Home / Forex Brokers in Australia / easyMarkets Broker Review

easyMarkets Broker Review

FX Scouts By Jeffrey Cammack Updated: March 31, 2020
Overall Rating
4.34 / 5
Min. DepositAUD 100
Max. Leverage400:1
Min. Spread0.9 pips
Regulators CySEC,ASIC
Regulator Origin CySEC ASIC
Broker TypeMarket Maker

Summary

EasyMarkets offers three simple account types, a 50% deposit bonus for new accounts up to $2000, and offers MT4 alongside its proprietary platform. EasyMarkets is fully regulated by CySEC and ASIC in Australia, ensuring compliance with the highest client protection standards. With a minimum deposit of $200, you can trade Forex, commodities, agriculture, metals and other stocks allowing a diversified portfolio of investments.

Customer accounts have a dedicated account manager, 24/5 customer support from their offices around the world, fast withdrawals and a stacked learning centre. EasyMarkets is one of our favourite online Forex brokers.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses Up to 50% First Deposit Bonus
Our Review Process

Trading Conditions

Minimum DepositAUD 100
Base currenciesAUD, CAD, EUR, GBP, JPY, NZD, PLN, SEK, USD, ZAR
Number of FX Pairs103
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.9
GBP / USD1.3
USD / JPY1.0

Company Details

Company nameBlue Capital Markets Ltd
Founded2001
Website Visit Website
TypeMarket Maker
RegulatorsCySEC,ASIC
Office locations Australia, Cyprus, UK, China, Czech Republic

Deposit & Withdrawal Methods

Supported Platforms for easyMarkets

Regulation

EasyMarkets has both Australian and European regulation.  Australian clients are regulated under the EasyMarkets Pty Ltd company with ASIC license number 246566 while clients signing up from other jurisdictions around the world will be signed up with Easy Forex Trading Ltd which is regulated under CySEC Licence Number: 079/07.

Account Types

EasyMarkets feature 3 accounts – two standard ones and a more VIP account that has a couple more feature than the standard accounts.

Standard Account

This account requires a minimum deposit of $100 and with it, you get all of the basic trading features including a dedicated account manager, an introduction to the trading platform, some basic education in trading if you would like to take advantage of that.  This is a standard account, with a trusted broker, but only having $100 USD in the account will not give you much margin for high-leverage trades.  The standard account is a simple starter account, but if you are serious, consider upgrading.

VIP account

This account is for someone who trades seriously or for a living.  A minimum deposit of $2500 gives you access to all the basic features in the Standard account, but also SMS updates on market information, faster withdrawals and an analyst to work with. I think this feature is good for anyone who wants to learn more about trading and other markets.

Trading Platform

EasyMarkets have a 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

These vary according to account level but for forex pairs. It is 1 pip as a VIP or Standard 1 Pip, otherwise 3 pips for the Standard account. Leverage can be as high as 400:1.

Deposits and Withdrawals

All the normal deposit systems apply like credit/debit cards and bank wire. Other online systems like Skrill, Neteller and Webmoney can also be utilized.  Withdrawals are executed quickly, but express withdrawal is available for VIP accounts.

Customer Support

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 Cyprus making all timezones adequately covered. EasyMarkets has ebooks, glossary, videos, and a learning centre to help and support its customers for all the levels of training.

Conclusion

EasyMarkets, backed by two regulatory bodies, is consistently good and operates a growing business with happy traders as customers.  They work hard to keep up with market innovations, have strong customer support, and trading accounts that are clear in the service they offer.

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 4.34 / 5 4.55 / 5 3.93 / 5 4.38 / 5
Minimum DepositAUD 100AUD 100AUD 100AUD 5
Regulation
CySEC CySEC
ASIC ASIC
FCA FCA
ASIC ASIC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
Broker TypeMarket MakerECN/STPMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Metals, Vanilla OptionsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs10380+50+57
Crypto Pairs35182
Read Full Review Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5 3.5 / 5
Trading Platforms 4 / 5 5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 4.5 / 5 4 / 5 4.5 / 5 4.5 / 5
Education & Research 3.5 / 5 4.5 / 5 2 / 5 5 / 5
Assets Available 4.5 / 5 4 / 5 4 / 5 4.5 / 5
Customer Service 4 / 5 4.5 / 5 4 / 5 4 / 5
% Lose with this broker 73% of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage400:1500:1400:1500:1
Spread0.9 pips0.0 pips0.9 pips1.0 pips
Hedging Yes Yes Yes Yes
Scalping Yes Yes Yes Yes
Account Types
  • Islamic
  • Premium (Professional)
  • Standard (Standard)
  • Super VIP (Vip)
  • VIP (Professional)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
  • Micro (Mini)
  • Standard (Mini)
  • XM Ultra Low (Mini)
  • XM Zero (Standard)
Swap-Free Accounts Yes Yes Yes Yes
Trading Platforms MT4 MT4, MT5, cTrader MT4 MT4, MT5
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread From 7 USD / lot - Razor Account Fees Included in Spread 7 USD / lot - XM Zero Account
Clear all brokers

easyMarkets

Visit Website

Pepperstone

Visit Website

AvaTrade

Visit Website

XM

Visit Website
Overall Rating 4.34 / 5 4.55 / 5 3.93 / 5 4.38 / 5
Minimum DepositAUD 100AUD 100AUD 100AUD 5
Regulation
CySEC CySEC
ASIC ASIC
FCA FCA
ASIC ASIC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
Broker TypeMarket MakerECN/STPMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Metals, Vanilla OptionsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs10380+50+57
Crypto Pairs35182
Read Full Review Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5 3.5 / 5
Trading Platforms 4 / 5 5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 4.5 / 5 4 / 5 4.5 / 5 4.5 / 5
Education & Research 3.5 / 5 4.5 / 5 2 / 5 5 / 5
Assets Available 4.5 / 5 4 / 5 4 / 5 4.5 / 5
Customer Service 4 / 5 4.5 / 5 4 / 5 4 / 5
% Lose with this broker 73% of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage400:1500:1400:1500:1
Spread0.9 pips0.0 pips0.9 pips1.0 pips
Hedging Yes Yes Yes Yes
Scalping Yes Yes Yes Yes
Account Types
  • Islamic
  • Premium (Professional)
  • Standard (Standard)
  • Super VIP (Vip)
  • VIP (Professional)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
  • Micro (Mini)
  • Standard (Mini)
  • XM Ultra Low (Mini)
  • XM Zero (Standard)
Swap-Free Accounts Yes Yes Yes Yes
Trading Platforms MT4 MT4, MT5, cTrader MT4 MT4, MT5
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread From 7 USD / lot - Razor Account Fees Included in Spread 7 USD / lot - XM Zero Account

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sign Up

Most retail CFD accounts lose money. Your capital is at risk.

>