easyMarkets: 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 stocks, ETFs, bonds, cryptos and 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.
Fees 6
Signup Process 9
Minimum Deposit 10
Ease of Use 8
Deposit & Withdrawal Options 10
Customer Support 10
Asset Classes 7
Referral Program 8
Demo Account & Educational Resources 10
Safety & Regulation 10
Total 88

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, 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  

easyMarkets Pros & Cons

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

easyMarkets Pros

  • Plenty of asset choices
  • Great customer service
  • Regulated by tier-1 regulators
  • Plenty of deposit and withdrawal options
  • No deposit & withdrawal fees

easyMarkets Cons

  • Slightly expensive fee structure for forex
  • Crypto options are limited
  • Slightly expensive rates for some commodities

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 some assets. Let’s have a look at the different dimensions to see how the fees category rank up compared to other brokers.

easyMarkets Forex Spreads

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 is 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’ rates are comparable to other 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 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.  Trading with commodities can help you in hedging risk and you can do so with your easyMarkets account at decent prices.

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 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. The fact that there is an inactivity fee, slightly expensive forex rates and a couple of expensive commodities means that the broker scores only a 6 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, however, the verification of your account tends to take up to 1 business day, due to which the broker loses a point in this dimension because there are brokers that verify 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 gets a perfect score 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.

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 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.

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.

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.

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. Hence, for their all-round service, the customer support scores a perfect 10.

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 +
Commodities12
Stock IndicesS&P 500, FTSE, NIKKEI, DAX, 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.

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. However, the fact that easyMarkets does not offer bonds and ETFs makes this broker lose severe 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. The referral program scores a decent 8 in this dimension.

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
  • Online Courses
  • Books

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. Hence, the broker scores a perfect 10 without any doubts.

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. 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.

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.

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 out there. They have a clear fee structure, 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. If you find these features attractive then you should sign up for easyMarkets by using the link below.

easyMarkets is a good application that allows you to trade a myriad of assets. However, Capital.com has many more assets 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.

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