EasyMarkets review

easyMarkets Review

Updated : March 27, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 200 / 466400 TZS

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

🏛 HeadquarteredThe British Virgin Islands
🏛 Global OfficesCyprus, Australia, China
⚖️ Local Market Regulator in TanzaniaBank of Tanzania (BoT)
📊 Foreign Direct Investment in Tanzania$0.99B in 2019
💸 Foreign Exchange Reserves in Tanzania6.714 billion US dollars in 2021
🏙 Local office in Dodoma?No
🤝 Governor of SEC in TanzaniaNone, Benno Ndulu is the Central Bank Governor in Tanzania
✅ Accepts Tanzanian Traders?Yes
🗓 Year Founded2001
📞 Tanzanian 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
⚖️ BoT 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 TZS Account?No
👨‍💻 Dedicated Tanzanian Account Manager?Yes, a Personal Account Manager is offered
📊 Maximum Leverage1:400
🚫 Leverage Restrictions for Tanzania?No
💰 Minimum Deposit (TZS)58,000 TZS or equivalent to $25
✅ Tanzanian Shilling Deposits Allowed?Yes
📊 Active Tanzanian Trader Stats50,000+
👥 Active Tanzanian-based easyMarkets customersUnknown
💳 Tanzanian Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💵 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 Tanzanian Banks?No
🕐 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/TZS currency pair?No
📈 USD/TZS Average SpreadN/A
📉 Offers Tanzanian 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 TanzaniansNone
📚 Education for Tanzanian beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Tanzanian TraderUnknown
✅ Is easyMarkets a safe broker for Tanzanians?Yes
📊 Rating for easyMarkets Tanzania9/10
🤝 Trust score for easyMarkets Tanzania82%
👉 Open an account👉 Open Account

easyMarkets Overview

easyMarkets Review Overview

 

👉 easyMarkets accepts Tanzanian clients and has an average spread from 0.03 USD on WTI (Fixed) with zero commission charges. easyMarkets has a maximum leverage ratio up to 1:400 and there is a demo and Islamic account available. MT4, MT5, easyMarkets, and TradingView platforms are supported. easyMarkets is headquartered in the British Virgin Islands and is regulated by BVI FSC, CySEC, ASIC, and FSA.

 

👉 easyMarkets started its operations in 2001 and is a well-regulated market maker that operates without the involvement of a trading desk. easyMarkets has a reputation for being one of the most forward-thinking brokers in the market, having been the first to provide negative balance protection as well as a guaranteed stop-loss in the sector.

 

👉 With features such as easyTrade, Freeze Rate, and dealCancellation, it has continued to develop to assist traders in risk management. The company’s own platform, as well as MT4, are both user-friendly for beginners. easyMarkets also supports scalping, hedging, and algorithmic trading strategies.

 

👉 This easyMarkets review for Tanzania will provide local retail traders with the details that they need to consider whether easyMarkets is suited to their unique trading objectives and needs.

 

easyMarkets Distribution of Traders

easyMarkets Review Distribution of Traders

 

👉 easyMarkets currently has the largest market share in these countries:

➡️️ Poland – 30.5%

➡️️ Israel – 19.8%

➡️️ China – 6.7%

➡️️ United Arab Emirates – 6.6%

➡️️ India – 4%

 

Popularity among traders who choose easyMarkets

🥇 Even though easyMarkets does not dominate the Tanzanian derivatives market, the broker is classified among the country’s top 50 brokers.

 

easyMarkets Regulation and Safety of Funds

easyMarkets Review Regulation And Safety

 

easyMarkets Regulation in Tanzania

👉easyMarkets, while regulated around the globe, does not yet have regulations or licensing locally in Tanzania. However, this should not discourage Tanzanian traders because easyMarkets is a verified, legitimate, and safe broker.

