Easy-Forex

Trading software Easy-Forex™ Trading Platform
Trading conditions Min. deposit: $50
Leverage: you choose
Commissions: 0
Free trial: Yes
Pip Spread on Majors: variable
Address ‘1 Griva Digheni Street, Limassol, Cyprus, Cyprus Phone number: +357-828899
Residence, Regulation, and Company Management Structure

The central office of Easy-ForexTM is located on Cyprus, but there are also offices in Israel, Switzerland, Australia and Phillipines. It is stated on the site, that the company’s work is regulated by Swiss legislative organs. The company’s residence is not stated directly. No managers of the company are mentioned.

Company’s Market Position

The company is probably a broker, but it doesn’t name it’s status.

It’s liquidity partners are UBS (Switzerland) and RBS (Royal Bank of Scotland) banks.

There is no mentioning of types of accounts the company offers on the site.

The company trades spot-course currencies, currency forwards and options, gold and silver.

The minimum size of a trading deposit is $25.

Types of Services Offered

Easy forex trades 12 currencies and their crosses, including Israeli shekel and Polish zloty, gold and silver.

The size of lots is variable from 2500 to 100000 of traded currency.

Sizes of spreads depend upon size and status of an account. For VIP basic spread totals 3 pt., for mini accounts – 10 pt. What a “basic spread” is, whether it used for all currencies or not and whether exotics require another spread is not mentioned on the site.

Marginal requirements are not stated on the site.

Transfer of positions to the next day is charged a tax of 0.03% (0.01% for positions of more than $50k).

An opportunity to trade without opening a standard trading account right from a card-account is a very interesting invention of the company.

Traders Support

The site has an section, which contains educational and reference information about Forex market.

Opening a demo-account is offered.

Fundamental traders support is represented by analytical reviews, news summary by Reuters News, financial calendar, diagrams. It was impossible to evaluate these diagrams because they are available only to registered users.

Clients support is done by email and telephone line. The site has a chat, but only VIP clients have access to it.

Trading Platform

The trading platform is JAVA-based, there is no detailed description of it on the site. The company offers for those who want to learn how to work with the platform. demonstrates the most simple actions which can be done with this trading platform. Analytical potential of the platform are not described.

Site Design and Ease of Navigation Comments

The design is simple and unpretentious. It works only with Microsoft Internet Explorer 5.X, other browsers are not supported. Informational filling of different sections is uneven. Some minor questions are fully described, but the pages which are devoted to the services the company offers and terms of trade are filled with general statements which do not contain any exact information.

Conclusion

While surfing the site it’s impossible to indicate the company’s advantages and how it is different from other brokers.

It looks like the founders of the site didn’t want to give the visitor full information about the company, it’s services and terms of trade, but wanted to persuade the visitor to consult the support-team on the issues which must be clearly stated.