Easy Markets Review
Is Easy Markets Trustworthy?
!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
They should work on their TradingView because you cannot place pending orders on their TradingView. Other than that, I would recommend Easy Markets to anyone
Excellent TradingView broker but I had some issues connecting my Bitcoin Account to MT4, it has been resolved though.
I had an excellent experience, this broker ticks every box for me from pricing, to customer support to trading platforms.
Easy Markets is an ASIC regulated CFD trading platform with a Zero-commission Accounts, 200 AUD Minimum Deposit, Trade Cancellation & Free Guaranteed Stops
| 👨 Broker | Easy Markets PTY LTD |
| 👨 Trading Name | easy Markets |
| 👨 Accepts Australian Traders? | Yes |
| 📅 Year Founded | 2001 |
| ⚖ Regulators | ASIC |
| ⚖ AFSL No. | 246566 |
| ⚖ AFCA Member | Yes |
| 💰 Minimum Deposit | $200 AUD |
| 💰 Minimum Withdrawal | $0 |
| 📈 CFD Instruments | Forex, Shares, Metals, Commodities, Indices, Crypto, Vanilla Options |
| 🚀Leverage | 1:30 |
| 🔎Auditor | DAVID ANTHONY ARMSTRONG |
| 💻 Platforms | MT4, MT5, TradingView, easy Markets App |
| 📋Account Types | Standard, Premium, VIP |
| 💱Account Currency | AUD, USD |
| 📞Live Support | 24/5 |
| 🏖️ Inactivity Fee | $25 after 12 months |
| 😭CFD Traders Who Lose Money | - |
| ✅Reason To Trade | |
| ❌Reason To Avoid |
Regulation & Trust - 10/10
Is Easy Markets a Regulated Broker?
Yes, Easy Markets Australia PTY LTD. is regulated by the Australian Securities & Exchange Commission (ASIC) with AFSL Number 246566 obtained since 2004 .
For external dispute resolution, Easy Markets is also a member of the Australian Financial Complaints Authority (AFCA).
Deposit & Withdrawals - 8/10
What is Easy Markets Minimum Deposit in Australia?
The easy markets minimum deposit is 200 AUD for the Standard Account, 3,000 AUD for the Premium Account & 10,000 AUD for the VIP Account.
What are the Accepted Deposit Methods?
1. Bank Deposits
Easy Markets accepts deposits transferred from your Australian bank account, & processing time is 24 hours.
2. Card Deposits
Easy Markets accepts deposits via Visa/Mastercard & processing time is instant.
3. eWallets
Easy Markets accepts deposits via Skrill, Neteller & WebMoney. The processing time is instant.
4. Bank Wire
Easy Markets accepts deposits that come in via Bank Wire & treats the deposits within 1 working day.
5. Cryptocurrency Deposits
Easy Markets accepts crypto deposits and processing time is 3 hours.
USDT (BNB), LTC, USDC (BNB), ETH, USDT (TRC), BTC, BCH, USDT (ERC), & USDC (Solana); are the accepted crypto funding methods at Easy Markets.
What is the Minimum Withdrawal from Easy Market?
The Easy Markets minimum withdrawal is $50 to local banks & $0 to cards & eWallets. However for Cards & eWallet withdrawals, the Easy Markets minimum withdrawal is $0.
How Long Does Easy Markets Withdrawal Take?
Easy Markets withdrawals are instant but sometimes it can take up to 2 days for the funds to reflect.
Account Types - 6/10
1. Standard Account
This is a spread-only account designed for beginners with a 200 AUD minimum deposit, Free Guaranteed Stop Loss & 1st Trade Walkthrough & you can cancel trades up to $50 in value.
2. Premium Account
This is also a Spread-Only Account but this time you get charged lower spreads than with the Standard Account.
The Premium Account has a 3,000 AUD minimum deposit, Free Guaranteed Stop Loss, 1st Trade Walkthrough Risk-free & you can cancel trades up to $500 in value
3. VIP Account
This is another Spread-Only Account with the lowest spreads of all the other accounts.
The VIP Account has a 10,000 AUD minimum deposit, Free Guaranteed Stop Loss, Personal Account Manager, Zero Slippage Policy & you can cancel trades up to $2,000 in value.
Easy Markets Fees - 9/10
1. Spread
The Easy Markets, TradingView & MT4 Account offers fixed spreads.
EUR/USD spread on the Easy Markets/Trading View Account is fixed at 0.8 pips.
EUR/USD spread on the MT4 Standard, Premium & VIP is fixed at 1.7 pips, 1.2 pips & 0.7 pips respectively.
Spread on the MT5 account is variable and starts from 0.7 pips.
2. Commissions
Easy Markets does not charge commissions & instead makes its money from the spread.
3. Rollover Fees
Easy Markets charges you for leaving your CFD position open overnight.
