Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Easy Forex？

Easy Forex, now known as easyMarkets, is an online forex and CFD broker that provides trading services to individual and institutional traders. It was established in 2001 and is regulated by the Cyprus Securities and Exchange Commission (CYSEC). Easy Forex offers a variety of trading instruments, including forex, commodities, metals, indices, options, cryptocurrencies, and shares, and provides access to multiple trading platforms such as easyMarkets platform (web/app), TradingView, MT4, and MT5. The broker aims to provide a user-friendly trading experience and offers various features like risk management tools and educational resources.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

3. Pros & Cons

Easy Forex offers a regulated and trustworthy trading environment, providing a wide range of trading instruments and user-friendly platforms. The inclusion of risk management tools and educational resources further enhances the trading experience.

However, there have been reports of scams and negative user experiences that should be taken into consideration. Traders should weigh these pros and cons carefully and conduct thorough research before deciding to trade with Easy Forex.

Easy Forex Alternative Brokers

There are many alternative brokers to Easy Forex depending on the specific needs and preferences of the trader. Some popular options include:

• OctaFX - a reputable broker with competitive trading conditions and a wide range of trading instruments, making it a good choice for traders looking for diverse trading opportunities.

• Darwinex - stands out with its innovative concept of “trading talent” and offers a unique platform for both traders and investors to benefit from each other's success.

• Hantec Markets - a reliable broker with a strong reputation and a comprehensive range of trading platforms, making it suitable for traders of all levels seeking a trustworthy trading environment.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Easy Forex Safe or Scam？

Easy Forex, being regulated by the Cyprus Securities and Exchange Commission (CYSEC) and holding a valid license (No. 079/07), operates under the supervision and guidelines set by a reputable regulatory authority. The provision of Free Guaranteed Stop Loss and Negative Balance Protection further emphasizes their commitment to client protection. However, it is essential to conduct thorough research and exercise caution when engaging with any financial service provider, as risks are inherent in trading activities.

Market Instruments

Easy Forex provides a diverse range of market instruments, catering to the trading preferences of its clients. Traders can access the global Forex market, allowing them to trade major, minor, and exotic currency pairs. Additionally, Easy Forex offers commodities, such as gold, silver, crude oil, and natural gas, enabling investors to participate in the movements of these essential resources.

The platform also provides access to various global indices, allowing traders to speculate on the performance of leading stock market indices worldwide. Moreover, Easy Forex offers options, cryptocurrencies, and shares, further expanding the trading opportunities available to its clients. With such a broad selection of market instruments, traders can diversify their portfolios and take advantage of various market opportunities.

Accounts

Easy Forex offers a range of account types to suit the trading needs and preferences of different traders. On the easyMarkets Web/App and TradingView platforms, traders can choose between Standard, Premium, and VIP accounts. These accounts provide varying features and benefits, with the minimum deposit requirement starting at $25 for the Standard account.

For those who prefer the MT4 platform, Easy Forex also offers Standard, Premium, and VIP accounts, with the same minimum deposit requirements as the easyMarkets Web/App and TradingView accounts. Additionally, there is a single account type available on the MT5 platform.

The availability of different account types allows traders to select the account that best aligns with their trading goals, risk tolerance, and investment capital. Furthermore, Easy Forex provides demo accounts, allowing traders to practice and familiarize themselves with the platform's features before trading with real funds.

Leverage

Easy Forex provides competitive leverage options to its traders across different trading platforms. On the easyMarkets Web/App and TradingView platforms, traders can access leverage up to 1:200. This means that for every $1 of capital, traders can trade with $200 in the market. For traders who prefer the MT4 platform, Easy Forex offers leverage up to 1:400, allowing for even greater exposure to the markets. On the MT5 platform, traders can enjoy leverage up to 1:500, offering enhanced trading opportunities.

It's important to note that while leverage can amplify potential profits, it also increases the risk of losses. Therefore, traders should exercise caution and employ risk management strategies when utilizing leverage in their trading activities. Easy Forex's range of leverage options caters to different trading styles and risk preferences, allowing traders to make informed decisions based on their individual trading strategies.

