What is Easy Trading Online？
Easy Trading Online is a regulated online trading platform based in Australia, with oversight from the Australian Securities and Investments Commission (ASIC). Being regulated means that the firm adheres to strict regulatory standards, offering a reliable and secure trading environment for its users.
Pros & Cons
Pros:
- High Leverage up to 500:1: Easy Trading Online offers a very high leverage of 1:500, providing traders with the potential to amplify their positions. This can be advantageous for those seeking increased exposure to the market.
- Demo Account Available: A demo account allows users to practice and familiarize themselves with the platform and trading strategies without risking real capital.
- Low Spreads: Easy Trading Online provides low spreads, starting from as low as 0.1 pips. Low spreads can contribute to reduced trading costs for users.
- Regulated by ASIC: The brokerage is regulated by the Australian Securities and Investments Commission (ASIC), adding a layer of oversight and potentially increasing user trust.
- MT5 Supported: Easy Trading Online supports the MetaTrader 5 (MT5) trading platform, offering users an advanced and feature-rich trading environment.
- 24/7 Customer Support: The availability of round-the-clock customer support ensures that users can seek assistance or resolve issues anytime, enhancing the overall customer experience.
Cons:
- Regional Restrictions on Many Countries: Easy Trading Online imposes regional restrictions on several countries, including the United States (USA), Ontario Province in Canada, North Korea, Iran, and New Zealand. This limits access for potential users residing in these regions.
Is Easy Trading Online Legit？
- Regulatory Sight: Easy Trading Online operates as an Appointed Representative (AR) under the regulatory oversight of the Australia Securities & Investment Commission (ASIC). This regulatory status, indicated as “Regulated,” ensures that the broker complies with the regulatory standards established by ASIC. With license number 001304951, Easy Trading Online's regulatory affiliation with ASIC provides traders and investors with the assurance of a regulated environment, fostering trust and adherence to financial regulations.
- User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
- Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Easy Trading Online offers some popular markets to trade on, including futures, forex (foreign exchange), precious metals, commodities, and stock indices.
Account Types
Easy Trading Online offers two distinct account types: the Standard Account and the ECN (Electronic Communication Network) Account (Professional Account), catering to different trading preferences. The Standard Account requires a minimum deposit of $100, making it accessible to a broader range of traders. On the other hand, the ECN Account demands a higher minimum deposit of $5,000, targeting more experienced and high-volume traders. Both account types provide compatibility with Expert Advisors (EAs), facilitating automated trading strategies. Additionally, Easy Trading Online offers an attractive explosion proportion of 30%, enhancing the potential profitability for traders on both account types. This feature is particularly appealing to those seeking competitive trading conditions and opportunities for increased returns.
In addition to its standard features, Easy Trading Online offers a noteworthy benefit: a complimentary demo account exclusively for ECN (Professional Account) users. This free demo account allows traders to practice and test their strategies in a risk-free environment before engaging in live trading. This feature can be particularly advantageous for ECN account holders who wish to refine their trading skills and explore the platform's functionalities without any financial risk.
How to open an account with Easy Trading Online？
Step 1: Sign Up: Visit the Easy Trading Online website and click on “Register” to create a new account. Fill out the registration form with your personal details.
Step 2: Verify: Easy Trading Online will likely require verification to comply with regulations. This may involve submitting documents like ID proof and proof of address.
Step 3: Deposit: Once your account is verified, fund your account using a preferred payment method offered by Easy Trading Online.
Step 4: Start Trading: After your deposit is successful, you should be able to access the trading platform and begin buying and selling your chosen assets.
Leverage
Easy Trading Online provides a maximum leverage of 1:500 for both its standard and ECN accounts. This high level of leverage offers traders the opportunity to amplify their positions and potentially enhance their trading outcomes. It's important for users to be mindful of the risks associated with high leverage and to employ risk management strategies accordingly.
Spread & Commission
Easy Trading Online claims to offer competitive spreads starting from as low as 0.1 pips. The website notes that the spread for the Standard Account is higher compared to the Professional Account (ECN account). Additionally, fees are charged for ECN account users, and while it's not explicitly stated whether there are hidden fees for the standard account, users are advised to exercise caution and thoroughly review the terms to ensure a clear understanding of the cost structure.
Trading Platform
Easy Trading Online provides the MetaTrader 5 (MT5) trading platform for its users. MT5 is a versatile and widely used platform known for its advanced features and capabilities. Traders using MT5 with Easy Trading Online can benefit from a user-friendly interface, advanced charting tools, technical analysis, automated trading through Expert Advisors (EAs), and access to a wide range of financial instruments.
Deposit & Withdrawal
Easy Trading Online offers a straightforward process for deposits and withdrawals. The recommended minimum deposit amount is USD 100. For deposits in other foreign currencies, the equivalent amount will be converted based on the prevailing USD exchange rate. When it comes to withdrawals, the recommended minimum amount is USD 50, and similar to deposits, withdrawals in other foreign currencies will be converted according to the USD exchange rate. This transparent approach allows users to manage their funds efficiently while considering currency variations.
The funding methods are presented below:
Customer Support
Easy Trading Online offers customer support 24/7 through various channels. Users can reach out via a contact form or the live chat window on the website, email at support@easytradingol.com, and through popular social media platforms such as Facebook, Instagram, YouTube, Twitter, and LinkedIn. The company provides a physical address at 2 174 Willoughby Rd, Naremburn, NSW 2065, Australia.
Conclusion
Easy Trading Online, as a regulated broker, supports the MetaTrader 5 (MT5) trading platform, providing advanced features and a user-friendly interface. The customer service provided is relatively comprehensive and the funding methods supported are diverse. It can be a relatively good start for beginner investors.
Frequently Asked Questions (FAQs)
Is Easy Trading Online regulated？
Yes, Easy Trading Online is regulated by the Australian Securities & Investment Commission (ASIC).
What trading platforms are supported by Easy Trading Online？
Easy Trading Online supports the MetaTrader 5 (MT5) trading platform.
What is the minimum deposit required？
The minimum deposit for the Standard Account is $100, while the ECN (Professional Account) requires $5,000.
Does Easy Trading Online offer a demo account？
Yes, a demo account is available, specifically for ECN (Professional Account) users.
Is Easy Trading Online good for beginners？
Yes, it is a good choice for beginners.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2024-06-27 15:10
2024-05-16 15:29
