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easyMarkets offers MT4 alongside its own trading platform, with fixed spreads on spot forex trading, options, and forwards on 175 instruments, which include free and premium trade protection tools.

Steven Hatzakis | July 13th, 2019

help 81
Trust Score
  • Only offers fixed spreads
  • No MT4 web and no news headlines in MT4 desktop

Review Sections:

Please Note: easyMarkets was not included in the 2019 annual review. As a result, this broker's ratings may be outdated. Read our Best Forex Brokers 2019 guide for a look at the top rated forex and CFDs brokers.

Founded in 2001, easyMarkets (formerly easyForex) was an early pioneer in offering retail forex trading and obtained regulatory status with the Australian Securities and Exchange Commission (ASIC) in 2005 under Easy Markets Pty Ltd, and in 2007 with the Cyprus Securities and Exchange Commission (CySEC) under Easy Forex Trading Ltd.

After launching its own proprietary trading platform, easyMarkets followed by offering MetaTrader 4 (MT4), the widely popular software developed by MetaQuotes Software Corporation, and integrates options trading capabilities from ORE Technologies LTD.

Ahead of 2016, easyForex rebranded to easyMarkets as the company pivoted from a forex broker towards a multi-asset offering. In addition to its easyMarkets web platform, the broker launched its mobile app in May 2017. Today, easyMarkets offers nearly 200 instruments, including 97 currency pairs, 22 metals, 12 commodities, 15 indices, and 29 options, and forward contracts.

Is easyMarkets Safe?

easyMarkets is considered average-risk, with an overall Trust Score of 81 out of 99. easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). easyMarkets is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.

Regulations Comparison

FeatureeasyMarketsIGSaxo BankCMC Markets
Year Founded2001197419921989
Publicly Traded (Listed) No Yes No Yes
Bank No Yes Yes No
Tier-1 Licenses1664
Tier-2 Licenses1412
Tier-3 Licenses0000
Trust Score81999898

Offering of Investments

The following table summarizes the different investment products available to easyMarkets clients.

FeatureeasyMarketsIGSaxo BankCMC Markets
Forex: Spot Trading Yes Yes Yes Yes
Currency Pairs (Total Forex pairs)9791182183
CFDs - Total Offered7815000329999959
Cryptocurrency traded as actual No No No No
Cryptocurrency traded as CFD Yes Yes No Yes
Offering of Investments 3.5 Stars 4.5 Stars 4.5 Stars 4 Stars

Commissions & Fees

easyMarkets offers three account types for which trading costs (spreads + any commissions) vary, and spreads are fixed (not variable) across its standard account, the Standard 1 account, and the VIP account.

The most competitive pricing easyMarkets offers is on its VIP account, which requires a $2,500 deposit, as well as its Standard 1 account, which requires a $250 deposit. Both offer fixed spreads of 1 pip on the EUR/USD on the easyMarkets platform (1.8 pips in MT4).

easyMarkets account comparison

The standard account – which can be opened with as little as $100 – has spreads of 3 pips on the EUR/USD, making it an expensive option compared to the other two account options.

FeatureeasyMarketsIGSaxo BankCMC Markets
Minimum Initial Deposit$100.00£250.00$2,000.00$0.00
Average Spread EUR/USD - Standard1.800.7500.9000.744
All-in Cost EUR/USD - Active1.800.3630.6000.744
Active Trader or VIP Discounts Yes Yes Yes Yes
Commissions & Fees 3 Stars 4.5 Stars 4.5 Stars 5 Stars

Customer Service

For our 2018 Forex Review, 129 customer service phone tests were conducted over three months. The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally (and thoroughly) answer each question. A Net Promoter Score was also given for the overall experience.


  • Average Connection Time: <1 minute
  • Average Net Promoter Score: 6.66 / 10
  • Average Professionalism Score: 7.1 / 10
  • Overall Score: 7.3 / 10
  • Ranking: 10th (43 brokers)


easyMarkets integrates several research resources into its trading platforms, including a sentiment indicator, economic news calendar, streaming news headlines from FxWirePro, as well as trading signals from Trading Central for live account holders.

In addition to content from third-party providers, easyMarkets’ in-house analysts provide technical and fundamental analysis on the company’s blog with a daily Bullet report, weekly outlooks, weekly recaps, and daily news articles.

easyMarkets web platform

Aside from its market research offering, easyMarkets also offers a diverse range of educational content, including nearly 50 articles in its learning center, together with several videos and eBooks.

