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easyMarkets Review

Overall, easyMarkets is considered a low-risk and can be summarised as trustworthy and competitive. easyMarkets is regulated by the top-tier DFSA, FCA, and ASIC. easyMarkets is currently one of the top-rated platforms with a Trust Score of 82% out of 100 with a rating of 9/10. EasyMarkets is currently not regulated by the CMA of Kenya

Updated : August 30, 2022

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

Min Deposit

USD 200 / 23320 KES

Regulators

CFD

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

easyMarkets Overview

easyMarkets Review Overview 👉 Overall, easyMarkets is an award-winning and well-regulated CFD and Forex Market Maker broker in Kenya. easyMarkets is well-known for its innovative proprietary mobile trading app, web-based platform, and several other features such as easyTrade, guaranteed stop-loss, personal account managers, and more. 👉 The ability to maintain constant spreads in the face of market volatility is something easyMarkets takes great pride in as a market maker. Because easyMarkets’ proprietary online platform has set spreads and no slippage, traders can easily estimate costs before executing a transaction. 👉 A wide choice of innovative goods, tools, and services are available from easyMarkets, including free guaranteed stops, Inside Viewer, Freeze Rate, and dealCancellation are just a few of the innovative tools at the disposal of Kenyan traders. 👉 With over 600 Trustpilot ratings, easyMarkets has earned an A+ rating. Forex Expo 2019 Dubai, ADVFN International Financial Honours 2018 and ADVFN International Financial Awards 2017 are just a few of the 37 international awards that easyMarkets has received. 👉 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.

Distribution of Traders

easyMarkets Review Distribution of Traders 👉 The distribution of traders for 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 Kenyan market share, but the broker falls within the Top 50 brokers in Kenya.

easyMarkets At a Glance

🏛 HeadquarteredThe British Virgin Islands
🏙 Kenyan Based OfficeNo
✅ Accepts Kenyan Traders?Yes
🗓 Year Founded2001
📞 Kenyan Office Contact NumberNone
🤳 Social Media Platforms• Instagram
• Twitter
• Weibo
• LinkedIn
• YouTube
⚖️ RegulationBVI FSC, CySEC, ASIC, FSA
🪪 License Number• British Virgin Islands – SIBA/L/20/1135
• Cyprus – 079/07
• Australia – AFSL 246566
• Seychelles – SD056
⚖️ CMA RegulationNo
🚫 Regional RestrictionsUnited 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
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
📊 PAMM AccountsNone
🤝 Liquidity ProvidersNone, Market Maker broker
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spreadFixed, 0.03 USD WTI (OIL)
📞 Margin Call70%
🛑 Stop-Out30%
Crypto trading offered?Yes
💰 Offers a Kenyan shilling Account?No
👨‍💻 Dedicated Kenyan Account Manager?Yes, a Personal Account Manager is offered
📊 Maximum Leverage1:400
🚫 Leverage Restrictions for Kenya?No
💰 Minimum Deposit (KES)2,800 KES or equivalent to $25
✅ Kenyan shilling Deposits Allowed?Yes
📊 Active Kenyan Trader Stats70,000+
👥 Active Kenyan-based easyMarkets customersUnknown
💳 Kenya Daily Forex Turnover$100 million+
💵 Deposit and Withdrawal 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
⏰ Minimum Withdrawal TimeInstant
💵 Instant Deposits and Instant Withdrawals?Yes
🏦 Segregated Accounts with Kenyan Banks?Instant
🕐 Maximum Estimated Withdrawal TimeUp to 5 Working Days
📊 Trading Platforms• easyMarkets Platform
• MetaTrader 4
TradingView
✔️ Tradable Assets• Forex
• Shares
• Cryptocurrencies
• Precious Metals
• Commodities
• Indices
💸 Offers USD/KES currency pair?No
📈 USD/KES Average SpreadN/A
📉 Offers Kenyan Stocks and CFDsNone
🗣 Languages supported on WebsiteChinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others
📞 Customer Support LanguagesEnglish, French, Spanish, Italian, Arabic, German, Bulgarian
⏰ Customer Service Hours24/5
👥 Customer Support LanguagesMultilingual
✅ Bonuses and Promotions for KenyansNone
📚 Education for Kenyan beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✅ Is easyMarkets a safe broker for Kenyans?Yes
📊 Rating for easyMarkets Kenya9/10
🤝 Trust score for easyMarkets Kenya82%
👉 Open an account👉 Open Account

Regulation and Safety of Funds

easyMarkets Review Regulation And Safety

👉 easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investment Commission (ASIC) throughout Europe and Australia. Their registration and licensing by these agencies place them among the pioneering brokers in the industry.

