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easyMarkets

Cyprus|Above 20 years| Benchmark D|
Market Making(MM)|MT4 Full License|Global Business|Medium potential risk|Offshore Regulated|

https://www.easymarkets.com.au/

Website

Rating Index

Benchmark

Benchmark

D

Average transaction speed (ms)

461.9

MT4/5

Full License

EasyForex-Demo

Israel
MT4
2

Influence

A

Influence index NO.1

Poland 7.67

Benchmark

Speed:A

Slippage:D

Cost:A

Disconnected:B

Rollover:A

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
EasyForex-Demo MT4
Server Location Israel

Influence

Influence

A

Influence index NO.1

Poland 7.67

Surpassed 31.65% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@easymarkets.com
https://www.easymarkets.com.au/
Trinity Chambers, Road Town, Tortola, PO Box 4301, British Virgin Islands
https://www.facebook.com/easyMarkets/?fref=ts

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

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Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
easyMarkets
Tradovate
LIVECRYPTOFOREX

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
easyMarkets

Broker Information

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Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-04-25
  • The The Virgin Islands FSC regulation with license number: SIBA/L/20/1135 is an offshore regulation. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD056 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

easyMarkets · Benchmark
Average transaction speed(ms)
461.9
The highest transaction speed(ms)
243
The highest speed of opening positions(ms)
243
The highest speed of closing position(ms)
243
The lowest speed of opening positions(ms)
1328 Good
The lowest speed of closing position(ms)
1140 Good
Ranking: 118 / 133
Test user 126
Orders 2,127
Ocuppied margin $212,173 USD
Data Source WikiFX Data provide
Updated: 2024-04-24 01:04:SS

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easyMarkets · Company Summary

Registered in Cyprus
Regulated by CYSEC, ASIC
Year(s) of establishment 15-20 years
Trading instruments Forex instruments, global indices, energies, metals and cryptocurrencies including Bitcoin, Ripple and Ethereum.
Minimum Initial Deposit 200 AUD
Maximum Leverage N/A
Minimum spread 0.0 pips onwards
Trading platform MT4, WebTrader, Mobile App
Deposit and withdrawal method Bank Wire Transfer, Local Bank Credit/Debit Cards, NetellerSkrill, and more.
Customer Service Email/ phone number/ address
Fraud Complaints Exposure Yes

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.

Overview of easyMarkets

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.

Regulatory Authority

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.

Regulatory Authority

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.

Regulatory Authority

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.

Regulatory Authority

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

Pros Cons
- Regulated by CYSEC and ASIC - Acts as intermediary (Market Maker)
- Offshore regulatory licenses - Potential conflict of interest
- Diverse trading instruments - Lack of transparency on spreads
- Flexibility in account choices - Potential higher spreads
- User-friendly trading platforms - Limited info on additional costs
- Free guaranteed stop loss, fixed spreads - Limited account feature details
- Educational resources and webinars - Some outdated educational content
- Multiple contact options for support - Limited non-English support

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.

Market 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 Accounts

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
Trading platform
easyMarkets Platform (Web & App)
Trading platform
TradingView
Trading platform
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.

Educational resources in easyMarkets

Customer service of easyMarkets

Advantages Disadvantages
24/5 service availability Limited language support outside of English
Multiple contact options (phone, email, fax) Potential delays in response time
Direct phone line for the Dealing Room in Sydney Limited social media presence
Convenient Sydney-based address for in-person interactions Lack of specific customer support for non-Sydney locations

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.

Customer service of easyMarkets

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.

News

Review of EasyMarkets: Is it worth it?

NewsReview of EasyMarkets: Is it worth it?

2023-09-20 19:08

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.

WikiFX
2023-09-20 19:08
News
Review of EasyMarkets: Is it worth it?
easyMarkets | Trading like Champion - 2023 Demo Trading Contest Interview Series

NewseasyMarkets | Trading like Champion - 2023 Demo Trading Contest Interview Series

2023-03-17 18:30

Since the start of season 2020, easyMarkets has officially partnered with La Liga Champion Real Madrid C.F. for three years in a row. As the leaders in their respective fields, easyMarkets and Real Madrid C.F. share the same values – trading like Champion. In 2023, easyMarkets becomes the standard sponsor of WikiTrade Demo Trading Contest, witnessing the Champion in global trading market together with WikiFX.

WikiFX
2023-03-17 18:30
News
easyMarkets | Trading like Champion - 2023 Demo Trading Contest Interview Series
CySEC Takes Action Against Ayers Alliance, BCS (Cyprus) for Non-Compliance

NewsCySEC Takes Action Against Ayers Alliance, BCS (Cyprus) for Non-Compliance

2022-04-20 11:51

CySEC, the Cypriot financial market regulator, maintains its war on noncompliance, announcing enforcement action against two more regulated entities on Tuesday, Ayers Alliance Financial Group Limited and BrokerCreditService (Cyprus) Limited.

WikiFX
2022-04-20 11:51
News
CySEC Takes Action Against Ayers Alliance, BCS (Cyprus) for Non-Compliance
easyMarkets Launches a New easyTrade Feature - ‘Payout Target’

NewseasyMarkets Launches a New easyTrade Feature - ‘Payout Target’

2021-11-12 11:38

easyMarkets is delighted to announce the launch of a brand new easyTrade feature – Payout Target.

WikiFX
2021-11-12 11:38
News
easyMarkets Launches a New easyTrade Feature - ‘Payout Target’

User Reviews

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tayyab5718
6-12months
EasyMarkets Trading offers a wide variety of trading instruments, including forex, stocks, and commodities, which is great for those who like to diversify their portfolio. Their trading conditions, such as low spreads and high leverage, are also competitive compared to other brokers.The trading terms and conditions offered were exceptionally advantageous, and their customer service is readily available to assist whenever required.
2023-06-17 14:12
Reply
0
0
Lv不是Lv
more than one year
easyMarkets is a good broker, user friendly. Very nice and simple for newbies. I’m so happy to trade with these guys.
2023-02-14 10:04
Reply
0
0
FX1167728731
more than one year
Trading conditions were extremely favorable, and their customer support always assist when you need any help. They are patience in dealing with their customers. I gave five stars for their dedicated customer service.
2022-12-19 13:51
Reply
0
1
满天星14428
more than one year
A friend of mine recommended Yixin to me, saying that he has been trading for more than a year. But I read someone on wikifx saying it's a scam...should I take his advice or find a new platform? so tangled
2022-12-15 11:15
Reply
1
1
不穿虾皮的皮皮虾大王
more than one year
Strange, this company seems to be really reliable, the regulatory license is very good, and the score of wikifx is also very high. But I found someone said he was a scam? Although there are only three, I still have to be vigilant. I plan to read more about what people think of him online.
2022-12-14 17:02
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0
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