Detailed Review: easyMarkets - Is It an Ideal Broker Choice?

In today's blog post, we'll explore and evaluate easyMarkets, a trading broker with an extensive history in the marketplace. Originally set up as Easy Forex Trading Ltd in 2001, this broker has been active online since its inception, fostering a reliable reputation among traders worldwide. The firm adopts its operations through its global branches, which include EASYMARKETS PTY LTD and EF Worldwide Ltd.

Basic Information

Initially, easyMarkets requires a minimum account size of $25, making it approachable for beginners looking to enter the trading world without substantial upfront investment. The broker company holds a reliable and strong reputation in the market, with an average rating of 6.1 on our evaluation sheet.

Being regulated verifies that a broker adheres to high-quality trading standards and ethical practices. easyMarkets gets a big tick here as it is seriously regulated, ensuring advanced protection for their traders’ investments.

One caveat for some may be that US-based traders are not allowed, meaning this platform targets and serves traders outside the United States.

Trading Aspects

At easyMarkets, the minimum position size is 1, which is a common standard across the industry. The spread offered by this broker is low, which is significant because lower spreads mean fewer costs to you when entering a trade. This consideration is especially important for traders who make frequent trades.

The firm also boasts a maximum leverage, that remains undisclosed, but traders are advised to utilize leverage cautiously due to its riskiness.

Key Features and Support

easyMarkets offers a variety of features including but not limited to phone trading, free education, MAM, and segregated accounts. For traders who prefer a personal touch, it offers personal managers for customized market advice and planning.

Moreover, PAMM accounts, trading contests, and bonuses serve as additional incentives. The PAMM system (Percentage Allocation Management Module) allows traders to manage multiple accounts in an efficient manner.

Conclusion

Overall, while easyMarkets comes with numerous features for both beginner and seasoned traders, it trails in certain areas such as access to US traders. Although the broker has an average rating, its low spread, education resources and regulatory compliance make it a viable option for non-US based traders seeking a solid and reliable trading partner. Be sure to do your thorough due diligence before joining any trading platform.

Stay tuned for our next broker review and make the best trading decisions with DayFunded.