Easy Forex started its services in 2003 and since then it is operating in more than 150 countries. Easy Forex is licensed broker from the Cyprus, USA, and Australia. It is a rare scene these days that a broker is licensed from more than one regulatory authority.
EasyForex is a main supplier of internet exchanging administrations. This forex specialist is authorized and approved by Cyprus Securities Exchange Commission CySEC and is permitted to execute business in the EU through the MiFID mandate. EasyForex was built up in 2003 and its overall home office is situated in Cyprus. The organization additionally has European and Asia Pacific home office in Limassol, Cyprus and Sidney, Australia, separately. At Easy-Forex, dealers get up to 100% welcome reward after saving assets to their exchanging accounts. Simple Forex has three noteworthy exchanging account sorts.
Pros and Cons
1. While trading, a trader can get freeze rate option.
2. No commission is charged on deposits and withdrawals.
3. Customer services are very responsive and knowledgeable.
4. If you are an active trade, you can negotiate on the spread rate.
5. The Easy Forex is regulated by multiple countries.
6. Personal account manager is present to assist in trading.
1. Withdrawals can be only carried out through Wire transfer who is very time consuming.
2. Hedging and scalping are not allowed.
3. In gold and mini accounts, spread is bit higher.
1. Spread: Spread rate is fixed on all types of accounts. The Easy Forex is following the standards of industry and offering three spreads on EUR/USD. However, for and Gold and Mini accounts, the spread rate is four pips.
2. Leverage: The leverage starts from 1:50 and goes up to 1:200. However, the leverage even goes beyond 1:200 on some accounts.
3. Commission and Fee: Zero commission is charged on the deposit and withdrawals. However, they charge a small amount of a fee for the dormant and rolling account.
4. Minimum Deposit: The mini required deposit is $25, which is only applicable for the mini account. The amount increases up $10,000 for exclusive and VIP accounts.
5. Strategies: Hedging and scalping is not allowed on the Easy Forex. Islamic account is allowed along with trailing stop techniques.
6. Trading Platform: Two trading platforms Tradedesk and MT4 are being used by Easy Forex. Both platforms can be used after downloading from the website of Easy Forex. Along with that, web and mobile trading are also allowed.
7. Citizenship: There is no restriction on citizenship. Even people from US can use this broker. Easy Forex is in service for more than 150 countries.
8. Instruments: along with currency trading, Easy Forex allows oil and metals trading.
9. Execution: With “one-click-trading” methods, trading execution can be made on an instant basis.
Easy Forex has maintained a good repute worldwide, and it is an easy to work with a platform. Fast execution, wider acceptability, zero charges on withdrawals and deposits makes this platform worth having. However, the only downside of this platform is the high level of spread on small accounts.