EGM Securities Overview:
- Regulated: N/A
- Head Country: Kenya
- Min $10 Deposit
- Operating Since: 2018
- Type: STP, ECN
- Spread: Variable
- Commission: From $7
- Platforms: MetaTrader 4, Web, Mobile
- Funding: Wire Transfer, Credit/Debit Cards
- Spread: Variable
Since 2001, easyMarkets has been offering traders around the world innovative features, flexible trading platforms and over 200+ global markets. They are an award winning and established broker that is under strict regulation.
In this detailed easyMarkets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
easyMarkets is a regulated online trading broker offering traders of all levels access to trade over 200+ trading instruments in global markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs & ETFs. They are one of the longest serving and largest brokers with many years of expertise and hundreds of thousands of clients in 160+ countries worldwide.
Since they were founded in 2001 and rebranded in 2016 from easy-forex to easyMarkets, their philosophy has been to provide easy, transparent, accessible and friendly trading services to all traders. They were amongst the first to offer online trading and have a powerful user-friendly web and mobile platform that is easy enough to use for novice traders yet advanced and flexible enough for the more experienced traders.
easyMarkets is proud to be a market maker because it enables them to keep offering fixed spreads whatever the market volatility is. They do not disable trading and conditions always remain the same. Costs can be calculated prior to taking a trade due to the fixed spreads and no slippage on their web platform.
easyMarkets offer a range of innovative products, tools and services. These unique tools include free guaranteed stop loss, insideViewer, Freeze Rate and dealCancellation.
easyMarkets are rated excellent with 600+ reviews on Trustpilot. They have won over 37 international awards including Best Forex Broker (The Forex Expo 2019, Dubai), Best APAC Region Broker (ADVFN International Financial Awards 2018) and Most Innovative Broker (World Finance Markets Awards 2018).
easyMarkets are regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and in the Asian Pacific Region by the Australian Securities and Investment Commission (ASIC). They were amongst the first firms to be registered and licensed by these authorities. The broker later acquired an FSA Seychelles Licence to cover global clients.
They are also fully compliant with all European Securities and Markets Authority regulations (ESMA). ESMA is an independent EU Authority that contributes to safeguarding the stability of the European Union’s financial system by enhancing the protection of investors and promoting stable and orderly financial markets.
Client funds are held in segregated top tier global bank accounts away from the company funds so that they cannot be used for any other purpose. These funds are only accessible to clients and readily available as and when they need them. All trading accounts have negative balance protection that guarantees a client cannot lose more than their initial investment.
Company accounts are regularly audited. In addition to independent auditing, they also have risk managements in place to regularly identify, assess, monitor and control each type of risk associated with its operations.
As part of their continued commitment to clients, easyMarkets strives to remain a transparent, trusted and regulated online broker. They maintain sufficient liquid capital to cover all client deposits, any potential fluctuations in the company’s currency positions and other expenses. Having these regulations and policies in place, helps to ensure clients that funds and transactions are secured and protected.
easyMarkets do not provide services for residents of certain regions, such as the United States of America, Israel, Iran, North Korea, Iraq and some other countries. Some easyMarkets broker features and products mentioned within this easyMarkets review may not be available to traders from specific countries due to legal restrictions.
easyMarkets provides traders with multiple trading platforms to choose from, flexible to suit individual needs.
The easyMarkets trading App puts the global markets at your fingertips with its intuitive design giving you access to all trading and information from the same user-friendly interface. You can access live real time prices and market news directly from within the app. Features include integrated tools for conducting analysis, dealCancellation, Freeze Rate and Free Guaranteed Stop Loss and Take Profit.
Available on iOS or Android devices, it gives you all of the same features as the easyMarkets web platform with access to markets everywhere in the world that you have an internet connection.
The easyMarkets trading app offers a variety of different ways to trade according to your trading strategy and goals.
easyTrade is an innovative product created by easyMarkets that allows you to easily place trades with zero spreads and no margin requirements, based on some pre-set parameters that you enter into the simple interface.
