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Contract reading

What easyMarkets legally published, but does not want you to read

Every clause below is published by easyMarkets itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: easyMarkets Pty Ltd

sole discretionoffshore entityprofit voidingwithdrawalsdeemed acceptancehidden feeislamic accountmarket makerprofessional clientstale document

easyMarkets Pty Ltd is licensed by Australia's regulator ASIC, but its contract lets it cancel your profits for scalping, hedging or sharing an IP address. It can also charge overnight fees to your stored credit card. Its Australian site advertises a $2,000 bonus that Australian retail clients cannot get. Outside Australia and the EU you sign with EF Worldwide Ltd, which can change its terms without notice.

Back to easyMarkets

Contract risk

Money at risk
6.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
25
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
21
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 25 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning17
Notice3

section 88 of 98is where the deepest clause sits, 90% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 4 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical200Bonus requirement. Jump to the clause this comes from.With a bonus, trading above 1:200 can cost your profits$2000In the contract. Jump to the clause this comes from.The $2,000 bonus is closed to Australian retail clients14 daysFee you were not shown. Jump to the clause this comes from.Swap-free Islamic accounts now pay swaps after 14 days$500000Account limit. Jump to the clause this comes from.Balances above $500,000 must be withdrawn every month

What the documents say

25 clauses worth knowing about, worst first, each quoted from easyMarkets's own files

01

easyMarkets can cancel your profits if it decides you scalped, hedged, or shared a device or IP address with another account. It also bans excessive leverage, trading far larger than your balance, without saying where the line is.

Why this matters

easyMarkets can erase a good month of trading on its own reading of your trades, with no test you can check beforehand. The contract speaks of refunding your initial deposit when it does this, so your profit is the main target.

Exhibit 1CriticalHarder than usual

which in easyMarkets’ sole discretion, are deemed as being:
Clause 1.1 (Default Event) in Client Agreement, p.4
Read from the broker's site on Archived copyOpen the reference

Buried at section 74 of 98 in the Client Agreement, 76% of the way through.

02

On easyMarkets' own platforms, if your balance cannot cover the fee for holding a trade overnight, it can take the fee from your credit card. EF Worldwide Ltd goes further and can debit your stored card to fund a new or changed trade.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You can end up paying more than you deposited, with no fresh approval from you for each charge. Neither contract says negative balance protection, easyMarkets' promise to wipe out a negative balance, limits these card charges.

Exhibit 2CriticalRarely seen

For the Proprietary Platforms, rolling fees are imposed daily, with a triple fee collection on Wednesday.
Clause 13 in Client Agreement, p.17
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 53 of 98 in the Client Agreement, 54% of the way through.

Set against a regulated standard: ASIC (Australia)

ASIC's product intervention order, which easyMarkets' agreement restates, requires a retail client's CFD losses to be limited to the money in their trading account. This contract also lets easyMarkets collect overnight fees from your card when that money runs out.

easyMarkets is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Every nighteasyMarkets charges a rolling fee on positions held overnight, and three times the fee on Wednesdays.13
Balance too loweasyMarkets takes the fee from your credit card automatically.13
Card charge not possibleeasyMarkets emails you about the unpaid fees.13
After 24 hours unpaideasyMarkets closes some or all of your open positions.13
WeekendNo positions are closed, and collection waits until Monday at 21:00 GMT.13
03

With an easyMarkets bonus, you may not use leverage above 1:200, so no trade larger than 200 times your money. Go beyond it and easyMarkets can cancel every profit above your initial deposit.

Why this matters

The group's pages advertise leverage up to 1:2000, ten times the bonus cap, so you cannot safely use both offers at once. Any withdrawal after you trade removes the whole bonus, and profits stay locked until you reach a set trading volume.

Exhibit 3CriticalHarder than usual200

If a trading credit is granted, then the maximum leverage allowed to be used is 1:200.
Quoted in easyMarkets General Trading Credit Rules (Bonus), p.2
Read from the broker's site on Open the reference
  • Worse together with Exhibit 4The Arabic pages sell 1:2000 leverage while the bonus rules cancel profits for trading above 1:200, so the two offers collide.
04

easyMarkets' Arabic pages advertise leverage up to 1:2000, trades worth 2,000 times your money, and call the offshore accounts equally secure. For the Seychelles account, the sign-up box admits there is no investor compensation scheme and makes you confirm nobody solicited you.

