easyMarkets Review
easyMarkets is a low-risk and award-winning broker based in the British Virgin Islands. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators. It has a trust score of 83% out of 100.
- Louis Schoeman
Updated : March 27, 2023
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 200 / 82900 NGN
Regulators
CFD
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
easyMarkets At a Glance
| 🏛️ Headquartered | The British Virgin Islands |
| 🏛️ Nigerian Based Office | No |
| 👍 Accepts Nigerian Traders? | Yes |
| 📅 Year Founded | 2001 |
| 📱 Nigerian Office Contact Number | None |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA |
| 🔎 License Number | British Virgin Islands – SIBA/L/20/1135 Cyprus – 079/07 Australia – AFSL 246566 Seychelles – SD056 |
| ⚖️ CBN Regulation | No |
| ✴️ Regional Restrictions | United States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, the Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji, Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, Nicaragua, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, Yemen |
| 📱App | Yes |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 3 |
| PAMM Accounts | No |
| Liquidity Providers | None, Market Maker broker |
| Affiliate Program | Yes |
| Order Execution | Market |
| Average spread | Fixed, 0.03 USD WTI (OIL) |
| Margin Call | 70% |
| Stop-Out | 30% |
| Minimum Trade Size | 0.01 lots |
| Maximum Trade Size | 50 lots |
| 🚀 Offers a Nigerian Account? | No |
| 💻 Dedicated Nigerian Account Manager? | Yes, a Personal Account Manager is offered |
| 📈 Maximum Leverage | 1:400 |
| 📈 Leverage Restrictions for Nigeria? | None |
| 💳 Minimum Deposit (₦) | 10,300 Naira or equivalent to $25 |
| 💳 Nigerian Naira Deposits Allowed? | Yes |
| 💰 Active Nigerian Trader Stats | 1.3 million |
| 💰 Nigeria Daily Forex Turnover | Unknown |
| 💳 Deposit Options | Debit Card Credit Card AstroPay Sofort Giropay iDEAL Local Bank Transfer Bpay Neteller Skrill Fasapay Sticpay Egyptian Local Deposits WebMoney BitWallet Perfect Money Bank Wire Transfer UnionPay WeChat Pay |
| 💰 Segregated Accounts with Nigerian Banks? | No |
| 💻 Trading Platforms | easyMarkets Platform MetaTrader 4 TradingView |
| 💰 Tradable Assets | Forex Shares Cryptocurrencies Precious Metals Commodities Indices |
| 🌐 Offers USD/NGN currency pair? | No |
| 🌐 USD/NGN Average Spread | N/A |
| ⌛Withdraw Time | 24 – 36 hours on weekdays |
| 📈 Offers Nigerian Stocks and CFDs | No |
| 👨💼 Languages supported on Website | Chinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Nigerian-based customer support? | No |
| 💰 Bonuses and Promotions for Nigerians | Yes |
| ✴️ Education for Nigerian beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
| ✔️ Is easyMarkets a safe broker for Nigerians? | Yes |
| ✔️ Rating for easyMarkets Nigeria | 9/10 |
| ✔️ Trust score for easyMarkets Nigeria | 99% |
| 👉 Open an account | 👉 Open Account |
easyMarkets Review – 15 key points quick overview:
- Plus500 Overview
- easyMarkets Regulation and Safety of Funds
- Account Types and Features
- Account Registration
- easyMarkets Vs Alpari VS AvaTrade – Broker Comparison
- Trading Platforms
- easyMarkets Range of Markets
- easyMarkets Trading and Non-Trading Fees
- easyMarkets Deposits and Withdrawals
- easyMarkets Education and Research
- Bonuses and Promotions
- easyMarkets Affiliate Program
- Verdict on easyMarkets
- easyMarkets Pros and Cons
- Frequently Asked Questions
Plus500 Overview
👉 Since its inception in 2001 under the name easy-forex, easyMarkets has been committed to making trading as simple, transparent, open, and approachable as possible for all investors.
