Home -
-
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

EasyTrade-Overview of Minimum Deposit, Spreads & Leverage

EasyTrade | 2022-04-06 22:01

Abstract:EasyTrade is a brand owned by Easy Trade Markets Ltd, allegedly based in Australia. It implies the company needs an ASIC regulation for legal providing financial services. Once we have checked the Australian authority body registers, we found no EasyTrade broker.

Note: EasyTrades official site - https://www.etfxi.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

EasyTrade Review Summary in 10 Points
Founded N/A
Registered Country/Region Australia
Regulation No license
Market Instruments Currency pairs, Commodities and Indices
Demo Account no
Leverage 500:1
EUR/USD Spread From 1.0 pips (Standard)
Trading Platforms MT4
Minimum deposit $250
Customer Support Phone, email

What is EasyTrade?

EasyTrade is a brand owned by Easy Trade Markets Ltd, allegedly based in Australia. It implies the company needs an ASIC regulation for legal providing financial services. Once we have checked the Australian authority body registers, we found no EasyTrade broker.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• Commission-free Standard accounts • No license
• MT4 supported • Unavailable website
• Reports of severe slippage and unable to withdraw
• US traders are not accepted
• Limited trading instruments
• No demo accounts or Islamic/swap-free accounts
• High commission for Standard accounts
High minimum deposit ($250)

EasyTrade Alternative Brokers

    There are many alternative brokers to EasyTrade depending on the specific needs and preferences of the trader. Some popular options include:

    • AETOS - a regulated broker with a wide range of trading instruments and competitive spreads, making it a potentially good choice for traders seeking a reliable trading experience.

    • LegacyFX - a regulated broker that offers a user-friendly trading platform, diverse asset selection, and educational resources, making it suitable for both novice and experienced traders.

    • TigerWit - a regulated broker known for its innovative social trading platform and competitive trading conditions, making it a recommended choice for traders interested in copy trading and a seamless trading experience.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is EasyTrade Safe or Scam?

Based on the information provided, where EasyTrade does not hold any valid regulatory licenses and their website is currently unavailable, it raises significant concerns about the legitimacy and safety of the platform. Without proper regulation, there is a higher risk of potential scams or fraudulent activities. It is advisable to exercise caution and consider alternative regulated brokers with a transparent track record and proper licensing when engaging in financial trading.

Market Instruments

It seems that EasyTrade decided to focus on several assets instead of being all over the place. Clients can access only 3 markets, including Currency pairs, Commodities (Metals & Energies), and Indices. However, considering the lack of regulatory licenses and the unavailability of EasyTrade's website, it is crucial to approach the platform with caution and thoroughly research alternative regulated brokers that provide a wider range of market instruments.

Accounts

EasyTrade offers two types of trading accounts for investors: Standard and Raw. Both account types have a minimum deposit requirement of $250, allowing traders with different capital sizes to participate in the market.

However, EasyTrade does not provide a demo account option for traders to practice and familiarize themselves with the platform and trading conditions before committing real funds. Additionally, EasyTrade does not offer an Islamic/swap-free account for clients who follow Shariah principles.

Leverage

EasyTrade offers high leverage of up to 1:500, which allows traders to potentially amplify their profits. However, it is important to note that EasyTrade is an unregulated broker and the lack of regulation raises concerns about the safety and reliability of the offered leverage.

High leverage can significantly increase the risks involved in trading, and traders should exercise caution and fully understand the potential consequences before engaging in high-leverage trading. It is advisable to choose regulated brokers that adhere to strict financial standards and offer responsible leverage options to ensure the safety of funds and mitigate unnecessary risks.

Spreads & Commissions

EasyTrade offers competitive spreads for its clients. For the Standard account, the spread starts from 1.0 pips, which is relatively favorable for traders seeking a more cost-effective trading environment. On the other hand, the Raw account provides even tighter spreads starting from 0.0 pips, which can be beneficial for those who require a more precise pricing structure. As for commissions, Standard account has no commissions, the Raw account incurs a commission fee of $50 per lot traded.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (Standard) Commission (Standard)
EasyTrade 1.0 pips $0
AETOS 0.8 pips $0
LegacyFX 1.6 pips $0
TigerWit 0.6 pips $0

Please note that spreads and commissions may vary and it's always recommended to check with the brokers directly for the most up-to-date information.

Trading Platforms

Like most FX brokers, EasyTrade supports the industry standard, MetaTrader4. With MT4, traders can enjoy a user-friendly and feature-rich trading experience. The platform offers a comprehensive range of tools and resources to analyze the markets, execute trades, and manage positions effectively. MT4 is known for its advanced charting capabilities, customizable indicators, and a wide range of technical analysis tools.

Moreover, EasyTrade offers mobile versions of MT4 for both iOS and Android devices, allowing traders to access their accounts and trade on the go. This flexibility ensures that traders can stay connected to the markets and seize trading opportunities at any time and from anywhere.

MT4

Overall, EasyTrade's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platform
EasyTrade MetaTrader 4 (MT4)
AETOS MetaTrader 4 (MT4), MetaTrader 5 (MT5), AETOS WebTrader
LegacyFX MetaTrader 5 (MT5)
TigerWit TigerWit Trading App, TigerWit WebTrader

Please note that this table is based on general information and it's advisable to visit the respective broker's websites for the most up-to-date and accurate information on their trading platforms.