👉 In addition, easyMarkets also has regulation and authorization through BVI FSC in the British Virgin Islands (SIBA/L/20/1135) and the FSA in Seychelles (SD056).

👉 ESMA, the European Securities and Markets Authority, has judged easyMarkets to be fully compliant with all its standards. Financial markets in the European Union are calm and orderly because the European Securities and Markets Authority (ESMA) acts as a safety net for investors.

👉 All client funds are held separate from the operational funds of easyMarkets in top-tier accounts at banks all around the globe. Customers are the only ones who have access to this money, and it can only be used for trading activities or withdrawn by traders.

👉 All trading accounts are automatically fitted with negative balance protection, which ensures that no client will ever lose more money than they originally invested.

👉 External auditors with a good reputation check on a company’s financials regularly. Their risk management system also includes regular independent audits to identify and analyse all the risks associated with their operations.

👉 As a company, easyMarkets is always striving to better its offerings for its clients. All the company’s deposits, currency conversions, and other expenses are covered by the cash they have on hand. Kenyan traders can be certain that their money is secure thanks to these regulations and standards.

Account Types and Features

easyMarkets Review Account Types

👉 easyMarkets is a well-known Market Maker broker that offers its three trading accounts to Kenyan traders with clear fee schedules. Kenyans can register any of three dynamic account types, each catering to a distinct trading style and degree of expertise.

👉 Every main account is divided into two different subcategories according to the trading platform that Kenyans can choose to register an account through. Each subcategory offers unique trading characteristics and circumstances, which we shall examine in depth.

👉 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

easyMarket Review Standard Account Web/App

👉 The Standard Account is the most common Kenyan trading account, and it meets the demands of most traders. In addition to the standard spreads and commission-free trading, Kenyans may make use of the following perks with this account.

Account FeatureValue
💻 Platform OfferedeasyMarkets 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 Deposit2,800 KES (Equivalent to $25)
📈 Maximum Leverage1:200
💸 Commission FeesNone
💵 Account FeesNone
💳 Deposit and Withdrawal FeesNone
📞 Customer Telephonic SupportYes
👥 Personal Account ManagerYes
📱 24/5 Customer Support Through Live ChatYes
0️⃣ Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
✅ Negative Balance ProtectionYes
📧 Daily Email on Fundamental AnalysisYes
📧 Daily Email on Technical AnalysisYes
🚨 Trading Central IndicatorNo
💸 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

Standard Account MT4

easyMarket Review Standard Account MT4

👉 The following features and trading conditions are available to Kenyan traders who open a Standard Account on MetaTrader 4.

Account FeatureValue
💻 Platform OfferedMetaTrader 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 Deposit2,800 KES (Equivalent to $25)
📈 Maximum Leverage1:400
💸 Commission FeesNone
💵 Account FeesNone
💳 Deposit and Withdrawal FeesNone
📞 Customer Telephonic SupportYes
👥 Personal Account ManagerYes
📱 24/5 Customer Support Through Live ChatYes
0️⃣ Guaranteed Zero SlippageNo
🛑 Guaranteed Stop-LossYes
✅ Negative Balance ProtectionYes
📧 Daily Email on Fundamental AnalysisYes
📧 Daily Email on Technical AnalysisYes
🚨 Trading Central IndicatorNo
💸 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

Premium Account Web/App

easyMarket Review Premium Account

👉 The Premium Account is ideal for more experienced traders who want tighter spreads and more features.

