EasyMarkets, headquartered in Cyprus, is a pioneer in the realm of online forex trading thanks to its intuitive trading platform, which it introduced to the public in 2001.
EasyMarkets has locations in Shanghai, Sydney, Limassol (Cyprus), and the Marshall Islands in order to offer its services and support to customers all over the world. In spite of market fluctuations, the firm remains committed to providing reliable trading conditions by never changing the spread and never allowing slippage.
The idea to democratize trading began as a company that accepted an initial deposit of only $25. At the same time, the broker expanded their client base and received many positive easyMarkets review in terms of their trading environment.
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EasyMarkets Overall Ranking
According to our investigation, this broker is heavily regulated by authoritative bodies, so you can have faith in them. It protects against insolvency and negative balances while ensuring safe trading. As a newcomer to the trading world, I can attest that the broker’s extensive educational resources are a huge plus. Constant availability of support and the narrow product selection are major drawbacks.
Is Easymarkets Safe Or Scam?
Because of its high regulatory standards, easyMarkets is a safe trade that operates through a few regulated entities in its established jurisdiction and is not a scam.
Are Easymarkets Regulated?
Located in Cyprus under registration number HE203997, Easy Forex Trading Limited is a financial services provider authorized to operate in Europe in accordance with CySEC’s MiFID regulations. That’s because the EU’s standards for doing business made it possible for it to serve clients in the EEA and beyond.
As with many other unregulated financial businesses, EasyMarkets has its headquarters in the Marshall Islands. Nonetheless, it is possible to engage in legal trading due to its status as an Australia Forex Broker governed by ASIC in the Asia-Pacific region.
What Kind Of Leverage Does Easymarkets Provide?
So, you can multiply your starting capital and increase your potential returns by trading multiple instruments at once with the help of leverage. However, learn how to use tools wisely, as high leverage and incorrect use increase risks.
The maximum leverage that can be used on easyMarkets depends on the nature of the instrument being traded, the trading platform being utilized and applicable regulations.
Therefore, you can use high leverage of up to 1:400 for major currencies and up to 1:50 for cryptocurrencies when trading with ASIC-regulated Australian and global entities.
ESMA regulations mean that CySEC-regulated European entities can only offer leverage of 1:30 on Forex instruments and 1:10 on commodities.
Best Trading Platforms in Australia for Beginners in 2022
The Australian Securities Exchange (ASX) is the world’s 16th-largest exchange. As a result, Australian traders are looking to invest in international stocks and ETFs. Do you want to find the top online trading platforms in australia? The greatest trading platforms in Australia, from share trading platforms and tools to funding ways, are listed here. To assist you in selecting the best broker, we consider features, costs, service, user-friendliness, market range, and other factors.
GO Markets
GO Markets is one of Australia’s best and most well-known trading platforms. It is one of the most highly recommended brokers for new and experienced traders. The minimum deposit on GO Markets is a mere $200, and you can pick between two types of trading accounts: Standard and GoPlus. Account currencies include AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, and HKD.
nabTrade
The National Australia Bank’s nabTrade service offers over 10,000 exchanges across various instruments. Whether it’s stocks or bonds, nabtrade has them covered because nadTrader is a stock broker. For trades between $10,000 and $20,000, the brokerage cost is $19.95. Nabtrade costs $14.95 for trades over $5,000. As a result of its low cost, nabTrade attracts customers who are interested in trading both nationally and internationally. Finding a solid investment opportunity is simple thanks to the company’s research and charting. In addition, nabTrade offers instructional resources for newcomers to learn about the market and investment methods.
Customer portfolios on nabTrade can be accessed from any mobile device or desktop computer, and trading news and insights are provided to customers in the same way they would be by any other broker. Customers looking for a high-quality trading platform will find it tough to turn away from nabTrade’s features and services.
