EasyMarkets is ahead of its time when it comes to promotions and allows clients to choose which bonus they wish to receive. At the time of this review, the choice was a$25 welcome bonus, a tradable bonus up to 50%/$2000 based on the first deposit amount, or a type of Refer-a-Friend program whereby traders can earn up to $2,500 by bringing in new clients. Traders are able to use all means of social media–Facebook, Twitter, YouTube, Forums, Email and Blogs to share the easyMarkets link.
*Bonuses are not available to clients based in the European Union100% profit spread options >> Get Your Bonus
The easyMarkets Learn Centre offers programs and material for beginner, intermediate or advanced traders. These include a host of instructional videos, trading guides and manuals, e-books, and online explanations of key trading terms and concepts.
There is one standard trading account at easyMarkets and the minimum trade is only $100.
An Islamic account is available whereby traders extend their day-trading deals to the next day, and there is no rolling fee charged. The maximum duration offered for day-trading deals is limited (usually 1 month but it can also be shorter or longer depending on the currency pair traded).
There is a rolling charge for trading currencies depending how long the trade is held. Since commodities and indices are traded as CFDs they have a fixed expiry date and no rolling fee. However gold, silver, palladium and platinum are traded as spot trades and rolling fees are charged. There are no rolling fees on options.
easyMarkets account holders that are based outside of Europe can enjoy leverage up to 1:400. European citizens can have leverage up to 1:30 on major Forex pairs and 1:20 for exotic crosses. The difference in leverage between EU and non-EU is because of ESMA, European regulation introduced in 2018 that is designed to protect the trader. easyMarkets is fully ESMA-compliant.
When using the proprietary platform, a free life-long demo account is available. This is the first broker I have ever reviewed that offers this type of demo account.
In addition, a personal analyst is available to all those who update their accounts to a VIP account. This analyst is there to help traders by providing them with expert trading tips, 24/7 availability and over the phone trading capabilities.
Holders of the VIP account are also entitled to cash rebates and SMS alerts on market movements.
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