easyMarkets Review
Overall, easyMarkets is considered a low-risk and can be summarised as trustworthy and competitive. easyMarkets is regulated by the top-tier DFSA, FCA, and ASIC. easyMarkets is currently one of the top-rated platforms with a Trust Score of 82% out of 100 with a rating of 9/10.
- Kayla Duvenage
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
Min Deposit
100 USD/101 652 RWF
Regulators
CySEC, ASIC, BVI, FSA
Trading Desk
MetaTrader 4, TradingView
Crypto
No
Total Pairs
275+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
easyMarkets Review – 23 key points quick overview:
- ✅ easyMarkets Overview
- ✅ easyMarkets at a Glance
- ✅ easyMarkets Regulation and Safety of Funds
- easyMarkets Awards and Recognition
- easyMarkets Account Types and Features
- How to open an Account with easyMarkets in Rwanda
- easyMarkets Vs ACY Securities Vs AvaTrade – Broker Comparison
- easyMarkets Trading Platforms
- easyMarkets Range of Markets
- Broker Comparison for Range of Markets
- easyMarkets Trading and Non-Trading Fees
- easyMarkets 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
- Our Verdict on easyMarkets
- easyMarkets Pros and Cons
- FAQ
easyMarkets Overview
👉 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 accepts Rwandan 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.
👉 Founded in 2001, easyMarkets is a European brokerage firm. They have gained a lot of expertise and a solid reputation over that time. Trade over 200+ different trading products in worldwide markets with easyMarkets, a registered online trading broker.
👉 easyMarkets is a market maker since it allows the broker to maintain constant spreads regardless of market volatility. Because easyMarkets does not shut down trades, the trading and non-trading fees are more predictable.
👉 Because of easyMarkets’ set spreads and zero slippage on their online platform, costs can easily be determined before Rwandan traders initiate a transaction. This easyMarkets review for Rwanda 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 – 22.4%
➡️ Israel – 22.1%
➡️ Spain – 10.2%
➡️ China – 6%
➡️ Palestinian Territory – 5.4%
Popularity among traders who choose easyMarkets
🥇 easyMarkets does not occupy a significant market share in Rwanda where derivatives trading is concerned. However, easyMarkets is reputable and well-regulated, offering a range of trading solutions to both Rwandan beginner and professional traders, placing it in the Top 50 brokers for the region.
easyMarkets at a Glance
| 🏙 Headquartered | The British Virgin Islands |
| 🏛 Global Offices | Cyprus, Australia, China |
| 💻 Local Market Regulator in Rwanda | The National Bank of Rwanda (BNR) |
| 💸 Foreign Direct Investment in Rwanda | 99.92 USD Million in 2020 |
| 🔄 Foreign Exchange Reserves in Rwanda | 1,806 million US dollars in 2020 |
| 🏛 Local office in Kigali? | No |
| 👨⚖️ Governor of SEC in Rwanda | None, John Rwangombwa is the Governor of the National Bank of Rwanda |
| ✔️ Accepts Rwandan Traders? | Yes |
| 🗓 Year Founded | 2001 |
| ☎️ Rwandan Traders Office Contact Number | None |
| 📲 Social Media Platforms | • Instagram • YouTube |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA |
| 1️⃣ Tier-1 Licenses | • Australian Securities and Exchange Commission (ASIC) |
| 2️⃣ Tier-2 Licenses | • Cyprus Securities and Exchange Commission (CySEC) |
| 3️⃣ Tier-3 Licenses | • British Virgin Islands Financial Services Commission (BVI FSC) • Financial Services Authority (FSA) Seychelles |
| 🪪 License Number | • British Virgin Islands – SIBA/L/20/1135 • Cyprus – 079/07 • Australia – AFSL 246566 • Seychelles – SD056 |
| ⚖️ BNR 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 | No |
| 💵 Liquidity Providers | None, Market Maker broker |
| 💰 Affiliate Program | Yes |
| ➡️ Order Execution | Market |
