EasyMarkets appears to be a solid brokerage on the surface with impressive operational statistics. New accounts are opened online, and the process is surprisingly short at easyMarkets. Traders are initially only required to prove their e-mail address and create a password or connect through their Google or Facebook account.
This includes sensitive information such as passwords, credit card info as well as personal identification documents. So, if you hold your position overnight you’ll be charged for that. Every instrument has a different fee and conditions for overnight positions. You won’t have to download the HTML5 platform since it’s web based.
What is the minimum deposit for easyMarkets?
So by trading numerous instruments, you also may use powerful tool leverage, which may increase your potential gains through its possibility to multiply initial accounts balance. Yet, make sure to learn how to use tools smartly, as high leverage and incorrect use increase risks as well. EasyMarkets strives to provide transparent, trusted, and regulated financial service.
- Charting is harder, connections are slower and order management is more cumbersome.
- Another great benefit of the MT4 platform is that it is exactly the same across all of the brokers across the world.
- Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
- We found easyMarkets to be a breath of fresh air and there was no doubt quite a lot to like about it.
- No commission is charged on trades and users do not have to pay any fees to access certain features on the platform.
I wouldn’t necessarily call that a negative, but newbies or traders coming from the old binary world may be deterred. EasyMarkets used to have a 7-day limit on their demo accounts. However, live account holders have access to an unlimited demo. Traders have access to over 200 markets including spot trades, forwards, and options. EasyMarkets offers CFD trading in a variety of asset classes including forex, metals, agricultural goods, energy, indices, and cryptocurrencies. The minimum trading size is listed as 0.01 lots in the MT4 trading platform, and 0.05 lots in the easyMarkets webtrader.
What Can I Trade
We strive to always improve our service and your kind words encourage us to continue this way. Thank you, we appreciate you taking the time to leave your feedback. The Binary Options Contracts they offer have high payouts through various types. This company is also regulated by Polish Financial Supervision Authority (KNF) as well. It is not possible to get cashback or rebate on existing accounts..You have to open new account (different E-mail address) through our IB link. All information on 55brokers.com is only published for general information purposes.
I think that a company that’s been active since 2001 cannot be called a scam, especially because they are regulated by two well-known financial watchdogs (CySEC and ASIC). Initially, they were named Easy Forex and rebranded to easyMarkets in 2016, so you might be familiar with the former name, especially if you are a long time trader. But as always, you should always do your own research and be extra careful when investing.
Swap-free trading is available via easyMarkets Islamic accounts. The broker also has a professional trading account for seasoned traders. EasyMarkets changed the game and provided an online trading platform. The minimum deposit was $25, https://traderoom.info/easymarkets-introduction/ and that’s still the same today. They also accepted the deposits through a credit card in 2001, which was forward-thinking for that time.
Each instrument has a different condition for overnight positions and may be as a fee or refund. With EasyMarkets, the minimum and maximum trade requirements vary counting on the trader and therefore the instrument. All features are linked together and accessible from a single screen. The upper menu of the screen contains the available balance, the amount at risk, profit/loss statistics, and the CFD margin level. A “Deposit Funds” button is located on the right of these statistics. EasyMarkets processes all withdrawal requests within a day of receiving them.
Is easyMarkets regulated?
For 2024, there is a chance that the commodity could establish new all-time highs. A weaker US dollar would be ideal for that, and combined with the weakness in the stock market, it could be a perfect cocktail for gold to drift higher. We have already mentioned the Fed’s position on possible rate cuts in the first half of 2024, which could bring potential weakness in the US dollar. If anyone had asked in 2022 how we see 2023 shaping up, it would have never come into our minds that it would turn out the way it did. Many skeptics worried that the planned further rate hikes from central banks in developed countries would hurt the stock market going into 2023. The Federal Reserve had a task at the beginning of 2023 to bring inflation down.
- These are, after all, the factors which can directly impact on your trading returns over the long term.
- It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.
- EasyMarkets does not charge any fees for deposits, regardless of the deposit method chosen.
- It is all a bit too cluttered, but that’s probably because they have to cram a lot of information on their website.
- When you trade with easyMarkets, the user interface is much the same as a binary option.
- The broker offers its own intuitive web platform easyMarkets, which does not require installation on a computer.
However, depending on the destination of the withdrawal, it may take between 3 to 10 business days for funds to arrive. Customers should consult the Deposits & Withdrawals section of the easyMarkets website for details about withdrawal times. Deposits by wire transfer may take as much as 5 to 7 days for funds availability, while deposits through Visa and MasterCard are the fastest.
EasyMarkets customer support may be reached via phone, e-mail, live chat, or assorted messenger apps. Facebook, Twitter, Instagram, etc., and contact can also be made in that manner. Support hours are not provided, but normal business hours are assumed.
This gives you an extra piece of mind as you know that irrespective of how volatile the markets, you will be stopped out and your loss limited. Of course, leverage is a double-edged sword and you want to make sure that you have implemented the correct risk management procedures to limit potential downside potential. You can run the same calculations on the other assets that are available to trade on the web platform. Of course, those assets that are more volatile will have a lower leverage limit. The first thing to note about the VIP status is that it can attained with a relatively low initial deposit. Compared to many other brokers which require $20,000 plus, easyMarkets has a pretty strong selling point at $2,500.