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XTB , Easy Forex Broker Comparison

Do you want to know which is the better broker between XTB and Easy Forex ?

In the table below, you can compare the features of XTB , Easy Forex side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
XTB
6.66
Regulated
Under guarantee
10-15 years
CYSEC,FCA,CNMV
MASTER,Bank transfer,ECOMMPAY,Skrill,PayU,VISA,PayPal
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STANDARD
Forex, Commodities, Indices, Stock CFDs, ETF CFDs
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1:30
from 0.35
0.00
--
0.01
--
Easy Forex
6.64
Regulated
Under guarantee
--
15-20 years
CYSEC
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XTB 、 Easy Forex BrokersRelevant information

XTB 、 Easy Forex BrokersRelevant exposure

Which broker is more reliable?

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 xtb, 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:

Forex broker introduction

xtb
Registered in UK
Regulated by CYSEC, CNMV and FCA
Year(s) of establishment 10-15 years
Trading instruments Forex pairs, indices, commodities, stocks, ETFs
Minimum Initial Deposit $0
Maximum Leverage 1:30
Minimum spread 0.35 pips onwards
Trading platform x Station 5 and x Station Mobile trading platforms
Deposit and withdrawal method bank transfers, credit cards and Skrill
Customer Service Email/phone number/address
Fraud Complaints Exposure Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of XTB

Pros:

  • XTB is regulated by top-tier authorities such as CYSEC, CNMV and FCA, which ensures the safety of client funds and compliance with industry standards.

  • Clients can enjoy commission-free trading with spreads as low as 0.25 pips, making it a cost-effective option for forex traders.

  • The xStation 5 and xStation Mobile platforms provide a user-friendly and advanced trading experience, with multiple technical analysis tools and charting options.

  • A wide range of educational resources is available, such as market news, sentiment indicators, and eBooks, making it ideal for beginner traders who want to improve their trading skills.

Cons:

  • XTB only offers a standard account type, with no information provided about the minimum deposit required to open an account.

  • The maximum leverage offered is only up to 1:30, which may not be ideal for high-risk traders who want to take larger positions in the market.

  • Withdrawals of less than 100 USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee, which can be a disadvantage for clients with smaller accounts.

  • Customer support is not available 24/7 and is only offered in a limited number of languages.

What type of broker is XTB?

Advantages Disadvantages
XTB offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, XTB has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

XTB is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, XTB acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that XTB has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with XTB or any other MM broker.

General information and regulation of XTB

XTB is a UK registered online forex and CFD broker that is regulated by the FCA, CYSEC, and CNMV. The company offers trading in a range of financial instruments including forex pairs, indices, commodities, stocks, and ETFs. XTB provides its clients with advanced trading platforms, educational resources, and a variety of payment methods. The broker also offers competitive spreads with zero commissions and has a maximum leverage of 1:30.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Wide range of tradable assets Limited selection of cryptocurrencies
Opportunity to diversify Some instruments may have low liquidity
Access to multiple markets Not all assets may be available in all regions

XTB offers a diverse range of instruments for traders to choose from, including forex pairs, indices, commodities, stocks, and ETFs. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform. The wide selection of tradable assets ensures that there are plenty of options available for traders with varying strategies and preferences. However, it's important to note that some of the instruments may have low liquidity and there is a limited selection of cryptocurrencies available. Additionally, not all of the assets may be available in all regions, which could limit access for some traders. Overall, XTB's instrument dimension provides traders with a comprehensive selection of tradable assets, but it's important to research each asset's liquidity and availability before trading.

market instruments

Spreads and commissions for trading with XTB

Advantages Disadvantages
Zero commission
Competitive spreads starting from 0.25 pips
No hidden fees or additional charges

XTB offers a single account type with zero commission and competitive spreads starting from 0.25 pips, making it an attractive option for traders looking for low trading costs. There are no hidden fees or additional charges, providing transparency and ease of understanding for traders.

Trading accounts available in XTB

Advantages Disadvantages
No commission Only one account type
Low spreads Minimum deposit not revealed
Wide range of trading instruments

XTB offers only one standard account type, which doesn't charge any commission and offers competitive spreads from 0.35 pips. This account type also provides access to a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and ETFs. However, the minimum deposit requirement for this account type is not revealed, which can be a disadvantage for traders who are looking for transparency in terms of account funding. Additionally, the lack of account type options might not suit the needs of more advanced traders who require different trading conditions or access to additional features. Overall, the account type provided by XTB has its benefits in terms of low costs and diverse trading instruments, but it might not be suitable for all types of traders.

account types

Trading platform(s) that XTB offers

Advantages Disadvantages
Advanced charting tools Limited platform options
Customizable interface Limited mobile app features
Fast execution speed No third-party platform support
One-click trading

X-Trade Brokers (XTB) provides its clients with two main trading platforms - xStation 5 and xStation Mobile. xStation 5 is a highly advanced platform with a customizable interface and advanced charting tools. The platform also offers fast execution speeds and one-click trading functionality. On the other hand, the xStation Mobile platform offers limited features compared to the desktop version. The mobile platform lacks advanced charting tools and other important features, limiting its functionality for traders who prefer to trade on-the-go. Additionally, XTB only offers its proprietary platforms and does not support any third-party trading platforms, which could be a disadvantage for some traders.

You can watch their video tutorial about this platform on their official YouTube channel.

trading platform

Maximum leverage of XTB

Advantages Disadvantages
Allows for greater market exposure with a smaller initial investment High leverage can lead to substantial losses if not managed properly
Provides potential for higher returns Trading with high leverage increases the risk of margin calls
Enables traders to diversify their portfolio Not suitable for all types of traders, especially beginners
Allows for more flexibility in trading strategies May require higher margin requirements and affect trading profitability

XTB offers a maximum leverage of up to 1:30 which is a standard leverage amount in the industry, especially in the European Union. The maximum leverage allows traders to increase their market exposure with a smaller initial investment and has the potential to generate higher returns. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies. Moreover, it may not be suitable for all types of traders, especially beginners who may find it difficult to manage the increased risk. Overall, the maximum leverage offered by XTB can be beneficial for traders who have experience in managing risk and are comfortable with high leverage trading.