| 📊 Starting spread | Fixed, 0.03 USD WTI (OIL) |
| 💸 Minimum Commission per Trade | None |
| 💵 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 70% |
| 🛑 Stop-Out | 30% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots |
| 💰 Crypto trading offered? | Yes |
| ✔️ Offers an RWF Account? | No |
| 👥 Dedicated Rwandan Traders Account Manager? | Yes, a Personal Account Manager is offered |
| 📊 Maximum Leverage | 1:400 |
| 📈 Leverage Restrictions for Rwanda? | No |
| 💵 Minimum Deposit (RWF) | 25,600 RWF or an equivalent to $25 |
| ✔️ Rwandan franc Deposits Allowed? | Yes |
| 📊 Active Rwandan Traders Trader Stats | 50,000+ |
| 👥 Active Rwandan Traders-based easyMarkets customers | Unknown |
| 🔄 Rwanda Daily Forex Turnover | Unknown, the overall trading volume of over $6.6 trillion |
| 💰 Deposit and Withdrawal Options | • Debit Card • Credit Card • AstroPay • Local Bank Transfer • Bpay • Neteller • Skrill • Fasapay • Sticpay • Egyptian Local • Deposits • WebMoney • BitWallet • Perfect Money • Bank Wire Transfer • UnionPay |
| 📉 Minimum Withdrawal Time | Instant |
| 📈 Maximum Estimated Withdrawal Time | Up to 5 Working Days |
| 💰 Instant Deposits and Instant Withdrawals? | Yes |
| 🤝 Segregated Accounts with Rwandan Traders Banks? | No |
| 💻 Trading Platforms | • easyMarkets • Platform • MetaTrader 4 • MetaTrader 5 • TradingView |
| 💵 Tradable Assets | • Forex • Shares • Cryptocurrencies • Precious Metals • Commodities • Indices |
| 💸 Offers USD/RWF currency pair? | No |
| 📊 USD/RWF Average Spread | N/A |
| ✅ Offers Rwandan Traders Stocks and CFDs | No |
| 📖 Languages supported on the Website | Chinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others |
| 📘 Customer Support Languages | Multilingual |
| 🗣 Copy Trading Support | None |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Rwandan Traders-based customer support? | None |
| 💰 Bonuses and Promotions for Rwandan Traders | None |
| 📚 Education for Rwanda beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🏅 Most Successful Rwandan Trader | Unknown |
| ✔️ Is easyMarkets a safe broker for Rwandan Traders? | Yes |
| 🎖 Rating for easyMarkets Rwanda | 9/10 |
| 🥇 Trust score for easyMarkets Rwanda | 82% |
| 👉 Open An Account | 👉 Open Account |
easyMarkets Regulation and Safety of Funds
easyMarkets Regulation in Rwanda
👉 easyMarkets is subject to stringent regulations on a global level but does not yet have regulations through the National Bank of Rwanda.
easyMarkets Global Regulations
👉 easyMarkets is regulated by four authorities namely the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Australian Securities and Investments Commission (ASIC) in Australia, the Seychelles Financial Services Authority (FSA) in Seychelles, and the British Virgin Islands Financial Services Commission in the British Virgin Islands (BVI FSC).
👉 The following summarizes easyMarkets’ regulatory information in detail:
➡️ Easy Forex Trading Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), a Tier-2 market regulator, and operates under CySEC license number 079/07, which has been passported to the European Union according to the MiFID Directive.
➡️ ASIC regulates Easy Markets Pty Ltd, which operates under AFSL number 246566 in Australia.
➡️ The Seychelles Financial Services Authority (FSA) regulates EF Worldwide with license number SD056.
➡️ EF Worldwide is regulated by the Financial Services Commission of the British Virgin Islands (BVI FSC) under license number SIBA/L/20/1135.
easyMarkets Client Fund Security and Safety Features
👉 Rwandan traders will trade via EF Worldwide, a business authorized by the BVI Financial Services Commission. The BVI FSC is not widely recognized as a world-class regulator. However, with easyMarkets, all client assets are housed in separate accounts at the world’s premier financial institutions.
