Review

easy-forex, founded in 2003, is a leading provider of online trading services. It is headquartered in Cyprus with offices, FX trading rooms and customer support centers in over 160 countries worldwide. easy-forex assumes the position of a market maker, with its liquidity providers being UBS (in Switzerland) and The Royal Bank of Scotland (RBS).
easy-forex is licensed in Cyprus by CySEC , in Europe with MiFID and in Australia by ASIC.

Accounts

When first setting up an account with easy-forex, traders can define the type of account they wish to use according to the level of risk they are willing to take. A Standard account comes with a margin of as little as $25.

Additional account types are Premium and VIP. The type of the account will also determine the spread offered to the client, ranging from 3 pips for a standard account, 2.5 pips for Premium and 1.8 pips for VIP.

Demo accounts are available and traders can trade on mobile, desktop or online. There are free personal trainers, guaranteed stop-loss and other features similar to a real account.

easy-forex also offers trading accounts which adhere to the Islamic law (Sharia). With Islamic trading accounts, when traders extend their Day-Trading deals to the next day, no rolling fee is charged. Accordingly, the maximum duration offered for Day-Trading deals is limited (usually 1 week but it can also be shorter or longer depending on the currency pair traded).

Easy Forex Homepage

Features

Traders can select over 175 products ranging from currencies, commodities and metals, to options, using their desktops, tablets or smartphone devices with account. easy-forex offers a wide range of Energy Commodities including WTI Crude Oil, Brent, Natural Gas, Heating oil and Gasoil. There are also several energy commodity pairs such as HEO / USD, OIL / USD and others.

There is also a wide range of agricultural commodities over and above what most brokers offer such as cocoa, corn and coffee.

Traders can take advantage of the easy-forex Trade Simulator with no obligation or risk and at no cost. The Trade Simulator lets newbie traders explore the easy-forex platform features which include the Inside Viewer that shows them the most popularly traded currency pairs or the Trade Controller that enables them to visually set their risk management strategy.

The trading simulator is a great way to sharpen trading skills or to test out some trading strategies.

Education

easy-forex provides traders with a host of educational tools. There are training videos for both beginners and advanced traders and a free Forex guide ebook that can be easily downloaded and includes basic information on trading in general as well as tips and techniques for successful Forex trading.

Forex webinars are online and accessible from anywhere in the world and seminars offer traders an opportunity to meet the easy-forex team in person and interact with traders like themselves from other areas.  An additional chance to meet other traders is provided at easy-forex expos which take place periodically in many different locations. A listing of upcoming expos and other events are listed on the website.

In the ‘Further Reading’ section, members can choose from a variety of different articles on various areas of Forex trading.

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Questrade Features

Bonuses/Promotions

There were several promotions going when doing this review. A 20% bonus up to $2000 was offered on a trader’s first deposit.

With the Win-Win bonus, a trader need only make a deposit of any amount. If the trade comes in as a profit, easy-forex doubles the win; if it’s a loss, the broker will cover it up to $200.

easy-forex makes option trading easy by offering $300 in risk-free trading to anyone opening an account.

Should a trader decide to become an affiliate or introducing broker with easy-forex, he/she can receive up to $600 (for online affiliates) and up to $100 lot rebate (for introducing brokers). All partners earn 10% commissions from their sub-affiliates.

There is also a Refer-a-Friend promotion where the referrer receives from $50-$500 on deposits of $200 to $5,000. The friend receives 50% of the reward.  

Deposits/Withdrawals

Funding to easy-forex accounts can be done with credit cards or via bank wires. They accept 12 different currencies.

Withdrawals are done by filling out an online form. Funds are returned using the same methods as the deposit.

There are no fees or commission on deposits or withdrawals.

Customer Support

Traders can contact an easy-forex representative by telephone at the broker’s two main offices in Limassol and Sydney. Queries can be sent by email and snail mail can be sent to easy-forex at their address in the Marshall Islands. Live Chat is also available.

Commodities and Indices are traded as CFDs and settle two working days prior to the underlying exchange expiry at 12:00 GMT. The expiration of each CFD is clearly stated in the trade ticket as are open positions and MT4 Market Watch.

Options can be set to expire up to six months from initiation date. On any given day, options that expire do so at 10:00 AM New York Time.

Conclusion

easy-forex is a great all-around dealer in the Forex and commodity markets. The website is user-friendly and easy to navigate. The broker is well regulated and offers a host of educational features for both beginners and advanced traders.

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Features

The most attractive feature at easy-forex is its list of generous bonuses and promotions. At the time of this review there were at least four bonuses being offered which made opening an account with this broker both lucrative and fun. There is nothing like a good promotion to attract new clients and easy-forex has done just that. The fact that the broker is regulated by several organization adds to the appeal of this broker.

