Testing Easy Markets - a good forex broker ?

Easy Markets

EasyMarkets is one of the most popular Forex trading companies in the world. The company was registered in 2003 under the name Easy-Forex, but in 2015, the company rebranded to Easy Markets. The rebrand was in line with the company’s objective of connecting its customers with global markets. The company headquarters are located in Cyprus and it is regulated by CySec. In addition, the company has acquired a license from MiFid to operate in Europe and also operate in Australia under ASIC regulations. Today, the company boasts of more than 1.5 trillion US dollars in turnover as well as over 100,000 active traders.

Features

One of the reasons why EasyMarkets has remained a dominant figure in Forex trading for the last 14 years is their innovative products. The most popular feature of the company a risk free type of trading option which gives traders an opportunity to cancel any foreign dealing within 1 hour. As a result, most people are able to reverse their transaction if they notice things going contrary to their predictions. The option prevents the user from losses in case the market experiences unexpected turbulence. Another unique feature offered by the market is the vanilla option. Most Forex trading companies offer binary trading which is different from the vanilla trading. Unlike the binary option, the vanilla option does not have a limit on the amount of payout that one can make. In addition expiry date in the vanilla option is flexible and can be customized according to trader’s needs. Other notable features of the account include free demo, Islamic banking option, mobile application option, toll-free trade alerts using SMSs, protection against negative balance, over 300+ markets to be accessed and a minimum balance of $100.

Trading platform

The company offers traders with a web-based trading platform which is user-friendly and fast loading. In addition, the company has invested heavily in the platform security to ensure that customer data such as card details are well protected. Some of the outstanding feature of the platform includes expert advisor, and inside the viewer. The platform also has a mobile application which makes it possible for traders to access in remote places.

Types of accounts

The most popular account under EasyMarkets is the standard account where one can start trading with a minimum of $100. In addition, the company has an Islamic account for Muslim traders which comply with sharia laws. All accounts have a standard fee charged for trading using the platform and the fee depend on the transaction costs. The VIP account is the highly ranked and holders have access to a personal analyst as well as phone trading feature.

Easy Markets Pros

- The company works with renowned banks all over the world providing more value to their clients

- High professional levels as a result of many years of trading experience

- Their platform is easy to use, and their registration process is straightforward

- Has a specialized learning program for beginners in Forex trading

Easy Markets Cons

- Unlike many Forex trading companies, the company platform does not provide locking capability after a transaction is done.

Summary

In summary, the company has over 14 years of experience in Forex trading, and it is licensed to trade in Europe and Asia countries. The company has one of the easiest to use trading platform. Due to their many years of experience, they are able to provide the best value for their customers.