Easy Markets is a leading online trading services provider founded in 2003. Its head office is located in Cyprus with branch offices, Forex trading rooms and client support centers in more than 160 countries all over the world. With its liquidity providers being The Royal Bank of Scotland (RBS), and UBS (in Switzerland), easy-forex assumes the status of a market maker. This broker is licensed in Europe with MiFID, in Australia by ASIC, and in Cyprus by CySEC.
When first creating an easy markes trading account, traders, according to the level of risk they are ready to take, can determine the type of account they wish to use. A Standard account is presented with a margin of as low as $25. Other account types are VIP and Premium. The type of the account will also define the spread given to the customer, varying from 3 pips for standard accounts, 2.5 pips for Premium accounts and 1.8 pips for VIP accounts.
Traders can also create an easy forex demo account, and trade on mobile, desktop or online. There are guaranteed stop-loss, free personal trainers, and other functionalities comparable to a real trading account.
The company also provides trading accounts which comply with the Islamic Sharia law. No rolling fee is charged on Islamic trading accounts when traders extend their Day-Trading deals to the next day. Therefore, the highest duration allowed for Day-Trading deals is limited (usually one week but it can also be less or higher depending on the currency pair used in trading).
Traders can choose over 175 products varying from currencies, metals, and commodities to options, using their trading accounts on desktops, tablets or smartphone devices.
The brokerage company also offers a wide assortment of Energy Commodities such as WTI Crude Oil, Natural Gas, Heating oil, Brent, and Gasoil. There are also various energy commodities pairs such as OIL/USD and HEO/USD, among others. There is also an extensive range of agricultural commodities far more than what most brokers provide such as cocoa, coffee, and corn.
Traders can benefit from the easy-forex Trade Simulator free of charge with no risk or obligation. The Trade Simulator allows novice traders to explore the easy-forex platform functionalities which comprise the Inside Viewer that reveals to them the most commonly traded currency pairs during the easy markets trading hours or the Trade Controller that lets them visually set their risk management plan.
The trading simulator is an excellent way to hone trading skills or to try out some trading tactics.
As mentioned earlier in this easy markets review, the company provides a host of educational tools for traders. There are tutorial videos for both new entrants and seasoned traders and a free Forex guide ebook that users can download, and comprises necessary information on trading in general as well as hints and procedures for prosperous Forex trading.
Forex webinars are online and can be accessed from anywhere in the world and seminars provide an opportunity for traders to meet the easy-forex team in person and communicate with fellow traders from other regions. An added opportunity to meet other traders is provided at easy-forex expos which take place regularly in various locations. A listing of upcoming events such as the expos is listed on the website. Users can choose from an assortment of several articles on various aspects of Forex trading in the ‘Further Reading’ section.
Several promotions were going on when writing this review. The company was offering a 20% bonus up to $2000 on a trader’s first deposit. A trader need only deposit any amount with the Win-Win bonus. Easy-forex doubles the win if the trade comes in as a profit; The broker will cover it up to $200 if it’s a loss. By offering $300 in risk-free trading to anyone creating an account, Easy-forex makes option trading easy.
Should a trader choose to become an affiliate or introducing broker with this company, he/she can earn up to $600 as online affiliates and up to $100 lot rebate as introducing brokers. All partners gain 10% cuts from their sub-affiliates.
Traders can fund their easy-forex accounts with credit cards or through wire transfers. The company accepts 12 different currencies.
To make withdrawals, traders are required to fill out an online form. Funds are reimbursed using the same deposit methods. Deposits and withdrawals are free of charge.
Clients can reach an easy-forex representative by telephone at the company’s two central offices in Sydney and Limassol. Queries can be sent via email, and snail mail can be sent to the company at their address in the Marshall Islands. Live Chat is also available during trading hours.
Indices and Commodities are traded as CFDs and settle two working days before the expiry of the underlying exchange at 12:00 GMT. The closing time of each CFD is explicitly asserted in the trade ticket as are open positions and MT4 Market Watch.
Traders can set options to expire up to six months from initiation date. Options that expire on any given day do so at 10:00 AM New York Time.
Easy-forex is a great all-around broker in the commodity and Forex markets. The website is easy to navigate and has a user-friendly interface. The broker is well regulated and provides a wide range of educational materials for both newbies and seasoned traders.