Table of contents:
- 1 We have made these experiences with easyMarkets
- 1.1 easyMartkets: Serious or not?
- 1.2 Regulation by Cypriot CySec ensures security
- 1.3 Trade at favourable conditions
- 1.4 Deposit bonus and various other bonus options
- 1.5 Numerous methods are available for deposits and withdrawals
- 1.6 Good support in English language
- 1.7 Well-presented website – flexible trading with App possible
- 1.8 Conclusion
- 1.9 In which markets can be traded?
- 1.10 Which platforms can be used to trade?
- 1.11 Which education materials are offered?
- 1.12 What market analyzes are offered?
easyMarkets user-ratings: $ 100
Asset varierity - 7.5/10
Trading platform - 10/10
Support - 10/10
Fees - 8.5/10
Deposit/Withdrawal - 7.5/10
Facts about the company:
- Type: CFD Broker
- Regulation: CySEC (Cyprus)
- Minimum deposit: $ 100
- Demo account: Free
- Markets: 200+ Forex, Shares, CFDs, Commodities, Precious Metals, Indices, Cryptocurrencies
- No fees are charged for deposits or withdrawals
- Profitable partner program
- Various platforms to trade with
- Deep market insights
- Real-time overview of the markets
- Safety of funds
- The provider does not handle the money entrusted to him responsibly
We have made these experiences with easyMarkets
Not so long ago, the possibilities for private individuals to participate in stock exchange trading were limited to informing a bank employee by telephone of an order that was executed on the same day. On the other hand, it was not possible to think of trading as the stock exchange professionals did on a daily basis. This has now changed fundamentally. In addition to the possibility of buying shares and capital market products oneself via an online custody account, there are more and more providers who offer trading in professional products and instruments. So-called CFD brokers, such as easyMarkets, make it very easy for investors to trade not only currencies but also commodities and indices and to use high financial leverage.
In the case of easyMarkets, the maximum leverage is 1:30, which means that high profits are possible even in a very short time. However, as is well known, these opportunities are countered by risks that should not be underestimated. Investors who decide to use this type of trading, however, will find a comprehensive range of support in the form of good information and educational opportunities relating to trading. An ideal combination of a convincing trading offer effective training opportunities are offered, which not only beginners will appreciate. Because easyMarkets also has a lot to offer advanced traders, as our test has shown. First of all, there is a wide range of underlying, with the focus on currency pairs. In addition, customers can rely on competent support, which is available in several languages and provides quick and competent assistance with questions or problems.
- CFD Broker
- Maximum leverage is 1:30
- Customer support is available in several languages
easyMartkets: Serious or not?
Even if most investors are primarily interested in the offer and the conditions, our experience has shown that the question of seriousness should also be thoroughly clarified. Because the best offer is of little use at the end of the provider does not handle the money entrusted to him responsibly. If certain basic standards are not met, the investor always runs the risk of losing his deposits. In addition, it is of course important to know that it can be assumed that trading is fair.
The Online Broker easyMarkets is based in Cyprus, so the European regulations apply here. The regulatory authority CySec ensures that these are also adhered to. Against this background, the company must adhere to guidelines in terms of European consumer protection. This includes that fair treatment as well as the protection of deposits must be given the highest priority. For example, it is mandatory that the products are presented as transparently as possible so that customers can clearly identify opportunities and risks. In order to ensure that deposits are protected, it is also mandatory that customers’ deposits be deposited in separate accounts. Because customer funds and the working capital of the Online Broker are not kept together, the customers’ capital remains untouched in the event of company insolvency and the customers can in principle continue to dispose of it. Because of these extensive requirements and measures, customers can feel very safe with easyMarkets. There is definitely no need to fear fraud or rip-offs.
|Companies||Easy Forex Trading Ltd|
|address||PO Box 53742 Limassol 3317, Cyprus|
|Regulation license no.||079/07|
|phone||+357 25 828 899|
Regulation by Cypriot CySec ensures security
As mentioned above, easyMarkets is a regulated supplier. On this basis, investors can be sure that they are dealing with a reputable online broker. Under the license number 079/07, easyMarkets is registered with CySec in Cyprus. This authority ensures that important standards in customer protection are observed. Loss of deposits, fraud, and rip-offs are excluded on this basis.
