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)

General Information

Binance JEX is an unregulated cryptocurrency exchange that operates without valid regulatory licenses. As a result, it lacks the oversight and regulatory protection usually provided by authorized entities. This absence of regulation increases the potential risk for users, as there may be a higher likelihood of market manipulation and fraudulent activities. It is important for users to exercise caution and be aware of the associated risks when trading on an unregulated platform like Binance JEX.

The platform offers a range of market instruments for trading, with fees varying depending on the type of trading instrument and discounts available for JEX token holders. Binance JEX supports multiple payment methods, including P2P trading, credit/debit card payments, bank transfers, and third-party payment channels. However, users should be aware of the risks and exercise due diligence when engaging in financial transactions on the platform.

Binance JEX provides trading platforms for both mobile and desktop devices, allowing users to trade on the go and stay informed about market updates. The exchange also offers API integration for third-party trading applications. To enhance security, Binance JEX provides the Binance Authenticator for 2-Step verification.

The platform offers various trading tools such as Binance Convert, Futures Grid, Trading Bots, Spot Grid, and an OTC trading service. These tools aim to enhance the trading experience and provide users with options to automate their trades and benefit from market fluctuations.

Customer support is available through 24/7 chat support, email communication, Twitter, and Facebook. Users can reach out to Binance JEX for assistance or inquiries regarding the platform.

While Binance JEX offers trading opportunities and a range of tools, users should be cautious due to the lack of regulatory oversight, the reported complaints, and the potential risks associated with unregulated exchanges.

Pros and Cons

Binance JEX, as a cryptocurrency exchange, has both advantages and disadvantages. In terms of pros, it offers a wide range of market instruments, including over 500 cryptocurrencies, options, ETFs, and futures. Traders may engage with buy and sell offers from other users, and the fee structure is relatively low. Additionally, the integration of JEX has expanded the platform's offerings. However, there are notable cons to consider. Binance JEX operates without regulatory oversight, which poses potential risks such as market manipulation and fraudulent activities. Limited information on less-known cryptocurrencies and the lack of customer protection and legal recourse options are also concerning. To make informed decisions, users should carefully weigh these pros and cons before engaging in trading activities on Binance JEX.

Is BINANCE JEX Legit？

Binance JEX Exchange is currently not regulated by any valid regulatory authority. This means that the platform does not operate under the oversight and regulations that are typically in place to protect investors and ensure fair trading practices.

It's important to note that trading on an unregulated exchange carries inherent risks. Without regulatory oversight, there is a higher likelihood of fraudulent activities, market manipulation, and inadequate security measures. Additionally, in the event of any disputes or issues with the exchange, there may be limited avenues for legal recourse or protection of investors' rights.

Furthermore, it is worth mentioning that there have been complaints received by WikiFX regarding Binance JEX Exchange. Specifically, eight complaints have been reported within the past three months. These complaints and reports should serve as a warning and raise caution about the potential risks and possible fraudulent activities associated with the platform.

Market Instruments

Binance JEX provides access to a range of market instruments, primarily focusing on cryptocurrency pairs. Traders can choose from over 500 cryptocurrencies, including popular options like BTC, ETH, and XRP, as well as lesser-known cryptos such as NEO, IOTA, and NavCoin.

The platform offers options for trading crypto coins like ETH/BTC, LTC/BTC, JEX/BTC, DASH/BTC, and others. Additionally, traders have access to options, ETFs, and futures. Binance JEX expanded its offerings through the acquisition of JEX, which is now integrated and rebranded as Binance Jex.

To facilitate trading, Binance JEX allows users to view and engage with buy and sell offers from other traders or create their own trade offers. A fee is charged for each trade, although the specific fee structure is relatively low.

Traders interested in utilizing Binance JEX's services are required to register on the platform before engaging in any trading activities.

Transaction Fees

Binance JEX has a pricing schedule for transaction fees, which can be found on its website. The fees vary depending on the type of trading instrument.

For crypto coin pairs like ETH/BTC, the maker fee is 0.10% and the taker fee is 0.10%. Users who hold JEX tokens receive a 50% discount on these fees.

