Easy Markets Broker Review
Tried By Chartreaderpro: Yes – Demo Account
Highlights: Forex, CFDs on Stocks, Commodities, Equity Indices, Metals and Energies, Cryptocurrencies, Easy and Fast withdrawal optiions Cryptocurrencies are also available.
Founded in 2001, easyMarkets (formerly easyForex) was an early pioneer in offering retail forex trading and obtained regulatory status with the Australian Securities and Exchange Commission (ASIC) in 2005 under Easy Markets Pty Ltd, and in 2007 with the Cyprus Securities and Exchange Commission (CySEC) under Easy Forex Trading Ltd.
After launching its own proprietary trading platform, easyMarkets followed by offering MetaTrader 4 (MT4), the widely popular software developed by MetaQuotes Software Corporation, and integrates options trading capabilities from ORE Technologies LTD.
Ahead of 2016, easyForex rebranded to easyMarkets as the company pivoted from a forex broker towards a multi-asset offering. In addition to its easyMarkets web platform, the broker launched its mobile app in May 2017. Today, easyMarkets offers nearly 200 instruments, including 97 currency pairs, 22 metals, 12 commodities, 15 indices, and 29 options, and forward contracts.
Commissions & Fees
EasyMarkets offers three account types for which trading costs (spreads + any commissions) vary, and spreads are fixed (not variable) across its standard account, the Standard 1 account, and the VIP account.
The most competitive pricing easyMarkets offers is on its VIP account, which requires a $2,500 deposit, as well as its Standard 1 account, which requires a $250 deposit. Both offer fixed spreads of 1 pip on the EUR/USD on the easyMarkets platform (1.8 pips in MT4).
Platforms & Tools
easyMarkets offers two platforms, its own easyMarkets proprietary software and MetaTrader 4 (MT4). To learn more about MT4, read our MetaTrader guide. For this review, I focused on using the easyMarkets platform, which comes available as a web and mobile app (no desktop version is currently offered).