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Do you want to know which is the better broker between Easy Forex and PBFX ?
In the table below, you can compare the features of Easy Forex , PBFX side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of easyforex, pbfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
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.
Easy Forex Review Summary in 10 Points | |
Founded | 2001 |
Registered Country/Region | Cyprus |
Regulation | CYSEC |
Market Instruments | Forex, commodities, metals, indices, options, cryptocurrencies, and shares |
Demo Account | Available |
Leverage | 1:500 |
EUR/USD Spread | From 0.5 pips |
Trading Platforms | easyMarkets platform (web/app), TradingView, MT4/5 |
Minimum deposit | $25 |
Customer Support | Live chat, WhatsApp, request a callback, send messages online to get in touch, and email |
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.
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.
Pros | Cons |
• Regulated by CYSEC | • Reports of scams and negative user experiences found online |
• Wide range of trading instruments available | • Withdrawal processing time can be relatively long |
• Demo accounts available | |
• User-friendly trading platforms, including easyMarkets platform, TradingView, MT4, and MT5 | |
• Various risk management tools | |
• Multiple payment options | |
• Rich educational resources | |
• Efficient customer support with multiple contact options |
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.
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.
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.
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.
easyMarkets Web/App and TradingView | MT4 | MT5 | |||||
Account type | Standard | Premium | VIP | Standard | Premium | VIP | |
Minimum transaction size from | 0.01 | ||||||
Spreads type | Fixed | Variable | |||||
EUR/USD from | 1.8 pips | 1.5 pips | 0.8 pips | 1.7 pips | 1.2 pips | 0.7 pips | 0.5 pips |
Minimum deposit | $25 | $2,000 | $10,000 | $25 | $2,000 | $10,000 | $25 |
Max leverage | 1:200 | 1:400 | 1:500 | ||||
Commission | 0 | ||||||
Account Fees | 0 | ||||||
Customer Support over the phone | Yes | ||||||
Personal Account Manager | yes | ||||||
24/5 phone and live chat trading | No | No | Yes |
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.
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:
Broker | EUR/USD Spread | Commissions |
Easy Forex | From 0.5 pips | No |
OctaFX | 0.4 pips | No |
Darwinex | 0.0 pips | Variable |
Hantec Markets | 1.2 pips | No |
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.
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:
Broker | Trading Platforms |
Easy Forex | easyMarkets Web/App, TradingView, MT4, MT5 |
OctaFX | MetaTrader 4, MetaTrader 5, cTrader |
Darwinex | Darwinex Web Platform, MetaTrader 5 |
Hantec Markets | MetaTrader 4, MetaTrader 5 |
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.
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.
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 | Most other | |
Minimum Deposit | $25 | $100 |
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:
Broker | Deposit Fee | Withdrawal Fee |
Easy Forex | Free | Free |
OctaFX | Free | Free |
Darwinex | Free | Free |
Hantec Markets | Free | Free |
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.
Pros | Cons |
• Multi-channel available | • No 24/7 customer support |
• Live chat support | • No phone support |
• FAQ section available | |
• Social media presence |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Easy Forex's customer service.
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.
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.
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.
Q 1: | Is Easy Forex regulated? |
A 1: | Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC, License No. 079/07). |
Q 2: | At Easy Forex, are there any regional restrictions for traders? |
A 2: | Yes. It does not provide services to residents of certain regions, such as the United States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Belarus, Burundi, Cambodia, Cayman Islands, Chad, Comoros, Congo, Cuba, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Fiji, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, and Yemen. |
Q 3: | Does Easy Forex offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Easy Forex offer the industry leading MT4 & MT5? |
A 4: | Yes. It supports easyMarkets platform (web/app), TradingView, MT4 and MT5. |
Q 5: | What is the minimum deposit for Easy Forex? |
A 5: | The minimum initial deposit to open an account is $25. |
Q 6: | Is Easy Forex a good broker for beginners? |
A 6: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
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.
PBFX Review Summary in 10 Points | |
Founded | N/A |
Registered Country/Region | New Zealand |
Regulation | FSPR/ASIC (General Registration) |
Market Instruments | Forex, stock, commodities, oil & gas, cryptocurrencies |
Demo Account | Available ($10,000 virtual fund) |
Leverage | 1:1000 |
EUR/USD Spread | 1.7 pips |
Trading Platforms | MetaTrader4, MT4 IOS, MT4 Android, MT4 Mac, MT4 Windows |
Minimum deposit | $10 |
Customer Support | 24/5 live chat, phone, email |
PBFX is a provider of online trading services focused on Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies through MT4 platform. Pribizco currently registered with the New Zealand Financial Service Providers Register (FSPR) and the Australian Securities & Investment Commission (ASIC).
