EF Worldwide Ltd

EF Worldwide Ltd, trading as easyMarkets, is a forex and CFD broker registered in Seychelles. The broker was established in 2001 under the previous name EasyForex and has since grown into a global brand serving clients in over 50 countries. It operates through a network of subsidiaries regulated in different jurisdictions.

EasyMarkets is well-known for its sponsorship of Real Madrid C.F., a partnership that reflects its brand presence across international markets. The broker’s headquarters are in Seychelles, with regional offices in Cyprus, Australia, and the British Virgin Islands.

The legal entity EF Worldwide Ltd is licensed by the Financial Services Authority (FSA) of Seychelles as a securities dealer. This license allows the broker to offer its services internationally, though regulatory oversight in Seychelles is considered less stringent than top-tier regulators like the FCA or ASIC.

According to the broker’s website, easyMarkets also holds licenses from CySEC (Cyprus), ASIC (Australia), and the FSC (BVI), catering to clients from different regions. However, the Seychelles entity is the primary one relevant to the broker as presented in our records.

EasyMarkets provides clients with the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both available for Windows, Mac, iOS, and Android. These platforms support automated trading via Expert Advisors (EAs) and offer advanced charting tools. The broker also offers a proprietary web-based platform that features deal cancellation and guaranteed stop-loss tools.

Each platform is designed to cater to different trading styles, with MT5 offering more timeframes and instruments. Traders can seamlessly switch between platforms using the same account.

EasyMarkets offers a single main account type with a minimum deposit of $200, as per various industry sources. The account features fixed spreads with no commission, making costs predictable. Leverage can be chosen up to 1:2000 for forex pairs, while other instruments may have lower maximum leverage.

The broker also offers a demo account for practice, as well as an Islamic (swap-free) account option. VIP accounts may be available for high-volume traders upon request, though specific details are not publicly listed.

Clients can trade over 200 instruments across several asset classes: forex (64 currency pairs), commodities (gold, silver, oil), indices (S&P 500, FTSE 100, etc.), cryptocurrencies (Bitcoin, Ethereum), and individual shares. All instruments are offered as CFDs, meaning traders speculate on price movements without owning the underlying asset.

The broker supports trading during market hours with tight spreads on majors. Cryptocurrency trading is available 24/7 with leverage up to 1:100.

EasyMarkets is known for its fixed spreads, which are quoted at the time of opening a trade and do not change. For example, EUR/USD spreads start at 0.5 pips during regular trading hours. There is no commission charged on trades; instead, all costs are included in the spread.

The broker does not charge account inactivity fees or deposit fees, but withdrawals incur a fixed $50 fee. Overnight swap rates apply to positions held beyond a trading day.

Funding an account is free via credit/debit cards, e-wallets (Neteller, Skroll), and bank wire transfers. Most methods are processed instantly, except for bank transfers which may take 1-3 business days. The minimum deposit is $200 equivalent.

Withdrawals are processed within 24 hours on business days, according to the broker. The $50 withdrawal fee is fixed regardless of the amount, which may be a consideration for smaller accounts.