👉 This separation of client funds ensures that they are available primarily to clients and are not used for business operations. Moreover, easyMarkets safeguards traders from negative balances, ensuring that they never lose more than the value of their trading accounts.
👉 In addition, easyMarkets is routinely examined by authorities and uses these opportunities to identify operational risk areas, ensuring the continual improvement of internal processes.
👉 easyMarkets maintains Capital Adequacy to cover all client deposits and operational expenditures as a precaution against unfavourable economic effects on the business or its investment portfolio.
easyMarkets Awards and Recognition
👉 Since the easyMarkets’ inception in 2001, the broker has received several awards and recognitions, the most recent of which are as follows:
➡️ The 2021 presentation of the FxScouts.com award for “The Best Forex Trading Innovation.”
➡️ The distinction of having won the “Best Forex Trading App” award at the Smart Vision Investment Expo in 2021.
➡️ FxScouts.com presented the “Best Forex Trading Innovation” Award to easyMarkets in the year 2020.
easyMarkets Account Types and Features
👉 easyMarkets offers three main account types that are divided between the two trading platforms that are offered namely the proprietary easyMarkets platform and MetaTrader 4. In addition, easyMarkets also offers an Islamic account option and an unlimited demo account.
👉 The trading conditions that Rwandan traders can expect will depend on the trading account that they use and the subsequent trading platform. With easyMarkets, Rwandan traders can choose from these accounts:
➡️ Standard Account Web/App
➡️ Standard Account MT4
➡️ Premium Account Web/App
➡️ Premium Account MT4
➡️ VIP Account Web/App
➡️ VIP Account MT4
| 💻 Live Account | 💰 Minimum Dep. | 📊 Average Spread | 💸 Commissions | 💵 Average Trading Cost |
| ➡️ Standard Web/App | 25,600 RWF/$25 | 1.8 pips | None | 20 USD |
| ➡️ Standard MT4 | 25,600 RWF/$25 | 1.7 pips | None | 19 USD |
| ➡️ Premium Web/App | 2,000,000 RWF or $2,000 | 1.5 pips | None | 15 USD |
| ➡️ Premium MT4 | 2,000,000 RWF or $2,000 | 1.2 pips | None | 14 USD |
| ➡️ VIP Web/App | 10,200,000 RW or $10,000 | 0.8 pips | None | 12 USD |
| ➡️ VIP MT4 | 10,200,000 RW or $10,000 | 0.7 pips | None | 9 USD |
easyMarkets Live Trading Accounts
Standard Account Web/App
👉 The Standard Account is the most popular form of account among Rwandan traders and investors. Rwandans can anticipate the following features and qualities with this account:
| Account Features | Value |
| 💻 Platforms available | 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 | 25,600 RWF (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 |
Premium Account Web/App
👉 The Premium Account introduces more sophisticated solutions and better trading conditions to experienced Rwandan traders. The features that Rwandans can expect from this account type on the easyMarkets web-based platform are as follows:
| Account Features | Value |
| 💻 Platforms available | 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 | 25,600 RWF (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 | No |
| ❌ 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
👉 Several additional benefits experienced Rwandan traders can expect from their Premium MT4 Account, including tighter spreads and higher leverage, in addition to the following:
| Account Features | Value |
| 💻 Platforms available | 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 | 2,000,000 RWF (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
👉 As the name suggests, this is the professional account that easyMarkets offers on its proprietary trading platform and app. With this account, Rwandan traders are given the very best trading conditions at a much high minimum deposit. This account features the following characteristics:
| Account Features | Value |
| 💻 Platforms available | 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 | 10,200,000 RWF (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
👉 Tighter spreads, higher leverage ratios, additional features and benefits, and several other features form part of the VIP MT4 Account that easyMarkets offers its Rwandan professional traders.
| Account Features | Value |
| 💻 Platforms available | 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 | 10,200,000 RWF (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 |
👉 When they register an account with easyMarkets, Rwandan traders cannot use RWF as their account’s default currency. Subsequently, Rwandan traders must choose from these available and supported currencies:
➡️ 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 easyMarkets demo account is an unlimited risk-free account that provides Rwandan traders access to live market conditions that can be traded using virtual funds. With this demo, Rwandan traders can start trading with 10,000 in virtual capital, with the option of topping up this amount 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 Rwanda may switch their live trading account to an Islamic or Swap-Free account at no extra cost, so avoiding overnight expenses.
