easyMarkets is a hybrid trading platform, blending traditional and cryptocurrency trading with high leverage.
easyMarkets, launched in late 2016, was the brainchild of a group of traditional finance experts with a passion for cryptocurrency. Their collective expertise in both fields led to the creation of a unique platform that combined the best of both worlds. Offering a wealth of trading options, easyMarkets has carved out a niche for itself in the trading world, delivering a unique value proposition to traders worldwide.
Go to easyMarkets’ Official Website
Regulatory Compliance and Legal Aspects
Compliance with laws and regulations is a crucial facet of any credible financial operation. To this end, easyMarkets LTD operates within the jurisdiction of Mwali, where it’s incorporated as an International Business Company (HY00323037) and holds an International Brokerage and Clearing House license (T2023208) issued by the Mwali International Services Authority. Additionally, easyMarkets LLC is incorporated in Saint Vincent & the Grenadines (2788LLC2022), further demonstrating their commitment to legality and regulatory compliance.
Find out more about easyMarkets’ Licenses
Execution Model and Trade Efficiency
The platform employs a Straight Through Processing (STP) model for FX, commodities, stocks, and indices trading. This system sends all client orders directly to liquidity providers, bypassing any potential manipulation or interference by a dealing desk. The use of this model also ensures that easyMarkets can deliver some of the industry’s fastest trade execution speeds. This speed advantage is primarily due to the platform’s location in the world’s premier financial data center and its broad global infrastructure network. In return for these services, easyMarkets charges a transparent percentage-based commission.
Trade Forex and Crypto with easyMarkets
Trading Forex with Bitcoin
In a move that epitomizes the intersection of traditional and crypto finance, easyMarkets provides leveraged trading on a wide range of global financial markets using Bitcoin (BTC), altcoin, or USD trading accounts. These include Forex, precious metals, energy commodities, indices, stocks, and cryptocurrencies. Trading operations are conducted on the well-known MT5 and easyWebtrader platforms. Users can trade with Bitcoin as their account base currency, with additional options for USD, LTC, ETH, and SOL-based accounts.
Deposit Options and Currency Support
Deposits to easyMarkets can be made using a variety of methods and currencies. Currently, the platform accepts deposits in Bitcoin, Litecoin, Ether, Solana, and several USD stablecoins including USDC, USDT, and BUSD. For those who prefer traditional banking methods, the platform also provides the option to fund your account via credit card and bank transfer.
Leveraging Options
One of the key features that sets easyMarkets apart is the high leverage it provides to traders. This includes up to 1000x leverage for Forex trading, 500x for commodities and indices, and a still substantial 100x for crypto trading and stocks. This opens up significant earning potential for traders, while also highlighting the need for responsible trading due to the inherent risks involved with high leverage.
Account Varieties and Trading Modes
easyMarkets adopts a simplified approach when it comes to account types, providing just one type of account that offers raw variable spreads, swap (interest rate) payouts and charges, and fixed percentage commissions for all trading pairs. This streamlined approach removes the confusion of multiple account types and allows traders to focus solely on their trading activities.
This single account type offers two account modes: Hedging, allowing for simultaneous long and short positions for each symbol, and Netting, which consolidates all long and short trades into a single position per symbol. Account currencies available include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Solana (SOL), and US Dollar (USD).
Geographical Restrictions
While easyMarkets provides its services to a global clientele, residents of the United States are currently ineligible to use the platform. This exclusion is due to regulatory restrictions and is a common practice among many cryptocurrency trading platforms.
Customer Support and Availability
easyMarkets has a dedicated support team available 24/7/365 via email, recognizing the fact that the cryptocurrency markets never sleep. Traders can expect to receive a response within 24 hours, ensuring that their concerns are addressed in a timely manner.
Contact easyMarkets’ Support Team
Leverage and Exposure Limits
easyMarkets employs a dynamic leverage system that varies based on asset class and total exposure across all relevant asset classes. The maximum leverage for Forex is 1000x, for commodities and indices it’s 500x, while crypto and stocks are at 100x. It’s important to note that these limits are in place to balance the potential rewards of high leverage with the associated risks.
Price Determination for Bitcoin and Altcoins
The pricing for Bitcoin and altcoins on the easyMarkets platform is derived from the buy and sell volume of their clients who are trading on the platform. To ensure sufficient liquidity, the platform utilizes exchange liquidity from several well-known exchanges such as Binance, Bitfinex, BitMEX, Bitstamp, Coinbase, Deribit, and Kraken when trade volumes exceed the available volume at easyMarkets. This creates an environment with optimal liquidity and price reliability.
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Trading Server Time Zone
easyMarkets’ trading servers operate on GMT+2 during winter and GMT+3 during summer. This follows the pattern of traditional financial markets, including bitcoin CME and CBOE futures, aligning the platform’s trading hours with those of the major global markets.
Margin Call and Stop-Out Levels
When a trader’s Margin Level (equity/margin) falls below 30%, easyMarkets automatically closes the largest losing position. This move is intended to restore the Margin Level of the trading account back to above 30% and prevent further losses.
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Swap Charges
There are swap charges for Forex positions that are held open past 5PM NY time on Wednesdays. These positions are subject to triple daily rollover charges, taking into account the interest for Wednesday, Saturday, and Sunday. This practice is common in Forex trading due to the non-operational days of banks during the weekend.
Check the Swap Rates of easyMarkets
Minimum Deposit and Withdrawal Requirements
easyMarkets does not impose a minimum deposit, giving traders the freedom to start with an amount they are comfortable with. However, they do have minimum withdrawal amounts for different assets. These include 0.001 BTC for Bitcoin, 0.005 LTC for Litecoin, 0.01 ETH for Ether, 0.01 SOL for Solana, and 25 USDT for Tether.
easyMarkets’ trading conditions, as detailed above, are designed to cater to a wide variety of traders, from seasoned professionals to beginners just starting out. Their unique blend of traditional and cryptocurrency trading, combined with high leverage and a user-friendly interface, make them an attractive option for traders. However, it’s crucial to understand that trading, especially with high leverage, carries risks and it’s important to have a good understanding of the trading conditions before starting.
Go to easyMarkets’ Official Website
Please check easyMarkets official website or contact the customer support with regard to the latest information and more accurate details.
easyMarkets official website is here.
Please click "Introduction of easyMarkets", if you want to know the details and the company information of easyMarkets.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...