Forums » Off-Topic Discussions
easyMarkets Review
-
easyMarkets Review
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.To get more news about easymarkets review, you can visit wikifx.com official website.
Account types: easyMarkets offers three account types for which trading costs (spreads + any commissions) vary, and spreads are fixed (not variable) across web platform, MetaTrader4 (MT4), and a VIP account.
Minimum and Spreads: The most competitive pricing easyMarkets offers is on its VIP account, which requires a $2,500 deposit ($100 for EU and UK residents), as well as its web platform, which requires a $250 deposit. Both accounts offer fixed spreads of 0.9 pips on the EUR/USD on the easyMarkets platform, as well as when using the MT4 account.
easyMarkets offers two platforms, its own proprietary HTML5 web-based platform and MetaTrader 4 (MT4).
Beyond a watch list (favorites list), news, charts, sentiment indicator, and a few other tools, the easyMarkets trading platform is otherwise light. The clean and simplicity focused platform design does well in keeping users focused on trading, data-namehough it will not be enough to satisfy more demanding traders.Trading tools: Two unique tools offered through the easyMarkets platform include dealCancellation and Freeze Rate. For a small fee, the dealCancellation feature gives you a specific amount of time (up to a maximum of six hours)to have the option to undo your trade and reclaim your losses. Meanwhile, the Freeze Rate button allows you to "freeze" a quote for three seconds.
Both tools appear attractive, but clearly, easyMarkets advertises them for a reason, which means that overall, they must be profitable for easyMarkets. Also, in support of less experienced traders, easyMarkets platform offer guaranteed stop-loss orders (GSLO) for free, compared to most brokers who charge a small premium.
easyMarkets integrates several research resources into its trading platforms, including a sentiment indicator, economic news calendar, streaming news headlines from FxWirePro, as well as trading signals from Trading Central for live account holders.Overall, despite a broad selection of features, easyMarkets’ research offering is just a touch above the bare minimum industry standard.
easyMarkets offers its proprietary mobile app, as well as the MetaTrader 4 (MT4) mobile app. Looking at the easyMarkets mobile app, it offers a clean design that mostly mirrors its web-based counterpart, syncing watch lists included.Charting is powered by Trading View in the mobile app, with the same 81 indicators that the web version of the platform has. Overall, I found it to be simple and basic yet falls behind the best mobile trading apps in our review, in terms of depth of features and tools.
For our 2018 Forex Review, 129 customer service phone tests were conducted over three months. The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally (and thoroughly) answer each question. A Net Promoter Score was also given for the overall experience.