easyMarkets [2021: Review]: The Easy Way To Trade

August 8, 2020
Brokers
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easyMarkets is a broker and application that was established in 2001 and which today operates in over 150 countries. easyMarkets offers plenty of forex, crypto, stock and commodity trading options and it offers amazing customer service with dedicated account managers. Moreover, the broker offers plenty of deposit and withdrawal options without any deposit or withdrawal fees. The decent fee structure and the strong educational resources mean that you can learn to trade different assets successfully and do so profitably. Click the link below to join now to gain access to a plethora of assets.

However, if you are looking for a holistic platform that offers a wide array of assets at the best rates then you should consider Capital.com as it offers a diverse range of over 1,700 stocks & ETFs, 100’s of bonds, plenty of cryptos and over 25 commodities. With one of the best and most affordable fee structures coupled with the most comprehensive educational resources, Capital.com promises to be a good platform for your trading needs.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with easyMarkets and scored our findings on a 10-point scale across 10 distinct categories.
 easyMarketsCapital.com
1 - Fees610
2 - Signup Process910
3 - Minimum Deposit1010
4 - Ease of Use810
5 - Deposit & Withdrawal Options1010
6 - Customer Support1010
7 - Asset Classes710
8 - Referral Program81
9 - Demo Account & Educational Resources1010
10 - Safety & Regulation1010
TOTAL8891

easyMarkets Introduction

easyMarkets was initially launched in 2001 as easyForex. During that time it was only among a handful of platforms that operated online. The broker also rebranded its name from easyForex to easyMarkets as it sought to diversify its product offerings for its customers. easyMarkets offers plenty of assets, with amazing customer service and good educational resources.

easyMarkets is available in more than 150 countries across all continents, all of which are listed below.

AlbaniaAlgeriaAndorraAntiguaBarbuda
ArmeniaAustraliaAustriaAzerbaijanBahamas
BahrainBangladeshBarbadosBelarusBelgium
BeninBhutanBoliviaBosniaBelize
HerzegovinaBotswanaBrazilBruneiBulgaria
Burkina FasoCape VerdeCameroonCanada (excl Ontario, BC, Manitoba)Central African Republic
ChileChinaColombiaComorosCosta Rica
CroatiaCubaCyprusCzechiaCzech Republlic
DenmarkDjiboutiDominicaDominicanEcuador
EcuadorEl SalvadorEswatiniFinlandGabon
EgyptEstoniaFijiFranceGambia
GeorgiaHondurasJapanLatviaMadagascar
GermanyHungaryJordanLebanonMalawi
GhanaIcelandKazakhstanLesothoMalaysia
GreeceIndiaKenyaLiberiaMaldives
GrenadaIndonesiaKiribatiLiechtensteinMali
GuatemalaIrelandKuwaitLithuaniaMalta
GuineaItalyKyrgyzstanLuxembourgMarshall Islands
GuyanaJamaicaLaosMacauMauritania
MexicoMyanmarNew ZealandNicaraguaParaguay
MicronesiaNamibiaPalauNigerPeru
MoldovaNauruPalestineNigeriaPhilippines
MonacoNepalStateNorthPoland
MongoliaNetherlandsPanamaMacedoniaPortugal
MontenegroRawandaPapuaNorwayQatar
MoroccoSt KittsSaint LuciaOmanRomania
MozambiqueSamoaSaint VincentPakistanRussia
GrenadinesSan MorinoSierra LeoneSoloman IslandsSaudi Arabia
SerbiaSenegalSeychellesSouth AfricaSouth Korea
Sri lankaSpainSlovaniaSlovakiaMacedonia
SingaporeNicaraguaNigerNigeriaTunisia
SurinameTajikistanUKUzbekistanTurkey
SwedenTanzaniaVanatuTaiwanTuvalu
SwitzerlandThailandVietnamUkraineUganda
ZambabweUAEZambia  

While easyMarkets is one of our highest ranked brokers and offers services to a wide variety of countries there are some other brokers as well that provide good coverage. For instance, If you are someone in Africa or Asia and are looking for a good broker, do check out IQ Option and NordFX as well, as these brokers cover a lot of African and Asian nations and offer some decent value for traders across regions. We also recommend you to have a look at CMC Markets as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback.

easyMarkets Pros & Cons

Let’s have a quick look at pros and cons to see if it is right for you.

