easyMarkets is an online brokerage firm founded in 2001 in Cyprus as Easy Forex and rebranded to easyMarkets in 2016. easyMarkets is the trading name of the easyMarkets Group which is part of Blue Capital Markets Limited.
Blue Capital Markets Limited is a financial holding company that offers online financial services solutions through its group of companies as its sole shareholder and Ultimate Parent Entity of the easyMarkets group of companies.
easyMarkets offers CFD (Contract For Difference) trading on Forex (Foreign Exchange) pairs, commodities, stocks, cryptocurrencies, indices and trading on vanilla options and forwards. easyMarkets is a globally renowned brand that offers various account types and trading platforms to accommodate traders of all experience levels, from beginners to seasoned professionals.
The easyMarkets brand is a global group of companies available in most countries (specific regional restrictions are in place). This review highlights the easyMarkets offering and whenever a regional difference occurs it will be promptly stated.
Is easyMarkets a good broker?
Yes, easyMarkets is considered a good broker for various trading activities.
easyMarkets is particularly favourable for beginners offering an unlimited demo account, and providing a broad range of educational tools suitable for all skill levels through the easyMarkets Academy.
For day trading on Forex and CFDs, easyMarkets presents a competitive advantage with over 60 Forex pairs and 275 CFD assets, including shares, cryptocurrencies, and more. easyMarkets offers both fixed spreads from 0.7 pips and variable spreads from 0.5 pips, along with access to popular platforms like MT4 and MT5.
easyMarkets provides unique tools like the Freeze Rate features for freezing prices and executing trades.
Is easyMarkets good for beginners?
Yes, easyMarkets is good for beginners.
easyMarkets offers an unlimited demo account, requires a low minimum deposit, and provides a wide range of educational tools catering to all levels, from beginners to advanced. These tools include the easyMarkets Academy, free eBooks and a wide range of trading glossaries.
Is easyMarkets good for day trading on Forex and CFDs?
Yes, easyMarkets is a good broker for day trading on Forex and CFDs.
At easyMarkets you can find over 60 Forex pairs and 275 CFD assets, including shares, cryptocurrencies, metals, commodities, indices, vanilla options and forwards. Forex spreads are both fixed from 0.7 pips and variable from 0.5 pips. easyMarkets also provides access to MT4 and MT5 platforms.
Is easyMarkets good for scalping?
Yes, easyMarkets is good for scalping.
The easyMarkets VIP account features fixed spreads from 0.7 pips. easyMarkets also offers unique features such as the Freeze Rate to pause market prices for about 2-3 seconds to perform trades.
Is easyMarkets good for demo trading?
Yes, easyMarkets is good for demo trading.
easyMarkets offers an unlimited demo account with a virtual balance of $100,000 and real-time data.
Is easyMarkets good for long-term investing?
Yes, easyMarkets is good for long-term investing.
easyMarkets provides long-term investments only through vanilla options and forwards that have timeframe options from 1 day to 6 months. No overnight fees attached to make it suitable for long-term investing.
What are the easyMarkets key features?
The easyMarkets key features and main characteristics are listed below:
- CFD and Forex trading: easyMarkets is a CFD broker. Here you can trade around 275 CFDs as Forex, shares, cryptocurrencies, metals, commodities, indices, vanilla options and forwards. Spreads on Forex start from 0.7 pips (fixed) or 0.5 pips (variable) depending on account type.
- Vanilla options and Forwards: Vanilla options at easyMarkets enable trading on both rises and falls of instruments without ownership, allowing calls or puts at set prices and durations. Alongside, easyMarkets provides forwards to hedge against future market fluctuations by locking in current prices for future dates, offering diverse trading strategies.
- easyTrade: The easyTrade feature enables trading with predetermined risk and unlimited profit potential, allowing you to set your risk level, trade duration, and market direction prediction. It supports automatic position closing at desired price levels and offers a range of trading instruments without direct fees, focusing on quick market entry and hedging possibilities for short-term trades.
- Fixed spreads: easyMarkets offers fixed spreads on their trading accounts. Fixed spreads start from 0.7 pips on the EUR/USD Forex pair on the VIP account.
- Guaranteed stop loss: easyMarkets offers a guaranteed free Stop Loss feature on the easyMarkets platform Web/App and TradingView, ensuring trades close at the set level or rate to protect against unintended losses and limit maximum risk.