When it comes to option trading, both makers and takers are charged a fee of 0.20%. Again, JEX token holders enjoy a 50% discount on these fees. The fees for ETF trading are the same as for options.

For futures trading, the fees differ based on the trading pairs. For BTCUSDT, the maker fee is 0.00% and the taker fee is 0.04%. For ETHUSDT, the maker fee is 0.01% and the taker fee is 0.06%.

Trading Platform

Binance JEX offers trading platforms that cater to the needs of traders on various devices. Users can trade on the go and stay informed about market updates with the Binance JEX app and desktop client.

The trading platforms are available for download on different operating systems. For mobile trading, the Binance JEX app can be downloaded from the App Store for iOS devices or from Google Play for Android devices. The app allows traders to access all the features and functionality of Binance JEX on their smartphones or tablets.

For desktop trading, Binance JEX provides a powerful crypto trading platform that is compatible with Windows, MacOS, and Linux. Traders who prefer to conduct their trading activities on a computer can download the desktop client to enjoy a tailored trading experience.

Binance JEX also offers API integration, helping traders to connect their own trading applications to the platform. The Binance API is designed to provide a way to integrate trading functionality into third-party applications.

To enhance account security, Binance JEX provides the Binance Authenticator. This app generates 2-Step verification codes, adding an extra layer of protection to user accounts. The Binance Authenticator can be downloaded for both iPhone and Android devices.

Trading Tools

Binance JEX offers a range of trading tools designed to enhance the trading experience and provide users with various strategies and options. Here are some of the trading tools available on Binance JEX:

1. Binance Convert: Binance Convert allows users to instantly convert one cryptocurrency into another within their Binance JEX account. This tool helps exchange cryptocurrencies without the need for placing separate buy and sell orders.

2. Conversion History: Binance JEX keeps a record of users' conversion history, allowing them to track their previous cryptocurrency conversions. This feature provides a reference for users to review their conversion transactions.

3. Futures Grid: Binance JEX offers Grid Trading applied to COIN-M and USD-M contracts in the futures market. Grid Trading enables users to amplify their purchasing power by deploying long/short strategies and taking advantage of sideways markets. This tool helps users automate their futures trading and potentially benefit from market fluctuations.

4. Trading Bots: Binance JEX provides automation tools for trading cryptocurrencies. Users can deploy trading bots to execute trades based on predefined strategies. These bots help users identify and replicate trending strategies and take advantage of the liquidity available on Binance JEX. By using trading bots, users can trade crypto like professional traders.

5. Spot Grid: Spot Grid is a tool that allows users to place buying and selling orders at set intervals across a configured price range. By automating trades using Spot Grid, users can take advantage of volatile markets and potentially optimize their trading outcomes.

6. Binance OTC: Binance JEX offers an over-the-counter (OTC) trading service. OTC trading allows users to trade large volumes of cryptocurrencies directly with Binance, without going through the traditional order book. The OTC trading service provides a more personalized way to execute large trades.

7. OTC Trading History: Binance JEX keeps a record of users' OTC trading history, allowing them to track their previous OTC transactions and review the details of their trades.

Payment Methods

Binance JEX offers several payment methods for users to facilitate trading and transactions. These methods include:

1.P2P Trading: Binance JEX provides a peer-to-peer (P2P) trading platform where users can buy and sell cryptocurrencies directly with other users. P2P trading allows for the use of various payment methods, such as bank transfers, mobile payment apps, and online payment systems, depending on the preferences of the trading parties.

2. Credit/Debit Card: Binance JEX supports credit and debit card payments, allowing users to purchase cryptocurrencies using their cards. By linking their cards to their Binance JEX accounts, users can make instant purchases and quickly access the cryptocurrencies they desire.

3. Bank Transfer: Users can also make deposits and withdrawals on Binance JEX via bank transfers. This payment method enables users to transfer funds from their bank accounts to their Binance JEX accounts or vice versa.

