EuropeFX Review, Pros & Cons
EuropeFX is a regulated buying and selling dealer that gives Forex & CFDs on Equity Indexes, Stocks, Commodities & Cryptocurrency through a number of buying and selling platforms together with MT4, EuroTrader 2.0 & eFXGO. The dealer has aggressive buying and selling situations together with tight spreads, low commissions & quick execution speeds, together with helpful buying and selling instruments & 24/5 assist.
In this detailed EuropeFX evaluate, our on-line dealer analysis workforce have coated a number of the most vital facets so that you can contemplate when selecting the very best dealer in your on-line buying and selling wants.
Established in Cyprus in 2014, EuropeFX is a regulated on-line dealer that gives buying and selling providers in foreign exchange and CFDs on fairness indexes, shares, commodities, and cryptocurrency by their a number of buying and selling platforms that embrace varied MT4 purposes, EuroTrader 2.0, and eFXGO. They supply aggressive spreads and commissions, straight by processing (STP) execution, buying and selling instruments, instructional supplies, varied account sorts, a number of funding choices together with unfavorable stability safety.
EuropeFX is an internet brokerage model operated by MAXIFLEX LTD, with workplaces in Cyprus and Germany. They supply a variety of foreign exchange and CFD buying and selling devices, together with foreign money pairs, commodities, fairness indexes, shares, and cryptocurrency.
EuropeFX Broker Features
The dealer offers their purchasers with a collection of intuitive and user-friendly buying and selling platforms, together with EuroTrader 2.0, eFXGO, and totally different purposes of the favored MetaTrader 4 (MT4) platform – with desktop, internet and cell terminals. The dealer presents comparatively low fee and tight spreads, STP executions, unfavorable stability safety, and segregated financial institution accounts for purchasers’ funds, with a minimal $200 deposit requirement.
The model title, EuropeFX, is owned and operated by MAXIFLEX LTD, which is registered as a Cyprus Investment Firm (CIF) with the registration quantity HE327484 and licensed by the Cyprus Securities and Exchange Commission (CySEC) underneath license quantity 258/14.
EuropeFX complies with the Markets in Financial Instruments Directive (MiFID II). MiFID II offers a harmonised regulatory atmosphere for funding providers throughout the European Economic Area (EEA). The essential goals of the MiFID II Directive are to reinforce monetary transparency, improve competitors, and supply better client safety in funding providers.
EuropeFX, being a Cyprus Investment Firm (CIF), is a member of the Investor Compensation Funds (ICF), so every eligble consumer’s funds are insured to the tone €20,000, in case the dealer goes bankrupt. The dealer retains purchasers’ funds in segregated accounts in prime European banks, which signifies that the dealer shouldn’t use them in operating their day-to-day operations.
EuropeFX offers their providers to residents of the European Union, in addition to purchasers from different elements of the world — the home laws of a consumer’s resident nation don’t prohibit operation. However, the dealer states that they don’t supply their providers to residents of the US, Iran, Cuba, Crimea, Sudan, Syria, New Zealand, North Korea, United Kingdom, in addition to another further jurisdictions.
Some EuropeFX dealer options and merchandise talked about inside this EuropeFX evaluate might not be out there to merchants from particular international locations as a consequence of authorized restrictions.
MetaTrader 4 Platform
MetaTrader 4 is arguably essentially the most extensively used buying and selling platform on the planet. It comes with a whole lot of superior buying and selling options, an intuitive user-friendly interface, and a formidable array of analytical instruments with as much as 9 time-frames out there for every of the belongings supported on the platform.
At EuropeFX, MetaTrader 4 is accessible within the following types:
- Installable desktop software
- Mobile app for iOS and Android units
- Non-installable browser-based internet platform
EuropeFX MT4 Trading Terminals
The dealer additionally makes out there to their purchasers the newest model of EuroTrader, which is a web-based buying and selling platform that’s gentle on useful resource use however comes filled with all of the options merchants need of their foreign exchange and CFD buying and selling platforms. It helps foreign exchange, indices, commodities, shares, and cryptocurrency buying and selling. Other options embrace customizable indicators, a number of chart sorts, and one-click buying and selling.
EuropeFX EuroTrader 2.0
EuropeFX additionally offers an alternative choice to the MT4 cell buying and selling platform and known as eFXGO!. It presents real-time market information, together with pricing and charts, and syncs immediately together with your account ‘Client Area’, making account administration simple.
