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Our verdict on easyMarkets
easyMarkets ranks last of the 32 ASIC-regulated brokers tested here, on a score of 32 out of 100, and it is not a recommendation for a cost-sensitive trader. The broker holds AFSL 246566 and keeps a narrow use case: fixed spreads and free dealCancellation suit cautious beginners who value predictability over price. Trading costs rate lowest of the six categories, and that drives the overall number.
What easyMarkets does is still distinctive. Spreads on the proprietary Web and App platform, TradingView and MT4 are fixed rather than variable, with MT5 alone running floating spreads per the Australian PDS, and every account carries free dealCancellation, which reverses a losing trade within 60 minutes for a small premium paid up front. The cost of that predictability is real: EUR/USD is fixed at 0.6 pips and AUD/USD at 1.0 pips with no commission, well above the raw pricing at IC Markets, Pepperstone or Fusion Markets. For a beginner placing one or two trades a week the fixed number is a comfort, and an active trader overpays on every position.
Pros
- ASIC AFSL 246566 current since 26 March 2004, plus three further licences including CySEC
- Fixed spreads at 0.6 pips on EUR/USD and 1.0 pips on AUD/USD, commission-free, on three of the four platforms
- Free dealCancellation reverses a losing trade within 60 minutes, which no other Australian broker offers
- 200+ instruments across seven asset classes, including retail vanilla forex options
- Four platform routes: the proprietary Web and App build, MT4, MT5 and native TradingView
Cons
- Ranks 32nd of 32 on the 2026 scoring, with trading costs rating lowest of the six categories
- Fixed spreads run wider than the raw accounts at IC Markets, Pepperstone and Fusion Markets
- US$25 per quarter inactivity fee after three months, the most aggressive window in this coverage
- No commission-based raw tier for active traders, on any platform
- Guaranteed stop-loss orders and dealCancellation run on the proprietary platform only
easyMarkets score breakdown
1.5/5 · Low
The overall CFB Score comes from the full methodology, more than 100 data points per broker. The category ratings summarise each area and do not reconcile by simple average.
How is our rating calculated?easyMarkets at a glance: 17 key facts
easyMarkets Pty Ltd holds ASIC AFSL 246566, current since 26 March 2004, on four platforms and a A$200 minimum deposit. The 17 key facts in the table below cover the entity, three further regulators and the fee schedule.
| Item | Detail |
|---|---|
| Australian regulator | ASIC, AFSL 246566, current since 26 March 2004 |
| Australian entity | easyMarkets Pty Ltd (ACN 107 184 510) |
| Other regulators | CySEC (Cyprus, Tier 1), BVI FSC (offshore), FSA Seychelles (offshore) |
| Year founded | 2001, Cyprus (as easyForex); rebranded easyMarkets 2016 |
| Headquarters | Limassol, Cyprus; AU office in Sydney |
| Trading platforms | easyMarkets Web/App (proprietary), MT4, MT5, TradingView |
| Account types | Standard (fixed on Web/App, TradingView and MT4; floating on MT5), Pro (tighter MetaTrader spreads, higher minimum) |
| Minimum deposit | A$200 |
| Maximum retail leverage | 30:1 (forex majors), ASIC-capped |
| Spreads from (EUR/USD) | 0.6 pips fixed, commission-free (published schedule, 17 July 2026) |
| Spreads from (AUD/USD) | 1.0 pips fixed |
| Funding methods (AU) | Visa, Mastercard, BPAY, bank transfer, Skrill, Neteller, crypto (USDT, USDC) |
| Inactivity fee | US$25 per quarter after 3 months |
| Negative balance protection | Yes (mandatory under ASIC) |
| AFCA member | Yes |
| Demo account | Free, unlimited |
| Customer support | 24/5 multilingual phone and email; live chat limited hours; Personal Account Manager included |
Two rows in that table carry the whole case for this broker, and one carries the whole case against it.
easyMarkets fixed spreads on EUR/USD and AUD/USD
easyMarkets fixed spreads hold EUR/USD at 0.6 pips and AUD/USD at 1.0 pips with no commission, across the proprietary Web and App platform, TradingView and MT4. MT5 alone runs floating spreads under the Australian PDS.
Fixed pricing is the clearest gap between this broker and the rest of the Australian shortlist. 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.
| Pair | easyMarkets fixed spread | AU variable Standard avg | Pepperstone Razor (incl. comm.) |
|---|---|---|---|
| EUR/USD | 0.6 pips | 1.1 pips | 0.55 pips |
| AUD/USD | 1.0 pips | 1.3 pips | 0.55 pips |
| GBP/USD | 1.0 pips | 1.4 pips | 0.65 pips |
| USD/JPY | 1.0 pips | 1.4 pips | 0.55 pips |
| EUR/GBP | 1.0 pips | 1.4 pips | 0.75 pips |
| EUR/JPY | 1.5 pips | 1.9 pips | 0.85 pips |
| AUD/JPY | 2.0 pips | 2.1 pips | 0.90 pips |
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.