Spreads & Commissions

Easy Forex offers competitive spreads across its trading platforms, ensuring cost-effective trading for its clients. When trading the popular EUR/USD currency pair, the spread varies depending on the platform chosen. On the easyMarkets Web/App and TradingView platform, the spread is fixed from 0.8 pips, providing traders with transparency and consistency in their trading costs. For those using the MT4 platform, the spread is fixed from 0.7 pips, offering competitive pricing for this major currency pair. On the MT5 platform, the spread is variable from 0.5 pips, allowing traders to potentially benefit from tighter spreads during times of increased market liquidity.

It's worth noting that Easy Forex does not charge any commissions on trades, ensuring that traders can focus on their trading strategies without incurring additional costs. By providing competitive spreads and commission-free trading, Easy Forex aims to offer a cost-effective trading environment to its clients.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that these figures are indicative and may vary depending on market conditions and account types. It's always recommended to check with the respective brokers for the most up-to-date and accurate information regarding spreads and commissions.

Trading Platforms

Easy Forex provides its clients with a diverse range of trading platforms, catering to different preferences and trading styles. The easyMarkets platform, available on both web and mobile applications, offers a user-friendly interface and a wide range of trading tools. It provides access to a variety of financial instruments and features advanced risk management tools like free guaranteed stop loss and take profit.

TradingView, a popular charting and analysis platform, is also supported by Easy Forex, allowing traders to analyze markets, access advanced technical indicators, and execute trades directly from the platform. For those who prefer the widely used MetaTrader platforms, Easy Forex offers both MT4 and MT5.

These platforms provide comprehensive charting capabilities, customizable indicators, and automated trading options. With a selection of trading platforms, Easy Forex aims to cater to the diverse needs of traders and provide them with a seamless and feature-rich trading experience.

Overall, Easy Forex's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Trading Tools

Easy Forex offers a comprehensive suite of trading tools designed to enhance the trading experience and help traders make informed decisions. The dealCancellation feature allows traders to cancel losing trades within a specific time frame, providing an extra layer of protection against potential losses. The Freeze Rate tool enables traders to freeze the quoted rate for a few seconds, giving them time to analyze the market before executing a trade.

Negative Balance Protection ensures that traders cannot lose more than their initial investment, safeguarding them from excessive losses. The platform also provides a range of order types, including pending orders, which allow traders to set specific entry and exit levels for their trades. Additionally, Easy Forex offers free guaranteed stop loss and take profit levels, providing traders with added control over their risk management.

Traders can also stay informed about market developments through various tools, including notifications, live currency rates, an inside viewer to see the sentiment of other traders, trading charts, a financial calendar, and market news updates.

Furthermore, Easy Forex provides a demo account, allowing traders to practice their strategies and familiarize themselves with the platform without risking real money. With a wide array of trading tools, Easy Forex aims to empower traders with the necessary resources to make well-informed trading decisions.

Deposits & Withdrawals

Easy Forex provides a wide range of convenient and secure payment methods for both deposits and withdrawals. Clients can fund their accounts using credit/debit cards such as Visa, MasterCard, and Maestro, as well as popular e-wallets including Neteller, Skrill, Fasapay (available for Indonesia), Local Deposit (available for Egypt), Sticpay, WebMoney, bitwallet, and Perfect Money.

Account currencies:

Euro (EUR), Canadian Dollar (CAD), Czech Koruna (CZK), Japanese Yen (JPY), New Zealand Dollar (NZD), U.S. Dollar (USD), Singapore Dollar (SGD), Swiss Franc (CHF), British Pound (GBP), Mexican Peso (MXN), Australian Dollar (AUD), Polish Zloty (PLN), Turkish Lira (TRY), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Norwegian Krone (NOK), Swedish Krona (SEK), South African Rand (ZAR), Bitcoin (BTC)

Easy Forex minimum deposit vs other brokers

The broker does not charge any fees for deposits, and most deposits are processed instantly, allowing traders to start trading without delays.

