Easy Forex Review
Founded in 1999 by a group of bankers with years of experience in forex and international banking, Easy Forex Inc is a forex broker headquartered at Limassol, Cyprus with international offices in Chicago, London, Manila, Melbourne, Sydney, and Tel Aviv. As a global operation, the firm has licences in Australia (ASIC AFSL 246566), and the EU (CySEC 079/07). In the US Easy Forex is registered at the CFTC, and is also a member of the National Association of Futures Dealers (NFA).
Unique Features of Trading with Easy Forex
As a pioneer in the retail currency trading business, Easy Forex has implemented innovative solutions to a number of issues related to online currency trading. Their trademark Inside Viewer tool lets traders examine the positioning of Easy Forex clients, in terms of the popularity of currency pairs, open deals structure, and deal direction (buy/sell). In addition the Trade Controller tool is unique to Easy Forex, and offers traders a clear picture of profit/loss scenarios through visual displays.
Easy Forex pledges to realize stop loss orders at the exact rate specified by the client. Buy and sell orders are automated, with no delay in execution. There’s also a freeze rate facility which will either accept or refuse an entry within a few seconds, in order to ensure that connection problems do not lead to faulty trade executions.
Unlike most other brokerages, Easy Forex also facilitates accounts in 12 different base currencies (see the table below. )
Open a free demo account with Easy-forex now
Account types
Easy Forex provides both a standard account for more experienced traders, and a mini account for beginners, apart from various other types of packages on special terms and conditions. The minimum initial deposit requirement is 200 USD, one of the lower in the industry. The minimum transaction size is 2,500 USD.
Easy Forex offers leverage options at 1:50, 1:100, 1:200; in addition to tailor-made packages for the customer. The firm offers mini accounts for new traders apart from the standard one offered for those with years of experience in forex trading.
In addition to forex, Easy Forex clients can trade gold and silver, with oil also being available to non US-based traders.
Easy Forex provides both a standard account for more experienced traders, and a mini account for beginners, apart from various other types of packages on special terms and conditions. The minimum initial deposit requirement is 200 USD, one of the lower in the industry. The minimum transaction size is 2,500 USD.
Easy Forex offers leverage options at 1:50, 1:100, 1:200; in addition to tailor-made packages for the customer. The firm offers mini accounts for new traders apart from the standard one offered for those with years of experience in forex trading.
In addition to forex, Easy Forex clients can trade gold and silver, with oil also being available to non US-based traders.
Deposits and Withdrawals
Easy Forex is very flexible about client deposits and withdrawals. Deposits are accepted via credit card, paypal or bank transfers, and no commissions, fees or spreads apply during withdrawal to a credit card account.
Easy Forex is very flexible about client deposits and withdrawals. Deposits are accepted via credit card, paypal or bank transfers, and no commissions, fees or spreads apply during withdrawal to a credit card account.
Trading Platform
Easy Forex offers a trading platform that grants the user 24/7 access. Trading is available from 06:00 Monday Sydney time until 17:00 Friday New York Time, covering the entire market action without restrictions. The multilanguage platform can be customized to operate in languages including English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish and Hebrew. The trading software is web-based, and doesn’t require the download of any additional application, eliminating many security-related concerns. In addition, and in harmony with the industry-wide move toward complete automation of trade execution, Easy Forex offers its clients an online trading experience that completely eliminates the need for a dealer desk, or other intermediary.
The platform provides real time updates of the trader’s account, with slippage minimized to the maximum extent. The firm’s official policy with respect to slippage is simple and straightforward, in their words, “what you see is what you get”.
The trading software comes with the standard supporting tools including charting services, economic info and indices, and technical analysis tools, which are all implemented as part of the basic package. The economic information is supplied by the world’s most trustworthy and reputable news agency, Reuters.
To ensure 24/7, 365 days a year uninterrupted client access to the platform, Easy Forex operates server farms in both the US and the UK.