You can set the maximum risk that you are comfortable with before trading, how long the trade will last with an expiry time (or close it manually before this) and what direction you with to trade.
You can choose from over 150+ markets with the simple day trading tickets. Features include the ability to cancel a losing trade within an hour for a small fee using dealCancellation. The FreezeRate feature allows you to freeze prices to place your trade at the price that you want.
The pending order trading gives you more flexibility and control with the ability to set the rate and date at which you would like your positions to be opened. Freeze Rate can also pause the market at the prices that you want.
You can trade Vanilla Options with easyMarkets. These are a popular financial product often used by institutional traders to hedge against volatility but can also be used for long term trading.
easyMarkets Web Platform
The easyMarkets web platform is accessible through your browser and requires no software to be installed. You just need a web enabled device and internet connection. It is full of useful analytical trading tools and customisable features. Is has a very user-friendly interface that is simple to navigate and quick to learn. Over 200+ instruments are available on the web platform with features including dealCancellation, Freeze Rate, Free Guaranteed Stop Loss and Take Profit, no slippage, fixed spreads and no funding or withdrawal fees.
MetaTrader 4 (MT4) is one of the most popular trading platforms in the world. MT4 is well known for its easy to use interface and quick learning curve. It was developed by Russian company MetaQuotes, is available in multiple languages and free to download.
MT4 has a wide range of built-in technical indicators for analysing charts on multiple timeframes. You can load pre-set trading strategy templates or create your own and save them for future use.
There is a built-in MetaEditor where you can programme your own custom indicators and automated trading systems known as expert advisors (EAs). There is also a large online MQL4 community where traders share ideas and trading tools.
MT4 supports multiple order types including market execution and pending orders. You can enable one-click trading for more efficiently entering positions at the prices that you want.
In addition to the many features MT4 already has, easyMarkets offer good trading conditions, fixed spreads for price transparency, negative balance protection, free guaranteed stop loss and take profit, trading central news and analysis. There are 80+ markets to choose from including forex currencies, precious metals, commodities, indices and cryptocurrencies.
MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
easyMarkets Trading Tools
The dealCancellation feature gives you the ability to undo a trade within one hour for a small fee. This is useful if you have made a mistake and want to reclaim trade losses. This feature can be switched on or off.
The inside viewer is a sentiment tool that will show what percentage of other easyMarkets are buying or selling a particular trading instrument. Sentiment analysis is often used as part of a contrarian trading strategy.
The freeze rate feature lets you pause the market at a specific price rate and place your trade at this frozen rate.
You can set your account and platform to send you up to date notifications to keep you informed about the latest market and account activity.
You can monitor the rates, percentage change and high/lows of multiple markets. These can then be loaded into your trading ticket with just one click.
Live Rate Graphs
The charts display current and historical market movements. They can be used to spot potential trading opportunities by looking for price action patterns and using technical indicator analysis.
easyMarkets have an integrated financial calendar within the platform so that you can easily keep up to date with the latest financial releases.
You can get the latest market news releases directly into your platform to stay up to date with the latest happenings across different markets. News releases are often used as part of a fundamental analysis.
You can increase your trading knowledge using the various articles, videos and eBooks that easyMarkets provide. They are free to anyone who opens an account and cover a range of topics suitable for beginner and experienced traders. Topics include trading strategies, trading psychology, technical analysis, risk management and an introduction to trading. There is also an FAQ and trading glossary.
easyMarkets offer traders multiple ways to trade on multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs & ETFs.
Forex trading is a massive global market with over $5.3 trillion in currency exchanged every day. The currency market is open 24 hours a day, 5 days a week, with 3 main trading sessions around the world. These are the New York, London and Tokyo sessions. easyMarkets have over 95 major, minor and exotic currency pairs to choose from, including popular pairs such as the EURUSD, GBPUSD, USDCHF & USDJPY.
