easy Markets Review

Regulation & Trust - 9/10

Is Easy Markets a Regulated Broker?

Yes, Easy Markets South Africa is regulated by the Financial Sector Conduct Authority (FSCA) and is legally authorized to act as a Financial Service Provider (FSP) in South Africa.

However, Easy Markets South Africa cannot act as a market maker because their FSCA license doesn't include being an Over-the-counter Derivative Provider (ODP).

Easy Markets South Africa is a good broker for both beginner & expert forex trading in South Africa.

Deposit & Withdrawals - 9/10

What is the Minimum Deposit on Easy Markets?

The Easy Markets minimum deposit is 3 ZAR for the MT4 & MT5 Accounts and $25 for the TradingView Account.

What are the Accepted Deposit Methods?

1. South African Bank Deposits

Easy Markets South Africa accepts deposits transferred from you online South African bank. Processing time is 24 hours.

2. Card Deposits

Easy Markets in South Africa accepts deposits via Visa/Mastercard & processing time is instant.

3. eWallets

Easy Markets South Africa accepts deposits via Skrill, Neteller & WebMoney. The processing time is instant.

4. Bank Wire

Easy Markets South Africa accepts deposits that come in via Bank Wire & treats the deposits within 1 working day.

5. Cryptocurrency Deposits

Easy Markets South Africa 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 South Africa is $50 to local banks. However for Cards & eWallet withdrawals, the Easy Markets minimum withdrawal is $0.

How Long Does Easy Markets Withdrawal Take?

Easy Markets South Africa withdrawals are instant but sometimes it can take up to 2 days for the funds to reflect.

Does Easy Markets Charge Withdrawal fees?

Yes, 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.

What is Easy Markets Deposit Bonus?

Easy Markets deposit bonus is up to 50% of your first deposit and the bonus cannot exceed $2,000 in value.

The bonus is not withdrawable but the profits are. Accounts with 1:2000 leverage cannot participate in the Easy Markets deposit bonus, so you must lower your leverage.

Range of Accounts - 9/10

1. Easy Markets Plus TradingView Account (Fixed Spreads)

This fixed spread account gives you access to the Easy Markets proprietary trading platform as well as the TradingView platform.

2. MT4 Account (Fixed Spreads)

The Easy Markets MT4 account comes in Standard, Premium & VIP versions. Each MT4 account version has a different spread pricing.

With the MT4 account, you are confined to trading on the MT4 platform only.

3. MT5 (Variable Spreads)

The Easy Markets MT5 account is a commission-free account with variable spread pricing (the only Easy Markets account with variable spreads).

With the MT5 account, you are confined to trading on the MT5 platform only.

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 South Africa 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.

Range of Markets - 9/10

CFDs

1. Forex

At Easy Markets South Africa, you can trade forex with fixed spreads on MT4 or variable spreads on MT5.

Several major, minor & exotic pairs are on the menu including ZAR pairs such as:

2. Indices

Easy Markets South Africa offers CFDs on futures & cash indices such as NASDAQ, US30, US500 etc. However, there are no South African indices on offer.

3. Shares

Easy Markets lets you trade shares with fixed or variable spread. You get access to lots of international shares but no local South African

4. Metals

At Easy Markets South Africa you can trade precious metals such as Gold, Silver, Copper etc. & these are paired against the US Dollar. However, these metals are not paired against the South African Rand.

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.

Easy Trade

This is a customized way of trading where you have more control over the variables.

You set how much time you want to spend in the market so the system automatically closes your trade when that time is reached.

You can also set how much money you want to risk during the trade.

Easy Trade is only available on the Easy Markets Account type, so MT4/5 account holders cannot use this feature.

Account Management - 7/10

What is Easy Markets Leverage?

Easy Markets South Africa offers a leverage of up to 1:2000 to MT5 Account users.

MT4 Accounts can access up to 1:400 in leverage, while Easy Markets/TradingView account users get up to 1:200 leverage.

Note that Easy Markets offers Dynamic Leverage meaning that when you account balance is high, the leverage automatically lowers itself.

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 ZAR Account?

Yes, Easy Markets South Africa offer ZAR account currency when you are opening your account.

You must remember to select ZAR 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, AUD etc. as account display currency.

Will I Be Assigned a Personal Account Manager?

Yes, Easy Markets South Africa assigns Personal Account Managers to every client.

Trading Platforms - 9/10

1. MT4 & MT5 Platform

Easy Markets clients in South Africa 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 - 9/10

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 - 9/10

1. Live Chat

WhatsApp chat, Facebook chat, Viber & Easy Markets Chat are all available so you can reach Easy Markets South Africa 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 playtforms 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 South Africa is one of our Best Forex Brokers in South Africa for Beginners. Their Fixed Spread is ideal for beginners who desire some level of certainty when trading.