easyMarkets Review
Overall, easyMarkets is considered low-risk, with an overall Trust Score of 82 out of 100. easyMarkets is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). easyMarkets offers three main retail investor accounts namely a Standard Account (MT4 or Web/App), Premium Account (MT4 or Web/App), and a VIP Account (MT4 or Web/App). EasyMarkets is currently not regulated by the Bank of Tanzania.
- Louis Schoeman
Updated : March 27, 2023
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
- 4.9/5
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
easyMarkets At a Glance
| 🏛 Headquartered | The British Virgin Islands |
| 🏛 Global Offices | Cyprus, Australia, China |
| ⚖️ Local Market Regulator in Tanzania | Bank of Tanzania (BoT) |
| 📊 Foreign Direct Investment in Tanzania | $0.99B in 2019 |
| 💸 Foreign Exchange Reserves in Tanzania | 6.714 billion US dollars in 2021 |
| 🏙 Local office in Dodoma? | No |
| 🤝 Governor of SEC in Tanzania | None, Benno Ndulu is the Central Bank Governor in Tanzania |
| ✅ Accepts Tanzanian Traders? | Yes |
| 🗓 Year Founded | 2001 |
| 📞 Tanzanian Office Contact Number | None |
| 🤳 Social Media Platforms | • Instagram • YouTube |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA |
| 🪪 License Number | • British Virgin Islands – SIBA/L/20/1135 • Cyprus – 079/07 • Australia – AFSL 246566 • Seychelles – SD056 |
| ⚖️ BoT Regulation | No |
| 🚫 Regional Restrictions | United 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 Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| 📊 PAMM Accounts | None |
| 🤝 Liquidity Providers | None, Market Maker broker |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Average spread | Fixed, 0.03 USD WTI (OIL) |
| 📞 Margin Call | 70% |
| 🛑 Stop-Out | 30% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a TZS Account? | No |
| 👨💻 Dedicated Tanzanian Account Manager? | Yes, a Personal Account Manager is offered |
| 📊 Maximum Leverage | 1:400 |
| 🚫 Leverage Restrictions for Tanzania? | No |
| 💰 Minimum Deposit (TZS) | 58,000 TZS or equivalent to $25 |
| ✅ Tanzanian Shilling Deposits Allowed? | Yes |
| 📊 Active Tanzanian Trader Stats | 50,000+ |
| 👥 Active Tanzanian-based easyMarkets customers | Unknown |
| 💳 Tanzanian Daily Forex Turnover | Unknown, 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 Time | Instant |
| 💵 Instant Deposits and Instant Withdrawals? | Yes |
| 🏦 Segregated Accounts with Tanzanian Banks? | No |
| 🕐 Maximum Estimated Withdrawal Time | Up 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 Spread | N/A |
| 📉 Offers Tanzanian Stocks and CFDs | None |
| 🗣 Languages supported on Website | Chinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others |
| 📞 Customer Support Languages | English, French, Spanish, Italian, Arabic, German, Bulgarian |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Customer Support Languages | Multilingual |
| ✅ Bonuses and Promotions for Tanzanians | None |
| 📚 Education for Tanzanian beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Tanzanian Trader | Unknown |
| ✅ Is easyMarkets a safe broker for Tanzanians? | Yes |
| 📊 Rating for easyMarkets Tanzania | 9/10 |
| 🤝 Trust score for easyMarkets Tanzania | 82% |
| 👉 Open an account | 👉 Open Account |
easyMarkets Review – 24 key points quick overview:
easyMarkets Overview- easyMarkets Regulation and Safety of Funds
- easyMarkets Awards and Recognition
- easyMarkets Account Types and Features
- How to open an Account with easyMarkets
- easyMarkets Vs SuperForex Vs XM – Broker Comparison
- easyMarkets Trading Platforms
- easyMarkets Range of Markets
- Broker Comparison for Range of Markets
- easyMarkets Trading and Non-Trading Fees
- Deposits and Withdrawals
- How to Deposit Funds with easyMarkets
- easyMarkets Fund Withdrawal Process
- easyMarkets Education and Research
- easyMarkets Bonuses and Promotions
- How to open an Affiliate Account with easyMarkets
- easyMarkets Affiliate Program Features
- easyMarkets Customer Support
- easyMarkets Corporate Social Responsibility
- Verdict on easyMarkets
- easyMarkets Current Popularity Trends
- easyMarkets Pros and Cons
- Frequently Asked Questions
- Conclusion
easyMarkets 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 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 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
- 4.9/5
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 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 Feature | Value |
| 💻 Platform Offered | easyMarkets 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 Deposit | 58,000 Tanzanian Shilling (Equivalent to $25) |
| 📈 Maximum Leverage | 1:200 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, 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 Feature | Value |
| 💻 Platform Offered | MetaTrader 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 Deposit | 58,000 Tanzanian Shilling (Equivalent to $25) |
| 📈 Maximum Leverage | 1:400 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | No |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, 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 Feature | Value |
