Easy Forex Overview
Easy Forex was launched during the year 2001 in Cyprus, and over the last 15 years, Easy Forex has gone on to become one of the most established mainstream forex brokers in the industry. Easy-Forex has a significant presence in Europe and Australia; however, they do not accept clients from the US.
Ever since the concept of online trading started gaining prominence among the general internet audience, Easy-Forex has been at the forefront of currency trading. With an initial deposit as low as $25 and a leverage as high as 1:400, we make an attempt to perform a comprehensive Easy Forex review to learn more about the different products and services that the company has to offer.
Easy Forex Regulation & Licensing Information
Regulation is the most important part of choosing a forex broker, as a regulated broker can mostly guarantee the safety and security of their clients’ funds. Regulation has become an industry norm for all brokers, and Easy Forex is not different to its peers in this regard. Being located in the Cyprus, Easy Forex is regulated by the CySEC, while they are also regulated by the ASIC in Australia. As far as regulation is concerned, the ASIC and CySEC are the usual suspects, but the absence of regulation from the FCA or the CFTC does not induce much confidence, especially considering the fact that Easy-Forex does not allow traders from the US to open an account with them. It should also be noted that Easy Forex was fined by the CySEC for alleged infringement of advertising policies.
What Can You Trade at Easy Forex?
Easy Forex offers an exhaustive list of trading instruments for the discerning trader. Most Forex brokers restrict their traders to major currencies and a few commodities at best. However, Easy Forex gives their clients access to the complete list of currency pairs, precious metals, energy commodities, agricultural commodities, global indices, and options. Therefore, Easy Forex should be a great choice for a trader who would like to diversify their trading portfolio by investing in different trading instruments across the globe.
Easy Forex Account Information, Spreads, & Leverages
Easy Forex is pretty straightforward in their approach by offering two different account types. The demo account is merely a trading simulator that offers the freedom for traders to test the efficiency of the broker while the real account offers all the bells and whistles of a real trading account. The deposits start at $25, and the trader has the option of choosing leverage up to 1:400. The typical spreads start from 0 pips, but Easy Forex is known to increase the spreads during major news announcements or during low volatility. On an average, Easy Forex offers a low spread of 1 to 3 pips on most major currency pairs.
Easy Forex keeps their clients’ funds in segregated accounts, which in turn guarantees the safety of funds. Traders can deposit funds in any basic currency, including the Euro, GBP, CNY, AUD, PLN, ILS, ZAR, NOK, JPY, and the USD. Funds can be deposited via credit cards, PayPal, or bank transfer.
What Trading Platforms Do They Offer?
Easy Forex is committed to offering a wide range of trading platforms to their clients, which gives you the freedom to choose the perfect trading platform according to your needs. You can choose the traditional Meta Trader platform for your computer, or you can also use the browser powered Web Trading platform for on-the-go trading. Easy Forex also offers a mobile trading platform; however, it is only designed for the iOS. Android and other mobile users don’t have a trading platform at present, but Easy-Forex is rumoured to be working on a mobile trading platform for the Android OS.
Easy Forex Customer Service
Customer service is not an entirely strong suite for Easy Forex, as different clients have different opinions on the efficiency of their customer service department. Overall, Easy Forex has a generally positive feedback when it comes to customer service, but some users have complained about the know-how, responsiveness, friendliness, and expertise of the customer service representatives for specific problems. Each client is assigned an account manager, but these account managers are naturally oriented towards offering better support to large clients with larger deposits.
Clients can contact the company representatives through email 24X7, or by phone at their local offices in Cyprus and Australia. However, there are no toll-free numbers for traders from other countries, which is a bit of a drawback, but you can chat with a representative by using the live chat option. The company offers support in 12 languages, including English, which is certainly a great indication of their dedication towards offering the best in customer satisfaction to a global audience.
Is There An Initial Deposit Easy Forex Bonus?
The company does not offer extravagant Easy Forex bonuses; neither do they promise any impossible claims. However, they do offer an excellent 20% initial deposit bonus of up to $2000. They also provide a unique promotion by which you are offered a risk-free trade of up to $200. You will be credited $200 to your account, immaterial of whether you win or lose your trade, therefore, by depositing $200, you can either double your money, or you can enjoy a break-even trade.
Easy Forex Review Conclusion
Easy Forex can be considered as a reliable Forex broker, and their years of experience in the industry should be favourable for new as well established traders. The sheer variety of trading instruments and the number of platforms on offer, along with a low initial deposit should be a good proposition for those who wish to trade in the global markets without any major restrictions.
Trade and enjoy up to €2000 bonus!
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