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EasyMarkets Review
When EasyMarkets was founded in 2001, its mission was to transform trading from an activity reserved for wealthy individuals or institutions into a market that anyone could access, with initial deposits starting at $25 and funding available online via credit card – rather than a lengthy bank transfer.
easyMarkets provides traders with a specialised online platform that enables them to trade from anywhere using any internet-enabled device and internet connection. There are also a number of built-in analytical tools, as well as access to over 200 trading instruments and features like dealCancellation, Freeze Rate, and Free Guaranteed Stop Loss and Take Profit.
At easyMarkets, all client money is kept separate from business funds and is maintained safe and secure in top-tier, low-credit-risk worldwide institutions. easyMarkets also claims to have enough liquid capital to cover all client deposits, future currency changes, and overdue expenditures..
easyMarkets is regulated by both ASIC and CySEC, and offers clients negative balance protection with their funds held in segregated accounts.
Pros
- Segregates client funds
- Established in 2003
- Regulated by CySEC and ASIC
- Min. deposit from $1
Cons
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $1 is required to establish a live account. EasyMarkets, on the other hand, provides a demo account that you may use to experiment and become acquainted with their platform.
CySEC (Licence: 079/07) regulated, EasyMarkets keeps all customer funds in a separate bank account and works with tier-1 institutions to do so. EasyMarkets has been in business since 2003, with headquarters in Cyprus and Australia.
Before we get into the specifics of EasyMarkets’ spreads, fees, platforms, and trading features, you may want to open EasyMarkets’ website in a new tab by clicking the button below to get the most up-to-date information directly from EasyMarkets.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are EasyMarkets’s spreads & fees?
EasyMarkets, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an asset.
The commissions and spreads shown here are based on the EasyMarkets website’s minimum spreads.
| Forex | EasyMarkets | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 0.7 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 1.3 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 1 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1.2 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 1.5 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 2 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 2.3 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1.5 pips | 0.5 pips | 0.1 pips |
As you can see, EasyMarkets’s minimum spread for trading EUR/USD is 0.7 pips – which matches the average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with EasyMarkets vs. similar brokers.
How much does EasyMarkets charge to trade 1 lot of EUR/USD?
If you bought one standard lot of EUR/USD (100,000 units) with EasyMarkets at an exchange rate of 1.1719 and sold it the next day at the same rate, you would most likely pay $22.34. Here is a general breakdown of the fees and how they compare to IG and XTB.
| EasyMarkets | IG | XTB | |
| Spread from: | $ 7.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 7.00 | $ 6.00 | $ 2.00 |
| $1 less | $5 less | ||
| VISIT EasyMarkets | VISIT IG | VISIT XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with EasyMarkets?
EasyMarkets offers over 191 different instruments to trade, including over 135 currency pairs. We’ve summarised all of the different types of instruments offered by EasyMarkets below, along with the instruments offered by IG and XTB for comparison.
| FX / Currencies | EasyMarkets | IG | XTB |
| # of forex pairs offered | 135 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | Yes | Yes | Yes |
| Commodity CFDs | EasyMarkets | IG | XTB |
| # of commodities offered | 0 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | EasyMarkets | IG | XTB |
| # of stocks offered | 0 | 8000 | 1606 |
| UK shares | No | Yes | Yes |
| US shares | No | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | Yes | Yes | Yes |
| SEE EASYMARKETS’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the EasyMarkets trading experience like?
1) Platforms and apps
EasyMarkets provides the well-known MT4 forex trading platform. See our MT4 broker comparison for a list of the best MT4 brokers. They also provide their own EasyMarkets platform.
They now provide mobile apps for Android and iOS, making it easy to monitor and execute transactions while on the go.
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
With EasyMarkets, the minimum and maximum trade requirements vary depending on the trader and the instrument.
EasyMarkets may have lower entrance criteria as a market maker than an ECN broker, which benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
EasyMarkets is one of the few brokers who promise to have no requotes, so you won’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
EasyMarkets also provides a variety of risk management tools, including as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You may view all of EasyMarkets’ account features here.
Finally, we’ve listed some of the popular funding methods that EasyMarkets offers its traders below.
Trading Features:
- Allows scalping
- Allows hedging
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
Accounts offered:
- Demo account
- Micro account
- Mini account
- Standard account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
- Payoneer
- Neteller
3) Client support
EasyMarkets supports a wide range of languages including English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew.
4) What you’ll need to open an account with EasyMarkets
Because EasyMarkets is regulated by CySEC and ASIC, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you might be able to explore their platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with EasyMarkets you can visit their website here.
79% of retail investor accounts lose money when trading CFDs with this provider.
