Overview of easyMarkets

easyMarkets is a Cyprus-registered forex broker that is regulated by CYSEC and ASIC. With 15-20 years of establishment, easyMarkets offers a wide range of trading instruments including forex, global indices, energies, metals, and cryptocurrencies. The company provides a user-friendly trading platform, educational resources, and flexible account options to cater to the needs of both beginners and experienced traders. They offer customer support in English, and their headquarters are located in Sydney, Australia.

Regulatory Authority

easyMarkets holds licenses from several regulatory authorities, ensuring a secure and compliant trading environment for its clients. These licenses include:

1. ASIC Regulated Market Making (MM): easyMarkets is regulated by the Australian Securities and Investments Commission (ASIC) as a Market Maker (MM). This regulatory oversight ensures that the company adheres to stringent financial and operational standards while providing financial services to traders.

CYSEC Regulated Market Making (MM): Additionally, easyMarkets operates under the regulatory framework of the Cyprus Securities and Exchange Commission (CYSEC) as a Market Maker (MM). CYSEC regulation enforces transparency and fair practices in the forex market.

FSA Offshore Regulatory Retail Forex License: easyMarkets holds a license from an offshore regulatory authority, the Financial Services Authority (FSA), which authorizes the provision of retail forex services. This further underscores their commitment to regulatory compliance and trader protection.

FSC Offshore Regulatory Retail Forex License: Another offshore regulatory license in easyMarkets' portfolio is from the Financial Services Commission (FSC). This license allows easyMarkets to offer retail forex services within the framework of offshore regulations.

These licenses collectively demonstrate easyMarkets' dedication to operating within the boundaries of robust regulatory oversight, providing traders with confidence in the safety and integrity of their trading activities.

Pros and Cons

What type of broker is easyMarkets？

easyMarkets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, easyMarkets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that easyMarkets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with easyMarkets or any other MM broker.

Market Instruments

easyMarkets offers a wide range of trading instruments, including forex instruments, global indices, energies, metals, and cryptocurrencies like Bitcoin, Ripple, and Ethereum. This extensive selection allows traders, whether beginners or experienced, to access diverse markets and find opportunities that suit their trading preferences. The advantages include the ability to diversify portfolios, explore popular and emerging markets, and implement flexible trading strategies. However, it's important to note the potential disadvantages, such as market volatility, the need for complex market analysis, regulatory restrictions, increased complexity due to multiple markets, and the requirement for adequate market knowledge. Traders should also be mindful of price fluctuations and the need for efficient execution speed while trading multiple instruments.

Spreads and Commissions

When it comes to spreads, commissions, and other costs, easyMarkets stands out by offering no commissions on all accounts. This simplified cost structure allows traders to focus on their trading strategies without the worry of additional charges. However, one disadvantage is the lack of transparency regarding the specific spreads and SWAP rates, as this information is not detailed on the company's website. While easyMarkets aims to provide competitive pricing, traders may experience potential higher spreads compared to other brokers who provide more visibility on these costs. Additionally, the limited information on additional trading costs may make it challenging for traders to fully assess the overall cost implications of their trades. Nonetheless, the absence of commissions and hidden charges, along with the ease of cost calculation, can be considered advantages for those seeking a straightforward and transparent pricing structure.

Trading Accounts

easyMarkets offers a range of account types to cater to the diverse needs of traders. The availability of a demo account is a significant advantage, as it allows traders to practice and familiarize themselves with the financial markets without risking real money. This feature is especially beneficial for beginners who want to gain experience and test their trading strategies before transitioning to live trading. In addition to the demo account, easyMarkets offers three live account options: Standard, Premium, and VIP. While the Standard account requires a minimum deposit of 200 AUD, it should be noted that the premium and VIP accounts have higher initial deposit requirements of 3000 AUD and 10,000 AUD, respectively. However, one disadvantage is the limited information provided on the specific features and benefits of each account type. Traders may find it helpful to have more detailed insights into the advantages and differences between the account options to make an informed decision based on their trading goals and preferences. Nonetheless, the flexibility of having multiple account choices is advantageous, allowing traders to select the account that aligns best with their individual trading needs.

Trading platform

easyMarkets offers traders a variety of platform options to cater to their trading needs. The easyMarkets web platform, mobile app, and easyMarkets MT4 trading software provide flexibility and convenience. The platforms are user-friendly and packed with features, suitable for both new and experienced traders. Traders can benefit from features like free guaranteed stop loss, fixed spreads, and real-time market dynamics and pricing.

The easyMarkets MT4 platform supports over 80 markets, including currencies, metals, commodities, indices, and cryptocurrencies, offering one-click CFD trading and customizable trading templates. The platforms are accessible on multiple devices, including iPhone, iPad, Android phones, tablets, and PCs, ensuring traders can stay connected and trade from anywhere. While specific information about platform features may be limited, the overall advantages of easyMarkets' platform options make it a convenient and comprehensive choice for traders.