Easy Forex offers a trading platform that grants the user 24/7 access. Trading is available from 06:00 Monday Sydney time until 17:00 Friday New York Time, covering the entire market action without restrictions. The multilanguage platform can be customized to operate in languages including English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish and Hebrew. The trading software is web-based, and doesn’t require the download of any additional application, eliminating many security-related concerns. In addition, and in harmony with the industry-wide move toward complete automation of trade execution, Easy Forex offers its clients an online trading experience that completely eliminates the need for a dealer desk, or other intermediary.
The platform provides real time updates of the trader’s account, with slippage minimized to the maximum extent. The firm’s official policy with respect to slippage is simple and straightforward, in their words, “what you see is what you get”.
The trading software comes with the standard supporting tools including charting services, economic info and indices, and technical analysis tools, which are all implemented as part of the basic package. The economic information is supplied by the world’s most trustworthy and reputable news agency, Reuters.
To ensure 24/7, 365 days a year uninterrupted client access to the platform, Easy Forex operates server farms in both the US and the UK.
Beginner’s Education
Easy Forex offers live training by phone, guided video tours, online chat services, and a comprehensive info center to smoothen the beginner’s experience with forex trading. The support service is renowned for its professionalism and friendly attitude.
Apart from the customary demo accounts that is a standard feature of the industry nowadays, Easy Forex offers a one-on-one training scheme to accompany their demo accounts..
Easy Forex offers live training by phone, guided video tours, online chat services, and a comprehensive info center to smoothen the beginner’s experience with forex trading. The support service is renowned for its professionalism and friendly attitude.
Apart from the customary demo accounts that is a standard feature of the industry nowadays, Easy Forex offers a one-on-one training scheme to accompany their demo accounts..
Security and Privacy
In order to ensure the security and privacy of client data, Easy Forex cooperates with Verisign, one of the powerhouses of the internet security and data encryption business. Credit card clearing services are provided by Barclaycard, once again one of the most reliable firms in the financial services industry.
Easy Forex is a transparent firm audited by financial authorities of the nations where it has branches.. Internal auditing is performed by HLB Afxentiou & Partners, a worldwide organization that is a member firm of HLB International.
With a history reaching back 50 years, HLB ranks among the top 15 accounting and business advisory groups worldwide, with more than 1340 partners and 10900 staff in 450 offices.
In order to ensure the security and privacy of client data, Easy Forex cooperates with Verisign, one of the powerhouses of the internet security and data encryption business. Credit card clearing services are provided by Barclaycard, once again one of the most reliable firms in the financial services industry.
Easy Forex is a transparent firm audited by financial authorities of the nations where it has branches.. Internal auditing is performed by HLB Afxentiou & Partners, a worldwide organization that is a member firm of HLB International.
With a history reaching back 50 years, HLB ranks among the top 15 accounting and business advisory groups worldwide, with more than 1340 partners and 10900 staff in 450 offices.
Conclusion
We recommend Easy Forex for the user friendly nature of its trading platform, the warm attitude of its support staff, and the advantages of its account packages. Great customization opportunities, reliable servers, and trader-friendly order execution policies make Easy Forex one of the best brokerage choices for the beginning trader.
With international visibility, a sound financial structure regulated in three corners of the globe, Easy Forex is one of the more trustworthy and accountable firms in the forex industry. Established in 1999, the firm has been one of the earliest pioneers of retail currency trading, and it is also one of those that have been untainted by scandals or corruption issues. Regulated, audited, and certified, Easy Forex is there to help you avoid the headaches associated with the shady undergrowths of the retail currency trading business.