- No slippage: The price you request is the price you get, thanks to zero slippage on the easyMarkets platform Web/App and TradingView, ensuring trades are executed exactly at the requested price, alongside innovative trading and risk management tools.
- dealCancellation: Undo losing trades within a 1, 3, or 6-hour window, trading risk-free by cancelling easyMarkets orders when markets move against you.
- Freeze Rate: easyMarkets lets you freeze the current price for a few seconds, offering a crucial advantage in the volatile Forex and cryptocurrency markets.
The major attributes and qualities of easyMarkets can be found in this table below:
Area of regulation |
Europe (Cyprus), Australia, Offshore (Seychelles, British Virgin Islands)
|
Trading fees rating |
Medium
|
Inactivity fee |
No
|
Withdrawal fees |
No
|
Minimum deposit |
From $0 to $10,000
|
Time to open a live account |
3 days on average
|
Wire transfer deposits |
Yes
|
eWallets deposits |
Yes
|
Account base currencies supported |
EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD
|
Demo account provided |
Yes
|
Products offered |
CFDs on Forex, shares, cryptocurrencies, metals, commodities, indices, vanilla options and forwards
|
What can’t be done on easyMarkets?
The trading features and strategies that can’t be done on easyMarkets are listed below:
- easyMarkets doesn’t offer the cTrader platform: Users cannot utilise the cTrader trading platform for their trading activities on easyMarkets.
- easyMarkets doesn’t have copy trading: easyMarkets does not support copy trading, meaning users cannot automatically replicate the positions of other traders.
- easyMarkets isn’t available in the USA and Canada: easyMarkets does not offer its trading services to individuals residing in the USA or Canada.
If you’re looking for one of these features, you might be wanting to look for easyMarkets alternatives.
What are the easyMarkets pros and cons?
Pros:
- Fixed spreads from 0.7 pips on the VIP account
- easyMarkets demo account is unlimited
- Leverage up to 1:2000 on Forex under FSA and FSC regulations
- Good range of trading platforms
- easyMarkets won more than 50 industry awards
Cons:
- easyMarkets offers change depending on the location of the trader
- No copy and social trading features
- Small range of tradable assets compared to other CFD brokers
Is easyMarkets regulated?
Yes, easyMarkets is regulated by CySEC (079/07), ASIC (246566), FSA (SD056), FSC (SIBA/L/20/1135).
easyMarkets is compliant with ESMA regulations, owing to its CySEC licence, and can offer Cross-border services to EU Member States.
The details on all the licences obtained by the easyMarkets Group across its various entities from several regulatory bodies around the world are included in the table below:
easyMarkets Group Entity | Regulatory Body | License Number | Country | easyMarkets Group Entity Address |
---|---|---|---|---|
Easy Forex Trading Ltd | CySEC (Cyprus Securities and Exchange Commission) | 079/07 | EU | Griva Digeni 1 Ave, Kriel Court, Office 303, CY-3035 Limassol/ P.O. Box 53742, CY-3317 Limassol |
Easy Markets Pty Ltd | ASIC (Australia Securities and Investments Commission) | 246566 | Australia | Suite 703, 65 York Street, Sydney, NSW 2000, Australia |
EF Worldwide Ltd | FSA (Financial Services Authority) | SD056 | Seychelles | CT House, Office 9A, Providence, Mahe, Seychelles |
EF Worldwide Ltd | FSC (Financial Services Commission) | SIBA/L/20/1135 | British Virgin Islands | Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands |
Is easyMarkets legit?
Yes, easyMarkets is legit and it is not a scam.
Established in 2001, easyMarkets is a reputable global brokerage firm that specialises in online Forex and CFD trading. It has garnered a strong reputation within the financial industry over the years, making it a popular choice among traders around the world.
easyMarkets is part of the easyMarkets Group, with its headquarters situated at Griva Digeni 1 Ave, Kriel Court, Office 303, CY-3035 Limassol/ P.O. Box 53742, CY-3317 Limassol, Cyprus.
Boasting a worldwide presence, easyMarkets has a significant operational footprint in various countries. It operates offices and is licensed in Sydney, Australia, the Seychelles, the British Virgin Islands and also maintains a marketing office in Shanghai, China.