Trading Platform	easyMarkets Platform (Web & App)	TradingView	MT4 & MT5 Platforms
Features	- Tight fixed spreads- Free guaranteed stop loss and take profit- Zero Slippage- No commissions or hidden fees	- Tight fixed spreads- Access to a vast social network for traders- Advanced charting & analytics- No commissions or hidden fees	- Tight fixed spreads on MT4- Variable spreads starting from 0.5 pips on MT5- Expert Advisors allowed- No commissions or hidden fees

Deposit and Withdrawal: methods and fees

easyMarkets provides various payment methods for deposits and withdrawals, including wire transfers, MasterCard, VISA, Maestro, and popular e-wallet processors like Skrill, Neteller, and PayPal. These options offer convenience and flexibility to traders in managing their funds.

However, the broker's website lacks specific information and clarity on the deposit and withdrawal processes, leading to ambiguity. The speed of withdrawing funds from a forex broker is an essential factor that contributes to the broker's reputation. While easyMarkets supports widely accepted payment methods, the lack of transparency regarding processing times and potential fees associated with certain methods raises concerns. Traders should be cautious and seek additional clarification from the broker to ensure a smooth and efficient deposit and withdrawal experience.

Educational resources in easyMarkets

easyMarkets offers a variety of educational resources to enhance traders' knowledge and skills. These resources include webinars, technical and fundamental analysis insights, knowledge articles, and strategies. The availability of webinars provides traders with interactive learning experiences and the opportunity to gain insights from industry experts. The technical and fundamental analysis materials can assist traders in making informed trading decisions. Additionally, the knowledge articles and strategies cover a wide range of topics to cater to different learning styles. However, some drawbacks of easyMarkets' educational resources include the lack of specificity or depth in some materials and the absence of comprehensive educational courses or programs. It's important for traders to consider the relevance and timeliness of the information, as older educational materials may contain outdated content. While the resources provided by easyMarkets offer valuable insights, there may be limited options for personalization or customization to meet individual learning preferences.

Customer service of easyMarkets

easyMarkets provides customer service options to assist traders with their inquiries and concerns. The customer service is available 24/5, allowing traders to reach out for support during trading hours. Multiple contact options are available, including telephone, email, and fax, providing flexibility in communication. The direct phone line for the Dealing Room in Sydney enables direct access to the trading desk for immediate assistance. Additionally, a Sydney-based address is provided, allowing for in-person interactions if needed. However, it should be noted that customer support outside of English may be limited, which may pose challenges for non-English-speaking traders. Response time for inquiries may also vary, potentially resulting in some delays. While easyMarkets has a presence on various social media platforms, the extent of their engagement and support through these channels may be limited. Overall, the customer care dimension of easyMarkets offers convenient and accessible options for traders to seek assistance, with some considerations for language support and response time.

Conclusion

In conclusion, easyMarkets is a reputable forex broker with a strong regulatory framework and a history of 15-20 years in the industry. With its diverse range of trading instruments, including forex, global indices, energies, metals, and cryptocurrencies, traders have access to various markets to suit their trading preferences. The company provides a user-friendly trading platform and offers multiple account options to cater to the needs of different traders. Additionally, easyMarkets offers educational resources, customer support in English, and has a physical presence in Sydney, Australia. While there are certain areas such as transparency around spreads and additional trading costs that could be improved, overall, easyMarkets provides a reliable and accessible trading environment for both novice and experienced traders. With its focus on customer satisfaction, regulatory compliance, and a wide range of trading opportunities, easyMarkets remains a popular choice among traders looking to participate in the global financial markets.

Frequently asked questions about easyMarkets

• Q1: What is the minimum deposit required to open an account with easyMarkets？

• A1: The minimum initial deposit required to open an account with easyMarkets is 200 AUD.

• Q2: What trading platforms are available at easyMarkets？

• A2: easyMarkets offers a range of trading platforms including the easyMarkets web platform, mobile app, and the easyMarkets MT4 trading software.

• Q3: Is easyMarkets regulated？

• A3: Yes, easyMarkets is regulated by CYSEC and ASIC, providing traders with a regulated and secure trading environment.

• Q4: Can I trade cryptocurrencies on easyMarkets？

• A4: Yes, easyMarkets offers the opportunity to trade cryptocurrencies such as Bitcoin, Ripple, and Ethereum, along with other trading instruments like forex, global indices, energies, and metals.

• Q5: What are the customer service hours at easyMarkets？

• A5: The customer service at easyMarkets is available 24/5, allowing traders to reach out for assistance during trading hours.

• Q6: Are there educational resources available for traders？

• A6: Yes, easyMarkets provides a variety of educational resources such as webinars, technical analysis, fundamental analysis, articles, and strategies to support traders in their learning and development.

• Q7: What are the available deposit and withdrawal methods？

• A7: easyMarkets offers various deposit and withdrawal methods including bank wire transfer, local bank credit/debit cards, and e-wallet processors such as Skrill, Neteller, and PayPal.

