Zvezda Geek Team welcomes you to Easy Forex Review. Let’s start with basic info’s. Group of bankers decided to invest them knowledge and money in Forex Market and the result was the Easy Forex which it’s established in 2001 and located in Cyprus. Easy Forex hold many regulations as, AFS which is Australian Financial Services and the license number is 246566, also they hold ASIC “Australian Securities and Investments Commission”. USA clients was welcome to trade through Easy Forex but from July 2010, Easy Forex went out of the USA Forex market and they are no longer members of the NFA. Now, let’s start Easy Forex Review, keep reading.
Basic information about Easy Forex
- Established: 2001.
- Main Branch: Limassol, Cyprus.
- Minimum Deposit: 25$.
- Regulation: ASIC, CFTC, CySEC.
- Languages: Multilingual.
- USA clients: NO.
Easy Forex Platform
Easy Forex has big variety from trading platforms and they are helpful and from our experience, not all Forex Brokers invest in a lot of platforms like Easy Forex. Platforms are: Web Trading, TradeDesk, MT4, iPhone, MT4 Windows mobile.
When we review platforms, we looks to education sections because it’s not only for increase your knowledge but it’s reflection on the strength of the company through the tools provided to you and Easy Forex have good and strong education section. “They called it -Learn- not a big deal”.
P.S. Big and Depth education platform mean invest a lot of money in it because it’s build from scratch not copy and past.
Forex Training Videos: In this section you will have 10 Forex Trading Videos and they divided to 4 modules. Easy Forex say that this videos will increase your knowledge from basic to professional.
Forex eBook: eBooks another great tool for Forex Traders because a lot of us like the paper feeling and also to set notes and we recommend to print this eBooks and file to make it as reference. Easy Forex divided them eBooks to 5 modules and they as below:
- The basics of what makes a Forex deal.
- Step by step guide to placing a trade.
- Using fundamental analysis in your trading.
- Introduction to technical analysis.
- Tips and strategies.
Forex Events: It’s related to Easy Forex themselves and they give you the opportunity to join them events. The Easy Forex events are: Webinars, Seminars and Expo.
Trade Simulator: To say the truth, it’s our first time to see such tool. Bottom of line, you will trade in real market with real risks but without losing your money and sure the profit is just hypothetical.
Forex Articles: Easy Forex say it’s series of Forex articles and through it you will learn more about Forex, Commodities and Trading. It’s good to have fresh articles about market and new tricks. But we also offer this thing in Forex Section, great to have many sources.
You can easily reach each deal in Easy Forex and adjust it to same trend in Forex market. These modifications are possible beneath the “My Placement” section where in fact the trader can keep track of and control all of his deals.
Every action is recorded in the machine, and also confirmed by a computerized email. Additional your log ins are available in the next sections:
“My Accounts” tracks balance, showing all deposits, charge card costs and withdrawals; The “History” area shows the results of most closed deals.
Also, you will have many tools to make correct decisions. The tools are: Marketplace analysis by Market News International, Business News from Reuters, Complex Analysis by Trading Central, every day outlooks, a monetary calendar of essential financial releases that may move the marketplaces.
Easy Forex Accounts Types
Easy Forex offer four type of accounts as below:
Mini: Minimum Deposit – 25$, Minimum Deal Size – 5,000$. Plus, all platform features available, live chat and One-On-One Training.
Gold: Minimum Deposit – 500$, Minimum Deal Size – 50,000$, also you have all platform features available, live chat and One-On-One Training. Plus, special offers, dealing room chat and personal dealer.
Platinum: Minimum Deposit – 5,000$, Minimum Deal Size – 250,000$, all Gold account benefits are yours Plus, professional charting package and access to higher dealing room leverage.
Easy Forex Deposits and Withdrawals
Deposits: you will not face problems to deposit your money in any Forex company because all of them offer many ways to send your money to them but in Easy Forex it’s more flexible because you can use 12 different currencies. You can send money through Credit / Debit Card, Wire Transfer.
P.S. almost all online banks offer Debit Cards, so do not worry about use it with Easy Forex.
Withdrawals: Many Forex Brokers not set important info’s about withdrawal issues and we will set them below.
Be-careful about which deposit method you used because when you use Credit / Debit Card, your withdrawals will performed to this Cards. Why you should be-careful?! some Debit / Credit Cards do not accept receiving money and to solve this issue, you can contact your bank customer service to handle this issue for you and about 100% it will be solved. “Some countries do not offer many features for local banks because Anti Money Laundering regulations [AML]” . [more info about AML here and check IBA Anti-Money Laundering Forum here]
Time: Many Forex Brokers told customers that they will have them money within 3 days, it’s truth but not all time. The normal time to collect your money is 5-15 days. Is this delay from Easy Forex? No, it’s related to banks transfer issues, not a big deal but as we all know banks depend on many security levels.
Documents: To collect your money you have to verify your account first and some brokers ask same documents in each withdrawal “It’s for your security – maybe your account hacked”. The documents are:
- ID / Passport, colored copy.
- Utility Bill with same address in Passport / ID. Some time it’s hard to have same address in utility bill and ID and to solve it, just ask your bank to print bank statement for you and your address in bank statement will the same in your ID.
- You will have to send colored photo of your Credit / Debit Card if you use it to deposit your money, do not forget to hide card number but leave last four number and sure your name.
Fees: There are fees to each withdrawal but it’s not collect by Easy Forex. The fees related to your services. Wire transfer cost from 5$ to 50$ and Debit / Credit Cards cost about 0.001%-2%.
Easy Forex Customers Services
Easy Forex provide customers with many tools to contact them and we start testing the Live Chat tool. First of all, you can not use live chat without opening account because you will need to set Customer ID, email and your phone number, it’s not like other brokers which they allow anyone to contact them and we find it’s better for company and visitors but each company have own policy. Our opinion, Easy Forex not small company and we guess they focus only on them own customers to improve the services quality.
But we tested Live Chat through Demo Account. We asked about some of basic Forex knowledge and our representative was smart and send FAQ page “To save her time for another customer“, also, we asked about some buttons on Web Trading Platform and how we can deal with them and she answered in detail and also recommended to check eBooks & Videos sections to pass the beginner level.
Another best thing here is they provide email address for each department which is more powerful to reach your department in easy way. Easy Forex not provide contact us module on website which is not good for somebody who need fast ways but we also guess that Easy Forex has its own method to focus on customers who are interested only.
Easy Forex not new in Forex Market. They provide variety platforms for traders from website platform, downloadable platform and smart phones platforms, that mean a lot of investment in company asset.
They have many regulations which mean you are safe and you can make your complaint to the entity responsible for your protection but Easy Forex solve all customers problems. Sometimes you are the cause of the problem and not the company and for this we recommend you support yourself with the knowledge and use of professional tools.
Account types are good and reasonable and tools for each account looks proper for each account needs and if you increase your investment you will need more tools and Easy Forex will assist with this tools.
Customer Service serve the company’s customers directly and most likely you will need to open an account to have the necessary support and you can use the demo account to learn more about the platforms and test support company section, but noted that the real accounts have direct support and the most serious in dealing, all the big companies have the same method.
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