What is easyMarkets?
easyMarkets is a Forex Broker aimed specifically at Australian customers. As an introduction, we will say that easyMarkets is perhaps not going to be popular with experienced traders because it is deliberately basic, for want of a better word.
However, there are advantages to the simplicity of the platform, as well as some unique and exciting features that will appeal to less experienced traders. We recommend you read this and other reviews of Forex Australia brokers before you choose your option.
We’ll talk about some of the features of easyMarkets in the next section, but before we move on, there’s one in particular that we would like to highlight – the Demo Account mode. This allows you to ‘trade’ using fake money – in other words, you can take some time and get a grip on what it’s all about.
Now, let’s look at the features of easyMarkets, including one clever and unique function.
The Features of easyMarkets You Need to Know About
easyMarkets focuses on simplicity. It also aims to minimise the potential of high-risk trades. This is why newcomers favour it in the trading game. We would not recommend a complete novice go straight to trading. Hence, we appreciate the demo mode.
Before we list a few of the main attractions of this broker we want to mention dealCancellation. This unique to easyMarkets feature allows traders to cancel a trade within 1, 3, or 6 hours, thus avoiding trading fees. We suggest you visit the website to learn more about this beneficial function. Here are some of the main attractions of easyMarkets.
- Simple to use trading platform.
- No commission fees and low fixed spreads.
- Deal Cancellation feature.
- Full range of risk management features.
- Customer service 24/7.
- Choice of payment options.
- Demo Account mode
- No Expert Advisers feature.
- Limited spreads and range of markets.
Who is easyMarkets Best for?
As we have already mentioned, it is clear that easyMarkets is aimed at traders with little experience. The dealCancellation feature and the Demo Account Mode, as well as the simple-to-use trading platforms and risk management features, all appeal to those looking to make a start in the Forex markets.
There are excellent educational tools in the package, too, which will help users learn more about trading and what to do for the best results. For the experienced trader, this is a package that may only impress if you are looking to minimise risk.
Why is easyMarkets Best for Australian Traders?
easyMarkets has the relevant license from the Australian Securities and Investments Commission (ASIC), so users are guaranteed a safe and secure platform to trade. This broker has also been granted an Australian Financial Services (AFS) license.
Should You Choose easyMarkets?
Whether or not you choose easyMarkets as your Forex Broker Australia depends entirely upon where you are in your trading career. If you want to try trading, sign up with easyMarkets and activate the Demo Account. This allows you to trade as in the real world but without losing money.
The platform has excellent educational tools, but limited spreads and a poor range of markets will not appeal to the expert trader. For the novice, easyMarkets may be the best choice as it is simple to use and is an excellent introduction to trading.