Why this matters

By confirming, you accept an account outside European rules and give up the argument that the group marketed it to you. If that entity fails or refuses to pay, no compensation scheme stands behind your money.

Exhibit 4Warning

تداول برافعة مالية تصل إلى 1:2000 على MT5.
Quoted in معجم التداول
Read from the broker's site on Open the reference
Our own capture of chn.yixinchina.pro, taken on Oct 22, 2026The claim, on Promotional banner on easyMarkets' Arabic Markets Glossary pageVisit this page on the broker's siteDownload the full size image file
Our own capture of chn.yixinchina.pro, taken on Oct 22, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
Our own capture of chn.yixinchina.pro, taken on Oct 22, 2026The claim, on Account registration box on the same page, Seychelles optionVisit this page on the broker's siteDownload the full size image file
Our own capture of chn.yixinchina.pro, taken on Oct 22, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Buried at section 212 of 279 in the معجم التداول, 76% of the way through.

Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Firms licensed by CySEC must apply ESMA's retail leverage limits, 30:1 on major currency pairs. The same Arabic page that cites CySEC and ESMA advertises 1:2000, a level a retail client of a CySEC firm cannot be offered.

easyMarkets is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

05

A banner on easymarkets.com.au offers up to $2,000 in bonus, with an asterisk the page never explains. easyMarkets' own bonus terms reserve it for Professional clients, so as an Australian retail client you cannot have it.

Why this matters

Getting it means becoming a Professional client, which strips away negative balance protection, the promise that your account cannot go below zero.

Exhibit 5Warning$2000

Up to $2000* Bonus with the Best Risk Management Platform
Quoted in The Greek Definitions
Read from the broker's site on Open the reference
Our own capture of easymarkets.com.au, taken on Oct 22, 2026The claim, on Banner headed Try EASY-FOREX TODAY on an easymarkets.com.au options lessonThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: ASIC (Australia)

ASIC's product intervention order bans offering retail clients inducements such as trading credits, and easyMarkets' Client Agreement repeats that ban. Its own bonus rules call the bonus a trading credit.

easyMarkets is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 24The only way to qualify for the bonus is to turn Professional, and Professional status is what removes negative balance protection.
06

The easymarkets.com.au homepage tells you that easyMarkets wins when you win. Its own PDS says easyMarkets takes the other side of your trade and may benefit directly when you lose.

Why this matters

When you lose, easyMarkets can gain, so its interests and yours can pull in opposite directions. Its Financial Services Guide still claims no relationships that might influence it, though it mirrors your trades with its parent company.

Exhibit 6WarningStandard wording

If the market moves against you and you lose on a deal, we may directly benefit from that deal.
Clause 12.17 in Product Disclosure Statement, p.33
Read from the broker's site on Open the reference

Buried at section 169 of 244 in the Product Disclosure Statement, 69% of the way through.

Set against a regulated standard: ASIC (Australia)

ASIC's disclosure benchmark for CFD issuers asks them to name their hedging counterparties, and easyMarkets' PDS names its parent, Blue Capital Markets Limited. Its Financial Services Guide, on the same site, says it has no relationship that might influence its service.

easyMarkets is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

easyMarkets can take back profits on its own judgement

Three parts of easyMarkets Pty Ltd's Client Agreement let it cancel or rewrite your profits after the fact. A Default Event list that easyMarkets applies alone covers scalping, hedging and accounts that share an IP address. Islamic account profits can go on suspicion alone, and easyMarkets can correct trades priced during its own quote delays.

Profit voiding2 clauses flagged

If easyMarkets suspects you of abusing an Islamic account, defined as free of overnight interest, it can cancel your trades and profits without notice. Its examples of abuse include carry trades, which means holding positions to profit from interest rate gaps.

Why this matters

Suspicion is enough: easyMarkets does not have to prove anything before it reverses your trading. It can also cancel the Islamic status itself at any time, without giving a reason.

