This significant movement boosted Bitcoin trading volumes on the EasyMarkets platform as clients capitalized on the cryptocurrency’s price fluctuations. During the third quarter of 2024, the currency pair USDJPY saw a significant increase of 98% in trading volume among EasyMarkets clients, compared to the second quarter. This rise is attributed to the growing demand for yen (JPY) pairs among customers. To do this, all you need to do is upload your personal ID and a document that proves your country of residence. Once you have done this, easyMarkets will verify your account in-line with its anti-money laundering compliance. This process usually takes less than 24 hours, after which time you can begin trading freely.
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It should also be noted that many brokers don’t offer access to MT4 plugins; this is unfortunate, but easyMarkets isn’t alone in this regard. A proprietary trading platform, besides the popular MT4 trading platform, has been developed with more than 200 assets available for trade with a fixed spread. EasyMarkets has a healthy balance sheet with stable cash flow; approximately 74% of the broker’s retail traders tend to lose money, which directly profits easyMarkets.
EasyMarkets offers a limited range of assets compared to similar CFD providers, but it excels in the number of currency pairs available for trading. EasyMarkets used to have a 7-day limit on their demo accounts. However, live account holders have access to an unlimited demo. As with any broker, easyMarkets charges certain fees that traders should be aware of.
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Traders should note that TradingView is only available on easyMarkets’ trading platform. Traders can configure the chart with customized indicators and technical analysis tools. Traders can also chart each instrument on multiple time frames. Traders wanting to execute forwards or vanilla options trades will need to use the desktop trader accessible via web or alternatively, the MT4 trader.
easyMarkets’s Research and Trading Tools
EasyMarkets is an online market maker that provides a trading platform for derivatives like contracts-for-difference. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. It comes with easyMarkets’ guaranteed stop loss, fixed spreads, and other features.
In that case, ICF protection is removed in return for higher leverage with cash rebates available based on trading volume. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
- The developer, Blue Capital Markets Limited, indicated that the app’s privacy practices may include handling of data as described below.
- It’s very user friendly and beginners will easily adapt to using it.
- Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles.
- As stated before in this easyMarkets review, that is limited.
- However, because this account is only available on MT4, traders may experience slippage on this account, and the Guaranteed Stop Loss tool is unavailable.
- So, over the years, they’ve honed this platform to meet the needs of their clients.
- Traders can upgrade to a real account by tapping the ‘My Account’ menu item at the bottom of the screen and selecting the ‘Make a Deposit’ button.
It is the sole shareholder and ultimate parent entity of all easyMarkets entities. EasyMarkets operates five entities globally under the Blue Capital Markets umbrella. The broker complies with key safety standards, including segregating client funds and offering negative balance protection.
Discover the top FCA-regulated Forex brokers in the UK. Compare top platforms, fees and features to make an informed trading choice. EasyMarkets also provides a standard assortment of market analysis products, but only the blog section is curated by in-house analysts. EasyMarkets also provides Trading Charts which offer very little insight, a list of live currency rates, and a basic Economic Calendar.
EasyMarkets also deploys comprehensive encryption throughout its site to protect the data of users. Read this comprehensive review of easyMarkets to find out whether it is the right broker for you. They also offer good information on the platform to help with your trading decisions. You won’t have to leave the site to get updates from third-party platforms. EasyMarkets keeps their clients’ cash secure in several ways. EasyMarkets also participate in a plan which reimburses clients with all or some of their money if the company becomes in solvent.
- In 2016 we rebranded from easy-forex to easyMarkets since we now offered much more than currency trading.
- Trading charts offers very little of substance, and live currency rates can be obtained from the trading platform.
- Before you can trade with easyMarkets for the first time, you need to answer a few questions.
- Opening an account with easyMarkets is a relatively quick, simple, and straightforward process that requires little effort or documentation.
- Company Overview We were one of the first brokers to offer a true online trading experience.
- Additionally, deposits and withdrawals are free of charge.
- Changes in interest rates by central banks around the world have impacted market sentiment and led to increased trading in various currency pairs.
Broker Comparison
As is the case with all brokers, the trading environment favors broker income over traders’ profits. Corporate actions apply to equity and index CFDs and are passed onto those portfolios in which those assets are held. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
It’s very user friendly and beginners will easily adapt to using it. That helps them to provide good customer care in each trader’s preferred language. At the time of this review, easyMarkets offered three promotions; a first deposit bonus, a partnership programme, and a refer-a-friend bonus. The research section consists of six categories, unfortunately, all not specifically valuable to traders. The information can be more efficiently retrieved from within the MT4 trading platform.
Deposits by wire transfer may take as much as 5 to 7 days for funds availability, while deposits through Visa and MasterCard are the fastest. Aside from the minimum withdrawal of €/$/£50 via bank transfer, there are no minimum withdrawal amounts via other payment methods. Before you can trade with easyMarkets for the first time, you need to answer a few questions. The https://traderoom.info/easymarkets-introduction/ professional account is also listed as a “VIP” account with which traders benefit from a variety of perks.