Is easyMarkets a Scam

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Is easyMarkets a Scam?

*As rated on Trustpilot

Trade CFD s on Forex, Commodities, Indices, Shares & Cryptos

With a Top Rated Forex Broker

  • 200+ global markets
  • Tools for beginners & expert traders
  • Trade on web, mobile app or MT4
  • Fixed spreads, no hidden fees

*As rated on Trustpilot

By signing up you confirm you are over 18 years of age. You further declare that you read, understood and accept the content of easyMarkets Privacy Policy and you consent to receive market news and browsers notifications.

TRILLION USD IN TRADING VOLUME

MILLION ORDERS EXECUTED

THOUSAND TRADERS SERVED

Enhance your trading experience with easyMarkets app

Market Explorer

Market Explorer gives you deep market insight, showing you the real-time rates of 200+ instruments available for you to trade.

A real-time overview of the markets.

Deep market insight

Promotions

Already on board or new, our promotions and introductory offers ensure there’s a good deal available for everyone.

Safety of Funds

Our commitment to safety assures integrity, so you can concentrate on what’s important – trading the markets.

Deposits & withdrawals

An online cashier to make account funding easy, straight forward and without complicated procedures.

Partnerships

Join one of many award winning partnership schemes. Your ideal program is waiting for you.

Discover easyMarkets Web & Mobile Platforms

Our award-winning, intuitive platforms are equipped with a suite of powerful tools to support your trading

easyMarkets Live Webinars

Introduction to the easyMarkets Trading Platform

An introduction to Forex Trading and how to use the easyMarkets platform.

12 th March
4:00pm – 5:00pm EET

12 th March
4:00pm – 5:00pm EET

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Trade Responsibly: EF Worldwide Ltd makes no recommendations as to the merits of any financial product referred to in this advertisement, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products. EF Worldwide Ltd recommends that you read the Client Agreement before making any decision concerning EF Worldwide Ltd financial products. Trading involves substantial risk of loss. Do not invest money you cannot afford to lose. EF Worldwide Ltd is not under the supervision of the JFSA, it is not involved with any acts considered to be offering financial products and solicitation for financial services, and this website is not aimed at residents in Japan.

EF Worldwide Limited is part of Blue Capital Markets Group.

Restricted Regions: easyMarkets Group of Companies does not provide services for residents of certain regions, such as the United States of America, Israel, Iran, Syria, Afghanistan, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, Manitoba, Equatorial Guinea, Guinea Bissau, Turkmenistan, Venezuela, Angola, Libya, Republic of Congo (Brazzavile), Democratic Republic of Congo, Chad, Haiti, Quebec, Cambodia and Burundi.

easyMarkets is a registered trademark. Copyright © 2001 – 2020. All rights reserved.

EasyMarkets.com Review Visit site

July 2020: Reviews for Easy-Forex merged into EasyMarkets review page.

About EasyMarkets.com

EasyMarkets is a forex broker. Easy Markets offers the EasyMarkets platform and MetaTrader 4 forex trading top platform. EasyMarkets.com offers over 60 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

  • Information
  • Live Discussion
  • Profile
  • Video
  • 13 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $100
Established: 2001
Address: P.O. Box 53742 Limassol 3317, Cyprus
Contact: [email protected], +357 25 828 899
Regional offices:
Regulators: ASIC #246566, CySEC #079/07
Prohibited countries:

Yes

Yes

Trading platforms: MT4, easyMarkets App, easyMarkets Web Platform
Web Trading:
Mobile Trading:
Currencies: (60+)
Cryptocurrencies: (3) Bitcoin, Ethereum
CFD: (45+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
Deposit Methods: Bank Wire, VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay

Live discussion

Join live discussion of EasyMarkets.com on our forum

EasyMarkets.com profile provided by easyMarkets, Mar 15, 2020

easyMarkets is an award winning global broker with full access to 300+ financial markets on our innovative and easy trading platform.

Company Overview

With over a decade of trading expertise and 100,000 fulfilled clients in 160 countries worldwide, easyMarkets will tick all your boxes whether you are a new or experienced trader, affiliate or introducing broker. Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! Welcome to the exciting world of trading. Welcome to easyMarkets.

  • 300+ Tradable Instruments
  • Award Winning Platforms
  • Low Fixed Spreads
  • Global Presence
  • 24/5 Dedicated Support
  • Established 2003
  • Exciting Promotions
  • Client Fund Safety
  • FREE Training & Support

Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd-CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Forex Pty Ltd- AFS license No. 246566).

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Consumer Reviews

Service use: Live

Length of use: 6-12 Months

I joined easymarkets earlier in the year. If I could give a minus star rating I would

I’m a 20 year trader veteran.

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The login process is woeful and takes so long.

Charts are woeful and impossible to easily read and it is even more impossible to create your favourite templates.