 

easyMarkets Global Regulations

 

👉easyMarkets is regulated by four regulators namely the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Australian Securities and Investments Commission (ASIC) in Australia, and the Seychelles Financial Services Authority (FSA), and the British Virgin Islands Financial Services Commission (BVI FSC).

 

The following indicates the detailed regulatory information for easyMarkets:

➡️️​ Easy Forex Trading Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), a Tier-2 market regulator, and operates under the CySEC license number 079/07, which has been passported to the European Union under the MiFID Directive.

➡️️​ Easy Markets Pty Ltd is regulated by ASIC and operates under AFSL number 246566.

➡️️​ EF Worldwide is regulated by the Seychelles Financial Services Authority under license number SD056.

➡️️​ EF Worldwide is governed by the BVI Financial Services Commission under license number SIBA/L/20/1135.

 

easyMarkets Client Fund Security and Safety Features

👉 Tanzanian traders will trade via the subsidiary, EF Worldwide, which is licensed by the BVI Financial Services Commission. The BVI FSC is not regarded as one of the world’s finest regulators. At easyMarkets, however, all customer assets are held in segregated accounts at top-tier institutions worldwide.

 

👉 This segmentation of client money guarantees that they are accessible solely to clients and are not utilized for corporate activities. Additionally, easyMarkets protects traders from negative balances, guaranteeing that they never lose more than the value of their trading accounts.

 

👉 Additionally, easyMarkets is inspected periodically by authorities and utilizes these chances to discover risk areas in their operations, assuring continuous development of internal systems.

 

👉 easyMarkets maintains Capital Adequacy to cover all customer deposits and operating expenses as a safeguard against adverse economic repercussions on the firm or its portfolio of holdings.

 

easyMarkets Awards and Recognition

👉 EasyMarkets has received several awards and recognitions since its beginning in 2001, the most recent of which is:

➡️️​ FxScouts.com’s Best Forex Trading Innovation award for 2021.

➡️️​ In 2021, the Smart Vision Investment Expo will award the title of “Best Forex Trading App.”

➡️️​ FxScouts.com presented easyMarkets with the “Best Forex Trading Innovation” Award in 2020.

Overall Rating

Min Deposit

USD 200 / 466400 TZS

Regulators

CFD

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

easyMarkets Account Types and Features

easyMarkets Review Account Types

 

👉 easyMarkets provides a demo account and six commission-free real accounts — a Standard Account, a Premium Account, and a VIP Account – each with a different minimum deposit requirement.

 

👉 The trading requirements for each account differ according to the platform used – MT4 or easyMarkets’ customized platform. On the web/App, leverage is up to 200:1, whereas on MT4, it is up to 400:1.

 

👉 All account types are inclusive of a dedicated account manager as well as a helpful platform tour, instruction on the fundamentals of Forex trading, and access to fundamental and technical analysis through Trading Central. All services are included in the price of the account.

 

👉 Tanzanian traders must take note that the guaranteed stop loss, freeze rate, and easyTrade features are all exclusive to easyMarkets.

 

👉 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

 

easyMarkets Live Trading Accounts

Standard Account Web/App

👉The Standard Account, easyMarkets’ entry-level account, requires a minimum investment of 58,000 TZS or an equivalent to 25 USD, making it appropriate for novice traders.

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 Deposit58,000 Tanzanian Shilling (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

👉Tanzanian traders who establish a Standard Account on MetaTrader 4 may expect the trading features and conditions listed below.

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 Deposit58,000 Tanzanian Shilling (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

👉 More experienced traders who desire tighter spreads and more features will find the Premium Account to be the most suitable option.

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 Deposit4,600,000 TZS (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

👉Along with various other benefits, the Premium MT4 Account includes access to the MetaTrader 4 trading platform. Tanzanian traders who use this account type may anticipate the following advantageous trading circumstances and distinctive features.