How to open an Account with easyMarkets in Rwanda
👉 To register an account with easyMarkets, Rwandan Traders can follow these steps:
➡️ easyMarkets’ account opening process is simple and requires little documentation. Any of the banners on this page will take you to the site where you may register.
➡️ If you do not want to input your data manually, you could link your Google or Facebook account. After providing personal and contact information, you may complete the KYC process.
➡️ To complete the process, simply submit a copy of your ID and proof of residency.
➡️ easyMarkets will next audit your account for AML compliance. This process usually takes less than 24 hours, after which you may start trading with a 25,600 Rwandan franc minimum deposit, or any other depending on the account that you registered.
easyMarkets Vs ACY Securities Vs AvaTrade – Broker Comparison
| 🥇 easyMarkets | 🥈 ACY Securities | 🥉 AvaTrade | |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA | ASIC, VFSC | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| 💻 Trading Platform | • easyMarkets Platform • MetaTrader 4 • MetaTrader 5 • TradingView | • MetaTrader 4 • MetaTrader 5 | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade |
| 💵 Withdrawal Fee | None | Yes | No |
| ✔️ Demo Account | Yes | Yes | Yes |
| 💰 Min Deposit | 25,600 RWF | 51,000 RWF | 102,000 RWF |
| 📊 Leverage | Up to 1:400 | 1:500 | 1:400 |
| 📈 Spread | Fixed, 0.03 USD | Variable, 0.0 pips | Fixed, from 0.9 pips |
| 💸 Commissions | None | From $5 | None |
| 🛑 Margin Call/Stop-Out | 70%/30% | 100%/50% | 25%/10% |
| 📲 Order Execution | Market | STP | Instant |
| ✔️ No-Deposit Bonus | No | No | No |
| ✅ Cent Accounts | No | No | No |
| 💻 Account Types | • Standard Account (Web/App and MT4) • Premium Account (Web/App and MT4) • VIP Account (Web/App and MT4) | • Standard Account • ProZero Account • Bespoke Account | • Standard Live Account • Professional Account Option |
| ⚖️ BNR Regulation | No | No | No |
| 💵 RWF Deposits | Yes | Yes | No |
| ✔️ Rwandan franc Account | No | No | No |
| 📞 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 🛍 Retail Investor Accounts | 3 | 3 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | Depends on region and trading instrument | Unlimited |
| 📊 Minimum Withdrawal Time | Instant | 24 to 48 hours | 24 to 48 Hours |
| ⏱ Maximum Estimated Withdrawal Time | Up to 5 Days | 5 to 7 working days | Up to 10 days |
| ✔️ Instant Deposits and Instant Withdrawals? | Yes | Yes | No |
Overall Rating
- 4.9/5
Min Deposit
100 USD/101 652 RWF
Regulators
CySEC, ASIC, BVI, FSA
Trading Desk
MetaTrader 4, TradingView
Crypto
No
Total Pairs
275+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
easyMarkets Trading Platforms
👉 easyMarkets offers Rwandan Traders a choice between these trading platforms:
➡️ easyMarkets Platform
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ TradingView
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 MetaTrader 4 is favoured among traders because of its speed, extensive charting tools, algorithmic trading capabilities, and customizability. In addition, if traders decide to switch brokers, they can easily take their customized version of easyMarkets’ third-party platform, MT4, with them.
