easyMarkets (easy-forex)

Details

Broker EasyForex
Website URL easy-forex.com
Founded 2003
Headquarters Cyprus
Support Types 24/5 Dedicated Support
Languages English, Spanish, German, Russian, French, Hebrew, Polish, Chinese
Trading Platform iPhone App, MetaTrader 4, Trade Desk, Web Trading
Minimum 1st Deposit $25
Minimum Account Size $25
Bonus 50% Deposit Bonus
Leverage 1:400
Free Demo Account Open Demo
Regulated Yes
Regulation CySEC, MiFID, ASIC
Account Types Standard account, Premium account, VIP account
Deposit Methods Debit/Credit Card, Neteller, Webmoney, BankTransfer
Withdrawal Methods Debit/Credit Card, Neteller, Webmoney, BankTransfer
Account Currency EUR, GBP, USD, CNY, AUD, PLN, ILS, ZAR, NOK, JPY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4,75/5

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Fixed spreads in all markets traded. This keeps the spread tight, which is one of your biggest expenses as a trader and allows you to news trade effectively.
  • Forex and Commodities available for trading.
  • The MetaTrader platform is well-known and reliable. It has been being used for years, and is very stable as one of the most widely used pieces of software in forex
  • Award Winning Platforms
  • Global Presence
  • 24/5 Dedicated Supporttrading.
  • Accounts can be started with as little as $25.
  • The deposit process is simple and quick, as you can use credit card, PayPal, and Wire Transfer.

Cons

  • US not allowed

Review

Easy-Forex, founded in 2003, is a leading provider of online trading services. It is headquartered in Cyprus with offices, FX trading rooms and customer support centers in over 160 countries worldwide. Easy-Forex assumes the position of a market maker, with its liquidity providers being UBS (in Switzerland) and The Royal Bank of Scotland (RBS). Easy-Forex is licensed in Cyprus by CySEC , in Europe with MiFID and in Australia by ASIC.

Why easy-forex – Benefits Playlist

Impression
Easy-Forex is a well-rounded dealer that offers many markets for traders to take advantage of the world’s markets. The firm is well-known and regulated in the EU in several countries, meaning that you can trust the validity of the company. They give the ability for traders to trade commodities as well as FX.

Platform
Easy-Forex uses the well-known MetaTrader4 and a web trading platform as well. This gives you great flexibility as you can log on to any computer and trade without having to install any software. The MT4 mobile is also available, as well as a BlackBerry version. There is also a Java-Based version called TradeDesk, and a Web Trader as well.

Customer Service
Easy-Forex offers phone support with several European-based numbers as well as a few other countries outside of the EU. The customer service personnel are also available via email, and are available 24 hours a day during the Forex sessions.Commodities and Indices are traded as CFDs and settle two working days prior to the underlying exchange expiry at 12:00 GMT. The expiration of each CFD is clearly stated in the trade ticket as are open positions and MT4 Market Watch. Options can be set to expire up to six months from initiation date. On any given day, options that expire do so at 10:00 AM New York Time.

Reliability
Easy-Forex is a very reliable dealer that also offers many other markets as well. The sheer volume of transactions that the dealer gets and transacts every month shows the reliability of the well-known broker. The platform (MetaTrader4) is one of the most common platforms, and transacts over 85% of daily FX trades, so you know it is reliable.

Commissions and Spreads
Easy-Forex has fixed spreads, allowing traders to know the cost of placing an order ahead of time. The broker is also good for trading news-related events because of this. The CFD and commodities trading has floating spreads, but you will find that they are extremely tight.

Bonuses/Promotions
There were several promotions going when doing this review. A 20% bonus up to $2000 was offered on a trader’s first deposit. With the Win-Win bonus, a trader need only make a deposit of any amount. If the trade comes in as a profit, easy-forex doubles the win; if it’s a loss, the broker will cover it up to $200. easy-forex makes option trading easy by offering $300 in risk-free trading to anyone opening an account. Should a trader decide to become an affiliate or introducing broker with easy-forex, he/she can receive up to $600 (for online affiliates) and up to $100 lot rebate (for introducing brokers). All partners earn 10% commissions from their sub-affiliates. There is also a Refer-a-Friend promotion where the referrer receives from $50-$500 on deposits of $200 to $5,000. The friend receives 50% of the reward.

Conclusion
Easy-Forex is a great all-around dealer in the Forex and commodity markets. Because of the MT4 platform, you can trust the trading software as well, since it is the best-known and most widely used software in the world.

Trading Accounts

Trading Accounts and Spreads

easy-forex® has a range of different forex trading accounts with varying benefits and spreads. With the help of a personalized Account Service Manager, you can choose the trading account that is best for you. Sharia law accounts are also available.

The three main trading account types to choose from are:

  • Standard account
  • Premium account
  • VIP account

OPEN AN ACCOUNT

Your invested capital is at significant risk

Benefits of different account types

*Key Features of the easy-forex® trading platform

Visit the easy-forex Trade Tools section of the website to view these features. Some of the key features include:

  • the Visual Trading Machine® is an online platform allowing you to trade anytime, anywhere without having to download software
  • the Inside Viewer® allows you to see real-time trades and trends based on what easy-forex® traders are trading
  • the Trade Controller® is a precision graphic instrument that allows you to check profit scenarios
  • the trade simulator lets you try out some trades without risk or obligation
  • the SMS alert service delivers vital market updates directly to your mobile
  • credit card deposits and withdrawals make it even simpler to start trading
  • daily and weekly Outlooks
  • live forex news and videos
  • continuous news feed from Reuters
  • financial indicators
  • interest rates table
  • customizable currency rates table and cross currency rates
  • fixed spreads
  • fractional pips

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