Search

EUROPEFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.europefx.com/#/register, about the company's legal and temporary regulatory information, the company's address 46 Ayiou Athanasiou Avenue, Floor 3 /Office 301a, 4102 Limassol, Cyprus.

EUROPEFX Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
MAXIFLEX LTD
Abbreviation
EUROPEFX
Company employee
--
Customer Service Email Address
support@europefx.com
Company Website
Company address
46 Ayiou Athanasiou Avenue, Floor 3 /Office 301a, 4102 Limassol, Cyprus
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Cyprus Straight Through Processing (STP) Revoked
High potential risk

Company profile

BASIC INFORMATION: EuropeFX offers multiple trading instruments on a choice of desktop and mobile apps. EuropeFX is owned and operated by Maxiflex Ltd, a company registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker holds an STP trade execution license. EuropeFX offers trading on over 300 forex and CFDs on the MetaTrader 4 platform as well as the brokers EuroTrader platform and FXGO! mobile app. Traders can also choose from 5 accounts offering various perks suited to both beginners and experienced traders. REGULATORY INFROMATION: LICENSE EuropeFX is registered as a Cyprus Investment Firm (CIF) and is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 258/14.. MINIMUM DEPOSIT There are 5 live account levels: Bronze, Silver, Gold, Platinum, and Premium. The accounts differ mostly in terms of the minimum deposit and access to additional features such as private trading sessions and VIP services. The recommended minimum deposit starts at €1,000 for the bronze account (though €200 is also permitted) and this goes up to €50,000 for the Premium account. MARKETS Asset classes available at EuropeFX include: · Stocks – Dozens of blue-chip stocks, including pharma and cannabis stocks · Commodities – Trade on precious metals, agriculturals, and energies · Cryptocurrencies – 6 cryptos available including Bitcoin · Forex – 50 major, minor, and exotic pairs available · Indices – 13 well-known stock indices and futures SPREAD & COMMISSIONS The broker promotes spreads as low as 0.1 pips but isnt transparent with specific spreads on their website. The contract specifications document details some trading costs, including commissions from €20 per lot for currency pairs with the bronze account, which drops to €10 per lot with higher account levels. Other fees include overnight swap fees and a 50 EUR/USD/GBP inactivity fee after 3 months of account dormancy LEVERAGE Leverage is available up to 1:30 for forex, up to 1:20 for indices, 1:5 for stocks, 1:10 for commodities, and 1:1 for cryptos. Professional traders can apply for leverage up to 1:200. Details of the margin requirements are provided in the contract specifications document. PAYMENT METHODS EuropeFX offers a number of funding methods including bank transfers, credit cards, and e-wallets. All methods are authorized by European regulators including the FCA and BaFIN. Card payments and e-wallets are processed straight away, whilst bank transfers generally take 24 – 48 hours. There are no deposit fees charged by EuropeFX. The minimum withdrawal amount allowed is 1 EUR/USD/GBP and the maximum is the available equity in your account. Withdrawal fees are 25 EUR/USD/GBP and requests take 24 hours to process on the brokers side. DEMO ACCOUNT AVAILABLE Anyone can open a risk-free demo account with EuropeFX, which credits users with €100,000 in virtual money. The demo account is a great tool for beginners who want to practice their skills in a virtual environment and test out the platforms features. The account will expire 30 days after registration. TRADING PLATFORMS · EuroTrader 2.0 · Meta Trader 4 TRADING HOURS EuropeFXs platform opening hours are 24/6, Monday to Saturday, but timings for specific instruments vary depending on the market. These can be found within the trading platforms or in the asset index on the website. All times are in GMT+2/GMT+3 DST. CUSTOMER SUPPORT There are several ways you can get in touch with EuropeFX, including the live chat service which is accessible by clicking the logo in the bottom corner of the website. You could also use the Whatsapp, Viber, or Telegram chat services, though these are only used for the submission of documents. Support is also available via: · Email – support@europefx.com · Telephone contact numbers – +357 24 022 444 (CY) / +44 870 8200 300 (UK) / +49 303 080 7676 (DE) · Address – 46 Ayiou Athanasiou Avenue, Floor 1, Office 101, 4102 Limassol, Cyprus The customer service team can assist with a range of queries, from Bitcoin rush trading to how to close and delete an account.