ProsCons
Plenty of asset choicesSlightly expensive fee structure for forex
Great customer serviceCrypto options are limited
Regulated by tier-1 regulatorsSlightly expensive rates for some commodities
Plenty of deposit and withdrawal options 
No deposit & withdrawal fees 

One of the greatest pros of easyMarkets is the amazing customer service that they offer. For instance, they have a dedicated account manager to help you trade, something not offered by most brokers. Another great thing is that you do not have to pay any deposit and withdrawal fees for using the platform. The broker is also regulated by tier 1 brokers like ASIC that lend it credibility.

One of the cons for this broker is that some assets such as commodities and some stock index options can be slightly expensive to trade. However, it is a common issue with brokers that not every asset they have provides a good price and you have to pick and choose the assets that provide good value.

easyMarkets Account Types

easyMarkets offers three different account types for different types of users. Let’s dissect them one by one to see which one may be right for you.

Standard Account

This is easyMarket’s basic trading account. You can get started with fewer funds than other account types and you’ll get a maximum leverage of 1:200 via the web trading platform.

Premium Account

The Premium account is better than the standard account with respect to lower spreads however, the leverage that you can take is similar to the Premium account. Premium account is designed for professional traders who trade larger volumes.

VIP Account

The VIP account has lower spreads than the Premium account. It has similar leverage rates as the other 2 accounts. Apart from that, there are no differences from the other 2 account types. VIP Account is for professional traders who trade very high volumes.

Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 Fees

The fee structure for easyMarkets is quite detailed and provides some good value for trading various assets. Let’s have a look at the different dimensions to see how the fees category rank up compared to other brokers and if the broker is a good fit for you.

Trading Fees

These fees refer to activities related directly linked to trading activites such as trade commissions and spreads. Trading fees often are one of the most important decision points for our readers when electing a broker to be their broker of choice.

easyMarkets Forex Spreads

Let’s have a look at the forex spreads offered by the broker. as they are a very commonly traded asset by most brokers. Forex fees for some of the commonly traded currencies on easyMarkets are illustrated in the table below.

Forex PairMinimum Spread in pips
EUR/USD1.2
GBP/USD1.7
USD/JPY1.5
NZD/USD2.7
EUR/GBP2.0
GBP/JPY4.0
EUR/JPY2.2

The minimum spread rate at which you can get started with trading is 1.2 pips which are slightly high. The forex rates generally are slightly on the expensive end even if we compare other currencies in the table. For instance, you can get started with trading at lower spreads with Tickmill. On the other hand, easyMarkets spreads are comparable to most brokers such as Hotforex.

easyMarkets Commodity Spreads

CommoditiesMinimum Spread pipsUnits in Contract
OIL/USD41,000 OIL
GAS/USD100100 GAS
SOY/USD20050 SOY
BRT/USD41,000 BRT
WHT/USD14050 WHT
CRN/USD13050 CRN

The commodity rates offer some good value for OIL/USD and BRT/USD. However, trading gas, soy, wheat and corn can be slightly more expensive comparatively, but it is understandable in the case of corn since it is not traded as much as Oil. However, wheat is a common commodity offered by most brokers and easyMarkets is generally expensive in-terms of spreads for this particular commodity.  Trading with commodities can be risky so we recommend that you do your due diligence before dabbling into the commodity trade.

easyMarkets Stock Indice Spreads

easyMarkets offers stock indices from 5 major markets. The spread rates and the units in each contract for trading in different markets are illustrated in the table.

