easyMarkets only accepts non-U.S. customers.
easyMarkets has been a pioneer in helping get the retail forex trading business going, having been in operation since 2001 in more than 150 countries. The broking company has its forex business headquartered in Limassol, Cyprus, but maintains offices around the globe in major money centers such as Sydney and Melbourne, as well as in Shanghai and Warsaw. Furthermore, easyMarkets holds licenses in Australia and the European Union, so it’s regulated by two major financial authorities.
Features
Clients of easyMarkets enjoy a number of features that include: single-click trading, accounts in 12 base currencies, standard dealing spreads, proprietary trading tools, SMS alerts, market outlooks, Reuters news, full use of funds for leverage, a multi-lingual website and historical rate rolls.
New Spreads are available for EU customers. More information below:
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Accounts
Account types at easyMarkets include Demo, Standard and V.I.P accounts, with Islamic and Orthodox Jewish accounts also available. The minimum deposit is $100, and trading leverage ranges up to 400 to 1. Higher deposits have added benefits, and new clients receive deposit bonuses of up to $2000 (excluding EU Countries) depending on deposit size. Keep in mind the higher the leverage, the greater the risk.
Transactions
easyMarkets supports all the usual order types, plus entry stop and entry limit orders and trailing stops. You can fund your trading account in up to 12 currencies and make deposits with Amex, Master Card and Visa credit cards, or via Skrill, Neteller, Webmoney and wire transfers. Withdrawals are via online forms and fee-free options include sending funds to credit card accounts.
Platform
Traders looking for a basic online trading platform will be pleased with the customizable easyMarkets interface that includes a charting facility and a freeze-rate feature. More sophisticated traders might appreciate its API support that permits automated trading.
Support
easyMarkets has an extensive online FAQ, plus access to support staff via Live Chat and e-mail throughout the trading week. Customer support is provided in ten languages, and dealing desk access is available to clients with a VIP account.
Information
In addition to a video guide section, easyMarkets aims to make forex accessible to beginners in a simple and easy-to-understand format. The broker provides informational written material about forex trading and technical analysis, and available items currently include: forex articles, a forex e-book and a forex glossary. With respect to market data, the broker’s website contains an economic calendar, an interest rates table, a matrix of currency rates, live news feeds with Reuters News, and daily outlook reports with technical levels. The site also offers daily, special and live news video reports.
Safety
easyMarkets is licensed to provide forex-related financial services in Australia where it operates under AFS number 246566 and in the E.U. under CySec 079/07. Furthermore, easyMarkets uses SSL technology to authenticate users, encrypt credit card payments and transfer data. The broker also separates the online activity server from the transaction information server; and stores client data at duplicate server farms in the U.K.
Overall
easyMarkets provides a straightforward way to get started trading and managing your account online. In addition to some useful educational material and API support for automated trading, the broker’s website also features a Reuters news feed. Furthermore, easyMarkets has earned a reputation for operating respectably in the retail forex business that it pioneered, and the broker also offers good data security and regulation by authorities in two major regions. Overall, the firm offers a good mix of user-friendliness and trustworthiness that make easyMarkets easy to recommend.