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 Deposit4,600,000 TZS (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

👉The account’s minimum deposit is 10,000 USD, making it expensive to most traders. Spreads on easymarkets proprietary platform are set at 1.2 pips (EUR/USD) and 0.9 pips (EUR/USD) on MT4, which is, at best, close to the industry average. Additionally, VIP account users get same-day deposits and withdrawals.

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 Deposit23,000,000 TZS (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

👉Tanzanian traders may benefit from increased leverage ratios as well as a variety of extra benefits available via the VIP Account on MetaTrader 4, including the following.

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 Deposit23,000,000 TZS (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

 

easyMarkets 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.

 

👉 The trial period is infinite on the demo account and demo accounts are appropriate for novices, but they may also be used to evaluate easyMarkets’ unique trading platform. Demo accounts are pre-loaded with 10,000 USD in virtual cash that can be topped up at any given time.

 

easyMarkets 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.

 

👉 Muslim traders in Tanzania can convert their live trading account into an Islamic or Swap-Free account, exempting them from overnight fees, at no additional cost.

How to open an Account with easyMarkets

👉 To register an account with easyMarkets, Tanzanian traders can follow these steps:

 

👉 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 Deposit58,000 TZS2349 TZS

12059 TZS

📈 LeverageUp to 1:4001:20001:888
📊 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
⚖️ BoT RegulationNoNoNo
💳 TZS DepositsYesYesYes
📊 Tanzanian 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

Overall Rating

Min Deposit

USD 200 / 466400 TZS

Regulators

CFD

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

easyMarkets Trading Platforms

easyMarkets Review Trading Fees

 

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

➡️ easyMarkets Platform

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ TradingView

 

Desktop Platforms

easyMarkets Review Desktop Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

 

👉 Investors from all around the globe have come to depend on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms as reliable sources of information. The popularity of MT4 among traders may be attributed to its user-friendly interface and short learning curve, and the same can be said about MetaTrader 5 as the updated version of MT4.

 

👉 Additionally, easyMarkets provides traders with great trading conditions, set spreads, negative balance protection, free guaranteed stop loss and take profit orders, as well as a news and analysis centre via the MetaTrader 4/5 trading platforms.

 

WebTrader Platforms

easyMarkets Review WebTrader Platforms

➡️ easyMarkets Platform

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ TradingView

 

easyMarkets Platform

👉 Since it is web-based, easy markets straightforward platform does not need installation and can be configured to function with any computer. The robust trading conditions and extensive trading tools available at easyMarkets make it an excellent alternative for traders.

 

MetaTrader 4 and 5

👉 MetaTrader 4 and 5 are two of the most extensively used platforms for online trading, and as a result, the platforms have gained a well-deserved reputation for reliability and efficiency.

 

👉 Traders will not be required to download any additional programs or software when they use MetaTrader 4 or 5 WebTrader; instead, they will just log on to one of the easyMarkets websites and begin trading instantly.

 

TradingView

👉 Trading View is free for traders who open a live account with a brokerage firm. With this application, any instrument may be investigated and analysed with relative ease. Aside from that, the Trading View tool provided by easyMarkets contains the following features:

➡️️​ More than 50 advanced charting options

➡️️​ Over 100,000 indicators and scripts created by individual users

➡️️​ Multiple charts may be shown in a synchronized arrangement

 

Trading App

easyMarkets Review Trading App

➡️ easyMarkets Platform

➡️ MetaTrader 4

➡️ MetaTrader 5

 

easyMarkets Platform

👉 As a result of its uncomplicated design, the easyMarkets app provides you with access to all trading and information from a single, user-friendly interface. It is possible to access live, real-time market data and news updates by using the app.

 

👉 Some of the features include free stop loss/take profit orders as well as free guaranteed stop loss/take profit orders. Using the easyMarkets app on your smartphone, you can browse markets all over the world if you have an internet connection.

 

👉 The platform operates with both iOS and Android mobile devices, giving Tanzanian traders flexibility.