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.
PBFX has several notable pros and cons. On the positive side, PBFX offers a wide range of market instruments and flexible leverage options up to 1:1000, providing traders with various trading opportunities. Additionally, they have multiple account types to suit different trading needs through the leading MT4 platform.
However, there are also some drawbacks. There is limited information on spreads and commissions, which may be a concern for some traders. Additionally, the customer service contact options are limited, and the educational resources and tools provided by PBFX are also limited.
Pros | Cons |
• Richness of tradable assets | • Only general registration of FSPR & ASIC |
• Demo accounts available | • Wide spreads |
• Low minimum deposit | • No info on commissions |
• MT4 trading platform | • No popular payment methods |
• 24/5 live chat support | • Limited educational resources and tools |
PBFX's registration with the New Zealand Financial Service Providers Register (FSPR, License N0. 551686) and the Australia Securities & Investment Commission (ASIC, License No. 269820) indicates that it holds licenses in those jurisdictions. However, it is important to note that these licenses are considered general registered licenses, which may have different regulatory requirements compared to full regulatory licenses.
While registration with these authorities demonstrates some level of compliance, it does not provide the same level of investor protection as full regulatory licenses. Traders should exercise caution and conduct further research to assess PBFX's reputation, track record, and the overall safety of their services before engaging with the platform.
Pribizco offers investors a wide variety of financial trading assets, mainly Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies. The Forex market offers traders the opportunity to participate in the global currency exchange market, allowing them to trade major, minor, and exotic currency pairs. With stocks, traders can access various company shares and participate in the equity markets. Commodities such as gold, silver, oil, and gas provide avenues for diversification and hedging strategies.
Additionally, PBFX enables traders to engage in the growing market of cryptocurrencies, which includes popular digital currencies like Bitcoin, Ethereum, and others. This diverse selection of market instruments gives traders the flexibility to explore various trading opportunities and diversify their investment portfolios.
PBFX offers traders a choice of three live account types: Cent, Standard, and ECN. The Cent account requires a minimum deposit of $10, making it accessible to traders with smaller capital. The Standard account also has a minimum deposit of $10 and caters to the needs of traders who prefer traditional trading conditions.
On the other hand, the ECN account requires a higher minimum deposit of $1,000 and provides traders with direct access to the market through Electronic Communication Network (ECN) technology, offering enhanced liquidity and potentially lower spreads.
Additionally, PBFX provides free demo accounts with $10,000 in virtual funds, allowing traders to practice their strategies and familiarize themselves with the platform before trading with real money.
Furthermore, PBFX offers swap-free accounts for traders who adhere to Islamic principles. These account options provide flexibility and cater to the diverse needs and preferences of traders.
PBFX offers flexible leverage of up to 1:1000 to its traders. This high leverage option allows traders to potentially amplify their trading positions and potential profits. However, it's important to note that trading with high leverage also carries increased risk, as it can amplify potential losses. Traders should exercise caution and carefully manage their risk when utilizing high leverage ratios. PBFX's flexible leverage option provides traders with the ability to choose a leverage level that aligns with their trading strategy and risk tolerance, allowing them to optimize their trading approach.
PBFX offers competitive spreads on its different account types. For Cent and Standard accounts, the spread is fixed at 1.7 pips, providing traders with a transparent and consistent cost for executing trades. On the other hand, ,ECN accounts have a spread of 0 pips which means traders can access raw interbank spreads and potentially benefit from tighter pricing.
However, PBFX does not provide specific information regarding commissions. Traders are advised to review the broker's terms and conditions or contact customer support to obtain more detailed information about commissions and any additional costs associated with trading on the platform.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread (pips) | Commissions |
PBFX | 1.7 | No information available |
Hirose Financial | 1.5 | No commission |
LegacyFX | 2.1 | No commission |
XGLOBAL Markets | 1.2 | No commission |
Please note that the information provided is based on general data and may vary depending on the specific account type and trading conditions offered by each broker. It's always recommended to refer to the official website or contact the broker directly for the most up-to-date and accurate information.
PBFX provides a range of trading platforms, primarily focusing on the popular MetaTrader4 (MT4) platform. MT4 is known for its user-friendly interface, advanced charting capabilities, and extensive range of technical indicators and analysis tools. Traders can access the MT4 platform on various devices, including Windows and Mac computers, as well as mobile devices running on iOS and Android operating systems. This allows for seamless trading and monitoring of positions on-the-go.
