easyMarkets provides five different account types e.g., Standard Account, Premium Account, Islamic account, Demo Account, and VIP Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.
easyMarkets at a Glance
| 🔎 Brokers NAME | easyMarkets | |||||||||||||||||
| 📍 Headquartered | Limassol in Cyprus. | |||||||||||||||||
| 📅 Year Founded | 2001 | |||||||||||||||||
| ⚖️ Regulating Authorities | ASIC / CySEC | |||||||||||||||||
| 🌐 Countries not accepted for trade | United States of America , Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Belarus, Burundi, Cambodia, Cayman Islands, Chad, Comoros, Congo, Cuba, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Fiji, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, and Yemen. | |||||||||||||||||
| ☪️ Islamic account (swap-free) | Yes | |||||||||||||||||
| 👍 Demo Account | Yes | |||||||||||||||||
| 📊 Institutional Accounts | No | |||||||||||||||||
| 📊 Managed Accounts | No | |||||||||||||||||
| 📈 Maximum Leverage | 1:400 | |||||||||||||||||
| 💰 Minimum Deposit | 100 USD/R1520 | |||||||||||||||||
| 💳 Deposit Options | Bank Wire, VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay. | |||||||||||||||||
| 💳 Withdrawal Options | Bank Wire, VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay. | |||||||||||||||||
| 💻 Platform Types | MMT4, EasyMarkets Web Platform | |||||||||||||||||
| 📱 OS Compatibility | PC, MacOS, web browsers, Linux, windows, Android, iOS | |||||||||||||||||
| 📈 Tradable Assets | Forex, Indices,Commodities,CryptocurrenciesandShares | |||||||||||||||||
| 👨💼 Languages supported on Website | English | |||||||||||||||||
| 👥 Customer Support Languages | English | |||||||||||||||||
| 📆 Customer Service Hours | 24/5 | |||||||||||||||||
| 🚀 Open an Account | 👉 Click Here |
Overall Rating Read Review OPEN AN ACCOUNT Min Deposit USD 100 Regulators CySEC, ASIC, BVI, FSA Trading Platform MT4, Proprietary Platform Crypto Yes Total Pairs Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our easyMarketsAccount Typesbelow.
easyMarkets Account types – 8 key points quick overview:
- easyMarkets Overview
- easyMarkets Account Types
- easyMarkets Account Features
- easyMarkets Islamic Account
- easyMarkets Demo Account
- easyMarkets Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the easyMarkets account types as well as the treading features and benefits offered for each account.
easyMarkets Overview
easyMarkets is a forex broker company that operates from Cyprus and is regulated by CySEC, ASIC, BVI, and FSA.
EasyMarkets provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders use these broker companies to gain access to the 24-hour currency market for speculation purposes.
EasyMarkets was founded as EASY-FOREX in 2001 but in 2016, the brokerage re-branded to EasyMarkets and at the same time introduced CFD trading. Since then, EasyMarkets has won an extensive list of awards for services in several countries.
The group of companies however does not provide services to residents in the United States of America, Israel, Iran, Syria, Afghanistan, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, Manitoba, Equatorial Guinea, Guinea Bissau, Turkmenistan, Venezuela, Angola, Libya, Republic of Congo (Brazzaville), Democratic Republic of Congo, Chad, Haiti, Quebec, Cambodia, and Burundi. The MT4 platform is a basic, lower-quality version only and the broker’s WebTrader allows for limited to no authentic trading activity.
easyMarkets Account Types
EasyMarkets offers three different account types as well as an option for Muslim traders to open an Islamic or swap-free account. Traders can also open a demo account which can be used to practice trade strategies without risking the loss of money.