Account FeatureValue
💻 Platform OfferedeasyMarkets 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 Deposit220,000 KES (Equivalent to $2,000)
📈 Maximum Leverage1:200
💸 Commission FeesNone
💵 Account FeesNone
💳 Deposit and Withdrawal FeesNone
📞 Customer Telephonic SupportYes
👥 Personal Account ManagerYes
📱 24/5 Customer Support Through Live ChatYes
0️⃣ Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
✅ Negative Balance ProtectionYes
📧 Daily Email on Fundamental AnalysisYes
📧 Daily Email on Technical AnalysisYes
🚨 Trading Central IndicatorNo
💸 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

Premium Account MT4

easyMarket Review Premium Account

👉 The Premium MT4 Account is available via the MetaTrader 4 trading platform, which, in addition to these advantages, provides increased leverage.

Account FeatureValue
💻 Platform OfferedMetaTrader 4
💰 Minimum Transaction Size (USD)0.01
💸 Maximum Transaction Size (lots)50 lots
📊 Average Fixed Spreads (from)• 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
💵 Minimum Deposit220,000 KES (Equivalent to $2,000)
📈 Maximum Leverage1:400
💸 Commission FeesNone
💵 Account FeesNone
💳 Deposit and Withdrawal FeesNone
📞 Customer Telephonic SupportYes
👥 Personal Account ManagerYes
📱 24/5 Customer Support Through Live ChatYes
0️⃣ Guaranteed Zero SlippageNo
🛑 Guaranteed Stop-LossNo
✅ Negative Balance ProtectionYes
📧 Daily Email on Fundamental AnalysisYes
📧 Daily Email on Technical AnalysisYes
🚨 Trading Central IndicatorYes
💸 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

VIP Account Web/App

easyMarket Review VIP Account

👉 The VIP Account is intended for experienced traders who want the most advantageous trading circumstances and extra features.

Account FeatureValue
💻 Platform OfferedeasyMarkets 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 Deposit1,100,000 KES (Equivalent to $10,000)
📈 Maximum Leverage1:200
💸 Commission FeesNone
💵 Account FeesNone
💳 Deposit and Withdrawal FeesNone
📞 Customer Telephonic SupportYes
👥 Personal Account ManagerYes
📱 24/5 Customer Support Through Live ChatYes
0️⃣ Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
✅ Negative Balance ProtectionYes
📧 Daily Email on Fundamental AnalysisYes
📧 Daily Email on Technical AnalysisYes
🚨 Trading Central IndicatorNo
💸 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

VIP Account MT4

easyMarket Review VIP Account MT4

👉 Kenyan traders who want to access the features of MetaTrader 4 in addition to the advantages offered by easyMarkets can consider the VIP Account, especially professional traders who can manage their risk and who need some of the best trading features and conditions.

Account FeatureValue
💻 Platform OfferedMetaTrader 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 Deposit1,100,000 KES (Equivalent to $10,000)
📈 Maximum Leverage1:400
💸 Commission FeesNone
💵 Account FeesNone
💳 Deposit and Withdrawal FeesNone
📞 Customer Telephonic SupportYes
👥 Personal Account ManagerYes
📱 24/5 Customer Support Through Live ChatYes
0️⃣ Guaranteed Zero SlippageYes
🛑 Guaranteed Stop-LossYes
✅ Negative Balance ProtectionYes
📧 Daily Email on Fundamental AnalysisYes
📧 Daily Email on Technical AnalysisYes
🚨 Trading Central IndicatorNo
💸 Account Base Currency OptionsEUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC

Demo Account

easyMarket Review 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

easyMarket Review 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 allows Muslim traders to switch from a live trading account to a swap-free account, making Islamic and Halal trading available to them. Muslim traders can anticipate the following benefits from the Islamic Account:

➡️ Sharia-compliant trading

➡️ More than 200 CFDs can be traded through either proprietary trading platforms or MT4

➡️ A choice between two powerful trading platforms

➡️ Fixed and competitive spreads according to the instrument and account type

➡️ The benefit of access to a Personal Account Manager

➡️ Dedicated customer support

Account Registration

easyMarket Review Account Registration

👉 To open an account with easyMarkets, Kenyan traders need to fulfil the account type’s deposit criteria. Kenyans can easily open an account with easyMarkets by following these simple steps:

➡️ Traders can register by clicking on the “Sign Up” link at the top of the page. This takes the trader to an online application where they can register on the website by entering an email address and a password.

➡️ Traders will then be directed to the registration page where they have the choice of opening a demo or a live trading account.

➡️ Traders will be required to supply personal information and choose the account type that best suits their trading objectives and needs.

