easyMarkets Review 2023

easyMarkets is a regulated forex broker. They are regulated with top-tier regulators i.e. CySec & ASIC. They offer Demo account and live account with minimum deposit of $100. Read our review to check and compare them.

easyMarkets was established in 2001 and is regulated by the Australian Securities and Investments Commission (ASIC) and Cyprus Securities & Exchange Commission (Cysec).

They are also awarded by FX Empire for the best trading platform in 2017.

easyMarkets offer a fixed spread with no commission on trading to their customers. Moreover, there are lots of features available like Freeze rate, Deal Cancellation, and many more.

Read our below review to check and compare with other brokers in South Africa

easyMarkets – a quick look

Regulation and safety of funds

1. Cyprus Securities & Exchange Commission (CySEC): They are registered with Cyprus Securities & Exchange Commission as Easy Forex Trading Ltd under license number 079/07 since 2007.



2. Australian Securities and Investments Commission (ASIC): In Australia they are regulated with Australian Securities and Investments Commission under CAN number 133 436 227 since 2008 as EASY MARKET PTY LTD.

IronFX Fees

1. Spread: Easy Markets offer fixed spread only. The current spread is 1.6 pips on EUR/USD currency pairs. You can also check the spread on all currency pairs from their website.



2. Commission: There is no commission on deposit and withdrawal. Easy markets also do not charge anything on opening and closing a trade.
3. Rolling fees: They charges rolling fees on different currency. You will find that on their website. After login, you will find it.
4. Inactivity: After you deposit, if you did not trade within 6 months, they will charge dormant fees of amount $25 for every 6 months.
5. No fees on Deposit: They will cover the fees of deposit and withdrawal but except your bank has an extra charge. So you can deposit and withdraw your amount without any hassle.
6. Negative balance protection: easyMarkets offer Negative Balance Protection to their clients which helps them to protect their balance from becoming negative in case of loss. easyMarkets will close the trade position in case of loss.

easyMarkets Account Types

easyMarkets offer demo as well as live trading accounts to their customers. We have explained the features of both the account types below.

easyMarkets Demo Account

Like other brokers in South Africa easyMarkets also offer a demo account to all customers.

Normally who don’t want to take a risk and want to test their trading strategies, can go for the demo account with easyMarkets.

By doing this they can practice implementing their trading strategies without any hassle and without losing their actual money.

easyMarkets Live Trading Account

easyMarkets offer 4 types of live trading account. The maximum leverage offered in all live trading accounts is 1:200. Moreover, they are offering a fixed spread in all live trading accounts. A personal manager can also be assigned to traders using any of the live trading accounts.

easyMarkets offer 4 types of live trading account as explained below:

1. Standard Account: They are offering fixed spread of 3 pips on EUR/USD currency pairs in this account. This account starts with a minimum balance of $100.
2. Premium Account: Premium Account comes with minimum balance of $1. The spread offer on EUR/USD currency pair in this account is 2.5 pips. And the Minimum transaction size is 0.5 lot using Web/App trading platform & 0.05 using MT4 trading platform.
3. VIP Account: The Minimum transaction size of VIP account us 1 lot (negotiable) using Web/App trading platform and 1 or 0.01 lot using MT4 trading platform. The fixed spread offer in this account is 1.8 on EUR/USD currency pair. The minimum account balance for a VIP account is 2.500 USD.
4. Super VIP Account: Traders can only use Web/App trading platform under this account. The fixed spread is 1.2 pip on EUR/USD currency pair in this account. You can start using this account with a minimum balance of 50.000 USD.

How to Open account with easyMarkets

Opening an account with easyMarkets is very easy. You need to follow the below steps to open an account with easyMarkets:

Step 1) Click on START HERE: First of all you need to open the home page of easyMarkets and click on the START HERE button at the top right side of the screen.

Step 2) Signup using Email: Now you will be redirected to a pop-up where you need to enter your email and password that you want to set as a login password. You can also signup using your Gmail or Facebook account.

Step 3) Enter Personal Detail: After login into the dashboard, you need to enter your basic and personal information by following the on-screen instructions.

Step 4) Upload Documents to verify: Before you can add your funds with them you need to verify your account. For that, you need to upload your ID proof like Passport, Driving Licence, etc, and Address proof like Postpaid phone bill or Electricity bill.

Step 5) Add funds to start trading: You need to deposit the funds before starting trading with them. You can use your Debit or Credit card, E-Wallets or bank transfer.

Congratulations! Your account has been created and you can now login to the dashboard and start trading.

easyMarkets Trading Platforms

We have tested and listed Trading platforms which you can check below:

1. easyMarkets App: You can install the app in your Android and iOS mobile. Various features like dealCancellation, Freeze Rate, and Free Guaranteed Stop Loss are available on this platform.
2. easyMarkets Web Platform: You can trade anywhere using the internet connection using this web platform. You only need an internet connection and browser to use this platform. You can access 200+ instruments using this web platform.



3. easyMarkets MT4: They offer negative balance protection in MT4 trading platform. Free guaranteed stop loss feature is also variable and easy to customize for experienced clients.
4. Vanilla Options Trading Platform: You can unlock this unique trading platform with lots of advanced features from the dashboard after login.

Deposits & Withdrawals Methods

easyMarkets does not charge any fees on deposits and withdrawals. They will cover the fees of deposit and withdrawal but except your bank has an extra charge. You have the below option to fund your account.

Deposit Methods

1. Credit/Debit Card: You can use your credit or debit card like a VISA card, or Master card to add funds with them. You will get instant activation using this method.
2. Bank Transfer: You can also transfer from your bank account to their bank account. You will get their bank account details from the dashboard after login in. It can take a few hours to track payments made using bank transfers.
3. E-Wallets: Trasfers can use E-Wallets like Neteller, Skrill, WebMoney etc on their website.

Withdrawal Methods

1. Credit/Debit Card: You can receive the funds to your card which you used once on their website. You can contact them for withdrawal using the card.
2. Bank Transfer: You can send your bank account details which request for withdrawal.
3. E-Wallets: Traders can also receive withdrawal in their E-Wallets like Neteller, Skrill, WebMoney etc on their website.

easyMarkets Bonus

They offer a deposit bonus on the first bonus. For any deposit of $100 – $199, they offer a bonus of 30%. And for a deposit of $200 – $1000, they offer a bonus of 50%.

Moreover, for a deposit of $1001 – $5000, they offer a bonus of 40%.

easyMarkets Customer Support

easyMarkets offer customer support 24 hours from Monday to Friday. You can contact them via the below mediums:

1. Chat Support: They offer live chat support to traders for any query or issue. You can also chat with them via Facebook messenger, Viber, WhatsApp, and live web chat. There is no hold time on chat and is very quick and responsive.



2. Send us a message form: Traders can also fill the message form on their website. Their support team will get back to your requested email.
3. Email Support: You can also send them a mail from your email to their emails [email protected], [email protected].
4. No Local Phone Number: They does not have local phone number in South Africa. You can call them at their international phone number +35799656290.

Do we recommend easyMarkets?

If you are looking for a broker with a good past and have some good traders then we recommend you to start with easyMarkets.

Most of the brokers have variable spreads and they also charge high commission on trade. But in the case of easyMarkets, there is no commission on trade with a fixed spread.

Moreover, in the case of a VIP account, the account manager can drop the spread rate for you. In our opinion, this is what makes them different from the other brokers.

easyMarkets South Africa FAQs

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