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Compare Forex Brokers Easy Forex And Baron Forex


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Subjective Ratings

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Easy Forex

Baron Forex

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

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Business Details

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Easy Forex

Baron Forex

 
Registered Business Name: Easy Forex US Ltd. BFX Capital Inc.
Broker Headquarters: Limassol, Cyprus Belize City, Belize
Also has offices in: Chicago, Melbourne, Sydney, Manila, Tel Aviv New York, Toronto, Cyprus
Regulated By: * ASIC AFSL (Australia);
* CySEC (Cyprus);
* CFTC & NFA (USA)
IFSC (Belize) No. 6012909
In business since year:   2008
Broker Capital as of 01-1970 $10,606,977 Unknown
Client Account Segregation: Basler Kantonalbank Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: UBS, RBS (Royal Bank of Scotland) Several major banks in Switzerland and the UK

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Trading Details

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Easy Forex

Baron Forex

 
Browser platform: Easy-Forex® (proprietary) None
Downloadable platform: No Baron Forex Metatrader 4 (MT4)
Mobile platform: Easy-Forex® (proprietary) None
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
VIP Account 200:1* $10,000/unlimited $1,000,000/unlimited
Mini Account 200:1* $200/$499 $2,500/unlimited
Platinum Account 200:1* $500/$4,999 $50,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts       Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 21    26   
No Dealing Desk Execution: Yes (dealing desk available on request) Not available
Typical spread on EUR/USD: 3-7 pips, depending on account type 2 pips (0.0002) FIXED
Fixed spreads: Yes (except after-hours) Yes
Guaranteed stop losses? Yes Yes, stop loss orders are guaranteed against slippage
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available:   No
Hedging capability: Yes Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours: Sun. 20:00GMT - Fri. 21:00GMT (trading outside these times available but incurs higher spread costs) Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT GMT datafeed
Scalping allowed: No Yes, traders are free to practice any trading style.
Account currencies available: AUD, CAD, CHF, EUR, GBP, ILS, JPY, NOK, NZD, PLN, SGD, USD CAD, EUR, USD
Platform languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish English, Spanish
Demo account: 15 days 30 days
Live chat support: Yes (Monday-Friday 06:00am GMT until 4pm GMT) Yes, excellent support is available during trading hours.
Interest on Margin: No No
Promotions & tournaments:   $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

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