EasyMarkets Commission or Brokerage Charges – Review, Plans, FAQs & more
Check out all details about EasyMarkets Commission or Brokerage Charges here.
Ideally, EasyMarkets is a global online financial trading platform besides being a multi-asset broker. It was established in 2001 and had its headquarters in the head office in Cyprus, Australia.
When it comes to trading in financial markets, traders find it quite challenging to find a broker that aligns with their needs.
Over the last few years, EasyMarkets has gained a lot of prominence in the market.
The platform has gained popularity due to its multi-asset offering.
The ways in which traders can trade here include CFD, Forex, Commodities, Indices, Shares, Crypto. But to start trading, the traders need to pay EasyMarkets Commission.
The trading platform is ideal for both beginners and professional traders.
EasyMarkets Commission or Brokerage Charges
If traders choose to trade with EasyMarkets, they have to pay some charges, including EasyMarkets commission.
But traders don’t need to pay any charges like EasyMarkets commission if they deal with a demo account.
It is mainly because the demo account is free, and it helps traders to get confident about trading.
After practicing on a demo account, when traders choose to trade on live trading, they have not only to pay commission but also other charges.
Additionally, traders need to consider the minimum deposit account. The additional costs can also include spreads.
Traders need to keep an eye on their spending as they have to spend less and earn more. So charges need to be cost-effective.
When compared to other industries, the costs, including commission at EasyMarkets, are pretty negligible, so traders choose this above all.
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Types of EasyMarkets Commission Plans
|Types of Commission Plans|
|Initial Deposit||70 USD||its 70 USD||70 USD|
|Spread||From 1.2 pips||its From 1.5 pips||from 2.0 pips|
If traders want to trade at EasyMarkets, they need to consider all the charges, including EasyMarkets commission.
Even though there is no commission applicable on any of the accounts, including VIP, premium, and standard traders need to pay spreads.
The minimum spreads applicable is from 1.2 pips. The traders should note that all charges, including EasyMarkets commission, tend to vary from account to account.
The first account is a VIP account featuring no commission, but traders need to pay a spread of 1.2 pips.
The following account is a premium account, and here too, there is no designated commission, and the spaces start from 1.5 pips.
The last account is a VIP account, and here too, there is no commission applicable but spreads start from 2.0 pips.
Above all, a demo account is available for all traders with £10,000 virtual funds that allow traders to trade in the virtual arena.
There is no EasyMarkets commission, and also traders can test their strategies here.
EasyMarkets Account Opening Process
Besides knowing the EasyMarkets charges, traders also need to be aware of the account opening process.
All they need to do is follow some steps and start trading in no time:
- Firstly traders need to click on the demo account and start with it.
- Once they click on it, traders will see a popup form that they need to fill with relevant information.
- After clicking on the form, the traders need to submit the form. But they need to ensure that they fill in all the details accurately.
- These details are likely to help the broker connect with the trader and go ahead with the EKYC verification process.
- Once the brokers confirm the trader’s identity, they allow them to move ahead and start trading with real accounts.
- Once the broker confirms the trader’s identity and residential proof, they will send the trader’s login credentials. After traders get their login details, they can log in to the platform and start trading instantly.
EasyMarkets Payment or Withdrawal Methods
|Deposit Options||BPAY, Credit Card, Mastercard, QIWI, Skrill, Sofort, UnionPay|
|Withdrawal Options||BPAY, Credit Card, Mastercard, QIWI, Skrill, Sofort, UnionPay|
Funding the account is one of the essential things which traders need to consider.
They need to take a brief look at the mediums available with the broker.
When it comes to EasyMarkets charges, the trader can get a plethora of payment methods from the broker.
The traders can also choose wallets to pay the bills, including Skrill, Neteller, Webmoney, FasaPay, and iDea.
The best part about trading here is that traders don’t have to pay any fees on deposit. But traders need to know that they indeed can’t move ahead if they fail in the verification process.
So the traders need to ensure they verify their account using all the relevant documents. Additionally, traders don’t need to pay any withdrawal fees.
On withdrawal, traders can choose various currencies also. Hence traders need to check the EasyMarkets brokerage when they want to trade here.
