easyMarkets Review 2017

easyMarkets Review 2017

easyMarkets Review 2017

We have another big broker for you, and this time the company we analyze has one of the best reputations in the forex and CFD trading industry. easyMarkets has been active for more than 16 years, a fact that says a lot in and of itself, but we will not stop there. Quite the contrary, we dug very deep and took a close look at everything that makes this brokerage such a huge success.

After trading on their website, our experts have a lot to tell you, which is why they wrote this easyMarkets review.

There are tons of interesting features to discuss, so don’t waste any more time and start reading. You don’t want to miss this!

PROS

CONS

– many different transfer methods

– loads of experience

– no deposit bonus for certain regions

– excellent platforms

– deal cancellation option

– detailed education…

– doesn’t accept US traders

– bonuses depend on the region

easyMarkets Review | Deposit

Ok, let’s start this guide with the most basic steps you need to do in order to be able to start trading. After you create your easyMarkets account, which is really quick and simple, and complete the login, you will need to fund your account. This can be done in several different ways, so let’s take a look at the options you have.
Now, easyMarkets deposit methods include local and international bank transfers, credit cards (Visa, MasterCard, Maestro and even American Express!) and a whole bunch of e-wallets. Skrill, Neteller and WebMoney are there, obviously, but you can also use WeChatPay, a method that is extremely difficult to find anywhere else. Apart from that, you have your China Union Pay, iDeal, GiroPay and many more all lined up and ready for you to use. Therefore, we can conclude that the selection of this broker’s deposit methods is simply excellent because it is diverse and offers some pretty rare options.
As for the numbers, easyMarkets minimum deposit is set to 100 USD, which we find quite fair and affordable, especially given the quality of service you get here. Furthermore, there are no commissions or deposit fees you need to worry about. All your financial transactions will be processed very quickly, with most of the methods being processed instantly or within two hours. WebMoney and bank transfers are the only methods that require a longer waiting period – between three and seven days. So all in all, we are very happy with how the deposit process works on this website, but we’re just getting started and have a lot more work to do. Stay with our easyMarkets review and discover more about this reputable company.

easyMarkets Deposit Methods

easyMarkets Deposit Methods

easyMarkets Review | Bonus

Once you have funded your account, you might want to check for easyMarkets bonuses you can grab. The availability of bonus deals primarily depends on where you’re trading from because traders from EU countries are not eligible to receive them due to current financial regulations over there. However, if you’re not in the Union, you will get an easyMarkets bonus after your first deposit: 30% for deposits between 100 and 200 USD, 50% for deposits between 200 and 1000 USD and 40% if you deposit anywhere between 1000 and 5000 USD. After that, you will also get a bonus on every deposit you make, but this bonus can only go up to 25% per deposit.
You may be interested to know that non-EU traders are also eligible for an easyMarkets no deposit bonus. This way you can get 25$ added to your account, but keep in mind that this money cannot be withdrawn but only used for trading. Only if you can make a 50$ profit with that will you be able to initiate a withdrawal. Since this means that there are no turnover requirements, this is another spectacular deal. Want to know which options you have when it comes to transferring money back to your account? Everything is explained just below.

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easyMarkets Review | Withdrawal

 Apart from depositing, withdrawing money from your broker is also a very important process, maybe even more so than funding your account. That’s why we also tested easyMarkets withdrawal in all its forms, and here’s what we learned. Once again, we have some really good news because this procedure is almost exactly the same as the deposit.
Pretty much all payment methods we mentioned earlier in this easyMarkets review can be used here, as well. There are no withdrawal fees, and the processing time is the same as before. But none of those features are the biggest plus of this process if you ask us. The fact that the minimum easyMarkets withdrawal requirement is not set for credit cards AND e-wallets is simply brilliant, and the minimum withdrawal of only 50 USD for withdrawals to your bank account is also excellent. This is way lower than the industry’s average and provides you with almost unprecedented financial flexibility. Like we said, there are no fees for these transactions, so you can pretty much do whatever you want. Of course, you will need to verify your identity before you can withdraw, but this is all perfectly safe and pretty standard in the industry. You do need to be careful about one thing, however – if you used a card to deposit, the funds can only be returned to that same card. This is another standard measure to prevent money laundering, but we thought we have to mention it. Now that all monetary issues have been dealt with, we can switch the focus of our easyMarkets review to the trading itself. There’s plenty more interesting information coming your way, so stick around!

