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Easy Forex Review

Easy Forex is one of the few brokerages that you either love or you hate. There are some things about it that are the best in the business, and some that are very frustrating. Depending on your trading style, you are bound to belong to one of the extreme camps. On the downside, minimum trade sizes are quite high, so longer-term or less aggressive traders are left with few money management options, charting is very poor, and clients are charged for all positions held over night regardless of currency pair or interest rate differential. On the other hand though, the company takes good care of its clients. Easy Forex offers free one on one training (platform and general trading), customer support is very helpful, there are no deposit or withdrawal fees, order execution is flawless, and even after-hours trading is available.

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Subjective Ratings

Charting: One star Charting Rating
Execution: Five star Execution Rating
User-friendliness: Four star User-friendliness Rating
Customer support: Four and Half star Customer Support Rating
Transaction costs (spreads): Three star Transaction Costs (spreads) Rating
Rollover interest rates: Zero Rollover interest rates Rating
Withdrawal processing: Five star Withdrawal processing Rating
Platform Functionality: Three star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating
Average rating: Three and Half star Average Rating

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Business Details

Broker Headquarters: Limassol, Cyprus
Regulated By: * ASIC AFSL (Australia);
* CySEC (Cyprus);
* CFTC & NFA (USA)
Client Account Segregation: Basler Kantonalbank
Collect Taxes on Earnings: No
Accept US traders?:
Main liquidity providers: UBS, RBS (Royal Bank of Scotland)
Broker Capital as of 01-1970 $10,606,977
Also has offices in: Chicago, Melbourne, Sydney, Manila, Tel Aviv
Registered Business Name: Easy Forex US Ltd.
In business since year:
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded

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Trading Conditions

Browser platform: Easy-Forex® (proprietary)
Downloadable platform: No
Mobile platform: Easy-Forex® (proprietary)
Phone dealing: Yes
No Dealing Desk Execution: Yes (dealing desk available on request)
Fixed spreads: Yes (except after-hours)
Guaranteed stop losses? Yes
Hedging capability: Yes
Trading Hours: Sun. 20:00GMT - Fri. 21:00GMT (trading outside these times available but incurs higher spread costs)
Timezone GMT
Scalping allowed: No
Account currencies available: AUD, CAD, CHF, EUR, GBP, ILS, JPY, NOK, NZD, PLN, SGD, USD
Platform languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish
Support languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish
Demo account: 15 days
Live chat support: Yes (Monday-Friday 06:00am GMT until 4pm GMT)
Swap-free accounts  
Typical spread on EUR/USD: 3-7 pips, depending on account type
Order processing: Market Maker
OCO orders available: No
Trailing Stops: None
If/then orders available:
Account Types
Account Maximum
Leverage
Minimum/Maximum
deposit:
Minimum/Maximum
trade size:
Notes
Platinum Account 200:1* $500/$4,999 $50,000/unlimited
Mini Account 200:1* $200/$499 $2,500/unlimited
VIP Account 200:1* $10,000/unlimited $1,000,000/unlimited
Tradeable Instruments: 190   
Automated Trading: No
Depth of market view (Liquidity): No depth of market view available
Interest on Margin: No
Pending Orders Away from Market:

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* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.

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