Is easyMarkets safe?
Yes, easyMarkets is deemed safe even though it’s important to note that this doesn’t guarantee future positive outcomes. easyMarkets complies with stringent regulatory and financial norms to ensure the security of clients’ funds, deposits, and withdrawals.
To protect clients’ funds, easyMarkets employs several measures, including the use of segregated bank accounts. easyMarkets prioritises data security by encrypting data during transmission and storage, safeguarding sensitive information. Moreover, easyMarkets utilises technologically advanced trading platforms such as MetaTrader, which are renowned for their reliability.
Has easyMarkets won any industry awards?
Yes, easyMarkets has won numerous awards, amassing more than 50 awards over its history.
Recent highlights from 2023 include receiving the “Best Global Broker” award at the Dubai Expo, being named the “Best Fixed Spread Broker” by KaigaiFXDaigaku, and earning the title of “Longest Serving Broker” from Media With, Inc.
How does easyMarkets protect clients’ money?
easyMarkets, along with all entities within the easyMarkets Group, ensures the protection of client funds through the use of segregated bank accounts. This approach secures funds in the event of broker insolvency or bankruptcy.
Every company within the easyMarkets group offers Negative Balance Protection to all clients, ensuring that traders can never lose more money than their initial deposit.
In the European Union and the United Kingdom, this level of protection is enhanced by the Investor Compensation Fund (ICF) and the Financial Services Compensation Scheme (FSCS), respectively. These provide insurance compensation of up to €20,000 in the EU and £85,000 in the UK if the broker is unable to fulfil its financial obligations. Such measures guarantee the security of clients’ investments and significantly reduce the risk of losses beyond their initial investment.
Who is the CEO of easyMarkets?
The easyMarkets CEO has been Nikos Antoniades since 2014.
Nikos Antoniades had previous professional experiences for Ernst & Young, Limassol and V.Ships Ltd.
How to use easyMarkets?
In order to use easyMarkets you have to respect the following requirements:
- Be legal of age in your own country.
- Make sure easyMarkets is allowed in your country.
- Verify your identity.
- Deposit a minimum amount of money.
In Which Countries is easyMarkets not Available?
easyMarkets does not accept traders from the countries listed below:
- Burundi
- Chad
- Republic of Congo (Brazzavile)
- Democratic Republic of Congo
- Equatorial Guinea
- Guinea Bissau
- Libya
- Somalia
- South Sudan
- Sudan
- Canada (BC, ON, MB, QC)
- Cuba
- Haiti
- United States of America
- Venezuela
- Afghanistan
- Cambodia
- Iraq
- Iran
- Israel
- North Korea
- Syria
- Turkmenistan
- Yemen
What are the easyMarkets account base currencies?
The easyMarkets account base currencies include EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD.
The selection may slightly vary depending on your area and the account type selected.
easyMarkets may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected.
What is the easyMarkets minimum deposit?
The easyMarkets minimum deposit ranges from $0 to $200 for retail account types such as the Standard account or the MT5 account. The exact amount depends on several key aspects such as the account type, the trading platform and the easyMarkets Group entity according to the regulatory framework of your country.
The easyMarkets minimum deposit ranges from $1,000 to $10,000 for professional account types such as the Premium account or the VIP account. The exact amount depends on several key aspects such as the account type, the trading platform and the easyMarkets Group entity according to the regulatory framework of your country.
The easyMarkets Group minimum deposit breakdown according to different regulatory frameworks and account types is in the table below:
easyMarkets Group account types | CySEC | ASIC | FSA and FSC |
---|---|---|---|
Standard account (easyMarkets Web/App and TradingView) | X | 200 AUD | $25 |
Premium account (easyMarkets Web/App and TradingView) | $25 | 3,000 AUD | $2,000 |
VIP account (easyMarkets Web/App and TradingView) | $10,000 | 10,000 AUD | $10,000 |
Standard account (MT4) | X | X | $25 |
Premium account (MT4) | X | X | $2,000 |
VIP account (MT4) | $0 | 0 AUD | $10,000 |
MT5 account | $25 | 200 AUD | $25 |
To fulfil the minimum deposit requirements at easyMarkets, you can utilise various payment methods, including bank wires, credit/debit cards, e-wallets, and cryptocurrencies (the availability depends on your area and the easyMarkets Group entity you are trading with).
