easyMarkets Broker Review For Kenya In 2023

easyMarkets Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC, FSA
💰 Minimum Deposit	$5
💳 Deposit Options	VISA, MasterCard, Bank Wire, Skrill, Neteller, or Webmoney.
💳 Withdrawal Options	VISA, MasterCard, Bank Wire, Skrill, Neteller, or Webmoney.
📌Open an account	Start Trading with easyMarkets

About easyMarkets

easyMarkets is a trustworthy, reputable broker. It has great account options, excellent trading conditions, and a wide range of trading instruments. It also has good educational resources, great trading support, and a unique trade cancellation tool.

Key Benefits

Advantages of Trading With easyMarkets

easyMarkets is an online broker that offers traders easy access to the markets. With easyMarkets, you can trade 100+ currency pairs and other financial instruments such as commodities, indices and cryptocurrencies. Here are some of the benefits of using easyMarkets for your Forex trading:

• Low Spreads: easyMarkets offer competitive spreads on all major currency pairs – making it one of the most cost-effective brokers around. This means you can get better returns on your trades without having to pay extra costs for each transaction!
• User-Friendly Platforms: easyMarkets provide both web platform and mobile app options so that traders have access to their accounts wherever they go – perfect for those who need flexibility when trading from different locations or devices!
• Advanced Trading Tools & Resources: easyMarkets provides its clients with advanced tools like charting packages, automated strategies, technical indicators etc which help them make informed decisions while trading. They also offer educational resources such as webinars.
• Security & Regulation: As a regulated broker, easyMarkets ensures safety by following strict rules regarding client funds protection & segregation policies! This makes sure that all customer funds remain safe at all times even during volatile markets conditions!

Regulation

easyMarkets is a regulated broker. It is licensed by the Australian Financial Services. It is also licensed by the Cyprus Securities & Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), and the Financial Services Commission (FSC). Here are their licence numbers:

• Australia – Australian Financial Services (No. 246566).
• Cyprus – Cyprus Securities & Exchange Commission (No. 079/07)
• Seychelles – Financial Services Authority of Seychelles (No. SD056)
• British Virgin Islands – Financial Services Commission (No. SIBA/L/20/1135).

Regulation in Kenya

Traders in Kenya can open a trading account under easyMarkets’ EF Worldwide branch, which is regulated by the FSC in the British Virgin Islands. As an FSC-regulated branch, EF Worldwide operates with slightly less regulatory oversight than the others. However, easyMarkets is a very reliable brand and they implement client fund safety protocols across all their business branches.

Client Fund Safety

As a regulated broker, easyMarkets offers a high level of client fund protection. It uses segregated accounts. This means that its clients’ funds and its operational funds are kept in separate accounts. As such, clients’ funds are never used for operational purposes.

As a responsible broker, easyMarkets also offers a high level of data security. easyMarkets employs secure encryption technology for data transfers between its servers and clients’ computers as well as advanced firewalls which protect its systems against malicious attacks or unauthorized access attempts from outside sources. It also ensures customer accounts are protected with two factor authentication (2FA). This means that customers are required to enter an additional code when logging in or making changes on their account settings page – adding another layer security against potential hackers gaining access into your account without permission.

Finally, easyMarkets has implemented a strict anti money laundering policy requiring customers provide proof identity documents before being able deposit/withdraw funds – these must be verified by one their compliance officers before transactions can be processed successfully. This ensures funds are always sent to and from the correct accounts.

Forex Trading Awards

• Best Cryptocurrency Innovation UAE 2022 – Finance Derivative Magazine
• Most Trusted Broker 2022 – Smart Vision Investment Expo Egypt
• Most Reputable Multi-Asset Broker 2022 – Forex Expo Dubai
• Most Trusted Forex Broker in Middle East 2022 – Fin Expo Egypt 2022
• Best Forex Trading Innovation 2022 – FxScouts.com

easyMarkets: Legit Or Scam?

easyMarkets is a legit forex broker. They are a popular online trading provider that offers easy access to the global currency markets. They have been in business since 2001 and are regulated by multiple financial authorities, including the Cyprus Securities and Exchange Commission (CySEC). easyMarkets also offers great trading accounts. They have user-friendly platforms, competitive spreads, low fees and wide range of trading tools. As such, we feel they are definitely legit.

Trading Assets

easyMarkets offers 190+ trading instruments across several asset classes. You can trade forex pairs, indices, oil, gas, metals, agricultural commodities, and cryptocurrencies.

Trading Instruments

• Forex: They have 100+ instruments, including major, minor, and exotic pairs.
• Share CFDs: They have 50 share CFDs for major US, EU, and AU companies.
• Precious metals: They have 19 precious metal CFDs including platinum.
• Indices: They have 15 indice CFDs for major UK, US, and EU markets.
• Commodities: They have 12 commodities including metals, energies, and cotton.
• Cryptocurrencies: They have 6 cryptocurrencies including Bitcoin

easyMarkets Account Types

easyMarkets has three account options: the Standard Account, Premium Account, and VIP Account.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Standard	From 1.8 pips	$25	1:500	$0
Standard (MT4)	From 1.7 pips	$25	1:500	$0
Premium	From 1.5 pips	$2,000	1:500	$0
Premium (MT4)	From 1.2 pips	$2,000	1:500	$0
VIP	From 0.8 pips	$10,000	1:500	$0
VIP (MT4)	From 0.7 pips	$10,000	1:500	$0

Live Accounts

As part of our easyMarkets broker review, we checked what live trading accounts they have. In our opinion, their best trading account is the Standard Account. This is their beginner trading account. As such, it is a great choice for traders with little or no trading experience. It has an average spread of 1.8 pips and there are no commissions. It also has high leverage of up to 1:500. The easyMarkets minimum deposit for this account is $25 and the base currency is USD.