4. Inactivity Fee
Easy Markets inactivity fee is $25 & is charged on accounts that have been dormant (no trading activity) for one year.
5. Withdrawal Fees
Easy Markets charges a 10% withdrawal fee on any withdrawals exceeding $500.<.p>
However, you can avoid paying withdrawal fees by executing a trade volume worth $200,000 or more.
Range of Markets - 7/10
CFDs
1. Forex
You can trade 50+ forex pairs including various AUD crosses.
2. Indices
Easy Markets offers CFDs on futures & cash indices such as NASDAQ, US30, US500 etc. However, there are no South African indices on offer.
3. Shares
You get access to lots of international share CFDs including Australian shares.
4. Metals
At Easy Markets you can trade precious metals such as Gold, Silver, Copper etc. & these are paired against the US Dollar.
5. Commodities
Soft & hard commodities are available as cash & futures CFDs.
CFDs on Crude Oil, Natural Gas, Wheat, Soya Beans, Sugar , Coffee etc. are all on the menu.
Options
You can trade Vanilla Options on Currencies, Gold, & Silver.
Futures
At Easy Markets you can also trade Forward Contracts on Forex & Commodities.
Account Management - 6/10
How Many Easy Markets Accounts Can I Open?
You can open multiple Easy Markets Accounts but if they go dormant, you will be charged an inactivity fee of $25 on each of them.
Does Easy Markets Have AUD Account?
Yes, Easy Markets South Africa offer AUD account display currency when you are opening your account.
You must remember to select AUD as your base/display currency at the point of account opening, as you cannot edit/change it once the account has been opened.
Easy Markets also offers Bitcoin, USD, GBP, EUR, etc. as account display currency.
Trading Platforms - 8/10
1. MT4 & MT5 Platform
Easy Markets clients in will get access to trade on the MT4/5 platforms where they can execute different trading strategies & use Expert Advisors.
2. TradingView Platform
Easy Markets clients can also access the superior charting features offered on the TradingView platform.
How To Connect Easy Markets To TradingView
Log in to TradingView
Visit the TradingView website, click on sign in and you get the option to sign in with your Google Account, Apple Account, LinkedIn Account, X Account, or email. elect any sign in method to proceed.
Choose an instrument to trade
To select an instrument to trade on TradingView, click on Markets and then select any instrument of choice.
Navigate To Super Charts
After choosing an instrument to trade, opt to view the instrument on Super Charts by clicking on the "see on super charts" button.
Open Trading Panel
To see a list of brokers on TradingView, click on Trading Panel.
Proceed to expand the trading panel by clicking on the expand icon by the bottom far right hand side.
Choose Your Broker
After the trading panel opens, you will see a list of all the forex brokers on TradingView.
Select Easy Markets from the list of brokers and connect with your IC Markets account details.
3. Easy Markets Mobile App & Web Trader
Easy Markets has built their own Web Trader which you can launch from their website without any need for download/installation.
They have also built their own mobile trading app (android & iOS compliant) and you can get the app on your online stores.
Trading Tools - 10/10
1. Deal Cancellation Tool
The Easy Markets Deal Cancellation tools enables you cancel a trade even after you have opened it and any losses will be reversed. There is a grace period of 1 hour, 3 hours or 6 hours; during which you can cancel the trade.
However, deal cancellation is a paid tool & will require you pay for the convenience of changing your mind after opening a trade.
2. Freeze Rate
the Easy Markets Freeze Rate tools enables you enter a trade at the exact price you want without it changing. Easy Markets allows you to "freeze" the current price for some seconds till you enter the trade.
3. Guaranteed Stop Loss
Easy Markets has Guaranteed Stop Loss & this tool prevents you from being a victim of slippage, where price crosses your stop loss without awakening it. Easy Markets Guaranteed Stop Loss is free of charge.
Customer Support - 7/10
1. Live Chat
WhatsApp chat, Facebook chat, Viber & Easy Markets Chat are all available so you can reach Easy Markets Australia 24/5.
Hold times are short as you typically get a response within seconds and on weekdays, the response comes from a human not a bot.
2. Email
Email support is available 24/5 with dedicated emails for complaints and customer support. Our emails were replied to in around 1 hour.
3. Telephone Support
Easy Markets does not offer great telephone support as there is no telephone number displayed on their website. However, you can request a call via live chat.
4. Education
Easy Markets education is good as they have a learning outline that involves watching videos and taking a test at the end. There's also free e-books & a trading glossary
They also have a "Get to Know" series where you get to know how to use trading platforms like MetaTrader, TradingView etc.
5. Easy Markets Demo Account
The Easy Markets demo account is for experimenting with the markets & also experimenting with the trading platforms.
Final Verdict - 8.5/10
Easy Markets is one of our Best Forex Brokers in Australia for Beginners.