I only trade one particular product so I know it well – will the chart come up when I login? – you have got to be joking. It goes all over the place.

If you are trying to do a quick trade forget it.

In one instance I documented – it took me around 40 minutes to even get my chart and order up and running and even then I had to press and press and press every button to be able to get it to set to the number of contracts I wanted to trade.

Then they changed my refund method which cost me heaps. I closed my account today and gave specific instructions as to where the refund should be made and that if that was not going to be followed to notify me immediately. Did they do that? NO of course not. Failure to comply with my specific requirements has cost me a bunch of money.

Would I have given a negative review in the ordinary course? NO not really but this was the dizzy limit with Easymarkets.

Don’t even contemplate opening an account with them

The charts are all over the place and unreadable. Templates are so difficult to construct and even if you can when you go back to login they won’t even open to what you closed – you have to reconstruct. That is even if it opens with your original chart. Another complete waste of time.

They offer this 60 minute deal cancellation but it is a con as the fee will cost you more than the loss in most instances.

They set automatic stop loss positions which many may regard as fantastic but you have to manually go in and alter them otherwise you will be stopped out far too quickly before you even know it.

So many times I tried to close a position and I got an error message which cost me money.

On the product I trade their spreads are around 4 points wider than the provider I have changed to. That makes a huge difference to the risk/reward ratio.

They don’t give a rats about you unless you lose money.

They told me that when they told me they were restricting my account deposits.

There are plenty of other providers out there. Look for one that has a quick execution process with an easily readable chart on the screen so you at least have a chance of being ahead of the game.

I lost so much time and money with easymarkets having to migrate from one screen to another so I could get an idea of the real picture. Their prices were so out of kilter with the real market confusion reigned supreme.

as is ease of login and ability to ease ofinute

Feedback is very important to us as it helps us improve our services and enhance the trading experience of our clients.

It is unfortunate that you feel this way since throughout your trading activity with us we supported you and provided you with any assistance required.

On our platform, we provide fixed spreads which never change regardless the market volatility and you always know the spread you are paying before opening a deal. Likewise, the guaranteed stop loss that we offer on our web platform helps you control your risk on every trade so you never lose more capital than willing to risk.

In regards to your withdrawal request, as previously mentioned to you, we are a Regulated Broker and we are obliged to follow compliant deposit and withdraw procedures in accordance with AML and CTF Regulations. As per our Deposit and Withdrawal policies, all withdrawals are sent back to the original deposit method and only withdrawals that are over the total deposit amounts are sent to bank accounts via bank transfer. Please consult our Deposit and Withdraw policies on our website https://www.easymarkets.com/au/about/deposit-withdrawal/

Should you require any further assistance, we remain at your disposal.

Easymarkets was my first foray into forex and trading in general. Unfortunately, today I received a call from them telling me that they are no longer able to serve my area due to local regulatory changes. So, since I can no longer trade with them, I decided to share my experience.

I believe they are attractive for the beginner who wants to feel safe and trade in a simple environment that minimizes uncertainty. Their online platform is very intuitive compared to Metatrader, and frankly, Metaquotes could learn a thing or two from it. It is in no way suited for the intermediate to advanced trader, however. Stops are fixed at seemingly arbitrary intervals, which makes it impossible to precisely adapt risk to market structure or volatility. I suggest that beginners who are serious about trading not even bother with it, skip the online platform, and learn to use their MT4 platform straight away on a demo account.

As a market maker, they are able to offer guaranteed stop losses and negative balance protection. This gives you significant peace of mind. They also offer fixed spreads, which are nice if you don’t like the added uncertainty of spreads spiking during times of volatility or low liquidity. However, these perks come at a cost. Their spreads on anything but EURUSD and USDJPY, especially those on crosspairs, are steep. They make trading moves on anything below the 4hr chart difficult. Forget about scalping. My trading style is swing trading on the daily chart, which is definitely doable with these spreads – but then you run into their swap rates. Even pairs where taking a long (or short) would result in you being paid quite decently on the swap by another broker, you are almost always paying Easymarkets. Their swap rates are the highest I’ve seen offered anywhere. It is therefore difficult to recommend them on the basis of their trading environment, unless minimizing uncertainty and having a safety net are your main priorities.

Their customer service is top notch. They are always available through Facebook messenger, reply quickly, and earnestly try to answer your questions. I’ve spoken to them on many occasions and they helped me every time. My account manager was also great, very kind and professional, and promptly resolved issues when they arose. In this sense, this brokerage one of the best, and that’s another reason I might recommend it to a beginner.

Overall, I had a good experience with Easymarkets. They helped me significantly in starting my journey as a forex trader. As a newbie you will most likely lose money with them, so start small and use it to gain experience in a relatively safe environment. It is good for what it is. Though once you find your footing and are confident enough to deal with the uncertainties of trading, there are places to go that offer much cheaper trading environments.

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