Easy-Forex Reviews:
| Rating: SCAM Submitted by: Good Welsh (27.06.2008 09:39) |
| Scam, I lost the money I deposited. |
| Rating: SCAM Submitted by: naan (27.06.2008 10:38) |
| see for example at www.easy-forex-warning.com |
| Rating: SCAM Submitted by: Easy Forex (29.06.2008 11:08) |
| Stay far away. They provide incentives to their Agents to influence your trades. See www.easy-forex-warning.com for the details and how they cheated hundreds of people. I just am one of many coming forward who just filed a law suit. These guys are world wide and I\'m shocked no one has been able to revoke their licenses to operate already. |
Rating: Submitted by: Easy Forex (30.06.2008 16:32) |
| They provide the best service among forex platforms I have tried. They are fair and always solved any issues I had. I asked them about above individual who is suing them and aparently is a client who lost money on his own actions and is now trying to blame the brokers. He is also violating the law by writing untruthful things in the above website. He does not even have the courage to put his name on the website. |
| Rating: Not Rated Submitted by: Henk Pretorius (15.11.2008 15:10) |
| Easy Forex refunded me within four days after a request from me to do so. I found their platform inadaquate compared to Forex.com, I-Forex and Ava Fx. They consulted me open mindedly about the matter and refunded me every cent. I cannot imagine that they are really guilty of fraud. |
| Rating: Submitted by: GEORGE (03.01.2009 16:43) |
| I HAVE BEEN USING THIS SYSTEM FOR OVER TWO YEARS. I HAVE MY OWN ACCOUNT MANAGER, ASSIGNED ONLY TO MY ACCOUNT, WHO CALLS ME AT LEAST ONCE EVERY COUPLE OF WEEKS TO CHECK IN, AND I ALSO HAVE ONE ON ONE DEALER TIME, WITH THE COMPANIES DEALER ROOM. GREAT SERVICE. I AM AN EDUCATED ECONOMIST, WITH A SERIES 3 LIC. .(NOT AFFILIATED WITH THIS PLATFORM IN ANYWAY). I TRADE ONLY FOR MY OWN PROFIT, WITH MY MONEY. I HAVE NEVER HAD A PROBLEM WITH THIS COMPANY. THEY ARE AND HAVE BEEN, VERY PROFESSIONAL. THEIR SYSTEM IS QUICK AND RESPONSIVE, AND THEIR CHARTING TOOLS WORK QUITE WELL, FOR A FREE TOOL. REGARDING SOME OF THE REVIEWS I HAVE SEEN ON YOUR SITE: I CANNOT FOR THE LIFE OF ME UNDERSTAND WHY SOME PEOPLE WOULD GIVE NEGATIVE REVIEWS TO SOME OF THE OTHER REPUTABLE TRADE PLATFORMS AS SHOWN ON YOUR SITE. PERHAPS THEY LOST MONEY DUE TO POOR ANTICIPATION AND STUDY OF THE MARKET. I HAVE SEEN REVIEWS, SUCH AS,\" DO NOT USE THIS XXXX, I LOST MONEY IN ALL MY TRADES\". IN REALITY, THIS IS QUITE COMICAL. PEOPLE REALLY NEED TO UNDERSTAND, THAT WHEN SELECTING A TRADE PLATFORM, MAKE CERTAIN IT IS LEGIT. AS LONG AS THE PLATFORM IS IN FULL COMPLIANCE WITH ALL LAWS AND IS FULLY LICENSED, THERE IS NO REASON WHY NOT TO USE THEM. THE OLD ADAGE...IT IS A POOR CRAFTSMEN THAT BLAMES HIS TOOLS...DOES APPLY HERE. FOREX TRADING, TAKES TIME. IT IS A LEGITIMATE PROFESSION, THUS THE LICENSING AVAILABLE TO THE PROFESSIONAL BROKER. PEOPLE GET INVOLVED WITH FX EVERYDAY THINKING THEY WILL GET RICH QUICK, AND WHEN THEY DO NOT, THEY ASSUME IT IS THE