The availability of MT4 across multiple platforms ensures that traders have flexibility and convenience in executing their trades. With its robust features and widespread usage in the industry, MT4 offered by PBFX enables traders to make informed trading decisions and execute their strategies effectively.
See the trading platform comparison table below:
Broker | Trading Platforms |
PBFX | MetaTrader 4 (MT4) |
Hirose Financial | MetaTrader 4 (MT4), LION FX |
LegacyFX | MetaTrader 5 (MT5), WebTrader |
XGLOBAL Markets | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
PBFX offers a variety of convenient and secure payment options for both deposits and withdrawals. Traders can fund their accounts using popular methods such as Tether, PayTrust, MTPAY, China UnionPay, and SWIFT. The broker has a low minimum deposit requirement of only $10, making it accessible for traders of different budgets.
PBFX | Most other | |
Minimum Deposit | $10 | $100 |
Moreover, PBFX does not impose any limitations on withdrawal amounts, allowing clients to withdraw their funds as needed. Both deposits and withdrawals are free of charge, eliminating any additional costs for traders.
PBFX also provides a benefit to its clients by offering 3 times free deposit and withdrawal per month, providing flexibility and cost savings. The processing time for deposits and withdrawals is relatively fast, typically taking 1-5 working days, ensuring timely access to funds for traders.
PBFX provides a bonus program that rewards clients based on their initial deposit amounts. Traders can receive bonus amounts depending on the deposited funds, offering an opportunity to enhance their trading capital. For example, depositing $10 will grant a $10 bonus, while depositing $20 will result in a $20 bonus. The bonus amounts increase with larger deposits, with $30 bonus for $30 deposit, $60 bonus for $50 deposit, and $90 bonus for $200 deposit.
It's important to note that the maximum deposit amount eligible for a bonus is $500, and the maximum bonus amount that can be received is $150. This bonus program allows traders to potentially boost their trading funds and take advantage of additional opportunities in the market.
PBFX offers a range of customer support options to assist traders in their journey. Clients can reach out to the broker through 24/5 live chat, phone, and email channels, ensuring prompt and efficient communication. The availability of multiple contact methods allows traders to choose the most convenient option for their needs.
Additionally, PBFX maintains an active presence on popular social networks like Facebook, Instagram, and YouTube, where traders can follow their updates and engage with the broker's community.
The combination of various customer support channels and social media presence demonstrates PBFX's commitment to providing reliable and accessible support to its clients, enhancing the overall trading experience.
Pros | Cons |
• 24/5 live chat support | • No 24/7 customer support |
• Multiple social media channels for communication | • No dedicated FAQ section on the website |
• No multilingual support |
Note: These pros and cons are subjective and may vary depending on the individual's experience with PBFX's customer service.
In conclusion, PBFX is a forex broker registered with the New Zealand Financial Service Providers Register (FSPR) and the Australian Securities & Investment Commission (ASIC). They offer a range of market instruments and flexible leverage options, providing trading opportunities for different types of traders.
However, the limited information available on their website, especially regarding spreads and commissions, raises some concerns. The customer service options are also limited, and the educational resources and tools provided by PBFX are not extensive. It is recommended to conduct further research and consider your specific trading needs before choosing PBFX as your forex broker.
Q 1: | Is PBFX regulated? |
A 1: | No. The New Zealand Financial Service Providers Register (FSPR, License N0. 551686) and Australia Securities & Investment Commission (ASIC, License No. 269820) licenses are both general registered. |
Q 2: | Does PBFX offer demo accounts? |
A 2: | Yes. PBFX provides free demo accounts with $10,000 in virtual funds. |
Q 3: | Does PBFX offer the industry leading MT4 & MT5? |
A 3: | Yes. It supports MT4. |
Q 4: | What is the minimum deposit for PBFX? |
A 4: | The minimum initial deposit to open an account is $10. |
Q 5: | Is PBFX a good broker for beginners? |
A 5: | No. It is not a good choice for beginners. Though it advertises well, dont forget the fact that PBFX just have general registered FSPR and ASIC licenses. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive easyforex and pbfx are, we first considered common fees for standard accounts. On easyforex, the average spread for the EUR/USD currency pair is -- pips, while on pbfx the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
easyforex is regulated by CYSEC. pbfx is regulated by FSPR,VFSC,ASIC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
easyforex provides trading platform including -- and trading variety including --. pbfx provides trading platform including Demo account,Standard account,ECN account and trading variety including Forex, precious metals, indices, crude oil.