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Easy Forex Review

Easy Forex rating: 2 votes, average: 3.00 out of 52 votes, average: 3.00 out of 52 votes, average: 3.00 out of 52 votes, average: 3.00 out of 52 votes, average: 3.00 out of 5 (2 votes, average: 3.00 out of 5, rated)
Write your own review of Easy Forex

Easy forex is a registered brokerage company having its headquarters in Limassol, Cyprus.
It has International Network Coverage in Europe, Asia-Pacific, Middle East and the United States, with offices in Chicago, London, Manila, Melbourne, Palestine, Sydney and Tel Aviv.
Easy forex obtains its data sources from Reuters, and has a credit card clearing arrangement with Barclay-card.
It has excellent streaming data which is always real-time updated and the transaction security has the Verisign seal of approval.

Company’s Market Position

To a great extent Easy forex is well regulated. In the USA it is CFTC registered and has NFA member status. It is also under the regulatory control of authorities in EU and Australia.
Easy Forex has specified Islamic account terms and also has a Orthodox-Jewish account transaction permit.

Types of Services offered

Easy forex has special tailor-made leverage ratios apart from the usual leverage of 1:50; 1:100; and 1:200
All main currencies are traded in the platform and spreads are variable starting from 2 pips.
Non currency products like Gold, Silver and Oil can also be traded in the platform.
It provides a commission free trading environment apart from spreads.
The minimum initial deposit for opening an account is $ 200 and this is for a Mini account. To open a Gold or Platinum level account with Easy forex you need US $500 and US $ 5000 respectively.
Easy forex has different account possibilities including a Mini account and Special term accounts.
As a customer you get 24/7 access to the trading platform which means you also get to trade outside normal trading hours. In that case you have to incur higher spreads although trading is usually disabled on Sundays after 14.00 GMT.
The normal trading hours are however 6:00 Monday Sydney time until 17:00 Friday New York time.

Trading Platform

A demo account is available on request as also a readily available guided video tour of the trading features.
The trading platform is web based and needs no software download.
One of the highlights of the platform is the Easy forex high edge system which uses the latest and most sophisticated technologies to offer up-to-the second real-time currency quotes.
Another highlight of this platform is what is called the “The Trade Controller” which is a visual trading tool that gives the client a clear picture of profit/loss scenarios.
It also has what is called “The inside Viewer” whereby a client could see the popularity of currency pairs traded, deal direction and open deals structure.

Trader Support

Customer support is via e-mail, chat, or phone and is available in several languages namely English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew.
Live training by telephone is available as also the facility of online chat and SMS messaging services in some regions.

Site design and ease of navigation

The website is easy to navigate and does not have too many advertisements.

Advantages

Trading with easy forex is fairly easy as no software download is required and it takes very little time to open a real account.
There is full transparency and no hidden costs whatsoever.
Easy forex offers special terms for its frequent trades in terms of spreads and bonuses.

Disadvantages

Only limited pairs of currency are available for trading.

Here is Easy Forex official site

Write your own review of Easy Forex

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7 Comments»

Comment by ajax Subscribed to comments via email
2008-06-04 19:53:42

Hi,

Forex is a zero-sum game—thats the feeling I get with easy-forex.Spread is too wide and you got to pay roll over—-and I am sort of wary of price freeze options.

ajax did not rate this post.
Comment by peters Subscribed to comments via email
2008-06-05 10:01:40

Hi,

Of course you get guaranteed stops in all situations. Yeah, too good to be true!

peters did not rate this post.
 
 
Comment by geoffrey Subscribed to comments via email
2008-06-08 14:02:03

Spread is too wide and right after news release they disable trade–and maybe for long term trade ok but for day stuff doesnt suit.

geoffrey did not rate this post.
 
Comment by sunny Subscribed to comments via email
2008-06-18 19:12:37

Sweet thing is they dont charge for withdrawals but trade disabled/try later stuff is scary;wonder why alexa guys rank them soo high.

sunny did not rate this post.
 
Comment by grover Subscribed to comments via email
2008-06-22 19:45:57

Alexa got to do more with site technicals and not what the content says. So easy to figure out what alexa means–not the fx trading part for sure.

grover did not rate this post.
 
Comment by Ronen Subscribed to comments via email
2009-07-07 16:25:49

I have been with easy-forex for quite a while. No problems at all. They are very receptive to email requests for more info or for clearing doubts. In fact they get back to you on the telephone and explain whatever it is you want to know.

Easy-forex doesn’t require that you submit any ID, or proof of address and utility bill and so on before you deposit your money. All that is needed only if you want to deposit a big amount.You can choose any account type, mini, gold and platinum and then upgrade if you wish to.Very flexible and user friendly. That’s what I like about easy forex.

Ronen ratings for this post: Ronen gives a rating of 3Ronen gives a rating of 3Ronen gives a rating of 3Ronen gives a rating of 3Ronen gives a rating of 3
 
Comment by peterson Subscribed to comments via email
2009-08-22 12:32:29

I am usually wary of companies that don’t have much of regulatory approvals. Easy forex has regulatory controls, plus the Versign seal of approval, so you have a comfort level in working with this broker. That apart, credit card backing with Barclays and data sources from Reuters, make it very nice to deal with. What I always look in any broker is the quality of the streaming data, and in the case of easy forex it’s tops.
Great platform, variable spreads in the 2 pips range, and choice of leverage from 50:1 to 200:1 make it suitable for all kinds of trading in not only forex, but in products like gold, silver and oil. I tried the demo, and since the platform was web based it didn’t need any downloading and installation. Giving you the latest and most accurate currency prices is their speciality, and I really liked their great customer support. Although I was doing just demo trading, they did call me up a couple of times to explain some things, as for instance when they had made some changes to their trading platform.
In the Trade Controller they give you a visual trading tool, and you can use it for understanding profit and loss possibilities. Another tool is the inside viewer which tells you which currency pair was traded the most at that point in time and whether it was the sell or buy trades that were popular. I guess these intuitive tools are very useful to have around.

peterson ratings for this post: peterson gives a rating of 3peterson gives a rating of 3peterson gives a rating of 3peterson gives a rating of 3peterson gives a rating of 3
 
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