EasyForex – The Best Forex Broker?
Read our EasyForex Forex broker review below...
...EasyForex was established in 2003 and currently acts as a broker with global reach. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, commodities and metals, to options on both its proprietary platform and the ever popular MetaTrader.
Simple and professional business solutions. From world-class trading platforms with expanded order execution and risk management tools to real-time market data and real-time streaming, Easy-Forex ® helps partners deliver advanced trading technologies and solutions to customers worldwide.
Easy-to-use web trading platform
Helpful and reliable customer service
Great deposit and withdrawal tools
Exclusive market news and analysis
ASIC & CySEC licensed & regulated
Limited product portfolio
Limited research tools
Not available for USA traders
High trading fees
Slightly long withdrawal time of 5 days
Easy-Forex is a foreign exchange trading firm with headquarters in Limassol, Cyprus. It has offices in London, Sydney, Melbourne, Limassol and Warsaw. It is registered in Cyprus with the Cyprus Securities and Exchange Commission (CySEC) with reference number 079/07. It is also registered with the Australian Securities and Investments Commission (ASIC) with reference number AFSL 246566. Easy-Forex is also registered in the United States, the European Union. It has been operating since 2003, and is a pioneer in developing technologies for Forex Trading on the internet with the use of a computer desktop application, via a web-browser and with mobile apps.
Easy-Forex supports MetaTrader 4 (PC, Mobile, iPhone and iPad, Blackberry, Android and web-based), iPhone App, Web Trading and Trade Desk for its client trades. This allows clients to make their trades from their computer desktop, web browser or their mobile device. These trading platforms allow the programming of trading strategies for automated trades. These platforms also have powerful charting capabilities for technical analysis. EasyMarkets also offers its customers a demo account where they can get brief information about trading before real trading. This allows them to get an idea of how you feel when trading, practice trading and test new strategies without risking your real capital.
Easy-Forex is featuring four types of trading accounts: Mini, Gold, Platinum and VIP accounts. The minimum first deposit is $25 for Mini; $500 for Gold; $5,000 for Platinum; and $10,000 for VIP. The minimum deal size is $5,000 for Mini; $50,000 for Gold; $250,000 for Platinum; and $500,000 for VIP.
All the accounts have access to a one-on-one training, internet chat and access to all platform features. However, the Mini account does not have other Easy-forex Premium Benefits and Services and Dealing Room Clients. Premium Benefits include SMS live market alerts and technical analysis signals. The Dealing Room Clients services include a personal dealer, a Dealing Room chat and special offers. Gold accounts do not have access to other Dealing Room client services like a higher Dealing Room leverage and professional charting. Only VIP clients have access to the following Dealing Room client services: market update calls by dealers, call levels by dealers and custom technical analysis reports. The different account types also have different spreads for trading currency pairs. Currently, there are 43 currency pairs for trades including exotics. Trading is done 24 hours daily basis and 5 days in a week. Its leverage is equivalent to 1:400. They do not charge any commissions, and no associated costs.
Clients have the option to deposit accounts via bank transfer, debit and credit cards, PayPal and others. Withdrawals and deposits do not require a commission and do not require a minimum payment. But to withdraw funds through a bank account, a minimum amount of $50 is required.
Customer support is available in the following languages: Arabic, English, French, German, Greek, Spanish, Russian, Polish, Chinese, Japanese and Hebrew. EasyMarkets customer service representatives can be contacted at any time of the day during business days 5. They can be contacted by email, phone, fax or live chat.
Easy-Forex has been in operating for the past 10 years, and has introduced innovations in foreign exchange trading over the internet. With only $25 for an initial deposit, a person can start trading almost immediately. The accounts scale up quickly with programs for different types of clients.
Understanding the need of the client to invest funds in a dynamic investment tool, Easy-forex also has trades for CFDs, commodities, metals, cryptocurrency, oil and gold. Besides the internet, it also allows trading over the phone. Clients have their own Account Service Manager to provide training in the investor’s own language. Easy-Forex also has Professional Dealer services for experienced traders and major players.
Easy-Forex has been in the business for a long time, and even it helps make new investors feel at home, it caters best to big investors with prior experience in trading. It has a very good personal approach geared towards long-term investors.
EasyForex FAQ on the broker
1 Is EasyForex a regulated broker?
Yes, EasyForex is regulated by CySEC, MiFID, ASIC in Cyprus and others.
2 What trading platforms does EasyForex offer?
EasyForex offers the full suite of MT4 , Mobile, Web, Options.
3 What is EasyForex maximum leverage?
Maximum leverage at EasyForex is 1:400.
4 What methods can I use to deposit and withdraw funds on EasyForex?
Deposits and withdrawals with this broker can be done using these methods: Maestro, Mastercard, Visa, PayPal, Bank Transfer, Skrill, iDeal, WebMoney, JCB, UnionPay, GiroPay, Neteller, Fasapay, AmEx.
5 What is the spread of the EasyForex broker?
The spread for this broker is on average EasyForex is 0.9 - 1.9 pips.
6 What’s the minimum deposit to open a Live account at EasyForex?
The minimum deposit to open a Live account is 25 USD.
7 What cryptocurrencies are available at EasyForex?
In this broker are the following cryptocurrencies for trading: BTC/USD, ETH/USD, XRP/USD.
8 In what currency can I open an account with EasyForex?
With this brokers you can open an account in currencies: USD, CHF, EUR, AUD, JPY, SGD, NZD, GBP, CNY, NOK, ILS, PLN, CAD.
9 What Trading Instruments are available at EasyForex?
On EasyForex, you can trade financial instruments such as: Forex, ETFs, CFDs, Commodities, Metals, Stocks, Oil, Gold, Indices, Options, Crypto.