easyMarkets Reviews and Account Opening Terms
So, since I can no longer trade with them, I decided to share my experience. I lost so much time and money with easymarkets having to migrate from one screen to another so I could get an idea of the real picture. Their prices were so out of kilter with the real market confusion reigned supreme.
- From the very beginning we were one of the first and one of the few brokers to offer a truly online trading experience.
- Note that cryptocurrency spreads may be adjusted more frequently than other assets due to high volatility.
- The second platform is the ever-popular MetaTrader 4, packed with tight spreads, one-click CFD Trading, and expert advisors being allowed.
- In order to make a deposit, the account holder can select the blue deposit funds button located at the top of the “My EasyMarkets” platform.
- Once traders download the app, they are welcomed with ready-to-trade demo.
They make trading moves on anything below the 4hr chart difficult. My trading style is swing trading on the daily chart, which is definitely doable with these spreads – but then you run into their swap rates. Even pairs where taking a long would result in you being paid quite decently on the swap by another broker, you are almost always paying Easymarkets. Their swap rates are the highest I’ve seen offered anywhere. It is therefore difficult to recommend them on the basis of their trading environment, unless minimizing uncertainty and having a safety net are your main priorities. Friendly to new clients with a lot of features for experienced traders.
Click on the instrument you want to trade to load into the platform automatically. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. The content is provided on an as-is and as-available basis. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website.
Company Headquarters and Trading Names
Should you have further questions, we remain at your disposal. Currencies are one of the biggest and most active markets in the World. The Currency Market is popular amongst traders because of its frequent and rapid movements. Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options trader for multinational banks and proprietary trading groups.
So today I will share my experience about this bad and incompetent broker. At my very presence, they scammed one of my clients who I used all my strength to convince becos of a little commission I will make from him, but guess what? They did not pay out the commission and still did not payout the client profit.
They do not charge fees but they do apply a spread although I consider it a high spread. Generally, this platform is a good beginner platform. My first time doing any kind of trading and the experience seems okay. Easymarkets was my first foray into forex and trading in general. Unfortunately, today I received a call from them telling me that they are no longer able to serve my area due to local regulatory changes.
Choose From Multiple Trading Platforms
With easymarketss, you can trade your favourite brands and companies’. Please add an email address to your Google account and try again. Your Facebook account does not have an email address. Please add an email address to your Facebook account and try again. Please Login to your easyMarkets account using your username and password and activate Social Login. All features are linked together and accessible from a single screen.
Our Ranked easyMarkets Trust Score is 8.8 out 0f 10 for good reputation and high compliance with the jurisdiction, the broker is regulated by two top-tier regulators with strong requirements. The only disadvantage is international trading available via the offshore entity. Yes, easyMarkets is a safe trade due to its high regulatory standards, is operating through a few regulated entities in its established jurisdiction, and is not a scam. EasyMarkets Overall Ranking is 8.3 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. In order to make a withdrawal, EasyMarkets will require proof of identity and proof of address . Next, the account holder can navigate to “My easyMarkets Funds Management” for the process to be completed.
They set automatic stop loss positions which many may regard as fantastic but you have to manually go in and alter them otherwise you will be stopped out far too quickly before you even know it. Templates are so difficult to construct and even if you can when you go back to login they won’t even open to what you closed – you have to reconstruct. The below review is also of same nature he made money and you are not giving his profit and giving the same excuse of terms and condition. You can’t do FRAUD with innocent clients by labeling fake excuses. How can company keep profit by saying of third person.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The helpdesk rep eliana has been of great assistance to provide me with info required in a very short time . She was helpful and seem to understand her assigned task very well by first seeking clarification in order to speedup the follow on processes. She also extended her service to further help in executing the task which i could very well do at my end but may not be as fast. I did not want to draw any money but this is my first time and I want to try out the system platform to check how effect my request is. You will get a account manager who will solve any problem you have in trading and everything .
