Easy forex website

Easy-Forex is one of the larger Forex broker and its vision is to make FX trading as simple as possible for slightly intermediates and intermediate traders.
There’s a pretty famous dispute between an unsatisfied trader and Easy-Forex. The trader created a website to make others aware of ” Easy-Forex scam”. This can happen to every broker because every broker has traders that think the broker scams and if one of them wants to create a website there’s nothing you can do. Well, Easy-Forex thought there’s something they could do. A user at Forexpeacearmy (FPA) was linking to this website and Easy-Forex wanted them to take down the link. The made FPA responsible for this and threatened to sue them. This is a pretty stupid step by Easy-Forex and it doesn’t make them look good in this spot.
But let’s stick with the facts. Easy-Forex is regulated by IFSC which is a pretty good sign and not the case with Plus500 for example. Forexrealm doesn’t categorize Easy-Forex as scam but the experiences are pretty mixed (which is the case with every single broker).
Some traders have not been happy with the Easy-Forex trading platform and losts were refunded and the initial deposit went back to the origins. This is pretty good and makes Easy-Forex look reliable. You can’t find this service with every other broker out there. There were also cases where a stop loss did not work and the broker made a refund. But it is a bit strange that spreads vary a lot. Other brokers are more constant when it comes to spreads.
Some traders don’t like the Easy-Forex support. These are some negative experiences but it’s not close to scam. Overall you can say that there are no reasons to call Easy-Forex a scam. Although there are some traders that don’t recommend Easy-Forex but that’s the case with ever single FX broker. If you pay too much attention to individual traders that call a broker a scam you can’t trade Forex anywhere. You have to go with the majority and it says that this broker is not a scam.
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14 opinions and experiences.
I registered with vix500 it started well first few withdrawals came through with no delays so I deposited more money. I haven’t heard from them in a while now, I have a lot in this account. At this point i’ve hired a refund professional to recover my money. (a friend of mine used this method to get her money back)
Average broker with average trading conditions and offshore registration. A lot of bonuses mean that it’s a market maker, which have a conflict of interest with you. So I advise you to choose true ECN brokers and use all benefits of trading at real market. If you don’t know how to choose the best broker for you, add me to skype – vovkfx, I am ready to share my experience.
I like the dealCancellation it is easyyou just click on the green tick to turn it on. Price depends on what trade you making like high volatile ones or popular ones is more expensive but still a lot cheaper than losing all your money. You got 60 minutes to use it but you pay anyway so you might as well use it once you activate. I use it for a lot of my trades now because it is cheap and saves me a lot - its a kind of an insurancealso you can add with stoploss if you still worried.
Is easyMarkets making false claims of being regulated?
easy-forex is in the process of rebranding as easyMarkets in the hope it will attract clients to the fading brand. However, in their marketing literature they appear to be misleading their clients on a number of important areas. easyMarkets claims they are a ‘CySEC and ASIC regulated brokerage’. The claim of regulation is obviously intended to alleviate the fear that clients and potential clients may have of entrusting their money to the company. This is, therefore, a powerful claim to make and may influence thousands of clients to feel they are safe to deposit their money with easyMarkets or easy-forex. Therefore, it is important to explore the accuracy of this claim.
To establish the truth behind the claims, we have to examine the structure of the group of companies. ‘easyMarkets’ and ‘easy-forex’ are not themselves the names of companies but are purely trading names. The group of companies are connected yet sufficiently separated to provide a number of advantages over its clients. The parent company is ‘Blue Capital Markets Ltd’. This company is registered in Cyprus and provides the services for the other companies in the group, such as sales and back office staff. Easy Forex Trading Ltd is the company that contracts with all the clients from entities (countries) regulated by the Cyprus Securities and Exchange Commission (CySEC) and is registered in Cyprus. Easy Forex Pty is the company that contracts with all clients that are regulated by the Australian Securities Investments Commission (ASIC) and is registered in Australia. However, there is another company that contracts with all the remaining clients, the vast majority of clients. The name of this company is EF Worldwide Ltd. This company is registered in the offshore tax haven of the Marshall Islands and, as a result, is not covered by any regulator.
