WikiFX Review: Something you need to know about Easy Forex

WikiFX | 2022-10-30 09:00

Abstract：Easy Forex is an online forex broker that running its business in the forex market for more than 15 years.

If you want to know whether Easy Forex is a reliable forex broker or not, please continue to read.

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of Easy Forex based on the facts.

1. Evaluate the reliability of Easy Forex based on its general information and regulatory status

To understand Easy Forex better, we explore Easy Forex by analyzing three main perspectives:

A. General Info

B. Regulatory Status

A. General Info

Easy forex was established in 2003, an online trading services provider. 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 and The Royal Bank of Scotland (RBS). Easy forex is licensed in Cyprus by CySEC, under the license number 079/07.

Market Instruments

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.

Minimum Deposit

Three account options provided by Easy Forex, namely Standard, Premium and VIP accounts. The Standard account requires a minimum deposit of $25. 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 Leverage

The leverage options are either 100:1, or 500:1 according to the type of the account traders prefer to open on Easy Forex website.

Spreads & Commissions

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 the Premium and 1.8 pips for the VIP account.

Trading Platform

There are four available software types on Easy Forex: MT4, Easy Forex mobile platform, TradeDesk-just like MetaTrader, Visual Trading Machine (a web-based platform that is specially designed for Easy Forex Website).

Deposit & Withdrawal

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.

Customer Support

Traders can contact an easy-forex representative by telephone at the brokers 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.

B. Regulatory Status

It is obvious that Easy Forex is a regulated broker.

Exposure

As of October 28, 2022, we received a couple of complaints against this broker.

Conclusion

Although Easy Forex is a regulated broker, we advise you to do more research before making a decision due to recent complaints. If you want to know more about this broker, please check this article. www.wikifx.com/en/newsdetail/202207209444209409.html

Broker Forex trading Forex Analysis

Related broker

Regulated

Easy Forex

Company name：Easy Forex Trading Ltd

Score

6.65

Website：https://m.easy-forex.com/

15-20 years | Regulated in Cyprus | Market Maker (MM) | Suspicious biz area

Score

6.65

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