Easy Markets Australia Review

Easy Markets, a well-established online trading platform, has made a name for itself globally and holds a notable presence in Australia. With a reputation for offering user-friendly features and reliable services, Easy Markets has attracted a wide range of traders, from beginners to seasoned professionals. Let’s dive into what makes Easy Markets Australia an attractive choice for traders and what you should know about the platform.

1. Company Overview

Founded in 2001, Easy Markets (formerly known as Easy-Forex) has grown into a trusted trading provider. With its headquarters in Cyprus, the broker expanded its operations into various regions, including Australia. Easy Markets Australia operates under the strict regulatory oversight of the Australian Securities and Investments Commission (ASIC), which ensures that the broker adheres to stringent financial and operational standards.

2. Regulation and Security

One of the critical factors traders consider when choosing a broker is the regulatory environment. Easy Markets Australia is regulated by ASIC under license number AFSL 246566, which provides significant protection to clients. ASIC enforces rules regarding transparency, customer fund protection, and financial stability, giving traders peace of mind that their capital is secure.

The broker also maintains segregated accounts, meaning client funds are kept separate from the company’s operational funds. In addition to this, Easy Markets offers negative balance protection, ensuring that traders cannot lose more than their initial investment.

3. Trading Platforms

Easy Markets Australia offers a range of trading platforms tailored to meet the needs of different types of traders. These include:

  • Web Platform: The Easy Markets web-based platform is intuitive and easy to navigate. It is designed for users who prefer trading without downloading additional software.
  • MetaTrader 4 (MT4): For more advanced traders, MT4 is available, offering comprehensive charting tools, automated trading, and a range of technical indicators.
  • Mobile App: The Easy Markets mobile app allows traders to access their accounts and trade on the go. It provides real-time pricing, access to charts, and news updates.

4. Trading Instruments

Easy Markets offers access to a wide range of financial markets. Traders can choose from:

  • Forex: The platform offers over 65 currency pairs, including major, minor, and exotic pairs.
  • Commodities: Clients can trade gold, silver, oil, and other key commodities.
  • Indices: Easy Markets provides access to global indices such as the S&P 500, NASDAQ, and the FTSE 100.
  • Cryptocurrencies: For those interested in digital assets, Easy Markets supports popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
  • Shares: The platform allows traders to access some of the most well-known shares from global markets, including Apple, Amazon, and Tesla.

5. Unique Features

One of the standout features of Easy Markets is its unique set of trading tools. These tools are designed to help traders manage their risk and enhance their trading experience.

  • Freeze Rate: This feature allows traders to “freeze” the current price of an asset for a few seconds, giving them time to decide on a trade when market conditions are volatile.
  • Deal Cancellation: Traders can cancel a losing trade within 1, 3, or 6 hours of execution, helping mitigate losses in unpredictable markets.
  • Guaranteed Stop-Loss: Easy Markets offers a guaranteed stop-loss feature on all trades, ensuring that positions are closed at a predetermined price, even in times of market gaps or extreme volatility.

6. Educational Resources

For beginner traders, Easy Markets Australia provides a wealth of educational resources. These include video tutorials, trading courses, eBooks, and regular market analysis. The broker’s goal is to empower traders by equipping them with the knowledge they need to make informed trading decisions.

7. Fees and Spreads

Easy Markets operates a transparent fee structure with fixed spreads. The fixed spread model means that traders know their costs upfront, which can be particularly useful in volatile markets where variable spreads may widen significantly.

  • No Commissions: Easy Markets does not charge commissions on trades, relying instead on the spread as the main cost for traders.
  • Fixed Spreads: Fixed spreads are available for all asset classes, ensuring that traders are not caught off guard by widening spreads during high volatility.

8. Customer Support

Easy Markets Australia is known for providing excellent customer support. Traders can reach out through various channels, including live chat, email, and phone. The support team is multilingual and available 24/5, ensuring that traders get the assistance they need during market hours.

Easy Markets Australia FAQs

1. What is Easy Markets Australia?

Easy Markets Australia is a regulated online trading platform that allows users to trade a wide range of financial instruments, including Forex, commodities, indices, cryptocurrencies, and shares. It is part of the globally recognized Easy Markets brand, which has been operating since 2001.

2. Is Easy Markets Australia regulated?

Yes, Easy Markets Australia is regulated by the Australian Securities and Investments Commission (ASIC) under license number AFSL 246566. ASIC is a well-respected financial regulatory body that enforces strict standards to protect traders.

3. What trading platforms does Easy Markets offer?

Easy Markets offers several trading platforms, including:

  • Web platform: A user-friendly web-based platform that requires no download.
  • MetaTrader 4 (MT4): A popular platform with advanced charting and automated trading tools.
  • Mobile app: Allows trading on the go with access to real-time pricing and analysis.