Deposits are typically processed almost instantly, with the exception of bank wire transfers, which can take up to several business days.
easyMarkets does not impose any fees for deposits.
The easyMarkets deposit requirements and features are listed in this table below:
Minimum deposit | From $0 to $10,000 |
Deposit fees | No |
Deposit methods | Wire Transfer, MasterCard, Visa, Maestro, AstroPay, Neteller, Skrill, Fasapay, Sticpay, WebMoney, Bitwallet, Perfect Money, Crypto currency deposits, Local bank transfer (iDeal, BPay, Pix, NetBanking, UPI) |
Deposit Processing Time | Up to 1 business days |
What are the easyMarkets deposit and withdrawal methods?
easyMarkets enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Visa and Mastercard), ewallets (Neteller and Skrill), and cryptocurrencies.
The full range of easyMarkets deposit and withdrawal methods (the availability depends on your area and the easyMarkets Group entity you are trading with) is in the list below:
- Wire Transfer
- MasterCard
- Visa
- Maestro
- AstroPay
- Neteller
- Skrill
- Fasapay
- Sticpay
- WebMoney
- Bitwallet
- Perfect Money
- Crypto currency deposits such as USDT (TRC), USDT (ERC), USDC (Solana), BTC, BCH, ETH, LTC
- Local bank transfer (iDeal, BPay, Pix, NetBanking, UPI)
Keep in mind though, that some of these payment methods may be available only in specific countries or world regions depending also on the easyMarkets Group entity.
Additionally, the easyMarkets withdrawal method must be the same used for depositing funds.
easyMarkets does not have a minimum withdrawable amount with the sole exception of bank wire transfer that requires a minimum of $50.
When it comes to withdrawal fees, easyMarkets does not charge any fees on withdrawals.
Are withdrawals secure and fast on easyMarkets?
easyMarkets withdrawals are secure, but can be slow requiring up to 10 business days to get through, depending also on the final destination of your funds and your bank’s processing times.
Since your funds are kept in segregated bank accounts, you can safely withdraw your money whenever you want. In order to ensure a smoother withdrawal process, which can make it faster to some extent, make sure your KYC information on easyMarkets (i.e. your personal information provided) is up to date.
Are there bonuses or promotional offers on easyMarkets?
Yes, easyMarkets offers bonuses and promotional offers to its traders under the FSA (Financial Services Authority) regulation in the Seychelles, the FSC (Financial Services Commission) regulation in the British Virgin Islands regulations and to Australian professional traders under ASIC (Australia Securities and Investments Commission) regulation.
Traders residing in the EU, UK, and Australia (with the exception of Australian professional traders) are not allowed to benefit from bonuses or promotional offers on easyMarkets.
Keep also in mind that bonuses and promotions are usually cyclical, meaning that they may not be available at all times.
The bonuses and promotions offered by easyMarkets updated to February 2024 only for eligible users (excluding EU, UK and retail Australian users) are included in the list below:
- First deposit bonus: Receive 50% (20% for Australian professional traders) or up to a $2000 tradable bonus based on your first deposit.
- Rebate scheme: Australian professional traders can receive rebates based on the total monthly trading volume starting from a minimal threshold of 100 lots or $10m notional volume. Rebates are determined by the total net volume traded across all asset classes within the month.
- Refer a friend: Refer a friend from social media, website or messaging app and when they deposit, you can earn up to $750 per referral (up to $5,000 for Australian professional traders).
- No swap fees: Enjoy up to two months without swap fees through the Switch No Fees Promotion, offered to Australian professional traders. Any incurred swap fees are fully rebated back to the client’s account, provided the minimum account size is 1,000 AUD. Additionally, the promotion can extend for another 30 days with up to 100% deduction on swap fees for meeting minimum trading volumes: 500 lots for a 50% deduction, and 1000 lots for a 100% deduction.