PLATFORMS FAULT IF MONEY IS LOST. TO TRADE CORRECTLY, ONE MUST DO CAREFUL ANALYSIS OF BOTH FUNDAMENTALS OF THE MARKET AND THE CURRENCY PAIR (IE. LIN. REGRSN. ANLYS) . IT TAKES YEARS TO MASTER AND EVEN THE PRO\'S GET IT WRONG. FOREX IS NOT FOR EVERYONE, IF YOU DO NOT HAVE MONEY THAT YOU CAN RISK WITH FEAR OF LOSS, AND 10-12 HOURS A DAY TO DEVOTE, DO NOT TRADE FOREX. BUY A FEW BLUE CHIP STOCKS, AND CALL IT A DAY. I CAN SYMPATHIZE WITH SOME OF THE POSTERS ON YOUR SITE. THEIR ARE INDIVIDUALS OUT THEIR WHO POSE AS LEGIT, PLATFORMS, ONLY TO SCAM YOU MONEY. THIS IS SAD, BUT VERY TRUE. HOWEVER, PEOPLE NEED TO BE A BIT MORE CLEAR WHEN POSTING A REVIEW. IF YOU WERE \"SCAMMED\" EXPLAIN EXACTLY HOW, AND FILE COMPLAINTS WITH THE PROPER AUTHORITIES. DO NOT LEAVE A FLAT NEG. REVIEW BECAUSE YOU LOST MONEY DUE TO POOR TRADING METHODS. TAKE CARE AND THANK YOU FOR YOUR SITE. IF ONE WEEDS OUT THE EMOTIONAL SORT(THOSE NEWBIES THAT LOST TONS AND ARE THEREFORE SORE) IT IS A GREAT SOURCE OF INFO. GCA, MOBILE, AL. |
Rating: Submitted by: yyy (27.01.2009 08:02) |
| I dont say they are a complete scam, but there is definately some stuff going on that\'s not right. They change the pip spread all the time, charge your creditcard without approval, and withdrawing is difficult. Last week i wanted to withdraw, and they said firts i had to depostit more money. After that ridiculous request and 20 phone calls later, they said they would cash me out, but colsed my account, very strange. Eventhough i expect my money soon, havent got it yet. So i keep you guys up to date. When i dont get it, offcourse a scam, and even if they give it, i advise everyone to stay away from this company. I did some research and they only one i found that was ok, was dbfx (deutsche bank). It\'s alot harder to get started, new accounts all kinds of forms. And i thought that is just extra work, but now i realise that thats the way how it should be, al the company where you can start within 5 minutes a basicaly a scam, because withdrawing takes forever. |
| Rating: Submitted by: Richard Naylor (06.04.2009 09:30) |
| There was a bad call(mistake)on my EUR CAD position on fiday that triggered my stop loss and wiped my account. I told them on monday and my position was restored again. I´ve been with easy-forex for 2 years and so far i belong to the 98% of lossers in forex gambling but they did transfer 200$ to my visa some time back when i had a winning position. If this situation ever changes I will have you informed. So far so good |
| Rating: Submitted by: Robert (30.04.2009 05:20) |
| I had a my position closed out due to an apparent misquote on their platform by their liquidity provider. It resulted in a loss to me but the next day they called me up, told me it was a misquote and reinstated my position. I can't imagine many brokers doing the same. |
| Rating: SCAM Submitted by: fxnewbie (23.05.2009 10:43) |
| the fact that their chart displays such as small time frame is just intended for presenting you an incomplete picture and make you lose money. |
