Review of EasyMarkets Broker Firm

EasyMarkets, a broker firm that has been operating since 2001, is known for its simple, straightforward approach to trading. However, while this simplicity may be appealing to beginners, there are several aspects of EasyMarkets that may not sit well with more experienced traders. This review aims to provide a comprehensive look at the strengths and weaknesses of EasyMarkets.

Trading Platforms

Web Platform

EasyMarkets offers a web-based platform that is user-friendly and easy to navigate, making it a good option for beginners. The platform provides a range of trading tools, including price charts and technical analysis tools. However, the platform lacks the advanced features and flexibility that more experienced traders might expect.

Mobile Platform

EasyMarkets also offers a mobile app that is available for both iOS and Android devices. The app is well-designed and allows users to trade on the go, but again, it lacks some of the more advanced features that seasoned traders might want.

Trading Instruments

EasyMarkets offers a wide range of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies. However, the number of instruments available is somewhat limited compared to other brokers. Moreover, the spreads offered by EasyMarkets are not always competitive, which can impact the potential profits of traders.

Customer Service

EasyMarkets provides customer support via phone, email, and live chat. The customer service team is generally responsive and helpful. However, some users have reported issues with the resolution of their complaints, indicating that the quality of customer service can be inconsistent.

Education and Research

EasyMarkets provides a range of educational resources, including articles, videos, and webinars. These resources are helpful for beginners who are looking to learn more about trading. However, the research tools provided by EasyMarkets are somewhat limited, especially when compared to the offerings of other brokers.

Regulation and Security

EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). While these are reputable regulatory bodies, it’s worth noting that EasyMarkets is not regulated in all jurisdictions, which may be a concern for some traders. In terms of security, EasyMarkets uses industry-standard encryption to protect users’ data, but there have been some reports of account hacks, which raises concerns about the firm’s security measures.

Conclusion

In conclusion, EasyMarkets is a broker firm that may be suitable for beginners due to its simple, user-friendly platforms and educational resources. However, more experienced traders may find the firm’s offerings lacking in terms of advanced features, trading instruments, and competitive spreads. Additionally, while EasyMarkets is regulated by reputable bodies, its lack of regulation in some jurisdictions and reports of account hacks raise some red flags about its security measures. As such, traders should weigh these factors carefully when considering whether to trade with EasyMarkets.