Score

1.47 /10
Danger

Easy Markets

Cyprus

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.69

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Easy Forex Limited

Company Abbreviation

Easy Markets

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 000246566) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Easy Markets · Company summary
Easy Markets Review Summary
Founded2016
Registered Country/RegionCyprus
RegulationASIC/ CYSEC (Suspicious clone)
Market InstrumentsForex, gold & silver
Demo Account
Leverage/
EUR/ USD SpreadFrom 3 pips
Trading PlatformsEasy-Forex trading platform
Minimum Deposit$200
Customer SupportPhone, email and fax

Based in Cyprus, Easy Markets is a forex and silver & gold provider through their web-based trading platform. They support four live and demo accounts. However, their licenses of ASIC and CYSEC are both suspicious clones.

Easy Markets' homepage

Pros and Cons

ProsCons
Demo accounts availableASIC/ CYSEC (Suspicious clone)
Security measures providedWide spreads
Multiple deposit and withdrawal channelsNo MT4/5

Is Easy Markets Legit?

Easy Markets claims that it is regulated by two licence. But both of them are suspected to be fake clone ones.

  1. The Australian Securities and Investments Commission (ASIC) (license type: Market Making (MM), license number: 246566).
Regulatory StatusSuspected Fake Clone
Regulated byAustralia
Licensed InstitutionEASYMARKETS PTY LTD
Licensed TypeMarket Making(MM)
Licensed Number246566
Suspicious clone ASIC license
  1. The Cyprus Securities and Exchange Commission (CySEC) (license type: Market Making (MM), license number: 079/07)
Regulatory StatusSuspected Fake Clone
Regulated byCyprus
Licensed InstitutionEasy Forex Trading Ltd
Licensed TypeMarket Making(MM)
Licensed Number079/07
Suspicious clone CySEC license

What Can I Trade on Easy Markets?

Easy Markets offers gold & silver and forex to trade.

Tradable InstrumentsSupported
Forex
Precious Metals
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds

Account Type

Easy Markets offers Mini, Gold, Platinum and VIP accounts with the minimum deposits of $200, $500, $5,000 and $10,000 respectively. Besides, it also offers forex demo accounts.

Account TypeFirst DepositMinimum Trade SizeMinimum Value to Be Risked Upon
Mini$200$5,000$25.00
Gold$500$50,000$250.00
Platinum$5,000$250,000$1,250.00
VIP$10,000$500,000$2,500.00
Account comparison

Easy Markets Spreads

Easy Markets offers a variety of initial standard spreads across different currency pairs. For instance, the EUR/USD spread starts from 3 pips for VIP accounts and 4 pips for Mini accounts. The spreads for more exotic pairs like USD/NOK and USD/PLN can be as low as 50 pips for VIP accounts but widen to 70 pips for Mini accounts. You can review the real-time spreads at the time of opening a trade.

Spreads

Trading Platform

Easy Markets offers Easy-Forex trading platform, an internet-based system. It offers web-based interface that requires no software downloads. The platform provides real-time data updates and secure transaction processing.

Web-based platform

Deposit and Withdrawal

Easy Markets offers credit cards, bank wire transfers, and even RMB deposits. Additionally, Easy Markets covers any fees incurred during bank deposits. Withdrawals are equally straightforward, with funds being returned via the same method used for deposit, in compliance with anti-money laundering regulations. The process is simple, fee-free.

Deposit and Withdrawal

Customer Service

Contact OptionsDetails
Phone400-120-3151
Emailinfo@easy-forex.com
Fax00357 2581 7183
Online Chat
Social Media
Supported LanguageEnglish
Website LanguageChinese
Contact info

The Bottom Line

Easy Markets provides demo accounts for users, its regulatory claims with ASIC and CySEC are questionable, both being flagged as suspicious clones. The broker offers various account types with minimum deposits ranging from $200 to $10,000, but higher spreads, starting from 3 pips for EUR/USD.

FAQs

Is Easy Markets safe?

No. Their licenses have been suspected as fake clones.

Is Easy Markets a good for beginners?

No. Their minimum deposit is rather high and their trading conditions are not regulated well.

What security measures does Easy Markets have in place to protect my funds and personal information?

It offers two layers of high-level firewall protection, encryption system, and two physically separate servers.

At Easy Markets, are there any regional restrictions for traders?

No.

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