 

MetaTrader 4 and 5

👉 It is possible to trade from any location using the easyMarkets MetaTrader apps; however, it provides less functionality than the desktop version of the platforms, including fewer timeframes and charting options than the desktop version.

 

👉 A full collection of trading orders, as well as the option to cancel or change existing orders, will be kept for traders who want to utilize analytical tools that include technical indicators, graphical objects, and a complete set of trading orders.

easyMarkets Range of Markets

easyMarkets Review Range of Markets

 

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

➡️ Forex

➡️ Shares

➡️ Cryptocurrencies

➡️ Precious Metals

➡️ Commodities

➡️ Indices

➡️ Options

 

Broker Comparison for Range of Markets

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

easyMarkets Trading and Non-Trading Fees

easyMarkets Review Spreads

 

Spreads

👉 Customers of easyMarkets should expect a broad variety of spreads, depending on the kind of account and platform they pick for themselves. The following are typical spread fees that are charged:

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

 

Commissions

👉 easyMarkets is a forex and CFD broker that charges a set spread and no commission charges, with the broker’s fee already calculated into the spreads.

 

Overnight Fees, Rollovers, or Swaps

easyMarkets Review Overnight Fees

 

👉 EasyMarkets’ proprietary trading platforms levy overnight fees starting at 10 p.m. GMT seven days a week. An overnight fee is levied to traders who keep open positions on MetaTrader 4 for more than 24 hours.

 

👉 On MetaTrader 4, an overnight fee is imposed five days a week, and a triple fee is applied on Wednesdays. Every Friday, open crypto positions will be charged quadruple fees.

 

👉 After a deal is concluded, overnight expenses are deducted/credited from the trading account. easyMarkets does not provide an exhaustive list of overnight fees. Traders may obtain these fees by opening a demo account or contacting easyMarkets.

 

Deposit and Withdrawal Fees

👉 Both deposits and withdrawals are free with easyMarkets. However, traders may face processing fees that are charged by their payment provider.

 

Inactivity Fees

👉 easyMarkets applies an inactivity fee of $25 on dormant accounts. Once the trading account falls below $25, the account balance will be cleared, and the account will be closed.

 

Currency Conversion Fees

👉 When Tanzanian traders deposit or withdraw in NAD, they could face currency conversion fees because NAD is not an accepted base account currency.

 

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

👉 To deposit funds to an account with easyMarkets, Tanzanian traders can follow these steps:

➡️ Once a Tanzanian trader has opened a live account and verified their identity and residence, they can deposit money into their live trading account.

➡️ Users can access the deposits area of their “My easyMarkets” dashboard and choose a deposit option.

➡️ Next, they can enter the desired amount in currency.

➡️ Lastly, Tanzanian traders can follow payment provider instructions after they have confirmed the deposit details.

 

easyMarkets Fund Withdrawal Process

👉 To withdraw funds from an account with easyMarkets, Tanzanian traders can follow these steps:

➡️ Log into the “My easyMarkets” dashboard.

➡️ Navigate to “Funds Management.”

➡️ Choose the same method that was used with account funding, using debit or credit card first before selecting another method.

easyMarkets Education and Research

easyMarkets Review Education And Research

 

Education

👉 EasyMarkets offers the following Educational Materials:

➡️ Trading Courses

➡️ Free eBooks

➡️ Knowledge Base

➡️ Trading Indicators

➡️ FAQ

 

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

➡️ Economic Indicators

➡️ Market News

➡️ Trading Charts

➡️ Live Currency Rates

➡️ Financial Calendar

➡️ Trading Hours

easyMarkets Bonuses and Promotions

easyMarkets Review Bonuses And Promotions

👉 easyMarkets offers Tanzanian traders the following bonuses and promotions:

➡️ Sign-up Bonus

➡️ Referral Bonus

➡️ First Deposit Bonus

Overall Rating

Min Deposit

USD 200 / 466400 TZS

Regulators

CFD

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

How to open an Affiliate Account with easyMarkets

easyMarkets Review Affiliate Program

 

👉 To register an Affiliate Account, Tanzanians can follow these steps:

➡️ Navigate to the easyMarkets official website.