➡️ Next, they must produce KYC documents, which include a valid passport, identification card, or driver’s license, as well as a recent utility bill or bank statement that serves as evidence of residency.

➡️ After the documentation is authenticated, the account will be open for trading.

➡️ Before Kenyan traders can begin trading with easyMarkets, they need to examine the risk disclosure, customer agreement, and other company terms and conditions.

How to Register Your Account 

👉 Step 1 – Go to the Official easyMarkets Website

➡️ Go to the official easyMarkets website (https://www.easymarkets.com/) and click on “Sign Up”.

easyMarkets How To Register Your Account Step 1

👉 Step 2 – Fill Out Your Details

➡️ Fill out your first and last name, and email address and create a password for your account. 

easyMarkets How To Register Your Account Step 2

👉 Step 3 – Your Account Is Ready To Trade

➡️ You can now trade with your brand new account!

easyMarkets How To Register Your Account Step 3

easyMarkets Vs SuperForex Vs XM – Broker Comparison

easyMarketsSuperForexXM
⚖️ RegulationBVI FSC, CySEC, ASIC, FSANoneFSCA, IFSC, ASIC, CySEC, DFSA
📱 Trading Platform• easyMarkets • Platform
• MetaTrader 4
• TradingView
• MetaTrader 4
SuperForex App
• MetaTrader 4
• MetaTrader 5
XM Mobile App
💰 Withdrawal FeeNoneYesNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit2,800 KES ($25)110 KES

570 KES

📈 LeverageUp to 1:400


1:20001:888
📊 SpreadFixed, 0.03 USDFrom 0.0 pips0.0 pips
💰 CommissionsNoneFrom 0.013%$1 to $9
✴️ Margin Call/Stop-Out70%/30%30%/40%• 50%/20%,
• 100%/50% (EU)
✴️ Order ExecutionMarketMarket, InstantMarket, Instant
💳 No-Deposit BonusNoYesNo
📊 Cent AccountsNoYesNo
📈 Account Types• Standard Account (Web/App and MT4)
• Premium Account (Web/App and MT4)
• VIP Account (Web/App and MT4)
• Standard Account
• Swap-Free Account
• No Spread Account
• Micro Cent Account
• Profi STP Account
• Crypto Account
• ECN Standard Account
• ECN Standard Mini Account
• ECN Swap-Free Account
• ECN Swap-Free Mini Account
• ECN Crypto Account
• Micro Account
• Standard Account
XM Ultra-Low Account
• Shares Account
⚖️ CMA RegulationNoNoNo
💳 KES DepositsYesYesYes
📊 Kenyan shilling AccountNoYesNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts3114
☪️ Islamic AccountYesYesYes
📊 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size50 lotsNone100 lots
💳 Minimum Withdrawal TimeInstantInstant24 HOURS
⏰ Maximum Estimated Withdrawal TimeUp to 5 DaysUp to 4 DaysUp to 5 Days
✔️ Instant Deposits and Instant Withdrawals?YesYesNo

Trading and Non-Trading Fees

easyMarkets Review Trading Fees

👉 easyMarkets offers Kenyan traders a choice between these trading platforms:

➡️ easyMarkets Platform

➡️ MetaTrader 4

➡️ TradingView

Desktop Platforms

easyMarkets Review Desktop Platforms

➡️ MetaTrader 4

👉 Investors from all around the world have come to rely on the MetaTrader 4 (MT4) trading platform. Trader’s preference for MT4 is because of its user-friendly interface and low learning curve.

👉 Additionally, easyMarkets offers outstanding trading conditions, fixed spreads, negative balance protection, free guaranteed to stop loss and take profit, and a news and analysis center for traders through MetaTrader 4.

WebTrader Platforms

easyMarkets Review WebTrader Platforms

➡️ easyMarkets Platform

➡️ MetaTrader 4

➡️ TradingView

👉 Kenyan traders do not need to set up any extra software on their computers to use the easyMarkets web platform. All that traders need, is a web-enabled device and an internet connection to get started. There are a variety of analytical and personalization choices available, and the platform is easy to navigate and use.

👉 DealCancellation and Freeze Rate are only two of the plethora of features that easyMarkets offers on its proprietary web-based platform.

