| Easy-Forex.com Reviewed |
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Easy-Forex.com is a broker Regulated by NFA, AFS, CySEC, you can open your account with US$ 100 at least. It can be founded using wire transfer, credit cards and paypal. The spreads are relative high on mini accounts type but, this is compensated by a web based platform without slippage and that allow you to trade from any PC connected to internet. There is a personalized support.
Easy-Forex.com is a company based in Cyprus with offices in Europe, Asia, USA and Australia. They are regulated by Australia AFS 246566, USA NFA 0358754 and EU CySEC 079/07. Registration process was very straight and simple. The account can be founded using wire transfer, VISA, MASTER CARD, AMEX and Paypal. We funded using Master Card and money was available for inmedialty trading, with other brokers you have to wait for few hours, even days
The account was activated within minutes, but you have to send some documents (ID, credit card statements, etc) by email before making any withdraws. There is no demo account available. There are 3 account types:
As you can see, each type has different spreads. Mini accounts sustain a very high 7 pips spread not suitable for people aiming for small “take profit” but good enough for small new traders investing in Forex market and working with “high timeframes”. Making any comparisons with other brokers, easy-forex requires one of the smallest deposits to open an account. Gold and Platinum accounts have smaller spread but bigger minimum opening deposit.
The high spread is easy-forex’s main weakness but it is compensated with a web-based platform which does not allow a slippage and that can “freeze” a desired rate for few seconds before any trade. Besides, you can login and trade from any pc connected to internet without any need trading software, just a web browser. During the trial period we did not experience lacks of availability on web platform and we did not get any slippage.
Another good point for easy-forex is that spreads remain constant even at most volatile moments while many others brokers with variable spreads show extremely high spread on rough instants.
When you open a new account a personal account manager is assigned to help you. So there will be someone dedicated to answer all your doubts. You can even contact him or her by MSN Messenger or by phone. Easy-Forex also has documentations about Forex Markets, Technical and Fundamentals analysis mainly focused on new traders. Experienced traders may find the documentation bit basic. Finally, we recommend easy-forex as a broker able to meet the needs of a modern trader in those volatile and dynamic internet days. We strongly invite you to look around their website and experiment their features. www.easy-forex.com. Please note that Forex Trading (OTC Trading) involves substantial RISK of loss, and may not be suitable for everyone.
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Account is activated quickly and can be founded by credits card & paypal
High Spreads