| 🌐 Account | VIP Account | Premium Account | Standard Account | |
| 💰 Minimum Deposit | 10 000 USD/R15 2914 | 2 000 USD/R30 409 | 100 USD/R1520 | |
| 💻 Platform Types | MT4, EasyMarkets Web Platform | MT4, EasyMarkets Web Platform | MT4, EasyMarkets Web Platform | |
| 📈 Maximum Leverage | up to 1:200 (Web/App) or 1:400 (MT4) | up to 1:200 (Web/App) or 1:400 (MT4) | up to 1:200 | |
| 👍 Demo Account | Yes | Yes | Yes | |
| 👉 Open a account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
easyMarkets Account Features
| ✅ VIP Account |
| ➡️ The VIP Account needs a minimum balance of 10 000 USD/RR15 2914 to be opened |
| ➡️ Can be used with leverage of 1:200 to1:400 |
| ➡️ Trading can be done with MT4 on the web or on TradingView |
| ✅ Premium Account |
| ➡️ An amount of 2 000 USD/RR30 409 is needed as a minimum deposit to open a Premium Account |
| ➡️also be used with leverage of 1:200 to1:400 |
| ➡️ with trading onTradingView or MT4 |
| ✅ Standard Account |
| ➡️ A deposit of only 100 USD/R1517 is required to open a Standard Account |
| ➡️ leverage of 1:200 |
| ➡️ trading on a web or mobile version of MT4 |
| ➡️ This account carries no commission or account fees |
| ➡️ Many payment options like bank wires, credit, and debit cards, Skrill, Neteller, Sofort, as well as several regional-only options, can be used to fund accounts. |
easyMarkets Islamic Account
EasyMarkets does offer traders who follow the Sharia law the option of an Islamic Account.Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure. The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law.
These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful. Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer. Brokers offer an Islamic Account only to Muslim traders who follow Sharia law.
Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more. Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
easyMarkets Demo Account
EasyMarkets offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
Traders who want to evaluate and compare brokers and would like to explore EasyMarkets’s trading conditions in a risk-free environment.
Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
The demo account can be used unlimited.
Min Deposit USD 100 Regulators CySEC, ASIC, BVI, FSA Trading Platform MT4, Proprietary Platform Crypto Yes Total Pairs Islamic Account Yes Trading Fees Low Account Activation 24 Hours
easyMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fixed spreads, no slippage, and no commissions. | High spreads compared to other brokers. |
| Innovative trading platform with innovative features. | No cent account, VPS, and forex calculators. |
| Responsive and professional client support | No services to clients from the USA and more than 20 other countries. |
| Up to 50% first deposit bonus to welcome new traders. | |
Conclusion
easyMarkets provides five different account types e.g., Standard Account, Premium Account, Islamic account, Demo Account, and VIP Account. Each account type has its own set of conditions for commission,margin calls, leverage, and minimum deposits.
easyMarkets Account Typesvary according to what traders require. Spreads are high and the broker charges traders for the usage of its proprietary trading platform through higher spreads than those available in the broker’s MT4 platform.
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Frequently Asked Questions
Trading environment
How many instruments can I trade with EasyMarkets?
You can trade several different instruments with EasyMarkets, which include the following:
- Currencies: (60+)
- Cryptocurrencies: (3) Bitcoin, Ethereum
- CFD: (45+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities.
- Total pairs 275+
Which platforms are supported by EasyMarkets?
EasyMarkets provides the following popular trading platforms:
- MT4
- TradingView
- Mobile app
Does EasyMarkets offer leverage?
Yes, EasyMarkets offers maximum leverage of up to 1: 400.
What spreads can I expect with EasyMarkets?
EasyMarkets offers spreads from 0.9 pips on the EUR/USD.
Since details on the website may not be clear enough stipulated, more information should first be obtained from the customer support service to make an informed choice.
Does EasyMarkets charge a commission?
No commission is charged on the standard account type. More information on commissions should become available after opening an account or can be obtained from the customer support service.
Are there additional charges on the Islamic account?
EasyMarkets does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.
New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.
Is EasyMarkets regulated and by whom?
EasyMarkets is regulated by CySEC, ASIC, BVI, FSA.
Is EasyMarkets a recommended forex trading broker for experts and beginners?
EasyMarkets offers a fair-trading environment for most types of traders.
What is the overall rating out of 10 for EasyMarkets?
6/10.
4.9/5 - (48 votes)
Louis Schoeman
Featured SA Shares Writer and Forex Analyst.
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