In this sense, this brokerage one of the best, and that’s another reason I might recommend it to a beginner. Easymarkets was my first foray into forex and trading in general. Unfortunately, today I received a call from them telling me that they are no longer able to serve my area due to local regulatory changes. So, since I can no longer trade with them, I decided to share my experience. Excessive leverage is the opening of a position that requires a margin that is nearly all of the free balance. This strategy significantly heightens the danger of the clients’ account ending up in a sizeable negative balance.
We have tried to contact you many easymarkets broker reviews to assist you with your account, however we cannot reach you. Please note that you can close any of your open trades separately by choosing the one you would like to close individually on the platform. Please contact our customer support team via our website on Live Chat or email us at [email protected] so we can have more details on the issue you are facing and help you. Overall, our impression of easyMarkets was quite positive despite some small disadvantages. EasyMarkets review shows a brokerage company with a long operational history and absolutely fair and transparent trading conditions.
Whilst they are one of a limited choice of fixed spread brokers, I did notice that they have strict terms and conditions that you need to follow. I feel this could restrict some trading strategies and does mean that you might not always get access to the fixed spreads on offer. For example, if you are scalping forex during hours of low volatility , the fixed spread would generally be lower than the actual market spread.
More so, its innovative business model provides one safe trading conditions for investors in the events of high risk market volatility and events of international economic crises. All that ensures the traders’ safety, especially to those who trade in volatile conditions. The MT4 trading platform is offered to traders, but easyMarkets fails to provide any of the required and critical third-party plugins which are necessary to unlock full functionality. MT4 is still one of the most popular trading platforms available, given its full support for automated trading solutions and back-testing functionality. The primary MT4 platform, as provided by this broker, lacks core features and represents a sub-standard trading portal. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Does easyMarkets accept Neteller?
The only snag is that it takes a few days for the process to be completed. Fund deposits and withdrawal requests are available on the platform. Traders’ sentiments or inside viewer gives traders an insight of what other traders are buying and selling.
You can avail of this account only if you pass the requirements of easyMarkets for eligibility. This account unlocks most restrictions placed on retail-level accounts. In trading, first, you need to choose a market you would like to trade on. Choose an asset on the platform, then select the size of the right position for your account. Invest in rising or falling markets in selecting either buy or sell to open a position.
Following its obligations to customers, easyMarkets has always remained transparent, reliable and regulateda regulated financial service provider. Regulatory obligations require the highest level of security for customer funds. 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.
What is the maximum leverage in easyMarkets?
In this fast-paced world of financial markets and trading, you will need guidance to make proper decisions. A professionally lead investment program could aid you in minimising any potential losses and maximising any profits. It’s crucial to understand about any broker until you trust them with your money. The Easy Markets Broker groundbreaking proprietary trading platform is unlike others in the industry. It is 100% web-based, meaning that there are no downloads here.
You can trade 14 CFD global indices such as the S&P 500, FTSE, NIKKEI, DAX, NASDAQ. Indices offer a mixed portfolio of top company stocks and are therefore considered a diversified product. They are separated into specific economies and can be impacted by interest rates, jobs data and strength of currencies. The inside viewer is a sentiment tool that will show what percentage of other easyMarkets are buying or selling a particular trading instrument. Sentiment analysis is often used as part of a contrarian trading strategy.
It is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell securities or stocks. You can take advantage of this leverage without having to worry about stop losses. Your risk remains limited by how much money you’re willing to put at risk up front and you can still enjoy unlimited potential profit on each trade.
If you’re looking for a sleek, professional, and wide-ranging trading platform, then easyMarkets should be at the top of your list. The forex and CFD trading on offer is exceptional and there are few markets that you won’t be able to find. However, their cryptocurrency offerings are extremely limited and considerably below anything we have seen from brokers with a comparable history and reach. With MT4, MT5, and its own in-house platform all available, easyMarkets offers support for more trading platforms than most brokers. Additionally, easyMarkets’ in-house platform integrates with TradingView, adding advanced functionality. This account has a minimum deposit of 25 USD, making it accessible to most traders.
easyMarkets Metal Spreads
You’ll also find MetaTrader 4 and easyMarkets’ own web-based and mobile platforms at your fingertips. Traders with a large trading capital can open a VIP account at easyMarkets by making a minimum deposit of $20,000. However, we believe that most modern traders are looking for ECN conditions for larger account equities, in order to prevent any conflict of interest with their brokers. On the contrary, if you are looking for fixed spread trading conditions for a sufficiently large trading capital, easyMarkets is certainly a good choice. Traders are also provided the option of downloading the MT4 terminal for their trading needs, which was only recently included in the easyMarkets platform lineup.