👉 MetaTrader 5 is not as popular as MT4 but is still a decent option. This is attributable to the fact that MetaTrader 5 is more powerful, supports multi-asset trading, and offers a range of additional features.
WebTrader Platforms
➡️ easyMarkets Platform
➡️ MetaTrader 4 and 5
➡️ TradingView
easyMarkets Platform
👉 Because it is web-based, easyMarkets’ uncomplicated platform does not need installation and can be customized to work with any computer, regardless of its operating system. easyMarkets is a great solution for traders because of its stable trading environment and various trading tools offered to them.
MetaTrader 4 and 5
👉 In recent years, MetaTrader 4 and 5 have both become the most widely used and accepted platforms for online trading, and consequently, the platforms have both earned a well-earned reputation for dependability and efficiency.
👉 easyMarkets will not require that Rwandan traders download any extra apps or software; instead, they will just log on to one of the broker’s websites and begin trading immediately using MT4 or MT5’s WebTrader.
TradingView
👉 When Rwandan traders register an easyMarkets account, they are given access to TradingView free of charge. The use of this program makes it possible to explore and analyse almost any instrument with reasonable simplicity. Additionally, the Trading View tool offered by easyMarkets includes 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 and 5
easyMarkets Platform
👉 The easyMarkets app’s basic design enables you to access all trading and information via a single, user-friendly interface. It is possible to obtain live, real-time market data and news updates by utilizing the app.
👉 Free stop loss/take profit orders and free guaranteed stop loss/take profit orders are among the benefits. Using the easyMarkets app on your smartphone, you may explore marketplaces all over the globe if you have an internet connection.
👉 Rwandan traders benefit from the platform’s compatibility with both iOS and Android mobile devices.
MetaTrader 4 and 5
👉 The easyMarkets MT4 and MT 5apps allow traders to trade from anywhere in the world, given that they have a steady internet connection. However, these mobile apps offer fewer features than the desktop platforms.
👉 However, Rwandan traders can still use analytical tools like technical indicators, graphical objects, and a full set of trading orders to keep their entire order book and cancel or alter any current ones.
easyMarkets Range of Markets
👉 Rwandan Traders can expect the following range of markets from easyMarkets:
➡️ Forex
➡️ Shares
➡️ Cryptocurrencies
➡️ Precious Metals
➡️ Commodities
➡️ Indices
Financial Instruments and Leverage offered by easyMarkets
| 🔨 Instrument | ✔️ Number of Assets Offered | 📈 Maximum Leverage Offered |
| ➡️ Forex | 103 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ Precious Metals | 5 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ ETFs | 0 | – |
| ➡️ Indices | 15 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ Stocks | 50 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ Cryptocurrency | 17 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ Options | 26 | None |
| ➡️ Energies | 5 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
| ➡️ Bonds | 0 | – |
| ➡️ Agricultural Commodities | 7 | • Web/App: 1:200 • MT4: 1:400 • MT5: 1:500 |
Broker Comparison for Range of Markets
| 🥇 easyMarkets | 🥈 ACY Securities | 🥉 AvaTrade | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | Yes |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | Yes |
easyMarkets Trading and Non-Trading Fees
Spreads
👉 Each of easyMarkets’ six account types has its unique set of trading parameters. Despite this, trading expenses are above average for all account types, despite differing levels of security and minimum deposit requirements.
👉 Rwandan traders can expect fixed spreads that allow them to calculate their trading costs more accurately. These spreads are marked-up to include the broker’s fee and can be viewed per trading platform, account type, and financial instrument as follows:
| 💻 Account | 💰 EUR/USD | 💰 XAGUSD | 💰 BTC/USD | 💰 US Oil | 💰 AAPL | 💰 USTEC |
| Standard Account | 1 pip | 3.8 pips | 496 pips | 9.5 pips | 0.9 pips | 55 pips |
| Standard Cent Account | 1 pip | 3.8 pips | – | – | – | – |
| Raw Spread Account | 0 pips | 1.9 pips | 193 pips | 4.4 pips | 4.4 pips | 10 pips |
| Zero Account | 0 pips | 0.1 pips | 193 pips | 2.3 pips | 2.3 pips | 8.5 pips |
| Pro Account | 0.6 pips | 2.4 pips | 310 pips | 5.9 pips | 5.9 pips | 34 pips |
Commissions
👉 easyMarkets is a Market Maker broker that charges fixed spreads. Because of this, commissions are not charged on trades because the broker’s fee is already included in the spread, as can be seen from the table above.
