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No Regulation
Score
1.71 /10
Danger
ezifx
1-2 yearsSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.24
Risk Management Index0.00
Software Index7.73
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-25
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| ezifxReview Summary | |
| Founded | 2019 |
| Registered Country/Region | Saint Lucia |
| Regulation | Unregulated |
| Market Instruments | 1,500+, Forex, Indices, Agriculture, Energies, Commodities, Metals |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.2 pips |
| Trading Platform | MetaTrader 5 |
| Social/Copy Trading | ✅ |
| Min Deposit | $50 |
| Customer Support | 24/7 support |
| Contact form | |
| Tel: +44 79 3842 8797 | |
| Email: support@ezifx.com, info@ezifx.com | |
| Twitter, Instagram, WhatsApp, Telegram, Facebook, LinkedIn, YouTube | |
| Registered Office: Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia | |
| Operation Office: Sabha Build, Jabel Ali Industrial Area – Jabel Ali Industrial First, Dubai, United Arab Emirates | |
| Regional Restrictions | The United States of America, Canada, Israel, North Korea, Iran and Saint Lucia |
ezifx started its brokerage business in 2019 registered in Saint Lucia while operates in the United Arab Emirates. It offers over 1500 market instruments for trading and 24/7 customer support. Implementation of segregated funds, negative balance protection and encryption techniques enhances protection of customer property.
Apart from demo accounts and three tiered live accounts, the broker also provides access to Islamic account for those who need to comply to Sharia laws. The MT5 trading platform ensures smooth and intuitive trading experience for traders.
However, the company currently operates without regulation from any authorities, to some extent degrades its credibility and reliability.
Pros and Cons
| Pros | Cons |
| Segregated funds and negative balance protection | Unregulated status |
| Wide selection of investment choices | Regional restrictions |
| Demo and Islamic accounts offered | |
| Tiered accounts | |
| Commission-free accounts offered | |
| Flexible leverage ratios | |
| Support MT5 | |
| Social/copy trading available | |
| Popular payment options | |
| Affordable minimum deposit | |
| No fees for deposits and withdrawals | |
| 24/7 support | |
| Multiple contact channels |
Is ezifx Legit?
No, ezifx is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
What Can I Trade on ezifx?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Agriculture | ✔ |
| Energies | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Ezifx offers three different types of accounts in both live and demo accounts. And it also provides Islamic accounts.
| Account Type | Min Deposit |
| ECN | $5,000 |
| Prime | $1,000 |
| Pro | $50 |
Leverage
Ezifx offers leverage up to 1:1000, which can potentially bring high returns, but it also comes with high risks.
| Account Type | Max Leverage |
| ECN | 1:1000 |
| Prime | 1:500 |
| Pro | 1:500 |
Spread and Commission
Keeping an eye on trading fees matters since they have direct impact on your profit margins. The more fees you pay, the more they eat on your returns. With ezifx, the fees depend on the account types.
| Account Type | Starting Spread | Commission |
|---|---|---|
| ECN | 0.2 pips | $7 |
| Prime | 1.2 pips | ❌ |
| Pro | 1.6 pips | ❌ |
Trading Platform
Ezifx uses MT5 as its trading platform.MT5 is developed by MetaQuotes Software Corp. This company has rich experience in the field of financial trading software. MT5 is a product upgraded and expanded on the basis of the success of MT4 (MetaTrader 4), aiming to provide more advanced and flexible trading solutions for global investors and financial institutions.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Android, iOS, Windows | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Ezifx does not charge fees for deposits and withdrawals. The minimum deposit is $50. It supports payment methods including Bitcoin, NETELLER, Perfect Money, MasterCard, VISA, and Bank Transfer.
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