EasyMarkets

EasyMarkets, whose full legal name is FMGP Trading Group Pty Ltd, is a financial services entity registered in Australia. According to our records, the company was founded on 22 April 2025, making it a very recent entrant to the online trading space. The official domain on file is panel.mxd23.com, though this site is not verifiable through public channels, and the company lists no employees in our registry data.

In FXCanary's assessment, the most notable feature of this broker is the gap between its regulatory footprint and its operational visibility. While the registry lists three licences across three jurisdictions, there is no accessible website, no social-media presence, and no independent user feedback. For a trader, this combination of a young company and an invisible public profile is a significant caution flag.

Our records show that EasyMarkets holds three licences, each issued by a different regulator. The first is an Australian Securities and Investments Commission (ASIC) Market Making (MM) licence, number 385620, covering Australia. The second is a Vanuatu Financial Services Commission (VFSC) Forex Trading License (EP), number 40256, for Vanuatu. The third is a Seychelles Financial Services Authority (FSA) Derivatives Trading License (EP), number SD096, for Seychelles.

It is important to note that the licence numbers are quoted exactly as they appear in our registry records. However, the status of each licence is listed as a dash, meaning we do not have confirmation of their current validity or any disciplinary history. We cross-checked these against public registers but could not verify them independently, partly because the entity is so new. The mix of a top-tier regulator like ASIC with offshore licences from Vanuatu and Seychelles is a structure often seen in the industry, but the lack of verifiable operational detail makes it hard to assess how these licences are actually used.

EasyMarkets is registered at Level 10/627 Chapel St, South Yarra, VIC 3141, Australia. The company was incorporated on 22 April 2025, which means it is approximately 15 months old as of the time of this review. Our records indicate zero employees, which is unusual for a licensed trading entity and may suggest that the operation is in a very early stage or is being managed through external service providers.

The registered address is a commercial office in South Yarra, a suburb of Melbourne. While this is a legitimate business district, the absence of any public-facing office information or operational details beyond the registry entry means we cannot confirm the actual scale of the business. In our experience, a broker with no verifiable staff or website is either a shell operation or a brand that has not yet launched its services.

FXCanary has assigned EasyMarkets a Scam Risk Score of 47 out of 100, which we classify as 'Guarded'. This score reflects two primary risk flags. The first is that the company is recently established, being only about 15 months old, which means it lacks a track record that traders can evaluate. The second is that there is no verifiable website or social-media presence, which is highly unusual for a broker that claims to offer trading services.

A score of 47 is not an outright accusation of fraud, but it signals that traders should exercise significant caution. The lack of independent reviews, the absence of a working public website, and the short operating history all contribute to an environment where a trader would have very little information to make an informed decision. We would advise any potential client to treat this broker with extreme scepticism until it establishes a transparent and verifiable public presence.

Based solely on the known facts, we have no information about the trading platforms, account types, instruments, or funding methods that EasyMarkets might offer. The official domain panel.mxd23.com is not accessible in our checks, and the web search results we obtained describe a completely different entity with a similar name, which we have disregarded. Consequently, we cannot confirm whether this broker offers forex, CFDs, or any other financial products.

In the absence of verifiable information, we must state plainly that the trading offerings are undisclosed. This is a critical gap for any potential client. A legitimate broker typically provides detailed information about its platforms and products on its website, and the fact that we cannot find any such information is a major red flag. Until EasyMarkets publishes clear and verifiable details about its services, we cannot recommend it to any trader.

Our independent research found very little public information about FMGP Trading Group Pty Ltd. The web search results returned references to an established broker called easyMarkets, which is based in Cyprus and has been operating since 2001, but that entity operates from easy-markets.com and is not the same company as the one we are reviewing. We have excluded those results from our analysis because they do not match the official domain or registration details in our records.

This lack of matching information is itself a caution sign. For a broker that holds three licences, one would expect to find some trace of its operations, such as a website, regulatory announcements, or client reviews. The fact that we found none suggests that either the broker is not yet operational, or it is deliberately maintaining a low profile. In either case, traders should be wary of engaging with an entity that cannot be independently verified.

In summary, EasyMarkets (FMGP Trading Group Pty Ltd) is a newly registered Australian company with a multi-jurisdictional licence structure but no verifiable public presence. The combination of a young age, zero employees, and an inaccessible website makes it impossible for us to provide a meaningful assessment of its trading services. Our Scam Risk Score of 47/100 reflects this uncertainty.

For traders, the prudent course of action is to avoid this broker until it demonstrates a credible and transparent operation. We would look for a functioning website, clear regulatory disclosures, and independent client feedback before considering any engagement. As it stands, EasyMarkets presents more questions than answers, and in the world of online trading, that is rarely a good sign.