Overnight Fees, Rollovers, or Swaps
👉 easyMarkets claims to be entirely transparent but the overnight rates are not readily available online. Rwandan traders will be subject to these fees if they hold a position overnight.
👉 Overnight fees can either be credited or debited depending on the financial instrument, holding period, position size, interbank rates, and the position that traders hold, whether long or short.
Deposit and Withdrawal Fees
👉 There are no fees imposed on any deposits or withdrawals to or from a trading account with easyMarkets.
Inactivity Fee
👉 There is an inactivity fee that applies to retail accounts with easyMarkets. If a trading account is void of trading activity for a certain period, an inactivity fee of $25 will apply. If the trading balance falls below $25, the account will be closed.
Currency Conversion Fees
👉 When Rwandan traders deposit or withdraw in UGX, they could face currency conversion fees because RWF is not an accepted base account currency.
easyMarkets Deposits and Withdrawals
👉 easyMarkets offers the following deposit and withdrawal methods:
➡️ Debit Card
➡️ Credit Card
➡️ AstroPay
➡️ Local Bank Transfer
➡️ Bpay
➡️ Neteller
➡️ Skrill
➡️ Fasapay
➡️ Sticpay
➡️ Egyptian Local Deposits
➡️ WebMoney
➡️ BitWallet
➡️ Perfect Money
➡️ Bank Wire Transfer
➡️ UnionPay
Broker Comparison: Deposit and Withdrawals
| 🥇 easyMarkets | 🥈 ACY Securities | 🥉 AvaTrade | |
| Minimum Withdrawal Time | Instant | 24 to 48 hours | 24 to 48 hours |
| Maximum Estimated Withdrawal Time | Up to 5 Days | 5 to 7 working days | Up to 10 days |
| Instant Deposits and Instant Withdrawals? | Yes | Yes | No |
easyMarkets Payment Method, Countries, Deposit and Withdrawal Processing Time
| 💰 Payment Method | 📍 Countries | 💸 Deposit and Withdrawal Processing Time |
| VISA | All Countries | Instant |
| MasterCard | Only Europe | Instant |
| Maestro | Only Europe | Instant |
| AstroPay | All except the EU and Australia | Instant |
| Local Bank Transfer | As per EU countries | Instant |
| Local Bank Transfer LATAM | Africa, Indica, Indonesia, Vietnam, Thailand, Malaysia | Instant |
| Bpay | Only APAC | 3 to 5 working days |
| Neteller | All, except: Afghanistan, Benin, Bonaire, Burundi, Canada, Central African Republic, Chad, China, Congo (Republic), Crimea, Cuba, Djibouti, Equatorial Guinea, Eritrea, Gabon, Gambia, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Japan, Kazakhstan, Kyrgyzstan, Lao People’s Democratic Republic, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mongolia, Montserrat, Myanmar, Nauru, Niger, Niue, Norfolk Island, North Korea, Palau, Papua New Guinea, Saint Barthelemy, Saint Kitts and Nevis, Saint Martin, Sint Maarten, Sierra Leone, Sudan (North and South), Suriname, Syria, Tajikistan, Timor-Leste, Togo, Turkmenistan, Uzbekistan, Western Sahara, Yemen | Up to 24 hours |
| Skrill | All Except: Afghanistan, Angola, Barbados, Benin, Burkina Faso, Cape Verde, Comoros, Crimea, Cuba, Djibouti, Eritrea, Faroe Islands, French Polynesia, Gambia, Greenland, Grenada, Guadeloupe, Guyana, Iran, Iraq, Japan, Kyrgyzstan, Lao People’s Democratic Republic, Libya, Macao, Martinique, Namibia, New Caledonia, Niger, North Korea, Palau, Reunion, Samoa, Sudan (North and South), Suriname, Syria, Tajikistan, Togo, Turkmenistan, Saint Barthelemy, Saint Kitts and Nevis, Saint Martin, Sint Maarten, Sierra Leone, Sudan (North and South), Suriname, Syria, Tajikistan, Timor-Leste, Togo, Turkmenistan, Uzbekistan, Western Sahara, Yemen | 1 working day |
