One of the First Forex Brokers in the World – EasyMarkets Review

When getting into the world of foreign currency exchange (forex), finding the right broker is so important. One commonly used platform at the moment is the easyMarkets Forex Broker. As one of the most commonly mentioned names in the industry, you might presume they are market leaders: are they worth your time, though? Should you really look to use a platform like easyMarkets?

Let’s take a look at what they offer and why this service may – or may not – be the right choice for you. So, what makes it a good – or bad – choice?

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History

Having been around since the early 2000s, there’s a lot of reasons to trust easyMarkets. If you want to get into forex, it makes sense to avoid the numerous fly-by-night traders who cut around: if nothing else, there is a clear and visible history here.

Based in Cyprus they are a well recommended FX firm that is regulated by CySEC on the European markets and by ASIC on the Australian market. For that reason, you can feel safe: they have a legitimate, genuine history.

Bonus Offers and Promotions

Since you only need to put in $100 as your minimum trade on the standard account, getting started with easyMarkets Forex is quite easy. Their promotions are pretty decent, too, which makes it a good starting point for many people. You will find that their promotions allow you to choose which bonuses that you wish to take on as time goes on.

This can include stuff like tradeable bonuses, welcome bonuses up to $25 and also stuff like Refer a Friend programs that deliver you as much as $2,500 depending on various factors. As far as their bonuses and promos go, they are very easy to work with.

You can also easily share your market link with social media, making it easy for you to really push this. However, please note that anyone in the EU is not able to make use of their promotions.

Regulations

This is extremely well regulated, and for that reason you can feel pretty safe working with it. Thanks to the variety of options that they have, you can be sure that this site allows a happy combination of various critical factors – all regulated by the right kind of bodies.

For example, easyMarkets is regulated using CySEC and is also licensed in Europe by the MiFid, while in Australia it is regulated by the ASIC. It has offices in Warsaw, Sydney and Shanghai as well. At the moment, they have over 100,000 active traders and have a whopping turnover of over $1.5tn.

So, you can feel pretty comfortable using the system as it is well regulated. The bodies which watch over it are some of the most respected in the world, making it easier for you to feel comfortable using this platform. If you want to use a well-regulated platform, this is it.

Platforms Provided

In terms of the on-site features, they have some very good platforms for you to work from. They offer a risk-free trading option, which means you can cancel any trade that you put on within a single hour – if you get an instant bad feeling about a trade, you now have the chance to pull out before things go south. All you need to do is choose the risk-free option when placing your bet.

For those who want to help protect themselves in volatile markets, this can be exceptionally useful to drive a more reliable means of money management. However, it’s also important to note that you get access to vanilla options – these options are quite different to normal binary trades in that they have no limit on payouts. They also have no expiry date, which can mean that if you want to really push things then you easily can.

Knowledge and Support

They provide a lot of useful tools for learning from, giving you Beginner, Intermediate and Advanced education courses. These will help you to learn the basics of forex and of the market itself, as well as learn about more advanced trading concepts. It’s great for helping the fledgling beginner and also the victorious veteran learn even more about the options open to you.

Customer support is nice and friendly, too. They offer numerous options for you to pick from, which allows you to get fast help via things like Live Chat and e-mail. This makes it easy for you to solve problems, with a customer support team who are pretty friendly and make it easy for you to understand why something may or may not have gone wrong.

Money Management

In terms of managing your cash, you will be happy to know that the ease of withdrawals and deposits is made extremely simple. You can put your funding into your account using a whole host of options. You can use debit and credit cards, or you could use e-wallet options like Skrill, Neteller, WebMoney, Global Collect and some various other options dependent on where you are based at present.

You will also get to enjoy a wonderful experience brought on by vast improvement of their withdrawal systems. Unlike other sites easyMarkets does not charge you any kind of commission on the withdrawal. You will have no kind of extra fees put on top of you if you withdraw to a credit/debit card or to an e-wallet – and there is also no minimum withdrawal limit.

Bank accounts, though, will need you to be taking out a minimum of $50 USD.

Verdict

Overall, easyMarkets is a well-respected broker with good reason. With so many useful options for doing just about anything that you wish with your forex account, that makes it much easier for you to get a start.

With vital learning tools, reliable support and user friendly customer service options, you can have a much easier time than you might with some of their numerous alternatives out there. It might not be for everyone, but it’s got enough users for you to feel comfortable using its services moving forward.