easyMarkets Review Australia 2026

Is easyMarkets safe? ASIC AFSL 246566

easyMarkets Pty Ltd holds ASIC AFSL 246566, status current since 26 March 2004, which is one of the longer unbroken Australian licences in this coverage. That inspires confidence.

ASIC regulation and global licences

AFSL 246566 belongs to easyMarkets Pty Ltd with the Australian Securities and Investments Commission. The licence register lists Easy Forex Pty Ltd as the former name on the same entry, and no material ASIC enforcement action or imposed condition appears in the last 36 months. The register check came back clean, which I’d take as a strong trust signal.

The licence stack holds three further entries:

• CySEC, Cyprus (Tier 1)
• BVI Financial Services Commission (offshore, non-EU and non-AU clients)
• FSA Seychelles (offshore)

The offshore entities serve international clients and do not apply to Australian retail traders. If you open through the Australian site, you contract with easyMarkets Pty Ltd under ASIC, not with either offshore arm. That’s the entity you want.

That 2004 licence date is worth weighting against the overall ranking. This broker rates last on the 2026 scoring for cost and platform reasons, and the trust category is not where it loses; I’d rather have a safe broker with high costs than the reverse.

History and ownership

Founded in 2001 in Cyprus as easyForex, easyMarkets predates most of the Australian broker shortlist, and rebranded in 2016 as the product range grew beyond forex into indices, commodities, share CFDs, crypto CFDs and vanilla forex options. The parent company remains privately held. That long history is reassuring.

Before depositing, confirm easyMarkets holds AFSL 246566 using the site's guide to checking a broker on ASIC's register.

easyMarkets client money protection and AFCA membership

easyMarkets client money protection runs through segregated accounts at an Approved Australian Bank, with mandatory negative balance protection and AFCA membership.

Your money is ring-fenced as you’d expect from an ASIC broker, and AFCA membership carries disputes at no cost to the client.

Client money accounts sit separate from company funds. AFCA hears claims up to A$1,263,000 and awards compensation up to A$631,500. The Compensation Scheme of Last Resort pays up to A$150,000 for personal advice, securities dealing and credit, but it excludes forex and derivatives trading, CFDs included, so it offers nothing for this broker’s trading service. The retail standard is set out in the guide to CFD negative balance protection.

One account carve-out matters before the Professional tier looks attractive. Professional clients trade with the ASIC retail protections waived, and negative balance protection is one of those protections, so you’d lose that safety net if you upgrade.

Public reviews

easyMarkets holds a Trustpilot rating of 4.3 out of 5 from 1,924 reviews, which Trustpilot labels excellent, captured September 2026. The profile has been claimed by the broker since August 2016.

The public rating panels carry the third-party scores for this broker. Recurring platform praise covers easy onboarding and the low minimum deposit. Recurring complaints cover the spreads running wider than the raw competitors, and the inactivity fee surprising clients who did not read the PDS. I read the same pattern in the feedback.

What other review sites say

easyMarkets' iOS app rates 4.65 out of 5 from 407 ratings on the Australian App Store (September 2026), listed as easyMarkets Online Trading.

TradingView users rate easyMarkets 4.8 out of 5 from 4,949 ratings (September 2026). 21.4K TradingView users have connected a easyMarkets account. TradingView named easyMarkets its Customer Support Excellence winner 2025 and its Broker of the Year 2024.

App Store AU

4.65

407 ratingsSeptember 2026

TradingView

4.8

4,949 ratings21.4K Traders via TradingViewSeptember 2026View on TradingView

easyMarkets at a glance: 17 key facts

easyMarkets Pty Ltd holds ASIC AFSL 246566, current since 26 March 2004. The 17 key facts below cover the entity, three further regulators and the fee schedule.

You can trade on four platforms with a A$200 minimum deposit.

Two rows in that table carry the whole case for this broker, and one carries the whole case against it. I’ll point them out.

easyMarkets fixed spreads on EUR/USD and AUD/USD

easyMarkets fixed spreads on EUR/USD and AUD/USD are 0.6 pips and 1.2 pips respectively, with no commission.

