easyMarkets exceeds the general needs of traders by providing strong basic services expected from a broker, while working to innovate to meet the greater expectations of the client base. With simple account types, a strong variety of platforms to support traders, a good introduction package waiting for beginner traders, and exceptional attention put to the needs of professional traders, easyMarkets makes the list of one of our favorite brokers to recommend to Malaysian clients.
Account types offered by easyMarkets
easyMarkets provides two live accounts in addition to the live-time demo account. The Standard 1 pip account that is offered in other places in the world is not yet offered to the Asian and Australian markets. Note that easyMarkets does not allow scalping, however, it is good for the intraday and long-term traders.
The standard account has a minimum deposit of 100 USD, and comes with a generous 50% bonus on the first deposit. This makes it a great option for traders who are just starting out and gives that extra capital to leverage your first trades. With this account, you can expect a good welcome from a personal client relationship manager, a platform tour to get your familiar with the technology, and some basic education on forex trading strategy.
The VIP account extends some of the standard account features in exchange for a higher minimum deposit of 10,000 USD. In addition to the above, free signals and SMS market updates are offered to get you the best information as fast as possible. You also have access to a personal analyst to assist in finding opportunities for trading and higher leverage to take on bigger positions. Express withdrawals are also available. This a very powerful account for a serious trader.
While I would strongly recommend easyMarkets to any trader, I would like to see an easyMarkets a Swap-free (Islamic) Account to cater for the Muslim traders and lower spreads on both of the account types.
easyMarkets trading platforms
easyMarkets has a variety of trading platforms which include the easyMarkets (web) trading platform, MetaTrader4, iPhone App, and Trade Desk. The Trade desk trading platform is created specifically for professionals who want to have their own personalized trading applications creating visual layouts that suit the various market scenarios.
The easyMarkets Trading Platform is quite unique because it provides traders with the innovative and advanced trading features that make easyMarkets worth using. The easyMarkets Trading Platform offers the dealCancellation feature which allows a trader to cancel any deal within 1 hour and recover the losses on the trade, as well as a free Guaranteed stop loss feature so that a trader can protect themselves against big losses on losing trades automatically. All of this while providing some of the best advanced charts, technical analysis and sentiment as standard features.
You can deposit and withdraw money to and from your easyMarkets account respectively using a variety of transaction methods which include: debit cards, credit cards, WebMoney, Skrill and Neteller. EasyMarkets also allows the use of PayPal, Bank Transfer Withdrawal Options Wire Transfer.
Other easyMarkets features
- easyMarkets offers customer service for 24 hours for the five working days in a week.
- It also gives a bonus to first-time depositors and bonuses and rewards with no deposit bonus.
- It offers a maximum leverage of 1:400.
- It doesn’t allow scalping and trading of ETFs, indices, and stocks.
- easyMarkets doesn’t offer institutional accounts as compared to other forex brokers.
Company & Regulation
easyMarketsis a market maker broker, founded in 2003 and its headquarters are in Limassol, Cyprus. In addition to its headquarters, it has other offices in London, Shanghai, Sydney and Warsaw making this broker Global and with a strong presence in South-East Asia.
easyMarkets is licensed by various commissions in various countries in which it conducts its businesses. An example of the commissions which have licensed the easyMarkets are the CySEC (Europe) and ASIC (Australia). Importantly, EasyMarkets is also licensed by the Securities Commission Malaysia allowing it to operate in Malaysia.