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This Easy Forex review takes a detailed look at the brokerage services offered by this favored Europe-based broker.  

Let's take the small print first because when you are considering signing up with a broker, your first task must be to test how long they've been established and whether they hold membership of any regulatory bodies. The majority of our information comes from the corporation's internet site but we have checked up on some info independently. changes may happen without warning and you should always do your due groundwork before investing with any monetary service.

Easy Forex is an international broker with separate sites for traders in USA, UK, Australia and rest of the Earth. The company operates as a forex market maker offering trading services to residents over 150 countries. They've been in business since 2003 and have offices in 9 states including the United States, UK and Australia.  

The company's registered address is in Cyprus, which is a member of the ECU, but as forex brokers they are controlled in many different nations. They are registered with the CCFC and NFA in the United States, the Cyprus stocks & Exchange Commission to cover the EU, and they hold an Australian finance Services Licence with the Australian securities & Investments Commission. So this is a well established global broker.

Due to the high level of regulation in countries like the US and EU with strict fiscal services legislation, they do require explanation of identity before you can withdraw. To avoid delays when you want your money, get the paperwork fixed as fast as you sign up.

All major currency pairs are offered. In addition Easy Forex allows trading on asmall low} number of commodities like oil and gold. Currency pairs and commodities can change depending on your region, so take a look at the web site for what is provided in your area.

Tools include the usual range of charts, a fiscal calendar showing upcoming economic indicators, Reuters news feed, rates and currency rates, and SMS alerts for certain events. As well as viewing your own account, you may broadly see what other traders are doing on the platform : which are the popular pairs, whether most traders are taking long or short positions, for example.

In addition they offer training in technical research via webinars, videos and live one on one training.

There's also a demo trading technique called the Trade Simulator, so that you can get to grips with the platform and test systems. The platform may require some getting used to if you're swapping from another broker who uses MT4. This is absolutely different. Be sure to spend a little time in the Trade Simulator before going live.

Easy Forex make their cash through the spread, with no maintenance fees and no charges on deposits or withdrawals. Current spreads are displayed on the internet site. Spreads are reasonably high but this indicates the spread may truly be their source of earnings so they haven't any need to trade against you as some market makers do.

Rather than charging interest, they charge fees on day trading deals that are held over to the following day. Avoid this by not opening trades right before midnight in their time area (GMT +2).

We have checked user feedback across the web and it is extremely positive for a broker with agiant big high} number of beginners among the customer base. Easy Forex are honored especially for their useful and friendly purchaser service, which sets them above many equivalent brokers.

1 or 2 users have been unpleasantly surprised to receive margin calls on their credit cards. Margin calls are less common in foreign exchange than in stock trading but they can happen and beginners are commonly not prepared for this. You can stop astonishing charges if you deposit your funds by bank wire transfer. This takes longer of course, 3 to four days is the norm, but you'll always be in a position of approving any future payments. Of course you'll still have guilt for a margin call and you should be using stop losses anyhow to make sure that a losing trade will not even come near to threatening your entire balance, but we will all make mistakes and infrequently with little accounts this is hard. Using bank transfer will prevent surprises.

This is a well established and controlled currency market maker with a good range of services and good feedback from current users. A good choice for day traders, particularly for noobs or those looking to move from another mini forex account broker. On the supposition of this Easy Forex Review we can highly recommend Easy Forex.

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