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EasyMarkets Investment Assets
|Total Tradable Assets||81+|
|Number Of Currency Pairs||NA|
|Number Of Cryptocurrencies||NA|
|Number Of Stocks||NA|
|Number Of Indices||NA|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of Etfs||NA|
The trading platform is quite prominent among traders, especially for multiple investment offerings.
The traders can easily choose from a plethora of options available. Besides that, they can also trade strategically.
In the majority of the cases, even though traders can’t invest in almost all instruments as geographical location tends to play a crucial role.
The area tends to be a huge barrier that doesn’t allow traders to trade in a specific tool.
Some of the favorite investment tools where traders can easily trade including forex, Commodities, Shares, Metals Indices, and Cryptocurrencies. Additionally, traders need to consider the EasyMarkets brokerage.
EasyMarkets Commission – Conclusion
Besides the commission and brokerage, the traders also need to pay EasyMarkets fees if they want to trade here.
These fees and charges tend to vary from account to account so that traders can choose the report as per their objectives and budget type.
Above all, traders need to explore all the accounts and features before trading.
The traders can also avail themselves of the demo account to trade. But besides the demo account, traders can try various attributes, including deal cancellation, freeze rates, and risk limits.
Additionally, traders don’t need to stress here as the customer support is exceptional here, which makes trading easy. A bonus point here is the multi-asset offering.
Without any second thoughts, EasyMarkets is everything that a trader looks forward to.
The EasyMarkets fees are also relatively low here, so traders don’t have to break their bank to trade here.
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EasyMarkets Charges or Fees – FAQs
Here are a few FAQs related to the EasyMarkets Charges or Fees:
Do EasyMarkets charge commission?
No, EasyMarkets doesn’t charge any commission.
But that doesn’t mean traders don’t have to pay any charges. They have to pay some spreads which start from 1.2 pips.
Besides that, they have also to spend some fees, which depend on their account type.
How much does EasyMarkets charge as brokerage?
The traders know the brokerage charges once they start trading with the broker.
As per the broker, most of the charges are included in the spreads.
Additionally, traders can trade here without any second thoughts because there are no hidden charges here.
What is the Minimum Deposit required in EasyMarkets?
Generally, the minimum deposit amount varies from account to account, but at EasyMarkets, the minimum account deposit is 70 USD.
It is the same for all the accounts, including VIP, premium, and standard.
How much leverage does EasyMarkets provide?
The leverage that platforms offer also varies from account to account, like the commission and other charges.
But at EasyMarkets, the leverage is the same for all the three accounts that are 1:1400. The traders need to explore the platform before choosing anyone.
How much is Spread at EasyMarkets?
The spreads at EasyMarkets are different for all three accounts.
As for the Vip account, the spreads start from 1.2 pips, while for the premium account, spreads start from 1.5 pips.
Lastly, for the standard account, the spreads start from 2.0 pips.
What type of Commission Plans available in EasyMarkets?
Basically, the commission plans vary from account to account, and EasyMarkets offer at least three accounts.
The accounts available here include VIP, premium, and standard.
Traders can choose any account as per their objectives and budget.
Do EasyMarkets provide Cryptocurrency for Investment?
Yes, EasyMarkets offer cryptocurrency for investment.
Besides, traders can also choose other asset classes.
For payment and withdrawal, traders can use credit or debit cards.
Is EasyMarkets a legit Forex Broker?
Traders choose to trade here without any second thoughts and select the platform above all, so EasyMarkets is a legit forex broker.
Additionally, the broker isn’t only well regulated but also ensures that it aligns with all the guidelines from authority.
On the flip side, the traders need to consider the legal terms of the broker also. Hence when it comes to trading, traders also need to consider the charges.
Can I invest in EasyMarkets for $5?
No, traders cannot start trading with $5 at EasyMarkets as traders need to deal with a minimum account balance of 70 USD.
But if traders choose to trade on a demo account, they can trade without any minimum amount. It is mainly because the demo account is free for all.
Are there any hidden charges available with EasyMarkets?
Traders can trade here without stressing about anything as such because there are no hidden charges.
But to learn about various charges, traders need to explore the accounts and choose one which aligns with their objective.
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