The CySEC regulated company Easy Forex Trading Ltd exclusively handles clients from European countries. That means that no clients who are resident in countries outside Europe have the protection of CySEC regulation if they trade with easyMarkets or easy-forex. The ASIC regulated company Easy Forex Pty exclusively handles clients from Australia. That means that no clients who are resident outside Australia have the protection of ASIC regulation if they trade with easyMarkets or easy-forex. Therefore, all clients who are resident outside Europe and Australia have no protection from any form of regulation. This applies to the vast majority of the clients of easyMarkets and easy-forex who happen to be from China and the Middle East. If you are trading with easyMarkets or easy-forex and you live in China or the Middle East, you are trading without any form of regulatory protection.
easyMarkets and easy-forex operate separate websites for separate regions, each of which contains subtle differences. Clients in Europe will see a different website than clients in China and the Middle East. When a client registers an account on the Chinese and Arabic websites, they agree the terms and conditions of a contract with the unregulated company registered in the Marshall Islands, EF Worldwide Ltd, and not the CySEC regulated company Easy Forex Trading Ltd. This system has been constructed specifically to minimise the potential issues generated by regulation and is contrary to the interests of its clients in China and the Middle East. This information is contained within the contract, which is called the ‘Client Agreement’, on the website. However, many clients will not read the detail of the contract and will have otherwise read articles that they have been exposed to that make claims like ‘CySEC and ASIC regulated brokerage easyMarkets …launched a new feature on its trading platform…to better help manage risk.’ Clients will believe that they are protected by CySEC when they are not. They are deliberately being mislead.
The potential implications of this system are severe. The regulators provide safeguards for the protection of clients’ money and ensures the company’s operating practices are fair, which are not obligations without regulation. That means, for example, the company does not have to hold client’s funds separately to its other capital and they could, in theory, use the money to fund other aspects of the company, such as staff and other operating costs, a practice that is strictly forbidden for CySEC regulated clients. If the company were to be declared bankrupt, clients from China and the Middle East could lose their money. Additionally, if a client were to feel they were cheated in some way, there is no regulator to ensure a complaint is dealt with properly. It is purely a matter for the company what action, if any, they take to resolve any complaint from a Chinese or Middle Eastern Client.
easyMarkets and easy-forex are operating a façade where they create the illusion of one single brand but, in reality, clients are treated very differently depending on the country in which they live. It would appear that they want everyone to believe they are protected by regulators who are watching over their conduct in order that clients feel confident to deposit their money. However, their claims are inaccurate. An accurate statement should, instead, read ‘Brokerage easyMarkets, registered by CySEC in Europe and ASIC in Australia but not regulated outside these areas …launched a new feature on its trading platform.’
easyMarkets and easy-forex may claim that they will follow the practices of the regulator for all clients. However, if you are a client from China or the Middle East, would you really feel confident depositing your money knowing that it is not protected.
They are the only ones with the insurance tool dealCancellation and this has been really great for my trading. Even if you pay 50 to use it you will save hundreds by being able to cancel a losing trade. I think they are a more established broker so safer option.
Signed up in easyMarkets to try the new cancel deal tool and recommend it. It is quite expensive but saved me over 500$$$ on my trade so worth it.
What do you mean by that cancel deal tool is expensive?
It seems to good to be true to cancel a deal that has against you within an hour? A trade is a trade you cant back in time and say oh I wish i had not done that so lets not.
fix spreads, nicepeople and long time in businesbad points takes time to check my docand no welcome bonusdepend what you want but I give 4 stars.
i have been trading with EASY-FOREX since 2012 but have had no issues with them until recently my recent encounter which was due to my own fault. if one could rate them a million times, then i would done so without blinking…
SCAM ALERT, Easy Forex Debited my account with 1475 USD giving me a reason that I have been involved in unauthorized trading activity. as long as I have not requested for a withdrawal I was a very good trader and my account manager Nicolas contact me normally. Now Nicolas cannot answer my question. I would suggest everyone who trading with easy forex check easy forex withdrawal system. SCAM WARNING NOTE EASY FOREX AND EASY MARKETS ARE ONE COMPANY USING TWO NAMES.
i have open a no deposit $25 bonus account with easy forex and made profit only $40 in 9 trade they block my account and saying you abuse bonus.
