Formerly known as easy-forex, easyMarkets is an online brokerage company that provides trading services for forex, CFDs and vanilla options.
The broker opened its doors for business in 2003, and by 2013, it obtained over 100,000 active traders and amassed over $1.5 trillion plus in accumulated trading turnover.
easyMarkets is licensed and regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license #079/07. The broker is also regulated in Australia, by the Australian Securities & Investments Commission (ASIC) under AFSL number 246566.
They have so far maintained a flawless record when it comes to regulatory compliance, the fact that helped them to earn a reputation of a professional and reputable broker.
easyMarkets provides two types of trading platforms – MT4 platform and their innovative proprietary trading platform.
Their trading platform is completely web-based and while being very simple to use, it has been augmented with unique features like “Inside Viewer” and the ability to “freeze” quotes.
The “freeze” quote feature lets you lock in the quoted price for a few seconds while giving you a small window of time to decide between entering into the trade or not.
This broker offers 3 types of trading accounts – Standard, Premium, and VIP account.
There is no minimum deposit requirement for the Standard trading account.
On the other hand, it requires $2000 to open the Premium account and $20,000 to open the VIP account.
For traders who want to trade the markets according to Islamic Syariah principles, the broker provided an Islamic account.
Leverage and spreads
To be honest spreads offered by easyMarkets are not the most competitive in the industry. The broker is devoted to being simple and transparent, and this principle also refers to their spreads, which are fixed.
For forex pairings, spreads are fixed as low as 1.8 pips, if you have VIP status or 3 pips if you do not.
Considering leverage, it varies for CFDs and other instruments, but currency trading leverage can be as high as 400:1.
Customer service is available 24/5. They can be contacted by live chat, email, fax, or phone. In addition, the company has established several regional offices to serve their clients (London, Limassol, Sydney, Shanghai and Warsaw).
If you are looking for a safe, simple, and regulated broker, easyMarkets is more than suitable to fulfill your needs.