Rating Index

PREMIUM

Minimum Deposit
From € 50,000

PLATINUM

Minimum Deposit
From € 25,000
How to login to EUROPEFX?
europefx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a europefx Account To begin your trading journey with europefx, you first need to complete the registration process. This involves creating an account that will

  

EuropeFX Forex Broker - Complete Information Guide

  

1. Broker Overview

  EuropeFX is a trading name of Maxiflex Ltd, which was established in 2013. The broker operates its headquarters in Limassol, Cyprus, and has additional offices in Germany. As a Cyprus Investment Firm (CIF), EuropeFX is privately owned and provides a range of trading services primarily to retail clients across Europe and other regions.

  Since its inception, EuropeFX has aimed to offer a comprehensive trading experience, focusing on Forex and Contracts for Difference (CFDs). The broker has gained recognition for its user-friendly platforms and extensive educational resources, making it suitable for both novice and experienced traders. Over the years, EuropeFX has achieved significant milestones, including regulatory compliance and the introduction of various trading instruments.

  The company's business model primarily revolves around retail Forex trading and CFD services, allowing clients to trade a wide array of financial instruments. The parent company, Maxiflex, has established a reputation within the trading community, although it has faced challenges with regulatory authorities in the past.

  

2. Regulation and Compliance Information

  EuropeFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 258/14. This regulation ensures that the broker operates within the legal framework established by the European Union's Markets in Financial Instruments Directive (MiFID II), which aims to enhance transparency and protect investors.

  The broker's regulatory license allows it to provide investment services across the European Economic Area (EEA). EuropeFX adheres to strict compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to safeguard client funds and personal information.

  Client funds are held in segregated accounts, ensuring that they remain separate from the broker's operational funds. Additionally, EuropeFX is a member of the Investor Compensation Fund (ICF), which provides compensation to clients up to €20,000 in case the broker is unable to meet its financial obligations.

  

3. Trading Products and Services

  EuropeFX offers a diverse range of trading products, including over 50 Forex currency pairs, major indices, commodities, stocks, and cryptocurrencies. The broker provides trading in various asset classes, allowing clients to diversify their portfolios effectively.

  The available CFDs cover a wide spectrum, including indices like the S&P 500, FTSE 100, and Nikkei 225, alongside commodities such as gold, oil, and various agricultural products. However, the selection of cryptocurrencies is more limited, focusing on major assets like Bitcoin, Ethereum, and Litecoin.

  For those interested in retail trading services, EuropeFX provides direct access to the markets, while institutional clients may find tailored solutions to meet their specific trading needs. The broker is committed to updating its product offerings regularly to adapt to market trends and client demands.

  

4. Trading Platforms and Technology

  EuropeFX supports the widely popular MetaTrader 4 (MT4) platform, known for its robust trading tools and user-friendly interface. In addition to MT4, the broker offers its proprietary Eurotrader 2.0 platform, which is web-based and designed for efficient trading without the need for software downloads.

  The broker also provides a mobile trading app, EFX Go, available for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The execution model used by EuropeFX is Straight Through Processing (STP), ensuring quick order execution without dealer intervention.

  The broker's technical infrastructure includes advanced security measures, such as SSL encryption and two-factor authentication, to protect client data and transactions. Additionally, EuropeFX offers API access for automated trading, catering to algorithmic traders seeking to implement their strategies seamlessly.

  

5. Account Types and Trading Conditions

  EuropeFX offers five distinct account types: Bronze, Silver, Gold, Platinum, and Premium. Each account type comes with varying features and benefits, tailored to different trading needs.

  • Bronze Account: Minimum deposit of €1,000, variable spreads, and a commission structure starting at €20 per lot.
  • Silver Account: Requires a deposit of €2,500, offering additional features like access to trading signals.
  • Gold Account: Minimum deposit of €10,000, with reduced commissions and enhanced trading tools.
  • Platinum Account: Requires a deposit of €25,000, providing premium features and services.
  • Premium Account: Minimum deposit of €50,000, offering the highest level of benefits and support.