Overall, easyMarkets’ research tools are a touch above the minimum industry standard. Looking ahead, centralizing its research resources into one place (i.e., from the company’s blog) would simplify the user experience.

FeatureeasyMarketsIGSaxo BankCMC Markets
Daily Market Commentary Yes Yes Yes Yes
Forex News (Top-Tier Sources) Yes Yes Yes Yes
Weekly Webinars No Yes Yes Yes
AutoChartist No Yes Yes No
Trading Central (Recognia) Yes No No Yes
Delkos Research No No No No
Social Trading / Copy-Trading Yes Yes Yes Yes
Social Sentiment - Currency Pairs Yes Yes Yes Yes
Economic Calendar Yes Yes Yes Yes
Research 3.5 Stars 4.5 Stars 4.5 Stars 4.5 Stars

Platforms & Tools

easyMarkets offers two platforms, its own easyMarkets proprietary software and MetaTrader 4 (MT4). To learn more about MT4, read our MetaTrader guide. For this review, I focused on using the easyMarkets platform, which comes available as a web and mobile app (no desktop version is currently offered).

The easyMarkets platform is built with HTML5 supporting the latest web standards.

easyMarkets web platform

The easyMarkets platform is built with HTML5 supporting the latest web standards.

Beyond a watch list (favorites list), news, charts, sentiment indicator, and a few other tools, the platform is otherwise light. This simplicity does do well in keeping users focused on trading with a static trade-ticket window front and center in the layout, although it might not be enough to satisfy more advanced or demanding traders.

The few advanced features that do exist, including the deal cancellation and freeze rate capabilities, are also geared towards those who might need the extra support these tools offer. And finally, the forward and options contracts enable traders to add another layer of complexity to their spot forex trading.

 easyMarkets web trade ticket

Moving to the charting section, charts come pre-loaded with 25 drawing tools and 39 technical indicators and support the ability to overlay symbols for comparison purposes, and across ten time frames and three chart types. While charts are housed alongside the news, signals, and economic calendar tabs, users can detach the chart window, as the default view is otherwise small.

easyMarkets web charts

The unique features in the platform, including the deal cancellation facility and the ability to freeze rates, are offered at an additional premium. Meanwhile, the broker offers guaranteed stop loss orders (GSLO) for free as all stop-loss orders default to GSLO automatically (and on MT4 too) – which is a nice perk, considering other brokers usually charge a premium for a GSLO.

Overall, the easyMarkets web-based platform lives up to its name of keeping things easy, with trading front and center, thanks to the static order dialogue window, responsive interface and a good foundation for future revisions.

FeatureeasyMarketsIGSaxo BankCMC Markets
Virtual Trading (Demo) Yes Yes Yes Yes
Proprietary Platform Yes Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes Yes
Web Platform Yes Yes Yes Yes
Social Trading / Copy-Trading Yes Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes No Yes
MetaTrader 5 (MT5) No No No No
cTrader No No No No
Charting - Indicators / Studies (Total)51224781
Charting - Drawing Tools (Total)31171724
Charting - Trade From Chart Yes Yes Yes Yes
Watchlists - Total Fields712128
Order Type - Trailing Stop Yes Yes Yes Yes
Platform & Tools 4 Stars 4.5 Stars 4.5 Stars 4.5 Stars

Mobile Trading

easyMarkets offers its own proprietary mobile app, as well as the MetaTrader 4 (MT4) mobile app developed by MetaQuotes Software Corporation. For more information about MT4 mobile, see our guide to MetaTrader.

For this review, I used the easyMarkets mobile app, which ranked well for a newly launched mobile app but is not yet at the level of competing with mobile apps from industry leaders. More demanding traders may opt for MT4 mobile at easyMarkets.

