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 contained in this article is for general information purposes only.

General Information

What is Easy Forex？

Easy Forex, now known as easyMarkets, is an online forex and CFD broker that provides trading services to individual and institutional traders. It was established in 2001 and is regulated by the Cyprus Securities and Exchange Commission (CYSEC). Easy Forex offers a variety of trading instruments, including forex, commodities, metals, indices, options, cryptocurrencies, and shares, and provides access to multiple trading platforms such as easyMarkets platform (web/app), TradingView, MT4, and MT5. The broker aims to provide a user-friendly trading experience and offers various features like risk management tools and educational resources.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

3. Pros & Cons

Easy Forex offers a regulated and trustworthy trading environment, providing a wide range of trading instruments and user-friendly platforms. The inclusion of risk management tools and educational resources further enhances the trading experience.

However, there have been reports of scams and negative user experiences that should be taken into consideration. Traders should weigh these pros and cons carefully and conduct thorough research before deciding to trade with Easy Forex.

Easy Forex Alternative Brokers

There are many alternative brokers to Easy Forex depending on the specific needs and preferences of the trader. Some popular options include:

• OctaFX - a reputable broker with competitive trading conditions and a wide range of trading instruments, making it a good choice for traders looking for diverse trading opportunities.

• Darwinex - stands out with its innovative concept of “trading talent” and offers a unique platform for both traders and investors to benefit from each other's success.

• Hantec Markets - a reliable broker with a strong reputation and a comprehensive range of trading platforms, making it suitable for traders of all levels seeking a trustworthy trading environment.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Easy Forex Safe or Scam？

Easy Forex, being regulated by the Cyprus Securities and Exchange Commission (CYSEC) and holding a valid license (No. 079/07), operates under the supervision and guidelines set by a reputable regulatory authority. The provision of Free Guaranteed Stop Loss and Negative Balance Protection further emphasizes their commitment to client protection. However, it is essential to conduct thorough research and exercise caution when engaging with any financial service provider, as risks are inherent in trading activities.

Market Instruments

Easy Forex provides a diverse range of market instruments, catering to the trading preferences of its clients. Traders can access the global Forex market, allowing them to trade major, minor, and exotic currency pairs. Additionally, Easy Forex offers commodities, such as gold, silver, crude oil, and natural gas, enabling investors to participate in the movements of these essential resources.

The platform also provides access to various global indices, allowing traders to speculate on the performance of leading stock market indices worldwide. Moreover, Easy Forex offers options, cryptocurrencies, and shares, further expanding the trading opportunities available to its clients. With such a broad selection of market instruments, traders can diversify their portfolios and take advantage of various market opportunities.

Accounts

Easy Forex offers a range of account types to suit the trading needs and preferences of different traders. On the easyMarkets Web/App and TradingView platforms, traders can choose between Standard, Premium, and VIP accounts. These accounts provide varying features and benefits, with the minimum deposit requirement starting at $25 for the Standard account.

For those who prefer the MT4 platform, Easy Forex also offers Standard, Premium, and VIP accounts, with the same minimum deposit requirements as the easyMarkets Web/App and TradingView accounts. Additionally, there is a single account type available on the MT5 platform.

The availability of different account types allows traders to select the account that best aligns with their trading goals, risk tolerance, and investment capital. Furthermore, Easy Forex provides demo accounts, allowing traders to practice and familiarize themselves with the platform's features before trading with real funds.

Leverage

Easy Forex provides competitive leverage options to its traders across different trading platforms. On the easyMarkets Web/App and TradingView platforms, traders can access leverage up to 1:200. This means that for every $1 of capital, traders can trade with $200 in the market. For traders who prefer the MT4 platform, Easy Forex offers leverage up to 1:400, allowing for even greater exposure to the markets. On the MT5 platform, traders can enjoy leverage up to 1:500, offering enhanced trading opportunities.

It's important to note that while leverage can amplify potential profits, it also increases the risk of losses. Therefore, traders should exercise caution and employ risk management strategies when utilizing leverage in their trading activities. Easy Forex's range of leverage options caters to different trading styles and risk preferences, allowing traders to make informed decisions based on their individual trading strategies.

