Editor’s Verdict

Pros
  • Wide Range of Assets

  • Choice of Accounts/Platforms

Cons
  • Lack of Responsiveness

  • Fixed Spreads

  • Limited Education

Overview

Review

HeadquartersCyprus
Year Established2008
Execution Type(s)Market Maker
Minimum Deposit100
Trading Platform(s)MetaTrader 4, Sirix, Proprietary platform
Islamic Account
Signals
US Persons Accepted?
Managed Accounts

EZinvest, founded in 2008, is a Forex and CFD broker headquartered and regulated in Cyprus under CySec. They provide a trading platform that offers traders a wide range of assets for trading in indices, commodities, individual stocks and Forex currency pairs across both major and minor financial markets. Is EZinvest a scam? We can’t say for sure, but we can say that our professional dealings with the company during the course of this EZinvest review were anything but professional. We received several empty promises from the company and eventually they stopped responding to our emails, a sure sign that other traders may also be in for a bumpy ride. Read our full EZinvest review to determine if the company is a scam or if it’s the right Forex broker for you.

EZinvest Broker Review

Accounts

There are four different account types to choose from at EZinvest. The Classic account can be opened with a deposit of as little as $100. The Standard account require a minimum deposit of $2,500 while the Premium Account requires $20,000. All these account types offer fixed spreads. Standard account holders are entitled to market analysis, news and signals, and a dedicated account manager. Premium account holders are entitled to these features, plus premium daily analysis and customer support. There is a fourth account type, the ECN account, which offers floating instead of fixed spreads. This account type requires a minimum deposit of $2,500 and comes with all the other features of the Standard account.

The fee model of EZinvest is spreads only, there are no commissions, even in the ECN account.

A demo account is available, as is typical with nearly all spot Forex brokers.

Islamic accounts are also offered.

A wide range of Forex currency pairs, commodities, individual stocks and other CFDs may be traded with EZinvest. A total of 49 Forex currency pairs, 28 indices, 10 commodities and 37 individual stocks are offered for trading.

Features

Trading can be done 24/5 on the Web using a choice of two major trading platforms: Metatrader 4 or Sirix Webtrader or via mobile devices using the EZinvest.

Both Metatrader 4 and Sirix Webtrader are very well-known, popular, and widely used platforms. Sirix includes a social trading element.

EZinvest Broker Review 2

Education

EZinvest’s educational offering consists of some interesting features. The site itself offers a free “eCourse” to train traders in several crucial elements of trading: trade psychology, research and planning, market analysis, and solutions and planning. The content consists of webinars and video tutorials as well as more traditional static formats. The site also offers a page of trading basics, which frankly is very limited. However, there is another page consisting of video tutorials on a very wide range of topics, which compensates for that.

It is also worth noting that the broker’s website provides free daily market analysis and an economic calendar. Account holders also receive extra private material consisting of news and signals.

Bonuses and Promotions

Until December 2016, EZinvest offered several bonuses and promotions. However, these were banned by CySec, the Cypriot regulator, and so the brokerage was forced to cancel these offerings as long as it is regulated by CySec.

Deposits/Withdrawals

Depositing funds into a EZinvest account seems to be a fairly secure process. Funding can be done using a range of credit cards, as well as CashU, Moneybookers, Neteller, Skrill, Webmoney, and wire transfer. Withdrawals can be made through exactly the same methods.

We are not aware of any specific limitations relating to amounts, frequencies and required base currencies of deposits and withdrawals. Account openers are advised to check the small print in the broker’s terms of service conditions for details.

Customer Support

Customer Support Methodsemail-support chat-support
Support Hours24/5
Website Languages
      • English
      • Arabic
      • Italian
      • French
      • German
      • Chinese
  • Customer support is based in Cyprus, but there are dedicated lines for several countries offering support in local languages, these being Germany, Italy, France, Cyprus and the U.K. Traders can contact an EZinvest representative by telephone during business hours and can use email anytime of the day. Chat is also available as a communication channel. As mentioned previously, just because EZinvest lists ways to contact them doesn’t mean that they will reply, which is an immediate cause of concern for us, and should be a red flag for anyone thinking of investing their own capital with the company.

    Conclusion

    EZinvest seems to have a wide and well-rounded offering for traders looking to trade CFDs on commodities and indices and individual leading stocks, as well as Forex currency pairs. They are a regulated firm which means that trader funds will likely be protected, but it may be risky to deposit funds with a broker that has a poor track record for responsiveness.

    Features

    EZinvest has many attractive features including the website itself which uses colorful snapshots and easy access to information. In terms of features, the stand-out strengths of this broker’s offerings are:

    • A wide choice of account types, including both market-maker and ECB-type accounts, plus an Islamic option.
    • A choice of the two major and generally most popular trading platforms in the industry: Metatrader 4 and Sirix Web Trader. Sirix includes a strong social element, so fans of social trading are well accommodated with this option.
    • An unusually wide range of instruments available for trading: all the major and minor Forex currency pairs, as well as some exotics; also, many major individual stocks, plus all the major commodities and global equity indices wrapped as CFDs.
    • Regulated by a major industry center (CySec).

    Platform

    MetaTrader4

    The MetaTrader 4 is an independent trading platform, developed for trading FX, Commodities and other products and is one of the most advanced and easy platforms to use. It remains the gold standard of trading platforms.

    In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.

    Automated trading is also offered through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.

    With this automated trading system traders can create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.

    Sirix Web Trader

    EZinvest offers the advanced web based SIRIX trading platform. SIRIX is becoming something of an industry standard and is offered by a wide range of Forex brokers. The platform is entirely web-based, requiring no download or software installation. The platform has a built-in, sophisticated charting package including the most popular technical indicators and one-click trading.

    Sirix also includes an innovative social trading element, where within the actual platform itself you can see what other traders are buying and selling, giving traders the chance to learn from other traders and share in real time as they trade.

    Mobile

    The EZinvest mobile platform consists of apps that are specially designed for iOS and Android powered phones and tablets. They enable traders to manage their trading portfolio and also access live rates, open and close positions, view charts, and many more.

    The mobile app includes the following features: a full-function trade platform, real time charts, instant execution of trades, free tick charts, an execution and examination of pending trade orders.

    About the Author

    DailyForex.com Team
    The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.