Began in 2001, easyMarkets is a well-known broker for forex and CFDs trading. It offers some unique features to its exclusive trading platform. Hence, the broker only offers a small variety of tradeable products and lacks market research.
easyMarkets is safe and regulated in both one tier- 1 and one tier-2 jurisdiction. It means that this broker has average risk. The broker is also famous for its web-based platform. It offers two user-friendly features, such as the dealCancellation and Freeze Rate. easyMarkets drawbacks include a lack of forex market research tools, tradeable instruments are just 256, which are very limited mobile app.
Is easyMarkets a safe broker?
easyMarkets is a reliable Forex broker with a high trust score. easyMarkets group of companies through its subsidiaries is licensed by the CySEC Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd – CySEC, License Number 079/07) for its operation in the European Union. It complies with ASIC (Easy Markets Pty Ltd – AFS license No. 246566) in Australia. easyMarkets also comply with Financial Services Authority of Seychelles – License Number SD056 in the Republic of Seychelles, and Financial Services Commission – License Number (EF Worldwide Ltd – License Number SIBA/L/20/1135)in the British Virgin Islands.
Its compliance with multiple prestigious regulators shows that you can trust easyMarkets for your online trading needs.
easyMarkets Account Types and Features
The company has three account types for customers, and they have different trading conditions involved. The spreads are different across the web platform, a VIP account, and MetaTrader4 (MT4) accounts. Guaranteed Stop Loss and No Slippage conditions does not apply to MT4 version of the trading accounts. The three account types of easyMarkets are VIP, Premium, and Standard Accounts. All these accounts have Web/ App and MT4 platform versions.
The VIP account has the most competitive pricing easyMarkets offers. It requires a $10,000 deposit. The VIP account has both a web platform and an MT4 platform. These accounts offer fixed spreads of 0.9 pips on the EUR/USD and while trading on MT4, the spread on other assets are also low compared to the leading brokers of similar standards in the industry.
Platforms & Tools
easyMarkets offers users two web-based platforms to choose from, such as (HTML5) and MetaTrader 4 (MT4). The broker has a light and simple platform for users to keep focused on trading. But sometimes, it may not be enough to please more demanding and expert traders.
easyMarkets offers two unique tools that include dealCancellation and Freeze Rate. The dealCancellation feature gives the trader a certain amount of time up to a maximum of six hours. It is to for you to have options to undo your trade and mend your losses. On the other hand, the Freeze Rate button lets you “freeze” a quote for three seconds.
Both tools are winning, but they must be useful for easyMarkets. Also, for new traders, the broker offers a free guaranteed stop-loss order unlike other leading brokers in the market.
Unique Trading Features of EasyMarkets
easyMarkets has some research resources for its traders. These are indicators, an economic news calendar, and news headlines from FxWirePro. Also, it offers trading signals from Trading Central for live account holders.
The broker offers MetaTrader 4 (MT4) mobile app to its traders as their exclusive mobile app. It has a clean design that mostly mirrors its web-based match, syncing watch lists added. In the mobile app, Charting is powered by Trading View with 81 indicators on the web version of the platform. Overall, the mobile app is simple and basic but falls behind the best mobile trading apps in terms of features and tools.
easyMarkets online chat supports are helpful and respond to queries within 20 seconds. Also, they are efficient and willing to assist their clients.
Education and Learning with EasyMarkets
easyMarkets has a complete range of learning materials to help beginners and advanced traders. They help you at every stage of your Forex trading journey irrespective of your experience levels. Utilize the free articles, Video tutorials, and ebooks covering the basics of Forex trading, risk management, analysis, and trading psychology and grow your trading skills.
easyMarkets academy provides a complete trading education course worth hundreds of bucks for free to its clients. The traders can test their knowledge after completing each module of the course.
easyMarkets offers a great multi-asset brokerage solution, with 256 symbols to trade, like over-the-counter FX options and forwards on 28 pairs. Also, the broker provides its trading platform, along with MT4, that helps it stand out from other MT4-only brokers. The brand is proud to say that it won an award as the Best in Class for Beginners in 2020. It does not only provide its users with peace of mind but also shows transparency.
The broker ensures that users can quickly and simply navigate while making trades. The platform itself has a good range of various accounts. Despite what type of trader you are, you should find something here to suit your needs. With lots of great features, it is easy to see why easyMarkets is so popular among the traders’ community. Other Forex brokers to consider in Dubai, UAE are FXTM, Axiory, and AVATrade.