easyMarkets is a well respected broker that first established operations in 2003. While it’s main headquarters are in Cyprus, this broker maintains international offices around the globe in London, Sydney, Melbourne and Limassol.
The broker offers a range of Forex trading services as well as the facility to trade CFD’s and Vanilla options. It is fully regulated holding licences in the EU (CySEC 079/07) and Australia (ASIC AFSL 246566). It’s also the current sponsor of football team Real Madrid!
It is easy to open an account with easyMarkets. The process is straightforward and you can be up and running in just a matter of minutes.
There are three different account types available with varying levels of features. This allows you to open an account most closely matched to both your requirements and your purse.
- Standard – Account opening from $25. Fixed spreads from 3 pips, guaranteed stops and free SMS market rate alerts.
- Premium – Account opening from $250. As above. Fixed spreads from 2.5 pips. Also includes one on one training, personal support, market updates via SMS/Emails/Calls.
- VIP – Account opening from $500. The VIP account offers the additional incentive of low fixed spreads from 1.8 pips.
Accounts can be held and operated in a wide range of base currencies. These include EUR, USD, GBP, JPY, CHF, AUD, CAD, NZD, NOK, SEK, ILS, SGD, PLN.
easyMarkets MT4 is the MetaTrader solution provided which allows traders to make use of this popular platform. Key benefits of this trading platform include the extensive technical analysis features it offers through the use of pre-installed and custom indicators, together with support for multiple charts and trading setups. The platform also comes with multiple language support.
A web based dealing platform is also offered. Unlike the MT4 platform, this does not require a software download. It provides a range of features including insight into market trades and trends. You can also make use of an SMS alert service for deal closure or limit order notification.
In addition mobile trading can be undertaken via a dedicated app. Alternatively traders wishing to use easyMarkets MetaTrader 4 can make use of the generic MT4 mobile app which is available for download for both iPhone and Android users.
Deposits and Withdrawals
Account funding options include Credit Card, Bank Transfer or via a range of different EWallets. Credit and Debit funding offers the quickest way in which to get your account up and running so that you can start trading.
Withdrawals are generally made back to the depositing card and processed for free. Withdrawal requests to bank accounts will typically take longer to process. Typically should take no longer than 5 working days.
A wide range of educational and support materials are made available to clients, ensuring that they have access to good quality information to learn about trading.
The website itself features a number of training videos and articles for the new trader. These cover the basics such as how to get up and running, the mechanics of the Forex markets and an explanation of fundamental and technical analysis.
Additional videos, an eBook and more advanced educational materials are also on hand so that you can increase your knowledge about trading.
Clients also gain access to regular market updates and trade ideas. Clients opening a Premium or VIP account also receiving personal one to one coaching and detailed market reports and alerts around the clock.
All clients can also make use of free demo accounts with which to trade. These are particularly useful for providing a ‘no risk’ way to try out strategies and techniques under live market conditions.
Support starts with the website. This is available in multiple languages including Arabic, German, Russian, Spanish, French, Indonesian, Italian, Polish, Vietnamese and Chinese.
If you find that you need to get hold of the broker, there are a number of ways to do so. A range of dedicated email addresses are provided. These can be used to get in contact with specific departments so that you can get any questions or issues you may have dealt with.
Telephone support is also offered if you want to make fast direct contact with the broker.
Without doubt, if you are looking for one of the lowest cost brokers around, then easyMarkets is worthy of consideration.
The standard account does have comparatively high spreads but when put into the context that they are fixed and you are offered guaranteed stop levels, this can be forgiven.
Opening an account with easyMarkets is a great and low cost way to start trading. It can serve as a useful backup to your main account or your main trading platform in its own right.
|Spreads||EUR/USD from 1.8 pips (fixed)|
|Assets||Currencies, Stocks, Indices, Commodities, CFD’s,|
|Customer Services Languages||English, German, Polish, Greek, Russian, Chinese, Spanish, Arabic, French, Hebrew|
|Headquarters||Easy Forex Trading Ltd|
PO. BOX 53742
|Regulation||CySEC License 079/07, ASIC AFSL 246566 (Australia)|
|Telephone||+357 25 828 899|
+44 (0) 20 3150 0748 (London)
|Deposit Currencies||EUR, USD, GBP, JPY, CHF, AUD, CAD, NZD, NOK, SEK, ILS, SGD, PLN|
|Deposit/ Withdrawal Methods||Wire/Bank Transfer, Online Bank Transfer, credit and debit cards|
|Withdrawal Times||2-3 working days|
|Processing Charges||5 free withdrawals per month|