Easy Markets Review
Easymarkets changed its name from easyForex in 2015 to reflect its trade in areas such as commodities and other stocks, something you won’t find at another brokerage house. An evolution like this is a good sign for a brokerage, giving us even more trust and respect for this organization.
With Easymarkets can trade in more than just currencies with commodities like agriculture, metals and energy added to the list. The minimum deposit is just $25! There’s also a 50% bonus for new accounts up to $2000.
Easymarkets is licensed and regulated by CySec and ASIC which will be an attraction to Australian traders, no doubt. While they have a standard account set up you can get access to better spreads and support by chatting with a customer service rep.
They have a very simple to use web-based type of trading system that is their in-house proprietary platform, but if you like the familiarity of MetaTrader4, then it’s available. Your spreads are fixed but your account status gives you different choices based on your level.
Mobile applications are also supported. They employ the latest encryption technology to protect your trading activity as well as your personal information.
Spreads and Leverage
As stated, these vary according to account level but for forex pairings you can get down to 1.8 pips as a VIP, otherwise 3 pips. Leverage can be as high as 400:1.
Deposits and Withdrawals
All the normal deposit systems apply like credit and debit cards and bank wire. Other online systems like Skrill, Neteller and Webmony can also be utilised. Your job is to keep your personal trading details and personal identity up to date as required by the law.
The normal business days apply and then there is 24 hour service on those days. You can use live chat, email, fax and phone as well. Offices are in Shanghai, Sydney, London, Warsaw and Limassol which means timezones are adequately covered. Easymarkets has available ebooks, glossary, videos and a learning centre to help and support its customers for all the levels of training.
You don’t acquire such a good name in Forex trading as has Easymarkets by being average at what you do. They are leaders in this field with both innovation and customer support and won’t cost you an arm and a leg to get started in Forex. They provide a simple, transparent service backed by two regulatory bodies which adds to their trust angle.
Footnote: PIPS – A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on. One pip is the smallest price change that an exchange rate can make. Most currencies are priced to four numbers after the point.