👉 A strong user-friendly web and mobile platform that is simple to use for beginner traders but sophisticated enough for more experienced traders has made easyMarkets one of the first online brokers to provide online trading.
👉 This easyMarkets review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
easyMarkets Distribution of Traders
👉 The distribution of traders with easyMarkets is as follows:
➡️️ Poland – 22.4%
➡️️ Israel – 22.1%
➡️️ Spain – 10.2%
➡️️ China – 6%
➡️️ Palestinian Territory – 5.4%
Popularity among traders who choose easyMarkets
🥇 easyMarkets may not dominate the Nigerian derivatives market but the broker falls within the Top 100 brokers in Nigeria.
easyMarkets Regulation and Safety of Funds
👉 easyMarkets is not regulated by the Central Bank of Nigeria (CBN) but has regulation and authorization as follows:
➡️️ The British Virgin Islands – EF Worldwide Ltd is registered in the British Virgin Islands and holds license number SIBA/L/20/1135 with the British Virgin Islands Financial Services Commission.
➡️️ In Cyprus, Easy Forex Trading Ltd is a Cyprus-based entity that is regulated and authorized by the reputable Cyprus Securities and Exchange Commission (CySEC) under license number 079/07.
➡️️ In Australia, Easy Markets Pty Ltd is a registered entity with regulations through the Australian Securities and Investments Commission (ASIC) under AFSL number 246566.
➡️️ In the Republic of Seychelles, EF Worldwide Ltd is registered as a forex and CFD broker and regulated by the Financial Services Authority of Seychelles (FSA) under SD056.
➡️️ The European Securities and Markets Authority (ESMA) has found them to be completely compliant with all its rules. ESMA is an independent EU agency that serves as a safety net for investors while fostering stable and orderly markets in the European Union’s financial sector.
👉 As a result, the company’s finances are kept separate from the client’s cash in top-tier worldwide bank accounts. The only people who have access to this money are the customers themselves, who may make use of them whenever they see fit.
👉 Negative balance protection is standard on all trading accounts so that no customer will lose more money than they put in.
👉 Company finances are often audited frequently by reputable external auditors. In addition, apart from independent audits, they have risk management to identify, analyse, monitor, and control each form of risk linked with their operations regularly.
👉 When it comes to providing the best service possible to its customers, easyMarkets is always looking to improve. They keep enough cash on hand to cover all the company’s deposits, currency changes, and other costs. With these rules and standards in place, Nigerian traders can be certain that their money is safe.
Account Types and Features
👉 easyMarkets is a reputable Market Maker broker that ensures that Nigerian traders are given access to transparent fee schedules on its three trading accounts. Nigerian traders have a choice between three dynamic account types, each catering to different experience levels and types of traders according to the trading platform that traders use.
👉 While there are only three main account titles, each subcategory has unique trading features and trading conditions that we will explore in detail.
👉 The live account types that are offered are:
➡️️ Standard Account Web/App
➡️️ Standard Account MT4
➡️️ Premium Account Web/App
➡️️ Premium Account MT4
➡️️ VIP Account Web/App
➡️️ VIP Account MT4
Live Trading Accounts
Standard Account Web/App
👉 The Standard Account is the conventional trading account that suits the trading needs and objectives of most Nigerian traders. With this account, Nigerians can expect typical spreads and commission-free trading in addition to the following features.
| Account Feature | Value |
| 💻 Platform Offered | easyMarkets Web/Mobile App |
| 💵 Minimum Transaction Size (USD) | 70 USD |
| 📈 Maximum Transaction Size (lots) | 50 lots |
| 📊 Average Fixed Spreads (from) | EUR/USD – 1.8 pips GBP/USD – 2.4 pips USD/JPY – 2.4 pips WTI (OIL) – 0.06 USD XAU/USD – 0.50 USD |
| 💰 Minimum Deposit | 10,300 Naira (Equivalent to $25) |
| 💸 Maximum Leverage | 1:200 |
| 💵 Commission Fees | None |
| 💳 Account Fees | None |
| 📱 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 🗣 24/5 Customer Support Through Live Chat | Yes |
| ✔️ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ❌ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| ✔️ Daily Email on Technical Analysis | Yes |
| 💻 Trading Central Indicator | No |
| 📱 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Standard Account MT4
👉 Nigerian traders who register a Standard Account through MetaTrader 4 can expect the following features and trading conditions.