Start your trading journey
GSLO (Guaranteed Stop-Loss Order) feature is offered fee-free. Been with this company for a short time and have already had a great experience… Receive the red carpet treatment with our institutional grade trading package. Access insider reports and trading conditions with all the VIP benefits. Our innovative trading platform requires no installation and is available for trading instantly, with one of the quickest trading activation processes in the industry.
So now they have successfully defraud me of my commission and my client profit. I will make sure na any other person falls victim of your tricks and frauds. All that ensures the traders’ safety, especially to those who trade in volatile conditions. As a market maker, they are able to offer guaranteed stop losses and negative balance protection. They also offer fixed spreads, which are nice if you don’t like the added uncertainty of spreads spiking during times of volatility or low liquidity. Their spreads on anything but EURUSD and USDJPY, especially those on crosspairs, are steep.
By continuing, you declare that you have read, understood and accept the Terms and Conditions and you agree to open an account with EF Worldwide Ltd. Please contact Customer Support Department if you need any assistance. Its underlying technology lets you trade with limited risk and unlimited potential, without margin requirements. Access to the world’s financial markets at your fingertips. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.
See all easyMarkets Non-Metal Commodities
Traders have access to over 200 markets including spot trades, forwards, and options. The in-app tutorials about how to use the app are very simple, brief, and straight forward. But the explanation of some very key trading options is not explained clearly. You might lose some money accidentally if you do not understand the difference between their easyTrade option and their day trade option.
EasyMarkets review shows a brokerage company with a long operational history and absolutely fair and transparent trading conditions. Even though, the easyMarkets are even proud to be a market-making broker since they ensure stable trading conditions to their client under any market conditions and even extreme volatility. The range of account types and advanced software features are also great benefits available to all easyMarkets clients, which is worth consideration.
Does easyMarkets offer cryptocurrencies?
Cryptocurrencies is the latest market offered by easyMarkets. Unlike any other asset class, cryptocurrencies experience huge fluctuations in price, in relatively small periods of time. EasyMarkets offers over 200 products to trade on desktop, mobile, and all other responsive devices — it is an established broker regulated by FSA, CySec, ASIC, and BVI.
Trade in three simple steps without margin requirementsor spreads. Buy or sell at a forward rate in a future pre-defined date. Trade with no slippage, no renewal fees and of course you can use free guaranteed stop loss and take profit. EasyMarkets Tickets allow you to choose between a day trade, a forward deal, a pending order or an easyTrade. All of these tickets offer clients different benefits and ways to trade. Authorised and regulated by Cyprus Securities and Exchange Commission in the Republic of Cyprus at 19 Diagorou Str.
Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and investment professionals on issues related to trading, and derivatives. Lawrence has served as an expert witness in a number of high profile trials in US Federal and international courts. Traders can configure the chart with customized indicators and technical analysis tools.
Deposit and Withdrawal Methods
Retail trading conditions are changing in Australia. Regarding technology, the broker has a state of the art analytics tools incorporating artificial intelligence, the leading technology in smart trading. The broker does not charge any deposit and credit card, and e-Wallets withdrawals have no limit. However, withdrawals through bank transfers must not be below $50. As of August 21st, 2018, the spreads for EUR/USD was 1.8 pips, USD/JPY 3, and GBP/USD 3.
The third step in the https://traderoom.info/ registration process will be for the applicant to confirm their country of residence. This works like this, when you open a Buy position your deal will open at the Sell price and when you open a Sell position your deal will be opened at the Buy price. This is the reason why all positions are open with an initial negative profit and loss. Backtest your trades and strategies over two decades of market rates. Quickly open trades when markets are moving rapidly.
Eliana, the customer service helpdesk has been very patient and helpful throughout my account creation process. I’d encountered some issues and if it weren’t for Eliana, I would have given up on Easymarkets. Patient and she made sure everything was resolved as quickly as possible. This broker aslo offers guaranteed stops and negative balance protection.