Spreads & Commissions

Easy Forex offers competitive spreads across its trading platforms, ensuring cost-effective trading for its clients. When trading the popular EUR/USD currency pair, the spread varies depending on the platform chosen. On the easyMarkets Web/App and TradingView platform, the spread is fixed from 0.8 pips, providing traders with transparency and consistency in their trading costs. For those using the MT4 platform, the spread is fixed from 0.7 pips, offering competitive pricing for this major currency pair. On the MT5 platform, the spread is variable from 0.5 pips, allowing traders to potentially benefit from tighter spreads during times of increased market liquidity.

It's worth noting that Easy Forex does not charge any commissions on trades, ensuring that traders can focus on their trading strategies without incurring additional costs. By providing competitive spreads and commission-free trading, Easy Forex aims to offer a cost-effective trading environment to its clients.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that these figures are indicative and may vary depending on market conditions and account types. It's always recommended to check with the respective brokers for the most up-to-date and accurate information regarding spreads and commissions.

Trading Platforms

Easy Forex provides its clients with a diverse range of trading platforms, catering to different preferences and trading styles. The easyMarkets platform, available on both web and mobile applications, offers a user-friendly interface and a wide range of trading tools. It provides access to a variety of financial instruments and features advanced risk management tools like free guaranteed stop loss and take profit.

TradingView, a popular charting and analysis platform, is also supported by Easy Forex, allowing traders to analyze markets, access advanced technical indicators, and execute trades directly from the platform. For those who prefer the widely used MetaTrader platforms, Easy Forex offers both MT4 and MT5.

These platforms provide comprehensive charting capabilities, customizable indicators, and automated trading options. With a selection of trading platforms, Easy Forex aims to cater to the diverse needs of traders and provide them with a seamless and feature-rich trading experience.

Overall, Easy Forex's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Trading Tools

Easy Forex offers a comprehensive suite of trading tools designed to enhance the trading experience and help traders make informed decisions. The dealCancellation feature allows traders to cancel losing trades within a specific time frame, providing an extra layer of protection against potential losses. The Freeze Rate tool enables traders to freeze the quoted rate for a few seconds, giving them time to analyze the market before executing a trade.

Negative Balance Protection ensures that traders cannot lose more than their initial investment, safeguarding them from excessive losses. The platform also provides a range of order types, including pending orders, which allow traders to set specific entry and exit levels for their trades. Additionally, Easy Forex offers free guaranteed stop loss and take profit levels, providing traders with added control over their risk management.

Traders can also stay informed about market developments through various tools, including notifications, live currency rates, an inside viewer to see the sentiment of other traders, trading charts, a financial calendar, and market news updates.

Furthermore, Easy Forex provides a demo account, allowing traders to practice their strategies and familiarize themselves with the platform without risking real money. With a wide array of trading tools, Easy Forex aims to empower traders with the necessary resources to make well-informed trading decisions.

Deposits & Withdrawals

Easy Forex provides a wide range of convenient and secure payment methods for both deposits and withdrawals. Clients can fund their accounts using credit/debit cards such as Visa, MasterCard, and Maestro, as well as popular e-wallets including Neteller, Skrill, Fasapay (available for Indonesia), Local Deposit (available for Egypt), Sticpay, WebMoney, bitwallet, and Perfect Money.

Account currencies:

Euro (EUR), Canadian Dollar (CAD), Czech Koruna (CZK), Japanese Yen (JPY), New Zealand Dollar (NZD), U.S. Dollar (USD), Singapore Dollar (SGD), Swiss Franc (CHF), British Pound (GBP), Mexican Peso (MXN), Australian Dollar (AUD), Polish Zloty (PLN), Turkish Lira (TRY), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Norwegian Krone (NOK), Swedish Krona (SEK), South African Rand (ZAR), Bitcoin (BTC)

Easy Forex minimum deposit vs other brokers

The broker does not charge any fees for deposits, and most deposits are processed instantly, allowing traders to start trading without delays.