The short version: easyMarkets undercuts the typical variable-spread standard account on every major above, and an active trader on a raw commission account at Pepperstone or IC Markets still pays noticeably less. Both Australian fixed spread brokers are compared in that guide, and easyMarkets sits equal 11th of 21 standard accounts in the lowest spread brokers in Australia test.
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 explained
easyMarkets dealCancellation explained in one line: it reverses a losing trade within 60 minutes of opening, for a small premium paid up front, and no other Australian broker offers it.
The pricing mechanism is straightforward. The premium is charged when the position opens, with the fee varying by instrument, position size and time-of-day liquidity. Cancelling within the hour closes a losing position at the entry price as though it had never happened. The premium stays low because profitable trades cannot be cancelled.
The dealCancellation product is a training wheel rather than a substitute for risk management. A mis-sized account position, a missed news release or a wrong call on entry walks back inside an hour without taking the loss.
That risk product is the single most useful retail-focused feature on any Australian broker in this coverage, and it is a large part of why easyMarkets holds a place on the best forex brokers for beginners list despite ranking last overall. Guaranteed stop-loss orders sit alongside on the same platform, and neither reaches TradingView, MT4 or MT5.
easyMarkets trading platforms
easyMarkets trading platforms number four: the proprietary Web and App build, MT4, MT5 and native TradingView. Fixed pricing applies on three of the four, with MT5 running floating spreads.
easyMarkets Web and App (proprietary)
The flagship platform runs in any browser with no install and shares its build with the mobile app. The platform carries one-click trading with a fixed spread display, guaranteed stop-loss orders on every position, the dealCancellation toggle on the order ticket, vanilla forex options trading, embedded Trading Central research, sentiment indicators and an economic calendar.
That platform trades MetaTrader depth for clarity, and it is the easier on-ramp for a trader new to forex who does not want to spend a weekend learning MT5.
MetaTrader 4 and MetaTrader 5
MT4 keeps the fixed pricing model per the Australian PDS dated 9 March 2025, and supports the standard product range, though dealCancellation, guaranteed stops and vanilla options are all proprietary-platform only. MT5 is the one platform running floating rather than fixed spreads, and it carries no dealCancellation either, which makes it the odd platform out on a fixed-spread broker.
TradingView
easyMarkets is one of a small group of Australian brokers offering native TradingView trading, connecting a TradingView account and executing inside the interface while keeping the fixed pricing. The Pepperstone, OANDA, Eightcap and Vantage platforms also offer that integration.
Is easyMarkets safe? ASIC AFSL 246566
easyMarkets Pty Ltd holds ASIC AFSL 246566, current since 26 March 2004, which is one of the longer unbroken Australian licences in this coverage.
ASIC regulation and global licences
easyMarkets Pty Ltd holds AFSL 246566 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 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. An Australian client opening through the Australian site contracts with easyMarkets Pty Ltd under ASIC rather than with either offshore arm.
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.
History and ownership
easyMarkets was founded in 2001 in Cyprus as easyForex, predating 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.
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 carrying 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 sits behind that with an A$150,000 cap, and it excludes CFD trading losses, so it covers unpaid awards for misconduct rather than losing trades. 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 it goes when the classification does.
Public reviews
easyMarkets holds a Trustpilot rating of 4.2 out of 5 from 1,892 reviews, which Trustpilot labels great, captured August 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 dealCancellation working as advertised, 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.
What other review sites say
easyMarkets' iOS app rates 4.65 out of 5 from 406 ratings on the Australian App Store (August 2026), listed as easyMarkets Online Trading.
TradingView users rate easyMarkets 4.9 out of 5 from 4,879 ratings (August 2026). 20.7K TradingView users have connected a easyMarkets account. TradingView named easyMarkets its Broker of the Year 2024.
easyMarkets account types and minimum deposit
easyMarkets account types number three, and the minimum deposit is A$200 on the Standard account, which is the only retail tier most clients will use.
| Account | Pricing | Min deposit | Best for |
|---|---|---|---|
| Standard | Fixed spreads on Web/App, TradingView and MT4; floating on MT5; no commission | A$200 | Beginners and casual traders |
| Pro | Tighter MetaTrader spreads, no commission | Higher | Larger retail balances |
| Professional | Bespoke terms | Varies | Wholesale clients only |
The Pro tier drops the MetaTrader spreads further on a meaningfully higher minimum deposit. Pro is a MetaTrader spread tier rather than a separate client classification, and its spreads float rather than fix, so it is not the fixed-spread product the brand is built on.
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. 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
The A$200 minimum deposit is accessible without being the lowest available. CMC Markets, Pepperstone and IG Markets all start at A$0, and Plus500 starts at A$100, though each realistically needs a couple of hundred dollars to size a position. The fixed-spread model means a small balance takes a real position without margin gymnastics. The unlimited demo account, covered in the best demo trading accounts comparison, is the sensible first step.
easyMarkets funding methods and withdrawal times
easyMarkets funding methods number five, all at A$0, from instant card payments to bank transfer in one to two business days, with crypto settling on network confirmation.
