Our Review of Easy Markets
EasyMarkets have been in business for more than 10 years, having previously been known as 'Easy Forex'. The company is engaged in forex trading in nearly 150 countries. Easy Markets provide convenient products and customer service for all its forex customers. The company provides trading platforms for both forex and commodities from desktop, mobile and tablets. The company is at the forefront of technological innovations, and also brings the latest innovations in forex trading to its customers. The company offers personalized forex training, customer support specialists, reward programs and institutional partnership programs.
Products and Accounts
Easy-Markets focus on products such as metals, energy commodities, agricultural commodities, indices and options, in addition to currency trading. You can open an account in few minutes, and start trading currencies. You can open an account online by providing your personal details and selecting a user login. Experienced customer support personnel are available to help you with the account opening process, and to help with your first trade. You can perform day trading as well as forward deals from your trading account. Easy Markets offer all major currency pairs for trading in your account.
EasyMarkets provides 4 types of accounts with varying margin requirements and spreads. Easy-Markets also providescustomized accounts for regular traders. An account manager is available to help customers decide the best account type. Easy Markets also offer Islamic trading accounts with no rolling fees, and the ability to extend day trading deals to the following day.
Commissions and Spreads
Easy Markets offer the lowest possible 0 pip or 1 pip spreads to its customers. EasyMarkets offers fixed spreads, regardless of the market conditions. Easy-Forex charges only fixed spreads and rolling fees. There are no other commissions or deposit fees. The company does not have any margin requirements on any of the trading platforms.
Easy Markets offers several trading platforms. The Web trading platform allows customers to trade from any computer anywhere in the world. The MT4 platform provides extensive support for technical traders. The platform offers charts, indicators and various other analytical tools. The TradeDesk platform offers a personalized trading environment, which allows the customer to create customized trade layouts. They also offers a trading app on the most popular smartphones, including iPhones. The app features access to charts, currency rates, financial calendar, orders, trades, statements and more.
Deposits and Withdrawals
Easy-Markets allows the customer to login to its website, and deposit money using a credit card or wire transfers. They accept the deposits in up to 12 different currencies. You need to provide the details of the source bank account or credit card, before starting the deposit process. To ensure safety and protection, Easy-Markets requires customers to provide identification documents such as copy of passport or ID card. Additionally, Easy Markets requires proof of residence and copy of credit card.
You can withdraw money by logging into your account and navigating to the Trade section. You will need to provide the required documentation to withdraw funds. The funds are typically delivered to the credit card or bank account provided by the customer during the account opening process.
The company offers personal trading service with the help of dedicated account managers. You can seek the help of account managers for one-on-one personal training. Their managers provide professional market insights to all their customers.
Easy Markets is licensed for trading in Australia, and is authorized by the Australian Investments and Securities Commission. The Cyprus Securities and Exchange Commission also authorized the services of Easy-Markets in Cyprus. The company has offices worldwide, and the company adheres to local rules and regulations in all its trading centers around the world. Forex trading is regulated by regional government agencies, and Easy-Markets complies with all the local rules and regulations.
Easy Markets offers leverage ratios of 1:50, 1:100 and 1:200 on various currency trading accounts. The leverage ratio depends on the account type and local regulations.
EasyMarkets currently offers two promotions, the Turn Your Insights and Win and Wind Again programs. The Turn Your Insights bonus program allows customers to open a new account, and get a 20 percent bonus on initial deposits up to $2,000. The Win and Win Again program allows you to trade up to $200, and Easy-Markets doubles your winnings. If you lose, Easy-Markets covers your losses.
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