easyMarkets India Review

How to Get Started with easyMarkets India

Getting started with easyMarkets India is a straightforward process. Here are the steps you need to take to get started:

• Create an Account: The first step is to create an account with easyMarkets. You can do this by visiting the easyMarkets website and clicking on the “Sign Up” button. You will need to provide some personal information, such as your name, address, and contact details.
• Fund Your Account: Once your account is created, you will need to fund it. easyMarkets accepts a variety of payment methods, including credit cards, bank transfers, and e-wallets.
• Start Trading: Once your account is funded, you can start trading. easyMarkets broker offers a range of trading platforms, including the easyMarkets web platform, the easyMarkets mobile app, and the easyMarkets MT4 platform.
• Monitor Your Trades: Once you have placed your trades, you will need to monitor them. easyMarkets provides a range of tools and resources to help you stay on top of your trades.

By following these steps, you can get started with easyMarkets India. With easyMarkets forex broker, you can trade a variety of financial instruments, including forex, commodities, indices, and more.

easyMarkets Account Types

easyMarkets India offers a range of account types to suit the needs of different traders. The three main account types are Standard, Premium, and VIP.

• The Standard account is the most popular and is suitable for all levels of traders. It offers competitive spreads, no commissions, and access to a wide range of markets. It also includes a range of risk management tools such as guaranteed stop loss and negative balance protection. The minimum deposit for the standard account is $100.
• The Premium Account provides traders with a range of advanced features and benefits. This account type offers traders access to a personal account manager, exclusive market updates, advanced trading charts, and a range of other benefits. Additionally, the account also offers reduced spreads and commission fees, making it a cost-effective option for traders who execute a high volume of trades. The minimum deposit requirement for this account types is $2,000.
• The VIP account is designed for experienced traders who require more advanced features. It offers tighter spreads, no commissions, and access to exclusive markets. It also includes additional risk management tools such as guaranteed stop loss and negative balance protection. The VIP account minimum deposit amount is $10,000.

easyMarkets Demo Account

easyMarkets offers a free demo account for traders to practice and test their trading strategies without risking real money. The demo account includes all the features of a live trading account, with access to a wide range of instruments such as forex, commodities, and indices. Traders can test their skills and experiment with different trading strategies using virtual funds of up to $10,000. The demo account comes with easy-to-use trading platforms and tools, including customizable charts and indicators. It is an excellent way for traders to get acquainted with the platform and gain confidence in their trading abilities before investing real money.

easyMarkets Islamic Account

The easyMarkets Islamic Account features are designed to comply with Sharia law for Muslim traders. This type of account, also known as a swap-free account, does not accrue interest on overnight positions, adhering to the Islamic principle prohibiting usury or ‘Riba’. The Islamic Account also does not charge any additional fees or hidden costs. It follows the policy of no re-quotes and provides a fixed spread, allowing for transparent and ethical trading. Other features include access to all the available trading instruments, personal account managers, and the option to trade via web, mobile, or tablet. The easyMarkets Islamic Account, therefore, offers Muslims the opportunity to engage in forex trading while adhering to their religious beliefs.

Tradeable Financial Instruments

• Forex is the most popular trading instrument on easyMarkets India. It allows traders to speculate on the relative strength of one currency against another. Traders can take advantage of the volatility of the currency markets to make profits. easyMarkets India offers a wide range of currency pairs, including major, minor, and exotic pairs.
• Commodities are physical goods such as oil, gold, and wheat. Traders can speculate on the price movements of these commodities and make profits. easyMarkets India offers a wide range of commodities, including energy, metals, and agricultural products.
• Indices are another trading instrument available on easyMarkets India. Indices are baskets of stocks that represent the performance of a particular market or sector. Traders can speculate on the price movements of these indices and make profits. easyMarkets India offers a wide range of indices, including major global indices such as the S&P 500 and the Dow Jones Industrial Average.
• Shares are units of ownership in a company. Traders can speculate on the price movements of these shares and make profits. easyMarkets India offers a wide range of shares, including stocks from major global exchanges such as the NYSE and NASDAQ.
• Options are another popular trading instrument on easyMarkets India. Options are contracts that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price. Traders can speculate on the price movements of these options and make profits. easyMarkets India offers a wide range of options, including call and put options.
• Cryptocurrencies are the newest trading instrument on easyMarkets India. Cryptocurrencies are digital currencies that use cryptography to secure transactions. Traders can speculate on the price movements of these cryptocurrencies and make profits. easyMarkets India offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Trading Platforms & Mobile Apps

easyMarkets offers a variety of trading platforms for its clients, including MetaTrader 4, MetaTrader 5, TradingView, easyMarkets Platform, and mobile apps.

