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)

Overview of Central Tanshi

Central Tanshi FX Co., Ltd., headquartered in Tokyo, Japan, has been a key player in the financial services sector since its establishment in March 2002. Specializing in foreign exchange margin trading, the company offers a diverse range of trading services and is regulated by the Financial Services Agency (FSA) of Japan, ensuring strict adherence to financial regulations and consumer protection.

With partnerships encompassing over 20 major financial institutions, Central Tanshi provides traders with access to 10 currency pairs, a maximum leverage of 25 times, and variable spreads tailored to different time periods. Offering multiple trading platforms and flexible deposit methods, it aims to cater to the diverse needs of traders in the dynamic world of foreign exchange.

Is Central Tanshi Legit or a Scam？

Central Tanshi is a legitimate financial services company. It is regulated by Japan's Financial Services Agency (FSA), a reputable regulatory body known for its stringent standards. The FSA ensures compliance with financial laws and regulations to protect consumer interests.

Central Tanshis regulatory certificate number adds an additional layer of transparency and trust. While I cannot provide real-time or the most up-to-date information, based on the information available, Central Tanshi does not display the characteristics commonly associated with scam operations.

Pros and Cons

Pros:

1. Regulated by FSA: Central Tanshi is regulated by Japan's Financial Services Agency (FSA), ensuring adherence to strict financial standards and consumer protection.

2. Multiple Trading Platforms: The broker offers various trading platforms for different devices, enhancing accessibility and convenience for traders.

3. No Minimum Deposit: There's no minimum deposit requirement, allowing traders to start with the amount they are comfortable with.

4. Flexible Deposits & Withdrawals: Central Tanshi supports multiple currencies and offers options for both free click deposits and transfer deposits.

5. 24/7 Trading: Certain instruments are available for trading 365 days a year, 24 hours a day, providing flexibility for traders.

Cons:

1. Limited Currency Pairs: The offering is limited to 10 currency pairs, which may restrict diversification for some traders.

2. Customer Support Information: Details about customer support are not provided, leaving traders uncertain about available assistance.

3. Lack of Educational Resources: The absence of information regarding educational resources may leave beginner traders without valuable learning materials.

4. Fees for Withdrawals: Foreign currency withdrawals and certain deposit methods may incur fees, impacting overall costs for traders.

Market Instruments

Central Tanshi primarily focuses on Foreign Exchange Margin Trading Services. Through its online platform, it offers specific products such as “FX Direct Plus” for discretionary trading and “Central Mirror Trader” for automated trading. These offerings allow traders to diversify strategies and take advantage of market volatility.

Account Types

The information provided doesn't give specific details about different account types offered by Central Tanshi. However, given that they offer both discretionary and automated trading options, it is possible that they offer different account types to cater to various trading styles.

How to Open an Account？

To open an account with Central Tanshi, you can follow these 3 steps as outlined on their website at https://www.central-tanshifx.com/:

Step 1: Application

• Go to the Central Tanshi website and fill in your name and address in the application form.

• Review the documents you'll receive as part of your application.

• You'll get an email confirming your application.

Step 2: Submit Documents

• In the email, you'll find two options for submitting identity documents:

• Easy Verification with Smartphone: Open the link on your phone, follow the instructions, and take a photo of your ID.

• Upload Verification: Open the link on your PC or smartphone and upload your ID photos as instructed.

Step 3: Account Confirmation

• If you used the smartphone method, once Central Tanshi reviews your documents, they'll send you an email with your user ID and password. You can start trading the same day.

• If you chose the upload method, they'll send your user ID and password by registered mail to your address.

• Log in to your account and complete additional information, like your My Number.

Keep in mind that Central Tanshi may approve or decline your account based on their review.

Leverage

Central Tanshi offers a maximum leverage of 25 times. This allows traders to control larger positions with a smaller initial investment, potentially amplifying gains. However, higher leverage also increases the risk of significant losses. Clients should be aware that using leverage might increase the volatility of their portfolio, and they should have a comprehensive understanding of the risk associated with leveraged trading.

