easyMarkets is suitable for beginner traders, with 24/7 customer service and a personal account manager for every member.
easyMarkets (formally 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 loosing trades.
What are the benefits easyMarkets?
easyMarkets has designed a forex trading platform with beginners in mind. New traders can benefit from comprehensive education and personal support. Easy Forex provide 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.
easyMarkets provides the MT4 trading platform, the worlds most popular trading 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 are fixed making it easy for traders to understand the cost of their trade.
Access leverage up to 1:400 when trading with easyMarkets.
This feature is unique to easyMarkets and allows traders to cancel trades within one hour and recover your losses. There is a small fee attached to this, however 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.
Access stop loss, vanilla options, forward contracts, no slippage.
You can start trading from as little as USD $100 with the standard trading account.
easyMarkets supports debit card, credit card, bank transfer or PayPal payment options.
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 Easy Forex?
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|
|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|
|SMS market updates||NO||YES|
|24/hour trading support (calling or live chat)||NO||YES|
What are the pros and cons of using the provider?
- Personal one on one training
- Low fees and a fixed spread
- Access dealCancellation feature
- Access leverage up to 1:400
- Standard tier membership has high spreads
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.
Frequently asked questions
Does easyMarkets charge a commission?
No, it does not charge commissions, but you may be charged a renewal fee if your deal remains open after 22:00 GMT.
How does easyMarkets make money on the service?
easyMarkets is a market marker, so it makes money on the forex spread.
What is the best type of account for me?
The different account levels have different margins and spreads. You can review the account features by reading a review of the service and comparing the features. If you’re still unsure, you can speak to an Account Service Manager for advice.