The broker also features dealCancellation, a type of insurance that allows traders to pay a flat fee to protect a specific position. Should the trade start incurring a significant loss, the trader can terminate the position at no extra cost. Some regulators mandate compliance with the strictest financial frameworks, while others are less rigid.
Account Types and Terms
It is available on both MetaTrader 4 and MetaTrader 5 as well as on the web-based proprietary platform of the brokerage. Demo accounts are equipped with all the useful features incorporated into the live version, including guaranteed stop-loss, dealCancelation, easyTrade, and Frozen Rate. You can trade all available markets and financial instruments like shares, forex, cryptocurrencies, indices, and commodities.
easyMarkets vs Other Brokers
This commitment to transparency builds trust and enhances the overall trading experience. The broker offers a comprehensive range of educational resources, including webinars, video tutorials, and articles. These materials cater to traders at various experience levels, providing valuable insights and skills to enhance their trading proficiency. One of EasyMarkets’ standout features is its commitment to risk management. The broker provides tools like “dealCancellation,” allowing traders to undo losing trades within a specific time frame for a fee. This unique feature empowers traders by adding an extra easymarkets broker layer of control over their positions and risk exposure.
What is the minimum deposit for easyMarkets?
The broker is known for its fixed spreads, providing transparency and predictability in terms of trading costs. 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. EasyMarkets also offers unique features such as the Freeze Rate to pause market prices for about 2-3 seconds to perform trades.
Is easyMarkets suitable for automated trading?
Nikos Antoniades had previous professional experiences for Ernst & Young, Limassol and V.Ships Ltd. If you’re looking for one of these features, you might be wanting to look for easyMarkets alternatives. Compare easyMarkets with any other broker by selecting the other broker below. I also found the downloadable e-books and financial glossary helpful for beginners. The gamification features, such as badges and certificates, add an engaging touch.
All major currency pairs can be traded here, including EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, and USD/JPY. Other popular Forex pairs include the world’s most powerful currencies, including the U.S. dollar (USD), the Euro (EUR), the British pound (GBP), the Japanese yen (JPY), and the Swiss franc, of course (CHF). The highest tier offers a Super VIP account, which has the same benefits as the VIP account but requires a £10,000 minimum deposit.
Are easyMarkets’ Fees Competitive?
However, like all mobile trading apps, it faces the inherent challenge of limited price action visibility on smaller screens. This mode operates similarly to a binary option, allowing traders to limit potential losses, set the trade duration in advance, and speculate on market direction. EasyMarkets operates five entities globally under the Blue Capital Markets umbrella. The broker complies with key safety standards, including segregating client funds and offering negative balance protection.
- Such measures guarantee the security of clients’ investments and significantly reduce the risk of losses beyond their initial investment.
- The Web Platform might be the best choice if these features are crucial to your trading strategy.
- Founded in 2013, Tradingpedia aims at providing its readers accurate and actual financial news coverage.
For starters, they must have a financial portfolio whose value exceeds half a million euros. The second condition is to have carried out at least ten high-volume transactions per quarter over the course of the past four quarters prior to application. EasyMarkets gives you the flexibility to trade on the fly via two highly intuitive apps, available for free download on Google Play and Apple’s App Store.
- In fact, easyMarkets now offers its clients plenty of ways to trade, including CFDs, options, forwards, and the new and innovative trading product easyTrade.
- Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles.
- These educational resources are best for beginners to understand the basics of trading.
- Traders seeking an Islamic account must contact easyMarkets customer support and request the service from there.
- The dealCancellation feature works to the advantage of beginners prone to making trading mistakes.
The available withdrawal methods are credit or debit cards, wire transfers, and eWallet. Client accounts that have not had transactions for twelve consecutive months are considered dormant. Dormant accounts incur an inactivity fee of $25 or the entire free balance if it is less than $25. EasyMarkets charges this fee every six months until trading activity resumes or the account balance reaches zero. I reviewed Easy Forex Trading Ltd’s legal documents and found everything to be in order. Additionally, the broker has issued a ‘best execution policy,’ legally mandating them to provide optimal price quotes under current market conditions.
In fact, easyMarkets now offers its clients plenty of ways to trade, including CFDs, options, forwards, and the new and innovative trading product easyTrade. I really appreciate that the demo account has no time limit, unlike most brokers we’ve tested, which restrict access to 30 days. The website is quite secure as it used SSL-encryption to protect client data. There are also thorough Know Your Customer (KYC) checks applied to all clients who sign up for a live trading account.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. EasyMarkets complies with all regulatory provisions to secure its client’s funds and Investments.
There are pricing differences between the two versions on easyMarkets however – the MT5 account features variable spread pricing but you can access fixed spread pricing with the MT4 account. They will cover the fees of deposit and withdrawal but except your bank has an extra charge. Like other brokers in South Africa easyMarkets also offer a demo account to all customers. Our trusted forex broker provides a comprehensive broker review for your investment.
EasyMarkets offers some excellent educational resources for beginners, though they could be more extensive. The articles are well-written and cater to many traders, from beginners learning the basics to more advanced market updates. TradingView and MetaTrader are more feature-packed but are better suited to more experienced traders. For those who prefer the classic MetaTrader experience, MT4 (introduced in 2010) and MT5 (introduced in 2018) are available in web and mobile versions. I’ve used both mobile apps to check positions and execute trades quickly on the go. It’s incredibly user-friendly, with a clean interface and essential tools like technical indicators (powered by TradingView), market news, charts, and financial calendars.