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Begin your forex journey with easyMarkets
Get 24/7 customer service and a personal account manager for every member.
easyMarkets (formerly Easy Forex) offers traders access to up to 135 currency pairs, including major, minor and exotic currency pairs. Traders have round-the-clock access Monday to Friday. easyMarkets also offers an industry-first dealCancellation feature, allowing traders to cancel losing trades.
Important
Trading CFDs and forex on leverage is high-risk and not suitable for all investors - you could even lose your initial investment. Always check the provider’s PDS and consider the risks before trading.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Details
| Type of broker | Online |
|---|---|
| Available markets | 100+ global currency pairings, commodities, cryptocurrency, index CFDs, stock CFDs, metals |
| Minimum Spreads for Major Currencies | 0.9 pips |
| Commission | $0 |
| Minimum opening balance | USD $100 |
| Minimum Trade Size | 0.01 lot |
| Leverage | 1:1 - 30:1 |
| Platforms | MetaTrader 4 |
| Support | Phone, email, live chat |
| More Info |
Our verdict
easyMarkets is an online market maker that provides a trading platform for contracts-for-difference or CFDs for products including forex, metals, agriculture and cryptocurrencies.
The company notes it was designed to help beginner investors get started in the CFD markets, and with its comprehensive education and personal support, they execute on this strategy.
It offers the majority of features you would expect from a CFD trader, as well as having a low minimum deposit.
Investors can trade either online or through its app, although the app has received mixed feedback.
Good for
- Personal one-on-one training
- Low fees and a fixed spread
- Access dealCancellation feature
- Access leverage up to 30:1
Not so great for
- Standard tier membership has high spreads
What are the benefits of easyMarkets?
easyMarkets has designed a forex trading platform with beginners in mind. New traders can benefit from comprehensive education and personal support. easyMarkets provides online videos, ebooks, online seminars, trading simulators and trading articles, and there is an online community for open discussion. Both membership options come with a personal account manager for over-the-phone assistance. easyMarkets customer service is available 24 hours a day.
What features are offered with easyMarkets?
You should compare the features offered by easyMarkets with those offered by other trading platforms.
MetaTrader 4
easyMarkets provides the MT4 trading platform, the world's most popular trading platform.
eastMarkets platform
The easyMarkets platform provides traders quick and flexible trading. It is available on smartphone, tablet or desktop and offers traders access to the unique dealCancellation tool. easyMarkets is supported on most Android, Apple and Windows smartphones with a mobile browser.
Spreads
Spreads are fixed, making it easy for traders to understand the cost of their trade.
Leverage
Access leverage 1:1 - 30:1 when trading with easyMarkets.
dealCancellation
This feature is unique to easyMarkets and allows traders to cancel trades within 1 hour and recover losses. There is a small fee attached to this, but it could save you thousands depending on the size of the trade.
Support and information
Access advanced charts, news, technical analysis and sentiment via the online portal. Also receive market alerts and notifications.
Order types
Access stop loss, vanilla options, forward contracts and no slippage.
Minimum deposit
You can start trading from as little as USD$100 with the standard trading account.
Payment methods
easyMarkets supports debit card, credit card, bank transfer or PayPal payment options.
Demo account
New traders can access a demo account to test the waters and see if forex trading is for them before opening an account.
What trading levels are available with easyMarkets?
You can choose from the standard trading account, or the VIP account for more active traders. Here's a snapshot of the features available through each:
| Feature | Standard account | VIP account |
|---|---|---|
| Spreads | From 3 pips | From 1.8 pips |
| Minimum deposit | USD$100 | USD$10,000 |
| Bonus | 50% bonus | Custom bonus |
| Client relationship manager | Yes | Yes |
| Platform tour | Yes | Yes |
| Education on the basics | Yes | Yes |
| Access to technical reports | Yes | Yes |
| How to use technical reports, fundamental analysis and charts | Yes | Yes |
| Free trading signals | No | Yes |
| Express withdrawals | No | Yes |
| SMS market updates | No | Yes |
| Personal analyst | No | Yes |
| Higher leverage | No | No |
| 24/hour trading support (calling or live chat) | No | Yes |
Trade cryptocurrency with easyMarkets
Trading cryptocurrency futures can be an attractive option for those who don’t want to buy the historically-volatile currency outright.
At easyMarkets, you can trade Bitcoin (BTC) as a CFD against US dollars. You can do this directly from your easyMarkets account, and don’t need your own cryptocurrency wallet to get started.
- Fixed spreads from USD$35
- Stop loss and take profit features to manage risk
- 20:1 maximum leverage
- 0.25 BTC minimum contract
Is easyMarkets safe for beginners?
Founded in 2001, easyMarkets is a well-regulated market maker across its 6 different instruments, making it relatively safe for all investors.
Adding to it, the company has a strong focus on online education helping newer investors get into the market.
The company also has a history of protecting its customers.
It was the first broker to introduce negative balance protections and a guaranteed stop-loss.
How do I sign up?
You can open an account via their website.
You’re asked to enter your name, email and phone number, so a registration link can be sent to your email. Follow the links in your email to verify your address and create a password. You can then make a deposit to your demo account and start trading right away.
FAQs
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
