It is crucial to read the broker review before trading with the broker. You can find the easyMarkets review in detail below.
Is it Safe?
easyMarkets is regarded as an average-risk broker, with a fairly good trust score (82/99). The broker isn’t publicly traded, and it doesn’t run a bank. One top-tier authority (ASIC), one tier-2 authority, and one tier-3 authority have all given easyMarkets their approval.
Investment Options
Crypto: CFDs allow users to trade crypto, but they can’t trade the underlying asset directly (purchasing BTC). Remember that cryptocurrency CFDs aren’t accessible by retail traders or United Kingdom residents from whatever broker’s United Kingdom business.
The list below outlines the various investment options offered to easyMarkets customers.
- Forex Trading
- CFD Trading
- 199 Tradeable Symbols in total
- 62 Forex Pairs in total
- Cryptocurrency (CFD)
- Social (Copy) Trading
easyMarkets Review – Pricing
Trading fees (spreads & commissions) vary by the type of account, and spreads are set (not changeable) throughout the online platform, MT4 (MetaTrader4), and a VIP account.
The broker’s VIP account, which demands a $2,500 investment ($100 for European Union and United Kingdom residents), including its online platform, which demands a $250 deposit, has the most attractive rates. On its platform, and also when employing the MetaTrader 4 account, the accounts provide set spreads of 0.9 pips for the EUR/USD currency pair.
Platforms and Features
The broker provides 2 platforms: its proprietary HTML5 web-based platform & MT4 (MetaTrader 4).
The broker’s trading platform seems modest, with only a watch list (favorites list), updates, charts, a mood indicator, and a couple more features. The platform’s uncluttered and simple design does a good job of keeping clients concentrated on trading, but it won’t be enough to please particularly experienced traders.
Deal Cancellation & Freeze Rate are 2 distinctive trading features available on the broker’s platform. For a reasonable price, the dealCancellation tool allows users to reverse their transactions and recoup their losses for a certain length of time (a maximum of 6 hours). Furthermore, users may “freeze” a quote for 3 secs by using the Freeze Rate button.
These tools sound appealing, but the broker clearly promotes them for a purpose, implying that they must be beneficial to the business altogether. In addition, the broker’s platform provides GSLO (guaranteed stop-loss orders) without charge, although other brokers demand a little fee.
- Virtual Trading (Demo)
- Proprietary Platform
- Desktop Platform (Windows)
- Web Platform
- Social (Copy) Trading
- MT4 (MetaTrader 4)
- 51 Charting – Indicators / Studies in total
- 31 Charting – Drawing Tools in total
- Charting – Trade From Chart
- 7 Watchlists – Total Fields
- Order Type – Market
easyMarkets Review – Research
The broker’s trading platforms include a mood indicator, economic news calendar, live news updates provided by FxWirePro, and trading indicators from Trading Central for live accounts, among other research instruments.
Despite a wide range of capabilities, the broker’s research offer is just somewhat better than the absolute minimum industry requirement.
- Trading Central (Recognia)
- Daily Market Commentary
- Forex News (Top-Tier Sources)
- Social Sentiment – Currency Pairs
- Economic Calendar
- Trading From Mobile
The broker provides both its own mobile app and the MT4 (MetaTrader 4) mobile application. The app has a simple design that closely resembles its web-based version, including the ability to synchronize watch lists.
The app’s charts are provided by Trading View, which contains the very same 81 indicators as the web edition of the platform. Ultimately, it is straightforward and clean, but it lacks the complexity of tools and functions of the top mobile trading applications.
- Android App
- Apple iOS App
- Alerts – Basic Fields
- Watch List
- Watch List Syncing
- 30 Charting – Indicators / Studies
- Charting – Draw Trendlines
- Charting – Trendlines Moveable
- Charting – Multiple Time Frames
- Forex Calendar
easyMarkets Review – The Verdict
The broker provides a modest multi-asset trading solution featuring 256 symbols for trading, including OTC (over-the-counter) Forex options and futures on 28 pairings. Apart from traded assets, easyMarkets has its own custom trading platform in addition to MetaTrader 4, which distinguishes it from different MetaTrader 4-only brokerages.
Because there aren’t any price differences between easyMarkets’ web platform and MT4, the latter is indeed an option at the broker. Its main online platform & VIP accounts, on the other hand, have a hard time competing with the finest FX brokers.
See also: City Index Review 2022 – Read Before You Trade With It