Exhibit 8CriticalHarder than usual

In the event that easyMarkets suspects that a Client is abusing the rights conferred to them by the classification of their account as an Islamic Account, easyMarkets has the right, without prior notice, to proceed immediately with one or more of the following:
Clause 13 (Islamic Accounts) in Client Agreement, p.18
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 57 of 98 in the Client Agreement, 58% of the way through.

  • Same clause as Exhibit 9The same Islamic account section now charges the interest it defines the account as free of, and lets easyMarkets cancel profits on suspicion.

easyMarkets can adjust any of your trades it links to a Material Error, a term covering its own mistakes and even delays in its quotes. It then sets the fair price itself, though it must act reasonably, plus its usual spread, the gap between its buy and sell prices.

Why this matters

easyMarkets can reverse a profit you made because its prices lagged the market, after the trade is done. The contract also lists benefiting from such an error as wilful misconduct, which lets easyMarkets cancel other profits too.

Exhibit 14WarningHarder than usual

instrument, quote or indication and includes quoting delays.
Clause 1.1 (Material Error) in Client Agreement, p.7
Read from the broker's site on Archived copyOpen the reference

Buried at section 63 of 98 in the Client Agreement, 64% of the way through.

  • Worse together with Exhibit 1A delay in easyMarkets' own quotes can turn your winning trade into a Default Event, and a Default Event lets it cancel any profits.

easyMarkets keeps the keys to your account and your contract

easyMarkets Pty Ltd caps your balance at $500,000, can lock you out for any reason, and can rewrite the agreement by email. Ignoring one of its emails can count as a default that lets it walk away from your open trades. EF Worldwide Ltd changes its terms without any notice, and using its service counts as consent.

Control of the account5 clauses flagged

If you do not answer easyMarkets' notices or emails within a time it considers reasonable, the contract counts that as a default. On a default, easyMarkets can end the agreement and release itself from its side of trades you already hold.

Why this matters

A missed email on holiday could cost you the profit on an open trade, because easyMarkets would no longer have to pay it. Any detail you gave easyMarkets that has since gone out of date counts as a default too.

Exhibit 7CriticalRarely seen

(e) a failure at any time or for any period deemed reasonable by easyMarkets to respond to any Notice or correspondence from easyMarkets;
Clause 1.1 (Default Event, (e)) in Client Agreement, p.5
Read from the broker's site on Archived copyOpen the reference

Buried at section 84 of 98 in the Client Agreement, 86% of the way through.

  • Same clause as Exhibit 1Both run on the same Default Event list, which easyMarkets alone applies, so one decision can cancel profits and release it from open trades.

easyMarkets caps your balance at $500,000 across all your accounts. Before each month ends, you must send any profit above that cap to your bank account.

Why this matters

A successful trader cannot let profits build past the cap, and a missed month is a breach easyMarkets can treat as a default. Nobody scanning the table of contents would find this rule, because the section is not listed there.

Exhibit 10WarningRarely seen$500000

23.1 A maximum limit of $500.000 USD (the “Maximum Limit”) applies on the Client’s Available Balance.
Clause 23.1 (Maximum Limit) in Client Agreement, p.23
Read from the broker's site on Archived copyOpen the reference

Buried at section 70 of 98 in the Client Agreement, 71% of the way through.

  • Worse together with Exhibit 1Missing a month-end withdrawal is a breach, and any breach is a Default Event that lets easyMarkets cancel profits.

easyMarkets can change the Client Agreement, and the trades made under it, at any time. A change binds you the moment easyMarkets emails you about it, or as soon as you place your next trade.

Why this matters

easyMarkets can hold a trade you opened on one set of terms to new ones after a single email. Clause 30.2 lets you leave instead, and says the change will not then apply retrospectively.

Exhibit 11WarningHarder than usual

The terms of this Agreement and any transactions under it, may be amended by easyMarkets at any time.
Clause 30.1 in Client Agreement, p.29
Read from the broker's site on Archived copyOpen the reference

Buried at section 88 of 98 in the Client Agreement, 90% of the way through.

EF Worldwide Ltd can change any of its terms at any time and without prior notice. EF Worldwide treats you as accepting whatever version is current if you keep using its services.

Why this matters

You may be trading under rules you have never seen, and EF Worldwide treats your next trade or login as agreement. Unlike the Australian contract, nothing here gives you notice or a promise that a change will not reach back.

Exhibit 12WarningHarder than usualNew

We may, at our discretion, change any or all of the terms of this Agreement, at any time and without prior notice.
Clause 22.1 in Client Agreement, p.30
Read from the broker's site on Open the reference

easyMarkets can suspend your access to the platform at any time, without notice and for any reason. While you are locked out, it can close your positions at prices it considers fair, and you agree not to claim against it.

Why this matters

easyMarkets could shut you out in a fast market and close trades at levels you never chose, and you have agreed not to claim. The clause does say you may still close your own positions while suspended.

Exhibit 13WarningHarder than usual

easyMarkets may at any time without notice suspend, withdraw or deny access to the Online Platform for any reason including but not limited to security, quality of service, failure by the Client to pay an amount when due or breach by the Client of any provision of this Agreement.
Clause 8.1(e) in Client Agreement, p.13
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 39 of 98 in the Client Agreement, 40% of the way through.

Overnight fees can reach your card, and swap-free is not swap-free

Two easyMarkets fees reach further than the homepage's promise of no commissions suggests. When your balance runs short, easyMarkets can take overnight fees from your stored credit card, and EF Worldwide Ltd can fund trades from it. Since February 2026, its Islamic accounts, defined as interest-free, pay swap fees on positions held past 14 days.

Cost disclosure1 clause flagged

easyMarkets defines its Islamic account as one with no overnight fees or interest. Since the February 2026 agreement, it charges swap fees, an overnight interest charge, on any MT4 or MT5 position you hold more than 14 days.

Why this matters

For a client avoiding interest on religious grounds, any position kept beyond two weeks now pays the interest they meant to avoid. The same section adds swap fees on crypto positions after seven days, and the older agreement on easymarkets.com.au still shows the previous rule.

Exhibit 9WarningHarder than usual14 daysNew

their trading account to be a ‘rolling fees-free’ account not charged with or entitled to rollovers and/or interest
Clause 13 (Islamic Accounts) in Client Agreement, p.18
Read from the broker's site on Open the reference

No payout deadline in Australia, payout method chosen for you offshore

EF Worldwide Ltd aims to pay withdrawals within two business days, while easyMarkets Pty Ltd's Australian documents set no deadline at all. The Australian entity accepts no liability for delays, and EF Worldwide can pay your profits by a method and in a currency it chooses.

Exit conditions2 clauses flagged

Neither easyMarkets Pty Ltd's Client Agreement nor its PDS says how long it may take to pay out a withdrawal. After a default, the agreement also lets it hold money it owes you against debts you might owe one day.

Why this matters

If a payment is slow, you have no date to hold easyMarkets to, and it accepts no liability for the delay. The group's BVI contract promises best efforts within two business days, so a deadline is clearly possible.

Exhibit 16WarningHarder than usual

However, easyMarkets shall not be liable under any circumstances for any direct, indirect or consequential loss (including any loss of profits) incurred as a result of a delay in funds reaching the Client’s nominated account.
Clause 29.5 in Client Agreement, p.28
Read from the broker's site on Archived copyOpen the reference

Buried at section 87 of 98 in the Client Agreement, 89% of the way through.

EF Worldwide Ltd can accept or decline a withdrawal depending on the payment method you choose. If you deposited by crypto wallet, it pays your profits by a method it selects, and you bear all the charges.

Why this matters

Your profit can arrive by a route and in a currency you did not ask for, with transfer fees and exchange losses taken from it. The contract's one comfort is a best-efforts aim of two business days.

Exhibit 17WarningHarder than usual2 working days

We reserve the right to accept or decline any funding and/or withdrawal request by you depending on the payment method.
Clause 4.9.4 in Client Agreement, p.12
Read from the broker's site on Open the reference

Some easyMarkets documents still send complaints to a body closed in 2018

Two easyMarkets documents still send complaints to the Financial Ombudsman Service, which AFCA, Australia's free financial ombudsman, replaced in November 2018. The PDS names AFCA correctly and promises a final answer generally within 30 calendar days. Separately, the Client Agreement holds easyMarkets liable for failed orders only where it acted with wilful misconduct.

Complaint routes2 clauses flagged

easyMarkets' 2015 Financial Services Guide on easymarkets.com.au and its October 2025 Dispute Resolution document both tell you to take complaints to the Financial Ombudsman Service. AFCA, the Australian Financial Complaints Authority, replaced that body in November 2018, and the PDS names AFCA correctly.

Why this matters

If you follow the wrong document, you can lose time chasing a body that no longer takes complaints. The Dispute Resolution document also allows 45 days, where the PDS promises a final answer generally within 30 calendar days.

Exhibit 19Warning45 days

If you are dissatisfied with the outcome of our investigation, you have the right to complain to the Financial Ombudsman Services
Quoted in Financial Services Guide
Read from the broker's site on Open the reference
Set against a regulated standard: ASIC (Australia)

ASIC requires licensees serving retail clients to belong to AFCA and, under its complaints rules, to give a final answer to most complaints within 30 calendar days. easyMarkets' PDS and October 2025 Financial Services Guide say this; two of its other published documents do not.

easyMarkets is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

The Australian contract says easyMarkets is not liable for delays, failures or errors in filling your orders unless it acted with wilful misconduct. EF Worldwide Ltd caps anything it owes you at the money in your account for that trade.

Why this matters

A careless error by easyMarkets that costs you money may leave you with no claim under the contract. In Australia, clause 29.6 preserves your statutory rights, so the law still protects you where the contract does not.

Exhibit 20WarningHarder than usual

However, easyMarkets shall not, in the absence of wilful misconduct, be liable for delays, damages, failures or errors in the completion of the Contract order.
Clause 17.1 in Client Agreement, p.20
Read from the broker's site on Archived copyOpen the reference

Buried at section 61 of 98 in the Client Agreement, 62% of the way through.

One passport for EF Worldwide, open-ended data keeping in Australia

Since 12 October 2026, EF Worldwide Ltd accepts only an international passport to verify your identity, and unverified clients cannot deposit or trade. easyMarkets Pty Ltd shares your personal data with group staff in Cyprus and keeps it for as long as it considers necessary.

Identity and data2 clauses flagged

Since 12 October 2026, EF Worldwide Ltd's contract lists a single identity document it will accept from you: an international passport. The February 2026 version also accepted a national ID card or a driving licence.

Why this matters

Without a passport you may be unable to finish verification, and unverified clients cannot deposit or trade. Failing a verification request is now a stated reason for EF Worldwide to terminate your account immediately.

Exhibit 22WarningHarder than usualNew

Identity verification: To verify your identity, you must provide us with one of the following government-issued identification documents:
Clause 4.4.2 in Client Agreement, p.8
Read from the broker's site on Open the reference
  • Worse together with Exhibit 12The passport-only rule came in through a change that needed no notice, and EF Worldwide can ask any client to verify again.

easyMarkets Pty Ltd shares your personal data with group companies and staff located in Cyprus. It keeps the data for as long as it considers necessary for legal or business purposes, with no period stated.

Why this matters

Under the policy, visiting the website counts as consent, and easyMarkets may gather information about you from your social media contacts. The Client Agreement also stops you claiming if a third party intercepts your messages.

Exhibit 23NoticeStandard wording

The Companies and the recipients are located in Cyprus.
Clause 9(a) in Privacy Policy, p.6
Read from the broker's site on Archived copyOpen the reference

Buried at section 32 of 45 in the Privacy Policy, 71% of the way through.

easyMarkets says it wins when you win; its PDS says otherwise

The easymarkets.com.au homepage says easyMarkets wins when you win, but its PDS says it may benefit directly when you lose. easyMarkets Pty Ltd takes the other side of your trades and mirrors them with its parent company. It also decides later whether your click becomes a trade, and need not tell you if it does not.

Whose side1 clause flagged

When you click buy or sell, easyMarkets has a discretionary right to create the trade within a reasonable time. If it declines, it need not give a reason or even tell you.

Why this matters

You could believe you hold a position that never existed. The price you were shown is only an indication, and easyMarkets chooses the price at which it finally fills your order.

Exhibit 15WarningHarder than usual

then easyMarkets shall have a discretionary right to create a Contract within a reasonable time after receiving the Instructions.
Clause 7.4 in Client Agreement, p.12
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 36 of 98 in the Client Agreement, 37% of the way through.

Twelve quiet months cost $25, or your whole small balance

After 12 months without a transaction, easyMarkets charges a dormant account $25, or the entire free balance if it holds less. EF Worldwide Ltd repeats the charge every six months, and both entities may close an account once it reaches zero.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

After 12 months with no transaction, easyMarkets treats your account as dormant and charges a $25 maintenance fee. If your balance is under $25, it takes the whole balance instead.

Why this matters

A forgotten account loses $25 each time the fee runs, and a small balance disappears in one charge. EF Worldwide Ltd's contract repeats the fee every six months, while the Australian PDS does not say how often.

Exhibit 18WarningStandard wording$25

Should there not be any transactions in your account for a period of 12 months, then your account will be considered to be dormant.
Clause 13.2 in Product Disclosure Statement, p.36
Read from the broker's site on Open the reference

Buried at section 182 of 244 in the Product Disclosure Statement, 75% of the way through.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
After 12 monthsWith no transaction in that time, easyMarkets treats the account as dormant.13.2
DormanteasyMarkets charges a $25 maintenance fee, or the whole free balance if it is under $25.13.2
Twice a yeareasyMarkets reviews dormant accounts.13.2
Zero balanceNo fee is charged, but easyMarkets may close the account.13.2

Professional status and two contract versions change what you sign

easyMarkets Pty Ltd puts a Pro Trader link at the top of its Australian pages. Becoming a Professional client ends negative balance protection, the promise your account cannot go below zero, and lets easyMarkets use your money for its own obligations. Its two Australian websites also publish different versions of the Client Agreement, dated December 2025 and February 2026.

Client category2 clauses flagged

easyMarkets puts a Pro Trader link at the top of its Australian pages, inviting you to become a Professional client. If you accept, you lose negative balance protection, the promise that your account cannot go below zero.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

After a sharp market move, a Professional client can owe easyMarkets more than they deposited. While easyMarkets uses a Professional client's money for its own obligations, the contract says that money no longer belongs to the client.

Exhibit 24WarningStandard wording

Also, some features of our products (like Negative Balance Protection) are not available to wholesale clients.
Clause 2 (Retail clients) in Product Disclosure Statement, p.4
Read from the broker's site on Open the reference

Buried at section 69 of 98 in the Product Disclosure Statement, 70% of the way through.

Set against a regulated standard: ASIC (Australia)

ASIC's product intervention order gives leverage caps and negative balance protection to retail clients only. easyMarkets' February 2026 agreement adds a separate dynamic leverage model for Professional clients, and its bonus offers require Professional status.

easyMarkets is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

If you read the contract on easymarkets.com.au, you see a Client Agreement dated 12 December 2025 and a PDS from March 2025. easyMarkets' legal listing on easy-markets.com carries newer versions of both, dated 6 February 2026, with different Islamic account rules.

Why this matters

The agreement you read on one site may not be the one you accept at sign-up. Check the date on the version the sign-up screen shows you.

Exhibit 25Notice

12 DECEMBER 2025
Quoted in Client Agreement, p.32
Read from the broker's site on Archived copyOpen the reference
  • Worse together with Exhibit 9A reader of easymarkets.com.au sees Islamic positions simply expire at 14 days, while the newer agreement keeps them open and charges swap fees.

EF Worldwide clients take disputes to the British Virgin Islands

EF Worldwide Ltd's client agreement sends unresolved disputes to an agreed arbitrator and then to the courts of the British Virgin Islands, under BVI law. Its complaints policy offers no ombudsman, only the BVI Financial Services Commission or the courts.

Forum1 clause flagged

With EF Worldwide Ltd, your unresolved dispute goes to an arbitrator both sides must agree on, then to the courts of the British Virgin Islands. Its complaints policy offers no free ombudsman, only the BVI regulator or the courts.

Why this matters

For most clients, suing a company in the Caribbean costs more than the money in dispute. Clients of the Australian entity can take the same complaint to AFCA, a free ombudsman.

Exhibit 21NoticeStandard wording

If we still cannot reach an agreement with you, the issue will be resolved before the Courts in the British Virgin Islands under the laws of the British Virgin Islands as governing law.
Clause 29.1 in Client Agreement, p.32
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The homepage presents easyMarkets as winning alongside you, while the PDS says it can profit directly from your losses.

Said in public, in English

We understand that we win if you win, which is why we regularly create unique offers and promotions to deliver our traders the best experience.

easymarkets.com.au homepage, View Current Promotion panel

In the contract · clause 12.17

If the market moves against you and you lose on a deal, we may directly benefit from that deal.

02

The guide denies any relationship that could influence easyMarkets, yet the PDS says it mirrors client trades with its own parent company.

Said in public, in English

We do not have any relationships or associations which might influence us in providing you with our services.

Financial Services Guide on easymarkets.com.au, associations and relationships section

In the contract · clause 12.6

To hedge risk, easyMarkets enters into back-to-back hedges with its parent company, Blue Capital Markets Limited.

03

The Australian retail site advertises a bonus that easyMarkets' own bonus terms deny to Australian retail clients.

Said in public, in English

Up to $2000* Bonus with the Best Risk Management Platform

Banner headed Try EASY-FOREX TODAY on an easymarkets.com.au options lesson

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of easymarkets.com.au

In the contract

This Promotion is not applicable to Australian or Singaporean Retail Clients.

04

The page promotes the offshore leverage offer, then has you confirm that nobody in the group promoted anything to you.

Said in public, in Arabic

تداول برافعة مالية تصل إلى 1:2000 على MT5.

Word for word in English: Trade with leverage of up to 1:2000 on MT5.

Promotional banner on easyMarkets' Arabic Markets Glossary page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of chn.yixinchina.pro

In the contract

قبل أن تمضي قدمًا، يرجى تأكيد أن القرار قد اتخذ بصورة مستقلة وبمبادرة شخصية منك، وأن إيزي ماركتس، أو أي كيان آخر في المجموعة، لم تقدم أي استدراج أو توصية

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05

The box that calls the Seychelles account equally secure says a few lines later that no investor compensation scheme applies.

Said in public, in Arabic

وسيسجل حسابك التداولي مع EF Worldwide المحدودة - سيشل، والتي تتمتع بنفس المستوى المرتفع من الأمن والخدمات.

Word for word in English: and your trading account will be registered with EF Worldwide Ltd - Seychelles, which enjoys the same high level of security and services.

Account registration box on the same page, Seychelles option

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In the contract

علاوة على هذا، ليس هناك حكم لخطط تعويض المستثمرين.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of chn.yixinchina.pro

What changed quietly

Nothing can be compared yet, because easyMarkets' legal documents have no earlier review.

  • REMOVEDClause · 2025-04-19 (archived) to 2026-10-22

    The Australian site's footer no longer tells you that easyMarkets' parent company, which it hedges your trades with, is not regulated by ASIC.

  • REWRITTENClause 13 (Islamic Accounts) · 12 December 2025 to 06 February 2026

    Islamic account positions no longer close at 14 days; they stay open and start paying swap fees.

    To deter abuse practices, note that swap fees will be charged on any position (on MT4 and MT5 platform) which is left open for more than 14 days.

  • ADDEDClause 13 (Islamic Accounts) · 12 December 2025 to 06 February 2026

    The Islamic account section now adds swap fees on crypto positions held more than seven days.

    Swap Fees on Cryptocurrencies (only on MT4 & MT5 Platform): Swap fees will be imposed on positions on cryptocurrencies which are held open for more than 7 days.

  • ADDEDClause 27.2 · 12 December 2025 to 06 February 2026

    A new clause gives Professional clients a separate dynamic leverage model outside the retail caps.

    27.2. Dynamic Leverage Model: For Professional clients as per the Professional and Wholesale clients’ requirements, easyMarkets applies a dynamic leverage model whereby the maximum available leverage and margin requirements may vary based on position size (in lots).

  • ADDEDClause 12.5 · 09 March 2025 to 06 February 2026

    The PDS now describes the same dynamic leverage model for Professional clients.

    Dynamic Leverage Model: For Professional clients as per the Professional and Wholesale clients’ requirements, easyMarkets applies a dynamic leverage model whereby the maximum available leverage and margin requirements may vary based on position size (in lots).

  • REWRITTENClause 1.5 · 06 February 2026 to 12 October 2026

    Acceptance no longer needs a click: continuing to use the service now counts as agreeing to the terms.

    Notwithstanding anything to the contrary, by continuing to use our products and services you are implying that you have read and accepted the terms and conditions of this Agreement.

  • REWRITTENClause 4.4.2 · 06 February 2026 to 12 October 2026

    The list of accepted identity documents shrank from three to one, an international passport.

    Identity verification: To verify your identity, you must provide us with one of the following government-issued identification documents: • International Passport

  • ADDEDClause 9.3 · 06 February 2026 to 12 October 2026

    Failing a verification request became a listed reason for immediate termination.

    • failure to verify your identity or other information as requested by the Company;

The documents this reading is based on

21 files, all published by easyMarkets. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording easyMarkets publishes.

How this reading was done

Every clause above was read out of a document easyMarkets publishes itself

This reading was published on .

Documents
21 of 21downloaded from the broker's site, and 21 read in full
Pages opened
80pages walked to find those documents, footer links included
Older copies
5earlier versions downloaded, 2 identical to the copy we hold by fingerprint
Marketing pages
11public pages set against what the contract says
Languages
AR vs ENthe language it advertises in, against the language it contracts in
Position measured
16clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

easyMarkets Pty Ltd

If you sign up through easymarkets.com.au, you contract with easyMarkets Pty Ltd, ACN 107 184 510, AFSL 246566. Its PDS describes it as a majority-owned subsidiary of Blue Capital Markets Ltd, the parent it hedges client trades with. The group's sign-up box routes other visitors by country of residence: EU residents to Easy Forex Trading Ltd in Cyprus, most others to EF Worldwide Ltd. EF Worldwide Ltd is incorporated and licensed in the British Virgin Islands, and the group also opens accounts with an EF Worldwide Ltd licensed in the Seychelles. Its October 2026 agreement says Easy Forex Trading Ltd processes its card payments. Findings that name EF Worldwide Ltd come from its BVI agreement and apply only if you are routed there.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

easyMarkets Pty Ltd holds an Australian licence and gives retail clients negative balance protection. It keeps their money in a trust account and may not use it for its own capital or hedging. Its PDS works through ASIC's seven disclosure benchmarks and openly admits the one it does not follow, on credit card funding. Complaints get an acknowledgement within one business day, a final answer generally within 30 calendar days, and access to AFCA, a free ombudsman. EF Worldwide Ltd's bonus rules leave your own deposit withdrawable without any trading volume. Every document carries a date, which is how we could see exactly what changed in 2026.

This review covers easyMarkets Pty Ltd's Australian documents and EF Worldwide Ltd's British Virgin Islands client agreement, bonus rules and complaints policy. It does not cover the client agreements of Easy Forex Trading Ltd, which serves EU residents, or of EF Worldwide Ltd's Seychelles business. So we did not test the European marketing pages against a European contract. We also did not read three of the four Australian target market determinations, or the Australian risk disclaimer, regulation and benchmark documents. The review also leaves out the Australian Pro Trader and promotions pages, and EF Worldwide Ltd's privacy, conflicts and order execution policies. The archived copies of the December 2025 agreement and March 2025 PDS match today's files exactly. Our version comparison therefore uses the February 2026 Australian copies and the two 2026 BVI agreements on static.easy-markets.com. Only the first part of the archived 2025 glossary is compared with today's page.

How to check any of this yourself

Every quote above links to the easyMarkets file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document easyMarkets publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge easyMarkets on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 22, 2026.

If you represent easyMarkets and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on easyMarkets. Whether its licence is real and current is a separate check on the broker profile.

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