de | cn | ru

Brokers News

Traders Are Now Welcome to Trade Options at Easy-Forex

Cyprus-based company easy-forex is usually not among the brokers you hear about every day. In fact, I myself found out about it just recently. Still, this doesn't mean it has nothing interesting to offer to the inquisitive trader's mind. In fact, the broker has just made a new addition to its web-based platform, the Web Trader – options trading.


Forex exchange options are, basically, a contract allowing the holder the right to sell or buy a currency pair at a set price, known as “strike price”, at a specific date (“exercise date”). A contract to sell is known as a “put option”, whereas a contract to buy is a “call option”. The coolest part is that, while the holder has the right to buy or sell when the time comes, they have absolutely no obligation to do so. This means that even if the market goes against the trader, they can choose not to execute the option. In this case, their only loss will be the “premium” - money initially paid to purchase the contract.


Options at easy-forex are still in a beta version, but have already gained plenty of interest. After playing around with the platform for a bit, I have only one thing to say: simple, simple, simple. The platform is so completely easy to use, I was able to place my first trade in a matter of seconds. As soon as I logged in, it asked me what my trading level was. I grudgingly admitted I knew nothing of options, so I was given this lovely green view:




Obviously, you'd have to be completely clueless not to get what you need to do in order to trade – select the pair you like, click on the type of option you want... and that's it! Of course, if you're not as much of an options neanderthal as I am, you can create your own trade where you can also choose a custom expiry date and set a trading amount. There is no way you could get lost, since you have these big, bright green arrows pointing you where you need to click. Still, if that's not enough, there is an “educate” button which switches on a detailed trading manual (with shiny, colorful pictures, yay!). In the words of easy-forex's own David Gledhill: “The interface is great, from new trading options to the advanced section of the platform, the easy-forex platform adapts perfectly to your skill level and responds accordingly. It is easy to trade and the outcomes are displayed clearly so you are aware of all the possible outcomes before you enter a trade.”


Another cool thing I just have to mention is the “strategies marketplace” portion of the platform. Traders have the ability to build strategies containing a number of options and then share them in the “marketplace”. Rookies, on the other hand, can see what others are doing, pick a strategy they like and copy it by the click of a single button.


The problem is, I still don't like the trading conditions easy-forex is offering me. It's all fun and games while I play around with my demo account and click stuff at random. But when I reviewed their offering of live accounts, I stopped dead in my tracks. The lowest spreads on offer start from 1.8 pips and are available to VIP accounts, which demand a minimum first deposit of $20,000 and a minimum deal size of 100K. Since I just don't have that kind of money, I turned my attention to the Standard account, which asks for no minimum deposit and the minimum deal size is a mere 5K. Well, yes, but the spreads start from 3 pips! Sorry guys, that's just not for me! There are plenty of other brokers that offer options trading out there, like 4xp, GFT or Saxo Bank.



About Easy-Forex


Since 2003, easy-forex has been revolutionizing currency trading in over 150 countries.


A pioneer in developing Forex as a consumer product, easy-forex continues to lead with customized technology and personal service tailored to all levels of traders.


With one easy-forex account, traders can trade currencies and commodities using their web, desktop or mobile platforms. Personalized FX training programs, Dealing Room specialists, rewarding Introducing Broker programs and innovative Institutional Partner offerings are just some of the reasons why thousands of traders choose us every year.


Licensed in Australia, EU and USA, easy-forex has multiple offices around the world, from London to Sydney.


TAGS: easy-forex  options  options trading  forex  forex options  trading platform 

More news about easyMarkets

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

More Forex Brokers News

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients ( Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

de | cn | ru