Deposit methods (AU clients)
| Method | Fee | Speed |
|---|---|---|
| Visa / Mastercard | A$0 | Instant |
| BPAY | A$0 | Next business day |
| Bank wire (EFT) | A$0 | 1 to 2 business days |
| Skrill / Neteller | A$0 | Instant |
| Crypto (USDT ERC-20/TRC-20, USDC on Solana) | A$0 | On network confirmation |
The crypto funding rail is the unusual entry, and few ASIC-regulated brokers offer it. The funding menu omits PayID, which is the notable gap for an Australian client used to that rail.
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. The withdrawal times run one to three business days on a card refund, one to two on a bank transfer, and same day on Skrill and Neteller.
Account opening
Account opening runs fully online and AUSTRAC-compliant, taking one photo identity document and one proof of address, and most Australian applications clear within 24 hours.
easyMarkets markets and instrument counts
easyMarkets markets and instrument counts run to more than 200 instruments across seven asset classes, currency-led, with the other classes present rather than deep.
| Asset class | Count | Note |
|---|---|---|
| Forex | Major, minor and exotic pairs | 6 AUD crosses (AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD, AUD/CHF, AUD/SGD) |
| Vanilla forex options | Major currency pairs | Puts and calls, proprietary platform and app only |
| Indices | All major global | ASX 200, S&P/ASX SPI 200, S&P 500, NASDAQ, FTSE 100, DAX, Nikkei |
| Commodities | Metals, energy, softs | Gold, silver, WTI and Brent crude, natural gas, softs |
| Share CFDs | Selected names | ASX, NYSE, NASDAQ and LSE |
| Cryptocurrencies | BTC, ETH, a handful of alts | CFDs only, 2:1 retail cap |
| ETFs | Limited selection | ETF CFDs |
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. 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. 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.
Retail access to real forex options is rare under ASIC. 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. 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. The available routes for a trader arriving from US options trading and wanting the same toolkit under ASIC oversight are very few, and this is one.
easyMarkets leverage and margin under ASIC rules
easyMarkets leverage and margin operate under a maximum retail leverage of 30:1 on major forex pairs, 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. The caps come from a product intervention order extended to 23 May 2027, so they apply 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. The Professional classification reaches 2000:1 on forex through the MetaTrader builds under a Dynamic leverage model, for clients passing the Corporations Act tests.
Retail margin close-out sits at 50%. 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.
Phone lines open Sunday 5 PM AEST and close Friday 5 PM AEST, staying shut across the weekend. 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. The Personal Account Manager on every account rather than on a high-balance tier is unusual in this field and it fits the beginner audience.
The language range covers English, Mandarin, Arabic, Spanish, Italian, Polish, German, French, Russian, Japanese, Korean and Vietnamese. Twelve languages is the widest coverage in this coverage. 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.
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, and easyMarkets bundles it free where 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, with less depth than Pepperstone Insights or the CMC Markets stack and more accessibility than either.
How easyMarkets compares to Trade Nation on fixed spreads
easyMarkets fixes EUR/USD at 0.6 pips against 0.5 pips at Trade Nation, and AUD/USD at 1.0 pips against 0.4 pips. How easyMarkets compares to Trade Nation on fixed spreads is a loss on both majors and a win on product range.
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.
The dealCancellation product, the retail vanilla forex options and the licence record dating to 2004 are what easyMarkets holds and Trade Nation does not. Those three are the whole case, and for a cautious beginner the first two carry real weight.
| If you value… | Consider |
|---|---|
| Tighter forex spreads on volume | Pepperstone or IC Markets |
| Same fixed-spread predictability, priced tighter | Trade Nation |
| Beginner-focused proprietary platform | Plus500 |
| Same low minimum deposit | Mitrade |
| Broader CFD product range | CMC Markets or IG Markets |
| Copy trading | eToro |
Should you open an easyMarkets account?
easyMarkets suits cautious beginners who want fixed spreads at 0.6 pips on EUR/USD and dealCancellation on every trade. Active traders filtering on cost are served better elsewhere than by an easyMarkets account, and the overall ranking says so.
Two groups of trader gain clear value from an easyMarkets account. The risk toolkit reaches dealCancellation and guaranteed stops, a combination no other Australian broker offers at all. The options range is one of only two ASIC-regulated routes to retail vanilla forex options in existence.
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.
easyMarkets ranks 32nd of 32 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.
Advertiser disclosure: commercial arrangements on this page are set out in full.
FAQs
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About the author
Justin co-founded CompareForexBrokers in 2014 and has traded forex since 1998. Based in Melbourne, he has tested every ASIC-regulated broker on this site personally and has written for Forbes, Kiplinger, Finance Magnates, the Australian Financial Review and The Age. He holds a Bachelor of Commerce (Honours) and a Master of Marketing from Monash University. Justin is the co-founder and CEO of CompareForexBrokers.