easyMarkets review - Regulations, proprietary platform, unique features and traders ratings.
What is easyMarkets and Easy Forex?
easyMarkets is a forex and CFD broker established in 2001. The trade name belongs to Blue Capital Group with the following subsidiaries:
- Easy Forex Trading LTD regulated by SYSEC (Cyprus)
- Easy Markets Pty Ltd regulated by ASIC (Australia)
- EF Worldwide Ltd company incorporated in Marshall Islands
Easy Markets offers proprietary WebTrader platform and mobile app in addition to popular MT4 (with browser based version excluded). Traders reviews below often mention two unique easyMarkets tools:
- dealCancellation - for a fee traders can undo their trades for up to 6 hours
- Freeze Rate - button that allows up to 3 seconds of quote freeze
both are viewed as Pros or Cons based on the individual trading style. GSLO (Guaranteed Stop-Loss Order) feature is offered fee-free.
Easy Forex investment instruments include over 60 currency pairs, and cryptocurrencies, precious metals, stock indexes and commodities as CFDs. The broker offers FxWirePro newsfeed and TradingCentras signals for live account holders, and some basic trading education materials mostly geared for the beginners.
Please read easyMarket Reviews below and share live trading experiences with this broker.
Related domains include BlueBullCap.com and Easy-Forex.com.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$100|
|Address:||P.O. Box 53742 Limassol 3317, Cyprus|
|Contact:||email@example.com, +357 25 828 899|
|Regulators:||ASIC #246566, CySEC #079/07, FSA-S #SD056, BVI FSC #SIBA/L/20/1135|
|Trading platforms:||MT4, WebTrader, MobileTrader (MobileApp)|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(3) Bitcoin, Ethereum|
|CFD:||(45+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay|
Recent User Reviews of easyMarkets
100% Easymarkets will block all experts advisors if you are profitable
Best broker to me, very honest
1. I like their fixed spread, it never changes which makes me trade easily because am aware of my trading expence even before opening any position. I hate variable spreads because sometimes they can manipulate (widen it) to trigger your sl. Thats why i trust easymarket with their fixed spread.
2. I have not had any problem withdrawing
Then i had $ 90 in my account and refused to return it back as they rejected my documents and didn’t give the feedback of the rejection reason.
Sent many mails without any reply
Easy Markets is doing Easy Fraud
On telephone Bharat told some of my friend say to him to not give profit.
How can company keep profit by saying of third person.
How non sens logic is this?
Just give me proof if i did something wrong.
If you have any proof give it here.
I can give you my statements you have changed my staement.
Dont just copy paste your term & conditions.
Tell me specifically what i have done wrong?
You can't do FRAUD with innocent clients by labeling fake excuses.
Apr 29, 2020 - 1 Star I just did trades in oil. I short sell the oil. who knows market will go up or down?
If market go up and i loss my funds, will you give it back to me?
There will be many traders who bought oil at that time and they loss their funds, have you gave back their funds?
If i make profit so why you are not giving me my profit. why Easy Markets changed my statements?
Can you tell me specifically which term and condition i have breached?
You are just doing FRAUD with new traders.
The below review is also of same nature he made money and you are not giving his profit and giving the same excuse of terms and condition.
Why don't you give the exact reason? Because you don't have any reason.
You just make lame excuses.
I can provide you my statements. I did trade on 3rd April and close my transaction on 6 april (My local date) mean while you send me my statement on my e mail. If i did something wrong why you didn't close my positions at that time. Why you send my transactions in e mail. Even for the statement of 6 April you send me my statement with my transaction close with profit.
When i requested withdraw on 7th April suddenly you changed my statement.
This is your Trick
You just want your clients to loose money.
Everyone be aware from Easy Markets FRAUD.
They don't give profit.
They want their clients to loose money
They change statements.
They do profit trades 0
Don't open account with Easy Markets
Apr 27, 2020 - 1 Star My Account No is 6670847. I opened account last month. I deposited $1000 on 25-03-2020. I started trading in differient currencies, indices and Oil.
