Easy Markets

Easy Markets | 2024-10-09 18:52

Abstract：Based in Cyprus, Easy Markets is a forex and silver & gold provider through their web-based trading platform. They support four live and demo accounts. However, their licenses of ASIC and CYSEC are both suspicious clones.

Easy Markets Review Summary
Founded	2016
Registered Country/Region	Cyprus
Regulation	ASIC/ CYSEC (Suspicious clone)
Market Instruments	Forex, gold & silver
Demo Account	✅
Leverage	/
EUR/ USD Spread	From 3 pips
Trading Platforms	Easy-Forex trading platform
Minimum Deposit	$200
Customer Support	Phone, email and fax

Based in Cyprus, Easy Markets is a forex and silver & gold provider through their web-based trading platform. They support four live and demo accounts. However, their licenses of ASIC and CYSEC are both suspicious clones.

Pros and Cons

Pros	Cons
Demo accounts available	ASIC/ CYSEC (Suspicious clone)
Security measures provided	Wide spreads
Multiple deposit and withdrawal channels	No MT4/5

Is Easy Markets Legit?

Easy Markets claims that it is regulated by two licence. But both of them are suspected to be fake clone ones.

The Australian Securities and Investments Commission (ASIC) (license type: Market Making (MM), license number: 246566).

Regulatory Status	Suspected Fake Clone
Regulated by	Australia
Licensed Institution	EASYMARKETS PTY LTD
Licensed Type	Market Making(MM)
Licensed Number	246566

The Cyprus Securities and Exchange Commission (CySEC) (license type: Market Making (MM), license number: 079/07)

Regulatory Status	Suspected Fake Clone
Regulated by	Cyprus
Licensed Institution	Easy Forex Trading Ltd
Licensed Type	Market Making(MM)
Licensed Number	079/07

What Can I Trade on Easy Markets?

Easy Markets offers gold & silver and forex to trade.

Tradable Instruments	Supported
Forex	✔
Precious Metals	✔
Indices	❌
Cryptocurrencies	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

Easy Markets offers Mini, Gold, Platinum and VIP accounts with the minimum deposits of $200, $500, $5,000 and $10,000 respectively. Besides, it also offers forex demo accounts.

Account Type	First Deposit	Minimum Trade Size	Minimum Value to Be Risked Upon
Mini	$200	$5,000	$25.00
Gold	$500	$50,000	$250.00
Platinum	$5,000	$250,000	$1,250.00
VIP	$10,000	$500,000	$2,500.00

Easy Markets Spreads

Easy Markets offers a variety of initial standard spreads across different currency pairs. For instance, the EUR/USD spread starts from 3 pips for VIP accounts and 4 pips for Mini accounts. The spreads for more exotic pairs like USD/NOK and USD/PLN can be as low as 50 pips for VIP accounts but widen to 70 pips for Mini accounts. You can review the real-time spreads at the time of opening a trade.

Trading Platform

Easy Markets offers Easy-Forex trading platform, an internet-based system. It offers web-based interface that requires no software downloads. The platform provides real-time data updates and secure transaction processing.

Deposit and Withdrawal

Easy Markets offers credit cards, bank wire transfers, and even RMB deposits. Additionally, Easy Markets covers any fees incurred during bank deposits. Withdrawals are equally straightforward, with funds being returned via the same method used for deposit, in compliance with anti-money laundering regulations. The process is simple, fee-free.

Customer Service

Contact Options	Details
Phone	400-120-3151
Email	info@easy-forex.com
Fax	00357 2581 7183
Online Chat	❌
Social Media	❌
Supported Language	English
Website Language	Chinese

The Bottom Line

Easy Markets provides demo accounts for users, its regulatory claims with ASIC and CySEC are questionable, both being flagged as suspicious clones. The broker offers various account types with minimum deposits ranging from $200 to $10,000, but higher spreads, starting from 3 pips for EUR/USD.