With the dealer’s new cell buying and selling app, you possibly can open and shut positions, entry dwell foreign money charges, and handle your buying and selling accounts.
EuropeFX Trading Tools
EuropeFX offers their purchasers with MirrorTrader, a device developed by Tradency to allow merchants to reflect or copy trades from chosen technique builders into their very own buying and selling accounts. There are not any ensures on the efficiency when copying alerts from different merchants.
This is a buying and selling robotic developed by Tradency, which is accessible to EuropeFX merchants. The robotic’s algorithm makes use of packages of good buying and selling methods, personalized to your buying and selling model and threat administration methods. There are not any ensures on the efficiency when utilizing this robotic and it’s best to have a transparent understanding of the numerous dangers concerned with buying and selling on-line.
Trading Central is a well-liked technical evaluation and sign supplier. EuropeFX makes it simple for his or her purchasers to subscribe to Trading Central and profit from their well timed market evaluation.
EuropeFX Trading Central
EuropeFX provides to their dealer device, a sign streaming widget from the leaders in superior buying and selling supplies for monetary merchandise — Trader’s Education and Trading Central. There are alerts for many devices supplied by the dealer, and so they typically include chart evaluation.
EuropeFX purchasers get entry to the inventory evaluation widgets from TipRanks. Being one of many main aggregators of huge information, TipRanks makes a speciality of presenting complicated monetary info in a simplified, actionable format. The EuropeFX integration provides the inventory widgets from TipRanks immediately into their dealer’s consumer space for simple entry.
Economic Calendar & Market News
The dealer additionally offers an financial calendar, which retains merchants abreast of the scheduled occasions within the monetary markets, in addition to real-time market information.
EuropeFX have a beneficiant collection of instructional assets that can be utilized to assist purchasers enhance their buying and selling abilities and data. This helps to point out that the dealer encourages knowledgeable buying and selling selections.
The dealer has numerous video programs on their web site. Some of the important subjects about foreign currency trading, market evaluation, technical indicators, and buying and selling methods are coated within the video programs.
EuropeFX Video Academy EuropeFX
EuropeFX’s analysts typically manage day by day webinars to enhance their purchasers’ data of buying and selling methods and methods, whereas protecting them updated with the newest market information from all over the world. The weekly schedule of the webinars are on their web site.
Trading Blog & Market Review
EuropeFX have a buying and selling weblog that’s incessantly up to date with the newest market information and critiques. It consists of detailed articles that cowl the worldwide markets. This generally is a helpful useful resource as a part of conducting basic evaluation.
EuropeFX presents greater than 100 devices unfold throughout foreign exchange, indices, commodities, shares, and cryptocurrency.
- Forex: The dealer presents each the most important, minor, and unique FX foreign money pairs.
- Stocks: EuropeFX presents CFDs on lots of the most extremely traded blue-chip shares from markets all over the world. They additionally supply CFD buying and selling in hashish shares.
- Indices: EuropeFX presents entry to a various vary of indices, such because the FTSE-100, Standard & Poor’s 500 (S&P 500), Dow Jones Industrial Index (DJIA), Japanese Nikkei 225 (NI225), and others.
- Commodities: With this dealer, you possibly can commerce CFDs on totally different commodities, together with treasured metals and energies.
- Cryptocurrency: EuropeFX presents CFD buying and selling in Bitcoin, Ethereum, Litecoin, Ripple, and Dashcoin towards the USD.
EuropeFX Accounts & Fees
EuropeFX supply a collection of buying and selling account sorts to swimsuit the wants of various merchants. Whilst buying and selling is accessible from deposits of €200, the Bronze account deposit advisable by the dealer is €1,000. Each account kind consists of:
- Online Chat Support
- Demo Account
- Segregated Bank account
- STP / No Dealing Desk
- Access to all Trading Platforms
- Maximum Leverage 1:30
- Professional Account Leverage 1:300
- Stop Out Level 50%
- Access to Online Education Center
- Variable Spread 0.1 pip
EuropeFX supply 5 fundamental buying and selling account sorts:
- Bronze: Minimum deposit of €1,000, variable unfold ranging from 0.1 pip, cease out degree at 50%, and most leverage of 1:30.
- Silver: Minimum deposit of €2,500, variable unfold ranging from 0.1 pip, 1;30 most leverage, and cease out degree at 50%.