Demo Accounts

easyMarkets also offers a demo account. In our opinion, this is one of their best trading tools. Their demo account mimics a live trading environment and allows you to practise your forex trading in real-time. It also allows you to explore all the different features that MT4 and MT5 have to offer. As such, the easyMarkets demo account is very helpful for new traders.

Commission & Spreads

easyMarkets has tight spreads. The spread available depends on what account type you choose. For example, you can get spreads from 0.8 pips on EUR/USD on the VIP account, and from 1.5 pips on EUR/USD on the Premium account. There are no commission charges on any of the accounts.

Leverage

easyMarkets have variable leverage. For example, you can get 1:20 on stocks and cryptocurrencies, 1:100 on indices and commodities, and 1:500 on forex and metals.

Islamic Swap-Free Accounts

All of the easyMarkets accounts are available as Islamic Accounts, and you can choose this option when opening your online trading account. The Islamic Account option allows traders who follow Sharia Law to trade without incurring interest charges or swap points when holding positions overnight – this makes it ideal for long-term traders looking for cost effective ways to manage their portfolio over time while adhering strictly religious beliefs regarding finance transactions.

easyMarkets Registration – How To Open A Trading Account

As part of our easyMarkets broker review, we checked their online registration process. If you live in Kenya, then you are eligible to open a forex trading account. Signing up for an account is fairly easy. To get started, you need to go to their website, fill in the online registration form, and then choose your login details. This is so that they can create your account. Next, you need to take a quick forex trading quiz. This is so that they can find out what you already know about online trading, and decide if you have learned enough to use their services safely. Lastly, you need to complete the account verification process, send copies of the requested documents, and choose your trading account.

easyMarkets Registration – How To Verify A Trading Account

As part of our easyMarkets broker review, we also checked their account verification process. easyMarkets will ask you to send them copies of certain personal documents. This is so that they can carry out their regulatory checks and confirm the personal details you provided are correct. You need to send them a proof of ID. This means giving them a clear copy of your driver’s licence, your national ID card or your passport. You also need to provide the company with proof of address. This means giving them a clear copy of a recent utility bill, bank statement or any other local authority bill. Your proof of address must include your full name and address, and have been issued within the last 6 months.

Payment Methods

As part of our easyMarkets review, we looked at what payment options are available. As an international broker, they try to offer standard payment methods, as well as local payment solutions. In general, they also try to offer fast transaction times and low transaction fees.

Deposits & Withdrawals

easyMarkets offers many different payment methods including debit card, credit card, bank transfer, Skrill, Neteller, or Webmoney. They have good deposit times and no deposit fees. You can also withdraw money using any of these payment methods. They have fast withdrawal times and low withdrawal fees.

easyMarkets Trading Platforms

easyMarkets offers trading on both MetaTrader4 and MetaTrader5. These platforms are free to download and use. They are also available on multiple devices including desktop, tablet and mobile. This means you can trade anywhere, anytime, as long as you have an internet connection.

The best trading platform for new forex traders is MetaTrader4 (MT4). The easyMarkets MT4 platform is an easy-to-use platform and suitable for forex trading. The platform provides you with access to a range of currency pairs and other financial instruments, including commodities, indices and stocks. It also features advanced charting tools, automated trading systems and more.

The best trading platform for intermediate traders in MetaTrader5. The easyMarkets MT5 platform has an nice design and many built-in trading tools. You access and trade all of your favourite markets including forex, shares, and crypto. It is very easy to navigate. The platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects.

Trading Tools

easyMarkets has some great trading tools, including easyTrade and Freeze rate tools. The easyTrade tool helps you plan your trades and lets you set a maximum amount of risk for each position. As such, it helps you better manage your exposure and limit your potential losses. Meanwhile, the Freeze Rate tool lets you freeze the price you see and gives you a buffer of a few seconds to perform your trade. As such, it helps you better manage your risk during times of high market volatility.

Education

easyMarkets offers many helpful resources including educational articles, detailed eBooks, helpful glossaries, and a free trading course. The trading course covers many important topics including market analysis, trading plans, risk management, and trading psychology. As such, it provides you with a solid education and a good introduction to forex trading.

Extra Trading Services

easyMarkets offers a very helpful feature on their platform called dealCancellation. This tool gives you the ability to cancel trades and save money on your investments.

easyMarkets Customer Support

At easyMarkets, they understand that customer support is an essential part of any successful forex trading experience. That’s why they provide a comprehensive range of services to ensure their customers have the best possible experience when trading with them. Their customer service team is available 24/7 and can be contacted via email, telephone or live chat.

Trading Hours

easyMarkets trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.

Our Verdict

easyMarkets has a great all-round package. It offers excellent trading conditions, great trading platforms, and a secure trading environment. It also has good educational resources and a helpful customer support team.

easyMarkets Forex Broker Review FAQ

Like what you see? Sign up for an online trading account with easyMarkets.