easyMarkets review: Is it a legit or scam forex broker?

Again, it went well but after a few days trading was deactivated on my account for apparently being in breach of the terms. They mentioned that I could not take advantage of scalping fixed spreads at certain hours. Therefore, I would suggest carefully reading them through before starting. If your strategy does require the lowest spread and commission fees at all time, IC Markets would be one of my top choices as they have ECN execution and raw spreads starting from 0.0 pips.

MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4. The easyMarkets MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give easyMarkets traders detailed market tools. EasyMarkets partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices.

How To Verify Your easyMarkets Account

EasyMarkets does have a reliable and high-speed trading experience, which is backed by guaranteed order execution policies on both trading platforms. Since 2001, easyMarkets has been offering traders around the world innovative features, versatile trading platforms and over 200+ global markets. They are an award winning and established broker that is under strict regulation from multiple regulators. This means that you can trade in a secure environment and get access to very competitive trading conditions. The broker is primarily focused on providing you with fixed spread trading without any commission fees.

• This protection offered by easyMarkets serves as a standard feature at no additional cost since 2001.
• It's important to note that easyMarkets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.
• EasyMarkets offers a limited range of trading tools compared to other brokers, but it provides excellent risk management and technical analysis tools.
• I like that it is available through the majority of online brokers.

Tier 1 is the official measure of a bank's financial health and strength.Trading with easyMarkets is risky, and because the market is so volatile, losses could happen at any time. Your customer service experience with easyMarkets has to be positive for you to effectively trade the financial markets on the easyMarkets platform. EasyMarkets should answer all of your questions and your easyMarkets platform issues are solved. When an easyMarkets customer has any queries regarding easyMarkets, the easyMarkets customer support team should take these issues seriously and offer a quick and effective solution. EasyMarkets has a great client support team, so we have rated their customer service highly.

Stock CFDs

DealCancellation is an innovative approach but serves mostly to charge traders for trades that aren’t executed. It may yield a small savings, but still gives the broker pocket change, which really adds up for traders. Easy Forex Trading LTD is the owner of easyMarkets, a broker authorized and regulated by the Cyprus Securities & Exchange Commission (CySEC).

For improvement in certain areas, such as the education section, the platform’s commitment to regulation and transparency makes it a positive choice for traders looking for a reliable trading platform. Furthermore, easyMarkets offers customer support in English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew. There is a range of currencies available for trading and https://traderoom.info/cmc-markets-a-wholly-reliable-brokerage/ investing at easyMarkets, as well as a wide range of deposit and withdrawal methods. EasyMarkets does not charge any non-trading fees whatsoever, unlike many of its competitors. There are no fees for account inactivity, nor are there any kind of administration fees imposed on users. To do this, all you need to do is upload your personal ID and a document that proves your country of residence.

Similar Brokers

The minimum deposit of $100 is not the lowest I have come across but free demo accounts are available if you want to test the broker out before making a commitment. EasyMarkets offers multiple trading platforms suited to new and seasoned traders. You can choose from its proprietary web-based platform or MetaTrader 4 (MT4) or mobile app.

The highlight of the platform is its fast order execution on trades. If you remain skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself. Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, though it takes approximately 4-7 days. If you sign up to get a demonstration account with easyMarkets, you will set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you before you decide to spend your own money.

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EasyMarkets derives most of its money from its spreads, which are generally higher than the market average. In addition, easyMarkets makes a lot of its income from the losses of its traders. When registering at easyMarkets, you will get access to the live chat support, which will help you quickly and friendly when you have any Forex trading related questions. Moreover, you will notice that easyMarkets aims to have successful traders as clients. For registered members, easyMarkets offers free webinars with FX trading experts. EasyMarkets is an online market maker that provides a trading platform for derivatives like contracts-for-difference.

The easy-to-navigate website, precise analysis data, and technical indicators ensure that investors get a seamless trading experience. Furthermore, innovative trading tools, useful research and educational materials, and helpful customer support make it an ideal platform for online trading. However, one must be capable of using these features for their advantage. Keeping that in mind, we conducted this detailed easyMarkets review to cover everything you need to know about the broker, from opening an account to withdrawing profits. We also hope that the information we have provided in this easyMarkets review might be a good fit to start trading with it. Any payments funded to easyMarkets accounts by traders are held in a segregated bank account.

Spreads vary based on the product, as well as the trading platform used by the trader, namely the web trader/app and MetaTrader 4. EasyMarkets has a straightforward and relatively easy process for setting up an account. As the whole process is online, you need to access its website and provide your credentials such as full name, email address, country of residence, and a phone number. If you own a Google or Facebook account, you can connect it to sign-up with the trading platform.

Traders can contact easyMarkets customer service for more information by phone, fax, email, live chat, or directly through the company’s worldwide offices. 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. The easyMarkets trading platform is known for its innovative features, including its proprietary dealCancellation tool, and its emphasis on transparent pricing. EasyMarkets offers CFD trading in a variety of asset classes including forex, metals, agricultural goods, energy, indices, and cryptocurrencies. I saw the damning comments about easymarkets and not being able to withdraw funds.