For withdrawals, there is no minimum withdrawal amount for credit/debit cards and eWallets, while a minimum of $50 is required for bank account withdrawals. Easy Forex aims to process all withdrawal requests within 2 business days (48 hours). However, the actual time it takes for the funds to reach the client's bank account may vary depending on the final destination and the processing times of the recipient's bank, typically ranging from 3 to 10 business days.

See the deposit/withdrawal fee comparison table below:

Customer Service

Easy Forex prioritizes excellent customer service and provides multiple channels for clients to reach out for support. The broker offers live chat, WhatsApp, and the option to request a callback, ensuring prompt and direct communication with their customer service representatives. Clients can also send messages online or reach out via email for assistance with their inquiries.

The broker's website includes a comprehensive FAQ section, which addresses common queries and provides helpful information. Easy Forex maintains an active presence on various social media platforms, including Twitter, Facebook, Instagram, YouTube, LinkedIn, and Weibo, allowing clients to stay updated on news, educational content, and market insights. The company address is openly provided, demonstrating transparency and accessibility.

With their commitment to responsive customer service, Easy Forex aims to provide a seamless and supportive trading experience for their clients.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Easy Forex's customer service.

User Exposure on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. Our website provides a platform where users can access valuable information and resources to make informed decisions. We have a dedicated Exposure section where users can report fraudulent brokers or share their experiences if they have fallen victim to scams.

Our team of experts is committed to promptly addressing such concerns and taking necessary actions to resolve any issues. We prioritize the safety and satisfaction of our users, and we strive to maintain a trustworthy and transparent trading environment.

Education

A series of educational resources is available at the research section of Easy Forex, such as a comprehensive Trading Course, Free eBooks, and a Knowledge Base. These resources aim to empower traders with the necessary knowledge and skills to make informed trading decisions.

Additionally, the Trading Glossary helps traders familiarize themselves with industry-specific terms, while the Economic Indicators provide insights into key economic events that can impact the financial markets. The FAQs section addresses common queries and concerns, ensuring that traders have access to relevant information at their fingertips. With its robust educational offerings, Easy Forex strives to equip traders with the tools they need to enhance their trading skills and stay informed in the dynamic world of financial markets.

Conclusion

Collectively, Easy Forex is a regulated broker that offers a variety of trading instruments, user-friendly platforms, and valuable trading tools. The broker's commitment to risk management and customer protection is evident through features like guaranteed stop loss and negative balance protection. However, there have been reports of scams associated with Easy Forex. Traders should exercise caution and conduct thorough research before choosing to trade with Easy Forex.

Frequently Asked Questions (FAQs)

ATFX Information

ATFX is a global online forex and CFD broker established in 2014, offering trading on various markets including forex, precious metals, crude oil, and indices. The broker also offers several account types, including the Standard Account, Edge Account, and Premium Account, targeting different trading groups, with $100 to start. Besides, the demo account is also provided. Regarding trading platform offerings, MetaTrader 4 (MT4) supported and its proprietary trading app - ATFX Mobile Trading App are offered.

Pros & Cons

On the positive side, ATFX is a well-regulated broker and offers negative balance protection to protect security of clients' funds. It also offers various trading instruments with competitive spreads via the industry-leading MT4 platform. You can also test their trading conditions via risk-free demo accounts.

On the downside, ATFX has limited options for deposit and withdrawal methods, as it only accepts payments via bank transfers and credit/debit cards. Another disadvantage is that ATFX does not offer social trading or copy trading features, which may be important to some traders. Finally, ATFX has limited research and analysis tools compared to other brokers, which may be a concern for more advanced traders.

Is ATFX Legit?

ATFX is a thoroughly regulated broker, boasting four licenses from esteemed global financial regulatory bodies.

These include a Market Making (MM) license (No. 418036) from the Australia Securities & Investment Commission (ASIC), an Institution Forex License (No. 760555) from the Financial Conduct Authority (FCA) in the United Kingdom, an STP license (No. 285/15) from the Cyprus Securities and Exchange Commission (CySEC), and a general registered Investment Advisory License (No. 20200000078) from the Securities and Commodities Authority (SCA) in the United Arab Emirates.

