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PepperstoneeasyMarkets Review
Written by Steven Hatzakis
Fact-checked by Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
easyMarkets is a long-standing brand that offers several unique risk management tools, like its innovative dealCancellation feature (similar to hedging with options), and provides low fixed spreads for forex traders signed up to its VIP account. The biggest drawback to easyMarkets is that it offers barely over 200 tradeable symbols – a paltry amount compared to what’s available from the best multi-asset brokers.
-
Minimum Deposit:
$50 -
Trust Score:
80 -
Tradeable Symbols (Total):
230
Can I open an account with this broker?
Use our country selector tool to view available brokers in your country.
easyMarkets pros & cons
Pros
- Creative risk management tools such as dealCancellation and Freeze Rate are excellent for trading during uncertain conditions.
- easyMarkets’ proprietary platform lets you easily switch between spot trading and options trading.
- Supports account denominations in 18 different currencies.
- Offers forex news headlines from FXStreet.
- No slippage on the easyMarkets’ platform.
- Support for popular trading platforms MetaTrader and TradingView.
- Daily Pitch research video updates and market analysis come in a webinar-style format.
Cons
- Spreads are higher on its MetaTrader account offering and Guaranteed Stop Loss Orders (GSLO) are unavailable.
- The VIP account requires a $10,000 deposit.
- Spreads on Premium accounts are higher at 1.5 pips, compared to the low-spread VIP account and more variable spreads on the MetaTrader 5 account offering.
- The user experience of easyMarkets’ web platform is a bit dated and could use a modern upgrade.
- The number of tradable symbols is below the industry average.
- Beyond a series of educational videos packaged as its learning academy, easyMarkets doesn’t offer comprehensive educational content.
Overall Summary
easyMarkets has a lot of merit for beginner forex traders thanks to its risk management tools, straightforward platform, fixed spread pricing on some accounts, and CFD trading, which includes options on popular forex pairs. Good-quality research can be found, but the quantity of research doesn’t measure up to what's offered by the best forex brokers. Likewise, educational materials are limited to a video course and a handful of ebooks. With less than 300 tradable symbols available, easyMarkets is at a disadvantage compared to peers in its offering of investments.
| Feature |
easyMarkets
|
|---|---|
| Overall Rating |
|
| Trust Score | 80 |
| Offering of Investments |
|
| Commissions & Fees |
|
| Platform & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
Is easyMarkets safe?
easyMarkets is considered Trusted, with an overall Trust Score of 80 out of 99. easyMarkets is not publicly traded, does not operate a bank, and is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and two Tier-4 regulators (High Risk). easyMarkets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system.
| Feature |
easyMarkets
|
|---|---|
| Year Founded | 2001 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 0 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 2 |
easyMarkets platforms and tools
About easyMarkets
Founded in 2001, the easyMarkets brand consists of a group of companies under the holding company Blue Capital Markets Limited. easyMarkets has continued to innovate and incrementally refine its offering over the years with unique features, such as its dealCancellation tool.
FAQs
Is easyMarkets trustworthy?
Yes, with a Trust Score of 80 easyMarkets is considered Trusted. easyMarkets has a long-standing history with multiple regulatory licenses, including two Tier-1 licenses from the EU (via Cyprus) and Australia, in addition to lower-tier licenses in the British Virgin Islands and Seychelles.
What is the minimum deposit at easyMarkets?
The minimum deposit varies at easyMarkets depending on the account type you open, the payment method available depending on your country of residence, and the easyMarkets entity in which you set up your account. For example, the VIP account requires a $10,000 minimum deposit, whereas the Premium account requires as little as $25 while still providing access to the easyMarkets web app or TradingView platform.
Does easyMarkets offer MetaTrader?
Yes, easyMarkets offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. There are pricing differences between the two versions on easyMarkets however - the MT5 account features variable spread pricing but you can access fixed spread pricing with the MT4 account.
2024 Review Methodology
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
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, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Read our full explanation and accounting of our research and testing process to learn more about how we test.
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. Read more on forex trading risks.
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Show allAbout the Editorial Team
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.