What are the easyMarkets account types?
easyMarkets provides a variety of account types to suit the needs of any trader. All the easyMarkets account types are outlined in the table below.
easyMarkets account type | Minimum deposit | Base currency | Spreads from | Trading volume commissions | Platform |
---|---|---|---|---|---|
Standard account (easyMarkets Web/App and TradingView) | $25 (under FSA and FSC regulations); $200 (under ASIC regulation) |
EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 1.8 pips (fixed) | $0 | easyMarkets Web/App, TradingView |
Premium account (easyMarkets Web/App and TradingView) | $25 (under CySEC regulation); $2,000 (under FSA and FSC regulations); $3,000 (under ASIC regulation) |
EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 1.5 pips (fixed) | $0 | easyMarkets Web/App, TradingView |
VIP account (easyMarkets Web/App and TradingView) | $10,000 | EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 0.8 pips (fixed) | $0 | easyMarkets Web/App, TradingView |
Standard account (MT4) | $25 | EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 1.7 pips (fixed) | $0 | MT4 |
Premium account (MT4) | $2,000 | EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 1.2 pips (fixed) | $0 | MT4 |
VIP account (MT4) | $0 (under CySEC, ASIC regulations); $10.000 (under FSA and FSC regulations) |
EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 0.7 pips (fixed) | $0 | MT4 |
MT5 account | $25 (under CySEC, FSA and FSC regulations); $200 (under ASIC regulation) |
EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 0.5 pips (variable) | $0 | MT5 |
Professional account | From $0 | EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD | 0.5 pips | $0 | MT4, MT5, easyMarkets web/app, TradingView |
μBTC account | From $0 | μBTC | 0.7 pips | $0 | MT4, MT5, easyMarkets web/app, TradingView |
easyMarkets Demo Account
The easyMarkets demo account is an account type that allows you to try the easyMarkets service for free using virtual funds.
The demo account lets you trade and invest in over 275 assets without any financial risk replicating the features of a live easyMarkets account.
The easyMarkets demo account is unlimited and comes with a virtual balance of $100,000 for testing purposes.
Opening the demo account requires providing easyMarkets with a username, an email address, and a telephone number, as detailed in our easyMarkets demo account guide.
easyMarkets Standard Account
The easyMarkets Standard account is available under ASIC regulation on the easyMarkets platform Web/App and TradingView and under FSA and FSC regulations on easyMarkets platform Web/App, TradingView, and MT4.
The easyMarkets Standard account provides access to all CFDs assets available, with a minimum trading size of 0.01 standard lot (equal to a micro lot) and the full range of account base currency.
The minimum deposit to open a Standard account is $25 under the FSA and FSC regulations or 200 AUD under the ASIC regulation.
The easyMarkets Standard account charges fixed spreads from 1.7 pips on Forex, which is 70% higher than the industry standard of 1 pip, and no trading volume commissions.
The maximum leverage on the easyMarkets Standard account is up to 1:400 on Forex for traders under the FSA and FSC regulations (excluding traders from EU, UK, and Australia).
The easyMarkets Standard account supports the MT4, easyMarkets platform Web/App and TradingView trading platforms. Additionally, it’s available as a swap-free option for Islamic traders.
easyMarkets Premium Account
The easyMarkets Premium account is available for any client, even though only traders under the FSA and FSC regulations have the ability to operate the Premium account on the MT4 trading platform.
The easyMarkets Premium account provides access to all CFDs assets available, with a minimum trading size of 0.01 standard lot (equal to a micro lot) and the full range of account base currency.
The minimum deposit to open a Premium account is as follows:
- $25 under the CySEC regulation;
- $2,000 under the FSA and FSC regulations;
- 3,000 AUD under the ASIC regulation.
The easyMarkets Premium account charges fixed spreads from 1.2 pips on Forex, which is 20% higher than the industry standard of 1 pip, and no trading volume commissions.
The maximum leverage on the easyMarkets Premium account is up to 1:400 on Forex for traders under the FSA and FSC regulations (excluding traders from EU, UK, and Australia).
The easyMarkets Premium account supports the MT4, easyMarkets platform Web/App and TradingView trading platforms. Additionally, it’s available as an Islamic swap-free option compliant to the Shariah law.
easyMarkets VIP Account
The easyMarkets VIP account is available for any client with no exceptions based on regulations and trading platforms.
The easyMarkets VIP account provides access to all CFDs assets available, with a minimum trading size of 0.01 standard lot (equal to a micro lot) and the full range of account base currency.
The minimum deposit to open a VIP account starts from $0 under the CySEC and ASIC regulations on the MT4 platform and rises up to $10,000.