| Account Feature | Value |
|---|---|
| Platform Offered | MetaTrader 4 |
| Minimum Transaction Size (USD) | 0.01 |
| Maximum Transaction Size (lots) | 50 lots |
| Average Fixed Spreads (from) | EUR/USD – 1.7 pips GBP/USD – 2.3 pips USD/JPY – 2 pips WTI (OIL) – 0.05 USD XAU/USD – 0.45 USD |
| Minimum Deposit | 10,300 Naira (Equivalent to $25) |
| Maximum Leverage | 1:400 |
| Commission Fees | None |
| Account Fees | None |
| Deposit and Withdrawal Fees | None |
| Customer Telephonic Support | Yes |
| Personal Account Manager | Yes |
| 24/5 Customer Support Through Live Chat | Yes |
| Guaranteed Zero Slippage | No |
| Guaranteed Stop-Loss | No |
| Negative Balance Protection | Yes |
| Daily Email on Fundamental Analysis | Yes |
| Daily Email on Technical Analysis | Yes |
| Trading Central Indicator | No |
| Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Premium Account Web/App
👉 The Premium Account is the perfect account type for more advanced traders who need better spreads and additional features.
| Account Feature | Value |
|---|---|
| Platform Offered | easyMarkets Web/Mobile App |
| Minimum Transaction Size (USD) | 70 USD |
| Maximum Transaction Size (lots) | 50 lots |
| Average Fixed Spreads (from) | EUR/USD – 1.5 pips GBP/USD – 1.9 pips USD/JPY – 2.2 pips WTI (OIL) – 0.05 USD XAU/USD – 0.45 USD |
| Minimum Deposit | 830,000 Naira (Equivalent to $2,000) |
| Maximum Leverage | 1:200 |
| Commission Fees | None |
| Account Fees | None |
| Deposit and Withdrawal Fees | None |
| Customer Telephonic Support | Yes |
| Personal Account Manager | Yes |
| 24/5 Customer Support Through Live Chat | Yes |
| Guaranteed Zero Slippage | Yes |
| Guaranteed Stop-Loss | Yes |
| Negative Balance Protection | Yes |
| Daily Email on Fundamental Analysis | Yes |
| Daily Email on Technical Analysis | Yes |
| Trading Central Indicator | No |
| Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
VIP Account Web/App
👉 The VIP Account is designated for professional traders who need the best trading conditions and additional features.
| Account Feature | Value |
|---|---|
| Platform Offered | easyMarkets Web/Mobile App |
| Minimum Transaction Size (USD) | 70 USD |
| Maximum Transaction Size (lots) | 50 lots |
| Average Fixed Spreads (from) | EUR/USD – 0.8 pips GBP/USD – 1.4 pips USD/JPY – 1.5 pips WTI (OIL) – 0.04 USD XAU/USD – 0.40 USD |
| Minimum Deposit | 4,100,000 Naira (Equivalent to $10,000) |
| Maximum Leverage | 1:200 |
| Commission Fees | None |
| Account Fees | None |
| Deposit and Withdrawal Fees | None |
| Customer Telephonic Support | Yes |
| Personal Account Manager | Yes |
| 24/5 Customer Support Through Live Chat | Yes |
| Guaranteed Zero Slippage | Yes |
| Guaranteed Stop-Loss | Yes |
| Negative Balance Protection | Yes |
| Daily Email on Fundamental Analysis | Yes |
| Daily Email on Technical Analysis | Yes |
| Trading Central Indicator | No |
| Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
VIP Account MT4
👉 Through the VIP Account on MetaTrader 4, Nigerian traders have access to higher leverage along with these features.