Trade at favourable conditions
In the following sections, we would like to take a closer look at the trading offer that awaits investors at easyMarkets. In principle, currencies, commodities, and indices can be traded. Shares, on the other hand, are not available. Trading is always carried out with certain financial leverage, i.e. additional capital is made available by the online broker for each trade so that even small price changes can have a major impact. However, the high chances of profit are of course offset by the risk of loss. How high the respective leverage depends on the individual underlying asset and is determined by the Online Broker. Investors, therefore, do not have the option of determining the leverage for trading flexibly. The levers used range from 1:2 to 1:30, depending on the individual underlying instrument:
The following table provides an overview of the levers:
|Products||Maximum leverage||additional margin for private investors|
|Major FX pairs||30: 1||14x|
|Major Indices Minor FX Pairs Gold||20:01||5x|
|Commodities minor indices||10:01||10x|
The same applies to spreads. These also vary from the underlying instrument to the underlying instrument and may also fluctuate during the course of the day. However, the provider easyMarkets claims to be the leader in the spreads offered, i.e. to offer the most favorable trading. No further costs or fees must be expected beyond this spread. easyMarkets does not charge any fees for account management or for deposits and withdrawals.
The widest range of trading options is offered in the area of currencies or currency pairs. There are initially 135 different currency pairs available for trading. This number alone shows that the range of tradable combinations goes far beyond the known majors. But of course, the combinations of the major currencies such as the US Dollar, Euro, Japanese Yen, and British Pound can be traded first. In addition, the Scandinavian currencies are available in various combinations. Furthermore, it is possible to trade with the Polish Zloty, the Turkish Lira, or the South African Rand. A special feature of the easyMarkets offer is that so-called vanilla options can also be bought and sold via the platform. The four majors and many other currencies, as well as commodities, can also be accessed.
The selection of raw materials is also very wide. For a better overview, these are subdivided into energy, agriculture, and metals, with more than five values available in each segment. Thus, it is possible to trade with different types of oil, as well as natural gas. In the case of agricultural products, grain, cotton, cocoa, sugar, or wheat, but also soybeans are on the price list and among the precious metals, palladium, copper, and platinum are available in addition to gold and silver. The metals can also be traded in different currencies.
Finally, we would like to take a look at the area of indices, which in our experience are also very well suited for leveraged trading. This is because, unlike equities, they are expected to fluctuate less strongly, which makes them much more predictable for trading. The available indices offer investors a very wide range of investment opportunities. Thus, investors can bet on the values of different countries and regions of the world. The indices are available from all leading economic nations such as Japan, Germany, Great Britain, and of course the USA. Furthermore, the leading indices of China and Switzerland are offered for trading. All in all, in our experience, investors who want to specialize in trading currencies, commodities, and indices have the very best conditions at easyMarkets.
Deposit bonus and various other bonus options
Broker easyMarkets also offers its customers some bonus options and a real deposit bonus is also included. Depending on the amount of the first deposit, customers are granted an additional credit balance which can be used for trading. However, it is not possible to withdraw this additional credit. And even if the investor withdraws part of his deposits again, the bonus amount will be reduced accordingly. Until the investor can withdraw the bonus amount and any profits made with it, it is a prerequisite that sufficient trading turnover has been achieved. In concrete terms, the following bonus amounts can be expected. From a deposit of 100 euros, the customer receives a bonus of 30 percent. From a deposit of 200 euros, the bonus then increases to 50 percent, and from the first deposit of 1,000 euros and more, 40 percent is possible. A maximum of 2,000 euros in bonus benefits is granted.
|Bonus conditions:||Bonus up to 50 percent depending on the deposit|
|Validity:||until September 30, 2016|
|other bonuses:||New customer bonus|
In addition, in our experience, investors in easyMarkets can earn something extra if they convince friends of the advantages of this online broker and gain them as new customers. Depending on the amount of the deposit that the advertised customer makes, the whistleblower also benefits. From a deposit of 200 Euro, there is an additional 50 Euro trading credit. With higher deposits, higher bonus payments are also possible. If the new customer deposits more than 2,000 euros, the old customer even receives a bonus of 500 euros. So it is also worthwhile to talk about the advantages of easyMarkets among your friends and acquaintances.
Numerous methods are available for deposits and withdrawals
Both to earn the bonus and to start trading at all, it is necessary to first deposit sufficient trading capital into the easyMarkets account. You can already start trading with a minimum deposit of only 100 euros. In our test we saw that no fees are charged by the online broker for deposits and withdrawals. For deposits but also for withdrawals there are a number of options available. In our experience, the cheapest way is to deposit with a credit card.