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Multiple deposit methods High fee for withdrawals smaller than specified limit
No fees for deposits Limited number of withdrawal methods
Fast deposit processing Withdrawals may take up to 3 business days
Secure transactions Minimum deposit amount not disclosed
No hidden charges

XTB offers a range of deposit methods including bank transfers, credit cards and Skrill. They do not charge any fees for deposits and process them quickly. However, withdrawals smaller than 100USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee of around 20USD/16EUR/12GBP. The number of withdrawal methods is limited, and withdrawals may take up to 3 business days. XTB ensures secure transactions and does not have any hidden charges. However, the minimum deposit amount is not disclosed.

deposit and withdrawal

Educational resources in XTB

Advantages Disadvantages
Wide range of educational resources including economic calendar, market news, articles, eBooks, and more Some resources may be basic and not useful for experienced traders
Free to access Limited interaction and personalization with educational resources
Provides opportunities for traders to improve their trading skills and knowledge No structured or formal education programs offered
Regularly updated with the latest market news and analysis No physical or in-person educational events or seminars offered
Offers a demo account for traders to practice their skills and strategies before trading with real money

XTB provides a wide range of educational resources for traders to improve their trading skills and knowledge. These resources include an economic calendar, market news, market sentiment, articles, eBooks, and more. These resources are free to access and provide opportunities for traders to improve their trading strategies and knowledge. The platform also offers a demo account for traders to practice their skills and strategies before trading with real money. While some resources may be basic and not useful for experienced traders, XTB regularly updates their resources with the latest market news and analysis. However, there are no structured or formal education programs or physical/in-person events or seminars offered, and there is limited interaction and personalization with educational resources.

educational resources

Customer service of XTB

Advantages Disadvantages
24/5 customer support No 24/7 customer support
Multiple contact options
Dedicated account opening line No live chat support
UK and Poland-based offices

XTB offers multiple customer support options, including 24/5 customer service through their UK and Poland-based offices. Clients can reach XTB's customer support team through various contact methods such as email, phone, and online messaging. Additionally, the company provides dedicated account opening lines for new clients. However, it is important to note that XTB does not offer 24/7 customer support, and phone support may be limited. Moreover, the company does not offer live chat support and email support may also be limited.

customer support

Conclusion

Overall, XTB is a well-regulated and reputable forex broker with several years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and a user-friendly trading platform with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. The customer support offered by XTB is efficient and available 24/5, and the company has a physical presence in several locations around the world. The maximum leverage offered by XTB is limited to 1:30, which may not be suitable for some high-risk traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.

Frequently asked questions about XTB

  • What are the trading instruments available at XTB?

  • Answer: XTB offers forex pairs, indices, commodities, stocks, and ETFs.

  • What type of account is available at XTB?

  • Answer: XTB only offers a standard account with a minimum deposit not revealed.

  • What is the maximum leverage offered by XTB?

  • Answer: XTB offers a maximum leverage of up to 1:30.

  • What are the deposit and withdrawal methods available at XTB?

  • Answer: XTB offers bank transfers, credit cards, and Skrill for deposits and withdrawals.

  • What are the fees associated with withdrawals at XTB?

  • Answer: Withdrawals smaller than 100 USD, 80 EUR, 60 GBP, or 12000 HUF will be charged a high fee of around 20 USD/16 EUR/12 GBP.

  • What trading platforms are available at XTB?

  • Answer: XTB offers the x Station 5 and x Station Mobile trading platforms.

  • What educational resources are available at XTB?

  • Answer: XTB provides a series of educational resources such as economic calendar, market news, market sentiment, articles, eBooks, and more.

  • Is XTB regulated?

  • Answer: XTB is under multiple regulation, including CYSEC, FCA, and CNMV.

  • Does XTB offer a demo account?

  • Answer: Yes, XTB offers demo accounts.

  • Does XTB charges commission?

  • Answer: No, XTB provides a commission-free trading.

  • What is the minimum deposit for XTB?

  • Answer: XTB requires $250 for clients t trade with it.

  • What is the difference between a demo and a live trading account?

  • Answer: A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.

  • What is the overall rating for XTB ?

  • Answer: The overall rating for XTB is 6.63/10 based on its Regulatory index, Risk Management index, Software index, Business index, License Index.

easyforex

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

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

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.

Easy Forex

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.

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

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.

Market Instruments

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.

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

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.

Spreads

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.

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.

Trading Platforms

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

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.

Trading Tools

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.

Trading Tools

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.

Trading Tools

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)

Account currencies

Easy Forex minimum deposit vs other brokers

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
Deposits
Deposits

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.

Customer Service

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.

FAQs

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.

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.

User Exposure on WikiFX

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.

Education

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)

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.

Are the transaction costs and expenses of xtb, easyforex lower?

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 xtb and easyforex are, we first considered common fees for standard accounts. On xtb, the average spread for the EUR/USD currency pair is from 0.35 pips, while on easyforex the spread is --.

Which broker between xtb, easyforex is safer?

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.

xtb is regulated by CYSEC,FCA,CNMV. easyforex is regulated by CYSEC.

Which broker between xtb, easyforex provides better trading platform?

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.

xtb provides trading platform including STANDARD and trading variety including Forex, Commodities, Indices, Stock CFDs, ETF CFDs. easyforex provides trading platform including -- and trading variety including --.

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