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Rating Index
Pros
Wide range of trading assets available, including currencies, commodities, and metals.
Low minimum deposit requirement of $25, making it accessible for beginner traders.
Supports popular trading platforms like MT4, providing a familiar environment for traders.
Cons
Higher spreads compared to some competitors, which may affect profitability.
Limited payment methods available for deposits and withdrawals.
Regulatory concerns due to its classification as a market maker, which may pose risks for some traders.
Easy Forex broker Accounts
EasyForex Account Type
EasyForex offers several types of trading accounts to cater to different trading needs and preferences. The main account types include:
- Standard Account
- Minimum Deposit: $25
- Leverage: Up to 1:400
- Spread Type: Fixed spreads starting from 3 pips on major currency pairs.
- Minimum Position Size: 0.05 lots.
- Trading Platforms: MetaTrader 4 (MT4), Web Trading, and mobile applications for iOS and Android.
- Trading Instruments: Access to over 175 products including forex, commodities, options, and metals.
- Premium Account
- Minimum Deposit: $2,000
- Leverage: Up to 1:400
- Spread Type: More competitive spreads compared to the standard account.
- Additional Features: Enhanced trading tools and personalized customer support.
- VIP Account
- Minimum Deposit: $20,000
- Leverage: Up to 1:400
- Spread Type: Best spreads available.
- Additional Features: Dedicated account manager and exclusive trading benefits.
- Islamic Account
- Complies with Sharia Law: No overnight interest (swaps) charged or paid.
- Trading Conditions: Similar to standard accounts but with swap-free features.
- Choose Your Account Type:
- Select from the available account types (Standard, Premium, VIP, or Islamic) based on your trading preferences and capital.
- Complete the Application Form:
- Visit the EasyForex website and fill out the online application form, providing personal information such as:
- Full name
- Date of birth
- Contact details
- Employment status
- Financial information
- Verify Your Identity:
- Upload required documents for identity verification, including:
- A government-issued ID (passport or drivers license)
- Proof of address (utility bill or bank statement).
- Fund Your Trading Account:
- Deposit funds using various payment methods such as bank transfers, credit/debit cards, or electronic payment systems like PayPal. The minimum deposit varies by account type.
- Download and Set Up the Trading Platform:
- Download the chosen trading platform (MT4 or web-based) and install it on your device. Log in using the credentials provided after your account is approved.
- Start Trading:
- Once your account is funded and the platform is set up, you can begin trading in the forex market.
EasyForex Broker Account Opening Process
Opening an account with EasyForex is a straightforward process, consisting of the following steps:
For more detailed information, you can visit EasyForex's official site.
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Easy Forex accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .