Easy Forex has been at the forefront of the online foreign exchange brokerage business since 2003, having been founded by a team of bankers that combined their foreign exchange experience to make the forex market available to retail traders. An Easy Forex review indicates the broker has customers in over 150 countries worldwide.
The brokerage company has Limassol, Cyprus as its foreign exchange business headquarters, with offices in major world financial capitals such as London and Sydney as well as in Tel Aviv, Melbourne and Manila. It is registered and regulated in Australia (ASIC AFSL 246566), and the European Union (CySEC 079/07)
Four different trading platforms as well as full MetaTrader 4 support are offered. Easy Forex trading platforms include mobile options that can be used on both iPhones and Blackberrys.
Web Trading - the basic Easy Forex trading platform, Visual Trading, can be accessed without a download on any computer with Internet access. The platform is fully compatible with the downloadable TradeDesk platform.
TradeDesk - the broker's premier trading platform, TradeDesk allows the trader to customize their own platform visual layout with a wide selection of modules and small applications. The applications include news and technical analysis as well as real time trading and quotes. Pre-made layouts can also be used from the layouts option. Also, more than one layout can be created to suit different market scenarios.
EasyForex on iPhone - despite limited features compared to the desktop trading platforms, the iPhone application can be downloaded free of charge from iTunes.
Easy forex for the Blackberry - also limited compared to the full online trading platform, the Blackberry version is available from the BlackBerry app store or from the easyforex website server.
You can get started using a practice account funded with $100,000 of virtual money. Live account types include Mini, Gold, Platinum and VIP, all with different minimum initial deposits.
The minimum amount you have to place on deposit with to open a live trading account is just $25 for a Standard Mini Account.
customers may fund their Easy Forex trading account in up to 12 different currencies. Deposits are accepted with credit card transfers: Amex, MC and Visa, as well as PayPal and bank wire transfers.
Funds may be withdrawn to the same credit card or bank accounts they were deposited from. Bank withdrawals may take longer to process.
An Easy Forex review shows spreads are fixed, varying from three pips for EUR/USD, USD/JPY and AUD/USD to five pips for NZD/USD. Cross-rates generally have wider spreads such as EUR/NZD, which has a spread of thirteen pips.
No commissions are charged on transactions or withdrawals.
You can enter a variety of order types, including: market orders, limit orders, entry stop and entry limit orders, stop orders and OCO, or One Cancels the Other orders.
The minimum transaction amount or lot size is $5,000 USD.
the site offers traders 100% leverage on their funds, with ratios of 1:50, 1:100 and 1:200. In addition to custom leverage ratios depending on the account size and regional regulatory restrictions.
foreign exchange market news, charts, market evaluations and a wide selection of online foreign exchange and financial articles round out this popular broker.
a wide selection of foreign exchange training videos with a variety of trading topics, in addition to features on their trading platform such as a Trade Simulator, Inside Viewer and Trade Controller, offer new traders a broad range of foreign exchange educational options.
To sum it up, EasyForex has all the right ingredients that traders look for in an online foreign exchange broker. With tight fixed spreads and a comprehensive trading platform, in addition to the option of trading on your mobile phone, make this broker a tough choice to beat.
Also, the fact that this broker is regulated in both the E.U. and Australia gives traders additional security for their funds.
