easyMarkets
Retail investing has exploded since the early days of the COVID-19 pandemic.
And why not?
Stocks were at rock-bottom levels, trading had become fast and easy, and the finance industry has thousands of investment products to exploit. It is truly an exceptional time to be an armchair trader, whether cryptocurrency is your thing or you enjoy trading stocks listed on the Nasdaq Composite Index.
But if you are a late entrant, or you are just interested in switching platforms, where should you go to satisfy your demand for investing?
Indeed, there are so many to patronize these days. A common platform that has been around for two decades is easyMarkets.
What Is easyMarkets?
In 2001, easyMarkets was launched and quickly turned into a global award-winning and multi-asset web-based trading platform, with headquarters in Cyprus and Australia. Today, it is one of the most popular online financial entities for retail investors as it has worked with more than 142,000 users to date.
Plus, easyMarkets is a regulated broker, monitored and supervised by the Cyprus Securities and Exchange Commission (CySEC) and Australian Securities and Investments Commission (ASIC).
What Markets Does easyMarkets Offer?
The website currently offers clients more than 200 tradable assets to invest in. Armchair traders can access stocks, forex, commodities, indexes, cryptocurrency, and CFDs.
But here are some specific facts about easyMarkets you should know:
- 150 forex pairs offered (major, minor, and exotic).
- 12 commodities available to trade (metals, energy, and agriculture).
- 52 stocks to choose from (U.S., British, German, and Japanese).
In addition, easyMarkets offers investors various trading techniques to excel in their investment endeavors, such as trailing stops, stop loss, and take-profit orders.
You can also utilize the popular MetaTrader 4 platform on easyMarkets.
Trading With easyMarkets
For anyone interested in using easyMarkets for their trading needs, the company provides a broad array of account types, such as:
- Standard account
- Mini account
- Micro account
- Islamic account
- Demo account
- VIP
- Premium
Of course, each account provides different features and serves various other purposes, whether you want to engage in the easyMarkets CFD broker opportunities or the many forex pairs on hand.
For example, a demo account allows you to essentially practice forex trading or stock trading without real money. Or, as another instance, Islamic trading lets investors park their money in the Islamic stock market using the principles of Islamic finance.
At the same time, they all share some notable functions, such as max leverage (1:200 on web or app and 1:400 on MetaTrader 4), 24/5 customer support, personal account manager, fixed spreads, and negative balance protection.
And what about the brass tacks of easyMarkets fees?
Well, the chief easyMarkets bonus of using its platform is that there are no outlandish withdrawal, inactivity, deposit, and CFD commission fees. The minimum deposit is $100 (or 100 euros or pounds).
For more info about easyMarkets, read our professional easyMarkets review.
Is easyMarkets a Worthwhile Broker?
While it is certainly a positive that easyMarkets does not have egregious fees, the suite of financial products is not enticing enough.
Although it has 150 forex pairs in its arsenal, easyMarkets only has a dozen commodities and few-dozen stocks. Other trading platforms have far more commodities and stocks to select and add to investment portfolios.
In the end, easyMarkets is a bare-bones outfit that may have fallen behind the rest of the web- and app-based trading industry. Many of its industry rivals have thousands of trading instruments to trade at zero cost.
The company may have been innovative 20 years ago, but in the era of Robinhood, eToro, or Wealthsimple, easyMarkets has failed to keep up with the rest of its competitors in this space.
Why not give it a try and see what you think?