| Rating: Not Rated Submitted by: DRAKELAWCENTER (03.06.2009 04:22) |
| I HAVE BEEN USING THIS SYSTEM FOR OVER TWO YEARS. I HAVE MY OWN ACCOUNT MANAGER, ASSIGNED ONLY TO MY ACCOUNT, WHO CALLS ME AT LEAST ONCE EVERY COUPLE OF WEEKS TO CHECK IN, AND I ALSO HAVE ONE ON ONE DEALER TIME, WITH THE COMPANIES DEALER ROOM. GREAT SERVICE. I AM AN EDUCATED ECONOMIST, WITH A SERIES 3 LIC. .(NOT AFFILIATED WITH THIS PLATFORM IN ANYWAY). I TRADE ONLY FOR MY OWN PROFIT, WITH MY MONEY. I HAVE NEVER HAD A PROBLEM WITH THIS COMPANY. THEY ARE AND HAVE BEEN, VERY PROFESSIONAL. THEIR SYSTEM IS QUICK AND RESPONSIVE, AND THEIR CHARTING TOOLS WORK QUITE WELL, FOR A FREE TOOL. REGARDING SOME OF THE REVIEWS I HAVE SEEN ON YOUR SITE: I CANNOT FOR THE LIFE OF ME UNDERSTAND WHY SOME PEOPLE WOULD GIVE NEGATIVE REVIEWS TO SOME OF THE OTHER REPUTABLE TRADE PLATFORMS AS SHOWN ON YOUR SITE. PERHAPS THEY LOST MONEY DUE TO POOR ANTICIPATION AND STUDY OF THE MARKET. I HAVE SEEN REVIEWS, SUCH AS,\" DO NOT USE THIS XXXX, I LOST MONEY IN ALL MY TRADES\". IN REALITY, THIS IS QUITE COMICAL. PEOPLE REALLY NEED TO UNDERSTAND, THAT WHEN SELECTING A TRADE PLATFORM, MAKE CERTAIN IT IS LEGIT. AS LONG AS THE PLATFORM IS IN FULL COMPLIANCE WITH ALL LAWS AND IS FULLY LICENSED, THERE IS NO REASON WHY NOT TO USE THEM. THE OLD ADAGE...IT IS A POOR CRAFTSMEN THAT BLAMES HIS TOOLS...DOES APPLY HERE. FOREX TRADING, TAKES TIME. IT IS A LEGITIMATE PROFESSION, THUS THE LICENSING AVAILABLE TO THE PROFESSIONAL BROKER. PEOPLE GET INVOLVED WITH FX EVERYDAY THINKING THEY WILL GET RICH QUICK, AND WHEN THEY DO NOT, THEY ASSUME IT IS THE PLATFORMS FAULT IF MONEY IS LOST. TO TRADE CORRECTLY, ONE MUST DO CAREFUL ANALYSIS OF BOTH FUNDAMENTALS OF THE MARKET AND THE CURRENCY PAIR (IE. LIN. REGRSN. ANLYS) . IT TAKES YEARS TO MASTER AND EVEN THE PRO\'S GET IT WRONG. FOREX IS NOT FOR EVERYONE, IF YOU DO NOT HAVE MONEY THAT YOU CAN RISK WITH FEAR OF LOSS, AND 10-12 HOURS A DAY TO DEVOTE, DO NOT TRADE FOREX. BUY A FEW BLUE CHIP STOCKS, AND CALL IT A DAY. I CAN SYMPATHIZE WITH SOME OF THE POSTERS ON YOUR SITE. THEIR ARE INDIVIDUALS OUT THEIR WHO POSE AS LEGIT, PLATFORMS, ONLY TO SCAM YOU MONEY. THIS IS SAD, BUT VERY TRUE. HOWEVER, PEOPLE NEED TO BE A BIT MORE CLEAR WHEN POSTING A REVIEW. IF YOU WERE \"SCAMMED\" EXPLAIN EXACTLY HOW, AND FILE COMPLAINTS WITH THE PROPER AUTHORITIES. DO NOT LEAVE A FLAT NEG. REVIEW BECAUSE YOU LOST MONEY DUE TO POOR TRADING METHODS. TAKE CARE AND THANK YOU FOR YOUR SITE. IF ONE WEEDS OUT THE EMOTIONAL SORT(THOSE NEWBIES THAT LOST TONS AND ARE THEREFORE SORE) IT IS A GREAT SOURCE OF INFO. GCA, MOBILE, AL. DRAKELAWCENTER@GMAIL.COM |
| Rating: Submitted by: new trader (24.10.2009 19:44) |
| i got sense that there brokers are crooks.I'm with them for last 3 month and i have lost a lot of money for there "friendly" advices.Have constanly pushing for close my trades where shouldn't. Stay away from them and do your own forex studies/researches. |
Now, these are the feedback we can gather so far.Feel free to add, so we can benefit from it.Cheers.
