EASY MARKET is a broker born on 2011 , property of the “Easy Forex Trading Ltd” of Cyprus, authorized by the CySec ( license n°079/07). It's also present on Australia regulated by the ASIC (AFS license n°246566). To be truthfully this broker was born on 2001 under the name of easyforex, changed along with the brand and the look after 10 years.
Here there are some substantial differences between this broker and the others:
the presence of “Vanilla options” a tool very similar to CFDs but with more versatile features :
a webbased platform belong to them with features that allow the opening process of trade s to be executed into three “pre-set” steps as it could be for binary options: lots selection, levarage selection through the botton “amount to risk” which is equivalent to the potential gain/loss, direction selection, while stop loss and take profit are already set at the beginning with the ratio 1:1
There's a function called “Dealcancellation” which represents the possibility to cancel the operation 'till 60 minutes after the opening if it's losing. This kind of risks coverage has obviously a commission cost higher of the 20% than the potential gain/loss. It represents an insurance tool which semplifies the famous cover operation through options, but at a more elevated cost.
The botton “Freeze Rate” offers the opportunity to “stop” prices for some seconds. During those seconds the market could change, however it will try to execute your order at the frozen price.
There are free signals for all the clienrs holding an accoutn, but we advice to avoid them. The learning videos sections isn't very valuable, it's oriented more to teach general topics and how to use their platform. Spread are set and surely higher than those of top brokers. There is no “slippage” but it happens that the operation is sometimes stopped during times of high volatility.
About languages they are very lacking, in fact they offers assistance only in english.
We think this broker isn't fitted for professionals, rather than for beginners, we may add it's the best for those who have just started. The reason behind this consideration is that their strongest point is the semplicity of the web-base platform which allows to start trading without having to think about all the variables common in the traditional trading , as for the simplified management of risk, lots,stoploss and takeprofit. Semplifying these aspects means also doing a very strict trading not adaptable to one own choices that is why we suggest this platform only for the initial phase. Moreover the new tools such Vanilla options” and the “Dealcancellation” are some king of news for those willing to do a more professional trading for a long period. Furthermore we consider it honest and transparent enough.
They don't offer special privileges based on different account types and they don't organize stupid competitions or lotteries to motivate users. Still one of the best IMHO!
I've been trading forex for some months and I still have lots of things to study, this is my first broker and I really like being here. My manager account is a wonderful person, she's helping me and guiding me everyday; my only problem was when they had to make sure of my identity. The process took almost 10 days and they asked too many documents... kind of excruciating!
"This broker is very accurate, i opened a live account and it's the same as the demo I had. Good broker, simple platform and helpful support team.
This broker rarely gave me problems although their platform sometimes stalls while i'm trying to open trade positions therefore making me lose my trading opportunity. It happens once in a while, no big deal after all. I tried a lot of broker ?and this broker has spreads very low on a large amount of assets. I think it is one of the best.