EasyMarkets group includes 3 related companies.
EasyMarkets CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Fibo Group BVI - located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).
EasyMarkets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, BVI company accepts European traders, so one can open a trading account there.
EasyMarkets group accepts clients from all over the world, excluding USA, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, Congo, Dominica, Equatorial Guinea, Fiji, Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, Nicaragua, North Korea, Palau, Panama, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, Yemen.
Forex broker offers the following underlying assets for FX trading.
|60+ Currency Pairs||Based on major and minor world currencies.|
|6 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ripple, Ethereum, Litecoin, Stellar.|
|15 Indice CFDs||Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.|
|14 Metal CFDs||Based on Gold, Silver, Platinum, Palladium and Copper.|
|5 Energy CFDs||Based on Crude Oil (WTI, Brent), Gas Oil, Heating Oil and Natural Gas.|
|7 Soft CFD||Based on Coffee, Corn, Cotton, Cocoa, Soubeans, Sugar, Wheat.|
|50+ Stock CFDs||Based on shares of AU, US, UK, EU, JP and HK companies.|
Forex broker offers the following underlying assets for Vanilla Options (EasyTrade) trading.
|25+ Currency Pairs||Based on major and minor world currencies.|
|2 Metal Options||Based on Gold and Silver.|
|1 Energy Option||Based on Crude Oil (WTI).|
As a major forex and CFD broker with entities regulated in many parts of the world, EasyMarkets is a well-known brand in the industry. The broker offers trading in a large range of instruments, gives access to high leverage, and has a track record going back as far as to 2001.
A special thing to note for European traders is that although they would normally be assigned to the Cyprus-based branch of EasyMarkets, that would limit the amount of leverage they can use to just 1:30. In order to get high leverage of up to 1:400, therefore, EU-based traders can choose to open an account with one of the offshore-based branches, which is an easy way to get around these restrictions.
In our opinion, it’s when it comes to the selection of instruments that can be traded that EasyMarkets really stands out as a broker. With the exceptions of only government bonds and exchange traded funds (ETFs), EasyMarkets offers trading in nearly all asset classes that can be traded, including of course stocks, forex, indices, crypto and commodities.
Interestingly, EasyMarkets is also one of just a few traditional forex brokers to offer forwards contracts on forex pairs - an excellent way to hedge in the market by locking in future prices. In addition, the broker also offers a form of options trading it calls EasyTrade, based on forex, precious metals, and oil as the underlying assets.
The EasyTrade options are different from binary options in that they offer more flexibility to the trader, and unlike binary options they are - according to the broker - fully compliant with EU regulations. Further, the EasyTrade options are also a clever way of getting around the strict EU and Australian regulations on leverage, given the significantly leveraged exposure it offers.
In order to facilitate trading in the unique options and forwards contracts EasyMarkets has, the broker has developed its own web-based trading platform simply known as the EasyMarkets Web Platform. The platform can be used on both desktop computers, tablets, and smartphones, and provides an interface that appears simpler and perhaps easier to learn than MetaTrader 4 (MT4), which the broker also offers.
Another quite unique thing about EasyMarkets is that there are really just two types of trading accounts for EU-based retail clients; one for users of the broker’s own platform and one for MT4 users. Trading conditions here are mostly the same, but MT4 users will get slightly lower spreads on most instruments, with both account types offering commission-free trading and the same leverage of 1:30 for EU-based clients. Both account types are available for a minimum deposit of just USD 25.
For non-EU clients, however, there is some more variety in terms of account types. The choice for these clients is between a VIP, Premium, and Standard account. Among these, the VIP account is obviously the best one, but it unfortunately comes with a high minimum deposit requirement of USD 10,000. The next best accounts are the Premium and Standard accounts, available for minimum deposits of USD 2,000 and USD 25, respectively.
Trading accounts with this broker can be opened and denominated in 19 different currencies, including bitcoin (BTC). All of the trading accounts are STP-type of accounts, with commission-free trading and spreads starting from 0.9 pips on the VIP account and 1.9 pips on the Standard account.
For any support needs, EasyMarkets can be reached via phone, email, website live chat, or the messaging apps Facebook Messenger, Viber and WhatsApp. Unfortunately, no working hours for the broker’s support team has been made public.
All in all, we believe EasyMarkets has a good offering to traders, especially with the possibility of trading options that gives highly leveraged exposure even within the EU. This is rather unique and something we haven’t seen from many other brokers. It’s also worth remembering that EasyMarkets is a well-known brand in the industry, and that it is overseen by several reputable regulatory agencies, making it a safer choice for traders.