| Account Feature | Value |
|---|---|
| Platform Offered | MetaTrader 4 |
| Minimum Transaction Size (USD) | 0.01 |
| Maximum Transaction Size (lots) | 50 lots |
| Average Fixed Spreads (from) | EUR/USD – 0.7 pips GBP/USD – 1.3 pips USD/JPY – 1 pip WTI (OIL) – 0.03 USD XAU/USD – 0.35 USD |
| Minimum Deposit | 4,100,000 Naira (Equivalent to $10,000) |
| Maximum Leverage | 1:400 |
| Commission Fees | None |
| Account Fees | None |
| Deposit and Withdrawal Fees | None |
| Customer Telephonic Support | Yes |
| Personal Account Manager | Yes |
| 24/5 Customer Support Through Live Chat | Yes |
| Guaranteed Zero Slippage | Yes |
| Guaranteed Stop-Loss | Yes |
| Negative Balance Protection | Yes |
| Daily Email on Fundamental Analysis | Yes |
| Daily Email on Technical Analysis | Yes |
| Trading Central Indicator | No |
| Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and easyMarkets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 easyMarkets offers Muslim Nigerian traders access to Islamic trading by providing them with the option to convert a live trading account to a swap-free account. With the Islamic Account, Nigerian Muslim traders can expect these features:
➡️️ Sharia-compliant trading environment
➡️️ Over 200 CFDs can be traded
➡️️ A user-friendly and powerful web-based and mobile easyMarkets platform, along with MetaTrader 4
➡️️ Guaranteed stop-loss and take profit orders
➡️️ Fixed and competitive spreads
➡️️ Access to Personal Customer Relations Managers
➡️️ Dedicated support is given to VIP Nigerian traders through professional analysts
Account Registration
👉 Nigerian traders can register an account with easyMarkets if they meet the minimum deposit requirements per the account type that traders want to use. easyMarkets has a quick and easy account-opening process and Nigerians can follow these steps to register an account.
How to open an account:
Step 1 – Complete online application
you will be required to go through a basic “know your customer” process, which will allow EASYMARKETS to ascertain that your submitted details and ensure the safety of your funds and account details.
Step 2 – Upload further information
With EASYMARKETS new accounts are opened online, and the process is short and easy. Traders must first prove their e-mail address and create a password or connect through their Google or Facebook account.
Step 3 – Confirm Country of Residence
The third step in the account registration process will be for the applicant to confirm their country of residence.
Step 4 – Deposit Funds
The applicant will now be met with their newly created trading account. Funds can now be deposited and live trades can be made.
easyMarkets Vs Alpari VS AvaTrade – Broker Comparison
| easyMarkets | Alpari | AvaTrade | |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA | FSC | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| 📱 Trading Platform | easyMarkets Platform MetaTrader 4 TradingView | MetaTrader 4 MetaTrader 5 | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade |
| 💰 Withdrawal Fee | None | Yes | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 10,300 NGN ($25) | 1,000 NGN | 41,500 NGN |
| 📈 Leverage | Up to 1:400 | Up to 1:1000 | 1:400 |
| 📊 Spread | Fixed, 0.03 USD | From 0.4 pips | Fixed, from 0.9 pips |
| 💰 Commissions | None | $1.5 | None |
| ✴️ Margin Call/Stop-Out | 70%/30% | 60% and 40% | 25%/10% |
| ✴️ Order Execution | Market | Instant and Market | Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Standard Account (Web/App and MT4) Premium Account (Web/App and MT4) VIP Account (Web/App and MT4) | • Forex Standard Account (MT4) • Forex Micro Account (MT4) • Forex ECN Account (MT4/5) • Forex Pro Account (MT4) | • Retail Investor Account • Professional Account |
| ⚖️ CBN Regulation | No | No | No |
| 💳 NGN Deposits | Yes | Yes | No |
| 📊 Nigerian Naira Account | No | Yes | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 3 | 4 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Trading Platforms
easyMarkets offers the following trading software that can be used to connect Nigerian traders to global financial markets:
️ easyMarkets Platform
️ MetaTrader 4
️ TradingView
Desktop Platforms
️ MetaTrader 4
The trading platform MetaTrader 4 (MT4) has become a popular choice for investors throughout the globe. MT4’s user-friendly interface and short learning curve have made it a popular choice for traders.