4. Third-Party Payment Channels: Binance JEX may collaborate with third-party payment channels to provide additional payment options to its users. These channels can include various online payment systems, e-wallets, and mobile payment apps. By integrating with trusted third-party platforms, Binance JEX aims to offer users a wider range of payment choices and enhance the accessibility of cryptocurrency trading.

Binance JEX Technology

Binance JEX offers an advanced technology called GSLB, featuring Distributed server cluster, distributed storage high-speed memory trading engine with alternation of several machines, cold e-wallet, hot e-wallet with the offline private key.

Customer Support

Binance JEX provides customer support through multiple channels to assist users with their inquiries and concerns. Here are the customer support options available:

1. 24/7 Chat Support: Binance JEX offers 24/7 chat support to provide real-time assistance to users. Users can access the chat support feature on the Binance JEX website or platform, allowing them to interact with support representatives and receive prompt responses to their queries.

2. Email Support: Users can also reach out to Binance JEX customer support by sending an email to service@email.jex.com. This email address serves as a direct communication channel for users to raise their concerns, ask questions, or seek assistance.

3. Twitter: Binance JEX maintains an official Twitter account where users can find the latest updates, announcements, and news related to the platform. Users can also reach out to Binance JEX through Twitter by mentioning or direct messaging their queries to the official Binance JEX Twitter handle: https://twitter.com/BinanceJEX/.

4. Facebook: Binance JEX has a Facebook page where users can find information about the platform and engage with the community. Users can visit the Binance JEX Facebook page to access updates, announcements, and relevant content. The Facebook page also serves as a platform for users to communicate with Binance JEX: https://www.facebook.com/JEX-1915721362076725/？modal=admin_todo_tour.

Conclusion

In conclusion, Binance JEX is an unregulated cryptocurrency exchange that offers a range of trading tools and platforms for users to trade and invest in cryptocurrencies. The advantages of using Binance JEX include pricing listed in tables, availability of mobile and desktop trading platforms, and various trading tools such as Binance Convert and Futures Grid. However, the platform's lack of regulation raises concerns about investor protection, potential fraudulent activities, and limited legal recourse in case of disputes. Additionally, the presence of complaints reported to WikiFX further highlights potential risks associated with Binance JEX. It is crucial for users to carefully consider these disadvantages and exercise caution when using the platform.

FAQs

Q: Is Binance JEX a regulated exchange？

A: No, Binance JEX is currently not regulated by any valid regulatory authority. Trading on an unregulated exchange carries inherent risks.

Q: What are the pros and cons of using Binance JEX？

A: The pros of using Binance JEX include availability of trading platforms for different devices, and a range of trading tools. However, the cons include the lack of regulation and the presence of complaints reported to WikiFX.

Q: What fees does Binance JEX charge？

A: Binance JEX has a pricing schedule for transaction fees. The fees vary depending on the type of trading instrument, such as crypto coin pairs, options, ETFs, and futures.

Q: How does deposit and withdrawal work on Binance JEX？

A: Binance JEX does not charge any deposit fees, but users are required to pay a flat fee for each withdrawal to cover transaction costs. The withdrawal fees vary depending on the blockchain network and can change due to factors like network congestion.

Q: What trading platforms does Binance JEX offer？

A: Binance JEX offers a mobile app for iOS and Android devices, a desktop client for Windows, MacOS, and Linux, and API integration for connecting third-party trading applications.

Q: What trading tools are available on Binance JEX？

A: Binance JEX offers tools such as Binance Convert for instant cryptocurrency conversion, Conversion History for tracking previous conversions, Futures Grid for automated futures trading, Trading Bots for executing predefined strategies, Spot Grid for automated trading in volatile markets, and Binance OTC for personalized large-volume trades.

Q: What payment methods are accepted on Binance JEX？

A: Binance JEX supports P2P trading, credit/debit card payments, bank transfers, and may collaborate with third-party payment channels to offer additional options.

Q: How can I contact customer support for Binance JEX？

A: You can reach Binance JEX customer support through 24/7 chat support on their website, via email at service@email.jex.com, or through their official Twitter and Facebook accounts.