EASY FOREX REVIEW
Easy-Forex Worldwide Ltd.
Easy Forex is a forex broker with more than a decade long history. Headquartered in Limassol Cyprus, the firm has offices in the UK, Poland, Australia and Shanghai. Easy Forex holds the Australian Financial Services (AFS) Licence 246566 and license from Australian regulator ASIC, and the similar regulatory bodies in the EU. As of July 2010, Easy-Forex no longer accepts U.S. clients and are no longer members of the NFA.
Company Overview
The company is engaged in forex trading in nearly 150 countries. Easy-Forex provides convenient products and customer service for all its forex customers. The company provides trading platforms for both forex and commodities for desktop, mobile and tablets. The company is at the forefront of technological innovations, and also brings the latest innovations in forex trading to its customers. The company offers personalized forex training, customer support specialists, reward programs and institutional partnership programs.
Products and Accounts
Easy-Forex focuses on products such as metals, energy commodities, agricultural commodities, indices and options, in addition to currency trading. You can open an account in few minutes, and start trading currencies. You can open an account online by providing your personal details and selecting a user login. Experienced customer support personnel are available to help you with the account opening process, and to help with your first trade. You can perform day trading as well as forward deals from your Easy-Forex trading account. Easy-Forex offers all major currency pairs for trading in your account.
Easy-Forex provides 4 types of accounts with varying margin requirements and spreads. Easy-Forex also provides customized accounts for regular traders. An Easy-Forex account manager is available to help customers decide the best account type. Easy-Forex also offers Islamic trading accounts with no rolling fees, and the ability to extend day trading deals to the following day.
Account Options
Broker Type: Market Maker
Account Currencies: AUD, JPY, GBP, CHF, NZD, NOK, PLN, TRY, USD, ZAR, MXN, CAD, CZK, EUR, SEK, SGD, HKD, CNY
Minimum Deposit: $25
Forex Majors Spread:
EUR/USD: 1.8
GBP/USD: 3.3
USD/JPY: 2.6
Maximum Forex Leverage: 400:1
Minimum Trade Size: 5000
Scalping: Yes
Hedging: Yes
Free Demo Account: Yes
Traders From USA: No
Islamic Account: Yes
Deposit and Withdrawal Options: Visa/Mastercard/Maestro/Visa Electron/JCB/Union Pay/ Skrill/American Express
Trading and Investment Tools
Trading Platforms Easy-forex (TradeDesk) By Easy Forex
WebTrader By Easy Forex
MetaTrader 4 Mobile By Meta Quotes
iPhone App By Easy Forex
Mobile By Easy Forex
MetaTrader 4 By Meta Quotes
Stop Order: Yes
Limit Order: Yes
Market Order: Yes
Trailing Stop Order: Yes
OCO Orders: Yes
One Click Trading: Yes
24hr Trading: Yes
Charting Package: Yes
Trade off Charts: Yes
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes
Commissions and Spreads
Easy-Forex offers the lowest possible 0 pip or 1 pip spreads to its customers. Easy-Forex offers fixed spreads, regardless of the market conditions. Easy-Forex charges only fixed spreads and rolling fees. There are no other commissions or deposit fees. The company does not have any margin requirements on any of the trading platforms.
Deposits and Withdrawals
Easy-Forex allows the customer to login to its website, and deposit money using a credit card or wire transfers. Easy-Forex accepts the deposits in up to 12 different currencies. You need to provide the details of the source bank account or credit card, before starting the deposit process. To ensure safety and protection, Easy-Forex requires customers to provide identification documents such as copy of passport or ID card. Additionally, Easy-Forex requires proof of residence and copy of credit card.
You can withdraw money by logging into your account and navigating to the Trade section. You will need to provide the required documentation to withdraw funds. The funds are typically delivered to the credit card or bank account provided by the customer during the account opening process.
Service Details
Supported Languages: Arabic, Chinese, English, French, German, Greek, Hindi, Polish, Spanish, Urdu, Vietnamese
Customer Service By: Call Back, Phone, Chat, Email
Customer Service Hours: 24/5
Telephone Orders: Yes
Personal Account Manager: Yes
Customer Support
The company offers a personal trading service with the help of dedicated account managers. You can seek the help of account managers for one-on-one personal training. Easy-Forex managers provide professional market insights to all their customers.
Regulations
Easy-Forex is licensed for trading in Australia, and is authorized by the Australian Investments and Securities Commission. The Cyprus Securities and Exchange Commission also authorized the services of Easy-Forex in Cyprus. The company has offices worldwide, and the company adheres to local rules and regulations in all its trading centers around the world. Forex trading is regulated by regional government agencies, and Easy-Forex complies with all the local rules and regulations.
Promotions
Easy-Forex currently offers two promotions, the Turn Your Insights and Win and Wind Again programs. The Turn Your Insights bonus program allows customers to open a new account, and get a 20 percent bonus on initial deposits up to $2,000. The Win and Win Again program allows you to trade up to $200, and Easy-Forex doubles your winnings. If you lose, Easy-Forex covers your losses.