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Easy Forex

Easy Forex Easy Forex
License
Trading software Easy-Forex™ Trading Platform
Trading conditions Min. deposit: $50
Leverage: you choose
Commissions: 0
Free trial: Yes
Pip Spread on Majors: variable
Address '1 Griva Digheni Street, Limassol, Cyprus, Cyprus Phone number: +357-828899

Residence, Regulation, and Company Management Structure

The central office of Easy-ForexTM is located on Cyprus, but there are also offices in Israel, Switzerland, Australia and Phillipines. It is stated on the site, that the company's work is regulated by Swiss legislative organs. The company's residence is not stated directly. No managers of the company are mentioned.

 

Company's Market Position

The company is probably a broker, but it doesn't name it's status.

It's liquidity partners are UBS (Switzerland) and RBS (Royal Bank of Scotland) banks.

There is no mentioning of types of accounts the company offers on the site.

The company trades spot-course currencies, currency forwards and options, gold and silver.

The minimum size of a trading deposit is $25.

Types of Services Offered

Easy forex trades 12 currencies and their crosses, including Israeli shekel and Polish zloty, gold and silver.

The size of lots is variable from 2500 to 100000 of traded currency.

Sizes of spreads depend upon size and status of an account. For VIP basic spread totals 3 pt., for mini accounts - 10 pt. What a "basic spread" is, whether it used for all currencies or not and whether exotics require another spread is not mentioned on the site.

Marginal requirements are not stated on the site.

Transfer of positions to the next day is charged a tax of 0.03% (0.01% for positions of more than $50k).

An opportunity to trade without opening a standard trading account right from a card-account is a very interesting invention of the company.

Traders Support

The site has an section, which contains educational and reference information about Forex market.

Opening a demo-account is offered.

Fundamental traders support is represented by analytical reviews, news summary by Reuters News, financial calendar, diagrams. It was impossible to evaluate these diagrams because they are available only to registered users.

Clients support is done by email and telephone line. The site has a chat, but only VIP clients have access to it.

Trading Platform

The trading platform is JAVA-based, there is no detailed description of it on the site. The company offers for those who want to learn how to work with the platform. demonstrates the most simple actions which can be done with this trading platform. Analytical potential of the platform are not described.

Site Design and Ease of Navigation Comments

The design is simple and unpretentious. It works only with Microsoft Internet Explorer 5.X, other browsers are not supported. Informational filling of different sections is uneven. Some minor questions are fully described, but the pages which are devoted to the services the company offers and terms of trade are filled with general statements which do not contain any exact information.

Conclusion

While surfing the site it's impossible to indicate the company's advantages and how it is different from other brokers.

It looks like the founders of the site didn't want to give the visitor full information about the company, it's services and terms of trade, but wanted to persuade the visitor to consult the support-team on the issues which must be clearly stated.

Actualization date14 May 2012
Participation in the rating
Foundation2003
Regulated byNFA, CFTC, ASIC, EU CySEC
PlatformsEasy-Forex™ Trading Platform
LanguagesEnglish, Spanish, Chinese, Greek, Arabic, German, Russian, French
Other instrumentsMetals, Oil
Payment methodsCredit Card, PayPal, Wire Transfer
Mini account$25
Standard account$500
Leverage1:50, 1:100, 1:200
Pip spread on majorsdynamic
CommissionsOnly on the spread
24 hour trading
Demo account$50,000
24 hour support
Free phone+357-25-828899
Mobile forex trading
1st deposit bonusno
Forex contests, competitionsno
HeadquartersGriva Digeni 1 Ave, Kriel Court, 3035 Limassol., Cyprus
WWWhttp://www.easy-forex.com/
Interest charges on the balanceno
 

Latest forex broker news

18 January 2010   Easy Forex
Easy-Forex
We’re focused on the only person who counts. Forex looks difficult and complicated, only for the big boys. We'll make it easy and accessible, allowing anyone to be part of the big game...
14 April 2009   Easy Forex
Why Easy-Forex
26 March 2009   Easy Forex
Daily Outlook 27th March 2009

Admiral Markets Gold Accounts are designed as MetaTrader4 trading accounts denominated in gold

Accounts are available for all customers, which is, beyond question, a considerable investment opportunity for every trader at all times. Gold (Aurum) is the most popular precious metal either in common life and financial world, as it is the primary component of the reserve funds managed by central banks. Without being a circulating medium, Aurum remains to be one of the most important elements in the periodic system as a vital commodity for various industrial applications.
18 December 2008   Easy Forex
Forex as a home business
25 November 2008   Easy Forex
Easy-Forex

Latest comments

20 August 2011   fari Answer this comment   Easy Forex Add new comment for Easy Forex
Very unprofessional broker, I stated with them and after two successful wining days this broker closed my account without any notice and promised to return only my initial funding, guest what! Even that wasn’t paid completely. What about the wining money, they took it. I was told they don’t accept clients from my country because of the company policy. On a reply I told then why in the world you let approved my account? They had nothing to say. If you ask me, I will tell go to another broker. Good look everyone.
14 February 2011   Fernando Answer this comment   Easy Forex Add new comment for Easy Forex
With regard to comment by Nael , Nov.23, 2010 I have to say, this company is permanently in a re-structuring process . It is an old strategy to justify its lack of transparent forex trading platform. If Nael was told the company was in the process of re-structuring, I was told the same three years ago. Even more , they kept sending me promotional material after I told them not to send me their e-mails anymore and have had unsubscribed several times from their e-mails.Be careful with this unethical company.
23 November 2010   Nael Answer this comment   Easy Forex Add new comment for Easy Forex
Easy-Forex-its an Israeli company with tricks and lack of support trading companies. The current re-structuring of management that took place recently made the company even more unprofessional due to trading. I burn substantial amount of money trading with them because i was not able to safe my position by depositing funds to my account to move my S/L further away from the market price. The current COO and some Business Unit managers, are very far behind how to help traders to win. All they do now is making trading Difficult and NOT EASY. They should change the name from Easy-Forex to Hard Core Forex...if u smart DO NOT trade with them!!!
31 January 2010   Daniel Answer this comment   Easy Forex Add new comment for Easy Forex
very bad broker.......beware if you are using any other currency for deposit apart from USD$ as anytime when you start your trade, you will either have an advantage or disadvatage on the base currency that you used to deposit due to open market movement on this. This even happens to pending orders ( Scam).........spread and interest rate as most of you have been aware, very wide in term of other market maker. Charts isnt streaming real time quote....and the use of Java has also make the chart slow to flash up ( especially in busy hours) that is making you losing out on yout trade opportunity....Customer service is equally bad as there system

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2 December 2009   Price Answer this comment   Easy Forex Add new comment for Easy Forex
After 7 e-mails which promissed transfer of my funds I had to call...and call...and call...good luck zainar.






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