With the Freeze Rate button, you have the ability to freeze live rates momentarily to open or close trades. Even if the market changes during that time, easyMarkets will execute an order for you at that frozen buy or sell quote you select. In order to activate this feature, you need to click on the Freeze Rate button before you click on either sell, buy or close. CySEC has low leverage because they want to protect retail clients as leverage can increase the risk of losing money. Low leverage means less money will be lost if forex movements are unfavourable.
- Which successfully went in my favor and withdrew the funds through Skrill which I initially deposited with.
- However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points.
- For instance, distinguished traders can trade EUR/USD pairs at 0.9 pips or less!
- EasyMarkets offers CFD trading in a variety of asset classes including forex, metals, agricultural goods, energy, indices, and cryptocurrencies.
Excellent Customer Service
Although mobile trading can be convenient, it is hard to replicate the same conditions as a PC. Charting is harder, connections are slower and order management is more cumbersome. However, if you are going to be away from your desk it is a handy tool to monitor your levels. This tool could also be helpful around economic events that tend to drive up the volatility in the markets.
Customer Service Rating
They also offer traders the security of trading with a regulated broker. All of these features and more makes easyMarkets a good broker for beginners and pros alike. Our easyMarkets review found that customer service and training were the two key strengths of the forex broker. When it comes to customer support, three of the four accounts offer a personal account manager. It is advised that a premium account be considered if you want regular customer service to assist with your day-to-day forex trading. 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.
Client Support
You get no slippage, guaranteed stop-loss orders, and fixed spreads when you trade online. There is also the option of quickly cancelling a trade in case you made a mistake. The options trading function also offers a unique insiders look that allows you to see what trades are being made by other traders. EasyMarkets has been providing its services for a long time and has built a reputation as a prudent broker with unique features not found generally. There is a wide variety of trading products across a variety of markets, and the platforms and tools are versatile enough to satisfy any trader. They have won numerous awards and are subject to strict regulations, giving investors’ confidence to deal with a reliable broker.
These tools are designed to cater to different trading styles and strategies, offering advanced capabilities and valuable insights. In this short note, we explore some of the key tools offered by easyMarkets. Yes, they provide negative balance protection, which ensures that traders do not lose more money than they put into their trading accounts.
Withdraw methods:
EasyMarkets offers trading with zero commission which is great but you must consider that it is because the commission fee is included within a spread mark-up. Therefore, that means that you won’t get access to the lowest spreads like you would if you were trading on an ECN broker such as IC Markets. They have raw spreads from just 0.0 pips but do charge a small commission fee. You just need to decide if you want access to tighter spreads or if you would prefer no commission fee.
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. You’ll also find a host of different blogs which are accessible through a separate site. Moreover, Market News with explanation is updated several times each day before the London session starts. EasyMarkets training section also includes an innovative chart analysis page that helps traders to select the best possible product from the list and analyzed in real-time.
You also can take a look at the option sensitivity analysis or the all important “greeks”. These include the sensitivity of the option to the strike price, volatility, passage of time and other input variables. Easy Markets has a range of platforms that you can use including their own proprietary technology as well as some well known third party applications. With STP (Straight Through Processing) brokers, your orders are routed straight to the liquidity providers.
EasyMarkets (formally Easy Forex) includes guaranteed negative balance protection for all their clients. This risk management feature means your account balance will not go negative. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, https://traderoom.info/ such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. However, the availability of deposit and withdrawal methods may vary depending on the trader’s location. Please note, this review has discovered that easyMarkets doesn’t charge any fees when traders fund or withdraw from their accounts.
For your reference, information on spreads, overnight fees, and other expenses can be found on the easyMarkets website’s trading conditions page. Traders should consider this, especially when trading in an unsupported principal currency by the broker. Clients must be mindful of these expenses since they can impact the actual value of any deposits or withdrawals made from their accounts. As a result, it significantly benefits traders by facilitating better management of their trading outlays and enhances EasyMarkets’ transparent fee structure for an enhanced client experience. ➡️Indices – Overall, the broker provides 27 indexes, allowing traders access to global markets and economies without the need to trade individual companies. For seasoned traders who want a high-quality trading experience, the Web/App VIP Account is ideal.
The broker will try to exit you at your stop loss, but if they can’t exit you, you bear the loss. To access this feature you need to be using the easyMarkets platform, not the MetaTrader 4 platform which easyMarkets also offers. When taking your position, you must activate dealCancellation as shown on the screenshot below. When you do this, a small premium in the form of a slightly wider spread will be charged.
Another really important consideration for any trader has to be the fees and spreads. These are, after all, the factors which can directly impact on your trading returns over the long term. Client funds are kept segregated accounts at different banks, which means that in case of insolvency, client funds cannot be accessed by creditors.
You’ll find a “Getting Started” section, a “Discover” series, free eBooks, Knowledge Base, a Trading Glossary, a description of the key economic indicators and detailed FAQs. These materials cover a wide variety of topics from reading a stock chart to trading strategies. You can take advantage of this leverage without having to worry about stop losses. Your risk remains limited by how much https://traderoom.info/easymarkets-introduction/ money you’re willing to put at risk up front and you can still enjoy unlimited potential profit on each trade. It’s worth noting that leverage is the difference the broker offers varies by the regulator that applies to the relevant territory. Once a trade is made, a countdown clock shows how much time is left for the trade to be cancelled without realising a loss using this feature.
