Easy Forex broker review
Easy forex is an international online brokers which is not yet used by a lot of traders. Easy Forex is an excellent broker if want to trade CFDs and Forex at low costs, because Easy Forex charges a lower pip spread than other popular brokers like Markets.com and Plus500… continue reading
Broker information
| Broker | Easy Forex |
|---|---|
| Website link | http://www.easy-forex.com |
| Founded in the year | 2003 |
| Main office based in | Cyprus |
| Contact possibilities | Email: info@easy-forex.com, Live Chat, Phone |
| Available languages |
English, Italiano, Deutsch, Malti, Español, Eλληνικά, Polski, العربية, Français, Pyccĸий, 繁體 |
| Trading platform | WebTrader, TradeDesk, Easy Forex on mobile, MT4 |
| Minimum first deposit | €25 |
| Minimum amount traded | €1 |
| Maximum amount traded | €50,000 |
| Welcome bonus | 20% first deposit bonus up to $2,000 |
| Leverage | 1:10 up to 1:100 |
| Spread | 2-3 pips per trade on average |
| Demo account | Click to open a Demo account |
| Regulated |  |
| Regulated by | Easy Forex is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) |
| Available accounts | Real money, Demo account, Standard account, Premium account, VIP account |
| Methods of deposit | Skrill/Moneybookers, Banktransfer, creditcard |
| Methods of withdrawal | Skrill/Moneybookers, Banktransfer, creditcard |
| Number of tradable Assets | 200+ |
| Types of tradable assets | Forex, commodities, indices, Vanilla options |
| US traders allowed |  |
| Trading on smartphone | |
| Trading on tablet | |
| Broker Score | 8.3 |
Complete Easy Forex Review
Easy forex is an international online brokers which is not yet used by a lot of traders. Easy Forex is an excellent broker if want to trade CFDs and Forex at low costs, because Easy Forex charges a lower pip spread than other popular brokers like Markets.com and Plus500.
If you don’t want to trade stocks, commodities, or indices, but solely forex pairs like EUR/USD, Easy Forex is a better choice. Easy Forex offers video tutorials and has a trading community in which you can participate after opening a demo or real money account.
With respect to demo accounts Easy Forex might well be the best broker on this website; where AvaTrade offers a $100,000 demo account for 21 days and Plus500 offers a $20,000 demo account without a time limit, Easy Forex offers a demo account without a time limit and with $50,000 virtual money.
Besides forex, you can also trade gold, silver, oil, and other commodities at Easy Forex. It is even possible to trade options with Easy Forex. Easy Forex even offers a bonus to options traders: the first $300 is risk-free, so if you make a losing trade, Easy Forex will cover your losses.
For novice traders who prefer to trade stocks, CFDs, and Forex, instead of options, there are other bonuses and promotions. These include a 20% deposit bonus on your initial deposit up to $2,000.
Forex software
The downloadable program TradeDesk from easy-forex provides an interesting approach to Forex trading. Rather than solid components, the software consists of separate modules (called “apps”) with which you can compose your own trading environment. Of course, the standard components are already included: real-time currency quotes, charts with technical analysis tools, and reports of open and closed positions. But there are also surprising apps, often visual, which give more insight into what is happening on the market. Among other things, a deal tester to test positions in advance, a visual economic calendar and a module with market information. This makes it very easy to customize the software to suit your individual needs.
Besides its customizable forex platform easy-forex also supports trading with the popular MetaTrader 4. This software offers a wide range of technical analysis tools and order types. For mobile traders easy-forex has a Smartphone version of its software. A unique app has been developed for iPhone and Blackberry. In addition, the mobile version of MetaTrader 4 is available for Windows Mobile. Finally, this forex broker also offers a web version of the forex software, which includes a limited selection of functionality from the TradeDesk program.
Regulation
The Australian activities of easy-forex are under the supervision of the Australian Securities and Investments Commission (ASIC). In order to comply with the European regulations on financial services this broker has also obtained a license from the Cypriot Securities and Exchange Commission (CySEC), where she is registered under license number 079/07. This means easy-forex has to comply with strict requirements and that your money is safe on your trading account.
Position Size and Spread
Easy-Forex allows positions from 5,000 units, which means that the minimum amount you risk on each position is $ 25 (with 200: 1 leverage). It is remarkable that a leverage ratio of less than 50: 1 is not possible. The spreads easy-forex charges are very competitive.
Advantages
- Low minimum deposit of $25
- Mobile trading with the outstanding app
- Very competitive spreads
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