easyMarkets CFD Broker Review 88

Overview/background

easyMarkets has been established in 2001 under the trade name easy-forex, easyMarkets is an award-winning global broker with full market access & few innovative trading tools & features such as options trading, cancel losing trade option (insuring your trades for a certain pre-fixed premium). easyMarkets has nearly 2 decades of trading expertise and 40,000 fulfilled clients in 160 countries worldwide; easyMarkets enables traders access to over 200 markets and the ability to trade them in a variety of ways. This flexibility empowers traders to diversify their portfolios and trade on the financial markets under a variety of conditions. easyMarkets provides its traders with easyMarkets Web Platform,  MT4 Platform, mobile app, vanilla option, and easyTrade Platform. The dynamic trading platforms run on personal computers, Android smartphones and tablets, and iPhones/iPads designated apps. 

Moreover, easyMarkets enables traders to access the global financial markets trading forex, indices, shares, agriculture commodities, energies, metals, cryptocurrencies and vanilla options. More particularly:

• 103 Forex Pairs  (Majors & Minors, Exotic currencies) ,37 FX Forwards ,3 Cryptocurrencies (such as Bitcoin, Ripple, Ethereum) ,
• 21 currency / metal crosses (such as  Gold, Silver, Platinum, Palladium and Copper)
• 15 Indices  (such as S&P 500, FTSE, NIKKEI, DAX, NASDAQ, USX, ESX, DOW etc.) ,
• 5 Energy Commodities ( such as WTI Crude, Brent Oil, Heating Oil, Gas Oil and Natural gas)
• 7 Agricultural Commodities (such as  Wheat, Soybeans, Corn, Cotton, Coffee, Sugar, Cocoa) ,
• 52 Shares (such as, Facebook, Netflix, Tesla, Ford, Amazon ,Alibaba. Adidas, Bayer etc.)
• 27 available instruments on easyTrade Platform ,
• 30  instruments on Vanilla options platform

Traders on this platform have access to global assets with a full range of financial trading instruments and financial assets. These include the likes of Vanilla Options, Currency Pairs, and Contracts for Difference (CFDs). The dynamic trading platform runs on personal computers, Android smartphones and tablets, and iPhones/iPads. The focal point of easyMarkets is its respected CFD trading platform. Traders can access a wide range of leading CFDs that include multiple commodities (soft commodities (agricultural commodities), hard commodities (platinum, gold, copper, silver and palladium), multiple indices (Dow Jones Industrial Average, FTSE 100 index, CAC40, DAX 30, China 50, US dollar index, Nikkei 225 etc.), energy commodities (Brent crude oil, WTI crude oil, natural gas etc.) and some 58+ currency pairs (exotic pairs, major pairs and minor pairs).

easyMarkets has been a market maker since 2001, and with many years of experience in the industry it is leading the way with innovative new trading tools, an ever-increasing range of tradable assets, and a rich pool of educational resources. Key events in the company’s growth and development include the 2001 launch of its online trading platform. This was followed by the introduction of freeze rates in 2004, Australian licensing in 2004 (ASIC), a comprehensive Trader Education Center in 2006 and full CySEC (Cyprus Securities Exchange Commission) licensing in 2007. In 2008, the Trade Controller and the Inside Viewer features were added to the platform. In 2009, the highly respected MT4 platform was offered to clients in addition to a strong social media presence on Facebook, Twitter, YouTube and LinkedIn. In 2010 TradeDesk was developed and this changed the course of online trading in the industry. In the same year, multiple energy commodities were offered and the iOS app was launched. By 2012 full Android and iOS compatibility was adopted for all CFD, FX and Vanilla Options trading. In 2013, easyMarkets claims to have conducted $1.5 trillion in trading volumes and in the same year it hosted a ‘Win $1 Million Trading Competition’. For CFD traders the big change came in 2014 when some 322 markets across the board were open for trade. In 2015, the highly anticipated easyMarkets Beta platform was launched, and in 2016 dealCancellation was activated. DealCancellation is one of the industry’s most innovative tools which allows you to trade risk-free. This tool gives you 1, 3 and 6  hours margin to cancel your order when the markets are moving against you, with a small fee based on recent market volatility.

easyMarkets is fully licensed and regulated by the following authorities:

• Australian licensing (ASIC) in 2004
• CySEC licensing (079/07) in 2007 as well as full MiFID passporting rights for Europe

easyMarkets trades under Easy Forex Trading Limited (Registration # HE203997).

Restricted Regions: easyMarkets Group of Companies does not provide services for residents of certain regions, such as the United States of America, Israel, Iran, Syria, Afghanistan, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, Manitoba, Equatorial Guinea, Guinea Bissau, Turkmenistan, Venezuela, Angola and Libya.

Account types

easyMarkets offers clients access to a demo trading account and a live trading account. For live trading, all that’s required to get started is your name, email address, country and age verification. Once you have confirmed your account via email, you can instantly trade online. Phone verification qualifies account holders for a €25 welcome offer. Getting started at easyMarkets with a real money account requires additional information. This includes your personal details (date of birth), registered address, experience & knowledge, and checking the box agreeing to the terms and conditions. The demo trading account requires traders to complete the same disclosure form. No need to make a deposit to trade with demo account money. The trading platforms include the proprietary easyMarkets platform and the MT4 platform tailored to easyMarkets.