IndicesMinimum Spread PipsUnits in Contract
S&P/USD150 USD
DOW/USD615USD
NDQ/USD2.2520 USD
FTS/GBP2.410 GBP
NKI/USD125 USD

The table above mentions some of the rates of trading with different stock indices.  Most of the rates offered provide some great value such as trading in the S&P/USD however, trading in DOW & NKI can be comparatively expensive. Generally, easyMarkets does a good job of providing value for adding stock indices to your portfolio.

easyMarkets Stock Index Spreads

Let’s discover the kind of spreads the broker has for stock indices. Usually, stock index spreads are either too expensive or quite affordable for particular indices. The spreads are as follows:

Stock IndexPip
US 500 (SPI)0.5 USD
US 30 (DOW)5 USD
US Tech (NDQ)0.2 USD
UK 100 (FTS)1 GBP
EU Stocks (ESX)10 EUR
France 40 (CAC)1 EUR
Swiss 20 (SWI)5 CHF
Australia (ASX)25 AUD
Japan 225 (NKI)5 USD
Hong Kong 40 (HSX)50 HKD
China 50 (CNX)2 USD
India 50 (IND)1 USD
USD Index (USX)1 USD

There is some amazing value for the USD Index and the SPI index however, some of the other spreads can be a bit expensive like the HSX one. However, generally, the value provided is decent for most indices. Hence, if you are a broker who likes to trade stock indices then you may want to have a look at easyMarkets as a potential broker.

easyMarkets Non Trading Fees; Deposit, Withdrawal & Inactivity Fees

In case you do not have any trading activity on your trading account for a period of 12 months or more, easyMarkets will charge you an amount of $25 on a monthly basis. However, if your balance is below $25, your balance would not fall below 0 after the inactivity fee is charged.

There are no deposit and withdrawal fees, which augers well for users as we feel that you should not have to pay to retrieve your own funds.

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.

Final Verdict easyMarkets Fees

The fact that the broker has an inactivity fee can be a bit annoying for some traders. Moreover, it has a slightly expensive fee structure for some forex pairs. Similarly, the fee structure for particular indices and a couple of expensive commodities like corn, wheat and soy means that the broker scores only a 6 here rather than a more substantive score here.

easyMarkets Fees Score: 6/10

#2 easyMarkets Signup Process

The sign-up procedure for easyMarkets is pretty simple and self-explanatory. You can easily apply for your account online. The procedure will help you in quickly getting signed up. The signup procedure can be completed online and just takes a few moments of your time. However, the verification of your account tends to take up to 1 business day.

You need a few basic documents for the verification of your account which may include:

  • Valid Passport
  • National Identity Card
  • Drivers License
  • Birth Certificate (if under 21)
  • Government Issued Age of Majority Card

How We Rank The Signup Procedue

We ranked the signup procedure based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded
  • Number of documents required
  • The time the verification process takes

The easier an account opening process is without unnecessary checks the higher the score is for this dimension.

Final Verdict On easyMarkets Signup Procedure

The fact that it takes one business day to signup with easyMarkets means that the broker loses a point in this dimension because there are brokers that verify your account within a few hours.

easyMarkets Signup Process Score: 9/10

#3 easyMarkets Minimum Initial Deposit

The minimum initial deposit that you need to get started with your easyMarkets account is $100. This is a good limit with which you can get started, meaning that both novice and experienced traders can easily get started with trading on easyMarkets. The fact that you can get started with a deposit of only $100 means that the broker does well in this section. However, if you want to get started with less, do check out Webull, IronFX & Qtrade as these brokers have no minimum initial deposit at all.

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker’s services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

Final Verdict easyMarkets Minimum Initial Deposit

The fact that you can get started for $100 means that the broker does well in this category as it allows people from any background to test out the platform hence, the score for this dimension is a perfect 10 without any issues.

easyMarkets Minimum Initial Deposit Score: 10/10

#4 easyMarkets Ease of Use

The easyMarkets platform can be accessed via Playstore, Android and desktop. easyMarkets has good ease of use features that help the users in enjoying their trading experience. A sample dashboard can be seen in the picture below. You can easily see that the view is uncluttered and shows the variation in the price of the asset. Moreover, you can also use advanced statistical techniques and methods such as stochastic distributions to predict future price and analyze the different features of your asset’s price

easyMarkets

easyMarkets Mobile Platform

easyMarkets has its own proprietary app for Android and iOS, which can be downloaded from the broker’s site or from the Google Play Store and Apple App Store. The app has a clean design that mirrors its web-based counterpart. You can even sync features with other platforms like the web application. For instance, you can export your watch list from the web platform to the mobile platform. This provides some amazing flexibility and usability for users looking to use the easyMarkets platform.

easyMarkets Trading Features

easyMarkets Charting Tools

The charting tools in easyMarkets are quite advanced and they can help in the prediction of the price of an asset. The good feature about the charting tools is that they give you an average value, an upper limit and a lower limit. For instance, the red line shows the prices predicted by a stochastic distribution and the line above it and the line below it represents the limits of the model. A component that we can observe in the picture below is that the stochastic model seems to be overestimating the price slightly towards the end of the timeline.

