Founded in 2001, easyMarkets made a significant mark in the Forex industry by being the first broker to introduce negative balance protection and a guaranteed stop-loss. This pioneering spirit has continued with innovative tools like easyTrade, Freeze Rate, and dealCancellation, all designed to help traders effectively manage their risk.
For beginner traders, easyMarkets’ user-friendly trading platform is a major draw. The platform integrates seamlessly with TradingView and includes all the aforementioned tools. Additionally, easyMarkets supports the popular MT4 and MT5 platforms, giving traders a wide range of options.
The broker offers seven live accounts, each with higher-than-average minimum deposits. Trading costs vary from 0.7 to 1.8 pips (EUR/USD), which is on the higher side for the industry. However, traders will appreciate that most accounts feature fixed spreads, simplifying the calculation of trading costs.
Despite these advantages, easyMarkets has a couple of drawbacks. Its focus is primarily on beginner traders, with less emphasis on the needs of more experienced traders. While it offers good educational materials, there is a notable lack of advanced trading tools and in-depth market analysis.