Regulators: ASIC, CySEC
Minimum Deposit: $100
Maximum Leverage: 1:400
My Score: 7.2
easyMarkets has been serving forex investors since 2001. The company acquired ASIC license in 2003 and CySEC license in 2007. easyMarkets and the services offered attract investors. The company is especially interested in client protection. There are various services to protect the investor for this.
There is also a wide variety of trading instruments in the broker, which also serves for cryptocurrency trading. You can trade as CFD on cryptocurrencies like bitcoin, ethereum, ripple. With bitcoin trade you can make a profit from both the rise and the fall.
The easyMarkets official website has over 500,000 visitors per month. I can say that there are enough visitors but not too big.
The easyMarkets official website has over 500,000 visitors per month. I can say that there are enough visitors but not too big. Is easyMarkets safe or scam? What are account types, spreads, bonuses and withdrawal methods of easy Markets? In this easyMarkets review you will find answers to these questions.
Regulation and Client Protection
|Easy Forex Trading Ltd.||CySEC||Cyprus|
|EasyMarkets PTY Ltd.||ASIC||Australia|
As you can see on the table above, easyMarkets are regulated by 2 different watchdogs: ASIC in Australia and CySEC in Cyprus. Both of these are well-respected regulators among investors around the world. Moreover, obtaining a license from these regulators is a very difficult process. The rules of ASIC and CySEC are quite rigid and require a strong financial structure.
For example; CySEC-regulated brokers are obliged to hold at least 730,000 euros net capital from bank accounts. This capital must be kept separate from the customer’s funds. In addition, all CySEC-regulated brokers also offer an extra guarantee to their investors as a member of the Investor Compensation Fund. If the company goes bankrupt, up to 20,000 euros of investors’ money is under guarantee by IFC. Similarly, ASIC-regulated brokers have to keep $ 1,000,000 net capital in their accounts.
In addition to the regulation, easyMarkets also focuses on cliet protection. The services it offers are very efficient and useful. So you can trade with a healthy investment psychology. easyMarkets offers tight fixed spreads. Thus, you will not encounter the problem of spread widening. Especially when important news is released, there is a problem of spread widening in many forex brokers. easy Markets has negative pallance protection. At this point, it is not possible to lose more than you have invested. There is also no slippage guarantee.
easyMarkets Account Types
easyMarkets offers 4 different account types. There is also an Islamic account option for each account type. You need to apply for an Islamic account, then you may be asked for some documents to prove your belief by the broker.
|Account Type||Minimum Deposit||Maximum Leverage||Minimum Trade Size||Spreads|
|Standard||$100||1:400||0.01||3 pips on EURUSD|
|Premium||$1000||1:400||0.5||2.5 pips on EURUSD|
|VIP||$2000||1:400||0.01||1.8 pips on EURUSD|
|Super VIP||$10.000||1:400||0.01||Custom Spreads|
You can see 4 different account types and features offered by easy Markets on the table above. The minimum deposit in the standard account type is $ 100. However, spreads are 3 pips on EURUSD and 4 pips on GBPUSD. These spreads are not competitive when compared to other brokers. However, if you funding a higher initial deposit, you can trade with tighter spreads.
The maximum leverage is 1: 400 for all account types. I can say that there is a acceptable leverage ratio between ASIC and CySEC-regulated brokers.
easyMarkets Deposit & Withdrawal Methods
In terms of payment methods, we can see that when we examine easyMarkets, there is a fair amount of deposit and withdrawal methods. All payment methods are comission-free. With credit or debit cards such as VISA, MasterCard, Maestro, you can instantly deposit and withdraw money. If you want to withdraw money by wire transfer, the minimum amount is 50 dollars. None of the other methods have a minimum amount requirement. You can also deposit or withdraw money using e-wallet systems such as Neteller, Skrill or Fasapay.