Risk, therefore, is the central outcome of leverage, so understanding your level of forex trading knowledge and risk appetite is critical when factoring in this variable. You can trade over 200 assets in a wide variety of markets at easyMarkets. Assets and contracts for difference (CFDs) include forex, cryptocurrencies, metals and other commodities, indices and vanilla options. The broker even offers option based trading with its limited-risk easyTrade service.

easyMarkets Metal Spreads

VIP clients get access to special benefits and innovative trading conditions with an initial deposit of $2,500. EasyMarkets also offer MetaTrader 4 (the most popular forex trading platform), MetaTrader 5 and TradingView but features unique to this forex broker are not offered. EasyMarkets is an industry-changing, well-regulated broker that should work well for beginners to advanced traders, though U.S.-based traders need to find another broker. However, we would like to clarify a couple of points you have made.Our offering on MT5 is variable spreads and on EURUSD for example the spread starts at 0.7 pips. This is the fifth decimal place which is fraction (1/10th of a pip).This can rise to 1.1 pips during the trading sessions as you have observed but interpreted incorrectly.

  1. However, we would like to clarify a couple of points you have made.Our offering on MT5 is variable spreads and on EURUSD for example the spread starts at 0.7 pips.
  2. Jay and Julie Hawk are the married co-founders of TheFXperts, a provider of financial writing services particularly renowned for its coverage of forex-related topics.
  3. Live chat is not offered by all the forex brokers and is ideal for short questions relating to traders.
  4. The platform’s main trading screen gives traders access to more than 200 different instruments in one tab.

easyMarkets Review

The broker’s web-based trading platform features no slippage on stop orders, guaranteed stop losses and fixed dealing spreads. The broker also offers negative balance protection, so you can never lose more than your initial deposit if a trade goes drastically wrong. While comparing easymarkets reviews from several trading-related websites, we found that people generally regard their easyMarkets experience as positive. The easyMarkets review analysis found that most forex trading Australia individuals praised the adoption of fixed spreads as they are competitive and affordable. People also like the MT4 trading platform and its ease of use for new traders. Trading accounts can be set up for as little as $200, which comparatively is extremely affordable.

DealCancellation – Cancel Trades In 1 to 6 Hours

Withdrawals via bank transfer require a minimum of €/$/£50 to be withdrawn. Aside from the minimum withdrawal of €/$/£50 via bank transfer, there are no minimum withdrawal amounts via other payment methods. Dear Abraham Ng’ambi, We are delighted to hear about your positive experience with easyMarkets. Your feedback is important to us and we are so glad that you are happy with our services, Your glowing review is music to our ears.

Customers also are quite fond of the multitude of payment options and fast payouts, citing very few issues or difficulties. https://traderoom.info/ launched the one of the world’s first web-based trading platform in 2001 with a plethora of asset classes, including forex, commodities, stocks and options. EasyMarkets features competitive fixed dealing spreads, dealCancellation and easy risk management options. You’ll also find MetaTrader 4 and easyMarkets’ own web-based and mobile platforms at your fingertips. Our easyMarkets review found that customer service and training were the two key strengths of the forex broker. When it comes to customer support, three of the four accounts offer a personal account manager.

Fixed spreads mean that you will always know what the difference is between the buy and sell rates for currency pairings (eg AUD/USD). The provides certainty that you know the fees of every transaction, unlike most other brokers whose fees will vary depending on the market. Variable spreads such as those offered by Pepperstone, IC Market and Axi can be lower than easyMarkets as the spreads are raw. This means the liquidity pool determines the spread without intervention from the dealing desk.

Nonetheless, this does not mean that traders lack sufficient tools to analyze, gather insight, and assist efficient trade executions while on-the-go. The execution screen has a simple design where traders can set amounts, risk limits and dealCancelation rates with the slide of a finger. EasyMarkets offers its customers more than 200 products to trade. This easyMarkets review also explores the broker’s cross-platform trading applications on desktop and mobile, if available in .

EasyMarkets holds all funds in a segregated bank account ‘Bankwest’. This is owned by the CBA (Commonwealth Bank of Australia) providing stability to the bank account and allowing for fast transfers. It’s worth noting that leverage is the difference the broker offers varies by the regulator that applies to the relevant territory. Once a trade is made, a countdown clock shows how much time is left for the trade to be cancelled without realising a loss using this feature. If a stop-loss is also reached within the period and dealCancellation is active, no trading loss will be realised. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Lawrence has served as an expert witness in a number of high profile trials in US Federal and international courts. Traders can easily switch between the demo and the live trading accounts. The web-based platform allows traders to navigate between different trading instruments.