4. What can I trade on Easy Markets Australia?

Easy Markets provides access to a wide variety of assets, including:

  • Forex: Over 65 currency pairs.
  • Commodities: Gold, silver, oil, and other major commodities.
  • Indices: Global indices like the S&P 500, NASDAQ, and FTSE 100.
  • Cryptocurrencies: Digital currencies such as Bitcoin, Ethereum, and Litecoin.
  • Shares: Popular global stocks like Apple, Tesla, and Amazon.

5. What are the unique features of Easy Markets?

Easy Markets offers several unique features designed to enhance trading and risk management:

  • Freeze Rate: Freeze the price for a few seconds to make a trade decision.
  • Deal Cancellation: Cancel a losing trade within 1, 3, or 6 hours to reduce losses.
  • Guaranteed Stop-Loss: Ensures positions close at a pre-set level even during market volatility.

6. Does Easy Markets charge commissions?

No, Easy Markets operates on a commission-free model. The only cost to traders is the fixed spread, which remains constant even during volatile market conditions.

7. What are fixed spreads, and how do they work?

Fixed spreads refer to the difference between the buy and sell price of an asset. Unlike variable spreads, which fluctuate based on market conditions, fixed spreads on Easy Markets remain the same, providing transparency and certainty in trading costs.

8. Does Easy Markets offer educational resources for beginners?

Yes, Easy Markets provides a range of educational resources, including video tutorials, eBooks, trading guides, and market analysis. These materials are designed to help traders of all levels make informed decisions.

9. What is the minimum deposit to start trading with Easy Markets Australia?

The minimum deposit to open a live trading account with Easy Markets varies depending on the type of account and funding method but typically starts at AUD 200.

10. Does Easy Markets offer a demo account?

Yes, Easy Markets offers a free demo account with virtual funds. This allows traders to practice trading and familiarize themselves with the platform without risking real money.

11. How can I deposit or withdraw funds?

Easy Markets supports a range of deposit and withdrawal methods, including:

  • Credit/Debit Cards
  • Bank Transfer
  • E-wallets (e.g., Skrill, Neteller) Withdrawals are processed within 1-3 business days.

12. What kind of customer support does Easy Markets offer?

Easy Markets Australia provides 24/5 customer support through multiple channels, including live chat, email, and phone. The support team is multilingual, ensuring assistance is available during market hours.

13. Is there negative balance protection?

Yes, Easy Markets Australia offers negative balance protection, ensuring that traders cannot lose more than their initial deposit, even in the case of extreme market volatility.

14. Can I use leverage on Easy Markets?

Yes, Easy Markets allows traders to use leverage, enabling them to control larger positions with a smaller initial investment. The leverage ratio is subject to ASIC regulations, and for retail clients, it typically ranges from 30:1 for Forex to 2:1 for cryptocurrencies.

15. Is Easy Markets suitable for beginner traders?

Absolutely. Easy Markets offers a user-friendly platform, educational resources, and risk management tools like guaranteed stop-loss and deal cancellation, making it ideal for beginners. The platform’s simplicity combined with its range of features also appeals to more advanced traders.

16. Can I trade with Easy Markets on mobile?

Yes, Easy Markets has a fully functional mobile app available for both iOS and Android. The app allows you to trade, monitor the markets, and access your account on the go.

17. How do I open an account with Easy Markets Australia?

Opening an account with Easy Markets is simple and can be done online. You’ll need to:

  • Complete the registration form.
  • Verify your identity with documentation (as per ASIC regulations).
  • Fund your account via your preferred method. Once your account is approved, you can begin trading.

18. Does Easy Markets offer promotions or bonuses?

Easy Markets occasionally offers promotions, such as deposit bonuses or cashback, depending on the region’s regulatory framework. However, in Australia, due to ASIC regulations, promotional bonuses might be limited or restricted.

19. What is the DealCancellation feature?

DealCancellation is an innovative feature by Easy Markets that allows you to undo a trade within 1, 3, or 6 hours after execution. This is particularly useful in volatile markets or when trades don’t go as planned.

20. How safe are my funds with Easy Markets Australia?

Easy Markets Australia keeps client funds in segregated accounts, separate from its operational funds, which ensures that your money is protected. Additionally, being regulated by ASIC means Easy Markets adheres to strict standards of financial security and transparency.

9. Conclusion

Easy Markets Australia is a reputable, regulated broker that offers a range of trading instruments, user-friendly platforms, and unique features. Its focus on risk management, educational resources, and customer service makes it an excellent choice for both novice and experienced traders. With a strong regulatory foundation under ASIC, Easy Markets ensures a secure and transparent trading environment, which is critical for anyone looking to trade in today’s markets.

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