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Do you want to know which is the better broker between WELTRADE and Easy Forex ?
In the table below, you can compare the features of WELTRADE , Easy Forex side by side to determine the best fit for your needs.
EURUSD: 0.2
XAUUSD: 1.6
Long: -11.75
Short: -5
Long: -43
Short: -30
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 weltrade, easyforex 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.
WELTRADE Review Summary in 10 Points | |
Founded | 2006 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | FSCA (exceeded) |
Market Instruments | forex, Index CFDs, commodities, stock CFDs, metals and digital currencies |
Demo Account | Available |
Leverage | 1:1000 |
EUR/USD Spread | Floating from 0.5 pips |
Trading Platforms | MT4, MT5 |
Minimum deposit | $1 |
Customer Support | 24/7 live chat, phone, email |
Established in 2006, WELTRADE, a trading name of Systemgates Capital Ltd, is allegedly an online CFDs broker incorporated in Saint Vincent and the Grenadines and regulated in Belarus that provides its clients with the worlds most widely-used MetaTrader4 and MetaTrader5 trading platforms, flexible leverage up to 1:1000, floating spreads on various tradable assets, a choice of four different live account types, as well as auto-trading service and 24/7 customer support service. As for regulation, WELTRADE holds an exceeded Financial Sector Conduct Authority (FSCA) license.
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.
WELTRADE has several advantages, such as a variety of trading instruments, flexible leverage options, and a range of account types suitable for traders at different levels. The broker also provides a range of trading platforms and tools, as well as 24/7 customer support.
However, the negative reviews from some customers regarding withdrawal issues and scams are concerning. Additionally, the lack of valid regulatory license may be a cause for caution. Traders should always exercise caution when selecting a broker and conduct thorough research before investing.
Pros | Cons |
• Negative balance protection | • Exceeded FSCA license |
• Multiple account types to choose from | • Negative reviews and reports of scams |
• Flexible leverage options | • Clients from the USA, Canada, EU, Belarus and Russia are not accepted |
• Low spreads with no commissions | |
• MT4 and MT5 supported | |
• Low minimum deposit ($1) | |
• Multiple deposit and withdrawal methods | |
• 24/7 customer support |
There are many alternative brokers to WELTRADE depending on the specific needs and preferences of the trader. Some popular options include:
CMC Markets - A reliable broker with a long history and competitive pricing.
FOREX TB - A broker with a wide range of trading instruments and a user-friendly platform.
GMO - A well-known Japanese broker with with a strong focus on technology and innovation.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
The fact that WELTRADE is regulated by Financial Sector Conduct Authority (FSCA) in South Africa is a positive point, but the negative reviews from clients are concerning. The negative reviews, including clients saying they are unable to withdraw and accusing WELTRADE of being a scam, cannot be ignored.
The fact that WELTRADE offers negative balance protection is a good thing, but it does not necessarily guarantee the safety of the investment. It is important to exercise caution when investing with any broker, and it is recommended to thoroughly research and gather information before making any investment decisions.
WELTRADE offers a diverse range of market instruments to trade including Forex, metals, commodities, index CFDs, and CFDs for digital instruments such as Bitcoin, Litecoin, and Ethereum. The Forex instruments include a variety of major, minor, and exotic currency pairs, with competitive spreads and high leverage options available. The commodity markets available to trade include precious metals like gold and silver, as well as energy products such as oil and gas.
Furthermore, traders can also access a variety of CFDs on popular stock indices from around the world. WELTRADE's offering of digital instrument CFDs allows traders to participate in the growing cryptocurrency market with competitive conditions.
WELTRADE's account types cater to traders of all levels, with the Micro account being suitable for beginners and the Premium account for advanced traders.
The Micro account has a minimum deposit requirement of $1, making it accessible for those who want to start with a small investment. The Pro account requires a minimum deposit of $100, and it is considered the best choice according to the broker's website. The Premium account requires a minimum deposit of $25,000 and offers additional features and benefits for advanced traders.
It is worth noting that traders should carefully consider their level of experience and investment goals when choosing an account type.
Account type | Micro | Pro | Premium |
Minimum deposit | $1 | $100 | $25 |
Average speed of deal execution | from 0.9 second | from 0.5 second | from 0.8 second |
Account currency | cents USD / cents EUR | USD | USD / EUR |
Spread | Floatingfrom 1.5 pips | Floatingfrom 0.5 pips | Floatingfrom 1.5 pips |
Minimum volume of one order | 0.01 lots | ||
Maximum volume of one order | 1000 lots | 100 lots | 100 lots |
Leverage | 1:33 - 1:1000 | 1:1-1:1000 | 1:33 - 1:1000 |
Margin Call Level | 100% | ||
Stop Out Level | 10%, 20% for digital instruments | ||
Interest rate | / | 5% | 3.5% |
Interest rate | No | ||
Trading platform | MetaTrader 4 / MetaTrader 5 | ||
Automatic trading | Yes | ||
Swap |
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Micro or Premium account can enjoy flexible leverage ranging from 1:33 to 1:1000, while the Pro account with the leverage of 1:1-1:1000. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads are influenced by what type of accounts traders are holding. WELTRADE reveals that the spread on the Micro and Premium accounts is floating from 1.5 pips, while the clients on the Pro account can experience floating spreads from 0.5 pips. All charging no commissions. It is important for traders to understand the different spread and commission structures before opening an account with WELTRADE.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
WELTRADE | From 0.5 pips | None |
CMC Markets | From 0.7 pips | None |
FOREX TB | From 0.5 pips | None |
GMO | From 0.8 pips | None |
Note: Spreads can vary depending on market conditions and volatility.
