Easy Forex Review

Overview

Founded in Cyprus back in 2003, Easy-Forex is one of the most established brands in the online trading industry. The founding members of the website, a group of bankers and… more

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Details

Broker Easy Forex
Website URL www.easy-forex.com
Founded 2003
Headquarters Cyprus
Support Types Phone , Email , Chat
Languages English , Chinese , Russian , French , Spanish , German , Arabic , Greek , Polish , Vietnamese
Trading Platform MT4, Web Trading, TradeDesk, Mobile Platform
Minimum 1st Deposit -
Minimum Account Size $25
Minimum Trade Amount 0.01 on MT4, 0.025 on Web Platform
Leverage 1:400 on MT4
Spread 1.8 Pips
Free Demo Account Yes
Deposit Methods Credit Card , Moneybookers , Neteller , Skrill
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 87/100

Full Review

Founded in Cyprus back in 2003, Easy-Forex is one of the most established brands in the online trading industry. The founding members of the website, a group of bankers and trading experts, had set a goal to create a trading website that was easy to use for both beginners and professional traders. Since the start about 10 years ago, Easy-Forex has continued to develop the website into one of the premier international trading platforms, with offices around the world.

The user friendliness becomes obvious as soon as you enter the website. Whereas most trading websites have a huge amount of information, statistics and analyses, which really only serves to confuse visitors in the beginning, Easy-Forex has chosen to make a very basic and simple starting page. This, however, does not mean that you will not be able to find specific information you might be looking for, as it can be easily found in other sections of the website using the cleverly laid out navigation bar.

As for trading platforms, the ease of use once again becomes prominent, as Easy-Forex was the first trading website to implement a no download trading platform, that could be used on any computer with an internet connection. This feature is extremely convenient for traders on the go. Easy-Forex also supports the popular MT4 Platform, which needs to be downloaded, but is an extremely versatile tool for advanced traders. In addition to this they have also created a unique iPhone platform, where users can follow up on changes on the market as well as the statues of their trading accounts. The iPhone application does support trading as well, although the functionality is limited compared to what you get on the website. However, there’s a mobile website available as well, with full functionality on mobile devices. Players are automatically taken there when visiting the website in a browser on a mobile phone. Easy-Forex does not only offer currency trading, it also supports the trade of commodities such as Gold, Silver and Oil, as well as stocks and indices. They also offer fixed spreads with a guaranteed stop-loss which can be customized upon request.

When setting up an account, there are five types to choose from. New traders wishing to learn about the trade market are offered to create a demo account in order to trade with play money, meaning there’s no risk of losing any of your own money (neither can you make a profit either, of course), before starting to trade for real. When creating your real account, your account type will depend on how much you choose to deposit. For deposits of up to $500 there is the mini account, which basically is an account for beginners who wish to keep trading a hobby. The more you deposit, the better your account type will be. The highest account type is the VIP account, which you will get when you deposit at least $10.000. The VIP account is for proffesional traders and is also the most beneficial one. Every new account gets a personal account manager which will be at your service during buisness hours, which something few other brokers can offer.

The trading hours on Easy-Forex opens at Monday 06.00 Sydney time and closes at 17.00 New York time on Friday, with a few exceptions. The customer service department is open 24 hours a day, and you can reach them via a number of methods, such as telephone, email and live chat, and it is obvious that Easy-Forex has put in big resources in its support sections.

All in all, we think that Easy-Forex is an excellent choice for currency trading. With the user friendly interface, great support and over ten years of experience in the trading industry, Easy-Forex is suitable for both experienced traders as well as beginners.

 

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