Moreover, charting is powered via the Trading View section of the apps, which offers a total of 81 indicators that the web version of the easyMarkets platform offers.

easyMarkets realy good

easyMarkets NewsFeed

The newsfeed feature helps users stay in touch with the latest events that can impact the prices of their assets. The newsfeed feature can be used in conjunction with features such as stochastic modelling to get advanced models based on theory and data for effective business and trading strategies. The final score is a decent 8 because of the simplicity and the thoroughness of this dimension.

Other Useful Features

Now that you have an idea of the main features offered by the broker. Let’s have a look at some fringe benefits of using easyMarkets that can really help you in customising your experience according to your needs and requirements.

Watch List

A watch list helps you keep track of all the important assets that you want to keep track of. This can help you in making important decisions such as knowing when to buy or sell an asset based on your buying and selling preferences.

Syncing with web-based account

The advantage of this feature is that you can sync other features like watch list with the mobile application of easyMarkets. Keep in mind that this is applicable for the proprietary platform and may not be applicable for the Meta Trader 4 platform.

Chart indicators

This feature consists of added features like moving averages or box and whisker trends of your asset over time. There are almost 81 features for the easyMarkets platform which have got you covered if your a stats nerd or someone who loves analysing long term statistical trends.

Draw trend lines

Most charting tools have trend lines but easyMarkets lets you draw your own. An amazing advantage of this is that you can draw your own trends to get deeper insights into upswings and downswings associated with your asset.

Moveable trend lines

You can change trend lines to observe different events. Its one of the customizability features which really helps you when analysing different asset prices.

Multiple time frames

You can also track your assets with customized time periods which generally helps in looking at time periods that you are interested in. This really helps you in minimizing noise and not looking at time periods that you are not interested in.

Forex calendar

You can also look important events on your forex calendar. This really helps you in looking into different events that you want to track. This can remind you to make important buying and selling decisions based on your preferences.

Meta Trader 4 Platform

One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.

MT4 Web & Desktop Trading Platform

The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.

MT4 Mobile Trading Platform

Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.

MT4 Platform Languages

The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:

ArabicGreekPersianGerman
BulgarianHebrewPolishMongolian
ChineseHindiPortugueseThai
CroatianHungarianRomanianTraditional Chinese
CzechIndonesianRussianTurkish
DanishItalianSerbianUkrainian
DutchJapaneseSlovakUzbek
EnglishKoreanSlovenianVietnamese
EstonianLatvianSpanish
FinnishLithuanianSwedish
FrenchMalayTajik

As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.

Charting Tools

The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.

Multibank

Simplistic Procedure of Placing Trades

The process to trade is also simple and can be illustrated by the simple step by step procedure below illustrating how to open day trades:

  1. First, log into your account.
  2. Select the Indices tab at the top of the screen.
  3. You will notice that the Rates Table on the left changes to Indices. You can customize your indices table in the same way you can customize your currency rates table.
  4. Select which Index you wish to buy or to sell.
  5. Select the contract size you would like to trade (note that the position size is defined as the number of contracts – the next section describes how to find the value of a contract)
  6. Select your margin to risk from the drop down menu
  7. Your Stop Loss is set automatically according to the margin you have chosen to risk. You can change this after you’ve opened your deal by clicking ‘modify’ in the My Position area
  8. Click ‘Buy’ or “Sell” to open the deal.
  9. The expiry date of the contract is shown in the trading ticket
easyMarkets Day Trades

Although the procedure to place day trades may seem a bit extensive, but its actually quite easy once you login to the platform and perform one or two trades.

How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.

