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easyMarkets Broker Review 2018

With Easy Forex, investors can trade gold, silver or crude oil in addition to dozens of currency pairs. The Metatrader 4 or an in-house platform is available for this purpose. Unlike other brokers, no minimum deposit is required to open an account. The broker is registered in Cyprus and therefore subject to the strict regulations of the European Union. Easy Forex's offer is aimed primarily at private traders who want to easily participate in lucrative forex trading.

You can also open an account with XM broker and get a $5000 bonus.

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MT-4 is a powerful trading and analysis software that has become standard for many brokers. In addition to extensive charting tools, the program offers indicators with expert advisors and the possibility of automatic trading. In addition to a download version, Easy Forex also provides customers with a mobile version for trading from the iPhone and smartphones with Android operating system. For beginners, the use of the slightly clearer in-house software "TradeDesk" is the first choice. This is available both as a download and as a web-based version. The tool offers all common order types and has various additional extras. Particularly worth mentioning is the opportunity to use Inside Viewer to see how and where other investors have positioned themselves in Easy Forex. The software was able to convince in our broker review 2018 with its simple operation and high functionality.

More and more retailers want to access their trading account from their smartphone or tablet PC. Easy Forex currently only offers this option via the iPhone.

Easy Forex offers trading with levers from 1:50,1:100 and 1:200. Compared to other brokers, these are not necessarily spectacular, but still move on average. This also applies to the calculated spreads. With the very popular EUR/USD currency pair, for example, this is 3 pips, which is also the average compared to other forex brokers. In addition, the broker guarantees that there are no hidden costs in trading. For example, some brokers charge a small fee if you want to cash out your winnings. This is not the case with Easy Forex.

If you want to convince yourself of the possibilities at Easy Forex, you can also open a free demo account. Afterwards, the user has 50,000 euros of play money available for trading. In this way, traders can test both the broker and their trading abilities without any risk.

As a special service Easy Forex offers a trading simulator, which can be used completely without registration or registration. This means that the portal can be tested for a complete hour. Anyone who registers before can even test the portal for two hours. In this way, interested parties can get an initial overview without the simulator being able to replace a demo account.

In general, Easy Forex offers a lot of advantages especially for beginners. For example, there is a comprehensive sub-category "New in Forex Trading" on the website with a wealth of information. Beginners also benefit from the easy-to-use web-based trading platform. Traders who want more functionality can download the trading platform TradeDesk free of charge, which convinces above all with a better chart position and the possibility to trade on charts. With the personal Account Service Manager, customers can also take part in intensive individual training.

There are generally no costs for opening a trading account. Easy Forex offers investors different account models which differ in terms of both the functions and conditions of Forex trading. To open a standard account, only a minimum deposit of 25 euros is required. This makes opening an account very easy even for beginners. If you make a deposit of 1,500 Euros, you will receive a "Premium Account" and at 15,000 Euros you will receive a VIP account. The commissions are free of charge in all variants. The fees are limited to the spreads only. The standard variant has a fixed spread of 3 pips. The premium account has 2.5 pips and the VIP account has 1.8 pips. In addition, holders of a premium or VIP account benefit from the sending of business messages via SMS and a loyalty program.

As is now customary in the industry, Broker Easy Forex also offers an attractive bonus for new customers. If you make a minimum deposit of 25 euros within 30 days after opening your account, you will receive a bonus of 20 percent on your trading account. For example, if you make a deposit of 1,000 euros, you can start trading directly with a credit balance of 1,200 euros. To receive the bonus, simply send an e-mail to the Easy Forex account manager.

As with other brokers, the withdrawal of the bonus is also subject to certain conditions in Easy Forex. When applying for the bonus, the trader will be informed of the requirements to be met. General information will not be published.

In addition to the bonus for new customers, the broker also offers a friend bonus. If you refer a new customer, you will receive a bonus as soon as he makes a first deposit. For example, if the new customer makes a first deposit of 600 euros, the advertiser receives an amount of 100 euros in his trading account. The referred friend receives an additional credit note for 50 Euro.

The information on the Easy Forex website is partly available in English only. However, support is also provided in German. Customer service can even be reached on 7 days around the clock. Only during off-peak hours can only one English-speaking employee be available.

The fastest way to contact customer support is via live chat. Telephone support is unfortunately only available through the Limasol, London or Warsaw offices. This is definitely a shortcoming which will be fixed in the near future. On the other hand, brokers can score points with fast processing times for enquiries by e-mail. These are often answered within a few hours.

The trading account can be managed in up to 18 different currencies. Unfortunately, the offered payment options are a bit poor. Deposits can only be made by credit card or bank transfer. In this area, the broker still lags somewhat behind its competitors. On the positive side, payments are processed very quickly at Easy Forex. During our broker review 2018, most of the machining was carried out on the same working day. If the withdrawal is made to a credit card, the amount will usually be credited within two working days. For bank transfers, this can take up to seven days. Another plus point is that there are no charges for deposits or withdrawals. For other brokers, up to 30 euros are due for payment.

The legal domicile of the company is located on the Canal Island Guernsey. Since this is considered a tax haven with rather lax regulations, the question often arises to what extent Easy Forex is actually serious. However, it is important to know that the broker, like many others, operates from Cyprus. As a result, Easy Forex is subject to the strict guidelines and regulations of the European Union (EU). This means, among other things, that corporate and customer funds must be held separately. In addition, the statutory deposit insurance also applies to all deposits of up to 100,000 euros. Up to this amount, monies are fully protected in the event of the Broker's insolvency. A sign for the serious work of Easy Forex is the German-speaking support. An employee of the broker is available around the clock to answer any open questions. Whoever opens at least one premium account also benefits from a personal account manager.

Easy Forex offers both beginners and professionals all the possibilities for a successful foreign exchange trading. The comprehensive customer service in German language and the low minimum deposits are particularly positive. Also pleasing is the fact that there are no requests and, apart from the MetaTrader, slippage. A minor flaw is that deposits can only be made by credit card or bank transfer and the broker's location, so I recommend using Forex Trading Markets. com and ActivTrades as an alternative.