Trading platform/software

There are several trading platforms available at easyMarkets. They have been designed to suit your trading preferences. The first is the easyMarkets Platform. This contains all the proprietary features that have been developed over the years. For example, the user interface allows for guaranteed executions of trades and quick-click functionality on the interface. There are also guaranteed stop loss and take profit options with tight fixed spreads. Traders can access vanilla options, Forex forward orders and pending orders on the proprietary trading platform. As for CFDs, there are multiple global market indices, energy commodities, and soft commodities available. CFD trading is also possible on all sorts of currency pairs including exotic pairs, major pairs and minor pairs as well as precious metals. The recently added dealCancellation feature allows traders to instantly cancel any deal within 60 minutes to recover all losses.

The other trading platform available to traders is the MT4 platform. With the easyMarkets MT4 platform, you can employ sophisticated trading technologies such as hedging and scalping along with expert advisors. Rapid executions of trades are possible with the MT4 platform and there is quick-click trading functionality and no dealer intervention. 70% margin call levels and 50% stop out is possible with micro lots available too. The trading tools available to you with these platforms include trade simulators, a financial calendar, live currency rates, market news, trading charts and other proprietary features that have been added to the platform. The comprehensive educational center offers a full range of CFD trading FAQs, FX trading blog, options FAQs and economic indicators.

Deposit Options

Once you are ready to make your deposit, you must select your payment method. This is step 1 of the process. Deposit methods are limited to 9 options. These include Visa, MasterCard, Maestro, JCB, American Express, Neteller, bank, Skrill and bank wire. Step two of the deposit process requires you to enter your amount and the cardholder name. Once you have finalized your deposit, you can claim your deposit offer and start trading. easyMarkets requires verification of all payment methods, but this is standard in the CFD trading arena.

Markets

A wide range of markets is available with the easyMarkets broker. These include CFD trading and Forex trading. When you make the decision to trade CFDs at easyMarkets, you have access to 200+ markets. They span the full spectrum of currencies, metals, commodities, and indices. You have multiple trading types available including 136+ currencies in day trades, 14 indices, 12 commodities and 5 metals. With forward trades in CFD format, there are 76 markets available. As for options, you have access to 30 currencies, oil, silver, and gold. The advantages of trading CFDs at easyMarkets include positive earnings in rising/falling markets, the availability of buyers/sellers at all times, complete flexibility in your trades, and leveraged trading.

• Examples of Forex currency pairs include: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, EUR/JPY, NZD/USD, GBP/JPY and EUR/GBP.
• Metals include gold, copper, silver, platinum, palladium. Metals are also available as a CFD commodity.
• Commodities include WTI crude oil, Brent crude oil, heating oil, natural gas, grain and crops, industrial copper, cocoa, cotton, corn, coffee, sugar, soybeans, wheat and others.
• Indices include the DAX, the US 500, the UK FTSE 100, China 50, US Tech, Hong Kong, US30, USD index, Australia ASIX, Japan 225, India 50, France 40 etc.
• Options include major currencies versus the USD, minor currencies, exotic cross currencies and commodities.

Customer Support Options

The easiest way to get in touch with customer support is LiveChat. However, they are not always available. Live chat functionality is operational between Monday and Friday from 12:00 AM GMT through 7 PM GMT. You can complete the live chat boxes to contact the dealing room and they will get back to you promptly. Other customer support options include the following:

• Email – [email protected], [email protected], [email protected]
• PO Box 53742, Limassol 3317, Cyprus – telephone number +35725828899 or fax +35725817183
• Regular Mail at the Warsaw branch, or telephone number +48226284102 or +48223075125. The fax number is +48225289483. There also worldwide locations in Asia-Pacific (+ 130-030-3908 telephone number) or Marshall Islands at + +35725828899

Safety

All trading activity on site is guaranteed secure. easyMarkets utilizes the same safety features as online banks, and traders needn’t worry about the security of their funds or the integrity of their accounts. During trading, there are multiple safeguards to protect you from loss, including the deal Cancellation option, guaranteed spreads, negative balance protection, guaranteed pending orders, no slippage, free guaranteed stop loss, for deals, rate alerts and so forth.

Ease of Use

easyMarkets.com is user-friendly at every step of the way. Sourcing information on site is a breeze, as the toolbar at the top of the page features all you need to know. Trade now, Forex, metals, commodities, indices, options and the more tab. Registration takes under a minute to complete and once you have verified your account, you can make a deposit and trade for real money. Everything about the CFD trading platform is easy to use.

Final Thoughts

Provided you’re not from a restricted region (United States, British Columbia, Iran, Israel, Afghanistan, Syria, Myanmar, North Korea, Somalia, Sudan, Ontario and Manitoba), you have full access to one of the better CFD trading brokerages on the net. The welcome offers and promotions are generous, but you will want to check out the terms and conditions of these. It’s easy to contact customer support, and the demo trading account is useful.