Forex Broker Reviews - Easy Forex

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Mohamed Arif , Chennai, India

I have been with 1 year with this broker found lot of opportunities to make money. Little wider spreads only for mini account holder (100-500 USD free money) Widely competitive spreads for Gold and VIP accounts. Simply i'm enjoying my trades with Easy Forex. I like very much for their simple design and site implementations. Legally this broker is best fit for me co'z they don't charge any of my withdrawals, and speed deposit for my bank account or Credit Card. No such scamming activities. Finally Easy-forex is one of my best favorite broker. You can found this broker has highest alexa rank. So more people are with this broker and customer care is very very good.

John Buck, Australia

Easy Forex is one of the best brokers around in my opinion. The main reason for this is the service, the quality of their daily reports delivered to your personal e-mail is fantastic. They will call you and discuss things with you, you can call them and ask for advice on upcoming announcements. Your stops and limits are guarenteed. A big downside, and my reason for 4 stars is their platform. It is not as easy to use as my other broker MG Forex, and there is no way to set a trade wich is close to current market price. Your limit orders need to be aproximately 20 - 25 pips from current market price, and when big news comes out their freeze rate of three seconds is disabled. However they are extremely honest and upfront about this when you sign up for your account. I don't know about spreads on mini accounts, but I get 3 pips on EURUSD and 4 pips on GBPUSD and no commission. Another big plus is that your account can be funded from a credit card, so you don't need to keep any capital in your account. The amount to cover your position is debited from your credit card when you enter your stop loss position. And your profits can be paid to a normal bank account or back to the credit card you debited the amount from. Great for frequent flyer points, and your bank will love you. They even take AMEX with no extra charges, I'm an AMEX black card holder and AMEX love me for it. Great brokers, platform needs a bit of work though. If you want to trade announcements, open an account with another broker, such as MGForex, who offer no service, but will fill limit orders 1 pip from current market price. And I have not experienced any slippage with MGForex myself.

Yasser, Saudi Arabia

I have been using Easy Forex for 2 years now, despite i have lost BIG $ not necessarily because of them, however, they have many positive and fewer negative points which i will start with positive ones:
- very friendly responsive customer care, i am talking about cyprus team have not tried others as I read some negative feedback about other locations
- 3 methods of trading and all i can say v. fast execution, platform, chat and telephone
- easy to use system
- fast withdrawal - (2-3 days)
- 0 pips in happy hours but do not happen occasionally !
- they have responded to many customer requests including myself to remove the 2 minutes to close a position, now it is instant
- sms n email technical analysis and breaking news (i requested to stop them because they became annoying and inticing for one to trade at a time you dont want to lose more :)

Now for the negative ones:
- High spreads, eventhough i hold a gold account but still 5 pips on gbp/usd as well as some other majors !
- Technical Problems, this is their real problem, the system is web based and hangs a lot specially during major announcements which may result in losses

All and all I feel very comfortable trading with them, trust and professionalis is there. I rate them with 4 as I believe despite their shortcoming in the platform they are v. good and trying their best and they should know that if their system continues to hang, they will lose a lot.
 

Kelvin Lee, Australia

Well, in my opinion, you will not find any better service elsewhere than Easy Forex. It is true they offer wise spread for mini traders, but guys, how many platforms can give you access to the market with only $25USD? Trading on a demo account is absolutely wasting your time! I have friend made millions on a FXCM demo account, but he did not make any win trade with his real account! They psychological influence is one of the biggest factors in Forex trading! Easy Forex offers everyone a small level of initial investment, you can experience the psychological side of trading and not risking all your capital! Remember there are limited number of people winning in this market, practice small is a good start point for everyone. Fairly speaking, for those who trade with only few hundred bucks, you should never expected you will be treated as big traders! All after all, Forex brokers make money from spread and your trading volume. You trade good volume (I am talking about millions), you can definitely negotiate your spread with Easy Forex. And I am using Easy Forex's dealing room service, I have 3 pips spread, and in-depth bank analysis for both fundamental and technical, which are absolutely great! And they offer me volume trading bonus, Ｉreceive couple hundred dollars from them on monthly basis when my total trading size hit to certain level. In addition, when you introduce your friends or other people to Easy Forex, you can also receive good commission from it! To be realistic guys, if you are not trading at a good level, you should never desire the best service from anyone. For those considering yourself as BIG trader, contact your Easy Forex manager, they can do a good deal from me, they can do it for you too.

Peter Leyshan, United States

I love the Easy Forex platform. It's so easy to trade with. The things I like about easy-forex, is the ability to trade from any computer in the world that has a fast internet connection. I also like their guaranteed stop-loss - no panick attacks when the market gaps past your stop. You can also freeze the rate you see on screen for 3 seconds, I love it. Another advantage is they allow hedging. The only downside I can think of which is the reason for 4 stars instead of 5, is the wide pip spread. For a mini account it's 8-10 pips. So far I've only been quoted 8 pip spreads, but the spread is negotiable depending on your account size and trading frequency. The service is very good, and the staff are friendly and helpful. I haven't run into any problems with them so far, and I am happy to continue using Easy Forex.