Easy Markets, a multi-asset broker and the best forex trading platforms for beginners, was established in 2001.After more than 21 years, easy Markets has expanded to provide individual investors with CFD trading, forex trading, currency trading, stock trading, trading in benchmarks, and trading in cryptocurrencies. The headquarters of easy Markets is in Cyprus, Australia.
Finding a broker who can meet your demands when trading on the financial markets might take a lot of time. In this easy Markets review, we’ll analyze the platform in detail and evaluate how effectively it serves traders in 2022 as a global platform for trading numerous financial assets.
You frequently have to visit and read numerous broker websites that use different language constructions. The language might be highly ambiguous. It can be challenging to select an online broker like easyMarkets. A newcomer’s first few obstacles may be a complicated mobile or online trading platform, difficult-to-understand financial jargon, and complex cost structures. In our easyMarkets review, we list the benefits and drawbacks. What can easyMarkets provide, and in which countries is it accessible? Who regulates easyMarkets and more?
Benefits of trading with easyMarkets
· Extensive selection of trading instruments.
· Several ways to add money to an account and withdraw money to a personal card or digital wallet.
· Additional features, such as tools for in-depth market analysis, risk management, an economic calendar, news, etc., make a trader’s job easier.
· The well-known Meta Trader 4, the broker’s platform, and trading from a mobile device are just a few of the trading platforms available.
· Training materials, a course with checks along the way, and a certificate after the procedure are finished successfully.
· Opening an account and registering on the website takes only three minutes.
EasyMarkets’s drawbacks
· The absence of investing services and facilities for copying trades.
· There are few options to get support.
· The magnitude of the spread is influenced by the trader’s account type and trading style in addition to the asset being traded.
Fees and Commissions
Account types: easyMarkets offers three account types: a web platform, Meta Trader 4 (MT4), and a VIP account. Trading costs (spreads + any commissions) differ for each account type, and spaces are fixed (not variable).
Minimum and Spreads: EasyMarkets’ VIP account, which takes a $2,500 deposit ($100 for residents of the EU and UK), and its web platform, which requires a $250 deposit, both have the most affordable price. On the EUR/USD pair using the MT4 account and the easyMarkets platform, both versions have fixed spreads of 0.9 pip.
Fees
Spreads and pricing are open to users’ inspection and transparent (Some are listed in our data panel on this review).
Although the accounts each trader has access to will vary depending on their location, choosing an account type can also affect spreads.
Deposit Methods for Payment
EasyMarkets is appropriate for consumers everywhere because it accepts a wide range of online banking options for payment. With the ability to deposit money through wallets like Neteller, Skrill, Webmoney, ideal, and Fasapay, as well as bank payments like SOFORT, Bpay, and Giropay.
Users can also choose to use bank transfers for deposits and withdrawals, although these can take up to three working days. No commission fees are associated with funding your account, and most deposit methods are processed instantly.
Before any payments are authorized, account holders must be confirmed following regulatory requirements. It is necessary to provide both identity and address proof. EasyMarkets could need more evidence if a credit card were used to finance the account.
Withdrawals
EasyMarkets is one of the best forex trading platforms for beginners supports several withdrawal options, like deposits. But withdrawals have to be processed using the same method as the initial deposit. The minor withdrawal is £50. The easyMarkets platform processes payments promptly. The accurate documentation of every withdrawal enables users to monitor their history.
Since easyMarkets does not currently charge withdrawal fees, it is a common choice among traders worldwide. Users are recommended to check on the official website to confirm that they can withdraw in their preferred currency since the company is constantly adding new ones.
Conclusion:
EasyMarkets, a reputable broker with nearly 20 years of trading expertise under its credit, is an essential but welcome platform with several advantages over its rivals.
Furthermore, it is governed by numerous financial conduct regulators worldwide. This offers its users security and protection and shows that easyMarkets is eager to conduct business honestly and openly.
