EasyMarkets Account Types & How to Open

When we set out to write this account guide for EasyMarkets, we expected to lean on a long trading history and a thick file of user experiences. Instead, our records show a broker that is far younger and far less documented than the name suggests. The entity on file is FMGP Trading Group Pty Ltd, registered in Australia on 22 April 2025, and the official domain we have on record is panel.mxd23.com — not the easy-markets.com that dominates search results.

That distinction matters. A web search for 'EasyMarkets' returns a well-known Cypriot broker founded in 2001, regulated by CySEC and ASIC, with a $25 minimum deposit and fixed spreads. But none of that describes the entity we are reviewing. Our known facts show a different company: three licences on file (ASIC, VFSC and FSA), zero employees on record, and no verifiable website or social-media presence. In FXCanary's assessment, the name collision is a serious red flag for anyone who thinks they are opening an account with the established easyMarkets brand.

The broker holds three licences on file, and we reproduce them exactly as they appear in our records:

• ASIC | Market Making (MM) | licence no 385620 | Australia
• VFSC | Forex Trading License (EP) | licence no 40256 | Vanuatu
• FSA | Derivatives Trading License (EP) | licence no SD096 | Seychelles

We cross-checked these against the public registers where possible. The ASIC licence number 385620 is real and belongs to an Australian entity, but our records do not confirm that FMGP Trading Group Pty Ltd is the current holder. The VFSC and FSA licences are offshore, which typically means weaker investor protection and no deposit guarantee scheme. For a trader, the practical takeaway is that this broker is not offering the same level of regulatory oversight as a major EU or UK broker. We would treat the ASIC licence as the most credible, but we cannot verify its link to this specific entity from our files.

The web results that mention easyMarkets describe a range of account types — Standard, VIP, and platform-specific variants for MT4 and MT5, with minimum transaction sizes from 0.01 lot and spreads from 0.6 pips on EUR/USD. But those figures come from easy-markets.com, which is a different company. For the entity we are reviewing, our known facts do not list any specific account tiers, minimum deposits, spreads, or commissions. We have no verified data on what this broker offers in terms of account types.

In FXCanary's assessment, the absence of disclosed account details is itself a finding. A broker that does not publish its account structure — or whose official domain is a panel subdomain rather than a public marketing site — is not giving traders the transparency they need to make an informed choice. Until we see verified account documentation, we cannot recommend any specific tier.

We have no verified figures for minimum deposit or leverage from our known facts. The web results mention a $25 minimum deposit for the other easyMarkets, but we will not import that number here because it does not apply to this entity. Similarly, leverage is not disclosed in our records.

What we can say is that the regulatory framework implies different leverage limits depending on where the client is based. Under ASIC, retail leverage is capped at 1:30 for major forex pairs. Under VFSC and FSA, there are no such caps, so leverage could be significantly higher — and that means significantly higher risk.

For a trader, the practical implication is that if you are onboarded under the offshore licences, you may be offered leverage that would be illegal in Australia or Europe. That is not necessarily a red flag by itself, but combined with the broker's short history and lack of verifiable presence, it raises the risk profile. We would advise any trader to ask for the exact leverage applicable to their account before depositing, and to treat any offer above 1:30 as high-risk.

The web results for the other easyMarkets mention a proprietary web platform, MT4, MT5, and TradingView integration. For our entity, we have no verified information about which platforms are offered. The official domain on file is panel.mxd23.com, which suggests a client portal rather than a full marketing site, but we cannot confirm what trading software runs behind it.

We also cannot verify whether demo accounts are available. Given the broker's zero-employee record and lack of public presence, we would be cautious about assuming any platform support. In our experience, a broker that does not clearly advertise its platforms is often one that has not invested in a robust trading infrastructure. Until we see evidence of MT4/MT5 or a proprietary platform, we cannot comment on execution quality or usability.

We have no verified details on the account-opening process for this broker. The web results do not describe the KYC procedure for the entity we are reviewing, and our known facts do not include any onboarding information. Typically, a broker would require proof of identity, proof of address, and possibly a source of funds declaration. But we cannot confirm that this broker follows standard KYC procedures.

Given the lack of verifiable website and social-media presence, we would be especially cautious about providing personal documents. If you cannot find a clear privacy policy and data-handling statement, you have no way of knowing how your information will be used. In FXCanary's assessment, the absence of a transparent onboarding process is a significant concern for any trader considering this broker.

Our known facts contain no specific figures for spreads, commissions, or other fees. The web results mention spreads from 0.6 pips for the other easyMarkets, but we will not repeat those numbers here because they are not verified for this entity. What we can say is that the broker's regulatory mix suggests that costs could vary widely depending on which licence you are under. Offshore entities often charge wider spreads or higher commissions to compensate for lower regulatory costs.

We also have no information on deposit or withdrawal fees, inactivity fees, or currency conversion charges. For a trader, the lack of fee transparency is a red flag. Before depositing, we would insist on a full schedule of fees in writing. If the broker cannot provide that, we would walk away.

In FXCanary's assessment, this broker scores 47/100 on our scam risk scale, which we classify as 'Guarded'. The main risk flags are its recent establishment — about 15 months old — and the complete lack of verifiable website or social-media presence. The name collision with a well-known broker only adds to the confusion. We found no clone or impersonator sites, which is a small positive, but it does not offset the overall lack of transparency.

For a trader, the bottom line is that this entity does not yet have a track record we can assess. The three licences on file are a mix of a major regulator and two offshore ones, but we cannot confirm the ASIC link. Until the broker publishes clear account documentation, verifiable contact details, and a proper website, we would advise against opening an account. If you do proceed, use only the official domain on file and never share documents or funds through any other channel.