| 💻 Platform Offered | easyMarkets 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 Deposit | 4,600,000 TZS (Equivalent to $2,000) |
| 📈 Maximum Leverage | 1:200 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, 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 Feature | Value |
| 💻 Platform Offered | MetaTrader 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 Deposit | 4,600,000 TZS (Equivalent to $2,000) |
| 📈 Maximum Leverage | 1:400 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | No |
| 🛑 Guaranteed Stop-Loss | No |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | Yes |
| 💸 Account Base Currency Options | EUR, 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 Feature | Value |
| 💻 Platform Offered | easyMarkets 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 Deposit | 23,000,000 TZS (Equivalent to $10,000) |
| 📈 Maximum Leverage | 1:200 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, 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 Feature | Value |
| 💻 Platform Offered | MetaTrader 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 Deposit | 23,000,000 TZS (Equivalent to $10,000) |
| 📈 Maximum Leverage | 1:400 |
| 💸 Commission Fees | None |
| 💵 Account Fees | None |
| 💳 Deposit and Withdrawal Fees | None |
| 📞 Customer Telephonic Support | Yes |
| 👥 Personal Account Manager | Yes |
| 📱 24/5 Customer Support Through Live Chat | Yes |
| 0️⃣ Guaranteed Zero Slippage | Yes |
| 🛑 Guaranteed Stop-Loss | Yes |
| ✅ Negative Balance Protection | Yes |
| 📧 Daily Email on Fundamental Analysis | Yes |
| 📧 Daily Email on Technical Analysis | Yes |
| 🚨 Trading Central Indicator | No |
| 💸 Account Base Currency Options | EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC |
easyMarkets 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
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”.
👉 Step 2 – Fill Out Your Details
➡️ Fill out your first and last name, and email address and create a password for your account.
👉 Step 3 – Your Account Is Ready To Trade
➡️ You can now trade with your brand new account!
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easyMarkets Vs SuperForex Vs XM – Broker Comparison
| easyMarkets | SuperForex | XM | |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA | None | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📱 Trading Platform | • easyMarkets • Platform • MetaTrader 4 • TradingView | • MetaTrader 4 • SuperForex App | • MetaTrader 4 • MetaTrader 5 • XM Mobile App |
| 💰 Withdrawal Fee | None | Yes | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 58,000 TZS | 2349 TZS | 12059 TZS |
| 📈 Leverage | Up to 1:400 | 1:2000 | 1:888 |
| 📊 Spread | Fixed, 0.03 USD | From 0.0 pips | 0.0 pips |
| 💰 Commissions | None | From 0.013% | $1 to $9 |
| ✴️ Margin Call/Stop-Out | 70%/30% | 30%/40% | • 50%/20%, • 100%/50% (EU) |
| ✴️ Order Execution | Market | Market, Instant | Market, Instant |
| 💳 No-Deposit Bonus | No | Yes | No |
| 📊 Cent Accounts | No | Yes | No |
| 📈 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 Regulation | No | No | No |
| 💳 TZS Deposits | Yes | Yes | Yes |
| 📊 Tanzanian Shilling Account | No | Yes | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 3 | 11 | 4 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📊 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | None | 100 lots |
| 💳 Minimum Withdrawal Time | Instant | Instant | 24 HOURS |
| ⏰ Maximum Estimated Withdrawal Time | Up to 5 Days | Up to 4 Days | Up to 5 Days |
| ✔️ Instant Deposits and Instant Withdrawals? | Yes | Yes | No |
Overall Rating
- 4.9/5
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 offers Tanzanian traders a choice between these trading platforms:
➡️ easyMarkets Platform
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ TradingView
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 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 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
👉 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
| easyMarkets | SuperForex | XM | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | No |
easyMarkets Trading and Non-Trading Fees
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:
| Account | easyMarkets Web/App | MetaTrader 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’ 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
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 offers Tanzanian traders the following bonuses and promotions:
➡️ Sign-up Bonus
➡️ Referral Bonus
➡️ First Deposit Bonus
Overall Rating
- 4.9/5
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
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.
Overall Rating
- 4.9/5
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 platform | There is no Cent Account offered |
| There are several free research tools | For 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 traders | There is no TZS-denominated account |
| Commissions are not charged | The 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.