When it comes to trading platforms available, WELTRADE gives a variety of trading platforms to suit different traders' needs. The popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are available for download on iOS and Android devices, as well as on desktop and Mac OS. These platforms are well-known in the industry for their user-friendly interface, advanced charting tools, and the ability to support automated trading through the use of Expert Advisors.
In addition, WELTRADE also offers the Web Terminal platform, which is accessible through a web browser, allowing traders to trade from any device with an internet connection.
Overall, WELTRADE'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 |
WELTRADE | MT4, MT5 |
CMC Markets | CMC Next Generation, MT4, MT5, Stockbroking platform |
FOREX TB | MT4, MT5, WebTrader, MobileTrader |
GMO | Z.com Trader, MT4, FXBook Mobile, Z.com Trader Mobile, FXBook Web |
Note: This table is subject to change as brokers may add or remove trading platforms over time.
In addition to its trading platforms, WELTRADE provides traders with some trading tools to assist with their trading decisions. One of these tools is the Trading Calculator, which enables traders to estimate their potential profits or losses on a trade before executing it.
The Economic Calendar is also available to traders, which shows upcoming economic events and releases and their expected impact on the markets. These tools can be useful for traders who want to keep up with the latest market news and make informed trading decisions.
WELTRADE accepts deposits and withdrawals with credit/debit cards, like Visa and MasterCard Skrill, Neteller, digital currencies, Perfect Money, Indonesia Local Bank, and Fasapay,making it convenient for traders from different countries. The minimum deposit amount depends on the terms of the payment system.
WELTRADE | Most other | |
Minimum Deposit | $1 | $100 |
Deposits via Indonesia Local Bank can be processed in 24 hours, while other deposits are instant. All withdrawal requests are said to be processed within 30 minutes and the broker supports 24/7 withdrawals. More details can be found in the below screenshots.
However, it is important for traders to carefully review the terms and conditions of each payment method, as well as any potential fees or limitations that may apply. More details can be found in the below screenshots.
It is a good sign that WELTRADE offers multiple ways to get in touch with their customer support team, including 24/7 Live chat, phone, email, online messaging, or request a callback. The broker also has a presence on popular social media platforms, including Twitter, Facebook, Instagram and Line, which may be convenient for some traders. It should be noted that the broker is registered in Saint Vincent and the Grenadines, which is not a heavily regulated jurisdiction, so traders should exercise caution and do their due diligence before investing.
Overall, WELTRADE's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/7 multi-channel support available | • Registered address is shady |
• Active presence on social media platforms for easy communication | |
• Support for multiple languages |
Note: These pros and cons are subjective and may vary depending on the individual's experience with WELTRADE's customer service.
WELTRADE offers a range of educational resources to help traders improve their knowledge and skills. The broker provides market news and analytics to keep clients updated on the latest market trends and developments. In addition, WELTRADE offers training and seminars to help traders learn the basics of trading, as well as more advanced strategies. The MetaTrader guide is also available for traders to learn how to use the trading platform effectively. These educational resources can help traders make better-informed trading decisions and improve their overall trading performance.
It is important to exercise caution when investing with any broker, and this includes WELTRADE. It is concerning to see reports of scams and issues with withdrawals from some users. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Based on the information available, WELTRADE is a Forex and CFD broker offering a range of trading instruments, account types, and platforms. It has some attractive features such as competitive spreads, a wide range of payment methods, and negative balance protection.
However, there are also some concerns raised by clients regarding withdrawal issues and scams. Additionally, the broker is registered in Saint Vincent and the Grenadines, which is a less regulated jurisdiction compared to major financial centers. Traders should exercise caution and conduct their own research before investing with WELTRADE or any other broker.
Q 1: | Is WELTRADE regulated? |
A 1: | No. WELTRADE holds an exceeded Financial Sector Conduct Authority (FSCA) license. |
Q 2: | At WELTRADE, are there any regional restrictions for traders? |
A 2: | Yes. Not for residents of the USA, Canada, EU, Belarus and Russia and other not-supported (restricted) countries. |
Q 3: | Does WELTRADE offer demo accounts? |
A 3: | Yes. |
Q 4: | Does WELTRADE offer the industry-standard MT4 & MT5? |
A 4: | Yes. Both MT4 and MT5 are supportable. |
Q 5: | What is the minimum deposit for WELTRADE? |
A 5: | The minimum initial deposit to open an account is only $1. |
Q 6: | Is WELTRADE a good broker for beginners? |
A 6: | No. WELTRADE is not a good choice for beginners. Though it seems to offer competitive trading conditions, it lacks legitimate regulation. |
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. |
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 weltrade and easyforex are, we first considered common fees for standard accounts. On weltrade, the average spread for the EUR/USD currency pair is from 0.5 pips, while on easyforex 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.
weltrade is regulated by NBRB,FSC,FSCA. easyforex is regulated by CYSEC.
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.
weltrade provides trading platform including Pro,Premium,Micro and trading variety including --. easyforex provides trading platform including -- and trading variety including --.