easyMarkets Withdrawal Methods

easyMarkets Withdrawal Methods

easyMarkets Review | Trading platforms

When it comes to easyMarkets trading platforms, you have two very good options to choose between. This paragraph will therefore be dedicated to everything they have to offer. Let’s take a look at what you get with them, shall we?
First up is the easyMarkets MT4 platform. If you know anything about online trading, you will immediately recognize that abbreviation – yes, this platform is based on MetaTrader 4, the most popular trading platform in the world. Through it, this broker offers more than 150 different markets to trade on with fixed spreads. These choices also include CFDs, of course. It also has a so called MultiTerminal from which you can manage multiple accounts, but what is probably even more important to say is the fact that you have free guaranteed stops and even protection from negative account balance. easyMarkets leverage if you choose this platform will go up to 1:400, which is pretty big compared to a lot of other brokers.
The other easyMarkets platform you can choose is called just that – easy Markets platform. Notable differences in comparison to the previous platform include features like more than 300 available markets, one click trading and a demo account that can last you indefinitely. However, the biggest difference you get here is the deal cancellation option. With it, you can choose before you invest whether your trade will be risk free for the first 60 minutes. During that time you can cancel your trade by paying a very small fee, while the rest of your money will be returned to your account. This way, if you see that the market is not going your way, you can save your investment and try again with minimum losses. The leverage stays the same, but in this case you don’t have to download anything, which is certainly something to consider. However, if downloads are not a problem for you, you’ll love the next part of this easyMarkets review.

easyMarkets Trading Platforms

easyMarkets Trading Platforms

easyMarkets Review | Mobile app

easyMarkets mobile app is definitely something worth mentioning in this article. This relatively new product offers a variety of very interesting features and is available on both Android and iOS devices (i.e. on Google Play and the App Store). Naturally, both versions are completely free to download, but you may also notice that the feedback from people who have downloaded them is overwhelmingly positive. Here’s why.

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The design of this app is perfectly adjusted to the device in your hand, so you can easily find the asset you want, check the calendar for important economic events or even make a deposit or withdrawal. However, easyMarkets mobile app also allows you to get price alerts or even use its Inside Viewer to see what the market thinks about a particular asset. This can be a great help if you’re on the fence about making an investment. Of course, you also have access to loads of graphs and indicators to further deepen your analysis.
But the thing that really makes this app stand out from all the rest on the market is the easyMarkets deal cancellation option. It works just like on the desktop platform, so here too you have the option of closing your trade without any significant losses. However, there are more features just like that to examine, so don’t go away from our easy Markets review.

easyMarkets Mobile App

easyMarkets Mobile App

easyMarkets Review | Spreads

Whenever you’re trading forex, spreads will always have a big impact on the trades you choose to open, so let’s take a look at the situation with them on this website. It’s pretty interesting to see how the broker has envisioned this because there is quite a lot of intriguing details to analyze.
First, easyMarkets spreads are fixed, carry no commission or fees and have no slippage attached to them. You can also get a guaranteed stop loss feature without any additional costs and 100% of your margin can be used when you’re trading. These are the basic characteristics of the service you get here, but let’s take a look at the actual numbers.
To get a sense of the value you get trading here, you have to compare easyMarkets spreads to what other companies in this industry can offer you. We would argue here that these spreads are very tight and provide excellent value for your money. The broker has everything listed out on its website, so you can research everything right down to the tiniest detail. However, just to give you an idea, we will tell you that the lowest spread we found was 0.00018 for the EUR/USD pair. Of course, although the spreads are fixed, they are not the same for every asset (especially if you’re comparing forex, metals, commodities etc), which is something you definitely want to keep in mind. With this important topic out of the way, we can take a look at other results this easyMarkets review has yielded. Read on!