• MetaTrader 4 is a popular platform known for its user-friendly interface, advanced charting capabilities, and automated trading tools. It includes a variety of technical indicators, customizable charts, and the ability to trade directly from the charts. MetaTrader 4 also supports Expert Advisors (EAs), which are automated trading systems that can execute trades on behalf of the trader.
• MetaTrader 5 is an upgraded version of MetaTrader 4 with additional features like more advanced charting tools, a built-in economic calendar, and the ability to execute trades on exchange-traded instruments. MetaTrader 5 also has more advanced order types and allows hedging, which is the ability to hold both long and short positions on the same instrument simultaneously.
• TradingView is a web-based platform that provides advanced charting and analysis tools. It includes a variety of technical indicators, drawing tools, and the ability to create custom indicators. TradingView also has a social aspect where traders can share their ideas and strategies with other traders.
• The easyMarkets Platform is a proprietary platform developed by easyMarkets. It is a user-friendly platform that includes market news and analysis, an economic calendar, and a variety of technical indicators. The easyMarkets Platform also offers guaranteed stop-loss orders, which is a feature that ensures that a trader’s losses are limited to a predetermined amount.
• Finally, easyMarkets mobile apps are available for both iOS and Android devices. These apps allow traders to monitor their positions, execute trades, and access market news and analysis on the go. The mobile apps are designed to be user-friendly and offer a seamless trading experience for traders.

Trading Tools

easyMarkets is a well-known online trading platform that offers a variety of innovative features to its traders. Among these features are easyTrade, dealCancellation, and Freeze Rate.

• easyTrade is a revolutionary tool that allows traders to set the parameters of their trades, such as the maximum risk they are willing to take and the potential profit they would like to achieve. Once these parameters are set, traders can execute their trades with just one click, without having to worry about market fluctuation or slippage. The easyTrade tool also provides traders with real-time feedback on their trades, allowing them to adjust their strategies accordingly.
• dealCancellation is another unique feature that sets this platform apart from its competitors. With dealCancellation, traders have the option to cancel their losing trades within 60 minutes of opening them, without incurring any additional costs or fees. This feature provides traders with an added layer of protection against market volatility and unexpected events.
• The Freeze Rate feature allows traders to freeze the rate of their trades for a period of time, giving them a chance to assess the market conditions before executing their trades. This feature is particularly useful in fast-moving markets or during news releases when prices can fluctuate rapidly.
• Finally, the Vanilla Option feature allows traders to buy or sell an underlying asset at a predetermined price and time. It is a type of option that is the simplest and most basic among all options. With Vanilla Option, traders have the flexibility to choose the amount they want to invest, the strike price, and the expiration date. This option is ideal for traders who are looking for a low-risk investment with a fixed payout. It is also a great way to hedge against potential losses or to take advantage of market opportunities.

easyMarkets Trading Conditions

easyMarkets is a forex and CFD trading platform that offers a range of features to help traders manage their risk. One of the most important features is Negative Balance Protection, which ensures that traders do not lose more money than they have in their accounts. This means that even if a trader’s account balance falls below zero due to market volatility or unexpected events, they will not be liable for any further losses.

In addition to Negative Balance Protection, easyMarkets also offer Guaranteed Stop Loss. This feature allows traders to set a specific stop loss level, which will be triggered if the market moves against their position. This means that even if the market moves quickly and unexpectedly, traders can limit their losses to a predetermined level.

Another key feature of easyMarkets is No Slippage. Slippage occurs when a trader enters or exits a trade at a price that is different from the price they expected. This can happen in fast-moving markets or during periods of high volatility. With easyMarkets, traders can be sure that they will always enter and exit trades at the price they requested, without any slippage.

Finally, easyMarkets offers Fixed Spreads. This means that the spreads on all trades are fixed and do not fluctuate with market conditions. This can be particularly beneficial for traders who want to know their trading costs in advance, as they can calculate their potential profits and losses more accurately. Overall, easyMarkets is a platform that offers a range of features to help traders manage their risk and trade with confidence.

easyMarkets Fees & Charges

As with any online trading platform, there are certain fees and charges associated with using easyMarkets India. It is important to understand these fees and charges before engaging in any trading activities.