Aside from MT4’s already extensive set of features, easyMarkets also provides excellent trading conditions, fixed spreads for price transparency, negative balance protection, free guaranteed stop loss and take profits, and a news and analysis centre for traders.
WebTrader Platforms
️ easyMarkets Platform
️ MetaTrader 4
️ TradingView
Using the easyMarkets online platform, Nigerian traders do not need to install any additional software on their computer. A web-capable gadget and an internet connection are all that traders need to access global financial markets. Useful analytical tools and customizable options are included. Has a highly user-friendly layout that is easy to browse and easy to understand.
There are more than 200 instruments accessible on the online platform along with features such as dealCancellation, Freeze Rate, Free Guaranteed Stop Loss and Take Profit, no slippage, set spreads, and no financing or withdrawal costs.
MT4 comes preloaded with a slew of technical indicators that can be used to examine charts across a variety of periods. Trading strategy templates may be loaded from a database, or traders can design their own and store them for later use.
In MT4’s proprietary MetaEditor, traders can create custom indicators and automated trading systems, which are called expert advisors (EAs). In addition, there is a significant online MQL5 community where traders can exchange their ideas and trading tools.
With TradingView and an easyMarkets account, Nigerian traders are given access to a social network where they can share ideas, strategies, and trades with other traders from around the globe. IN addition, TradingView also offers advanced charting, customizable charts, and a wide range of useful indicators, tools, and overlays.
TradingView also offers deep market insights, allowing Nigerian traders to access real-time analysis and charts when they use the platform alongside an easyMarkets account.
Trading App
️ easyMarkets Platform
️ MetaTrader 4
Because of its straightforward design, the easyMarkets app gives traders access to all trading and information from a single user-friendly platform. Nigerian traders can get real-time market information and pricing straight from the app.
DealCancellation and Freeze Rate are only two of the many features that come standard with the platform. All the easyMarkets online platform’s capabilities are available on mobile devices running iOS or Android, giving traders access to markets all over the globe if they have an internet connection.
Like the desktop and web versions, MetaTrader 4 offers unparalleled trading solutions on iOS and Android devices used by Nigerian traders. With the MetaTrader 4 mobile app, traders have access to comprehensive and customizable charting, a range of tools and indicators, and more.