Company Information

  • Broker's Name : Easy Forex
  • Headquarter : Cyprus
  • Regulation : ASIC, CySEC, MiFID

Account Information

  • Type of Broker : No Dealing Desk
  • U.S. Clients Allowed :
  • Minimum Deposit : $25
  • Maximum Leverage : 1:200
  • Commissions / Spreads : Spreads
  • Account 1 : Standard
  • Account 2 : Premium
  • Account 3 : VIP
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Proprietary platform, Other
    • Platform Languages :
      • Multiple Languages
    • OS Compatibility :
      • Web
      • Mobile
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • Multiple Languages
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

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Platforms

Platforms

Visual Trading Machine

easy-forex offers traders an online web trading platform, Visual Trading Machine which allows them to trade from any computer wherever they are. The platform includes sophisticated tools, real-time rates feed, one-click trading, freeze rate, live market news and other unique features. The platform is fully transposable once downloaded.  

Trading Platforms
Trading Platforms

Mobile and Windows

The easy-forex platform can be used on most mobile devices including iPhones, Androids and Smartphones. The downloadable app provides traders with easy access to their trades,  real time charts and rates for most commonly traded currency pairs including gold and silver, daily market outlooks, video news and financial calendar and all the advantages of trading with easy-forex including tight fixed spreads and guaranteed fills.

MT4

The popular MetaTrader4 platform at easy-forex offers fixed spreads, the use of Expert Advisors, hedging, microlots starting from 0.01 lots, No Dealer intervention, fast Market Execution and Trading Central News Feed.

 

MT4 Platform
MT4 Platform

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User Reviews

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16 User Reviews
Dog Lover
Dog Lover

Super make-over. I like the new features. I may just open an account with them. I hope theyre as good as they sound. Grrrreat

Benito Demontras
Benito Demontras

hey, they added another platform. Good going. I like it.

Top Hat
Top Hat

This is a pretty well stocked brokers. I've had an account with them for years and have done pretty well. The platforms and everything else is pretty standard and I have no complaints.

TanyaOlshin
TanyaOlshin

I don’t know why everyone is complaining about this broker. The easy forex classic platform offers a couple of nice features that the other brokers don't. For a beginner trader like me I found the site easy to maneuver and when I followed the instructions for opening my account it went pretty smoothly. I don’t have much experience with forex trading but I think this is a pretty good place to start.

This review is easy to read and has a lot of useful information about the easy forex classic trading platform. Unfortunately, I didn’t find much useful information about why I should trade with them instead of any other broker people recommended to me. It seems to me that the Easy forex classic is a pretty standad platforms and many of their other features are pretty standard too. Also it seems to me that their fees are pretty high. But I have heard from friends that they do have a pretty good service.

SafiyeAkyol
SafiyeAkyol

I'm not going to contact anyone at easy forex. I just open an account with them. I know they have a lot to offer but I think not having a demo account is not a good thing.

ErnestoDominguez
ErnestoDominguez

No.No. you must never go without a demo account. This would be terrible. You will lose all your money. No matter how easy it is to open an account, don’t do it. Maybe you should contact the manager of easy forex and see what the problem is.

SafiyeAkyol
SafiyeAkyol

How can a broker not have a demo account? Everyone keeps telling me I should never open a Forex account with anyone without a demo account. The easy forex classic website says there is one. Am I missing something?

PJ
PJ

I'm trading with EasyForex for a while now, mostly because I don't want to change brokers, and I see that they're servis got much beter recently. The market isnt open 24/7 so servis for 24/7 is nice but not importnt. Response time is ok, and the trading is stable. I do profit with EasyForex.

سامي الخليل
سامي الخليل

i used to trade with Easy forex before , i would say they are ok . but i find much better charts and analysis with forexcontrol , at least with my new broker i have 24h/7 support and i dont have to wait their reply for days as with Easy forex

This review is easy to read and has a lot of useful information about the easy forex classic trading platform. Unfortunately, I didn’t find much useful information about why I should trade with them instead of any other broker people recommended to me. It seems to me that the Easy forex classic is a pretty standad platforms and many of their other features are pretty standard too. Also it seems to me that their fees are pretty high. But I have heard from friends that they do have a pretty good service.

Elizabetjamison
Elizabetjamison

This review is easy to read and has a lot of useful information about the easy forex classic trading platform. Unfortunately, I didn’t find much useful information about why I should trade with them instead of any other broker people recommended to me. It seems to me that the Easy forex classic is a pretty standad platforms and many of their other features are pretty standard too. Also it seems to me that their fees are pretty high. But I have heard from friends that they do have a pretty good service.

Nael
Nael

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!!!

Dainuoju
Dainuoju

I 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

Frustrated
Frustrated

Enter 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

janus
janus

completely 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

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Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.


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Review info: Easy Forex
Review Date:
Rating : 4
Reviewed By :