Reliability and trust are what traders are looking for in a broker company, and they come before the many operational features. easyMarkets, as one of the renowned broker companies, offers high-quality features besides these core elements.
This easyMarkets review will summarize all that there is to know about this broker. Many beginners do not know what aspects to take into consideration when choosing a broker company as their business partner, and we will try to include these characteristics in this short easyMarkets review.
easyMarkets as your Broker
The easyMarkets Forex company is seated in Cyprus, one of the main European Forex centers. Cyprus has become a nest for many Forex companies since it is still a tax haven and red tape is reduced to a minimum when it comes to registration. easyMarkets took these benefits to their advantage and manage their large client-base from this attractive destination. As CySEC is one of the best-known authorities on Forex business conduct, not only in Cyprus but in all of Europe, easyMarkets decided to get a CySEC license. To get registered with CySEC, the company had to have sufficient capital to cover for risks, unexpected events, list liquidity evidence, etc. They also got licensed by ASIC, the Australian national regulatory authority, which also imposes the highest standards as requirements for licensing. So far, given their licenses, easyMarkets deserves the trust of its clients. Still, even if fairness and transparency are the base ground, Forex brokers should offer the most optimal conditions to their traders. This refers to the operational features which actually enable optimal trading. easyMarkets tries to stay one step ahead and gives its clients the comfort and functional ability to cope in the market.
EasyMarkets and the Trading Platform(s)
easyMarkets makes sure not to miss out on anything. Therefore, they offer the MetaTrader 4 platform which already gained global popularity and is the first choice of the majority. Still, to cover the minority who would like to try something else, easyMarkets developed their own platform which is a browser platform. This means that you do not have to download anything, just register online and start your trading career with this intuitive and user-friendly platform. The easyMarkets mobile app has also been developed for those who like to trade on the go. Download it to your smartphone and take a glance at your trading moves wherever you happen to be. This is one of the advantages of Forex trading; you can access the market any time you want, except for weekends. As an advanced system, the easyMarkets platform includes all advantages like the automated signals feature. This means that your trades can be executed automatically on the basis of pre-set parameters. Forex experts calculate the parameters, and many call them the hidden adviser. This gives you the opportunity to choose whether to trade on your own or to rely on the expert adviser. You can turn the automated parameters on and off to your liking.
Like all decent Forex brokers, easyMarkets offers various accounts to match the different levels of their clients. The following accounts are part of their offer:
- Demo account- free account for beginners to practice
- Standard account
- VIP account
With opening a Demo account, customers can access free educational material with detailed explanations on the market and trading. The Standard account is the, so to say, middle- account, which offers a fixed three pips spread. The leverage for this account is 1:400. The VIP account offers narrower spreads with a 1.8 difference. E-mail and SMS alerts and free trading signals are included in the easyMarkets package. The minimum deposit to register with an account is $25.
Bonuses and Promotions with easyMarkets
As soon as you register with easyMarkets, you will be greeted with a $25 Welcome Bonus. Besides that, if you deposit $100 or more, you will be rewarded with a bonus up to 50%.
Other easyMarkets bonuses include friend referrals whereby you can earn up to $2,500 of trading credits. Your earnings will depend on how many friends join and how much they deposit. The policy is simple, just share the easyMarkets link and invite friends to join over the link you posted.
Deposits and Withdrawals
The easyMarkets Forex broker does not charge any fees for depositing and withdrawing money. Payment methods include bank transfer, credit cards, and eWallets like Neteller, WebMoney, Skrill, etc.
The transfers can last from 2 hours to several days depending on your payment method. Usually, wire transfers take the longest (e.g. seven days), especially if it is an international transfer.
Customer Support and esayMarket
The multilingual Customer Support makes sure that you get help in multiple languages like German, Russian, Arabic, Polish, Arabian, Hebrew, French, Spanish and Chinese. According to user reviews, easyMarkets customer support is very forthcoming and efficient. They are available around the clock except on weekends. Contact them via e-mail, live chat, phone, or fax. Live chat has become a very popular form lately, since it enables a shorter response time and a more personal connection.
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