- As of 2020, easyMarkets also extended their dealCancellation feature to be applied up to 6-hours after submitting a trade.
- EasyMarkets is a brokerage company with a long history and transparent trading conditions.
- Traders who fall below the easyMarkets margin requirements risk receiving a margin call and having their position closed prematurely.
- If you feel that easyMarkets is not right for you then at the bottom of this easyMarkets review you will find a lot of alternatives to easyMarkets.
- Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated.
This applies no matter what method or account you are signing up for. EasyMarkets also provides a standard assortment of market analysis products, but only the blog section is curated by in-house analysts. EasyMarkets also provides Trading Charts which offer very little insight, a list of live currency rates, and a basic Economic Calendar. The Free eBooks section is a repository of 10 eBooks available to easyMarkets clients – topics covered include technical analysis, trading psychology, MT4 guides, and vanilla options.
EasyMarkets offers CFD trading in a variety of asset classes including forex, metals, agricultural goods, energy, indices, and cryptocurrencies. Deposits and withdrawals remain free of charge, but third-party fees may be applicable. Traders have plenty of choices, which include bank wires, credit and debit cards, Skrill, Neteller, Sofort, as well as several regional-only options.
Broker to Trading
Trading costs will vary depending on the type of account chosen and spreads are fixed across both the web platform and MT4. Dear Patrick Ekene Onwuegbule, thank you for reaching out to us. You have confirmed that you acknowledged the Client Agreement when registering a trading account with us. We invite you to review again the “Unauthorized Activities” section on the Client Agreement Page 19, section 9 and Paragraph 9.2 . Please contact us via email at so we can explain this in detail if something is still unclear to you. In addition to the trading software, the broker constantly develops enhancing tools and delivers vast add-ons to the trading platforms.
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On the contrary, if you learn how to use a proprietary platform, you would need to start from scratch if you were to change brokers. I use MT4 for both manual and automated trading with expert advisors. I have never felt the need to upgrade to MT5 as it can do everything that I need it to and more. I haven’t even touched the surface when you consider the huge range of trading tools you can add to the platform that have been developed by other traders.
If you are looking for a leader in the industry that prides itself on simplicity, transparency, and customer loyalty, then easyMarkets might be the partner for you. The firm’s innovative proprietary trading platform is worth a look. It has been stripped down to the very basics, while still being augmented with unique features like “Inside Viewer”. The broker also supports the highly popular Metatrader4 product line, as well.
The applicant will be required to complete a short online registration form and set up a unique account password before the process can continue. EasyMarkets has a rating of 1.9 stars from 10 reviews, indicating that most customers are generally dissatisfied with their purchases. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Log into your account and go to My easyMarkets Funds Management. If you have deposited via credit or debit card, your funds will be returned to the same card.
Everything is quick and fairlt https://traderoom.info/ to understand even for beginners. It is unfortunate that you feel this way since throughout your trading activity with us we supported you and provided you with any assistance required. They told me that when they told me they were restricting my account deposits. So many times I tried to close a position and I got an error message which cost me money. I closed my account today and gave specific instructions as to where the refund should be made and that if that was not going to be followed to notify me immediately. Failure to comply with my specific requirements has cost me a bunch of money.
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Beginners can take advantage of a large variety of educational material and videos, which include tutorials and basic one-on-one education. Demo accounts can help you practice trading and you can test out easyMarkets’ web trading platform with a trading simulator. Use easyTrade by selecting an asset, an expiry time that is one hour by default , how much you wish to put at risk and whether you think the market will go up or down.
Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how easyMarkets scored in each of our high-priority categories. EURUSD spread is 1.4 pips on the MT4 and 1.5 pips on the web/app platforms. The latter name is actually the re-branded new look and feel of the former. EasyMarkets provides Forex, Commodities, Metals, Indices, Cryptocurrencies, Shares and Vanilla Options CFDs and offers its user friendly easyMarkets Platform, MT4, MT5 and TradingView.
EasyMarkets leverage levels, as always they are depending on the instrument you trade or platform you use and are also defined by regulatory restrictions. Our Ranked easyMarkets Trust Score is 8.8 out 0f 10 for good reputation and high compliance with the jurisdiction, the broker is regulated by two top-tier regulators with strong requirements. The only disadvantage is international trading available via the offshore entity. Yes, easyMarkets is a safe trade due to its high regulatory standards, is operating through a few regulated entities in its established jurisdiction, and is not a scam.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.