EasyMarkets offers 3 simple account types, a 50% deposit bonus for new accounts up to $2000, and all the trading platforms you will need to get started. EasyMarkets is fully regulated by CySEC and the Australian ASIC giving peace of mind to any trader that your broker is being kept in compliance. With a minimum deposit of $100, 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 center. EasyMarkets is one of our favorite online Forex brokers.
EasyMarkets feature 3 accounts – two standard ones and a more VIP account that has a c0uple 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 if you plan to trade with higher leverage. A simple starter account, but if you are serious, consider upgrading.
Standard 1-pip Account: This account requires a minimum deposit of $250 USD and the spreads will decrease compared to the Standard account. The spreads on this account are more competitive with the marketplace, and I find that the spreads on the Standard account quite high for someone who plans to take profit from trades. Features are the same as the Standard account, but these are most of what you would want in a trading broker so I would recommend them.
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 a personal analyst to work with. I think this feature is good for anyone who wants to learn more about trading and other markets.
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.
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 (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.
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.