Reviews of the best Forex brokers on the market.

Easy-Forex

Easy-Forex Review

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Review of: Easy-Forex

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Rating:
5

Summary:

Easy-Forex is a broker that has been around for almost 10 years and through this period it has been acknowledged as a creative and innovative company that makes Forex trading easy and accessible for everyone. Currently, the broker operates under the regulation of CySEC, ASIC and NFA, these regulations truly make Easy Forex a reliable broker. It is headquartered in Cyprus and it mainly operates in Middle East.

Easy-Forex is a broker that has been around for almost 10 years and through this period it has been acknowledged as a creative and innovative company that makes Forex trading easy and accessible for everyone. Currently, the broker operates under the regulation of CySEC, ASIC and NFA, these regulations truly make Easy Forex a reliable broker. It is headquartered in Cyprus and it mainly operates in Middle East.
  • US Traders
  • MetaTrader 4
  • Web Trading
  • Live Support

 

Easy-Forex Review

 

In the year 2011 Easy Forex has received some criticism and class action suits, even an outrageous amount of negative spam comments was published across the web. Such issues resulted in losing FSA license, however Easy Forex still keeps a good portfolio of the regulated authorities and remains of the largest brokers.

Since Easy Forex is NFA regulated company, traders from the US and Canada are accepted.

Key Easy-Forex Features

Easy Forex provides a great set of features for the beginners and intermediates in the Forex world.

This broker provides the traders with such key items as:

  • Great selection of the trading platforms, including MetaTrader 4
  • Live chat, e-mail support and website in more than 10 languages
  • Forex Education possibilities, ranging from e-books to live webinars
  • Great set of articles and videos for the beginners
  • Refer a friend program and various bonus campaign and promotions
  • Fixed spreads
  • Mini accounts
  • SMS alerts

If you are new to the world of trading, we strongly encourage you to try out Easy Forex services by registering here, because this is not only a broker that provides you with the opportunity to trade, but also greatly supports and mentors you.

Easy-Forex Weak Points

Easy-Forex does not provide the best spread, thus if you are a professional trader or an individual seeking to invest over 10,000 USD, we would recommend you taking a look at another broker. Nevertheless, if you are excited about trading with Easy Forex, the good news are that their spreads are negotiable, thus getting in touch with Easy Forex representative may be useful.

Easy-Forex Trading Accounts

Easy Forex opens an access to five different types of accounts. A practice accounts is designed to test Easy Forex trading conditions and software without risking your own funds and remaining four trading accounts are generally different by their minimum deposit and deal sizes, spreads and the amount of additional services. The description below should give you a better overview of Easy Forex accounts:

  • Practice Account

The beginners in the world of Forex or people looking to change a broker are recommended to click here to open your free practice account with EasyForex.

This account will give you an outline of trading conditions, introduce you to trading platforms and will allow you to start trading risk free.

  • Mini Account

Mini accounts are the best choice for the starts with limited opportunities to invest. While one can open such an account and start trading with a deposit of only 25 USD, one can still benefit of trading micro deals starting from $5000 USD.

Holders of a mini account qualify for One-on-one training options, chat access and the ability to use all of the platform features.

  • Gold Account

Some brokers provide trading accounts denominated in Gold, however it is not a case with Easy Forex. Gold Accounts are just a name to describe a regular account. The minimum deposit for a Gold Accounts starts at 500 USD and the minimum size of a deal is 50,000 USD.

On top of all the benefits that are issued to the holders of Mini Accounts, traders with Gold Accounts are qualifying for live market alerts via SMS and technical analysis signals. Also, these traders are treated in a more personal way by having a personal dealer, dealing room chat and even some special offers from the dealing room.

  • Platinum Account

Platinum Accounts are mostly suitable for medium and large size traders; the minimum deposit for this type of accounts starts from 5,000 USD and the minimum deal size is 250,000 USD.

Besides all of the services Available to the holders of Gold Account, Platinum traders receive an option to use even higher than 1:400 leverage and a tool for professional charting development.

  • VIP Account

If you are looking to invest over 10,000 USD and want to be treated well, then this choice is for you. The minimum size of the deal for VIP clients is 500,000 USD.

VIP clients receive all of the possible benefits from Easy Forex, this includes everything provided to the aforementioned accounts and personal phone calls from the dealers and personal technical analysis reports.

Easy-Forex Promotions

At the moment, Easy Forex has s Referral campaign, which is mutually beneficial. When you refer a friend to Easy Forex, then the broker rewards your loyalty with a trading credit up to 500 USD and your friend with at most 250 USD.

Also, from time to time Easy Forex organizes various deposit bonus campaigns and sometimes it is even possible to get 100% bonus on the trading account with this broker. Usually, 1 standard lot has to be completed to acquire 10 USD of the bonus.

Easy-Forex Trading Software

Easy Forex provides a powerful set of trading software, trading currencies with Easy Forex is possible via Browsers, Desktop client and mobile devices. Let’s examine each of the Easy Forex trading programs bellows:

  • MetaTrader 4

Nowadays MT4 is the most popular platform for trading Forex, it opens a full range of benefits for the traders:
  • High speed of execution
  • No dealing desk intervention
  • Powerful charting tools
  • Multiple time-frames
  • Extensive amount of charts
  • Expert Advisors (Auto trading) coded in MQL4

Easy-Forex MetaTrader 4

Easy Forex makes MetaTrader 4 trading available on the go by providing the traders with the access to mobile trading via MT4 for iPhone and Windows Mobile devices.

