- Organized website layout
- Offers a demo account
- Offers more than 300 instruments for investors to choose
- Provides 24/7 support in multiple languages and can be contacted through Viber or WhatsApp
- Transparency in risks of crypto trading
- Offers an amazing set of educational tools
- Offers one promotion
- CySEC regulated broker
- Provides complete information on numerous account types
- EuropeFX Mobile app is not available
- Not supported with PayPal
- Sign process directly is time-consuming
As you already have read reviews about several different brokers at our platform. You must know the importance of quality review, especially when it comes to financial matters.
This time, let’s discuss EuropeFX review. Here we will try to cover every aspect of the broker, which is essential for you to have insights about.
In 2013, EuropeFX was founded as a new broker. Still, it somehow managed to grab the certificate of trust and confidence from both novice and expert Forex and CFD traders from all around the world. An advanced brokerage firm, EuropeFX utilizes the STP (Straight Through Processing) business model.
It successfully makes sure that no conflict of interest with trades of clients exists. A Customer-centered trading environment is also created successfully along with prominent features. Besides, these features designed to make sure your investment gets successful and lower the risks.
As a beloved broker of Europe, does this platform live up to its own billing? Let us dig into even more in EuropeFX review.
To make money, Investors trade Forex, cryptocurrencies, and CFDs.
Before you get started with the online trading world, the easiest way to lose hard money is through collaborating with an unregulated broker. With entire satisfaction, you can work, and one should not have such worries with EuropeFX.
Maxiflex Global Investments Corp Limited is a brand for EuropeFX. Other than that, CySEC (The Cyprus Securities and Exchange Commission) also regulates it, and it is licensed by a CIF (Cyprus Investment Firm).
The Investor Compensation Fund (ICF) and the company are partners. The Markets in Financial Instruments Directive (MiFID II) also complies with the EuropeFX. To boost monetary clarity as well as offering excellent consumer safety in investment services are the main intentions.
Moreover, EuropeFX review also shows that it has conquered regulation from numerous supervisory bodies to CySEC.
The supervisory bodies include FMA of Australia, FSA of Finland, REGAFI of France, CNMV of Spain, FSA of Denmark, AFM of Netherland, CONSOB of Italy, FCA of Britain, BaFin of Germany, and FSA of Sweden.
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Is EuropeFX Scam or Legit?
Obviously, with substantial regulations of such type, EuropeFX considered one of the trustworthy financial brokerage firms in the industry.
Regulation shows that separate bank accounts hold trader funds. They are totally different from the operating capital accounts of the broker.
Similarly, it also indicates that the broker is willing to check random platforms with regulators to ensure that they connect to reasonable guidelines of pricing.
Besides, it provides fair and translucent price quotes at all times. It will make sure for you to provide adequate treatment in case of any conflict that arises between you and EuropeFX.
An independent supervisory body provides action that has been given consent to defend the interests of investors.
With utmost regulation, EuropeFX review of any scam must be ignored. Just because of the leading broker approach that proved itself trustworthy and providing a safe and comprehensive trading environment. To experience a leading broker, you must take this responsibility to visit the EuropeFX website.
These are the Account Types of EuropeFX
Overall, five account types are there at EuropeFX;
All of them created appropriately to make sure traders have the utmost value for their asset amount.
In spite of your account type, the minimum deposit amount is $200, and you can experience unlimited 24-hour support, a free demo account, STP orders. As well as access to each trading platform and their comprehensive educational center.
In each account, extra services and features are still there, for instance, access to EuropeFX investments, one to one training sessions, case studies, and live data. Other than that, VIP services are also there. Such as unique trading tools, as well as up to date market knowledge.
Here you will find the Trading Conditions of EuropeFX
Minimum Initial Deposit
According to EuropeFX review, the minimum deposit set at €200. Well, it may not look like lots of money; several brokers can even get ready to accept smaller clients. For instance, at IG, the FCA regulated industry leaders don’t require a minimum deposit. You can open an account with them for as low as you want to.
In that case, you should not consider the minimum deposit level as a significant factor while comparing Forex brokers. But the regulatory status is really an essential factor.
Average Spreads & Commissions
According to the EuropeFX review, the exact spreads are slightly a mystery. Though the website of the company claims to provide 1.2 – 1.4 pips on average, the testing revealed a strange fact.
Spreads ranging from 0.1 to 0.4 pips on EUR/USD are even lower; however, there was $20 commission per lot on top of that. A useful 2 pips are the worth of alone commission.
On the other hand, the company has announced spreads that are competitive with the present condition of the industry. It is not confirmed to say what spread a client would receive actually; however, the simple fact here is a difference between the two seems unreliable.
In the case of leverage, EuropeFX offers with a ratio of 1:200 at the maximum point. Well, it is really a high-level ratio and able to serve trading strategies that include risk management.
Brokers, who claim 1:500 or more, may not provide such offers. With higher leverage, you cannot balance trading conditions.
It only makes you able to have more risks with the same amount of capital. For the risk finders, it may be appealing. However, you must be careful because extra leverage is one of the leading bases to lose money in the Forex market.
These Are the Trading Platform Available on EuropeFX
In the world of Forex trading, trading platforms are your portal. A standard trading platform makes you able to open or close trades as well as apply fundamental technical analysis on your preferred financial assets.
You will not see anything average about the robust trading platforms of EuropeFX, as it is not your conventional broker. Several powerful platforms are available such as;
- MT4 Mac Terminal
- MT4 Windows Terminal
- Euro Trader
- MT4 Web Terminal
- MT4 iPad and iPhone Trader
- MT4 Android Trader
All these platforms make the investors able to trade every type of financial assets ranging from stocks, currency pairs, and commodities to indices as well as for cryptocurrencies.