These multiple layers of regulation demonstrate ATFX's commitment to adhering to high financial standards, transparency, and the protection of investor interests.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	AT GLOBAL MARKETS (AUSTRALIA) PTY LTD	Market Making (MM)	418036
	SFC	AT Global Financial Services (HK) Limited	Leveraged foreign exchange trading	BUM667
	FCA	AT Global Markets (UK) Limited	Institution Forex License	760555
	CYSEC	ATFX Global Markets (Cy) Limited	Straight Through Processing (STP)	285/15
	SCA	Investment Advisory License	Investment Advisory License	20200000078

Market Intruments

ATFX supports trading on forex, precious metals, crude oil, and indices. However, in contrast to other brokers, ATFX does not enable shares, cryptocurrencies, ETFs, futures or options trading, and their product choices are somewhat limited.

Account Types

ATFX understands that every trader has their own trading style, preferences, and needs, and that's why it offers flexible trading account options. Whether you're a beginner or an experienced trader, there is an account type that is suitable for you.

The Standard Account is a basic account type that is suitable for beginner traders who are just starting in the forex market. It requires a minimum deposit of $100.

The Edge Account is a more advanced account type that is suitable for traders who have some experience in the forex market. It requires a minimum deposit of $5,000.

The Premium Account is the most advanced account type offered by ATFX, designed for professional traders who require advanced trading features and tools. It requires a minimum deposit of $10,000. This account type offers free VPS hosting, market analysis, a personal account manager, and access to exclusive trading tools, such as Autochartist and Trading Central.

Demo Trading

ATFX offers demo trading accounts to its clients, allowing them to practice and familiarize themselves with the trading platform and strategies before committing real funds. Demo accounts are available for all account types, including Standard, Edge, and Premium accounts. These accounts simulate real market conditions, providing traders with the opportunity to test their trading skills and strategies without any financial risks.

The demo accounts are also an excellent tool for beginners who are new to trading as it enables them to learn the basics of trading without the fear of losing money. The demo accounts offer the same features as live accounts, including access to all trading instruments and educational resources, enabling traders to experience the real trading environment.

ATFX's demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques. Moreover, traders can switch between the demo and live accounts anytime they want.

Leverage

ATFX offers varying levels of leverage depending on the type of trading account and financial instrument.

For forex trading, the maximum leverage available for retail clients is typically 30:1 for major currency pairs and 20:1 for minor and exotic currency pairs. Professional clients may have access to higher leverage, up to a maximum of 400:1, depending on their trading experience and other criteria.

Notably, while leverage can amplify potential profits, it also magnifies potential losses, so it's crucial to use leverage responsibly and only trade with funds you can afford to lose. Additionally, different regulations may apply in different regions and countries, which could impact the maximum leverage available to traders.

Spreads & Commissions (Trading Fees)

ATFX offers competitive spreads and commissions on its trading accounts, which vary depending on the type of account and trading instrument.

For forex trading, ATFX offers both fixed and variable spreads, depending on the account type. The spreads for major currency pairs on the standard account start from 1.0 pip, while the spreads on the Edge account start from 0.0 pips but come with a commission of $7 per lot traded.

Non-Trading Fees

Aside from trading fees, ATFX also charges non-trading fees that traders should be aware of, including:

• Inactivity Fee: ATFX charges an inactivity fee of $50 per quarter for accounts that have been inactive for more than 90 days. This fee may be waived for active traders or in certain circumstances.
• Conversion Fee: If you deposit or withdraw funds in a currency different from your account's base currency, ATFX may charge a conversion fee to cover the costs of currency conversion.
• Overnight Financing Charges: If you hold a position overnight, ATFX may charge or credit you with an overnight financing charge, also known as a swap fee. This fee is based on the interest rate differential between the two currencies being traded and is typically charged at a fixed percentage of the position value.
• Deposit/Withdrawal Fee: While ATFX does not charge any deposit/withdrawal fees, third-party payment providers may charge a fee for their services.