• The first fee to consider is the commission fee. This is a fee charged for each trade that is placed on the platform. The commission fee is calculated as a percentage of the total value of the trade. The commission fee is typically between 0.1% and 0.5% of the total value of the trade.
• The second fee to consider is the spread fee. This is the difference between the bid and ask prices of a financial instrument. The spread fee is typically between 0.1 and 0.5 pips. This fee is charged for each trade that is placed on the platform.
• The third fee to consider is the overnight fee. This is a fee charged for holding a position overnight. The overnight fee is typically between 0.1 and 0.5 pips. This fee is charged for each trade that is held overnight.
• The fourth fee to consider is the inactivity fee. This is a fee charged for not trading on the platform for a certain period of time. The inactivity fee is typically between $10 and $50 per month.
• Finally, the fifth fee to consider is the withdrawal fee. This is a fee charged for withdrawing funds from the platform. The withdrawal fee is typically between $10 and $50 per withdrawal.

It is important to understand the fees and charges associated with using easyMarkets India before engaging in any trading activities. By understanding these fees and charges, traders can make informed decisions about their trading activities and ensure that they are not overpaying for their trades.

easyMarkets Payment Methods Available in India

EasyMarkets Withdrawal Options

• Credit and Debit Cards: Traders can use their Visa and MasterCard for withdrawals. This is one of the most commonly used methods due to its convenience. The process usually takes between 3 to 5 business days.
• Bank Wire Transfer: This method allows traders to directly transfer their funds to their bank accounts. This may take up to 5-7 business days, depending on the bank’s processing times.
• e-Wallets: easyMarkets also supports various e-wallets like Skrill, Neteller, and Webmoney, giving traders a variety of options to choose from. Typically processed within 24-48 hours, making them the quickest option.

It’s important for traders to verify these details on the easyMarkets platform or contact customer service for the most current information as these details can change. The easyMarkets minimum withdrawal amount varies on the method used. Furthermore, traders should also be aware that there might be fees associated with withdrawing funds.

Education & Customer Support

EasyMarkets India has established itself as a reliable and trusted provider of trading services, offering a comprehensive range of products and services to meet the needs of traders of all levels.

EasyMarkets India offers a range of educational resources to help traders learn the basics of trading and develop their skills. These resources include a comprehensive library of educational materials, such as tutorials, webinars, and e-books. The company also provides a range of trading tools and indicators to help traders make informed decisions. Additionally, the company offers a range of trading courses and seminars to help traders gain a better understanding of the markets and develop their trading strategies.

EasyMarkets India also provides a range of customer support services to ensure that traders have access to the help they need. The company offers a 24/7 customer service team that is available to answer any questions or concerns that traders may have. Additionally, the company provides a range of online resources, such as FAQs, tutorials, and live chat support, to help traders find the answers they need quickly and easily.

Pros and Cons of easyMarkets India

Pros

• EasyMarkets Forex Broker India offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market conditions.
• EasyMarkets India provides a user-friendly trading platform that is easy to use and navigate. The platform is also available in multiple languages, making it accessible to traders from all over the world.
• EasyMarkets Forex Broker India offers competitive spreads and low commissions, making it an attractive option for traders looking to maximize their profits.
• EasyMarkets India provides a range of educational resources, including webinars, tutorials, and e-books, to help traders learn the basics of trading and develop their skills.
• EasyMarkets India offers a variety of account types, including demo accounts, which allow traders to practice trading without risking real money.

Cons

• EasyMarkets India does not offer a wide range of trading tools and features, which may limit the ability of experienced traders to take advantage of more advanced strategies.
• EasyMarkets broker India does not offer a wide range of payment methods, which may be inconvenient for traders who prefer to use alternative payment methods.
• The broker does not offer a wide range of customer support options, which may be inconvenient for traders who need assistance with their trading.
• EasyMarkets Forex India does not offer a wide range of bonuses and promotions, which may be inconvenient for traders who are looking to maximize their profits.

Is easyMarkets Legal in India?

Yes, EasyMarkets is a legal Forex broker in India. EasyMarkets is a regulated broker, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). It is also a member of the Investor Compensation Fund (ICF) and the Financial Ombudsman Service (FOS).

easyMarkets India Review – Conclusion

Overall, easyMarkets India is a great choice for traders looking for a reliable and secure trading platform. It offers a wide range of features and tools to help traders make informed decisions and maximize their profits. The platform is easy to use and provides a great customer service experience. With its competitive spreads, low fees, and wide range of trading instruments, easyMarkets India is a great choice for traders of all levels.

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