GBP/USD is fixed at 1.0 pips. This pricing runs on the proprietary Web and App platform and on TradingView. MT4 and MT5 both use floating spreads, so two of the four platform routes carry the fixed offering.

Fixed pricing is the clearest gap between this broker and the rest of the Australian shortlist, and while I like that certainty, it comes at a price for you. Every other ASIC-regulated broker in this coverage except Trade Nation prices forex on a variable spread model, where EUR/USD might quote 0.1 pips at London peak liquidity and 1.8 pips at the Sunday open. easyMarkets quotes one number and holds it.

The ASIC entity publishes no per-pair schedule of its own, so those figures come from the easyMarkets published international pricing table that the Australian pages link to, captured 17 July 2026.

Short version: easyMarkets undercuts the typical variable-spread standard account on most majors, but AUD/USD at 1.2 pips fixed against an Australian variable standard average of 1.3 pips is a slim margin. An active trader on a raw commission account still pays less. Our fixed spread brokers guide covers the alternatives, and our lowest spread brokers test, where easyMarkets sits equal 10th of 19 standard accounts, is based on Noam Korbl’s spread capture programme. I believe the marginal fixed spread on AUD/USD offers no real edge for a cost-conscious trader when raw accounts are cheaper and the standard account only matches the average elsewhere.

Other fees AU traders should check

• Overnight swap applies on positions held past 5 PM New York time, direction-dependent.
• The inactivity fee runs US$25 per quarter after three months without activity, against US$10 a month at Plus500 and a 12-month wait at CMC Markets.
• Currency conversion applies to any instrument denominated outside the account base currency.
• Withdrawals cost A$0 on most methods, including bank transfer and card refunds.

easyMarkets dealCancellation has been discontinued

easyMarkets dealCancellation is no longer available. The broker discontinued the tool that let traders reverse a losing CFD trade within 60 minutes of opening.

The feature has been removed from the platform. It closed the position at your entry price, for a premium paid up front.

I will say this plainly: losing it costs the broker something real. No other Australian broker in this coverage offered anything that reversed a losing trade after you had opened it. For a beginner, that took one class of mistake off the table. It was a genuine point of difference, and its removal leaves a gap in the risk toolkit that the remaining features do not fill in quite the same way.

What you can use instead starts with the guaranteed stop-loss orders on the Web and App platform, which hold your exit price through a gap and cap your loss at the level you set. The second tool is easyTrade, a vanilla-options product on which you set your maximum loss as the premium before the trade opens, choose how long the trade runs and choose whether the rate goes up or down. The distinction matters: dealCancellation was a reversal after you had entered a CFD trade. easyTrade is a cap chosen before entry on a different instrument. Neither is the same thing. I’d point a beginner toward the guaranteed stop-loss every time, simply because it protects the trade you are already in without requiring a separate product.

easyMarkets funding methods and withdrawal times

easyMarkets funding methods include nine deposit methods on the Australian screen, all free, among them PayID, card, BPAY, bank wire and crypto.

Card deposits land instantly, BPAY and bank wire arrive next business day, and crypto settles on network confirmation. PayID’s speed is not published.

Deposit methods (AU clients)

PayID and BPAY are both on the Australian menu, which is the pair an Australian client looks for. The crypto rail runs to five network choices: USDT on Ethereum, BNB and Tron, and USDC on BNB and Solana. Few ASIC-regulated brokers offer crypto funding at all. Noam saw all nine methods on the deposit screen of the live account he funded on 17 August 2026, and I consider the coverage strong. In a live chat on 10 September 2026, easyMarkets support confirmed that Skrill and Neteller are not available to Australian clients. Any trader who funds other brokers via an ewallet must therefore use card, bank transfer, PayID, BPAY or crypto when depositing here.

Withdrawals

Withdrawals cost A$0 on most methods and must use the same method as the deposit wherever available, under AUSTRAC anti-money-laundering compliance, which is standard for the industry.