In some transaction i make profit and in some transaction i did loss.Overall my account is in profit.
I requested some of my profit withdraw on 07-04-20202.
After that Easy Markets remove $5697 profit from my account.They did my profit trades 0. Easy Markets change my account Statement and block my account so that i cannot trade. But i already saved my statement. Also i received daily e mail of my profit.
When i try to contact my Account Manager he asked me to send e mail on compliance. Since then i am sending e mail to compliance but they are not giving my profit.
Please stay away from this company if you loose money they are happ but if you make profit they dont give your profit.
Reply by The easyMarkets Team submitted Apr 28, 2020 Dear Mr. Niazi,
As per our telephone communication we have advised that in using the services of our company, you have agreed and acknowledged that you will not use our products and services for any Unauthorized Activity. Please review the Client Agreement which you accepted and acknowledged in your start with us as well as what is considered Unauthorized activity: https://static.easymarkets.com/assets/assets/view/20191224-easyMarkets%20client-agreement-int-en.pdf?_ga=2.215869265.712898291.1587100171-4245329.1532797435
As already communicated to you, we have analyzed your trading activity and we have sent you the profits that you made through your legitimate trades. The unauthorized deals have been cancelled and your account has been closed. The Company reserves the right to take the appropriate action where deems necessary in circumstances where the terms and conditions of this agreement have been breached. The consequences of breaching one or more of the conditions, deemed as ‘unauthorized activities’, include but it is not limited to the suspension or closure of trades.
We remain at your disposal should you require any further clarifications regarding this.
Reply by The easyMarkets Team submitted May 5, 2020 Dear Mr. Niazi, we have analyzed your trading activity and repeatedly explained to you in our many telephone conversations the reasons why we have proceeded with cancellation of your unauthorized deals. As we understand, you were not aware that these actions were breaching the Client Agreement which you accepted on March 3rd 2020. For this reason, we have gone back to explain to you the following conditions of the Client Agreement that were breached through your trading activity in detail.
Please consult our Client Agreement clause 8.2 on Unauthorized Activities for your consideration.
8.2 ‘Unauthorised Activity’ means any act, including but not limited to:
e. Hedging in bad faith. Hedging is a strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, currencies, or securities. In effect, hedging in bad faith is the employment of various techniques but, basically taking equal and opposite positions in the same Financial Product or a Financial Product highly correlated at near the same time, indicating no interest in genuine trading. This can happen over a single account or over multiple accounts.
f. Use of excessive leverage. Excessive leverage is the opening of a position that requires a margin that is nearly all of the free balance. This strategy significantly heightens the danger of the clients’ account ending up in a sizeable negative balance.
j. Multiple Account Operation. Clients may not trade using the accounts of others or allow others to trade using their account.3 Evidence of this activity includes (i) accounts operating from the same location, (ii) using/indicating the same IP address, (iii) multiple accounts displaying the same deposit and withdrawal patterns, (iv) accounts showing similar or identical trading patterns or (v) accounts sharing the same device. Where this activity is discovered, the Company reserves the right to close the affected accounts and all related open trading positions
i. News Gap and Break Gap Trading Abuse. All products observe a break either intraday, daily or weekly. It is the norm that the last price before the break and the first price after the break to be significantly different. This difference, also known as a ‘gap’, means there is no market (no tradable prices) in that range. A gap can also be the outcome of news release. The Company is proud to offer in its Proprietary Platforms and mobile apps a guaranteed stop loss, take profit, pending order execution and negative balance protection to protect and enhance the trading of its clients. Negative balance protection is offered on all Platforms. Nonetheless, it is prohibited to use these features in bad faith. Examples where these features are used in bad faith are: I. Positions opened minutes or even seconds before the break or news release, in an attempt to generate profits without the risk of market moves. II. Positions that are large enough compared to the balance of the account, in an attempt to either generate profits or end up in a negative balance, which the company pays on your behalf. III. Simultaneous positions in the opposite direction (pending or marker orders), indicating no interest in the market direction.