| Fasapay | Only Indonesia | Instant |
| Sticpay | All except Europe and APAC | Instant |
| Egyptian Local Deposits | Only Egypt | 1 working day |
| WebMoney | All except Europe and APAC | 1 working day |
| BitWallet | Only Japan | 1 working day |
| Perfect Money | All except Europe, Australia, and Singapore | 1 working day |
| Bank Wire Transfer | All | Up to 5 working days |
| UnionPay | Only China | 1 to 2 working days |
How to Deposit Funds with easyMarkets
👉 To deposit funds to an account with easyMarkets, Rwandan Traders can follow these steps:
➡️ Ensure that their trading account has been verified through the KYC procedure and subsequently approved.
➡️ Log into their “My easyMarkets” trader’s site and choose a deposit option.
➡️ Next, Rwandan traders can select their deposit currency and provide the amount they wish to transfer to the trading account, being mindful of the minimum deposit requirement per the account type they chose.
➡️ Traders can complete any additional instructions as per their payment provider and confirm the deposit.
easyMarkets Fund Withdrawal Process
👉 To withdraw funds from an account with easyMarkets, Rwandan Traders can follow these steps:
➡️ Log into the My easyMarkets site and select “Funds Management”
➡️ Next, select the same method that was used with fund deposit first before using any other method.
➡️ Complete the withdrawal request and submit it to easyMarkets’ financial department.
easyMarkets Education and Research
Education
👉 easyMarkets offers the following Educational Materials:
➡️ Trading Courses
➡️ Free eBooks
➡️ Knowledge Base
➡️ Trading Indicators
➡️ FAQ
Research and Trading Tool Comparison
| 🥇 easyMarkets | 🥈 ACY Securities | 🥉 AvaTrade | |
| Economic Calendar | Yes | Yes | Yes |
| VPS | No | No | No |
| AutoChartist | No | No | No |
| Trading View | Yes | No | Yes |
| Trading Central | Yes | No | Yes |
| Market Analysis | Yes | Yes | Yes |
| News Feed | Yes | Yes | Yes |
| Blog | Yes | Yes | Yes |
👉 easyMarkets offers Rwandan 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 Rwandan Traders the following bonuses and promotions:
➡️ Sign-up Bonus
➡️ Referral Bonus
➡️ First Deposit Bonus
How to open an Affiliate Account with easyMarkets
👉 To register an Affiliate Account, Rwandan Traders can follow these steps:
➡️ Open your browser and navigate to the official easyMarkets website.
➡️ From the homepage, navigate to the top toolbar and hover over the “About” section. This will give you a dropdown with several options and you can scroll down to “Partners.”
➡️ Once you click on this option the partner page will load and you can read the information provided on how you can become a partner and what the benefits are.
➡️ Once you have a clear understanding of what it means to become an affiliate with easyMarkets, and you want to join, you can select the “Become a Partner” banner and complete the “Sign up today!” application form.
➡️ Choose whether you want to be an affiliate or an introducing broker, read and accept the Affiliation Agreement, and click on the “Join” banner to proceed.
easyMarkets Affiliate Program Features
👉 In addition to a 25% lead active client conversion rate, easyMarkets provides a wide range of engagement options and exceptionally profitable compensation structures for partners.