All in all, the easyMarkets mobile app has a clean design that is smoother than its web-based counterpart while being nearly identical with tools such as sentiment, economic calendar, and integrated news headlines. Although the freeze rate feature has not yet made its way into the mobile app, the deal cancelation feature and GSLO are also available, just as in the web version.

easyMarkets mobile charts android

Charting was generally smooth, with several drawing tools, although just three indicators are supported which is nowhere near as many as the web version. The app does come with an economic calendar and news headline, but is otherwise light in terms of research tools. The sentiment indicator, which shows the aggregate % of buys or sells for support symbols, is nicely integrated. Adding more such tools would be a net positive for easyMarkets long-term.

easyMarkets mobile watchlist android

Rounding off the mobile app experience was a watch list (favorites list) that was in sync with the web version, helping to unify easyMarkets’ platform experience, which was a smooth process, in spite of the app’s light features. As mentioned above, more experienced traders may opt to use MT4 at easyMarkets to access a wider range of features on mobile.

FeatureeasyMarketsIGSaxo BankCMC Markets
Android App Yes Yes Yes Yes
Apple iOS App Yes Yes Yes Yes
Trading - Forex Yes Yes Yes Yes
Trading - CFDs Yes Yes Yes Yes
Alerts - Basic Fields Yes Yes Yes Yes
Watch List Yes Yes Yes Yes
Watch List Syncing Yes Yes Yes Yes
Charting - Indicators / Studies30264123
Charting - Draw Trend Lines Yes Yes Yes Yes
Charting - Trend Lines Moveable Yes Yes Yes Yes
Charting - Multiple Time Frames Yes Yes Yes Yes
Charting - Drawings Autosave No Yes Yes Yes
Forex Calendar Yes Yes Yes Yes
Mobile Trading 3.5 Stars 4 Stars 4.5 Stars 4 Stars

Other Notes

In 2017, easyMarkets launched cryptocurrency CFDs on three pairs including BTC/USD, XRP/USD, and ETH/USD, giving traders access to trading Bitcoin, Ethereum and Ripple.

easyMarkets cryptocurrency bitcoin ethereum ripple

While easyMarkets offers no slippage while executing orders as a dealer (market maker), depending on the trading tools traders choose, an order can be rejected if the rate is not available, like a fill-or-kill (FOK) order.

It is also worth noting that when a trade is executed with easyMarkets’ web or mobile app, a stop-loss order and limit order will always be attached to manage the risk/reward potential of each trade. In addition, there is a cap on the maximum limit value a client can select. The same goes for the stop-loss level.

This requirement of having mandatory stops and limits on the easyMarkets platform is comparable to the thresholds eToro imposes, with similar risk-management that must be attached to each trade. While placing such caps can help protect certain trading strategies, it might not suit other strategies. However, traders who need more flexibility can opt to use MT4 at easyMarkets where these limitations – including the 180-day cap on holding spot forex trades open – are not imposed.

Final Thoughts

With 175 symbols to trade, easyMarkets provides a light multi-asset brokerage solution. It is not yet at the level of offering thousands of symbols usually seen when single-stock CFDs are launched, which would help elevate its offering with other multi-asset brokers.

Nonetheless, traders get a respectable range of markets and products to choose from at easyMarkets and the firm goes beyond the usual MT4-only forex broker by offering its own innovative platform, as well as options and forward contracts, in addition to spot forex and CFDs.

Certain traders will find the free GSLO and premium trade protection tools useful including deal cancelation and the rate freeze feature – on the easyMarkets web and mobile app, as well as the mandatory stop/limit requirement. Meanwhile, the broker’s MT4 offering serves as an option for those who need more flexibility with their stop and limit levels and who don’t require the trade protection features. The free guaranteed stop-loss orders by default is a nice feature.

With a three-pip fixed spread on the EUR/USD pair, the standard account is expensive and would not be my choice at easyMarkets. Instead, the easyMarkets Standard 1 and VIP accounts provide lower costs all round that are worth the extra minimum account deposit.


For our 2018 Forex Broker Review we assessed, rated, and ranked 43 international forex brokers. Each FX broker was graded on 140 variables. Learn more.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.

Steven Hatzakis

About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

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Ratings Overall


Commissions & Fees
Offering of Investments
Platforms & Tools
Customer Service
Mobile Trading

Commissions & Fees

*easyMarkets did not participate in the 2017 Online Broker Review, as a result the following data may not be up to date.

Commission Notes

easyMarkets offers fixed spreads across its three account types, with the standard account offering as low as three pips on the EUR/USD in terms of the bid/ask spread, and one pip spreads on the Standard 1 and VIP account.

Besides spreads and deposit requirements, other differences across each account can be seen in the table excerpt below from easyMarkets:

easyMarkets accounts

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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