I had a lot of respect for these guys, but they don’t teach beginners like they say, I learned as I went along. I have just yesterday been refunded AND TERMINATED. This is typical of companies who are always ‘right’.If you stick to your guns they do this, saying ‘the relationship isn’t very good. Recently I had a loss of $375 they said I had made a 1p1p trade, prior to this my trading history was a maximum of only a single trade of 0.005, showing this was an aberration. They insisted I had made the trade, if so, it could only have occurred because of my not having been able to place a new order, for about 45 mins. I then right clicked to open up a trade which was either pending or had transitioned to being opened to active. I tried to close it, but somehow it must have not closed. Subsequently, about 6pm I came back to check my many trades as I knew I needed to close some if losses were blowing out because of markets volatility, I notice3d a huge account balance discrepancy, then checked s from easyforex found some issues and contacted Cyprus. They said it automatically closes to do with 30% equity or something similar. I said there is still over $400 in the account, and what he said didn’t make sense, as, I had many more trades in losing territory and later, I applied stop losses on most trades of more than a hundred digits, as 100 is minimum allowed, when the Boston bombs went off all of those positions closed because of about 3 Yen points creating a vertical slide of markets. Anyway, they said maybe I had done this $375 losing trade when connection was off, you can’t because connection has to be on to make any trades. If I had not been terminated, I would think they are good brokers in the main. I notice other customers of other brokers have complained of getting hit with the 1 full lot issue too, now, I compare, and am wondering more as to whether my trade was manipulated. I gradually got my balance up to A$849.50 from $250.I have noticed with comments on forex forums that you start to see the house wins against you when you start making money. Coincidence? I’ll let readers be the judge. I assure you, I never knowingly made a big trade like this.
Maybe you know one sole broker who’s name is Andy Shearman. He is famous with his 20 years practice as a Wallstreet broker. Many times he has send invitation s about his Forex Money Map system /FXMM/, which predicts currency market’s movements. Finally I decided to buy his product FXMM, because he sells it at annual discount price of USD 500. I received the product, but I couldn’t run it, because the pop up window asked for a password, which I never received. I have sent an to his support office / in fact it was not his support, using by him as outsource /. The file, which they sent me, directed me to a link in which I was obliged to pay USD 199 for monthly subscription. I was very surprised, because I have already paid for annual subscription at the discount price of USD 500. Many times I ed to Andy Shearman and his brokerage company asking him for refund, but the answer was “you have received the password and you can log on”, which was absolutely fake. My advise to FOREX traders is to stay away from such scamers like Andy Shearman.
Easy Forex is good but recently I traded using Forex Control web platform and it allows you to start trading with as low as USD 500. They provide complete guidance and training to new comers and for experienced traders they open up the opportunities to earn more profits. Forex Control provides best charts and analysis for all NSE, BSE , indices in Nifty and FX. They charge no commissions and provide 24/7 online support. Their registration process is simple and quick… Register, deposit the amount and start trading at forexcontrol.
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A pioneer in developing forex as a consumer product, easy-forex continues to lead with customized technology and personal service tailored to all levels of traders.
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Your personal data that we require from you throughout our cooperation is safely stored in our electronic systems, it is treated CONFIDENTIAL, and it is protected by the Data Protection Act. It is Easy Forex policy not to disclose client information to non-affiliated third parties except with the consent of the client or when required for legal or regulatory purposes. Personal Data may include but is not limited to name, day of birth, , address, bank details, financial situation, trading activity, transaction history account balance information, Know-your-clients (KYC) forms.
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Forex Trading : Learn how to trade Forex, tips and tutorials by top10forex.
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Easy Forex Review: 'A Top 5' Forex Platform.
Compare forex brokers completed an Easy Forex review with a focus on discovering which forex broker offered the best forex trading platform, spreads and leverage in Australia.
Please note Easy Forex rebranded to Easy Markets in January 2016.
Easy Forex is considered the best fx broker for beginners in Australia because:
– They offer the best training & support.
– They offer guaranteed stops.
– They have an easy to use forex platform.
– They have low fixed spreads & fees.
Easy Forex Support For New Traders.
In our customer service comparison the two top brokers were Easy Forex for beginners and OANDA for advanced traders.
1) Dedicated Support.
Easy Forex are one of the few Australian forex brokers offering a personal account manager who run tailored training to suit your currency trading level. Your also paired with an analyst to provide up-to-date market intelligence, currency strategies and can even execute forex orders at your request.
2) Training Resources.
Easy forex had a detailed learning centre that included videos (such as the one below), online resources and guides and even free ebooks. This is part of easyMarkets which combines the training offered and resources provided online to provide a holistic approach to training both on currency training and the easy forex platform.