👉 Comprehensive trading solutions and an affiliate success manager are both available to traders who sign up as partners with easyMarkets. The marketing materials and other resources are made available to Rwandan partners as well.
👉 Trading and financial markets are more likely to be covered by affiliates and anyone who can conceive of a strategy to bring new customers to easyMarkets may join as an affiliate.
easyMarkets Customer Support
👉 easyMarkets provides prompt and helpful customer service around the clock, five days a week, and via a variety of different modes of communication.
| Customer Support | easyMarkets’s Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | English, Japanese, Malay, Polish, Arabic, Chinese |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| 📞 Telephonic Support | Yes |
| ✔️ Local Support in Rwanda? | No |
| 🥇 Overall quality of easyMarkets Support | 3.5/5 |
easyMarkets Corporate Social Responsibility
👉 There is currently no information available on the Corporate Social Responsibility (CSR) initiatives or projects that easyMarkets is involved in.
Overall Rating
- 4.9/5
Min Deposit
100 USD/101 652 RWF
Regulators
CySEC, ASIC, BVI, FSA
Trading Desk
MetaTrader 4, TradingView
Crypto
No
Total Pairs
275+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Our Verdict on easyMarkets
👉 For a long time, easyMarkets has been regarded as an innovative broker with features that are not accessible elsewhere. Traders of all sorts may use the platforms and tools, and there is a wide variety of trading instruments accessible on a variety of markets.
👉 Overall, the easyMarkets review reveals a brokerage firm with a lengthy history of business operations and trading circumstances that are completely fair and transparent.
👉 Even so, easyMarkets is pleased to be a market-making broker since it provides its clients with reliable trading conditions under all market circumstances and even significant market volatility.
easyMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fixed spread accounts are offered on all retail investor account types offered | There are no variable spreads and there is a high mark-up added to the fixed spreads |
| All trades are free from commission charges | There is an inactivity fee of $25 charged to dormant accounts |
| MetaTrader 4 is supported across devices | There is no RWF-denominated account offered |
| easyMarkets offers a powerful proprietary trading platform | MetaTrader 5 is not supported |
| There is a convenient and innovative easyMarkets app offered | |
| The broker provides Rwandan traders access to free guaranteed stop-loss | |
| Advanced traders can expect a few trading tools and resources such as Trading Central, trusted trading signals, Inside Viewer, and a few others | |
| There is a small selection of educational materials offered to Rwandan beginner traders |
FAQ
Does easyMarkets have Volatility 75?
No, easyMarkets does not currently offer access to VIX 75.
Does easyMarkets have Nasdaq?
Yes, easyMarkets has Nasdaq as part of its comprehensive global derivatives offering.
Is easyMarkets regulated?
Yes, easyMarkets is well-regulated by one Tier-1 regulator (ASIC), one Tier-2 regulator (CySEC), and two Tier-3 regulators (BVI FSC and FSA), with Rwandan traders registering live accounts through the BVI FSC regulation and region.
Which instruments can I trade with easyMarkets?
You can trade over 103 forex pairs, 5 metals, 15 index CFDs, 50 stock CFDs, 17 Crypto CFDs, 26 Options, 5 energies, and 7 agricultural commodities.
How do I deposit with easyMarkets?
You can deposit funds into easyMarkets by ensuring that your account has been verified and approved, logging into the My easyMarkets site, and selecting a deposit method, currency, and providing an amount to be deposited.
What is the withdrawal time for easyMarkets?
The withdrawal time with easyMarkets ranges from instant withdrawals up to 5 days.
What is the average trading cost for easyMarkets?
The trading costs for easyMarkets ranges from between 9 USD up to 20 USD depending on the trading account that you use.
Do I need a verified account to make deposits and withdrawals?
Yes, to finalize your account application you must complete the KYC procedure which will verify your identity, allowing you to deposit funds, trade, and withdraw profits.
Is easyMarkets good for beginners?
Yes, easyMarkets is a well-rounded broker that caters for beginners by providing educational materials, helpful customer support, and a demo account option.
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.
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