EasyMarkets’ proprietary trading platform is simple to use and offers several unique features that appeal to beginners. EasyMarkets, on the other hand, is expensive, has a limited selection of tradeable products, and lacks market research, find more in this easyMarkets review.
Top Takeaways for 2022
- EasyMarkets, which has been around since 2001, is a moderate-risk broker for FX and CFDs because it is regulated by both a tier-1 and a tier-2 regulatory body.
- DealCancellation and Freeze Rate are two of the most well-known features of easyMarkets’ web-based platform, which is known for its ease of use. The weaknesses of EasyMarkets include a subpar mobile app, a small selection of only 256 different tradeable instruments, and a dearth of thorough forex market research tools.
- Although easyMarkets’ MetaTrader 4 (MT4) service includes a free guaranteed stop-loss order, we do not advise using it. Both the desktop and web versions of MT4 offered by easyMarkets lack support for market news feeds.
Please be aware that easyMarkets was not included in our most recent annual review. forex mentor As a result, the ratings for this broker may be out of date. Read our best forex brokers guide for a breakdown of the top rated forex and CFDs brokers.
Is easyMarkets Safe?
Having earned an average Trust Score of 84 out of 99, easyMarkets poses about the same amount of risk as the average broker. EasyMarkets does not operate a bank or as a publicly traded company. One tier-1 (high trust), one tier-2 (average trust), and one tier-3 (low trust) regulator have all issued licenses to easyMarkets (low trust).
The table below summarizes the various investment products available to easyMarkets clients.
Bitcoin, Ethereum, and other cryptocurrencies can be traded via Contracts for Difference (CFDs), but the underlying asset cannot (e.g., buying Bitcoin). Crypto CFDs are unavailable to retail traders or UK residents through any broker’s UK entity.
Fees and commissions
Spreads are fixed (not variable) and trading costs (spreads + any commissions) vary across the web platform, MT4, and the VIP account that easyMarkets offers.
The lowest spreads and lowest minimum deposits can be found on easyMarkets’ VIP account (which requires a $2,500 initial deposit; $100 for EU and UK residents) and web platform (which requires a $250 initial deposit). When trading the Euro Dollar on the easyMarkets platform or with an MT4 account, the fixed spread is 0.9 pips.
EasyMarkets incorporates a sentiment indicator, an economic news calendar, streaming news headlines from FxWirePro, and trading signals from Trading Central into its trading platforms for live account holders.
Despite a wide range of features, easyMarkets’ research offering is slightly above the bare minimum industry standard.
Best Forex Brokers for Beginners in 2022:
The top forex brokers share three main characteristics for novices. The first and foremost characteristic is that the broker has a solid reputation and is backed by authoritative authorities. The second component is making available an accessible online system that includes a wide range of quality learning materials. The third is the availability of reliable and useful market data.
What is a forex broker?
A forex broker (sometimes called a currency trading broker) facilitates trades in foreign currencies. Currency pairs like “EUR / USD” (euro / U.S. dollar) are used when making purchases and sales in the foreign exchange market. You can use a broker’s trading platform to buy and sell currencies on margin once you open an account, make a deposit, and receive approval from the broker. Trading occurs around the clock in the foreign exchange market five days a week. Here are best forex trading platforms for beginners.
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Based on our study and comparisons, AvaTrade is a good mobile option, has competitive pricing, and is in line with the industry standard regarding research and copy trading.
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