👉 In addition, there are over 200 products that can be traded through the platform. As an added benefit, easyMarkets guarantees no slippage, provides fixed spreads, and waives all deposit and withdrawal fees.

👉 With MT4’s built-in technical indicators, traders can view charts from a wide range of periods. If traders do not have a database of existing trading strategy templates, they can create their own and save them for later use.

👉 Another feature of MetaTrader 4 includes expert advisors, which can be built using MT4’s proprietary MetaEditor. In addition, the MQL5 community is also a great place for traders to discuss ideas and tools.

👉 When Kenyan traders get an easyMarkets account and use TradingView, they are provided access to a global trading community where they can exchange ideas and techniques with other traders. There are a variety of handy tools and indicators available on TradingView as well as sophisticated charting and customizable charts.

👉 Kenyan traders who utilize the TradingView platform in conjunction with an easyMarkets account can have instantaneous access to real-time market data, analysis, and charts, among several other benefits.

Trading App

easyMarkets Review Trading App

➡️ easyMarkets Platform

➡️ MetaTrader 4

👉 To make trading and information more accessible to everyone, the easyMarkets app was specifically designed for traders who need flexibility. Using the app, traders can get real-time market data and prices, with many more features included in the platform, such as DealCancellation and Freeze Rate.

👉 Mobile devices running iOS or Android can access the same functions as easyMarkets’ online platform, allowing Kenyans to trade in markets all over the world using some of the best technology.

👉 MetaTrader 4 is available on iOS and Android smartphones in Kenya, in addition to the desktop and online versions. There are a variety of tools and indicators available to traders using the MetaTrader 4 mobile app.

Range of Markets

easyMarkets Review Range of Markets

👉 Kenyan traders can expect the following range of markets from easyMarkets:

➡️ Forex

➡️ Shares

➡️ Cryptocurrencies

➡️ Precious Metals

➡️ Commodities

➡️ Indices

Broker Comparison for Range of Markets

easyMarketsSuperForexXM
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoYesNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

Overall Rating

Min Deposit

USD 200 / 23320 KES

Regulators

CFD

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Trading and Non-Trading Fees

Spreads

easyMarkets Review Spreads

👉 Based on the kind of account and platform they choose, easyMarkets customers can anticipate a wide range of spreads. The following fees apply:

AccounteasyMarkets Web/AppMetaTrader 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 Review Overnight Fees

👉 At 10 pm, General Mean Time (GMT), easyMarkets charges its proprietary trading platforms overnight fees, which are levied seven days a week. Every time a trader holds an open position longer than 24 hours on the MetaTrader 4 platform, traders will be charged an overnight fee.

👉 On MetaTrader 4, an overnight cost is charged five days a week, and on Wednesdays, a triple fee is applied to cover open weekend positions. On crypto positions that are held, open traders can expect triple fees every Friday.

👉 Additionally, overnight costs are deducted/credited from/to the trading account after an open trade has been closed. easyMarkets does not give an exhaustive list of the overnight fees that could apply. To access these costs, traders must create a demo account or contact easyMarkets customer service.

Other Fees

easyMarkets Review Other Fees

👉 easyMarkets levies a $25 inactivity fee if the account’s free balance exceeds this amount. This charge is applied to accounts that have gone inactive after a period of inactivity.

👉 Traders should be aware that if their trading balance falls below $25, the account’s remaining balance would be deducted. If the live trading account does not contain any funds, it will be automatically terminated after a certain time.

Deposits and Withdrawals

easyMarkets Review 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

easyMarkets Review How To Deposit Funds

👉 Kenyan traders can deposit funds into their client area after they have created a live account and confirmed their identification and evidence of residency per the KYC process.

👉 Once signed in, traders can browse to the deposits section of their “My easyMarkets” dashboard, choose a deposit option, input the deposit amount and currency, then complete the transaction by following the payment provider’s instructions.

