EasyMarkets two ways: Forex, CFDs.
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, EasyMarkets offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by CySEC (Licence: 079/07 ). EasyMarkets puts all client funds in a segregated bank account and uses tier-1 banks for this. EasyMarkets have been established since 2003, and have a head office in Cyprus, Australia.
Before we dive into some of the more detailed aspects of EasyMarkets’s spreads, fees, platforms and trading features, you may want to open EasyMarkets‘s website in a new tab by clicking the button below in order to see the latest information directly from EasyMarkets.
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Your capital is at risk.
What are EasyMarkets's spreads & fees?
Like most brokers, EasyMarkets take a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum fixed spreads listed on EasyMarkets’s website. The colour bars show how competitive EasyMarkets’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD1.8 PIPS $0.00 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPY2.6 PIPS $0.00 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD3.0 PIPS $0.00 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, EasyMarkets's minimum spread for trading EUR/USD is 1.8 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with EasyMarkets vs. similar brokers.
How much does EasyMarkets charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with EasyMarkets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $22.34. Here’s a rough breakdown of the fees and how this compares against AvaTrade & Plus500.
|Typical overnight fee:||$4.34||$5.00||$9.40|
|Total cost of a 100k trade:||$22.34||$12||$15.4|
|$10.34 less||$6.94 less|
|Visit EasyMarkets||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Your capital is at risk.
What can you trade with EasyMarkets?
|FX / Currencies||EasyMarkets||AvaTrade||Plus500|
|# of forex pairs offered||135||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||0||16||17|
|Indiced & Stock CFDs||EasyMarkets||AvaTrade||Plus500|
|# of Stocks offered||0||99||1816|
|See EasyMarkets's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What’s the EasyMarkets trading experience like?
1) Platforms and apps
EasyMarkets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.See EasyMarkets's platforms Your capital is at risk.
2) Executing Trades
With EasyMarkets, the minimum and maximum trade requirements vary depending on the trader and the instrument.
As a market maker EasyMarkets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As a nice bonus, EasyMarkets are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
EasyMarkets also offers a number of useful risk management features, such as stop losses (), limit ordersnegative balance protectionprice alerts and much more. You can see all of the account features offered by EasyMarketsand much more. You can see all of the account features offered by EasyMarketshere.
Finally, we’ve listed some of the popular funding methods that EasyMarkets offers its traders on the right.
3) Client support
EasyMarkets support a wide range of languages including English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew
EasyMarkets have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.
4) What you’ll need to open an account with EasyMarkets
As EasyMarkets is regulated by CySEC and ASiC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore EasyMarkets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with EasyMarkets you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.easy-forex.com/ on March 21, 2018.