easyMarkets Review 2023 Forex broker with fixed spreads
Both are viewed as Pros or Cons based on the individual trading style. GSLO (Guaranteed Stop-Loss Order) feature is offered fee-free. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. All features are linked together and accessible from a single screen.
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- Since 2001, easyMarkets has been offering traders around the world innovative features, flexible trading platforms and over 200+ global markets.
- We include different instruments and holding positions overnight.
- Of retail investor accounts lose money when trading CFDs with this provider.
- EasyMarkets offers a limited range of trading tools compared to other brokers, but it provides excellent risk management and technical analysis tools.
Both platforms are available as a dedicated easyMarkets mobile app for iOS and Android enabled devices, which covers a majority of the smartphone and tablet market. EasyMarkets does have a reliable and high-speed trading experience, which is backed by guaranteed order execution policies on both trading platforms. EasyMarkets is a well-regulated non-dealing desk market maker with a large Forex offering and a unique suite of risk management tools.
Brokers By Licenses
After that Easy Markets remove $5697 profit from my account.They did my profit trades 0. Easy Markets change my account Statement and block my account so that i cannot trade. Traders can upgrade to a real account by tapping the ‘My Account’ menu item at the bottom of the screen and selecting the ‘Make a Deposit’ button. EasyMarkets processes all withdrawal requests within a day of receiving them. However, depending on the destination of the withdrawal, it may take between 3 to 10 business days for funds to arrive.
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Support hours are not provided, but normal business hours are assumed. Overall, we were satisfied during this easyMarkets review to see that customer support appears easily accessible, if needed. On the MT4 platform, easyMarkets provide expert analysis and trading signals. It is provided in partnership with Trading Central; a leading research and financial markets analysis and fintech firm that provides expert analysis on a wide range of markets.
EasyMarkets Demo Account
I lost so much time and money with easymarkets having to migrate from one screen to another so I could get an idea of the real picture. Their prices were so out of kilter with the real market confusion reigned supreme. I like their fixed spread, it never changes which makes me trade easily because am aware of my trading expence even before opening any position. I hate variable spreads because sometimes they can manipulate to trigger your sl. Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options trader for multinational banks and proprietary trading groups. Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange.
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However, https://traderoom.info/ will still have access to analytics with technical indicators, graphical objects, a full set of trading orders, and functionality to close and modify existing orders. The MT4 Standard Account has a minimum deposit of 25 USD, and spreads are fixed at 1.7 pips (EUR/USD), which is average for the industry. The MT4 Premium Account has a minimum deposit of 2000 USD, and spreads are fixed at 1.2 pips (EUR/USD), which is average for the industry.
Mobile Trading App
Another condition offered as a standard feature on easyMarkets accounts, this ensures you are protected when you trade. At the time of this review, easyMarkets offered three promotions; a first deposit bonus, a partnership programme, and a refer-a-friend bonus. DealCancellation is essentially an innovative albeit disingenuous way to charge traders unnecessary fees, and a solid marketing medium for inexperienced or naive traders.
In these instances, you are paying a spread, funding speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker. Contracts for Difference trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose.
Professional Level Account
To be precise, never invest in or trade with an online broker blindly, instead check its credibility. In our review, we found that easyMarkets is no ordinary broker and has almost two decades of expertise in online trading. Trading forex demands having in-depth knowledge of the forex market to be able to make an informed decision. How can you act like a dictatorship with someone’s money and you call yourselves a good broker.
This means that you can easymarkets broker review in a secure environment and get access to very competitive trading conditions. The broker is primarily focused on providing you with fixed spread trading without any commission fees. They one of the few brokers that have fixed spread accounts.
Very High Spreads – The spreads of this broker are far too high- there are many other brokers to choose from that are offering much better choices. On the product I trade their spreads are around 4 points wider than the provider I have changed to. As you have already been informed you are allowed to trade with easyMarkets but without the use of Expert Advisor.
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Traders who fall below the easyMarkets margin requirements risk receiving a margin call and having their position closed prematurely. See this list of easyMarkets instruments for up-to-date maximum leverage allowances. 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.
It only provides the basics that traders will require, while still offering unique features such as “Inside Viewer”. As its name implies, easyMarkets is very easy to use, and if you’re on the hunt for the best online broker, it’s simple to open an easyMarkets account. Its web-based trading platform is remarkably straightforward and a free demo account is available for simulated trading.
I think they have a reasonable range of trading instruments and you will also find some innovative trading tools to assist with your market analysis. Beginners can browse through a decent selection of educational content, including guides and videos. You can choose from 2 account types and convenient funding options.
On our website, you can see that some users have reported scams. EasyMarkets is an online forex broker registered in Cyprus, well regulated by ASIC and CYSEC and has a history more than a decade. EasyMarkets can be reached through emailTrade more than 3,700 markets without commissions and professional platforms. You can reach their support through Facebook Messenger, WhatsApp, Viber, and Live Chat on their website.
EasyMarkets does not detail on its website additional trading costs such as spreads, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with easyMarkets, we recommend that you take the time to calculate these transaction costs. However, we can see that all accounts in easyMarkets have no commissions. EasyMarkets does not charge any fees for funding or withdrawing from your account.
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.
- After launching in 2003, their consumer base has become as large as 142,500+ clients.
- Costs can be calculated prior to taking a trade due to the fixed spreads and no slippage on their web platform.
- As a beginner-friendly platform, easyMarkets have also made a wide array of educational and learning resources available to help you sharpen your trading skills.
- VIP account holders can avail themselves of 1.8 pips spread for all major pairs.
- This is followed by a set of questions checking your background and financial knowledge.
The consequences of breaching one or more of the conditions, deemed as ‘unauthorized activities’, include but it is not limited to the suspension or closure of trades. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss.
EasyMarkets’ strong customer service department offers support via live chat, email, fax and telephone 24/5 throughout the trading week. Its range of live chat features includes Facebook Messenger, Viber, What’s App and a web-based live chat. EasyMarkets charges no commissions on trades, just a fixed dealing spread. You can trade a wide variety of assets and spreads, including forex, metals, indices, commodities, cryptocurrencies and options.
The educational section offers more value and is separated into five categories. A mix of videos and written content is accessible, and one division is devoted to the psychology of trading, which may be the first positive development at this brokerage. Freeze Rate allows traders to freeze the displayed price for a few seconds and provides evidence of a simulated trading environment within the easyMarkets webtrader platform. At the time of writing, there is a first deposit bonus, a refer a friend bonus, and a partnership program.
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We use dedicated people and clever technology to safeguard our platform. The helpdesk rep eliana has been of great assistance to provide me with info required in a very short time . She was helpful and seem to understand her assigned task very well by first seeking clarification in order to speedup the follow on processes. She also extended her service to further help in executing the task which i could very well do at my end but may not be as fast. This works like this, when you open a Buy position your deal will open at the Sell price and when you open a Sell position your deal will be opened at the Buy price. This is the reason why all positions are open with an initial negative profit and loss.