The easyMarkets VIP account charges fixed spreads from 0.7 pips on Forex, which is 30% cheaper than the industry standard of 1 pip, and no trading volume commissions.
The maximum leverage on the easyMarkets VIP account is up to 1:400 on Forex for traders under the FSA and FSC regulations (excluding traders from EU, UK, and Australia).
The easyMarkets VIP account supports the MT4, easyMarkets platform Web/App and TradingView trading platforms. Additionally, it’s available as a swap-free option for traders of the Islamic faith who need to comply with the Shariah law.
easyMarkets MT5 Account
The easyMarkets MT5 account is available for any client with no restrictions.
The easyMarkets MT5 account provides access to all CFDs assets available, with a minimum trading size of 0.01 standard lot (equal to a micro lot) and the full range of account base currency.
The minimum deposit to open a MT5 account is $25 under the CySEC, FSA and FSC regulations or 200 AUD under the ASIC regulation.
The easyMarkets MT5 account charges variable spreads from 0.5 pips on Forex, which is 50% cheaper than the industry standard of 1 pip, and no trading volume commissions.
The maximum leverage on the easyMarkets MT5 account is up to 1:2000 on Forex for traders under the FSA and FSC regulations (excluding traders from EU, UK, and Australia).
The easyMarkets MT5 account supports only the MT5 trading platforms. Additionally, it’s available as an Islamic account for swap-free trading.
easyMarkets Professional Account
The easyMarkets Professional account is exclusively designed for traders in the EU, UK, and Australia who classify as Professional Clients.
Professional clients on easyMarkets still retain some retail protection such as the Negative Balance Protection and can also access higher leverage up to 1:500 on Forex.
Professional account provides access to all easyMarkets trading instruments with a minimum trade size of 0.01 lot.
The easyMarkets professional account offers the full list of 18 base currencies. The Professional account has a minimum deposit from $0.
The easyMarkets Professional account features spreads from 0.5 pips, which is 20% higher than the industry standard of 1 pip, on the MT5 account.
In terms of leverage, the Professional account offers up to 1:500 on Forex pairs.
Traders can utilise both MetaTraders (MT4 and MT5) platforms along with the easyMarkets platform Web/App and TradingView.
easyMarkets μBTC Account
The easyMarkets μBTC account, also known as Bitcoin base currency account, is available for traders under the ASIC, FSA and FSC regulations.
A μBTC or a “MicroBitcoin” is the smallest denomination of a Bitcoin and is equal to 0.000001 BTC.
The μBTC account supports Bitcoin as the account base currency allowing trading on all the CFDs assets with no FIAT exchange required.
To open a μBTC account you just have to select the μBTC as a base currency during sign-up and make a deposit through the designated Bitcoin Wallet Address assigned to you by the easyMarkets platform.
The trading platforms available in the μBTC account are the MT4, MT5, easyMarkets platform Web/App and TradingView.
Can I test all easyMarkets account types on a demo account?
Yes, easyMarkets offers a free demo account for practicing with any available account type. The easyMarkets demo account enables you to test your trading strategies risk-free.
All accounts at easyMarkets have common features regarding trading platforms, assets available for trading, and trading conditions.
This means you can discover the different easyMarkets account types available, understand their availability and features, and then create a trading account to directly experience the services provided by easyMarkets.
What are the fees on easyMarkets?
The easyMarkets fees and commissions are in the list below:
- Spreads: Spreads on easyMarkets are fixed from 0.7 pips on the VIP account (MT4) and variable from 0.5 pips on the MT5 account.
- Volume-based commissions: easyMarkets does not provide accounts with trading volume commissions.
- Overnight fees: easyMarkets charges an overnight fee unless you have an Islamic swap-free account.
- Inactivity fees: easyMarkets does not charge any inactivity fee.
How good are easyMarkets trading spreads and commissions?
The easyMarkets average cost per trade is $11.71, calculated as an average across all easyMarkets Group account types (17.14% higher than the industry standard average cost of $10), considering a 1 lot volume trade on the EUR/USD Forex pair.
The cheapest account on easyMarkets Group is the VIP account (MT4) with an average cost per trade of $7 which is 30% cheaper than the industry standard of $10. The easyMarkets VIP account (MT4) charges fixed spreads starting from 0.7 pips with no trading volume commissions on 1 lot of the EUR/USD Forex pair.