Account opening

The application runs fully online and is AUSTRAC-compliant. Identity is checked electronically against the document issuer or official record holder, with passport or driving licence as the options, and no document upload was needed. Noam’s application went from welcome email to full verification in 30 minutes on 17 August 2026. Australian clients must also pass the Financial Wellness Assessment before they can trade.

easyMarkets account types and minimum deposit

easyMarkets offers three account types, and the minimum deposit is A$200 on the Standard account.

Standard is the only retail tier most clients will use and the one that suits a new trader best. A$200 is the minimum on easyMarkets’ own Australian account pages, and Noam Korbl’s A$200 card deposit was accepted and credited in full.

The Pro tier is a MetaTrader spread tier, not a separate client classification, and it opens at the same A$200 minimum as Standard. Its spreads float rather than fix, starting from 0.6 pips on EUR/USD, so it is not the fixed-spread product the brand is built on. If you came for the fixed pricing, I would keep you on the Standard account and on the Web and App platform or TradingView.

Professional account

The Professional account is restricted to clients passing the Corporations Act wholesale tests under s761G(7) and s708(8), broadly more than A$2.5 million in net assets or more than A$250,000 gross income for two consecutive years, certified by an accountant, so unless you meet those tests, this account is out of reach. Professional clients trade with the retail protections waived, in return for forex leverage to 2000:1 on the MetaTrader builds under a Dynamic leverage model, rebates, lower margin requirements and a dedicated account manager.

Minimum deposit

A$200 minimum deposit is accessible without being the lowest available. CMC Markets and Pepperstone start at A$0, while IG Markets and Plus500 start at A$100 by card, and each realistically needs a couple of hundred dollars to size a position. easyMarkets has a published minimum of A$200 on its Standard and Pro accounts, so plan around that amount. The fixed-spread model means a small balance takes a real position without margin gymnastics. An unlimited demo account in the best demo trading accounts comparison is the sensible first step. I’d open a demo before funding.

Opening and funding an easyMarkets account in Australia: what we were asked

easyMarkets account opening on Monday 17 August 2026 asked for an email address and phone number, or a Google or Facebook account.

Noam Korbl opened, verified and funded a live easyMarkets Australian account, with Australian dollars as the base currency, on the proprietary Web and App platform. After registering you confirm your country of residence and land in the web platform while setup and verification are still unfinished.

The account details stage asks for your address, date of birth and account currency. Passport and driving licence are the identity options, and the form asks consent to check the details with the document issuer or official record holder. The ID field is optional at that point and the step can be skipped temporarily. A regulatory questionnaire covers financial profile, employment, occupation, annual income, net worth, US tax status, and trading knowledge and experience. Australian clients must then pass the Financial Wellness Assessment before they can trade. The interface states: 10 questions across 4 knowledge areas, at least 8 of the 10 correct to pass, 2 attempts, and trading is blocked after 2 failed attempts. A second assessment screen ran to 13 questions on how much you are prepared to risk and why you want to trade CFDs.

The weak point came part-way through: the only available action on screen was “Skip for now”. Noam had to take it to exit the flow and then re-enter verification to carry on. The trading platform was reachable in the background the whole time, with trading blocked until verification finished. This is a fragmented hand-off against the single-flow onboarding at some competitors.

Once the identity step was actually reached it was fast: electronic verification, continued on a phone or tablet by QR code or by copying a link. Welcome email arrived at 13:56, full verification confirmed at 14:26, 30 minutes end to end. Funding was straightforward: the deposit area funds the Web and App platform directly and showed nine methods. The card form takes a custom Australian dollar amount and confirms the account-holder name should match. Noam deposited A$200 by card and easyMarkets returned a successful confirmation for the full amount. The money landed immediately, balance and equity both read A$200.00 with no pending stage and no separate internal transfer. Overall, the process is fast once you are in the identity step, clunky in the middle, and simple to fund.

easyMarkets trading platforms

easyMarkets offers four trading platforms: the proprietary Web and App build, MetaTrader 4, MetaTrader 5 and native TradingView.