Final Verdict easyMarkets Ease Of Use

The broker has an amazing interface with a lot of statistical features and customizability. The customisability features offered are unique aswell for instance, you can sync features across platforms. The only reason the broker loses a couple of points here is that the broker can improve the graphics of its platfrom.

easyMarkets Ease of Use Score: 8/10

#5 easyMarkets Deposit & Withdrawal Options

There are plenty of options that easyMarkets offers you to deposit and withdraw your funds. Depositing your funds and withdrawing them is absolutely free.

Credit & Debit Cards

The table below illustrates some of the credit cards and debit cards that you can use to deposit & withdraw funds as an easyMarkets customer.

Credit/Debit CardsCountriesProcessing Time
VisaAll countries excluding ChinaInstant
MastercardAll countriesInstant
MaestroAll countriesInstant
American ExpressAll countriesInstant
JCBEurope onlyInstant
AstroPayAll Countries excluding EU & AustraliaInstant

The options provided cover all the countries in the world. However, there are a couple of region-specific options such as JCB and AstroPay. This is one of the brokers that offer more options in terms of credit/debit card withdrawals and deposits.

E-Wallets

easyMarkets also offers a wide range of e-wallets that cover you to deposit or withdraw your funds. The options include:

eWalletCountriesProcessing Time
NetellerAll Countries that Neteller operates ininstant
SkrillAll Countries that Skrill operates ininstant
fasapayIndonesia only1 working day
STICPAYAll countries excluding Europe and APAC1 working day
Web MoneyMalaysia only1 working day

The e-wallet range offered by easyMarkets covers almost all the nations in the world. This is something unique because most e-wallet options offered by brokers often do not cover so many countries.

Online Banks

easyMarkets covers quite a few online banks for clients to deposit and withdraw funds.

Online BankCountriesProcessing Time
SofirtGermany, Austria, Belgium, Netherlands, United Kingdom onlyup to 24 hours
giropayGermany only2 hours
iDealNetherlands onlyInstant
Local Bank TransferAs per EU countries specified by Ingenico – processor may add/remove countries at their discretion3-5 working days
Local Bank TransferMalaysia onlyUpto 24 hours a day
BPayAPAC only1 working day

In case you do not use any of the banks mentioned above, you can always use local bank transfers however, they can be time-consuming.

Bank Transfer

The option to transfer funds via bank transfer is only avialable in China via:

  • Union Pay
  • WeChatPay

The options is provided to users in China because often many of the other methods are not available in that Asian nation.

The plethora of options available for users worldwide means that the broker scores a perfect 10 because it provides a lot of value to its clients living all over the world in terms of the ways in which they can deposit and withdraw their funds.

How We Rank Deposit & Withdrawal Options

Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:

  • Ways in which you can deposit your funds
  • Ways in which you can withdraw your funds
  • Number of options within different Deposit and Withdrawal Types

We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

Final Verdict easyMarkets Deposit & Withdrawal Options

The multiple options available for deposits and withdrawals hold the broker in good stead. The fact that easyMarkets offers options for users in different countries to deposit funds in the way that they seem fit means that the score in this dimension is a perfect 10.

easyMarkets Deposit & Withdrawal Options Score: 10/10

#6 easyMarkets Customer Support

There are plenty of options with which you can avail customer support. You can avail customer support via:

easyMarkets goes the extra mile in customer service by giving you the option to also get a dedicated account manager. With this manager, you can get customized support according to your portfolio and needs. This is a unique feature offered by only a few other brokers like Capital.com and easyMarkets does a good job in helping customers. Support through email, live chat and telephone are also prompt and our email got a reply within 2 hours.

Pros & Cons Customer Service

Pros Cons
Quick Live chatMay not get relevant answers via live chat
Detailed & Quick Response via Phone 
Detailed Response On Email 
24/7 Availability 
Dedicated Account Manager 

How We Rank Customer Support

Customer support plays an important role in getting much needed help. Our criteria takes into account the 3 most pivotal factors considered by our viewers which include:

  • Availabiltiy of Support via Live Chat, Phone & Email
  • Speed & Quality of Response Across Platforms
  • Availability of Customised Support Such as a Dedicated Account Mnager

The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.