The average cost per trade rises up to $18 in the easyMarkets Standard account (easyMarkets platform Web/App and TradingView), which is 80% higher than the industry standard of $10. The easyMarkets Standard account (easyMarkets platform Web/App and TradingView) charges fixed spreads starting from 1.8 pips with no trading volume commissions on 1 lot of the EUR/USD Forex pair.
The easyMarkets Group trading costs breakdown based on each account type available is in the table below:
easyMarkets account type | Spreads from | Commission | Total commission per trade | Industry standard |
---|---|---|---|---|
Standard account (easyMarkets Web/App and TradingView) | 1.8 pips (fixed) | $0 per lot | $18 per lot | 80% higher |
Premium account (easyMarkets Web/App and TradingView) | 1.5 pips (fixed) | $0 per lot | $15 per lot | 50% higher |
VIP account (easyMarkets Web/App and TradingView) | 0.8 pips (fixed) | $0 per lot | $8 per lot | 20% cheaper |
Standard account (MT4) | 1.7 pips (fixed) | $0 per lot | $17 per lot | 70% higher |
Premium account (MT4) | 1.2 pips (fixed) | $0 per lot | $12 per lot | 20% higher |
VIP account (MT4) | 0.7 pips (fixed) | $0 per lot | $7 per lot | 30% cheaper |
MT5 account | 0.5 pips (variable) | $0 per lot | $5 per lot | 50% cheaper |
The resume of the easyMarkets Group trading spreads and commissions on different markets is in the table below:
Asset type | Spreads/Commission |
---|---|
Forex | Spreads from 0.5 pips |
Shares | Spreads from 0.20 pips |
Cryptocurrencies | Spreads from 0.0005 pips |
Metals | Spreads from 0.4 pips |
Commodities | Spreads from 0.4 pips |
Indices | Spreads from 3 pips |
What type of broker is easyMarkets?
easyMarkets is a CFD (Contract For Difference) broker with execution style based on Market Maker (MM) models.
This indicates that easyMarkets operates as the counterparty to your trades, establishing its own internal market. This approach enables easyMarkets to maintain consistent pricing and offer features such as fixed spreads.
How does easyMarkets make money?
easyMarkets generates revenue through spreads, overnight fees, currency conversion fees and additional premium services. easyMarkets also makes money through B-Book execution policies.
easyMarkets primary income sources are spread on all the accounts which starts from 0.5 pips (variable) on the MT5 account or from 0.7 pips (fixed) on the VIP account. easyMarkets also makes money from swap fees on open positions overnight.
Revenue is also generated from proprietary services like dealCancellation, which incurs a fee influenced by recent market volatility, while providing Freeze Rate and guaranteed stop loss as complimentary services on the easyMarkets platform Web/App.
A significant portion of easyMarkets’ income comes from B-book execution, where easyMarkets benefits from the counterparty position in losing trades, and vice versa lose money from winning trades.
As easyMarkets is not publicly traded, detailed information on its revenue strategies and financials is not publicly available.
What assets can you trade on easyMarkets?
On easyMarkets you can trade over 275 CFD (Contract For Difference) assets in different markets such as Forex, shares, cryptocurrencies, metals, commodities, indices and support trading on vanilla options and forwards.
The markets and the number of assets offered at easyMarkets can be found in this table below:
Market | Number of assets |
---|---|
Forex | 60+ |
Shares | 65+ |
Cryptocurrencies | 20 |
Metals | 5 |
Energies | 5 |
Commodities | 7 |
Indices | 15 |
Vanilla options | 40+ |
Forwards | 30+ |
What is the maximum leverage available on easyMarkets?
The maximum leverage available on easyMarkets is 1:2000 under the regulation of the FSA (Financial Services Authority) of the Seychelles and the FSC (Financial Services Commission) regulation in the British Virgin Islands.
EU, UK, and Australian traders have a maximum leverage capped at 1:30 on easyMarkets due to ESMA/MiFID II laws and ASIC regulation.
By qualifying as a professional trader, EU, UK, and Australian traders can access a higher leverage of up to 1:500 on Forex.
What is the minimum lot sizing available on easyMarkets?
The minimum lot size available to trade through easyMarkets is 1 micro lot.