Trading Platform

ATFX currently provides the MetaTrader 4 (MT4) platform for its traders, which is a widely used platform among forex traders. It offers advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs).

While some traders may prefer other trading platforms, the MT4 platform is a robust and reliable option with a large community of users and third-party developers creating and sharing custom indicators and EAs.

In addition to the MT4 platform, ATFX also provides the Mobile Trading App, allowing traders to trade on the go.

Deposit & Withdrawal

Minimum Deposit

ATFX's minimum deposit requirement of $100 makes it an accessible option for traders who are just starting out or those who prefer to trade in smaller amounts. The following payment methods are available for deposits:

• Credit/Debit Cards: Visa and Mastercard are accepted. The processing time for deposits made via credit/debit cards is instant, and there are no fees charged by ATFX.
• Bank Wire Transfer: Deposits can be made via bank wire transfer. The processing time for this method varies, and it may take 2-5 business days to reflect in the trader's account. ATFX does not charge fees for deposits made through bank wire transfer, but traders should check with their bank for any charges that may apply.
• Online Payment Methods: ATFX also supports online payment methods such as Skrill, Neteller, and Trustly. Deposits made using these methods are typically processed instantly. ATFX does not charge fees for deposits made through online payment methods, but third-party payment providers may charge a fee for their services.

Withdrawal

How to withdraw money from my trading account?

1. Log in to the secure Client Portal section of our homepage, then click “Withdrawal”.
2. This broker will always return funds to the original source they were deposited. For example, if a deposit is made by credit card, funds will be returned to the same credit card. The return can be done through bank transfer, credit/debit card or e-wallet transfers.
3. If you are withdrawing profit, this broker may ask you for bank account details to send funds directly to your account.

Please note: Your bank account must be fully verified before submitting a withdrawal request.

The time it takes for funds to return to a trader's bank account will depend on the withdrawal method used.

For bank transfers, once the funds have been removed from the trading account, it will take 3-5 business days before they arrive in the trader's bank account. The actual time required for processing may vary, and traders should refer to their bank for more information.

If using an e-wallet, funds will typically be returned to the trader's e-wallet within 2 business days.

For refunds to credit/debit cards, the process typically takes 2-5 business days after the withdrawal has been successfully processed. However, if there are restrictions preventing funds from being returned to the card, ATFX may request a valid bank statement and return the funds to the trader's registered bank account. In such cases, the trader will be contacted by their relationship manager.

All withdrawal requests received before 2 pm (UK time) on a business day will be processed on the same day. Requests received after this time will be processed on the next available business day.

Customer Support

ATFX customer support can be connected through the following channels:

• Live chat, contact form
• Phone: +357 25 258 774, the phone lines are open during Mon – Fri 08:00 – 18:00 GMT+2*, and *GMT+3 during Daylight Saving Time.
• Email: info@atfxgm.eu
• Headquarters: Maryvonne Building, 159 Leontiou A Street, Office 204, 3022, Limassol, Cyprus

Educational Resources

ATFX offers rich and solid educational resources to help traders improve their skills and knowledge.

One of the primary educational resources available through ATFX is their comprehensive online trading academy. This academy provides traders with a variety of resources, including webinars, videos, articles, and e-books, all designed to help traders learn the fundamentals of trading and improve their strategies. The academy covers a range of topics, from basic concepts such as market analysis and risk management to more advanced topics like trading psychology and algorithmic trading.

ATFX also provides traders with access to a variety of market analysis tools and resources. These include daily market analysis reports, economic calendars, and real-time news feeds, all of which can help traders stay informed about the latest market trends and make more informed trading decisions.

FAQs

Is ATFX a regulated broker?

Yes. It is regulated by ASIC, SFC, FCA, CYSEC, and SCA (general registration).

What is the minimum deposit requirement for ATFX?

$100 is required to start real trading.

What trading platforms does ATFX offer?

ATFX offers the popular MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices.

Does ATFX offer demo accounts?

Yes.

Is ATFX suitable for beginner traders?

Yes. ATFX offers a range of educational resources, including an online trading academy and tailored courses, to help beginner traders develop their knowledge and skills.