3) Up-To-Date News.
Easy Forex offers the best forex trading platform news experience thanks to integration with reuters news. There is also a daily outlook provided by Easy Forex and other market news provided for free when currency trading using their platform.
Guaranteed Stops.
Having safeguards are critical for any beginner traders or risk adverse trader. Guaranteed stops are the best safeguard possible when trading as you can pre-determine the most your willing to lose on any single trade.
It’s critical to understand stop-loss orders (offered by almost all forex brokers) is not the same as a guaranteed stop loss. When a normal ‘stop-loss’ order is made you can lose more than the pre-determined amount set due to slippage which occurs in high market volatility periods when your order can’t be filled at the stop loss amount. This extra loss can be quite high but by ‘guaranteeing’ the stop loss the broker will pay the differential.
Easy Forex Review: An Industry Comparison.
In our Compare Forex Brokers Easy Forex review we found that the company offers a number of services to suit and comply with the needs and demands of traders. While their trading platform is not too fast, they do offer MetaTrader 4 which has become a favourite among FX traders. Their best forex trading platform is also Mac and Windows compatible.
As far as leverage is concerned, Plus 500, Easy Forex and FXCM offer 400:1, while Pepperstone offers 400:1 and ThinkForex boast a leverage ratio of 500:1. Minimum deposit amount varies with each broker but Easy Forex offer the lowest minimum deposit of $25.
Easy Forex Company Overview.
Established back in 2003, it is a reputable Forex broker with a presence in more than 150 countries across the world. It offers customised technology and their best forex trading platform is tailor made to the needs of traders. The broker is licensed in Australia as well as under CySec in Cyprus. Forex is indeed a very complicated and volatile trading arena that demands a lot of research and discipline.
But with Easy Forex, traders both amateur and experienced are provided with all the tools and insights necessary to become seasoned and successful currency traders.
Easy Forex Review of Account Types.
There are different types of trading accounts available with Easy Forex. Traders can select an account they feel comfortable with and one that meets their trading needs. With a minimum margin to risk of $25 and three account types on offer ranging from standard to premium to VIP, one can open an account with the best forex trading platform to suit them and commence trading straight away.
A major benefit of Easy Forex is that they offer fixed spreads from 1.8 pips for the VIP, best forex trading platform account, and 3 pips for the standard. You can be certain that no matter the volatility experienced in the market or the amount of currency available to trade, whatever bid/ask spread Easy Forex quote you will be honoured without change.
The company also boasts free SMS market rate alerts, technical analysis reports and provides guaranteed stop losses. These are really important for any trader new to the forex industry. Not only do they enable you to make smarter, more informed decisions, but they also help reduce your losses if market forces move against you.
Why Easy Forex Offers One Of The Best Forex Trading Platforms.
Easy Forex has become a household name among newbie traders who want to embark on the world of currency trading. It is a perfectly legitimate broker that complies with all Australian financial regulations.
With more than 10 years worth of experience, Easy Forex has emerged as one of the biggest players in the Forex broking industry and boasts a proven track record. The broker has never been embroiled in any kind of scandal or scam which gives a clear insight into just how genuine the company is. One can expect excellent service and quality assurance when choosing Easy Forex as their broker of choice. If you are just starting out in Forex, Easy Forex’s trading platform will help you adapt and grasp the fast paced Forex market sooner.
Reliability & Regulation.
Reliability of a over the counter (OTC) Forex broker is indeed a primary concern for traders who all require fast and accurate execution to lock in their profits. At the same time with so many brokers operating in the market, it is incredibly difficult selecting the best forex trading platform for you. For those thinking of dabbling in currency trading but want to make sure they select a no nonsense broker with decent trading platform, look no further than Easy Forex. In our Easy Forex review it was discovered that in Australia their market share was considerable, particularly among beginner to intermediate forex traders.
Compare Forex Brokers Disclaimer.
Please note that the information provided above should be considered indicative only. We aim to update our website regularly. However, from time to time updated changes to broker fees, bonuses etc might not be reflected here. Before making any decision please consult or refer to the provider’s website. The team at Compare Forex Brokers aims to update comparison tables and broker reviews constantly. Due to the dynamic nature of the industry and to a lesser extent human mistakes the information here is not always 100% correct. Don’t hesitate to let us know if something is missing or incorrect. We aim to provide our readers and subscribers with the best Forex broker information in Australia.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.