Spreads & Commissions

The company operates with variable spreads that depend on the time of day. During certain hours, spreads can be as low as 0.1 pips for USD/JPY and as high as 16.0 pips for GBP/JPY during other periods. This flexibility allows traders to strategize their trades based on market timing. However, it's crucial to note that wider spreads could eat into profits and make some strategies less viable. No information is available regarding commissions, so traders would need to inquire directly about any additional costs.

Trading Platform

Central Tanshi provides a versatile trading environment through four different versions of their trading platform: smartphone, PC, iPad, and feature phone. The PC version comes with three additional options, including fast chart Trade Plus and a network trading system. Such diversity in trading platforms ensures that traders can execute orders and manage their accounts from multiple devices, offering flexibility and convenience.

Deposit & Withdrawal

Central Tanshi supports multiple deposit currencies, including Japanese Yen, US Dollar, and more. Deposits can be made via click deposit (free of charge) or transfer deposit (fees borne by the customer). Withdrawals in Japanese Yen are free, but withdrawals in foreign currencies are partly charged. This offers flexibility in currency and funding methods but can incur some costs, especially for foreign clients.

Customer Support

Central Tanshi Co., Ltd. strictly limits its contact options to an online contact form and does not entertain inquiries via phone. It is important to note that Central Tanshi Co., Ltd. operates as a separate entity, and consequently, it does not accept inquiries regarding the company through any means other than the provided online contact form. This approach reflects the company's chosen communication method and should be adhered to for any queries or concerns related to their services or operations.

Educational Resources

Central Tanshi offers an extensive range of educational resources to empower traders. These resources encompass a comprehensive market view, informative columns, and educational videos and seminars to enhance traders' knowledge and skills. Access to the latest market information, exchange rates, and currency charts facilitates informed decision-making. Additionally, tools like the swap calendar, economic indicators, settlement date calendar, and FX holiday schedule provide valuable insights into market dynamics.

Furthermore, Central Tanshi equips traders with in-depth market analysis, historical price movements, correlation coefficients for currency pairs, monthly average growth and decline rates, Chicago IMM currency futures position trends, and the historical performance of major economic indicators, policy interest rates, and GDP figures. These educational tools empower traders with the knowledge and data necessary to make informed trading decisions.

Conclusion

In conclusion, Central Tanshi emerges as a regulated and accessible option for foreign exchange margin trading, offering multiple trading platforms, flexible deposit methods, and a 24/7 trading window for select instruments. However, its limited currency pair selection, lack of detailed customer support information, absence of educational resources, and potential fees for foreign currency withdrawals may impact the overall trading experience. As with any financial decision, prospective traders should carefully assess their individual requirements and preferences before choosing to open an account with Central Tanshi, ensuring it aligns with their specific trading needs and objectives.

FAQs

Q: What regulatory body oversees Central Tanshi？

A: Central Tanshi is regulated by the Financial Services Agency (FSA) of Japan, ensuring compliance with rigorous financial standards.

Q: What is the maximum leverage offered by Central Tanshi？

A: Central Tanshi provides a maximum leverage of 25 times, allowing traders to control larger positions with a smaller initial investment.

Q: Can I trade on Central Tanshi's platform 24/7？

A: Yes, Central Tanshi offers 24/7 trading availability for certain instruments, providing flexibility for traders across different time zones.

Q: Are there any fees for depositing funds into my Central Tanshi account？

A: Central Tanshi offers free click deposits; however, fees may apply for transfer deposits, depending on the chosen method.

Q: How many currency pairs can I trade on Central Tanshi？

A: Central Tanshi offers a total of 10 currency pairs, including both yen currency pairs and cross currency pairs.

Q: Does Central Tanshi provide educational resources for traders？

A: While Central Tanshi offers a wide range of market analysis tools, there is no mention of specific educational resources for traders.

Q: What support options are available if I have questions or issues with my account？

A: Central Tanshi primarily relies on an online contact form for inquiries and does not provide phone support, limiting the available communication channels for traders.