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Easy Forex Broker Review

by forex on April 17, 2009

About Easy Forex Broker

easy-forex-logoEasy Forex is a Cyprus-based forex trading company, which focuses on making deals easier especially for new forex traders.  To start things off, they have a customized browser-based simulator, which is simple to use. Rates are up-to-date, and freezing the rates just takes a few seconds. Rare commodity trading like oil is also allowed.

They do have online customer support (chat only), but it is hard to see on their new website, and it has limited operation hours Monday-Friday 6:00am-4:00pm GMT. However, they do have numerous offices that can take calls from the different (and more forex trade active) countries, but they are not toll-free. If you’re from London, Neudoerfl, Warsaw, Tel Aviv, Sydney, Melbourne, Manila, Auckland or Palestine, then you can call them without worrying about extravagant bills.

Basic Broker Details

Site http://www.easy-forex.com
Country of Origin Cyprus
Accepted Deposit Modes Bank wire, any major credit card, PayPal
Withdrawal Method Bank wire
Leverage 1:100
Regulation Body NFA (National Futures Association) ID #0358754
Spread 3 pips (EURO or USD)
Minimum Account Requirement $100

Pros of Easy-Forex Forex Review

*Allows PayPal

*Easy to use trading software (take note, they use JAVA, which is also vulnerable to hacking)

*Oil for trading

Cons of Easy-Forex Forex Review

*High spreads

*MetaTrader 4 not allowed

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