easyMarkets Review: Do Fixed Spreads and dealCancellation Protect Beginners?
easyMarkets built its 25-year pitch around a promise that spreads never move and a paid option to undo a losing trade called dealCancellation. We priced both against the broker's own MT5 account to see whether the fixed-cost pitch actually saves a beginner money.
Best for: Beginners who want a known, fixed cost per trade and an occasional undo option over the lowest possible spread
easyMarkets earns its beginner-friendly label honestly: a $25 minimum deposit, spreads that genuinely do not move on the web platform, and dealCancellation as a real, disclosed way to undo a mistake rather than a gimmick. None of that makes it cheap. The fixed EUR/USD spread runs close to double what a raw account charges, and dealCancellation's 3 to 5 percent fee turns an occasional safety net into an expensive habit if a trader leans on it every week. Anyone who wants the lowest possible cost per lot should open a raw-spread account elsewhere; anyone who wants to know their exact worst-case cost before clicking buy will find that easyMarkets delivers on that specific promise.
Price $25 minimum depositMaker easyMarketseasymarkets.com
easyMarkets turned 25 this year, and its homepage leads with that number rather than a spread figure. The pitch underneath is unusual for a retail broker: spreads that are fixed and disclosed in advance, and a paid feature called dealCancellation that lets a trader undo a losing position within the hour. We opened a live account, priced both promises against the numbers other testers have logged, and checked what happens once a trader moves onto MT5, where the fixed-spread story quietly stops applying.
A spread that never moves, and what that actually costs
Fixed spreads sound like a beginner's dream until you check the number against a raw account. easyMarkets quotes EUR/USD from 0.9 pips on its own web and app platform, and independent testing has logged the same pair closer to 1.3 to 1.5 pips on the broker's MT4 build. Either figure sits well above what a dedicated ECN broker charges once commission is added, but the trade-off is real: that spread will not widen the moment a jobs report drops, and a beginner who has been burned by a widened spread during news will understand the appeal immediately. There is no commission layered on top, no charge to deposit, and no charge to withdraw, so the quoted spread really is the whole cost of a trade rather than the opening figure in a longer bill.
dealCancellation: a real tool, priced like insurance
dealCancellation is the feature easyMarkets built its identity around, and it works as advertised: open a position, decide within 60 minutes that it was a mistake, and cancel it back to your starting balance for a fee that is shown before you activate the option. The fee runs 3 to 5 percent of the position's value, often landing near $25 to $50 on a typical retail-sized trade. Used rarely, on the one trade a month that genuinely goes wrong in the first hour, it functions exactly like insurance should: a small known cost against a much larger unknown one. Used as a habit instead of a backstop, that percentage adds up fast, and a trader leaning on it every week will find it has quietly become their biggest single trading expense.