For withdrawals, there is no minimum withdrawal amount for credit/debit cards and eWallets, while a minimum of $50 is required for bank account withdrawals. Easy Forex aims to process all withdrawal requests within 2 business days (48 hours). However, the actual time it takes for the funds to reach the client's bank account may vary depending on the final destination and the processing times of the recipient's bank, typically ranging from 3 to 10 business days.

See the deposit/withdrawal fee comparison table below:

Customer Service

Easy Forex prioritizes excellent customer service and provides multiple channels for clients to reach out for support. The broker offers live chat, WhatsApp, and the option to request a callback, ensuring prompt and direct communication with their customer service representatives. Clients can also send messages online or reach out via email for assistance with their inquiries.

The broker's website includes a comprehensive FAQ section, which addresses common queries and provides helpful information. Easy Forex maintains an active presence on various social media platforms, including Twitter, Facebook, Instagram, YouTube, LinkedIn, and Weibo, allowing clients to stay updated on news, educational content, and market insights. The company address is openly provided, demonstrating transparency and accessibility.

With their commitment to responsive customer service, Easy Forex aims to provide a seamless and supportive trading experience for their clients.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Easy Forex's customer service.

User Exposure on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. Our website provides a platform where users can access valuable information and resources to make informed decisions. We have a dedicated Exposure section where users can report fraudulent brokers or share their experiences if they have fallen victim to scams.

Our team of experts is committed to promptly addressing such concerns and taking necessary actions to resolve any issues. We prioritize the safety and satisfaction of our users, and we strive to maintain a trustworthy and transparent trading environment.

Education

A series of educational resources is available at the research section of Easy Forex, such as a comprehensive Trading Course, Free eBooks, and a Knowledge Base. These resources aim to empower traders with the necessary knowledge and skills to make informed trading decisions.

Additionally, the Trading Glossary helps traders familiarize themselves with industry-specific terms, while the Economic Indicators provide insights into key economic events that can impact the financial markets. The FAQs section addresses common queries and concerns, ensuring that traders have access to relevant information at their fingertips. With its robust educational offerings, Easy Forex strives to equip traders with the tools they need to enhance their trading skills and stay informed in the dynamic world of financial markets.

Conclusion

Collectively, Easy Forex is a regulated broker that offers a variety of trading instruments, user-friendly platforms, and valuable trading tools. The broker's commitment to risk management and customer protection is evident through features like guaranteed stop loss and negative balance protection. However, there have been reports of scams associated with Easy Forex. Traders should exercise caution and conduct thorough research before choosing to trade with Easy Forex.

Frequently Asked Questions (FAQs)

What is CJC Markets？

Based in Auckland, New Zealand, CJC Markets (Carrick Just Capital Markets Limited) is a regulated online NDD (No Dealing Desk) trading broker that allows clients to trade multiple financial assets with flexible leverage up to 1:400 and floating spreads on the MT4 trading platform via 3 different live account types, as well as 24/5 customer support service.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Pros & Cons

CJC Markets has several advantages including a wide range of tradable instruments, a variety of deposit and withdrawal options, and 24/5 customer support. However, there are also some significant drawbacks, including high minimum deposit requirements, and mixed reviews from clients. Overall, traders should exercise caution and carefully consider these factors before deciding whether to trade with CJC Markets.

CJC Markets Alternative Brokers

There are many alternative brokers to CJC Markets depending on the specific needs and preferences of the trader. Some popular options include:

• FP Markets - An ASIC and CySEC-regulated broker with a wide range of trading instruments, competitive spreads, and multiple trading platforms, suitable for both novice and experienced traders.

• FXDD - An offshore broker offering ECN trading accounts with a variety of trading instruments and low spreads, but lacks regulatory oversight and has mixed reviews from clients.

