This is most likely due to local laws and regulations but easyMarkets could always apply for a new licence in one of https://traderoom.info/easymarkets-introduction/ these regions. It’s always great when a broker provides additional educational resources to their traders. Indeed, we all know about the analogy of „teaching people how to fish“.
Upon your first launch of the platform they will give you a handy step-by-step guide about how to place a trade as well as the tools at your disposal. Then, when it comes to the charts themselves, they are third party trading software developed by Tradingview. For those seasoned traders among you, you will know that this is some of the most advanced charting software on the market – ideal for technical analysts. Taking a look at the standard UI, you have all of your key account metrics at the top of the platform. This includes things like your PnL, risk and Tradable balance. It’s time to move onto one of the most important things for any trader and that is the technology and platforms that they have at their disposal when using a particular broker.
The only thing that appears to be quite limited is the crypto coverage. If you wanted to trade a larger array of physical crytpocurrency you could use the likes of Binance. There are also single stock assets available to trade at easyMarkets. These spreads are also quite reasonable, and we won’t go into them here. They have offices in Cyprus (Easy Forex Trading Ltd), Sydney (Easy Markets Pty Ltd) and the Marshall Islands (EF Worldwide Limited). EasyMarkets keeps their clients’ cash secure in several ways.
Despite such limited offerings, there are plenty of resources that traders can access if they wish to track and invest in crypto pairing CFDs, such as market commentary and news updates. The first thing that stuck out for us was their limited crypto coverage when compared to platforms like eToro or Uphold. They have such a large range of assets but only have three cryptocurrencies on offer. They are competing with established cryptocurrency exchanges with hundreds of assets and much higher leverage. Something else that may surprise you is the fact that they still have phone calls.
The broker provides extensive research content focusing on mid- to long-term strategies, including its comprehensive Victory Vanguard blog. It also offers vanilla options on currency pairs and metals, allowing swing traders to better hedge their exposure over the long term. Additionally, options can be used to avoid overnight charges (swaps). However, the broker charges above-average spreads on some instruments and does not offer a raw spread account on its proprietary platform.
Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and investment professionals on issues related to trading, and derivatives. Lawrence has served as an expert witness in a number of high profile trials in US Federal and international courts. EasyMarkets offers over 200 products to trade on desktop, mobile, and all other responsive devices — it is an established broker regulated by FSA, CySec, ASIC, and BVI. Whether easyMarkets is a “good” broker or not will depend on the trader’s individual needs. Traders can easily switch between the demo and the live trading accounts.
However, they’re not as tight as some of their competitors. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account.
EasyMarkets does not charge any fees for deposits, regardless of the deposit method chosen. However, traders should be aware that some payment providers may charge fees for deposits, and these fees are not within the control of EasyMarkets. Commodity trading on EasyMarkets is also subject to fixed spreads, with spreads starting from as low as 0.03 pips for gold and 0.04 pips for oil. EasyMarkets does not charge any commission for commodity trading. Nonetheless, the resources available to traders, as well as the account perks on offer, are highly competitive. Spreads might not generally be the most compelling on the market, but that’s why their premium and VIP accounts are so alluring.
You can basically set these up on a VPS server and have them running 24 hours a day. Although the MT4 platform can be considered „advanced“, there are a plethora of resources online that can get you going. If you would like more resources and guides about how to use the MT4 then drop us a contact here. The really cool thing about easyTrade is that unlike Binary options, it is fully ESMA compliant. This means that it is within the regulatory framework set out by the European agencies.
Easy Markets Pty LTD is authorized and regulated by the Australian Securities and Investments Commission (ASIC). Easy Forex Trading LTD is authorized and regulated by the Cyprus Securities & Exchange Commission (CySEC). Based on your selection, you will register for an account with EF Worldwide Ltd, which is authorised and regulated by the Financial Services Authority of Seychelles (License Number SD056). User-Friendly Interface for users of all experience levels. Opening an account with easyMarkets is a relatively quick, simple, and straightforward process that requires little effort or documentation.
Apart from these client side protection tools, easyMarkets regularly conducts thorough audits on their own risk management procedures. They have translated their website into 6 different languages in order to target the numerous different regions for potential traders. Although they do have large client coverage, there are a number of regions where they cannot accept clients from. You can see the full list on their site but perhaps the most prominent is the United States. As stated in this easyMarkets review, if you would like a VIP account with premium features, you’ll need a higher balance. You can trade CFDs, forwards and options on these platforms.