easyMarkets Review: 3 Key Findings for 2022

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.

Top Takeaways for 2021

  • Founded in 2001, easyMarkets is regulated in one tier-1 jurisdiction and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading.
  • easyMarkets is best known for its proprietary web-based platform that is easy to use and offers two beginner-friendly features: dealCancellation and Freeze Rate. Low-points in the easyMarkets lineup include a lack of extensive forex market research tools, a limited offering of just 256 tradeable instruments, and a mediocre mobile app.
  • Despite offering free guaranteed stop-loss orders (GSLO), we do not recommend the easyMarkets MetaTrader 4 (MT4) offering. With MT4, easyMarkets excludes market headlines in desktop and does not offer the browser-based version.
  • Overall Summary

    Please Note: easyMarkets was not included in our last annual review. As a result, this broker’s ratings may be outdated. Read our best forex brokers guide for a breakdown of the top rated forex and CFDs brokers.

    FeatureeasyMarkets
    Overall 3.5 Stars
    Trust Score 84
    Offering of Investments 3.5 Stars
    Commissions & Fees 3.5 Stars
    Platforms & Tools 3.5 Stars
    Research 3.5 Stars
    Mobile Trading Apps 3.5 Stars
    Education 3 Stars

    Is easyMarkets Safe?

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    84

    Trust Score

    easyMarkets is considered average-risk, with an overall Trust Score of 84 out of 99. easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). easyMarkets is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.

    Regulations Comparison

    FeatureeasyMarkets
    Year Founded 2001
    Publicly Traded (Listed) No
    Bank No
    Tier-1 Licenses 1
    Tier-2 Licenses 1
    Tier-3 Licenses 1
    Trust Score 84

    Offering of Investments

    The following table summarizes the different investment products available to easyMarkets clients.

    Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s UK entity, nor to UK residents.

    FeatureeasyMarkets
    Forex Trading Yes
    CFD Trading Yes
    Tradeable Symbols (Total) 199
    Forex Pairs (Total) 62
    US Stock Trading (Non CFD) No
    Int’l Stock Trading (Non CFD) No
    Social Trading / Copy-Trading Yes
    Cryptocurrency (Physical) No
    Cryptocurrency (CFD) Yes
    Crypto Disclaimer (UK) Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

    Commissions and Fees

    Account types: easyMarkets offers three account types for which trading costs (spreads + any commissions) vary, and spreads are fixed (not variable) across web platform, MetaTrader4 (MT4), and a VIP account.

    Minimum and Spreads: The most competitive pricing easyMarkets offers is on its VIP account, which requires a $2,500 deposit ($100 for EU and UK residents), as well as its web platform, which requires a $250 deposit. Both accounts offer fixed spreads of 0.9 pips on the EUR/USD on the easyMarkets platform, as well as when using the MT4 account.

    Gallery

    easyMarkets fixed spreads

    FeatureeasyMarkets
    Minimum Deposit $100.00
    Average Spread EUR/USD – Standard 0.9 (as of Mar 2020)
    All-in Cost EUR/USD – Active 0.9 (as of Mar 2020)
    Active Trader or VIP Discounts Yes
    Execution: Agency Broker No
    Execution: Market Maker Yes

    Platforms and Tools

    easyMarkets offers two platforms, its own proprietary HTML5 web-based platform and MetaTrader 4 (MT4).

    Beyond a watch list (favorites list), news, charts, sentiment indicator, and a few other tools, the easyMarkets trading platform is otherwise light. The clean and simplicity focused platform design does well in keeping users focused on trading, although it will not be enough to satisfy more demanding traders.

    Trading tools: Two unique tools offered through the easyMarkets platform include dealCancellation and Freeze Rate. For a small fee, the dealCancellation feature gives you a specific amount of time (up to a maximum of six hours)to have the option to undo your trade and reclaim your losses. Meanwhile, the Freeze Rate button allows you to “freeze” a quote for three seconds.

    Both tools appear attractive, but clearly, easyMarkets advertises them for a reason, which means that overall, they must be profitable for easyMarkets. Also, in support of less experienced traders, easyMarkets platform offer guaranteed stop-loss orders (GSLO) for free, compared to most brokers who charge a small premium.

