easyMarkets Review: What Are the Award-Winning Brokers Weaknesses?

These are completely free and you can even download them now from their website. They cover everything from beginning trading principles to how to use the trading platforms. It’s always great when a broker easymarkets review provides additional educational resources to their traders. Indeed, we all know about the analogy of «teaching people how to fish».

Opening an account with easyMarkets

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. 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. While features like webinars or podcasts are missing, the research tools available are helpful, especially for formulating trade ideas. If you’re an advanced trader who relies on automated systems and professional account management, the lack of VPS hosting and MAM/PAMM account management might be a limiting factor. It’s incredibly user-friendly, with a clean interface and essential tools like technical indicators (powered by TradingView), market news, charts, and financial calendars.

What are the easyMarkets market analysis tools?

As part of their continued commitment to clients, easyMarkets strives to remain a transparent, trusted and regulated online broker. They maintain sufficient liquid capital to cover all client deposits, any potential fluctuations in the company’s currency positions and other expenses. Having these regulations and policies in place, helps to ensure clients that funds and transactions are secured and protected. The highest tier offers a Super VIP account, which has the same benefits as the VIP account but requires a £10,000 minimum deposit.

This means that they have control over their clients risk and can ensure that their accounts don’t enter negative balance territory. As mentioned above, another benefit of easyMarkets is that they have negative balance protection. With negative balance protection, easyMarkets is able to ensure that a traders account will never go into negative equity. Trading forwards is done on the easy markets web platform and it allows you to select a forward date up to thirty days ahead. For those of you who like to trade slightly more exotic instruments, easyMarkets has their own entire vanilla option offering.

• At easyMarkets you can find over 60 Forex pairs and 275 CFD assets, including shares, cryptocurrencies, metals, commodities, indices, vanilla options and forwards.
• However, if a market order is not fulfilled, no commission fee is usually charged.
• This is the fifth decimal place which is fraction (1/10th of a pip).This can rise to 1.1 pips during the trading sessions as you have observed but interpreted incorrectly.
• For example, the VIP account offers the tightest spreads, starting from 0.7 pips for EUR/USD, while Standard accounts have spreads starting from 1.7 pips for the same pair.
• The account holders of the easyMarkets VIP account gain access to specialized features, innovative trading conditions, tighter fixed spreads and a full suite of real-time technical analysis tools.
• It is intuitive to use and carries over many of the tools that you can access when trading from a computer.

Live webinars

• The inside viewer is a sentiment tool that will show what percentage of other easyMarkets are buying or selling a particular trading instrument.
• Not only does it have time on its side but it is also well regulated by two well known agencies and have strong risk management processes in place (both trader side and internally).
• EasyMarkets are regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and in the Asian Pacific Region by the Australian Securities and Investment Commission (ASIC).
• EasyMarkets offers a seamless and cost-effective process for depositing and withdrawing funds, making account management easy for traders.
• EasyMarkets traders can navigate the platform and find the information they need to make informed trading decisions.
• Not only can you trade standard FX instruments but you can also trade Forwards and options.
• 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.

You even get direct access to market analysis who will talk you through the latest technical and macroeconomic analysis. There are a number of account types to choose from depending on your level of experience as a trader and your initial deposit. There is a demo account for beginner traders who are just getting started and want to familiarise themselves with the nuances of trading. You can also use the demo account to test new strategies, and trading approaches without risking any real money. It should be noted that the broker (easyMarkets) previously offered different leverage options, so it’s worth closely monitoring the leverage available at any one time.

My investigations show spreads on MetaTrader are typically tighter than on the proprietary Web Platform. For instance, GBP/USD has a 1.3-pip spread on MT4 versus 1.7 pips on the Web Platform. EasyMarkets is regulated and well established, having been in business for over 24 years. During the call, we tested the multilingual easyMarkets team by speaking in different languages, and they made an effort to answer our queries in each language. Based on the information presented, it is safe to conclude that easyMarkets is a secure and safe platform.

Is easyMarkets good for demo trading?

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. EasyMarkets also gives you access to the popular MetaTrader 4 platform and all of its powerful features. You can take advantage of fixed spreads and negative balance protection. Both of the tools seem appealing, and the broker promotes them for a reason. The platform offers guaranteed stop-loss orders (GSLO) for free, whereas most brokers charge a little extra.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. EasyMarkets supports a range of funding methods including bank wires, Neteller, credit cards, and Skrill. EasyMarkets provides articles, videos, eBooks, video courses, and interactive tests to help traders of all levels improve their skills.

Yes, easyMarkets offers a free demo account for practicing with any available account type. The easyMarkets demo account enables you to test your trading strategies risk-free. Every company within the easyMarkets group offers Negative Balance Protection to all clients, ensuring that traders can never lose more money than their initial deposit. Not all brokers offer this and those that do may charge an additional fee when you place these.