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Easy Markets Broker Review

What we like about Easy Markets:

  • Fixed spread in all markets traded
  • Start trading with as little as $25
  • Fast and easy deposit procedure (credit cards, bank wire transfer or PayPal).
  • Variety of currencies

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Easy Markets (Formerly Easy Forex) is a brokerage firm that was established in 2003 and has since continued to deliver top-notch services to its teeming FX clients over the years. Easy Markets runs its operations from its head office in Limassol Cyprus, other key locations in the United Kingdom, Poland, Shanghai and Australia, alongside client help desks in more than 160 global locations. Easy Markets positions itself as a market maker, with its liquidity pool being The Royal Bank of Scotland (RBS) and UBS (Switzerland).

Regulatory background

Easy Markets is regulated by CySEC, 079/07 in Cyprus, MiFID in Europe, ASIC in Australia with the Australian Financial Services (AFS) License #246566. Starting July 2010, Easy Markets withdrew from the NFA and as a result, no longer accepts clients from the U.S.

Funds Safety

Easy Market’s has been around for over a decade, and in that time has grown to be one of the most consistent and dependable forex firms in the industry. Clients can attest to Easy Market’s safe and rigorous trading ecosystem as a result of its well- structured security network.

Easy Market’s also uses VeriSign along with the state-of-the-art SSL encryption for the secure transmission of client data. Barclaycard, a trusted credit card company, handles all its credit card clearance.

Easy Market’s deploys an internal auditing system designed to protect its clients from falsified activities. This process is carried out by HLB Cyprus, a well-known accountancy firm in Cyprus,

Account Setting

What is your risk tolerance level? With Easy Markets this will help you to determine the type of account to go for. With a margin of $25, beginners in the forex market can settle for a standard account on Easy Forex. There’s also the choice of a Premium and a VIP account. However, the various account types offer varying spreads i.e. a Standard Account offers 3 pips, while a Premium Account offers 2.5 pips and 1.5 pips are delivered on the VIP account.

Traders can also play around on the Easy Markets demo account to get a firm grip of things. Trading is delivered on desktop, mobile or online (via web browsers). In addition to this, Islamic Trading Accounts are available, thereby allowing sharia-compliant traders to engage unhindered.

Broker Fees

Fees on Easy Markets are in the form of spreads, which are fixed, thus allowing clients know the exact amount needed on a position in advance.

Trading Platform

Easy Markets employs the popular Metatrader4 and a web-based platform (that eliminates the need to download a client) as well. Also available is the MT4 mobile that allows trading on Android and iOS devices.

Currencies

Account currencies span across US Dollar, Israeli Shekel, the Euro, the Yen, New Zealand, Singapore, Canada dollars, Australian dollars, Norwegian Kroner and a couple more. This refutes the cost of conversion that is linked to deposits and withdrawals.

Conclusion

Easy Markets is a major player in global online forex; a steadfast and is a credible broker, leading in delivering innovative trading solutions.

Disclaimer: At Tradeforexonline we try to help you find the right broker, and to give you every help to succeed. However, we offer no guarantees. It is the responsibility of every trader to do his or her own research before committing funds. Happy hunting!

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