Final Verdict easyMarkets Customer Service

The broker covers most of the methods with which you can avail customer service. It offers some really good features for users. The dedicated account manager that easyMarkets offers is something really good that we appreciate as most brokers do not offer this. Because it can really help new users in learning how to trade and they always someone on their side whenever they face an issue. The score for this dimension is a perfect score because the broker covers most of the bases in our scoring criteria for this dimension.

easyMarkets Customer Support Score: 10/10

#7 Asset Classes

easyMarkets offers some decent asset options. Below is a table illustrating the types of assets and options they provide for users.

AssetsChoices
Forex Pairs60
Cryptocurrency3
Shares50 +
Commodities16
Stock Indices14; includingS&P 500, FTSE, NIKKEI, NASDAQ

Asset options are numerous for easyMarkets users. You can trade with a  plethora of options that are really good for users as they have a lot of asset types & options in which you can trade in.

Forex Pairs

easyMarkets offers a list of 60 forex pairs in which you can find major, minor and exotic pairs. This is a good option for users as you have a full range of currencies that you can trade in. Moreover, 60 forex pairs provide some good options to users.

Cryptocurrency

easyMarkets does not offer a lot of options in terms of trading crypto. However, if you just want to stick to trading major cryptos like Bitcoin & Eretheium, easyMarkets has you covered. Moreover, if you want to trade in niche cryptos then you should look towards other brokers. For example, you can trade with over 30 cryptocurrencies using Itrader.

Commodities

easyMarkets is a decent broker for commodities aswell as they offer a moderate number of commodity options for you to trade in. We will discuss commodities offered by the broker in different sections like metals, oil and gas etc below. Let’s have a look at the metals offered by the broker

Metals

The metals offered by the broker include:

  • Gold
  • Silver
  • Platinum
  • Palladium
  • Copper

Options provided for metals include the common options offered by most brokers. However, easyMarkets also offers copper which is something unique not offered by a lot of brokers. If you are a seasoned commodities broker then you probably like the fact that the broker covers the most commonly traded metals.

Oil & Gas

The categories offered by easyMarkets in this category include the following:

  • WTI Oil
  • Brent
  • Gas Oil
  • Heating Oil
  • Natural Gas

Most of the commonly traded entities in this category are included by the broker which offers good value. Heating oil though is an interesting commodity that is not very commonly found in some brokers. However, a word of caution from our side is that oil and gas prices can be very volatile so please trade oil and gas commodities cautiously. We recommend that you do intensive research into price trends and market environments before investing into oil and gas commodities to avoid losses.

Soft Commodities

Let’s have a look at soft commodities offered by the broker:

  • Wheat
  • Corn
  • Coffee
  • Cocoa
  • Cotton
  • Sugar
  • Soybeans

For soft commodities, most of the commonly traded entities are included by easyMarkets so full points to the broker here. The prices of soft commodities can have seasonal fluctuations hence, as with oil and gas we recommend that you do extensive research on the market before investing in them. Soft commodities are an integral part of any commodities-based portfolio and we think that easyMarkets does a good job of covering metals, oil & gas coupled with a decent range of soft commodities for all the commodity trading enthusiasts.

Stocks

easyMarkets offers some really good options in-terms of stocks from different countries. You can buy stocks from many major companies such as:

  • Netflix
  • Ford
  • Facebook
  • Amazon
  • Facebook
  • Tesla
  • Intel
  • Coca-Cola
  • Chevron
  • Visa
  • Cisco
  • Microsoft
  • Mcdonald’s
  • AT&T

The table below mentions the options that you have of buying stocks from different markets.

StocksOptions
USA17
EU10
Australia15
Japan5
Hong Kong5

You can see that you can buy different assets from different markets. Although, there could have been more options for Japan and Hong Kong. However, easyMarkets does provide you with the option of trading with different stocks from different markets which gives you options to diversify your portfolio and hedge against risk.