Customer Service

EasyTrade provides customer service through various channels, including phone and email support. Clients can reach out to the company's support team by calling +61 3 8373 4800 or sending an email to support@etfxi.com. These contact options allow traders to seek assistance, ask questions, or address any concerns they may have regarding their trading experience.

Additionally, the company has a physical address located at Level 6, 360 Collins Street Melbourne, VIC 3000, Australia. This provides a sense of transparency and accessibility for clients who may prefer to communicate through traditional means.

Pros Cons
• Availability of phone and email support • No 24/7 support
• Lack of live chat support

Note: These pros and cons are subjective and may vary depending on the individual's experience with EasyTrade's customer service.

User Exposure on WikiFX

The number of the complaints received by WikiFX has reached 19 for this broker in the past 3 months. To sum up, traders listed EasyTrade login issues as one of the biggest problems they are facing. After they submit a withdrawal request, it happens that they can no longer access their trading accounts. Another big issue is that clients never see their deposits. In the end, we found EasyTrade is connected to one of the most famous Bulgarian boiler rooms, E&G Bulgaria. This same company operates several other scam brands, including Option888, XMarkets, and more. Please be aware of the risk and stay away!

User Exposure on WikiFX

Conclusion

Overall, the absence of valid regulatory licenses and the unavailability of their website raise concerns about its legitimacy and safety. It is crucial to exercise caution and conduct thorough research before engaging with EasyTrade or any similar platform. Consider exploring alternative regulated and reputable brokers that provide transparent information and offer a secure trading environment. Consulting with financial professionals is also advisable to make informed investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is EasyTrade regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: At EasyTrade, are there any regional restrictions for traders?
A 2: Yes. US traders are not accepted.
Q 3: Does EasyTrade offer the industry leading MT4 & MT5?
A 3: Yes. It supports MT4.
Q 4: Is EasyTrade a good broker for beginners?
A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.
LeverageBrokerCurrency PairDealerForex tradingForex Broker

Related broker

No Regulation
EasyTrade
Company name:EasyTrade Markets Ltd
Score
1.48
Website:https://www.etfxi.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.48

Read more

“SkyLine Bonding Night” Successfully Held in Bangkok!

Bangkok, May 29, 2025 — The “SkyLine Bonding Night” themed event, hosted by WikiFX, concluded successfully in Bangkok, bringing together senior professionals and analysts from Thailand’s forex industry to discuss localized services and standards of excellence in the forex trading sector.

Original 2025-05-30 12:00

World Cup Star Diego Forlán Joins OneRoyal as Global Brand Ambassador

International brokerage firm OneRoyal has entered a partnership with former professional footballer Diego Forlán.

Original 2025-05-29 18:59

FXPRIMUS: A Closer Look at Its Licences

Despite its global presence, FXPRIMUS faces serious regulatory red flags and a flood of client complaints, earning it a troubling 2.46/10 rating on WikiFX. Keep reading to find out what is wrong with this broker!

Original 2025-05-29 17:40

XTB Offers Free GM Stock to New MENA Investors

XTB launches a promotion giving new MENA investors a free General Motors share. Sign up, fund your account, and start investing with no minimum deposit by Dec 2025.

Original 2025-05-29 17:18

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
STARTRADER

STARTRADER

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
STARTRADER

STARTRADER

Regulated
TMGM

TMGM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
STARTRADER

STARTRADER

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
STARTRADER

STARTRADER

Regulated
TMGM

TMGM

Regulated

Latest News

Robinhood Launches Free Desktop Trading Platform for UK Investors

WikiFX
2025-05-29 16:27

UK Unveils Crypto Regulation Plan: FCA and Bank of England Target Stablecoins and Custody

WikiFX
2025-05-29 17:05

ALERT! 98% of Indian Finfluencers Are NOT SEBI-Registered!

WikiFX
2025-05-29 18:41

PAY ATTENTION!! WARNING ALERT — MAY 29, 2025- CHECKOUT THE LIST

WikiFX
2025-05-29 16:18

IronFX UK 2024 Revenue Doubles to $1.44 Million

WikiFX
2025-05-29 20:02

Join TopFX "June Demo Competition" ASAP

WikiFX
2025-05-28 18:26

Know More About IronFX and Their Trading Services

WikiFX
2025-05-28 16:39

Switch Markets Broker Review: License Revoked, Trust Undermined

WikiFX
2025-05-28 17:05

WikiFX WARNING-28 MAY, 2025: Brokers You MUST Avoid!

WikiFX
2025-05-28 16:15

Key Figure Behind $230 Million Crypto Fraud Arrested After Two Years on the Run

WikiFX
2025-05-30 14:58

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

MT5EXPO

MT5EXPO

Fxcompliance

Fxcompliance

Pythagon Expert Option

Pythagon Expert Option

Viveifinservices

Viveifinservices

FUBON

FUBON

Billion Capitals

Billion Capitals

GFX

GFX

Central Tanshi

Central Tanshi

HouseCapital

HouseCapital

COMMSTOCK

COMMSTOCK