As already advised through our email communications, the company reserves the right to take the appropriate action where it deems necessary, in circumstances where the terms and conditions of the CLIENT AGREEMENT have been breached.
AS SOON AS YOU GAIN MONEY....THEY DISABLE TRADING ON YOUR MT4
IF YOU ARE A LOSING TRADER, THIS BROKER WILL LOVE YOU!!!!!!
IF YOU ARE A WINNER THEY JUST DISABLE YOUR EA FROM TRADING!!!!!
My account number is 6560519 MT4
For whom is interested I have the chat recorded.
"EasyMarkets SIMPLY HONEST".... LMAO
As you have already been informed you are allowed to trade with easyMarkets but without the use of Expert Advisor. Moreover, the company has returned you all your funds plus the profits that you have gained with as an act of goodwill.
We remain at your disposal for any further queries that you might have.
If I could I would give a minus rating
I'm a 20 year trader veteran.
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.
Good beginner broker, excellent customer service, but expensive trading environment
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.
Hidden facts about easymarkets.com
They say that they are regulated by Cyprus CySEC) and Australia (ASIC) authorities, but they don't tell you that the vast majority of their traders have a business relationship with EF Worldwide Ltd (offshore jurisdiction) - that is not regulated by any authority. So, ask them before topping up the account about the company with whom you have a contractual relation.
This broker is a market maker. That means all the traders are trading between them and against the broker.
After reaching profit about 70% of deposited amount and 95% of all trades in profit, their representative called me and started to ask me if I'm using any software and why I open so many trades and close them manually. I told him because this is not forbidden by their T&C. They raised my spreads about 3 times. (from 2.5pips to 7pips for EURUSD) in an effort to stop me from making profit.
Anyway, they never refused to pay my profits, but they are not happy when trader is in profit.
They are not "simply honest"; not because they're lying, but because they don't tell you the whole truth.
Thank you for reaching out to us, as feedback helps us enhance our client’s trading experience with us.
easyMarkets is the business name of Blue Capital Markets Group of Companies. Blue Capital Markets Group of Companies consists of the following subsidiaries: Easy Forex Trading Ltd which is licensed and regulated by the Cyprus Securities and Exchange Commission (“CYSEC”), Easy Markets Pty Ltd which is regulated by Australian Securities and Investments Commission (“ASIC”) and EF Worldwide Ltd which is incorporated in Marshall Islands. Please be advised that we take all possible measures to ensure the relevant level of protection for our clients in accordance with the regulation of their region.
In regards to your concern about us being a market maker, kindly note that a market maker is the counterpart to all its clients’ positions, and always offers a two-sided quote (two rates: BUY and SELL). The relationship between the trader and the market maker is simply based on the fundamental market forces of supply and demand.
Moreover, the Company reserves the right to take the appropriate action where deems necessary in circumstances where the terms and conditions of the agreement have been breached. Please consult our Client Agreement in our Legal Page https://www.easymarkets.com for more information.
Please get rid off from this easymarkets scam
Spreads too high
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Frequently Asked Questions
Is Easy Markets regulated?
- Easy Forex Trading Ltd: regulated in Cyprus by Cyprus Securities & Exchange Commission (CySEC, License Number 079/07)
- Easy Markets Pty Ltd: regulated in Australia by ASIC (AFS license No. 246566).
Is Easy Markets legit and good?
Is Easy Markets legit?
- EasyMarkets holds Australia ASIC license and Cyprus CySEC license.
Is Easy Markets good?
- Unbiased traders reviews on ForexPeaceArmy is the best way to answer if Easy Markets is a good broker. https://www.forexpeacearmy.com/forex-reviews/12339/easymarkets-forex-brokers
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent Easy Markets community discussions: https://www.forexpeacearmy.com/community/tags/easymarkets/
What is the minimum deposit for Easy Markets?
- Standard account: the minimum is $100
- Premium account: the minimum is $2,000
- VIP account: the minimum is $10,000