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Info |
| Name | Easy Forex |
| Website | "www.easy-forex.com" |
| Established | 2001 |
| Country | Global |
| Platform | Online |
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Advantages |
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Disadvantages |
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Easy Forex was developed by a group of bankers and foreign exchange experts. Their goal was to establish an FX trading platform that will be easy to use by any end user. Easy Forex assumes the position of a market maker, with its liquidity providers being UBS (in Switzerland) and The Royal Bank of Scotland (RBS).
The company's headquarters are in Cyprus with offices, FX trading rooms and customer support centers around the world.
Easy Forex offers its traders proprietary software that was the first to support a no-download platform. It is available in English, Arabic, Chinese, Hebrew, Polish, Greek, and German. In addition, Easy Forex is pushing the envelope of technology with its one of a kind iPhone app that allows iPhone users to have access to all Easy Forex services on the phone itself. It is not a full trading platform as you can not execute trades with it, but you can see the status of your Easy Forex account, as well as the status of the market.
The registration process is quick and simple and it is easy to make a deposit of funds. Deposits are accepted via the major credit cards as well as PayPal. Withdrawal process is as easy, however the first withdrawal requires speaking to the company over phone and presenting them with an ID and with legitimate bank account details, in means of protection from any money laundering attempts.
Executing deals in the Easy Forex system requires only a few simple steps, however an understanding of the basic terminology of the Forex market is necessary.
The site offers a guided tutorial of dealing in the Forex market using Easy Forex, and upon registration each user is contacted by an account manager who will walk them through the initial stages of dealing. This personal account manager is available during the local business hours, and the dealing room is open 24/7 for technical support.
Generally speaking, Easy Forex puts a strong emphasis on customer service, and the fact that every trader gets their own account manager is a perfect example of that.
In addition, Easy Forex offers its more prominent clients advanced training for using the system and trading the market. When first setting up an account with Easy Forex, you may define the type of account you wish to use according to the level of risk you are willing to take. You may open a mini-account with a margin of as little as $12.5. Additional account types are Gold, Platinum and a tailor made Import-Export account. The type of the account will also determine the spread offered to the client, ranging from 10 pips for a mini-account, 7 pips for gold accounts, 5 pips for platinum accounts and 3 pips for tailor made accounts.
The spreads are the source of earning for Easy Forex and there are no other commissions for deals performed on their system, with one exception being a renewal fee for rolling over positions on Day Trading to the next day.
Every deal that is set using any of the products Easy Forex offers, can easily be adjusted to the trends in the markets. These adjustments are possible under the “My Position” section where the trader can monitor and control each of his deals.
Every action is recorded in the system, as well as confirmed by an automatic email.
Additional activity logs can be found in the following sections:
“My Account” tracks your balance, showing all deposits, credit card charges and withdrawals; The “History” section shows the outcome of all closed deals.
In order for the trader to best carry out decisions Easy-Forex provides Reuter’s world news that may affect the Forex market, a financial calendar and a set of charts and analytical tools that are quite easy to comprehend.
With a good understanding of the Forex market and guidance provided by Easy Forex representatives it is actually easy to trade using this system. All the tools needed for executing deals, monitoring them and making the best decisions about them are highly accessible and user-friendly. Based on our Easy Forex review, this broker is a solid contender for the best of the market's brokers.
The Easy Forex site is different than other brokers’ sites you will encounter. It is almost completely empty on the home page, which is reassuring in terms of its simplicity. As soon as you dig a little deeper, you discover all the information you will ever need available in a user friendly and easy to understand fashion.
The site is a clear indicaton of the type of broker Easy Forex is. Just like the site itself, the platform and service is simple, straight forward, and easy to use. Trading with Easy Forex is sure to provide a very solid experience.
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| Symbol | Change | High | Low |
|---|
| EUR/USD | 0 | 0 | 0 |
|---|---|---|---|
| AUD/USD | 0 | 0 | 0 |
| EUR/GBP | 0 | 0 | 0 |
| EUR/JPY | 0 | 0 | 0 |
| GBP/USD | 0 | 0 | 0 |
| USD/CAD | 0 | 0 | 0 |
| USD/CHF | 0 | 0 | 0 |
| USD/JPY | 0 | 0 | 0 |
Easy-Forex-its an Israeli company with tricks and lack of support trading companies. The current re-structuring of management that took place recently made the company even more unprofessional due to trading. I burn substantial amount of money trading with them because i was not able to safe my position by depositing funds to my account to move my S/L further away from the market price. The current COO and some Business Unit managers, are very far behind how to help traders to win. All they do now is making trading Difficult and NOT EASY. They should change the name from Easy-Forex to Hard Core Forex...if u smart DO NOT trade with them!!!
Nael November 2010I have been trading with Easy-forex for about 5 months now. As detailed as was Kahmirul form Malasia (below), i can not be. I can only confirm all thing he says, and maybe add that Easy-forex dealing room services are great. As Kahmirul mentions that your S/L is your margin, i have set a S/L rate too close, when market moved to wrong possition for me, i have not managed to move S/L, but asked dealing room to do so, by that time my deal was closed, but thay have reopened it for me. I heard many people in my country say, that brokers buy currency against thier clients, i could not say same about Easy-forex, as i can see from all thing that they do, and the way thay work, that that does not even possible. Thanks
Dainuoju September 2009Enter your info, click free demo account, get message: Your details have been added to our database. No free demo. Also "register your details for free e-book". Dodgy as
Frustrated August 2009completely disagree, high "renewal fees", no decimal pips, high spreads,customer service is bad, and when u need ur account manager is busy, and call u so late, is a tricky market maker, so i dont recommend them, i was a customer for over 2 years, and was a bad experience with them, many people saying that they r good because the pay refer a friend, and things like that so u can imagine how bad r them, eur/usd the most famous cross is over 2.5 pip spread,gbp/jpy over 15 pip spread! not worth the minimum deposit and lower risk at 12.5 usd, with that spreads u will lose so fast
janus June 2009