EasyMarkets Deposit & Withdrawal

When we sat down to research EasyMarkets — the trading name of FMGP Trading Group Pty Ltd, registered in Australia and operating from panel.mxd23.com — we expected to find a well-trodden trail of user experiences, payment screenshots, and withdrawal timelines. Instead, we found a broker with no independent user reviews on record, no verifiable social-media presence, and a registration date of 22 April 2025. That makes EasyMarkets roughly fifteen months old as of this writing, and it places the burden of proof squarely on the broker's shoulders.

Our first task was to separate the entity we were asked to review from the many similarly named brokers that dominate search results. A quick scan of the web returns pages for easyMarkets — the well-known Cypriot broker founded in 2001 — but those results describe a different company entirely. The easyMarkets that appears in those reviews is headquartered in Limassol, Cyprus, regulated by CySEC, and has been operating for two decades. Our EasyMarkets is a separate Australian-registered entity with its own regulatory footprint. We have set those results aside and based this funding review strictly on the known facts in our records, supplemented by general industry practice where we flag it as such.

EasyMarkets holds three licences on file, and we cross-checked each against the public registers where available. The Australian Securities and Investments Commission (ASIC) licence number 385620 covers Market Making (MM) activity in Australia. The Vanuatu Financial Services Commission (VFSC) licence number 40256 is a Forex Trading License (EP), and the Seychelles Financial Services Authority (FSA) licence number SD096 is a Derivatives Trading License (EP). All three are listed in our records, and we quote them exactly as they appear there.

What the licences tell us about funding is limited. ASIC-regulated entities in Australia are subject to client money rules that require segregation of retail funds, which is a positive signal. The Vanuatu and Seychelles licences are offshore and typically carry weaker investor protection frameworks. We note that the status of each licence is marked as a dash in our records, meaning we have not independently confirmed active status beyond the registry entries. For a trader considering funding an account, this mix of onshore and offshore regulation means the level of protection you receive may depend on which entity you are actually trading with — a question worth asking the broker directly before you deposit.

FXCanary's Scam Risk Score for EasyMarkets stands at 47 out of 100, which we classify as 'Guarded'. That score is driven by two specific risk flags: the broker is recently established — about fifteen months old — and it has no verifiable website or social-media presence beyond the official domain panel.mxd23.com. Neither of these is a smoking gun, but together they mean there is very little independent track record to assess.

For funding decisions, the age of the broker matters because it limits the historical evidence of withdrawal reliability. A broker that has been operating for a decade has a body of user reports, regulatory actions, and industry reviews that can be weighed. EasyMarkets has none of that yet. The absence of a verifiable public website is also notable: the official domain in our records is panel.mxd23.com, which appears to be a client portal rather than a marketing site. Traders should be cautious about any other domain claiming to be EasyMarkets, and we found zero clone or impersonator sites on file — but that could change quickly.

Our known facts for EasyMarkets do not include a list of accepted deposit methods, minimum deposit amounts, or processing times. We have no record of whether the broker accepts bank transfers, credit cards, e-wallets, or cryptocurrencies. This is a significant gap, and we will not fill it with figures pulled from web results that describe a different entity. The easyMarkets reviews that appear online mention a $25 minimum deposit and fixed spreads, but those numbers belong to the Cypriot broker, not the Australian-registered FMGP Trading Group.

What we can say is that the absence of published funding details is itself a red flag for a cautious trader. Established brokers typically publish their deposit and withdrawal methods prominently, along with fees and processing times. EasyMarkets, at least based on our records, has not done so. We recommend that any trader considering this broker contact support directly and ask for a written list of accepted payment methods, minimum and maximum deposit limits, and any fees associated with each method. Keep that documentation — it will be useful if a dispute arises later.

Withdrawal reliability is the single most important factor in assessing a broker's trustworthiness, and it is precisely where we have the least information for EasyMarkets. There are no independent user reviews on record, no complaint databases we can cite, and no verified reports of payout delays or refusals. We will not invent a narrative of withdrawal problems because none exists in our records. But we also cannot offer reassurance, because there is no evidence of successful withdrawals either.

Our advice to any trader funding an account with EasyMarkets is to treat the first withdrawal as a test. Start with a deposit amount you can afford to lose entirely — an amount that would not cause financial hardship if it were never returned. After making a few trades, request a withdrawal of a small portion of your funds, and document every step: the date of the request, the method used, the amount, and any reference numbers. If the withdrawal is processed promptly and without friction, that is a positive sign. If it is delayed, met with excuses, or requires excessive verification, that is a warning signal that should not be ignored.

Because EasyMarkets has no independent review record, we cannot point to a track record of funding behaviour. Instead, we offer general safe-funding principles that apply to any broker in this situation. First, never deposit more than you can afford to lose — this is not just a cliché, it is the core of risk management when dealing with an unproven entity.

Second, use the least reversible payment method available. Credit cards often offer chargeback rights, while bank transfers and cryptocurrency are harder to recover. Third, keep records of every transaction, including screenshots of the deposit confirmation and any correspondence with the broker's support team.

We also recommend verifying the broker's identity independently. The registered address in our records is Level 10/627 Chapel St, South Yarra VIC 3141, Australia. You can check whether this address corresponds to a real office, and you can contact ASIC to confirm the licence status. The licence numbers we have on file — ASIC 385620, VFSC 40256, and FSA SD096 — can be checked against the respective regulators' public registers. If any of these checks fail, that is a clear reason to avoid funding the account.

We were unable to verify several elements that would normally appear in a funding review. We have no record of the broker's payment service providers, no information on whether client funds are held in segregated accounts, and no disclosure of any fees for deposits or withdrawals. We also could not confirm the currencies in which accounts can be denominated, or whether the broker supports local payment methods in the trader's country of residence.

We note that the broker's employee count is listed as zero in our records. That is unusual — even a small brokerage typically has at least a few staff members. It may indicate that the entity is a shell or that the records are incomplete.

Either way, it adds to the uncertainty. We recommend that traders ask the broker directly about their operational team, their office, and their handling of client funds. A legitimate broker should be able to answer these questions clearly and without hesitation.

In FXCanary's assessment, EasyMarkets is a broker that exists on paper — with three licences and a registered address — but has not yet built a public track record. The absence of independent reviews, a verifiable website, and any disclosed funding details means that every deposit is a leap of faith. The regulatory licences provide a baseline of oversight, particularly the ASIC licence, but they do not guarantee that withdrawals will be smooth or that the broker will honour its obligations.

Our recommendation is cautious. If you choose to trade with EasyMarkets, do so with a small initial deposit, test the withdrawal process early, and keep meticulous records. If the broker fails any of these tests, walk away.

The forex market is full of alternatives with established reputations and transparent funding policies. There is no reason to risk more than you can afford on a broker that has yet to prove itself. We will continue to monitor EasyMarkets and update this review as more information becomes available.