Fixed pricing runs on the Web and App platform and on TradingView. MT4 and MT5 both run floating spreads, so the fixed product does not reach the MetaTrader pair.

easyMarkets Web and App (proprietary)

The flagship platform runs in any browser with no install and shares its build with the mobile app. You get one-click trading with a fixed spread display, guaranteed stop-loss orders on every position, easyTrade, vanilla forex options trading, embedded Trading Central research, sentiment indicators and an economic calendar. It is a lot packed in.

That platform trades MetaTrader depth for clarity, and it is the easier on-ramp for a trader new to forex who doesn’t want to spend a weekend learning MT5. I’d start a beginner here.

MetaTrader 4 and MetaTrader 5

MT4 and MT5 both run floating spreads rather than the fixed pricing the brand is built on, per easyMarkets’ own Australian platform pages. Standard tier on MT4 quotes EUR/USD from 1.1 pips floating, and the MT4 Pro spread tier starts at 0.6 pips floating, both commission-free. Guaranteed stop-loss orders, vanilla forex options and easyTrade are all Web and App platform exclusives and do not reach either MetaTrader build. If you came for the fixed spreads, I would not choose the MetaTrader pair here. For more on the platform, see our MetaTrader 5 guide.

TradingView

Among Australian brokers offering native TradingView trading, easyMarkets belongs to a small group, connecting a TradingView account and executing inside the interface while keeping the fixed pricing. Pepperstone, OANDA, Eightcap and Vantage also offer that integration. For you as a TradingView user, this is a smooth path.

easyMarkets markets and instrument counts

easyMarkets instrument counts run to more than 200 instruments across seven asset classes, a currency-led lineup that is fine for forex traders.

The other classes are present rather than deep and therefore not suited to those wanting a broad equities range.

Share CFDs are the weak row and the one to weigh where equities are part of the reason for opening the account, because the range runs narrower than CMC Markets, IG Markets or Interactive Brokers, and I’d look elsewhere if shares are your focus. The share CFD class is compared in the guide to share CFDs.

The commodity range trades gold as XAU/USD on the same fixed spread model as forex, alongside silver, the crude contracts, natural gas and the agricultural softs, which means predictable trading costs on gold for you. The fixed quote is the point, because a variable spread widens most around scheduled data and easyMarkets holds one number through it.

easyMarkets vanilla forex options

easyMarkets vanilla forex options let retail clients buy puts and calls on the major currency pairs, with risk capped at the premium paid, through the proprietary platform and mobile app only, so you can’t trade them on MT4.

Retail access to real forex options is rare under ASIC, and it is a niche worth exploring. The AvaTrade range is the only other in this coverage offering the class, and both price it through a proprietary platform rather than through MetaTrader.

The option structure matters for a cautious trader, which is the audience this broker targets, and I think it is a powerful tool for risk-averse traders. A bought option caps the maximum loss at the premium at the moment of entry, without a stop-loss order, a margin calculation or a gapping risk. That risk profile differs from a margined CFD position and is a genuinely useful one.

MT4 and MT5 carry no options here, and the available routes for a trader arriving from US options trading and wanting the same toolkit under ASIC oversight are very few, which makes easyMarkets worth a look if you are that trader.

easyMarkets leverage and margin under ASIC rules

easyMarkets leverage and margin operate under a maximum retail leverage of 30:1 on major forex pairs, covering you with the same ASIC limits as everywhere else, and the fixed spread model changes nothing about the caps.

ASIC caps retail CFD leverage at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets, a law you can’t get around that comes from a product intervention order extended to 23 May 2027 and applies at every ASIC broker rather than at easyMarkets alone.

The single retail account carries those caps in full, with margin requirements per instrument following the standard tiers, while the Professional classification, for clients passing the Corporations Act tests, reaches 2000:1 on forex through the MetaTrader builds under a Dynamic leverage model where the leverage jumps dramatically.

Retail margin close-out sits at 50%, a figure you should know before you trade: ASIC requires every CFD issuer to close a retail client’s positions once account equity falls below half the total initial margin on all open positions, positions cannot be netted against each other to reduce that figure, and a gapping market can close a position below the 50% level. The mechanics are set out in how leverage affects CFD positions.

easyMarkets customer support

easyMarkets customer support runs 24 hours a day, five days a week on multilingual phone and email, with live chat on limited hours and a Personal Account Manager on every account, a setup I would call solid.

