This useful tool, “Inside View,” shows what percentage of traders are buying and selling, which allows for a better understanding of market movements. On the other hand, the broker is unavailable on the MT5 platform, which is an improvement over the provided MT4 platform but not really a deal breaker. In addition, the broker is not listed on any stock exchange and does https://traderoom.info/ not hold a banking license. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. EasyMarkets supports a range of funding methods including bank wires, Neteller, credit cards, and Skrill.
- EasyMarkets Professional Level Account is an account for experienced and most demanding professional traders.
- There are also CFDs for precious metals, commodities and indices.
- 2) Your financial portfolio including deposits must exceed €500,000.
- It is user-friendly and can suit any type of trader at any skill level.
They have really fast customer service…
This means that the broker does not manage the order and hence cannot protect you from any potential market moves that take you into negative equity. Of course, leverage is a double-edged sword and you want to make sure that you have implemented the correct risk management procedures to limit potential downside potential. You can run the same calculations on the other assets that are available to trade on the web platform. Of course, those assets that are more volatile will have a lower leverage limit. When you have this account level, you will get your own personal account manager. You can reach out to them at anytime on account related queries.
Such a nice platform with a great…
The easyMarkets mobile platform again succeeds in being attractive, user-friendly, compact, and powerful. These are attributes that will appeal to all levels and types of traders. In desktop format, they avail of the ever-steady MT4, and they have their own proprietary easyMarkets platform available in both web and mobile formats. Since my introduction to easyMarkets approximately a week ago, I have made huge strides in my goal to start trading equities.
Forex Risk Disclaimer
CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. EasyMarkets deposits and withdrawals are free of charge, but third-party fees may be applicable.
Traders can configure the chart with customized indicators and technical analysis tools. Traders can also chart each instrument on multiple time frames. The execution screen has a simple design where traders can set amounts, risk limits and dealCancelation rates with the slide of a finger. EasyMarkets hasn’t yet published spreads for all their listed cryptocurrencies.
If the account remains inactive, this fee is then charged every six months thereafter. This effectively means that the cost is entirely built into the fixed spreads that the broker offers. These fixed spreads vary considerably depending upon account choice, with their basic EUR/USD spread of 3 pips https://traderoom.info/easymarkets-introduction/ for a standard user, starting from 1.2 pips for a Super VIP user. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.
The online support chatline is extremely responsive and helpful. I highly recommend easyMarkets to anyone wishing to start trading in equities but be sure to diligently complete the online training before taking the plunge. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.
You can trade the three major cryptocurrencies, which are Bitcoin, Ethereum, and Ripple. You do not need to own a wallet or deal with complicated cryptocurrency security keys as you can easily trade them from your account, just like the FX pairs. All trades are quickly filled immediately you submit them online.
You can kind of think of it as an insurance policy on the trade. It’s time to move onto one of the most important things for any trader and that is the technology and platforms that they have at their disposal when using a particular broker. As mentioned above, another benefit of easyMarkets is that they have negative balance protection. With negative balance protection, easyMarkets is able to ensure that a traders account will never go into negative equity. One of the most noticeable differences between these accounts is the spreads that you will get when trading.
New traders who register a real account with a broker may receive a sign-up bonus, a deposit bonus, or a welcome bonus. Brokers usually offer this kind of bonus to new traders to draw more customers and encourage trading activities. Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit made. Yes, easyMarkets offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. There are pricing differences between the two versions on easyMarkets however – the MT5 account features variable spread pricing but you can access fixed spread pricing with the MT4 account.
