What is EasyMarkets? (old Easy-Forex)
Country : Cyprus, Australia
Regulation : CySEC, ASIC
Broker Type: Market Maker
Markets: forex, CFDs, vanilla options
Minimum deposit: 100 EUR
Deposit methods: transfer, card, Skrill, Neteller, Fasapay, Giropay (Germany), Sofort, UnionPay (China)
Platforms: Web Trading, TradeDesk, Metatrader 4, iPhone.
Spread: From 3 pips Standard account; 2.5 Premium; 1.8 VIP.
EasyMarkets is a forex, CFDs and vanilla options broker that has been open since 2001 and that comes to replace the EasyForex broker, one of the pioneers in the world of online Forex.
This broker is regulated by CySEC and ASIC and has offices in Cyprus, Australia and the Marshall Islands.
It is a global broker with the service languages being: English, Spanish, Polish, Chinese and Arabic, so we see that it probably covers the four largest languages in the world and more than half of the world’s potential clients.
As its name implies, its specialty is Forex, being one of the most veteran brokers on the world currency scene.
The main contact is through Faceboo, Viber and chat they have on the web.
Click here and open an account from 5 USD with one of the best brokers on the market
We can also do it by email at: firstname.lastname@example.org or if we prefer, by phone both to your office in Cyprus and Australia.
Open EasyMarkets account and minimum deposit
Opening an account with EasyMarkets is easy as we will only have to go to their website and put our personal data in their registration form. Then they will send us an email so we can confirm.
Once we confirm we will have to go to the second step which is to verify our personal data. In this case we will have to send proof of our residence and identity. Light or water bills from our house and a copy of our identity document will suffice. Once the EasyMarkets team checks the data, they will confirm the account for us.
The minimum deposit to trade with easy-forex is $ 100 or the equivalent in other currencies.
Easy-forex offers various platforms . A web platform, the TradeDesk, the easy-forex MT4 and mobile trading.
The only platforms where all instruments, including options, can be traded are the Web Trading and mobile (iPhone) platforms.
On the other platforms, you can trade currencies, oil, gold, cryptocurrencies and silver.
Easy-forex accounts and commissions
Leverage offered in the European jurisdiction after the introduction of the ESMA regulation in 2018:
products New leverage
Main Forex pairs 30: 1 or 3.33% margin
Main indices, gold and minor Forex pairs 20: 1 or 5% margin
Lower indices, commodities and exotic Forex pairs 10: 1 or 10% margin
Cryptocurrencies 2: 1 or 50% margin
The leverage in the Australian subsidiary is much higher, of the order of 100: 1 and Forex rates, for example. The same can be used by clients from the rest of the world who open the account through that subsidiary.
easy-forex Web MT4
Minimum deposit 2,000 USD $ 20,000
Minimum lot 0.05 lot 0.01 lot
Fixed Spread From 1 pips From 1.8 pips
The gold spread will go from 0.45 pips for a lot size of 100 ounces although the minimum trading size is 0.01 lots.
The WTI oil spread is 0.07 for a 1,000 barrel lot size although the minimum size is 0.01 lots.
The spread in SP500 is 0.75 for an index lot size x 50, although the minimum size is 0.02 lots.
The DAX spread is 2 EUR but it varies rapidly.
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Bitcoin’s spread is 0.35 and we will be able to trade a minimum size of 0.25 BTC.
Easy-forex does not offer the IBEX for trading.
These spreads vary over time and represent the income of EasyMarkets that has no commission other than the spread.
The easy-forex vanilla options are not like binary options but like traditional ones. Basically, the vanilla have a variable performance, while the binary ones already know the possible performance beforehand.
We can find many opinions about this broker and its old name on the network (Easy Forex) since it is one of the most veteran brokers on the market.
Of the last threads that we can find we highlight some in Forex Factory , where they discuss operations with vanilla options, one of the star products of this broker.
Another place where we can find opinions is on Reddit.
We can also find recent threads on trade2win and elitetrader but without many comments, neither positive nor negative, but the thing remains to ask about the broker and some vague answers.
The latter I take as a positive sign, since it highlights the absence of threads with serious problems as we can find with other more problematic brokers.
The legislation in the Australian ASIC and in Europe make this broker have to go through legal channels.
To realize how old this broker is, we can find threads from 2006 in elitetrader and further back.
Of course, we can also find debates of yesteryear on sites like babypips, but they are so old that they no longer have much validity, although they are always good for those who are curious.
My Review For EasyMarkets
This is a veteran forex market maker broker , which has an interesting offer of vanilla options, in addition to forex trading and CFDs.
The minimum contracts for trading have reduced them substantially over time since previously they were greater, which is an improvement in the trading conditions of small investors who can now operate in a more flexible and efficient way.
The model continues to be a market maker, since the broker has not opted for the ECN modality , as many others have. This does not mean that he is a bad broker at all.
To enjoy promotions we will have to do it with the Australian subsidiary, something that international traders, such as those from Latin America, will be able to enjoy.
Another substantial improvement in recent times has been the reduction of the spread in many products, although not so much in Forex, where it has been a little more stagnant. For example, gold is down from 0.60 to 0.45.
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