EZCFDs-Overview of Minimum Deposit, Leverage, Spreads

Note: Since EZCFDs official site (https://www.ezcfds.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

EZCFDs is allegedly an unregulated and offshore forex broker registered in the UK that claims to provide its clients with forex trading with leverage up to 1:400 and high spreads of 6.5 pips on the web-based trading platforms.

Market Instruments

EZCFDs is a forex broker that mainly offers forex trading. However, we didnt find other available trading assets on the Internet.

Leverage

A leverage ratio of up to 1:400 is offered by EZCFDs, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

As tested on the demo account on the web-based trading platform at EZCFDs, the spread on the benchmark EUR/USD was 6.5 pips.

Trading Platform Available

The platform available for trading at EZCFDs is the web-based trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

EZCFDs says to work with credit/debit cards, wire transfers and e-wallets. The minimum initial deposit requirement is $250, and the minimum withdrawal amount is $100 for wire transfers and $50 for other methods. The broker also charges the withdrawal fee, 3.5% of the sum (minimum $30) per withdrawal.

Bonuses & Fees

EZCFDs claims to offer some bonuses. However, for a $1000 bonus, clients will have to trade 100 lots to become eligible for withdrawal.

Apart from the withdrawal fee, the broker also charges some other fees. There is a profit clearance fee on each successful trade ranging from $1.5 to $5, a monthly maintenance fee of $20, and a monthly dormant account fee of $100 after just 60 days of inactivity.

Customer Support

EZCFDs‘ customer support can be reached by telephone: +3728840237, +441613940768, email: support@ezcfds.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.