For those interested in Foreign Exchange (Forex) and Contracts for Difference (CFDs), easyMarkets is a legitimate online broker that facilitates such transactions. Indices, shares, commodities, precious metals, and cryptocurrencies are some asset types available for trading by investors. Additionally, its cutting-edge business strategy offers investors risk-free trading circumstances even during times of heightened market volatility and global economic crises. This easyMarkets review covers payment methods.
Methods of Payment
Adding funds to or taking them out of your account is still free; however certain third-party services may charge a fee. There are a variety of deposit alternatives, including bank wires, credit/debit cards, e-wallets (Skrill, Neteller, and Sofort), and even those exclusive to specific regions. Users can also use bank transfers, which can take up to five business days, for both deposits and withdrawals. The name associated with your easyMarkets account and your chosen payment processor must match since this is a requirement set forth by the company’s regulator.
EasyMarkets accepts a variety of payment types:
The most frequent way to pay is through a wire transfer. This option is available on the majority of brokerage services throughout the globe. The reason for this is that sending money by wire transfer is the conventional method of transacting cash between banks all over the world. The security of this procedure is thus ensured. Those merchants that choose not to use credit cards or other third-party payment processors may appreciate this.
WebMoney is a primary online payment system used to transmit money internationally. Due to its popularity, several forex brokers now support payments using WebMoney. Mobile applications for WebMoney exist, just like they do for other popular online payment systems, to facilitate faster, more convenient transactions.
Almost every forex broker accepts Skrill as a form of online payment. Traders like this strategy primarily because of its speed, convenience, and security. Skrill allows traders to deposit money into their trading accounts using various payment methods, including credit/debit cards, bank wire transfers, and the trader’s own Skrill e-wallet.
Similarly to PayPal, Neteller is one of the most widely used e-wallet systems today. As a result of its widespread use, Neteller is now accepted by the vast majority of forex brokers. While the Neteller system is accessible worldwide, its primary user base is still in Europe.
Among the several electronic payment options available through forex brokers, FasaPay stands out due to the low price it charges its retail forex trading customers. One of its benefits is how quickly it can be completed.
Bitcoin is trustworthy as a payment mechanism due to its low cost and speedy process. As Bitcoin has grown in popularity, more and more brokers have begun accepting it as a form of payment. Traders with a digital wallet may quickly move money into and out of their trading accounts.
AstroPay, iDEAL, giropay, UnionPay, Tether (USDT), SOFORT, Litecoin, Ether, Credit/debit cards, Bitcoin Cash, and BPAY are just some of the payment options available on easyMarkets.
Best forex trading platforms for beginners
2 best forex trading platforms for beginners are listed below:
If you wish to trade across many markets and asset classes actively, then choose Interactive Brokers as the finest online broker. The broker has competitively low transaction fees, including no commission on trades of U.S.-listed stocks and exchange-traded funds.
With 23 currency pairings and coverage of 134 global marketplaces, Interactive is a leading international broker. This broker imposes inactivity fees and requires a minimum margin deposit of $10,000 before you can begin trading.
Customers consistently give good marks to Interactive’s proprietary trading platforms, which include the Client Portal, Trader WorkStation (TWS), and mobile apps. IB is an excellent option if you intend to trade extensively across many markets and need a broker with room to expand.
If you’re new to mobile trading, you should start with Skilling. The flexibility to choose between three distinct platforms makes it ideal for inexperienced traders. As its first product, Skilling trader is a proprietary platform. Next, two of the most widely used foreign exchange (FX) trading platforms: MetaTrader 4 and cTrader.
In particular, the MetaTrader 4 mobile application is helpful for novice currency traders. Not only is it simple to pick up, but it’s also widely used in the forex trading world, so there’s a wealth of resources and tools at your disposal. Skilling provides access to various assets and currency pairings on its trading platforms. The modest minimum trade size also allows novice traders to get started with a very minimal investment.