Payment methods in an overview:
|Method||Countries||Deposits processing time|
|VISA||All countries excluding China||Instant|
|Master Card||All countries||Instant|
|American Express||All countries excluding APAC||Instant|
|AstroPay||All countries excluding EU and Australia||Instant|
|Sofort||Germany, Austria, Belgium, Netherlands, UK||up to 24h|
|GiroPay||Germany only||2 hours|
|Local Bank Transfer||Malaysia only||up to 24 hours|
|BPay||APAC only||1 working day|
|Neteller||almost every country||Instant|
|Skrill||almost every country||Instant|
|fasapay||Indonesia cnly||1 working day|
|Local deposit||Egypt only||1 working day|
|Sticpay||All countries excluding Europe and APAC||1 working day|
|WebMoney||All countries excluding Europe and APAC||1 working day|
|Union Pay||China only||1-2 working days|
|WeChatPay||China only||1 working day|
We accept Visa, MasterCard, Maestro, and American Express. The advantage of this payment method is above all the speed. Just a few seconds after the payment process has been completed via the easyMarkets account, the money is available on the trading account. If, on the other hand, you do not want to pay by credit card, there are other options available with various online providers. Among others, you can use the provider’s Skrill, Neteller, sofort, or Webmoney. Here, too, there is usually only a short delay before the money arrives at the trading account. The longest time it takes for a deposit by bank transfer. The same methods are of course also available for withdrawals. For this, however, it is first necessary for the investor to prove his identity with an identity document. It is sufficient if a copy is sent to easyMarkets by e-mail. In our experience, these processes work extremely reliably.
Good support in English language
Even though easyMarkets offers its services exclusively via the Internet, it is of course always possible to contact the company in case of questions or problems. And it is not only in the case of technical problems that investors will find a suitable contact person. Even if there is a reason for complaints, customers will find a corresponding e-mail address where the matter can be raised. The online broker guarantees to respond within five days of receiving a complaint at the latest. While possible complaints are best made in writing, it is of course also possible to contact a member of the service department directly. For this purpose, a telephone number is first offered, which can be used to call the head office in Cyprus directly. However, investors should be able to communicate sufficiently in English.
|Support available:||24/7 via live chat|
|Telephone:||+357 25 828 899|
And a live chat is also offered in order to get in touch with easyMarkets. Here too, communication takes place in English.
Well-presented website – flexible trading with App possible
Overall, easyMarkets provides investors with a great deal of information via the English website. So before contacting customer service, it is advisable to find out more about The Website. Overall, the offer is very extensive but never confusing. In addition to a list of all tradable underlying, there are detailed explanations of the bonus offers. Numerous questions are answered in the FAQ section, and a separate blog deals with the most important terms and developments relating to trading in the products.
Also worth mentioning is the range of training and information on offer. Here, investors have the opportunity to search specifically for offers that match their level of knowledge. Suitable content can be found for both beginners and advanced investors. The offer includes e-books, training videos, a trade simulator, and regularly published articles on the foreign exchange market. In this way, investors can prepare themselves for trading. Those who still don’t dare to trade directly have the opportunity to test the platform via a demo account.
And mobile trading can also be got to know very well in this way. One app each for iOS and Android is available to investors for free download. The mobile offer is based on the Web Trader and only requires the user to make a minor change. All functions and underlying instruments can thus be used via the mobile device.
With easyMarkets we have tested an online broker that offers its customers an absolutely comprehensive program. Starting with the trading offer, which has its focus on foreign exchange and currency pairs, easyMarkets convinces above all with numerous offers around trading. First of all, the extensive training offer should be mentioned, which on the one hand enables inexperienced traders to get started without any problems.
In addition, however, there is also a lot of content aimed at traders with knowledge. The platform, which is made available for trading, works excellently. In addition, the MetaTrader can also be downloaded and installed on the computer. If, contrary to expectations, there are problems in trading, there is also the possibility to contact a competent and fast support. However, as with the contents of the website, English language skills must be used. Last but not least, our test has shown that it is a reputable provider who handles the data and also the customer’s deposits with confidence. Fraud or rip-offs need not be feared.
Most asked questions:
In which markets can be traded?
easyMarkets is well-known for trading CFDs and cryptocurrencies. However, it is possible to trade in more markets with the trader such as Forex, Shares, Indices, Precious Metals, Options, and Commodities.
Which platforms can be used to trade?
With easyMarkets, traders can trade on three different platforms: the easyMarkets platform itself, via mobile apps, or with the popular MetaTrader4 platform. Moreover, easyMarkets offers great trading tools like easyTrade, dealCancellation, and Freeze Rate to make trading easier.
Which education materials are offered?
easyMarkets is a great trading platform for beginners because there is a lot of learning materials available. Free ebooks, trading courses, a trading glossary, a discover series as well as a FAQ page is available.
What market analyzes are offered?
For analyzing the markets, easyMarkets gives great insights to customers via market analyzing tools. There is always up-to-date market news viewable on the website. Moreover, trading charts, live currency rates as well as a financial calendar is available