easyMarkets Spreads

easyMarkets Spreads

easyMarkets Review | Demo account

We already mentioned that you can get a demo account here, so let’s elaborate a bit on that. Like we said, with easyMarkets platform you will get a demo account which is not restricted by time, so you can use it whenever and however you want. You will get virtual money to go along with it, plus the broker even offers training sessions to help you adjust as quickly as possible. Naturally, this easyMarkets demo account also allows you to use all the tools that are available on the live platform. That way, your trading experience here mimics the real deal right down to the slightest detail.
However, you can also open your easyMarkets MT4 demo account. There are detailed instructions on the broker’s website on how to do this, but it all boils down to choosing the easy-forex demo server when filling out your personal details. You will get a username and a password automatically, and with them you can proceed to test this excellent platform. Pretty much everything we said earlier works here, too – you get a certain amount of virtual funds, access to the platform’s features and a completely risk-free trading environment. So make your choice depending on what kind of trading you want to practice. A minute of your time you spend setting this up can help you a lot because you can test out countless trading strategies and plans this way and improve your skills. But when it comes to improving your skills, you can do that with expert help, too. How? The answer is in the next part of our easyMarkets review.

easyMarkets Demo Account

easyMarkets Demo Account

easyMarkets Review | Education

If you’re a new trader, you will definitely want a place where you can learn all about the market. Heck, even experienced traders need to go over things every now and again. This can all be done in easy Markets Learn Centre, so let’s take a look at what is offered here. There are several educational videos you can watch to learn the basics of trading forex and using the broker’s platform. Everything that is not covered there is covered in one of numerous articles the company’s team has written for you, which means that even if you’re a complete beginner you will soon have a pretty good idea how to trade and where to invest. A very detailed FAQ section concerning CFDs, options and the way the company conducts its business is also there, so you can really easily find out everything you want to know about trading on this website.

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But there are more advanced easyMarkets education materials, too. For example, you can learn everything you need to know about the most important US economic indicators. This helps you interpret information you get from the market and predict movements more easily because the number of indicators that are discussed is really impressive. Finally, you can follow a blog called forex.info which contains articles written by some of this broker’s most prominent staff members. Check it out, it’s really worth it, but now we have to move this easyMarkets review on. Stay tuned!

easyMarkets Education

easyMarkets Education

easyMarkets Review | Contact and support

If you ever need any help or information, do not hesitate to talk to easyMarkets customer support. It will immediately show you how professional this broker is (something we already discussed in Is easyMarkets a scam? article) because this is a team of very competent and professional individuals who know everything about this website and trading in general and can help you with whatever you need. You can always expect quick answers from them, and their working hours are usually from Monday to Friday between 5 am and 7 pm GMT. However, if you need something urgently, you can contact the Dealing Room around the clock.
From all of this, you can see that easyMarkets contact methods are quite versatile, but we still haven’t covered them all. In the bottom right corner of your screen you can open the live chat, a form for contact via e-mail or a window where you can order a call back or find the numbers you can call yourself. Additionally, easyMarkets has four offices across the world, with their headquarters being located in Cyprus, in the city of Limassol. Their branch office is in Warsaw, Poland, but they also have an office in Sydney, Australia which primarily deals with traders from the Asia-Pacific region. Finally, there is also an office in Marshall Islands dedicated to international traders, and each of these locations can be contacted separately by phone or e-mail. Their addresses are also shown, so you can even drop by if you’re close. That covers pretty much everything we wanted to say in this easyMarkets review, but stay with us just a little bit more for a quick recap.

easyMarkets Contact

easyMarkets Contact

easyMarkets Review | Conclusion

So there you have it, that was our easy Markets review. We hope you now realize why this company has been around for more than decade and a half and why they are considered to be among the absolute best in this industry. Setting everything up with them is extremely easy, plus you have a lot of money transfer methods, some of which are quite rare. There are also no additional fees, plus everything is processed extremely quickly. When it comes to trading, you have two world-class platforms at your disposal, plus an excellent app that is free to download. The deal cancellation option here is unique to this broker and gives you a buffer zone of one hour to see how your trade is likely to go. Remember that you can always use the free demo accounts if you feel like you need some practice, and this feature can also be an excellent learning tool. Fully regulated and with reliable support, this broker also provides a perfectly safe trading environment to all its clients. So don’t waste any more time – if you want to join the online trading community, this is the best way to do so. Open an account with easyMarkets and start your trading career now!

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Author's overall rating:
Author: Ben Prescott
Updated:

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