Stock Indices

Stock indices are always a good way for building diversified portfolios. They help in mitigating risk as you are investing on a weighted aveerage of the best performing stocks in a particular market rather than any individual stock alone. Let’s see what easyMarkets has to offer here:

US 500 (SPI)
US 30 (DOW)
US Tech (NDQ)
UK 100 (FTS)
EU Stocks (ESX)
France 40 (CAC)
Swiss 20 (SWI)
Australia (ASX)
Japan 225 (NKI)
Hong Kong 40 (HSX)
China 50 (CNX)
India 50 (IND)
USD Index (USX)

The broker covers most of the best-performing stock markets of the world. For instance, SPI, DOW 30, CNX, USX and ASX. This offers good value for index traders as they are looking to mitigate risk in portfolios and one way to do so is to invest in good performing indices. Another good thing is that you can also invest in India 50 that allows you to invest in an emerging market aswell. However, currently, the Indian economy is in a bit of a recession so it may not be a good idea to do so currently. However, as with most investment decisions we recommend that you do your research before making any decision.

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
  • Options Provided within each asset class

The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.

Final Verdict easyMarkets Asset Classes

easyMarkets offers some decent variety for forex and stock. However, the fact that easyMarkets does not offer bonds and ETFs makes this broker lose a few points in this dimension.

easyMarkets Asset Classes Score: 7/10

#8 Referral Program

easyMarkets is one of the few brokers that has a good referral program and some of the rewards that you stand to gain depend on your referral’s inital deposit, as shown below:

 Your Friend’s Initial Deposit Your Reward
USD 5,000+USD 750
USD 2,500+USD 400
USD 1,000+USD 200
USD 250+USD 50
USD 100+USD 25

The referral program provides some good value. For instance, if your friend deposits 250 as their initial deposit then you will get a $50 USD return which is a decent return. As you can see, the larger your friend’s initial deposit, the more you earn which can really help you in earning some free funds especially if you are a beginner.

How We Rank Referral Programs

The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.

Final Verdict easyMarkets Referral Program

The referral program scores a decent 8 in this dimension because the broker offers some amazing value. The only reason it misses out on a perfect score is that there are brokers like Alvexo that offer superior value in this category.

easyMarkets Referral Program Score: 8/10

#9 Demo Account & Educational Resources

Let’s have a look at some of the demo and educational resources available at easyMarkets to strengthen your knowledge of tradfing and the financial markets.

Demo Account

easyMarkets offers all its users a demo account to get started. Demo accounts are a great way to train, as you can trade with fake money and test out your skills. There are 2 main advantages to this: Firstly, you gain practice and experience in trading while trying out different strategies. Secondly, you can learn how to use the platform effectively before committing real money.

A good feature of the demo account at easyMarkets is that you do not have a time limit so you can continue to use it as long as you need to practice to improve your skills and strategies.

Educational Resources

easyMarkets offers some solid educational resources to help you strengthen your understanding of trading. The resources offered are unmatched by many brokers except Capital.com which we will cover later in a separate section. The resources offered are as below:

  • Video tutorials
  • Seminars/Webinars
  • Online Courses
  • Books

The purpose of most brokerage apps is to provide the common folk access to the stock markets of the world. A key cog in here is to train individuals as well, something that many brokers miss but easyMarkets does a good job of not only providing a platform but the means to efficiently use it. The resources provided are detailed to train you in the theoretical as well as practical knowledge of trading that can really help you trade efficiently & savvily. Educational resources can be really helpful for someone looking to get started with trading.

Video Tutorials

Video tutorials help you in understanding how the platform works. Moreover, you also get tutorials on trading different assets and how you should trade in different market environments.

Seminars & Webinars

Attending seminars and webinars is a good way to get practical knowledge of trading different assets. Often theoretical knowledge and trends are not sufficient for you to be a successful trader. It is great that the broker offers seminars and webinars to get you knowledge from industry leaders and experts. The platform also teaches you different trading strategies that individual investors use and how you can mitigate risk in different strategies.

Courses

The broker has basic aswell as advanced level courses for trading various assets that can really help one in understanding and gaining in-depth trading knowledge. Not a lot of brokers offer courses but the fact that easyMarkets does it gets a lot of points here for doing so.