Through easyMarkets you can trade 14 CFD global indices such as the S&P 500, FTSE, NIKKEI, DAX, NASDAQ. Indices offer a mixed portfolio of top company stocks (Amazon, Nike, Honda, Sony, Olympus, BMW, Adidas, Airbus, etc) and are therefore considered a diversified product. They are separated into specific economies and can be impacted by interest rates, jobs data and strength of currencies.
easyMarkets offer CFD metal trading so you can trade precious metals such as gold and silver without actually needing to own the physical product. Precious metals are often considered safe heavens and used to hedge.
easyMarkets provide access to trade both energy (hard/mined products) and agricultural (soft/grown products) CFD commodities. Commodities available to trade include oil, gas, wheat, coffee and sugar. Commodity trading is a popular way to diversify a portfolio and is primarily driven by supply and demand.
Cryptocurrencies are online digital currencies based on blockchain technology and complex mathematical algorithms for security. Cryptos are considered by many as the next evolution in currency. easyMarkets offer Bitcoin, Ethereum and Ripple, with no exchange account or digital wallet necessary.
easyMarkets Accounts & Fees
There are 2 main account types, the VIP account for the easyMarkets web/app platforms or the VIP account for MT4. The account you opt for will most likely depend on what platform you wish to use. The main difference other than the platform used is that the VIP account for web/app has lower trading costs overall due to the tighter spreads and no slippage. Demo accounts are available if you wish to test the different trading platforms and conditions before opening a real account.
VIP Account Web/App
This account will allow you to use easyMarkets very own web and mobile app platforms which include extra unique features such as dealCancellation, Freeze Rate and Inside Viewer.
This account requires a minimum deposit of $100. The minimum position size on this account is 0.05 lots with fixed spreads on the EURUSD starting from just 1 pip, no commission charged and no slippage. Flexible leverage of up to 1:400 is available although EU clients have leverage capped at 1:30 due to MiFID regulations. There are no account fees or charges for deposits and withdrawals. These accounts have negative balance protection and guaranteed stop losses.
VIP Account MT4
This account will allow you to use the easyMarkets MT4 platform and requires a minimum deposit of $100. The minimum position size on this account is 0.01 lots with fixed spreads on the EURUSD starting from 1.8 pips and no commission charged. Flexible leverage of up to 1:400 is available although EU clients have leverage capped at 1:30 due to MiFID regulations. There are no account fees or charges for deposits and withdrawals. These accounts have negative balance protection and guaranteed stop losses.
As broker fees can vary and change, there may be additional fees that are not listed in this easyMarkets review. It is imperative to ensure that you check and understand all of the latest information before you open an easyMarkets broker account for online trading.
easyMarkets welcome all queries and are happy to assist in a prompt and efficient manner through their award-winning support team. They can be contacted at one of their local offices or headquarters via email and telephone. There are also online chat options including Facebook, Viber and WhatsApp. Supported languages include English, Chinese, Polish, Arabic.
easyMarkets Deposit & Withdrawal
easyMarkets have a wide selection of deposit and withdrawal methods without any fees. The method you choose may depend on how long it takes to process. If you want something quick then you may consider an online payment processor such as Skrill or Neteller. Please note that some methods may only be available to specific countries.
Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant.
Accounts can be opened in USD, GBP, EUR, CAD, AUD, ILS, CNY, NZD, NOK, CHF, JPY, PLN, SGD, ZAR. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
easyMarkets Account Opening
Signing up for an easyMarkets account is simple process. You need to complete the form on the website and then verify your email. Following on from that you can choose your account type and submit documents to verify your identification (e.g. passport) and address (e.g. utility bill). Once approved by the easyMarkets account team you will be able to fund your account and start trading.
easyMarkets has been around for a long time and established themselves as an innovative broker with unique features not available elsewhere. The platforms and tools are very flexible to suit all styles of trader whilst there is a wide range of trading instruments across multiple markets. They have won multiple awards and are under strict regulation which helps to give clients peace of mind they are using a broker that can be trusted.
CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money.