It comes with 38 technical indicators, as opposed to the 30 indicators built into its predecessor, and features 21 chart timeframes, with intervals ranging from one minute to a month. After the first impression, however, traders may realize that easyMarkets offers trading conditions that don’t compete well with other leading Forex brokers. While transparency is adequate, easyMarkets does charge traders for the usage of its proprietary trading platform through higher spreads than those available in the broker’s MT4 platform.
You also get variable leverage ratios that depend on the market’s volatility levels. With the Freeze Rate button, you have the ability to freeze live rates momentarily to open or close trades. Even if the market changes during that time, easyMarkets will execute an order for you at that frozen buy or sell quote you select. In order to activate this feature, you need to click on the Freeze Rate button before you click on either sell, buy or close. EasyMarkets offers excellent 24/5 customer service through email and live chat. It’s important to consider that features like guaranteed stop loss, ‘Freeze Rate,’ and ‘easyTrade’ are exclusive to the Web Platform.
easyMarkets vs Other Brokers
The platform can show multiple live charts simultaneously, which works to the benefit of well-versed traders. Automated analysis is also possible via the expert advisors featured in the platform. Users can conveniently test their expert advisors as MetaTrader 4 provides them with two decades of historical data.
easyMarkets Reviews 1,717
Connecting your easyMarkets account to TradingView comes at no extra cost. The only downside is that manually executed market orders via the platform typically suffer from slippage. The Freeze Rate is another great tool exclusively available at the broker’s proprietary browser-based platform. As the name indicates, this feature enables savvy traders to lock in the prices of their chosen markets for three seconds. This may not seem much but a lot can change in three seconds in highly volatile markets like cryptocurrencies and foreign exchange.
Standard Account Spread
The broker’s web-based trading platform features no slippage on stop orders, guaranteed stop losses and fixed dealing spreads. The broker also offers negative balance protection, so you can never lose more than your initial deposit if a trade goes drastically wrong. EasyMarkets offers three unique trading tools, accessible only on webtrader, its proprietary trading platform. A lesser version of what can be accomplished in the MT4 trading platform, through a plugin, is provided by easyTrade. The purpose is to enhance risk management, but what this broker fulfilled mirrors binary options trading more than Forex; only twenty assets are available for this type of trade. EasyMarkets has countered the shortage of investment into MT4 by creating their proprietary webtrader, advertised as an intuitive, powerful, and simplified trading platform.
Brief Look at easyMarkets
Those who hold a standard account can deposit as little as $25 and trade with fixed spreads of 3 pips for the EUR/USD pair, for instance. Customers are recommended to set up their standard accounts in the base currency of their country of origin to avoid incurring any unnecessary transaction fees. There are also plenty of the so-called exotic pairs that can be traded – they include currencies such as CNH, ZAR, SEK, NOK, and many more.
- All funds deposited by traders are securely held in segregated bank accounts in the best reputable banks.
- With no transaction fees and multiple funding options—such as bank transfers, credit cards, and eWallets—clients have the flexibility to choose the best method for their needs.
- It prioritizes transparency, client fund protection, and features like negative balance protection.
- EasyMarkets does not charge direct commissions; costs are integrated into spreads, but overnight holding fees apply.
- For a small fee, you can cancel losing trades within a stipulated time and have all your money returned as if the trade never happened.
Two of the core features marketed by this broker, dealCancellation and Freeze Rate, are exclusively granted in this platform. The easyMarkets webtrader also comes with a hidden cost to traders in the form of higher spreads, which is quite unfortunate, and may serve as a deterrent from traders choosing this option. Options trading is provided through this platform as well, and traders who seek the full range of products and services offered are forced to pay more for access to them. In addition to the standard MT4 and MT5 trading platforms, easyMarkets offers its own proprietary, browser-based platform. This platform introduces a unique trading experience that blends features of both binary options and easymarkets broker traditional Forex. It also integrates TradingView charts, giving users full access to professional-grade analytical tools.
When it comes to those segregated client funds, you want to be sure that they are kept in the hands of some pretty strong banks. Easymarkets makes use of top tier banks that have high credit scores and easy access to their accounts. Processing times for deposits vary by method, with credit and debit card deposits being instantaneous.
Traders have plenty of choices, which include bank wires, credit and debit cards, Skrill, Neteller, Sofort, and several regionalonly options. At the time of this review, easyMarkets offered three promotions; a first deposit bonus, a partnership programme, and a refer-a-friend bonus. DealCancellation is essentially an innovative albeit disingenuous way to charge traders unnecessary fees, and a solid marketing medium for inexperienced or naive traders. The MT4 trading platform is provided as the basic version only but remains the best choice available at easyMarkets. EasyMarkets is headquartered in Limassol, Cyprus within the European Union and submits to regulation under the Cyprus Securities and Exchange Commission’s (CySEC’s) oversight.
- Another benefit of installing the app is that it enables traders to easily access their portfolio without entering any login credentials.
- This means that deposits are segregated into a separate account, and there are training standards and requirements for external auditing.
- 74% of retail investor accounts lose money when trading CFDs with this provider.
The platform was developed to be user-friendly and powerful, providing access to an array of financial instruments, including Forex and CFDs. EasyMarkets is known for its transparent pricing structure, offering competitive fees, spreads, and no hidden commissions. All accounts feature fixed spreads, meaning traders know their costs upfront, with no unexpected fees. Whether you trade on the easyMarkets Web/App, MT4, or MT5 platforms, you can expect competitive spreads starting at just 0.7 pips on major pairs like EUR/USD. Easy Markets provides access to a broad selection of trading instruments, including forex, commodities, indices, cryptocurrencies, and shares.
All features listed, with the exception of a personal analyst, are equal to what is provided in the easyMarkets webtrader. A professional account is available if at least two of the broker’s three requirements are satisfied. In that case, ICF protection is removed in return for higher leverage with cash rebates available based on trading volume. As its name implies, easyMarkets is very easy to use, and if you’re on the hunt for the best online broker, it’s simple to open an easyMarkets account. Its web-based trading platform is remarkably straightforward (excellent for beginners) and a free demo account is available for simulated trading. You won’t be charged fees when you make deposits or withdraw money from your trading account, which is a major benefit because other brokers charge for those services.
Compare easyMarkets with any other broker by selecting the other broker below. It doesn’t matter when you withdrawal except best to do it during business hours not weekends. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.