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easyMarkets – Forex Broker Review 2022

About easyMarkets

easyMarkets has 20+ experience in online trading. As one of the oldest, and the most established forex brokers on the market, it knows exactly what traders want. It has great account options, excellent trading conditions, and powerful trading platforms. It also has many useful trading tools, including a unique dealCancellation service.

Key Benefits

Regulation

easyMarkets has a license with the Australian Financial Services (No. 246566). It also has a license with the Cyprus Securities & Exchange Commission (No. 079/07), the Financial Services Authority of Seychelles (No. SD056), and the Financial Services Commission (No. SIBA/L/20/1135).

Fund Safety

As a regulated broker, easyMarkets offers a high level of client fund protection. It uses segregated accounts. This means that its clients’ funds and its operational funds are kept in separate accounts. As such, clients’ funds are never used for operational purposes.

Trading Platforms

easyMarkets has its own proprietary trading platform. It also offers MetaTrader4. The trading conditions available on these platforms vary depending on the account type you choose.

Trading Instruments

easyMarkets has a wide range of trading instruments including forex pairs, indices, oil, gas, metals, agricultural commodities, and cryptocurrencies.

Account Types

easyMarkets has three account options: the Standard Account, the Premium Account, and the VIP Account.

Spreads

Instruments

Minimum Deposit

Max. Leverage

Commission

Standard

From 0.9 pips

170+

$20

1:30

0.8

Premium

From 0.9 pips

170+

$2000

1:30

0.8

VIP

From 0.9 pips

170+

$20000

1:30

0.8

Deposits & Withdrawals

easyMarkets offers a great range of payment methods. You can fund your account via debit card, credit card, or bank transfer. Or, you can make deposits using an e-wallet such as Skrill, Neteller, or Webmoney. You can also withdraw money using any of these payment methods.

Commission

There are no commission charges on any of the accounts.

Trading Tools

easyMarkets has several unique trading tools, including easyTrade and Freeze rate tools. The easyTrade tool helps you plan your trades and lets you set a maximum amount of risk for each position. As such, it helps you better understand your market exposure and limit your potential losses. Meanwhile, the Freeze Rate tool lets you freeze the price you see and gives you a buffer of a few seconds to perform your trade. As such, it helps you better manage your trades during times of high market volatility.

Education

easyMarkets cares a lot about trader education and support. It offers many high quality educational resources including articles, eBooks, glossaries, and a free trading course. The trading course covers a wide range of topics including market analysis, risk management, and trading psychology. As such, it provides you with a detailed, comprehensive introduction to forex trading.

Extra Trading Services

easyMarkets offer their clients a very helpful feature on their platform called dealCancellation. This tool gives clients the ability to cancel trades and save investments, and here’s how it works:

When you open a trade, you need to click on the green shield icon to indicate that you’re turning on dealCancellation for that trade. Then in your Open Trades report, you will see a list of all trades and the ones with the feature enabled are indicated clearly. Click on each deal to see the time left that you have to cancel it, if you wish to do so. You have a set time limit to cancel trades and can do so, even if you have already hit the stop loss. When a deal is cancelled, the amount of risk for your trade (your loss) is returned to your account.

Documents

To open an account, you need to send easyMarkets proof of ID. This means giving them a clear copy of your driver’s license, your national ID card or your passport. You also need to provide the company with proof of address. This means giving them a clear copy of a recent utility bill, bank statement or any other local authority bill. Your proof of address must include your full name and address, and have been issued within the last 6 months.

easyMarkets Customer Support

easyMarkets are easy to contact for help and support. If you’re looking for a broker with polite, helpful support staff, then you need not look any further. The way that a broker treats their clients is extremely important and easyMarkets treat their clients very well. You can contact them via phone, email, or live chat.

Conclusion

easyMarkets has a great all-round package. It offers great trading conditions, unique trading tools, and a secure trading environment. It also has great educational materials and a helpful customer support team. As such, it is a great choice for both new and experienced traders.

Like what you see? Sign up for an online trading account with easyMarkets here.