) includes guaranteed negative balance protection for all their clients. This risk management feature means your account balance will not go negative. EasyMarkets charges no commissions on trades, just a fixed dealing spread. You can trade a wide variety of assets and spreads, including forex, metals, indices, commodities, cryptocurrencies and options.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Once you enter into a trade, you can then either close it ahead of time or it will automatically expire at the end of its time frame. Once it expires, the resulting payout, if any, will then be credited to your account.

However, withdrawals through bank transfers must not be below $50. All features are linked together and accessible from a single screen. The upper menu of the screen contains the available balance, the amount at risk, profit/loss statistics, and the CFD margin level. A “Deposit Funds” button is located on the right of these statistics. Customers should consult the Deposits & Withdrawals section of the easyMarkets website for details about withdrawal times. Other documents, such as credit card statements may be required depending on your account activity.