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Easy-Forex

Corporate History

Easy-Forex has been a pioneer in helping get the retail forex trading business going, having been in operation since 2003 in more than 150 countries. Easy-Forex was created from the shared vision of a team of bankers who combined their years of professional foreign exchange and international banking experience to help bring forex to the retail market.

The broking company has its forex business headquartered in Limassol, Cyprus, but maintains offices around the globe in major money centers like London, Sydney as well as in Melbourne, Tel Aviv, and Manila. Furthermore, Easy-Forex holds licenses in Australia and the European Union, so it is regulated by two major financial authorities.

Features

• Join for free without obligation to deposit or trade.
• Stop orders executed without slippage.
• Single-click trading.
• Accounts in 12 base currencies.
• Trade over thirty currency pairs plus gold, silver and oil.
• Published standard dealing spreads (subject to change in fast markets)
• Inside Viewer Tool gives access to statistics about Easy-Forex client positioning and dealing.
• Trade Simulator allows traders to try trades without risk.
• Trade Controller helps you consider trading options visually.
• SMS alerts free to some accounts for rates and some order executions.
• Daily and weekly market outlooks
• Reuters continuous news feed
• Table of interest rates.
• Full use of funds for leverage.
• Dealing room access for some accounts.
• Website translated into 8 languages.
• Sharia accounts for Muslim clients with no roll fee.
• Orthodox Jewish account transaction permit.
• Rolls done at historical rate.
• Order types include:
  • Market orders
  • Limit orders
  • Entry stop and entry limit orders
  • Stop orders
  • Trailing stop orders.

Accounts

Mini Account

• For beginning traders, this account offers one-on-one training, chat and full use of the dealing platform.
• $200 minimum initial deposit
• $5,000 minimum deal size
• $25 minimum margin to risk

Gold Account

• Also offers personal dealer, daily market report, SMS alerts and technical signals.
• $500 minimum initial deposit
• $50,000 minimum deal size
• $250 minimum margin to risk

Platinum Account

• Also offers tighter spreads, higher dealing room leverage and pro charting software.
• $5,000 minimum initial deposit
• $250,000 minimum deal size
• $1,250 minimum margin to risk

V.I.P Account

• Also offers market updates and call levels by dealers, and custom technical analysis reports.
• $10,000 minimum initial deposit
• $500,000 minimum deal size
• $2,500 minimum margin to risk

Demo Account

• Free of charge.
• Practice trading with up to $100,000 of virtual currency.
• Access provided to Ava trading platform.

Leverage:

• Varies from 50:1 to 200:1, depending on account type and location.

Current Bonuses:

• Receive cash bonuses of $50-$1,200 depending on your initial deposit.
• Silver deposit of $100, gives $50 bonus
• Gold deposit of $1,000, gives $100-$1000 bonus (depending on size).
• Platinum deposit of $10,000, gives $1,200 bonus

Transactions

Trading Hours:

Currencies - 6am Sydney time to 5pm NY time.

Gold and Silver - 1:00-17:30 GMT

Order Types:

• Market orders
• Limit orders
• Entry stop and entry limit orders
• Stop orders
• Trailing stop orders.

Deposits

• You can fund your trading account at Easy-Forex in up to 12 currencies.
• Make deposits with:
• • Credit card transfers: Amex, MC, Visa
  • PayPal
  • Wire transfers from banks

Withdrawals

• Online withdrawal forms require documentation and identification.
• Withdrawal options include sending funds to credit card account.
• No commissions, fees or spreads when withdrawing to a credit card.

Platform

Traders looking for a basic online trading platform will be thrilled with the Easy-Forex interface. More sophisticated traders might appreciate its API feature.

Easy-Forex Online Trading Platform

• Fully online application, so no download necessary.
• Straightforward to use.
• Customizable interface.
• 24/7 access.
• Charting facility.
• Only downtime is on Sunday when trading is inactive.
• Start trading fast.
• Freeze displayed rate for a few seconds before you confirm a trade.
• Secure, Java-based application.

Easy-Forex API for Automated Trading Support

Provides a programming option for those who wish to automate their trading systems. Its services, which are free to clients, include:

• Streaming price feed for forex rates.
• Trading service for deal execution, order entry and position review.
• Market information.

Support

Customer Support

Easy-Forex has an extensive online FAQ, plus access to support staff via Live Chat and e-mail throughout the trading week. Offers customer support in ten languages.

Dealing Desk

Available to clients with a Gold account or better.

Information

Educational

In addition to a video guide section, Easy-Forex aims to make forex accessible to beginners in a simple and easy-to-understand format. The broker provides informational written material about forex trading and technical analysis, and available items currently include:

• Articles about forex
• Downloadable e-book guide to forex
• Glossary

Technical Analysis

• Easy-Forex's trading platform and members-only website provides advanced charting capabilities for clients.

Market News and Data

• Economic calendar
• Interest rates table
• Matrix of currency mid-rates
• Live news feeds (including Reuters News)
• Daily outlook reports with support and resistance levels.
• Daily, special and live news video reports.

Safety

Regulatory Compliance and Auditing

Easy-Forex is licensed to provide forex-related financial services in Australia where it operates under AFS number 246566 and in the E.U. under CySec 079/07. As a result of being registered in these two jurisdictions, Easy-Forex complies with their standards and is subject to strict regulatory and financial reporting requirements.

Auditing

Easy-Forex's internal auditor is HLB Afxentiou and Partners, a member firm of HLB International that ranks among the world's top 15 accounting and business advisory firms.

Data Security

Easy-Forex treats the issue of data security with the greatest care by:

• Using advanced SSL technology by Verisign to authenticate users, encrypt credit card payments and transfer data.
• Separating the online activity server from the transaction information server.
• Storing client data at duplicate server farms in the U.K.

Overall

Easy-Forex provides a straightforward way for traders new to forex trading to get started quickly. Clients do not need to download any software and can handle just about everything to do with their trading account online. In addition to some useful educational material and API support for automated trading, the broker's website also features a news feed from Reuters - the primary information provider for most professional forex traders.

Furthermore, Easy-Forex has earned a reputation for operating respectably over the considerable amount of time it has been in the retail forex business that it pioneered. The broker also offers both good data security and regulation by authorities in two major regions. Overall, the firm offers a good mix of user friendliness and trustworthiness that make Easy-Forex simpler to commend to newer forex traders.

Create an account today!

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