Easy Forex Review and some intro
If you’re looking for a dealer that offers a good all round service Easy Forex could be right up your street. As well as easy forex trading they offer a variety of ways to take advantage of many different markets all across the globe. Easy Forex is well known all over Europe as it is regulated in several EU countries. Although we should mention that you cannot sign up with Easy Forex if you reside in the USA. Being regulated means you can trust the company’s legitimacy. And as well as trading in foreign currencies you’re able to trade commodities, if you fancy a change of scene.
Easy Forex entered the field of forex trading in 2003. It was started by a group of bankers, forex and internet experts with the aim to provide access to global currency markets as well as trades in equity indices, energy and agricultural commodities, metals and vanilla options via a web-based, desktop or mobile platform.
Easy Forex Accounts
For their customers Easy Forex has 4 main types of trading accounts: mini, gold, platinum and VIP.
This is the basic level entry account and requires a minimum deposit of $25 and a minimum deal size of $5 000. A mini account gives you access to one on one training, live chat and all platform features.
The next step up is the gold account that requires a minimum deposit of $500 and minimum deal size of $50 000. Additional advantages include your own personal dealer, dealing room chat and access to special offers.
You get all the standard features with a minimum deposit of $5 000 and minimum deal size of $25 0000. As a platinum customer you’re entitled to higher dealing leverage and an expert charting package.
This is the most sophisticated package available for Easy Forex clients but requires a minimum deposit of $10 000 with a minimum deal size of $500 000. As a VIP account holder you can receive market update calls from dealers, call levels by dealers and customised reports.
All these accounts can undertake trades in silver, gold and oil contracts as well as foreign currencies. Easy Forex also offers some unique extra features such as freeze rate facilities (trades only executed at a certain price) and one click trading. This super fast way of trading means you can buy and sell with little delay.
Easy Forex also offers a range of different easy forex bonus offers that are regularly updated. The current offer is a 20% easy forex bonus trading credit when you make your first deposit.
Like most forex brokers Easy Forex makes its money via the bid-ask spread. In other words their profits come from the difference between the bidding and asking price. The spreads vary according to the liquidity of the market at the time of the trade. However it’s good to know that tailor-made spreads may be available for certain types of account i.e. Platinum and VIP account holders.
For all you forex newbies Easy Forex offers a wide range of educational tools such as training videos, e-books, simulators and events. They also run webinars and seminars for all levels of expertise.
Easy Forex Platforms and conclusion
Another good reason to use Easy Forex is that you get to use MetaTrader 4 as your trading platform. This platform allows to log in and undertake easy forex trading from any computer without having to go to the bother of installing any software. It’s also possible to trade using MT4 mobile, with a Blackberry version available too. Other platforms include Java-based Trade Desk and Web Trader.
When looking at different forex brokers the level of customer service provided is a vital factor when searching for the best one. Easy Forex ticks all the boxes as their customer support is via a 24 hours phone line with quite a few European-based numbers and a few from countries outside the EU. You can also contact the customer support team via email should you prefer.
You know that Easy Forex is a reliable broker because of the vast number of transactions they get and enable every month. And as well as forex you can try your hand in other markets too. MetaTrader 4 is one of the most commonly used platforms with more than 85% of trades taking place using this software.
So in conclusion, this forex broker is primarily targeted at relatively new traders and those who are looking for a simple and straightforward trading experience. With their range of different options they are also suitable for intermediate and advanced traders, especially if you qualify for preferential rates. Although not available in the USA, traders who reside in Europe, Australia and other countries would be wise to take notice of this easy forex review and have a go at using their user-friendly online trading platform.