➡️ Hover over “About” on the main menu on the homepage and select “Partners” from the bottom of the drop-down list.

➡️ Select the “Become a Partner” banner and complete the “Sign up now!” registration form.

➡️ Before applying, select whether you want to become an Affiliate or an Introducing Broker.

➡️ Read and accept the Affiliation Agreement and click on “Join” to apply.

 

easyMarkets Affiliate Program Features

👉 The easyMarkets partner program provides an unrivalled partner experience, with a lead active client conversion rate of up to 25%, many levels of participation, and exceptionally profitable compensation structures.

 

👉 As an affiliate, traders get access to an affiliate success manager and a broker that is well recognized and respected in the financial industry. Additional marketing materials and other resources are made available to Tanzanian partners as well.

 

👉 Anyone who can conceive of a creative approach to bring prospective customers to easyMarkets has the potential to become an affiliate of the company.

 

easyMarkets Customer Support

👉 easyMarkets offers responsive and helpful 24/5 customer support that can be contacted through several communication channels.

 

easyMarkets Corporate Social Responsibility

👉 There is currently no information available on the Corporate Social Responsibility (CSR) initiatives or projects that easyMarkets is involved in.

Verdict on easyMarkets

👉 With a wide range of Forex products and a unique set of risk management features, easyMarkets is a well-regulated non-dealing desk market maker. However, easyMarkets’ trading expenses are greater than those of other brokers across all account types, even with its beginner-friendly proprietary platform.

 

👉 While easyMarkets has a solid teaching library for novice traders, its market research area lacks substance, and forces sophisticated traders to seek out third-party resources.

easyMarkets Current Popularity Trends

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

 

easyMarkets Review Google Trend

Overall Rating

Min Deposit

USD 200 / 466400 TZS

Regulators

CFD

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

easyMarkets Pros and Cons

✔️ Pros❌ Cons
easyMarkets offers a renowned and trustworthy platformThere is no Cent Account offered
There are several free research toolsFor the best trading conditions, Tanzanians must consider more premium accounts which have very high minimum deposits
easyMarkets offers easy and accessible mobile trading to Tanzanian tradersThere is no TZS-denominated account
Commissions are not chargedThe spreads are marked-up and are very wide
There are fixed spreads offered
Customer support is prompt and helpful

Frequently Asked Questions

 

Is easyMarkets regulated?

Yes, easyMarkets is regulated by ASIC, CySEC, BVI FSC, and the FSA. With regulations like these, easyMarkets can offer its unique trading solutions to traders from around the world.

 

How much is the maximum leverage on easyMarkets?

The maximum leverage that you can use is 1:500 on MetaTrader 5 while trading forex.

 

How to deposit to easyMarkets?

Register a live trading account, complete account verification (KYC), and access your client portal from where you can select the option to deposit funds using an enormous range of deposit methods.

 

Does easyMarkets have Nasdaq?

Yes, easyMarkets offers Nasdaq to Tanzanian traders at competitive rates.

 

What is the withdrawal time for easyMarkets?

The withdrawal time ranges from instantaneous withdrawals up to 5 days for certain withdrawal methods.

 

Does easyMarkets have Volatility 75?

No, easyMarkets does not currently offer VIX to Tanzanian traders. However, easyMarkets offers several other popular indices that can be traded.

 

What is the overall rating for easyMarkets?

The overall rating for easyMarkets is 9/10. This rating is based on the range of trading accounts that easyMarkets offers in combination with competitive trading conditions. easyMarkets also offers powerful trading software available across devices and some research tools and resources.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with easyMarkets?

➡️ What was the determining factor in your decision to engage with easyMarkets?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with easyMarkets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)

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