This is equivalent to 0.01 standard lots and signifies that you can start trading with a minimum trade size of $1,000 in cash value.
Can you earn dividends on easyMarkets?
Yes, you can earn dividends on easyMarkets indices and shares CFDs.
easyMarkets adjusts dividends based on traders’ positions (long or buy) and accordingly credits or debits the trader.
Additionally, easyMarkets lists upcoming dividend adjustments for the following weeks on its website for all eligible indices and share CFDs.
What are easyMarkets’ liquidity providers?
easyMarkets liquidity provider is its parent company, Blue Capital Markets Limited.
easyMarkets enters into back-to-back hedges with its parent company, Blue Capital Markets Limited in order to offsets all its trading orders and hedge risks.
Blue Capital Markets then combines all its risks from easyMarkets Group balancing them out where possible. If there’s still some risk left, Blue Capital Markets deals with one or more liquidity providers to manage it.
What platforms does easyMarkets offer?
The easyMarkets trading platforms offered, their availabilities and features are in the list below:
- MetaTrader 4 (MT4), available as webtrader, desktop and mobile.
- MetaTrader 5 (MT5), available as webtrader, desktop and mobile.
- easyMarkets platform, available as a webtrader and mobile app.
- TradingView, available as a webtrader.
easyMarkets provides the most common orders for risk management on all trading platforms such as: stop losses, take profit, limit orders, and trailing stops.
Each platform features a comprehensive set of indicators, charting tools, and analytical functions to assist traders in making informed decisions based on technical analysis and fundamental analysis.
How good is easyMarkets Customer Service?
easyMarkets offers thorough and effective customer support.
The easyMarkets website includes a detailed FAQ section for quick answers to frequent questions. Additionally, their customer support can be reached through live chat, email, or phone in approximately 9 languages.
The support team is known for being professional and responsive, typically replying within one business day.
Furthermore, easyMarkets is active across multiple social media channels, such as Facebook, Instagram, X (formerly Twitter), LinkedIn, and YouTube, making it easier for clients to connect with them.
How can you contact easyMarkets?
If you do need to get in contact with easyMarkets support team, you will find them readily available in English through live chat, email, or phone.
Does easyMarkets have social media channels?
Yes, easyMarkets has profiles on different social media, such as Facebook, Instagram, X (formerly Twitter), LinkedIn, and YouTube.
How many languages are available at easyMarkets?
The easyMarkets website caters for many languages with a total of 9 available. These languages include English, German, Italian, Spanish, Portuguese, Polish, Estonian, Japanese, Chinese, and Arabic.
What are the easyMarkets market analysis tools?
easyMarkets offers eight main market analysis tools. The easyMarkets market analysis are listed below:
- Stay updated with market reactions to macroeconomic data, geopolitical events, or even rumours.
- Get a comprehensive technical analysis of top instruments like indices, forex, and more with the easyMarkets Daily Pitch.
- Explore hypothetical market scenarios and their potential impacts with the easyMarkets What If series.
- Access real-time charts for various financial instruments.
- Check the latest rates for financial instruments in real time.
- Keep track of significant market events with the financial calendar.
- Stay informed about company earnings with the earnings calendar.
- Find out the trading hours for different markets.
Does easyMarkets provide educational tools?
Yes, easyMarkets provides several educational tools. The educational tools traders can use to keep learning trading with easyMarkets are in the list below:
- easyMarkets Academy: Explore trading courses and videos at the easyMarkets Academy to enhance your trading skills.
- Free eBooks: Download free eBooks on trading, technical analysis, and guides for MT4 and the easyMarkets platform Web/App.
- Knowledge Base: Discover the essentials of trading, easyMarkets, TradingView, and analysis in the Knowledge Base.
- Trading glossary: Get straightforward definitions of trading terms in the Trading Glossary.
- Economic indicator glossary: Understand the market better with the Economic Indicator Glossary, your tool for powerful market insights.
What do users think about easyMarkets?
Warning
The ratings and third-party reviews presented below are provided for informational purposes only and may not accurately represent the broker's quality.
Trustpilot | 4.6/5 (1593+ reviews) |
Google Play Store | 3.4/5 (212’000+ reviews) |
iOS App Store | 4.5/5 (132+ reviews) |
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