  • Web Trading

Web Trading is an ultimate way of executing your deals directly from the browser. This trading software can be especially useful if you are using a mac computer for you trading activities or if you need to have a frequent access to your trading accounts from numerous PCs.
Trading via Easy Forex Web Trading platform is very comfortable and efficient, the home screen of the platform has quite a user-friendly interface that provides the overview of the most important trading items. On the right you can see a Graph and track the currencies movement, deals are opened in the middle of the screen and the left part shows the quotes for the major pairs

Easy-Forex Trading Zone

Besides that, this software allows you to set stop losses before opening a trade and to easily switch between Forex, commodities and other trading instruments. Also, it is possible to set up limit orders and have a quick access to various analytical tools, such as calendar or news.
If you prefer trading on a larger chart with numerous indicators, then Web Trading can be very beneficial for you. By using an option Full Chart Station you can get access to the extended chart with numerous analytical features, starting from a simple function that shows World Time and going to an in-depth technical and fundamental analysis.

Easy-Forex Trading Zone Full

If you trade on multiple displays, then you will be very happy with a detach chart function that allows you placing a single chart on a certain part of your screen.
Forex scalping can be extra successful with Easy-Forex one-click trading zone that allows to trade multiple currencies from one screen.

Easy-Forex Trading Zone One-Click

With the help of this service a trader can open deals on multiple instruments within very limited time. Also, in this trading terminal the most important info about the currency pair is shown, so one can simply base his trading decisions without even looking at the chart.
The main benefits of Web Trading platform are:

  • User Friendly interface
  • Ultra fast response time and execution
  • One-click trading
  • Numerous tools for analysis
  • Chart detachment
  • Flexible trading

There are numerous trading platforms available on the market nowadays, some of them are complete duplicates of the desktop application, others are only web based tools, however with Easy-Forex Web-trading it is possible to get an advantage of a very powerful trading platform combined with the perfect analytical resource.
  • TradeDesk

Except of the MT4 client, Easy-Forex provides you with its own trading platform – TradeDesk. This trading application gives you full freedom in the customization of your trading. With an intuitive interface, a trader is not only allowed to compose his deals effectively, but is also entitled to modify the appearance of the platform. TradeDesk main component is the charting windows connected with the one-click trading terminal.

In addition to this, TradeDesk consist chart detachment feature, drag and drop interface and even easy deal sharing functions.

 

Easy-Forex TradeDesk Full

Inside-viewer is a great addition to the trade desk that allows you to see the market movements and the traders’ behavior at glance.

Easy-Forex inside viewer

Easy-Forex Trading Conditions

  • Forex

Easy Forex provides you with an access to fixed spreads, meaning that the spread does not change in the periods of market boost. The spreads generally vary depending on the currency pair and account type, the higher the minimum deposit requirement account you have, the better spread you would get, Easy Forex spreads starts from 3 pips.

It is also possible to ask your Account Service Manager or your Personal Dealer to improve your spreads.

Easy Forex supplies an enormous amount of currencies to trade, it does not only give you an excess to trade with the most common pairs, but also allows you to trade such exotic currencies as NOK, ILS, ZAR and many others.

  • Commodities

Since Easy-Forex is a broker that mainly specializes in currencies, only three commodities are available for trading, Silver, Gold and Oil.

Easy-Forex Deposits and Withdrawals Methods

Easy Forex accepts major credit cards and wire transfers. Also it is possible to use of the e-wallet systems like PayPal and web-money. Easy Forex accepts deposits in over 10 currencies.

In order to withdraw your funds, you will need to provide identification documents and submit a withdrawal request. Please note that if the account was deposited via a credit card or a bank, a withdrawal can only be made via the card or a bank.

Easy-Forex Support

Easy-Forex provides live support in 10 languages during the trading hours. Easy Forex customer support is generally very friendly and helpful, besides that, their e-mail response time is rather fast. In addition to the customer support, each of the traders receives their personal account manager, who can be also reached via phone. All in all, Easy Forex does a great job to assist you trading with no disturbance and having your doubts sorted out.

Easy-Forex Review Summary

Trading with Easy Forex in quite an exciting process, but is also secured, became the broker is regulated by three institutions and has quite a long presence.

This broker is mostly recommended to the beginners in Forex trading, due to the numerous education materials, one on one coaching and easy to use platforms. Also, having a personal account manager adds an addition point for choosing Easy Forex as your broker.

The demonstration accounts are available at no charge and the minimum deposit required for real account trading is 25 USD. Trading with Easy-Forex can be done via four types of accounts and three great trading platforms.

Easy-Forex mainly specializes in the brokerage of the currencies and provides access to a vast amount of the pairs, while it only supplies three types of commodities.

Generally, if you are new to Forex, we strongly recommend you to sign up for a free trial with Easy-Forex, because it will not only allow you to see if Forex is right for you, but also you will be provided with an access to MT4, TradeDesk and WebTrading, so by creating one account you can check out three trading platforms. Also, Easy Forex will provide you with the ultimate knowledge package.

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