Easy Forex Review

Easy Forex promises exactly what their name implies, Forex trading is easy trading with them; they offer a wide range of educational tools to ensure the trader is fully prepared for his Forex trading journey. These tools are:

• Training Videos – Easy Forex offers access to a range of forty videos that take you from basic Forex subjects to advanced ones for targeting professional traders. They cover Getting Started, Reading Charts and How to Use Technical and Fundamental Analysis amongst other topics.
• Seminars, Webinars and Expos – No matter where you are in the world you can access further ongoing training from Easy Forex and through a number of sources; they are everywhere! If the city you live in usually hosts Forex events like a seminar or an expo, then Easy Forex are there. You can hear their experts talk about their experiences, sharing a trading strategy or just updating guests about new practices in the Forex industry. If you can’t do that, join them for a webinar. Easy Forex’s presence in the sector is evident at every turn. You’ll have the chance to meet the team and talk about your needs with an expert. Unfortunately, dates of all these events can only be accessed when you register with Easy Forex.
• Demo Account and Trade Simulator – With these two tools you can practice Forex trading before committing your money. Trade Simulator, a very useful tool, is also available with live accounts as a way of testing strategies or EA’s ideas before actually executing any trade using your funds.
• Forex Articles – If you prefer reading material about Forex and how to trade, their Forex articles mirror the quality of the training videos and together with an eBook, these tools provide a comprehensive written introduction to trading Forex.
• Daily Reports and News – Using a variety of in house and external news sources including Reuters and MNI, Easy Forex keeps you up to date with fundamental and technical analysis.
• SMS Alerts – A classic that has disappeared from other brokers’ navigation bars; these messages will brief you about the market and economic releases. It works as well as a tool to notify you when the price of a specific currency or commodity you chose is reached and when your limit order is filled or executed.
• Social Networks – You can also learn from and participate in their updated rich media channels and online social networks.
• Account Managers and Personal Dealers – These can help you make the most out of the opportunities in the Forex market, basically by being there for you when you want to open an account, make your first trade or to guide you as you gain more experience.

Easy Forex promise good customer support and you can gain access to it via email, telephone or live chat online. Response times were below 24 hours, answers were adequate and the staff are knowledgeable, friendly and multilingual.

Despite some comments in other Forex related websites urging caution when dealing with Easy Forex, particularly regarding CySEC fining them in 2010, traders should note that the fine was imposed over the wording and font size of an advertisement, not for any financial wrongdoing. Negative reviews are normal and expected when they are about a broker who is as old as they are, and in consideration of the high number of trades that the company managed and still does.
You will not find any list of awards won in the past on Easy Forex’s website, Simply because they have been around long enough to know that they should not brag about trophies won in Expos, rather their actual service and trading conditions, and they let those to speak for themselves too. However, Easy Forex won a number of awards in the past. They were the Best Forex Education at the UK Forex Awards in 2012, and the Best Online Broker, Eastern Europe, in World Finance Awards 2012.

Easy Forex is registered with and regulated by CySEC, which has taken action against them in the past only to prove that their internal policies, trading accounts, funds and trading practices are just fine, CySEC rather had a problem with Easy Forex’s advertisements styling.
They also fall under the MiFID in Europe and are regulated by the ASIC in Australia. Clients’ funds are held separately in respected banks around the world.

Easy Forex offers a good range of platforms, starting with their Web Trading Platform, to allow access to your trading account anywhere in the world, no matter what kind of device you are using and without having to download any software. Trade Desk is an interesting modular platform which you can build to suit your needs. Easy Forex also offers the market’s standard, MT4. Finally, you can trade on any mobile device using the mobile versions of their platforms. The services Easy Forex offers as a broker and the technological advancement they are utilizing clearly proves their maturity and competitiveness, which is demonstrated in the table below.
[table id=16 /]

There are no margin requirements on many of their accounts, which I’m sure is something everyone reading this review wished they had known about before, including myself. Leverage varies depending on the type of account, Standard, Premium and VIP and starting from 1:50 up to 1:200. They also offer tailor-made leverages depending on the account type, equity and regional restrictions as specified on their website.
Islamic Sharia compliant accounts are offered by Easy Forex because of their huge clients base in Arabic and Muslim countries. The spread on the EUR/USD is three pips on the Standard account, but goes down to 1.8 on their VIP account, which has a minimum deposit requirement of 20,000 USD.
Easy Forex also offers a few useful tools for their clients, such as the Trade Controller, which is a precision graphing instrument that allows you to check profit scenarios. The trade simulator is another tool that lets you try out some trades without risking your money or an obligation towards them or any other party, but what is impressive and innovative in our opinion is the Inside Viewer which allows you to see real-time trades and trends based on what their clients are trading.
Spreads are fixed on Easy Forex’s platforms, and they also guarantee stop orders, at all times, which is really needed for any client trading a decent size volume or equity. Expert Advisors are compatible only with their MT4 based platforms.

Easy Forex offers trading only with fixed spreads, start at 3 pips on the standard account, which is pretty high for some traders, however the spread on the VIP account will start at 1.8. The VIP account is requires USD 20,000 deposit, which is the minimum for any trader who is knowledgeable enough and has a real experience in the Forex industry.
Funds can be accepted from a variety of sources including bank wires, credit cards and wired cash and are usually credited the same business day. Withdrawals are sent to similar destinations but whilst usually processed that business day they can take longer to reach you. There is no fee applicable on deposits nor withdrawals of funds.

There’s a 20% bonus up to $2000 on new deposit for new accounts, which will be credited after the client depositor transfers the funds. The company also promise to double your gains or cover losses up to $200 on your first trade. Very nice!

What traders want is to be able to trade without fuss, safely, and be able to withdraw their cash when they want it. Easy Forex definitely lets you do this and much more when you trade with them your live account.
The company has done all it can to simplify Forex trading for the novice trader, as well as servicing the experienced trader properly. They are well represented across the world and offer a good and exciting package of tools and instruments to trade. Balancing themselves between simplicity and creative, innovative but yet a classic broker, they are one of the best out there for any type of Forex trader.