    Gallery

    easyMarkets web platform
    easyMarkets web trade ticket
    easyMarkets web charts
    easyMarkets web economic calendar

    FeatureeasyMarkets
    Virtual Trading (Demo) Yes
    Proprietary Platform Yes
    Desktop Platform (Windows) Yes
    Web Platform Yes
    Social Trading / Copy-Trading Yes
    MetaTrader 4 (MT4) Yes
    MetaTrader 5 (MT5) No
    cTrader No
    DupliTrade No
    ZuluTrade No
    Charting – Indicators / Studies (Total) 51
    Charting – Drawing Tools (Total) 31
    Charting – Trade From Chart Yes
    Watchlists – Total Fields 7
    Order Type – Market Yes

    Research

    easyMarkets integrates several research resources into its trading platforms, including a sentiment indicator, economic news calendar, streaming news headlines from FxWirePro, as well as trading signals from Trading Central for live account holders.

    Overall, despite a broad selection of features, easyMarkets’ research offering is just a touch above the bare minimum industry standard.

    Gallery

    easyMarkets web platform market news
    easyMarkets web platform Trading Central signal

    FeatureeasyMarkets
    Daily Market Commentary Yes
    Forex News (Top-Tier Sources) Yes
    Autochartist No
    Trading Central (Recognia) Yes
    Delkos Research No
    Social Sentiment – Currency Pairs Yes
    Economic Calendar Yes

    Mobile Trading

    easyMarkets offers its proprietary mobile app, as well as the MetaTrader 4 (MT4) mobile app. Looking at the easyMarkets mobile app, it offers a clean design that mostly mirrors its web-based counterpart, syncing watch lists included.

    Charting is powered by Trading View in the mobile app, with the same 81 indicators that the web version of the platform has. Overall, I found it to be simple and basic yet falls behind the best mobile trading apps in our review, in terms of depth of features and tools.

    Gallery

    easyMarkets mobile charts android
    easyMarkets mobile watchlist android

    FeatureeasyMarkets
    Android App Yes
    Apple iOS App Yes
    Alerts – Basic Fields Yes
    Watch List Yes
    Watch List Syncing Yes
    Charting – Indicators / Studies 30
    Charting – Draw Trendlines Yes
    Charting – Trendlines Moveable Yes
    Charting – Multiple Time Frames Yes
    Charting – Drawings Autosave No
    Forex Calendar Yes

    Customer Service

    For our 2018 Forex Review, 129 customer service phone tests were conducted over three months. The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally (and thoroughly) answer each question. A Net Promoter Score was also given for the overall experience.

    Results

    • Average Connection Time: <1 minute
    • Average Net Promoter Score: 6.66 / 10
    • Average Professionalism Score: 7.1 / 10
    • Overall Score: 7.3 / 10
    • Ranking: 10th (43 brokers)

    Final Thoughts

    With 256 symbols to trade, including over-the-counter FX options and forwards on 28 pairs, easyMarkets offers a light multi-asset brokerage solution. Tradeable assets aside, easyMarkets does provide its proprietary trading platform, alongside MT4, which helps it stand out from other MT4-only brokers. Also, easyMarkets finished Best in Class for Beginners in 2020, thanks to its user-friendly platform interface.

    MetaTrader4 is also an option at easyMarkets given no difference in pricing between the broker’s web platform. That said, easyMarkets’ flagship web platform and VIP accounts struggle to compete with the best forex brokers in our annual review.

    About easyMarkets

    easyMarkets (formerly easyForex) was founded in 2001 and is an early pioneer in offering retail forex trading. The broker 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.

    easyMarkets Trading Features

    FeatureeasyMarkets
    Virtual Trading (Demo) Yes
    Proprietary Platform Yes
    Desktop Platform (Windows) Yes
    Web Platform Yes
    Social Trading / Copy-Trading Yes
    MetaTrader 4 (MT4) Yes
    MetaTrader 5 (MT5) No
    cTrader No
    DupliTrade No
    ZuluTrade No
    Charting – Indicators / Studies (Total) 51
    Charting – Drawing Tools (Total) 31
    Charting – Trade From Chart Yes
    Watchlists – Total Fields 7
    Order Type – Market Yes

    easyMarkets Research Features

    FeatureeasyMarkets
    Daily Market Commentary Yes
    Forex News (Top-Tier Sources) Yes
    Autochartist No
    Trading Central (Recognia) Yes
    Delkos Research No
    Social Sentiment – Currency Pairs Yes
    Economic Calendar Yes

    easyMarkets Mobile App Features

    FeatureeasyMarkets
    Android App Yes
    Apple iOS App Yes
    Alerts – Basic Fields Yes
    Watch List Yes
    Watch List Syncing Yes
    Charting – Indicators / Studies 30
    Charting – Draw Trendlines Yes
    Charting – Trendlines Moveable Yes
    Charting – Multiple Time Frames Yes
    Charting – Drawings Autosave No
    Forex Calendar Yes

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