Overall Rating
- 4.9/5
Min Deposit
USD 200 / 82900 NGN
Regulators
CFD
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
easyMarkets Range of Markets
The range of Markets that Nigerian traders can expect include:
️ Forex
️ Shares
️ Cryptocurrencies
️ Precious Metals
️ Commodities
️ Indices
easyMarkets Broker Comparison for Range of Markets
easyMarkets FBS AvaTrade
➡️️ Forex Yes Yes Yes
➡️️ Precious Metals Yes Yes Yes
➡️️ ETFs No No Yes
➡️️ CFDs Yes Yes Yes
➡️️ Indices Yes Yes Yes
➡️️ Stocks Yes Yes Yes
➡️️ Cryptocurrency Yes Yes Yes
➡️️ Options No No Yes
➡️️ Energies Yes Yes Yes
➡️️ Bonds No
No Yes
easyMarkets Trading and Non-Trading Fees
Spreads
The spreads that traders can expect with easyMarkets will depend on the account type that they use and the platform through which they register an account. These fees are as follows:
| Account | easyMarkets Web/App | MetaTrader 4 |
| Standard Account | EUR/USD – 1.8 pips GBP/USD – 2.4 pips USD/JPY – 2.4 pips WTI (OIL) – 0.06 USD XAU/USD – 0.50 USD | EUR/USD – 1.7 pips GBP/USD – 2.3 pips USD/JPY – 2 pips WTI (OIL) – 0.05 USD XAU/USD – 0.45 USD |
| Premium Account | EUR/USD – 1.5 pips GBP/USD – 1.9 pips USD/JPY – 2.2 pips WTI (OIL) – 0.05 USD XAU/USD – 0.45 USD | EUR/USD – 1.2 pips GBP/USD – 1.8 pips USD/JPY – 1.8 pips WTI (OIL) – 0.04 USD XAU/USD – 0.40 USD |
| VIP Account | EUR/USD – 0.8 pips GBP/USD – 1.4 pips USD/JPY – 1.5 pips WTI (OIL) – 0.04 USD XAU/USD – 0.40 USD | EUR/USD – 0.7 pips GBP/USD – 1.3 pips USD/JPY – 1 pip WTI (OIL) – 0.03 USD XAU/USD – 0.35 USD |
Overnight Fees, Rollovers, or Swaps
easyMarkets charges the overnight fees on its proprietary trading platforms at 10 pm General Mean Time (GMT), charged seven days a week. On the MetaTrader 4 platform, Nigerian traders can expect an overnight fee at midnight GMT when they hold positions open for longer than 24 hours.
On MetaTrader 4 an overnight fee applies five days a week and on Wednesdays, there are triple charges to cover weekend positions that remain open. However, on cryptocurrency positions, the triple charges will occur every Friday.
In addition, overnight fees are debited/credited from/to the trading account once the open position is closed. easyMarkets does not provide a comprehensive breakdown of the overnight fees that can be expected. To view these fees, traders must register a demo account with easyMarkets or contact customer support.
Other Fees
easyMarkets charges an inactivity fee of $25 if the free balance on the account is more than this amount. This fee is applied on accounts that have become dormant after a certain period when there is no trading activity on the trading account.
Traders must note that in cases where the trading balance is less than $25, the remaining balance of the account will be deducted. If the live trading account does not have a balance, the account will simply be closed after a certain period.
easyMarkets Deposits and Withdrawals
easyMarkets offers the following deposit and withdrawal methods:
️ Debit Card
️ Credit Card
️ AstroPay
️ Sofort
️ Giropay
️ iDEAL
️ Local Bank Transfer
️ Bpay
️ Neteller
️ Skrill
️ Fasapay
️ Sticpay
️ Egyptian Local Deposits
️ WebMoney
️ BitWallet
️ Perfect Money
️ Bank Wire Transfer
️ UnionPay
️ WeChat Pay
How to Deposit Funds with easyMarkets
Once Nigerian traders have registered a live account and verified their identity and proof of residence according to the KYC procedure, they can log into their client area to deposit funds.
Once logged in, traders can navigate to deposits in their “My easyMarkets” dashboard, select a deposit option, enter the amount, and deposit currency, and proceed with the deposit by following the instructions indicated by the payment provider.
Funding your account with EasyMarkets consists of the following steps:
Step 1 – Log in to your Client Area
Go to the trading portal on the broker’s website. This can be accessed by logging into your personal account.
Step 2 – Choose “Deposit
Select your preferred payment method. This will be the same method by which you can make withdrawals in future.
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.
Step 3 – Select the trading account
Funds must be transferred in the same currency as the bank account to which they are sending it to, to prevent currency conversion fees from being charged.
Step 4- Comfirm your details
- Confirm your deposit details and submit your payment.