Phone lines open Sunday 5 PM AEST and close Friday 5 PM AEST, staying shut across the weekend, which means no support is available if you trade weekends. Live chat runs Monday to Thursday 08:00 to 21:00 and Friday 08:00 to 24:00, which is narrower than the phone window. WeChat support is also available.

Live chat replied in under 90 seconds during Australian business hours in testing, and the Personal Account Manager on every account rather than on a high-balance tier is a thoughtful touch that is unusual in this field and fits the beginner audience.

The language range covers English, Mandarin, Arabic, Spanish, Italian, Polish, German, French, Russian, Japanese, Korean and Vietnamese, the widest coverage in this coverage and a strong point for multilingual traders. The weekend closure is the main service negative, matching CMC Markets and trailing the 24/7 desks at Pepperstone and Plus500.

easyMarkets research, tools and education

easyMarkets research, tools and education run to eight components split between a beginner education library and an in-platform research stack led by a free Trading Central feed, a combination I see as a solid foundation for learning.

Education content

• Beginner forex course covering majors, leverage, position sizing and risk
• Video library on fundamental and technical analysis
• Glossary of trading terms
• Strategy guides aimed at the proprietary platform and app

Market research

• Trading Central technical research feed, free to every client
• Daily market commentary
• Economic calendar with impact ratings
• Sentiment data on major instruments

Trading Central is the main draw: it is a respected third-party research provider that easyMarkets bundles free, so you get professional-grade research without paying extra, while several competitors ringfence it for higher account tiers or volume thresholds.

The education content is solid for beginners, which fits the audience this broker is built for. It has less depth than Pepperstone Insights or the CMC Markets stack and more accessibility than either, so I’d say it’s a good starting point.

How easyMarkets compares to Trade Nation on fixed spreads

easyMarkets compares to Trade Nation on fixed spreads with the cost advantage tilting toward Trade Nation, as easyMarkets fixes EUR/USD at 0.6 pips against 0.5 pips and AUD/USD at 1.2 pips against 0.4 pips.

Trade Nation is therefore tighter on both majors. However, easyMarkets wins on product range, giving it an edge for traders who want a wider selection of instruments.

The Trade Nation account prices tighter on both pairs above and opens at A$0 against A$200 here, charging no inactivity fee where this broker charges US$25 a quarter after three months, which I would call a clear cost advantage for Trade Nation.

Three features easyMarkets holds and Trade Nation does not are the retail vanilla forex options, easyTrade on the proprietary platform and the licence record dating to 2004. For a cautious beginner the first two carry real weight, and I think they are enough to tip the balance if you value those features.

Should you open an easyMarkets account?

The case for an easyMarkets account rests on fixed spreads at 0.6 pips on EUR/USD and guaranteed stop-loss orders on the proprietary platform, which suit cautious beginners who value predictability. Active traders filtering on cost are served better elsewhere, and the overall ranking says so.

Two groups of trader gain clear value from an easyMarkets account, and I find both features compelling. The guaranteed stop-loss orders sit on the Web and App platform and cap your loss at the price you set, while easyTrade lets you fix your maximum loss as the premium before you enter a trade. The retail vanilla forex options are one of only two ASIC-regulated routes to the class, the other being AvaTrade. I’d say this route fits a trader who values regulatory safety and wants a simple, capped-risk options product without leaving the easyMarkets environment.

The two groups should look past an easyMarkets account. The fixed spread runs wider than every raw account in this coverage, with no commission tier to move to. The inactivity fee charges US$25 a quarter after just three months. Active or cost-sensitive traders will find better elsewhere.

easyMarkets ranks last among the top forex brokers in Australia on the 2026 scoring. The demo runs fixed spread pricing exactly as live, which is the honest way to test whether predictability is worth the premium, so I’d open a demo first to see if the fixed spreads work for you.