User Rating:Updated on: March 26, 2016
Regulation:CySEC & ASIC
|Spreads From||Max. Leverage||Trade Min.||Forex Pairs||Platforms||Mobile Trading||Broker Highlights|
135+ Currency Pairs
CFDs carry risk.
Easy-Markets Broker Review
EasyMarkets is owned and operated by Easy Forex Trading Ltd, with company registration number: HE203997. It is authorised to offer real-money forex trading to UK clients, courtesy of CySEC (Cyprus Securities and Exchange Commission) with licence #079/07. This brokerage was launched in 2001 and features a host of trading options including negative balance protection, guaranteed stop loss, a mobile and web-based trading platform. EasyMarkets offers cutting-edge technology, complete transparency, and fixed spread pricing. There are zero commissions, 24/5 customer support functionality and multilingual educational courses for FX traders.
In 2003, easyMarkets received its ASIC licence to operate in Australia. The company introduced a VIP trading desk in 2006, and by 2008 was the winner of the Smartinvestor Blue Ribbon award. Over the years, easyMarkets continued to win praise from multiple trading authorities and licensing bodies including the KNF of Poland in 2009. By 2010, EasyMarkets had established a cross-platform social media presence on YouTube, LinkedIn, Facebook, and Twitter for Forex traders.
iPhone and Android functionality were next in line, and the company now offers fully integrated Forex trading services for smartphones and tablets across the board. Additional prestigious awards were bestowed upon easyMarkets in 2015, including Best Partner Program in Europe. 2017 ranked among the busiest years for easyMarkets, with exciting new releases of mobile trading apps, active traders groups, freeze rate functionality reintroduced on the trading platform, cryptocurrencies, and multiple awards across the board. Today, easyMarkets offers a powerful and user-friendly trading platform spanning exotic currency pairs, minors and majors. There are now some 136 spot forex pairs available for day trading at easyMarkets.
The range of trading markets available at easyMarkets includes Forex (major pairs, minor pairs, and exotic pairs), metals, commodities, indices, cryptocurrencies, and vanilla options. Within each of these markets are a wide variety of assets, including the following:
Forex – currency pairs include EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF, USD/CAD, EUR/JPY, NZD/USD, GBP/JPY, EUR/GBP, GBP/AUD, EUR/AUD and many others. The range of forex trading options covers major pairs, minor pairs, and exotic currency pairs.
Metals trading – metals include XAU/USD, XAG/USD, CPR/USD, XPT/USD, XPD/USD, XAU/EUR, XAU/AUD and others.
Indices – indices include DAX/EUR, CNX/USD, NDQ/USD, HSX/HKD, SPI/USD, Dow/USD, USX/USD, ASX/AUD, CAC/EUR, IND//USD, FTS/GBP and others.
Commodities – WTI crude oil, Brent crude oil, wheat, natural gas, soybeans, sugar, coffee, gas, corn, cotton, heating oil, cocoa and others.
Cryptocurrency – Ethereum, Ripple, and Bitcoin.
Cryptocurrency is a major new asset category at easyMarkets. This forex brokerage makes it possible for traders to dabble in Ripple (XRP), Ethereum (ETH), and Bitcoin (BTC). easyMarkets offers a wide range of digital currency trading tools and resources to help traders understand this burgeoning new market. A complimentary e-book is provided, along with expert tips, tricks and strategies for trading these cryptocurrencies. Instruments include BTC/USD, XRP/USD, and ETH/USD. UK traders get to enjoy leverage of 1:5, with low PIP values and competitive spreads. Trading hours for cryptocurrencies open at 10 PM on Sunday and close at 10 PM on Friday. BTC deals are available on web platforms 24/7 except for Sundays between 7 AM and 10 AM GMT.
UK forex traders get to enjoy cross platform functionality. It is possible to trade currency pairs on mobile, tablet, PC or Mac. There are 2 platforms available to forex traders including easyMarkets platform and easyMarkets MT4 platform.
The former offers deal cancellation within an hour and forex traders can recover their losses too. Other options include tight fixed spreads, no slippage on take profit orders, guaranteed stop loss, forex forward orders, vanilla options, and a wide range of forex CFD trading possibilities.
The easyMarkets MT4 platform allows for spot forex trading, micro lots, 70% margin call levels, tight fixed spreads, EAs, scalping, hedging, rapid market execution, 1-click trading options and more.
The easyMarkets trading platform is superior to the MT4 platform in several ways. It offers deal cancellation, guaranteed pending orders, no slippage, full online platform functionality, a wide range of Forex and CFD products, forward deals, inside viewer®, morning outlooks and other unique features. However, MT4 offers multi-terminal functionality, expert advisers, and 1-click trading. The MT4 by easyMarkets is tailored to this FX brokerage, so there are many features that UK forex traders will enjoy through the website that are not available on the regular MT4 platform.
Forex traders in the UK can get in touch with easyMarkets customer support in a number of ways. You can contact support via Viber, live chat, and Facebook messenger. Other options include the following international locations:
- Australia – +1-300-303-908
- Cyprus – +357-25-828-899
Live chat requires you to enter your name/username, email and telephone number. It is easy to send a message to easyMarkets by entering your name, email, subject, and message. Various telephone numbers are available including the UK telephone number +44-20-315-00748, and the call back option where you can leave your name, email and telephone number and your preferred contact time. Customer service representatives are trained to offer you professional Forex trading assistance regarding banking, education, trading, technical, and registration-related issues.
It is possible to gain a solid understanding of Forex trading at easyMarkets. The ‘Learn Center’ is your one-stop destination for all things forex. A wide range of webinars, e-books, videos and other educational resources is available to help you master the art of FX trading. The educational centre includes a wide range of terms, trading indicators, technical and fundamental analysis, et al. Frequently asked questions are available for company information, options trading, and contracts for difference. Further, there is a comprehensive blog that covers all aspects of Forex trading including daily market insights, expert analysis, and the latest forex movements.
easyMarkets does a great job of securing trading activity for forex traders from the UK. For starters, this brokerage has won 40+ international awards from a host of reputable trading authorities. The broker is CySEC regulated (Cypress Securities Exchange Commission) to offer real money forex trading to clients covered by this regulatory authority. This FX brokerage is subject to all the requirements laid out by CySEC. These include The Investor Compensation Fund, segregated accounts for traders and the business, and full transparency of operations at all times.
- Fully licensed and regulated to offer forex trading, courtesy of CySEC
- Forex Trading on the web platform has leverage of 30:1
- Negative balance protection and no slippage which limits the cost of trading as well
- There are fixed spreads so forex traders don’t have any unwelcome surprises
- No commissions.
- Traders from several countries are restricted including USA, Israel, Afghanistan, Somalia, British Columbia, Ontario, Manitoba and others.
easyMarkets makes it easy and enjoyable to trade forex online. UK traders will have no problem getting started as there is a demo trading account and a real money trading account. Registration is required for the demo account, and there are 2 unique trading platforms for forex. These include the easyMarkets proprietary platform and the MT4 for easyMarkets. Both offer unique benefits to traders. If you’re a mobile forex trader, you’re in luck as iOS and Android are fully supported on a powerful trading platform. Tight spreads, no commissions, high leverage and segregated accounts make for a rewarding trading experience.
Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose.
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