Easy-Forex Broker Review
| Leverage | 1:50, 1:100, 1:200 |
| Minimum Deposit | $25 |
| Minimum Transaction Size | $5,000 – $500,000 |
| Broker Type | Market Maker |
| Deposit methods | Bank WIRE, Credit Card, Paypal |
| Spread | Fixed, minimum 3 Pips |
| Regulation | EU: CySEC 079/07, Australia: ASIC AFSL 246566 |
| Trading Platform | Web Trading, Trade Desk™, MT, Zulu Trade, Mobile Trading |
| Restrictions | US based traders not allowed |
In the easy-forex broker review, one reason why easy-forex has quickly become one of the biggest players in the Internet-based currency trading market is because Easy-Forex appeals to many investors and forex traders looking for an easy entry into trading the currency markets. easy-forex is a forex broker that is regulated by the Cyprus Securities and Exchange Commission, License No. 079/07 and ASIC AFSL 246566, Australia. easy-forex is a proprietary foreign currency exchange trading platform and was the first to offer a no download trading platform. A tool called the Visual Trading Machine™ is an online forex trading platform providing forex traders the ability to trade any time or place without having to download any trading software.
easy-forex broker offers their trading services in English, Arabic, Chinese, Hebrew, Polish, Greek, and German and also provides Forex Islamic account terms, also known as swap free forex accouts and Orthodox Jewish account transaction permits. When first setting up a trading account with the easy-forex® platform you may define the type of account you wish to use according to the level of risk you are willing to take.
The type of the account you choose at easy-forex will also determine the spread and leverage offered to the trader, ranging from 10 pips for a mini-account, 7 pips for gold accounts, 5 pips for platinum forex accounts and 3 pips for tailor made trading accounts with easy-forex.
Forex Trading Platforms- easy-forex
The easy-forex broker caters to just about any type of trader’s appetite. This is well obvious in the different trading platforms offered, which are:
- Web Trading Platform
- Trade Desk™
- MT4
- Zulu Trade
- iPhone
- Blackberry
It must be noted that forex scalping is allowed only on the MT4 trading platforms with easy-forex, both download-able and Windows based mobile platform.
Types of Accounts
easy-forex has a range of different trading accounts with varying benefits, leverage and spreads. With the help of a personalized Account Service Manager, you can choose the right forex trading account that is best for you. Sharia law accounts are also available.
The four main forex trading account types to choose from easy-forex are:
- Mini Acount
- Minimum Deposit: 25
- Minimum deal size: $5000
- Minimum Margin-Risk: $25
- Gold Account
- Minimum Deposit:$500
- Minimum deal size: $50,000
- Minimum Margin-Risk: $$250
- Platinum Account
- Minimum Deposit: $$5000
- Minimum deal size: $250,000
- Minimum Margin-Risk: $1,250
- VIP Account
- Minimum Deposit: $10,000
- Minimum deal size: $500,000
- Minimum Margin-Risk: $$2,500
easy-forex Customer Support
Each new trader at easy-forex is assigned a personal account service manager to provide help in using the system and learning how to trade the currency, commodity markets. The other help options include a guided tour of the easy-forex trading platform, trading seminars, one-on-one training, online chat, telephone and technical support. A glossary of terms, a currency trading e-book, and set of training videos are also provided online to easy-forex traders.
Deposits and withdrawals at easy-forex
At easy-forex, traders can deposit funds through Credit Cards, Paypal or WIRE transfer and accept deposits in 12 major currencies. The minimum deposit is $25. When you register with easy-forex® you are required to fax, or scan and email, your passport or ID card; a bill or statement (e.g. telephone bill, bank statement) showing your residential address; and both sides of your credit card. We do this to ensure the safety and validity of your account. In order to withdraw funds, you will find withdrawal forms in ‘My Account’ in the Trade section of the website. To withdraw money you must have supplied the required documentation. A withdrawal to a bank account where initial deposits have been performed by credit cards will be executed back to credit card or to bank account at company’s discretion and policies and with regard to Anti Money Laundering (AML) regulations.
Why choose to trade forex with easy-forex
There is no annoying software to deal with when using easy-forex.com. Anyone who’s had their fair share of setup problems and program glitches can appreciate this aspect of the service. By not relying on computer software installed on your own computer, easy-forex® can offer you its currency trading service anytime and anywhere. easy-forex® also allows its users to indulge in trading of precious metals such as gold and silver which broadens its appeal and augments its clientele, in addition to provision of best options like web based trading, no commissions charging, live real time quotes and a nifty stop loss guarantee.