How to Withdraw Funds with easyMarkets

easyMarkets Review How To Withdraw Funds

👉 Kenyan traders can enter their “My easyMarkets” account, scroll to “Funds Management,” and pick the same payment option as their first deposit. If Kenyan traders deposited money via a debit or credit card, their withdrawals will be handled in the same way.

easyMarkets Education and Research

easyMarkets Review Education And Research

👉 easyMarkets offers the following Educational Materials:

➡️ Trading Courses

➡️ Free eBooks

➡️ Knowledge Base

➡️ Trading Indicators

➡️ FAQ

👉 easyMarkets offers Kenyan traders the following Research and Trading Tools:

➡️ Economic Indicators

➡️ Market News

➡️ Trading Charts

➡️ Live Currency Rates

➡️ Financial Calendar

➡️ Trading Hours

Bonuses and Promotions

easyMarkets Review Bonuses And Promotions

👉 easyMarkets offers Kenyan traders the following bonuses and promotions:

➡️ Sign-up Bonus

➡️ Referral Bonus

➡️ First Deposit Bonus

easyMarkets Affiliate Program

easyMarkets Review Affiliate Program

👉 The high lead-to-active customer conversion rate, multiple degrees of engagement, and compensation plans offered by easyMarkets make it an unrivaled partner experience.

👉 When Kenyans join as an affiliate, they will have access to an affiliate success manager and a well-known, well-established broker and its multitude of services. Financial markets and subsequent trading are covered by affiliates’ content.

👉 Anybody can become an easyMarkets affiliate if they can discover a way to bring in new consumers. As an easyMarkets partner, Kenyans are provided with a variety of payment alternatives that can be tailored to their frequent clients.

👉 In addition, referrals make trades, Spread Sharing pays the affiliate a portion of the spread fees. When referrals sign up and start trading, affiliates are paid a commission. In addition, affiliates can also earn from a broad variety of consumers with easyMarkets’ hybrid program.

Verdict on easyMarkets

👉 easyMarkets has been in business for a long time and its trading terms are fair and transparent. In addition to this, easyMarkets is a market maker that guarantees that clients have stable trading conditions regardless of market circumstances, including times of high volatility.

 

👉 All easyMarkets customers can make use of a dynamic selection of account kinds and innovative software capabilities. There is a lot of value in easyMarkets’ educational part for novice traders, but it may need a boost for more experienced traders.

 

👉 Market analysis tools are available from easyMarkets, and analysts oversee the blog part. An Economic Calendar and a list of real-time currency rates round out easyMarkets’ suite of trading tools. In addition to a large variety of trading products, the platforms and tools are very customizable to meet the needs and preferences of each trader.

 

👉 The fact that they have been recognized with several accolades and are subject to stringent regulation assuages customers’ concerns that they are working with a broker they can rely on.

easyMarkets Current Popularity Trends

👉 According to Google Trends, easyMarkets has seen an increase in Google Searches in the past month. 

easyMarkets Review Google Trend

easyMarkets Pros and Cons

✔️ Pros❌ Cons
easyMarkets is well-regulated by several entities including ASIC, CySEC, BVI FSC, and FSAThere are no variable spreads offered
easyMarkets offers a range of markets that can be tradedMarket Maker broker that takes the opposite side of trades, which means that the loss for a trader is a win for the broker
Kenyan traders are given access to several innovative features and benefitsThere is an inactivity fee applied to dormant accounts
Kenyan traders have access to free guaranteed stops
There are tight and competitive spreads chargedAn inactivity fee is charged on dormant accounts
easyMarkets offers both TradingView and Trading Central
easyMarkets offers innovative and powerful trading software
There is a range of educational materials and advanced trading tools
Deposit fees and withdrawal fees are not charged
Commission-free trading is offered

Overall Rating

Min Deposit

USD 200 / 23320 KES

Regulators

CFD

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Frequently Asked Questions

 

Is easyMarkets regulated and by whom?

Yes, easyMarkets is well-regulated by BVI FSC, CySEC, ASIC, and the FSA in Seychelles.

Which financial instruments can I trade with easyMarkets?

You can trade the following financial instruments:

  • Forex
  • Shares
  • Cryptocurrencies
  • Precious Metals
  • Commodities
  • Indices

What are the spreads that easyMarkets charges?

You can expect spreads from as low as $0.03 on WTI Oil.

Does easyMarkets charge commissions per trade?

No, easyMarkets does not charge any commissions.

What is the overall rating for easyMarkets out of 10?

The overall rating is 9/10.

 

9/10 - (2 votes)