You can open trade on your PC or Mac because each platform has flawless functionality. Later on, you can track it or close it on your mobile device at your own expediency.
MT4 Web and Desktop Platforms
According to EuropeFX review, all of the MT4 Web and Desktop platforms, along with TradeWorks, allows incorporated algorithmic trading to help traders apply their mechanical strategies in the market. With multiple liquidity providers, EuropeFX gets affiliated and ensures that live interbank prices in the real-time stream its platforms.
Moreover, the best order of execution is also guaranteed at all times. When it comes to orders, EuropeFX makes the investors able to trade with their desired financial assets in several innovative ways.
All it requires is just to protect the capital, along with boosting its profitability. Other than Spot Buy and Sell Orders, the Limit and Stop orders exist as well.
These tools are helping traders limiting their capital risk exposure. There are trailing and direct stops available while trading. The EuropeFX STP execution also represents, as no conflict of interest exists with trades of clients.
STP brokers earn from activity as compared to get from betting against other traders. Plenty of features are present for EuropeFX platforms to assist traders in applying analysis on the assets of trading.
Traders are allowed to select their price charts in line, candlestick forms, or bar to see.
On all their platforms, plenty of sentimental, fundamental, and technical analysis tools are there. These tools help traders to pick out quality trade entries that exist in the market.
Also, now EuropeFX is incorporated with mirror trading, which is powered by Tradency. It enables the traders to trail and copy the excellent strategies and signals from all the available providers on the system.
All the trading platforms of EuropeFX are indeed state of the art. Without spending a single dime on the line, you can try all of the platforms by signing up for their free demo account first.
Here you will find the Trading Resources offered by EuropeFX
In this modern era and dynamic industry, including survival, Forex, let alone success, can deliver guarantee only through constant education and the proper use of handy tools.
About the STP Execution
According to EuropeFX review, it realizes this need, and as an STP broker, it demands permanence and reliability to success. It is the reason behind taking a unique approach to educating their traders.
On their official website, a comprehensive and frequently updated education center with the material seems helpful for all traders.
Well, several eBooks and video clips, as well as planned webinars and seminars are also available for traders. All these resources help the traders to get an exclusive opportunity of deriving from a wide range of knowledge and practice to become expert traders.
Trading central and EuropeFX are integrated. Well, Trading Central is the primary provider of technical strategies in all over the world. It helps traders to identify, validate, and provide the leading opportunities in the trading market.
In investment analysis, Trading Central is the leader, and the partnership with EuropeFX assists traders in expanding their knowledge about the market. Besides extensive market knowledge, it stays entirely in charge of their trading activity.
Economic Calendar Tool
Other than that, EuropeFX review shows that it also provides the Economic Calendar tool. With the help of this tool, traders can track news releases, political and economic events that may have an effect on the prices of their preferred financial assets.
In the Forex market, the news considered as the primary catalyst of ups and downs in the prices.
It is released on a particular trading day, the EuropeFX Economic Calendar tool profiles the most important news and events.
On all of the platforms, EuropeFX has a signal widget integrated as well as streaming the top trading signals with numerous assets on the platforms. With precise instructions about executing the signs, they get to deliver briefly and accurately.
For more details and analysis, traders are allowed to click on the signal tab, where they can see the detailed charts along with the technical and fundamental logic of their delivery.
The entire business model of EuropeFX has built around transparency. It expands the banking methods, where the guiding principle is Client Fund Security.
Through the Level 1 PCI international payment service, all the payments are managed. With the help of advanced 128 SSL encryption, all the transactions are processed on the platform of EuropeFX.
The latest encryption is just because of making the confidentiality of the client’s data guaranteed. With this safe and secure payment procedure, traders can fund or withdraw from their accounts without having any trouble or hesitation.
A variety of convenient methods seem to use to process deposits and withdrawals at EuropeFX. These methods include Visa, bank transfer, Skrill, iDeal, MasterCard, SoFort, TrustPay, SafePay, GiroPay, and Przelewy24.
Within a few minutes of a successful deposit, traders can start trading (in some cases, it depends upon the method). On the other hand, within 24 hours of the request, all of the withdrawals processed successfully. Another plus point of EuropeFX is that it never charges its clients on deposits or withdrawals from the trading accounts.
For online traders, EuropeFX was made to provide the best trading experience. A personal Relationship Manager assigned instantly to all the new traders, once they sign up with the broker.
In case if you need the Manager, he will be a phone call away. An inclusive ‘FAQ’ page is also available on the official website for your convenience to find the answers to the common questions that may arise in your mind.
You can speak directly to the staff members every time you want. They are available 24 hours through phone, email, or even live chat.
EuropeFX has polite, friendly, and professional staff members.
People often believe in the EuropeFX scam news, and they don't bother to read EuropeFX review. EuropeFX review shows that it is a properly regulated Forex broker.
As you read in the regulation section, CySEC regulated this broker. I would say that it is a problem-free broker in terms of trustworthiness.
EuropeFX scam news is just rumors, and if someone says it because others are saying, then it does not apply here. The broker provides more translucent data regarding trading conditions and, more specifically, about spreads. Due to the ESMA rules, the leverage ratio is highly low at the same time.
If you are a beginner trader, then you can get 1:30 leverage.
Once you have all these reasons, you can make your mind up whether EuropeFX scam news is fake or real. Whether you should choose this broker for trading or not, it is highly up to you.
To sum up the EuropeFX review, we can say that it is a multi-regulated broker. It also delivers compelling trading offers that can fit the advanced traders.
Undoubtedly, EuropeFX has made clear all the rounds for a trader, with the help of excellent client support, reliable payment methods, extensive and useful trading tools, inclusive education center, and the STP execution.
A trader finds a reliable brokerage partner that assists in a successful trading career. Happy trading!