- Gold: Minimum deposit of €10,000, variable unfold ranging from 0.1 pip, cease out degree at 50%, most leverage of 1:30, and as much as 10% low cost in buying and selling fee.
- Platinum: Minimum deposit of €25,000, most leverage of 1:30, variable unfold from 0.1 pip, cease out degree at 50%, and as much as 25% low cost in buying and selling fee.
- Premium: Only for skilled merchants, Minimum deposit of €50,000, as much as 1:300 leverage, variable unfold from 0.1 pip, sand as much as 50% low cost in buying and selling fee.
EuropeFX Account Types
EuropeFX offers multilingual buyer assist providers through a number of channels, similar to on-line type, phone, on-line chat, Whatsapp, Viber, and Telegram. The buyer assist service is accessible to supply merchants with the mandatory assist all by the buying and selling hours. There are each German and Cyprus cellphone numbers on their web site.
EuropeFX Deposit & Withdrawal
EuropeFX accepts many fee strategies for funds deposit and withdrawal. While the dealer doesn’t cost for deposits, your monetary service supplier could cost some charges. For all of the withdrawal strategies, there’s a 25 EUR/USD/GBP cost.
Here are the fee strategies you possibly can select from when making a deposit or withdrawal:
- Bank Transfer: Deposit foreign money is USD, EUR, or GBP, and there’s no most quantity you possibly can transact.
- Credit/Debit Card: The dealer accepts solely MasterCard and Visa playing cards, and the utmost transaction is USD 50,000.
- Online wallets: The dealer accepts Skrill, iDEAL, SafetyPay, SoFort, Giropay, TrustPay, Euteller, and Przelewy24. The most transaction for SoFort and Euteller is USD 10,000, whereas for iDEAL and Skrill, it’s USD 50,000. Others don’t have any most transaction restrict.
Some charges could also be charged when utilizing sure fee strategies. Withdrawal requests are processed throughout the similar day or subsequent if exterior working hours. The withdrawal time can fluctuate relying on the fee supplier and methodology. Bank transfers could take just a few enterprise days to clear while some strategies might be immediate.
Some fee methods could have transaction limits, restrictions, and necessities that are indicated on their respective web sites. You could must confirm your account to take away limits on explicit strategies in some international locations. EuropeFX strictly doesn’t settle for third-party funds. All funds deposited into your buying and selling account should be underneath the identical title as your EuropeFX buying and selling account.
Accounts might be opened USD, EUR, GBP. The totally different foreign money choices are helpful as foreign money conversion charges don’t apply when utilizing an account in your individual foreign money.
As dealer charges can fluctuate and alter, there could also be further charges that aren’t listed on this EuropeFX evaluate. It is crucial to make sure that you verify and perceive all the newest info earlier than you open a EuropeFX dealer account for on-line buying and selling.
EuropeFX Account Opening
It is straightforward to start out buying and selling with EuropeFX. All that’s required is to observe the 4 simple steps:
EuropeFX Account Opening Process
To register, click on on the ‘Open Account’ button on the highest left nook of the dealer’s homepage and fill the shape that’s displayed.
EuropeFX Account Registration Form
You can be requested to confirm your electronic mail and add your KYC paperwork, which embrace your technique of identification and a proof of handle. Verifying your KYC paperwork could take some time, however as soon as it’s finished, you possibly can fund your account and begin buying and selling. It is crucial that you just learn and clearly perceive all the brokers phrases and situations earlier than you open a buying and selling account.
EuropeFX is an internet foreign exchange and CFD dealer that gives buying and selling in a number of foreign money pairs, fairness indices, commodities, shares, and cryptocurrency. They have a wide range of account sorts, deposit/withdrawal strategies and supply merchants with MT4 desktop, internet, and cell purposes, in addition to the EuroTrader 2.0 and eFXGO! platforms.
The dealer presents aggressive spreads, quick STP execution, unfavorable stability safety and offers merchants with a number of buying and selling instruments, similar to MirrorTrader, RoboX, Trading Central, TipRanks and Signal widgets. There can be a wide selection of instructional supplies out there on the brokers web site.
CFDs are complicated devices and include a excessive threat of dropping cash quickly as a consequence of leverage. 78.94% of retail investor accounts lose cash when buying and selling CFDs with this supplier. You ought to contemplate whether or not you perceive how CFDs work and whether or not you possibly can afford to take the excessive threat of dropping your cash.