General Information & Regulation

Charterprime is a global financial and foreign exchange brokerage group established in 2012, headquartered in Sydney, Australia. The company adopts the STP processing system as its business model and is authorized and regulated by the ASIC in Australia, with regulatory license number 421210.

Markets Instruments

Financial instruments can be traded online with Charterprime include forex, precious metals, indices CFDs, and spot commodities.

Charterprime Account Types

Three account types are offered by Charterprime: the Variable account, the ECN account and the Swap-free account. The minimum initial deposit for three account is $100, the reasonable amount for most regular traders to get started.

Charterprime Leverage

CharterPrime as an Australia and New Zealand broker together with its obligations to local regulation still allows high leverage. The maximum trading leverage available by this broker is up to 1:500 for forex instruments and major currency pairs available for retail traders.

Spreads & Commissions

The average spread of the EURUSD for the Floating Spread Account is 2.0, the average spread of the EURGBP 1.9, and the average spread of the AUDUSD is 2.2. The average spread of ECN accounts for the EURUSD is 0.5, the average spread for the EURGBP 0.8, and the average spread for the AUDUSD is 0.7. The average spread of Gold Price in US dollar for Floating Spread Accounts is 3.8, and the average spread for Silver Price in US dollar is 3.4. The average spread of Gold Price in US dollar for ECN accounts is 1.5, and the spread for Silver Price in US dollar is 3.6. See the following swap chart:

Trading Platform

The MT4 trading platform used by Charter has powerful trading functions and analytical capabilities. Apart from Multiple order execution, it enables traders to conduct complete and flexible tradings. At the same time, it also integrates market charts, technical analysis, and order transactions. Three functions are integrated, allowing users to quickly determine trends and determine the best entry and exit time. Besides, the company also provides a multi-account management model, which refers to a practical and convenient way to manage accounts on behalf of clients and manage multiple accounts simultaneously from a single interface. It can quickly execute a large number of customer orders as long as the management account clicks a button, and a large number of transactions can be automatically allocated to their respective customer accounts.

Virtual Private Server (VPS)

VPS, also known as Virtual Private Server, is a stand-alone server that runs 24 hours per day. Traders can log into a VPS with a computer or mobile device, without any pullback issues caused by network failure or any other factor that can affect their trading progress. A VPS is suitable for and mainly used by traders who employ automated strategies which require uninterrupted access to the market 24 hours a day.

Deposit & Withdrawal

Deposit and withdrawal methods support Bitcoin (deposit time taking 1 day, and the withdrawal time taking 3 days, and the minimum withdrawal amount is 100 US dollars), USDT (the stable value currency U.S. dollar (USD) token Tether USD launched by the Ether company, USDTfor short, 1USDT equals 1 U.S. dollar, deposit taking 1 day, withdrawal taking 3 days, deposit and withdrawal fees are both 5%), UnionPay (no charge for deposit and withdrawal, deposit time taking 1 day, withdrawal taking 3 days , the minimum amount of gold withdrawal is US$100), wire transfer (the deposit and withdrawal taking 3-5 days, the withdrawal fee is 40 US dollars, and the minimum amount of withdrawal is 100 US dollars), Skrill (deposit taking 1 day, the withdrawal taking 3 Day, no deposit fee, withdrawal fee is 1%, the minimum amount for withdrawal is 100 USD), Neteller (Deposit time taking 1 day, withdrawal taking 3 days, no deposit fee, withdrawal fee is 2%, the maximum is 30 USD , The minimum withdrawal amount is US$100), and Local Gateway (currently supported currencies are Thailand, Indonesia, the Philippines and Vietnam, deposit taking 1 day, withdrawal time taking 3 days, no deposit and withdrawal fees, and the minimum withdrawal amount is 100 US dollars).

Educational & Research Tools

There are no other educational resources provided by the broker apart from a baic glossary, FAQ, user and installation guiders fro the MT4 trading platform.

Additional research tools offered by CharterPrime consist of market news, updates and an economic calendar of featured events and data releases.

Customer Support

CharterPrime Customer Support team can be contacted within working hours through Live Chat, email or contact form.

Here are some contact details:

Telephone: +852 8175 6090

Email: enquiry@charterprime.com

Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, Instagram and Linkedin.

Pros & Cons

Frequently Asked Questions

Is Charterprime regulated？

Charterprime is authorized and regulated by the ASIC in Asutralia under regulatory license number 421210.

Does Charterprime offer a demo account？

Yes, demo accounts are available with Charterprime.

What trading platform does CharterPrime provide？

CharterPrime makes the popular trading platform MT4 available.

What are CharterPrime's customer service hours？

The CharterPrime customer service team is available 24/5 from Monday to Friday.

Can I change my leverage with Charterprime？

Yes, leverage can be changed by contacting the Charterprime customer support team.