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

Final Verdict easyMarkets Demo Account and Educational Resources

The score for this dimension is a perfect score because the broker covers most of the bases to turn anyone into a trading whiz. Not many brokers have as extensive educational resources as easyMarkets so kudos to the broker’s research team for providing such extensive resources for investors using the broker’s platform.

easyMarkets Demo Account & Educational Resources Score: 10/10

#10 Safety & Regulation

easyMarkets is regulated by CySEC and ASIC from Australia among other regulators. The fact that it is regulated by 2 tier-1 regulators holds it in good stead among other brokers because it is subject to strict rules, regulations and policies that it must follow to ensure the safety of its users and stakeholders. Safety & regulations also helps instill trust & confidence in users that the broker they are using is safe and answerable to higher authorities.

How We Rank Safety & Regulation

If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.

Is easyMarkets Safe ?

The score for this category is a perfect 10 because easyMarkets has strong regulation which is good for users and instills confidence in the way that the platform is run.

easyMarkets Safety & Regulation Score: 10/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to Capital.com, which scores 91/100 points across the 10 categories mentioned in this review.

easyMarkets vs. Capital.com

easyMarkets is one of the highest-ranked brokers in our scoring system. They have a wide asset portfolio, a good demo account and some really good customer service. However, there are a few dimensions where our highest ranked broker Capital.com is better than easyMarkets. Let’s have a look:

More Asset Options

When it comes to trading, the more options you have the better it is. Especially in today’s volatile business market one wants to look for potential openings that can help in earning. Capital.com simply gives you that by offering more assets such as bonds, ETFs in comparison to easyMarkets. Even within the asset classes that easyMarkets offers, Capital.com gives you a lot more choices. For instance, Capital.com offers

  • 18 commodities
  • 29 cryptocurrencies
  • 68 Forex pairs
  • Nearly 1700 individual stocks.

You can see that Capital.com gives you a much wider number of options to trade commodities, crypto and forex pairs in addition to providing you the option to trade bonds and ETFs.

A Better Fee Structure

Capital.com also has a very competitive fee structure. They do not charge an inactivity fee as easyMarkets does, and they do not have any deposit or withdrawal fees. The spreads are generally tighter and there are no commissions and hidden fees associated with trading.

Stronger Educational Resources

Capital.com is like a digital academy for learning trading from scratch or expanding your knowledge. Often we have seen brokers offer a couple of generalized educational resources for traders to get started with trading but Capital.com goes the full way and walks you by the hand in the journey for you to become an experienced and savvy trader. Some of the resources offered include

  • Tutorial videos on using the platform
  • Educational videos on trading different assets
  • Webinars
  • Educational articles

Training Guides

The resources offered to users start by teaching you how the platform works and then with webinars and articles Capital.com keeps you updated with what’s happening in the market. Capital.com also offers asset trading training guides.

  • CFD training guides
  • Commodities training guides
  • Indices trading guides
  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides

So, basically, Capital.com has you covered if you want to start trading an asset that you have not traded before. Moreover, we really like their course on trading psychology from which even experienced traders can benefit because understanding how traders think can help you in understanding how prices may vary for particular assets. Capital.com also offers 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders. This is offers some amazing value for most users as it is not something offered by most brokers.

Capital.com Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices of the industry. This is something interesting because often educational materials are not designed for newbies and experienced traders but Capital.com does a good job of doing so for both types of traders.

So what are you waiting for signup today for a broker that has more assets, better pricing structure and a wealth of knowledge to change you from zero to hero in trading.

Related: If you want to learn more about this broker, you can read this excellent review of Capital.com.

In Summary

easyMarkets is one of the highest-ranked brokers in our database. They have a clear fee structure without any unpleasant surprises, some good learning resources and plenty of asset types with plentiful options. One of the key features we liked was the dedicated account manager that you can get to assist you in trading. Similarly, the rest of the customer service platforms are very helpful for users. If you find these features attractive then you should sign up for easyMarkets.

easyMarkets is a good application that allows you to trade a myriad of assets. However, Capital.com has many more assets like over 1,700 stocks & ETF’s, 25 + commodities, plenty of bonds & stock indices that provide you with more trading options. Moreover, Capital.com has amazing educational resources that are not matched by easyMarkets’. Capital.com also has a leaner cost structure with no inactivity fees, which is encouraging for new traders. Signup now for Capital.com by clicking the link below and start trading with what is probably the best broker you’ll find in today’s market and join hundreds of satisfied readers who have enjoyed the Capital.com platform.

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