How to Withdraw Funds with easyMarkets
Nigerian traders can log into their “My easyMarkets” area, navigate to “Funds Management,” and select the same payment method that they used to deposit funds. If Nigerian traders have used a debit or credit card to deposit funds, their withdrawals will automatically be processed in the same manner.
easyMarkets Education and Research
The Educational Materials that Nigerian traders can expect from easyMarkets are as follows:
️ Trading Courses
️ Free eBooks
️ Knowledge Base
️ Trading Indicators
️ FAQ
The Research that easyMarkets offers include:
️ Economic Indicators
️ Market News
️ Trading Charts
️ Live Currency Rates
️ Financial Calendar
️ Trading Hours
Bonuses and Promotions
Nigerian traders can expect the following bonuses and promotions:
️ Sign-up Bonus
️ Referral Bonus
️ First Deposit Bonus
easyMarkets Affiliate Program
easyMarkets provides an unmatched partner experience by offering up to a 25% lead to active customer conversion rate, numerous levels of involvement, and compensation schemes.
An affiliate success manager and a well-known, well-established broker are all available to traders when they join as a partner. Nigerian partners also have access to marketing materials and other resources. Affiliates are more likely to write about financial markets or trading. Anyone can become an affiliate if they can find a method to bring potential customers to easyMarkets.
Partner programs have the added advantage of generating passive revenue from activities such as blogging, vlogging, and social media sharing that the partner is already engaged in.
There are many different partnership options available at easyMarkets, allowing partners to tailor payments to suit the kind of customers they most often bring to easyMarkets. In addition, Spread Sharing offers partners a percentage of the spreads that a referral gets charged when they trade.
With CPA, affiliates get paid for every referral that registers and trades. In addition, easyMarkets also has a hybrid scheme that allows partners to profit from different customers.
How to Sign Up for the Plus500 Affiliate Program
👉 Step 1 – Go to www.easymarkets.com
➡️ Go to the official easyMarkets website at www.easymarkets.com
👉 Step 2 – Navigate to the partner tab➡️ Go to “Partner” tab in the menu.
👉 Step 3 – Click on “Join Now”
➡️ Click on the “become a partner button” button and fill out your details.
Verdict on easyMarkets
easyMarkets is a well-established broker with almost twenty years of expertise under its belt, making it a simple yet welcoming platform.
easyMarkets is authorized and overseen by several financial regulators throughout the globe. easyMarkets’ consumers can feel safe and secure because of this, and it shows that the broker is eager to operate openly and honestly.
When it comes to site usability, the focus is on making transactions as simple and fast as possible for users. There are a wide variety of accounts and instruments to pick from on the site. With easyMarkets, the broker’s solutions should satisfy any trader’s needs, despite every trader’s unique style or level of trading experience.
easyMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated broker with a high trust score | Variable spreads are not offered |
| There is a comprehensive proprietary trading platform offered along with MetaTrader 4 | easyMarkets is a market maker broker that takes the opposite side of their clients’ trades, which means they benefit from client losses |
| Commission-free trading on all accounts because the broker fee is included in the spread | An inactivity fee is applied to dormant accounts |
| Offers innovative features such as Freeze-Rate, Inside Viewer, easyTrade, and more | |
| The guaranteed stop-loss is offered free of charge | |
| TradingView, Trading Central, and other platforms are offered | |
| There is a powerful and innovative easyMarkets app offered | |
| easyMarkets offers low, fixed spreads |
Frequently Asked Questions
Is easyMarkets regulated and by whom?
Yes, easyMarkets is well-regulated by BVI FSC, CySEC, ASIC, and the FSA in Seychelles.
Does easyMarkets offer leverage and what is the maximum ratio offered?
EasyMarkets offers leverage up to 1:400 when traders register a trading account on MetaTrader 4.
Which trading platforms are supported by easyMarkets?
easyMarkets offers the following trading platforms:
- easyMarkets Platform
- MetaTrader 4
- TradingView
What is the overall rating for easyMarkets out of 10?
The overall rating for easyMarkets is 9/10.
Is easyMarkets suitable for beginner and professional traders?
Yes, EasyMarkets accommodates both beginner and professional traders in Nigeria.
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