Easy-Forex Review |
Easy Forex was developed by a group of bankers and foreign exchange experts. Their goal was to establish a trading platform that will be easy to use by any end user. Easy Forex assumes the position of a market maker, with backing from USB (in Switzerland) and The Royal Bank of Scotland (RBS).
The company’s headquarters is in Cyprus with offices, trading rooms and customer support centers around the world. It has International Network Coverage in Europe, Asia-Pacific, Middle East and the United States, with offices in Chicago, London, Manila, Melbourne, Palestine, Sydney and Tel Aviv.
Easy Forex is web-based, without needing to download anything. This means you can trade in real-time, online, from anywhere! It is available in English, German, Greek, Arabic, Chinese and Polish.
Easy Forex makes a profit from the difference in the spreads or PIPs, and there are no other commissions for deals performed on their system. The only exception is that a small renewal fee is charged when you conduct a Day Trade that remains open after 10:00 P.M. GMT.
Every action is recorded in the system as well as confirmed by an automatic email. The withdrawal process is easy; however, the first withdrawal requires speaking to the company over the phone and presenting them with an ID and with legitimate bank account details, in means of protection from any money laundering attempts.
Executing deals with the Easy Forex system requires only a few simple steps; however, an understanding of the basic terminology of the FOREX market is necessary.
The Registration Process
The registration process is quick and simple and it is easy to make a deposit of funds. Deposits are accepted via the major credit cards as well as PayPal. Upon registration each user is contacted by an account manager who will walk them through the initial stages of dealing. This personal account manager is available during the local business hours, and the dealing room is open 24/7 for technical support.
Website Format & Layout
The site has four lobbies or sections:
Trade – Here is where the trading happens. You will spend most of your time in this section. You can view reports in “My Position”, check “My Account details” and set your SMS alerts
Learn – The learn lobby is the education center, a well-stocked library about Forex. This section is full of useful knowledge. Here you will find the guided tour videos, the Info Center with articles about Forex, the glossary of commonly used terms, and you can download the eBook guide to Forex for free
Trade Tools – This is where Easy Forex shines compared with the competition. There are a plethora of tools to assist with trading, and useful tools to make better trading decisions from SMS alerts to news feeds and much more
About Us – This section has basic company information and legal terms and conditions
4 main account types to choose from
Easy Forex has 4 account types with different margin levels and spreads. When first setting up an account with Easy FOREX you may define the type of account you wish to use according to the level of risk you are willing to take.
The type of the account will also determine the spread offered to the client, ranging from 10 pips for a mini-account, 7 pips for Gold accounts, 5 pips for Platinum accounts and 2 pips for VIP accounts.
Sharia (Islamic) Account is also available
In order for the trader to best carry out decisions, Easy Forex provides Reuter’s world news that may affect the FOREX market, a financial calendar and a set of charts and analytical tools that are quite easy to comprehend.
With a good understand of the FOREX market and guidance provided by Easy Forex, it is actually easy to trade using this system. All the tools needed for executing deals, monitoring them and making the best decisions about them are highly accessible and user-friendly.
What Technological Edge does Easy Forex Offer?
· Easy Forex offers a number of tools that may help you in your trading:
inside viewer – lets you see what other traders are trading on our platform. You can view the popularity of currency pairs, deal direction and open deal structure
trade controller – the ultimate visual trading tool which gives you a clear and complete picture of all profit/loss scenarios
SMS alert service – delivers vital market updates directly to your mobile
Freeze rate – allows you to ‘freeze’ the displayed rate for a few seconds before you confirm and open or close a deal
Live Chat
Daily and Weekly Outlooks, also archives of previous outlooks
Financial calendar – has the dates and times of economic indicators. Here you will also find a description of these indicators
Multiple charts – and ways of viewing them are available to assist with technical analysis
Live news feeds from Reuters
Currency Rates Matrix – of available currencies.
The Final Verdict
Easy Forex Is a well established company operating since 2001. It created a superb, graphical easy to use and easy navigate trading platform. Regardless of the account type, users have access to up-to-date technical and consulting assistance. The full spectrum of services is available to clients immediately after opening an account. Easy Forex offers top-of-line trading tools not offered by other trading brokers.
If you are a beginner and want to learn how to trade, there are many handy videos and tools to help get started; unfortunately, a Free Demo account is still not available.
Click here to open an account with Easy Forex>>
About the author: DayTradeListings.com
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