• Global Prime - An ASIC-regulated broker with a focus on transparency, offering ECN trading accounts with competitive spreads and a range of trading tools, but has limited trading instruments and high minimum deposit requirements.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Market Instruments

CJC Markets provides investors with 500+ instruments including Forex, Metals, Equity Indices, US Shares, Asia Shares, EUR Shares, Cryptocurrency CFDs. The broker provides access to more than 100 currency pairs, such as the EUR/USD, GBP/USD, and USD/JPY. Clients can also trade precious metals such as gold and silver, as well as a variety of equity indices such as the S&P 500 and the Nasdaq 100. CJC Markets also offers a broad selection of shares from the US, Europe, and Asia. Additionally, the broker provides access to popular cryptocurrency CFDs such as Bitcoin, Ethereum, Ripple, Litecoin, and Tether.

Account Types

There are three account options available on the CJC Markets platform: Standard, VIP and ECN. The minimum initial deposit for a Standard account is $1,000, way too high for most regular traders to get started. The high minimum initial deposit can be a disadvantage for many traders, especially beginners who want to start with a smaller amount of money.

However, the higher minimum deposit requirement for the Standard account may be suitable for more experienced traders who want access to higher leverage and other advanced trading features. The VIP and ECN accounts require a minimum initial deposit of $25,000 and $50,000 respectively, which may not be feasible for many traders.

Leverage

In terms of trading leverage, the maximum leverage for the Standard account is up to 1:400, up to 1:300 for the VIP account and up to 1:200 for the ECN account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Spreads and commissions with CJC Markets are scaled with the accounts offered. Specifically, the spread starts from 1.5 pips on the Standard account, from 1 pip on the VIP account, and raw spreads on the ECN account. As for the commission, there is no commission charged on the Standard and VIP accounts, while unspecified on the ECN account.

While the Standard and VIP accounts do not charge commissions, the spreads are higher, which may not be as cost-effective in the long run. Traders should carefully consider their trading style and needs when choosing an account type with CJC Markets.

Below is a comparison table about spreads and commissions charged by different brokers:

Note that these rates are subject to change and may vary depending on account type and market conditions. Traders should always confirm the most up-to-date rates directly with the broker.

Trading Platform

CJC Markets offers the leading MT4 trading platform for iOS, Android, Windows, and Mac to meet a wide range of user needs. MT4 is currently the most popular forex trading platform on the market, with a user-friendly interface, and powerful charting tools. With a user-friendly interface, powerful charting tools, and a large number of custom indicators, MT4 is available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders to get ahead in the financial markets.

See the trading platform comparison table below:

Deposits & Withdrawals

From the logos shown at the foot of the home page on CJC Markets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Bitcoin, bit wallet, BTPay, Bank Wire, dragon pay, help2ay, PayTrust, Skrill, Neteller, and Tether.

Having multiple payment options provides more convenience and flexibility for traders to deposit and withdraw their funds. It's worth noting that certain payment methods may have fees or restrictions, so it's essential to check with the broker's website or customer service before making any transactions.

CJC Markets minimum deposit vs other brokers

See the deposit & withdrawal fee comparison table below:

Note: Withdrawal fees for FXDD vary depending on the payment method used. Please refer to the broker's website for more information.

Customer Service

The CJC Markets customer support team can be contacted 24/5 through telephone, email, social media, or live chat. You can also follow this broker on social networks such as Facebook, Instagram and LinkedIn. FAQ section is also available. Alternatively, traders can visit their physical office in Auckland, New Zealand.

It's worth noting that having a physical office can provide additional peace of mind for traders who value face-to-face communication and transparency with their broker. The availability of multiple channels for customer support is also a plus, as traders can choose the most convenient way to reach out for help. However, the lack of 24/7 customer support may be a disadvantage for traders who need immediate assistance outside of regular business hours.

Please note that these pros and cons are based on the information available and may not be exhaustive.

User Exposure on WikiFX

On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

Generally, CJC Markets is a regulated broker that provides a range of instruments. However, the high minimum deposit requirement and negative reviews from clients raise concerns about the safety of the platform. On the other hand, the broker offers balance protection up to $500, and there is a range of deposit and withdrawal options available. The customer support team can be contacted 24/5. Overall, traders should approach CJC Markets with caution and consider the potential risks before investing.

Frequently Asked Questions (FAQs)

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 contained in this article is for general information purposes only.