  The leverage offered varies by account type and asset class, with a maximum of 1:30 for retail clients and up to 1:200 for professional traders. The minimum trade size is 0.01 lots, and overnight fees apply based on the positions held.

  

6. Fund Management

  EuropeFX provides a variety of deposit and withdrawal methods, including bank transfers, credit cards (Visa and Mastercard), and e-wallets like Skrill and Neteller. The minimum deposit requirement to open an account is €200, although higher amounts are recommended for certain account types.

  Deposits are generally processed quickly, with no broker-imposed fees. However, withdrawal requests may incur a fee of €25 per transaction, and processing times can range from 1 to 5 business days, depending on the method used. The broker emphasizes the importance of using the same payment method for withdrawals as was used for deposits to avoid additional charges.

  

7. Customer Support and Educational Resources

  EuropeFX offers multiple customer support channels, including email, live chat, and a comprehensive FAQ section. The support team is available during business hours, providing assistance to clients in various languages, including English, German, and Italian.

  The broker is committed to trader education, offering a range of resources such as webinars, tutorials, and a trading glossary. Clients also have access to market analysis services, including daily updates and research reports, which help traders make informed decisions.

  

8. Regional Coverage and Restrictions

  EuropeFX primarily serves clients in Europe and has a presence in several countries, including Germany, Austria, Sweden, and Finland. However, the broker does not accept clients from certain jurisdictions, including the United Kingdom, the United States, Canada, and several other countries due to regulatory restrictions.

  The broker's operations are supported by a network of regional offices, ensuring that clients receive localized support and services tailored to their specific markets. However, potential clients should be aware of the restrictions and ensure eligibility before attempting to open an account.

  In conclusion, EuropeFX broker presents a comprehensive trading platform with a wide range of services and regulatory oversight. While it offers various trading instruments and robust support, potential clients should carefully consider their trading needs and the associated risks before engaging with the broker.

EUROPEFX Similar Brokers

Unverified
Togo
No license plate
1.57
Score
Unverified
Milton
Milton Forex Broker - Complete Information Guide   1. Broker Overview   Milton M
1.57
Score
Revoked
Heritage Bank
Heritage Bank Forex Broker - Complete Information Guide   1. Overview of the Bro
1.57
Score
Futura
Futura Forex Broker - Comprehensive Information Guide   1. Broker Overview   Fut
1.57
Score
Over-Operation
Northern Trust
Northern Trust Forex Broker - Complete Information Guide   1. Broker Overview
1.57
Score
Unverified
HPI
No license plate
1.57
Score
Regulated
MIZUHO
Mizuho Forex Broker - Complete Information Guide   1. Broker Overview   Mizuho,
6.60
Score
Unverified
TFI
TFI Forex Broker - Complete Information Guide   1. Broker Overview   TFI Markets
1.57
Score
1.65
Score
Offshore Regulated
Bullwaves
Bullwaves Forex Broker - Complete Information Guide   1. Broker Overview   Bullw
5.42
Score
Offshore Regulated
Seekapa
Having a license
4.62
Score
Over-Operation
BroJets
No license plate
2.35
Score
1.64
Score
1.66
Score
1.85
Score
Over-Operation
GinFi
Ginfi Forex Broker - Complete Information Guide   1. Broker Overview   Ginfi, of
4.05
Score
Offshore Regulated
ZXCM
Having a license
5.25
Score
1.39
Score
2.15
Score
Regulated
BCM
Having a license
1.64
Score
Regulated
Antos Pinnacles
2.21
Score
1.88
Score
Unverified
CLY FOREX
No license plate
1.59
Score
Offshore Regulated
Valetax
Valetax Forex Broker - Complete Information Guide   1. Broker Overview   Valetax
4.90
Score
Regulated
AGBK Broker
Having a license
4.76
Score
Regulated
INVEXIA
Having a license
5.83
Score
1.74
Score
Unverified
ATM Capital Ltd
ATM Capital Pro Forex Broker - Complete Information Guide   1. Broker Overview
1.90
Score
Regulated
Golden Group
7.62
Score
Regulated
WorldQuest FX
5.03
Score

Latest Reviews

FX3768658301

FX3768658301

Indonesia

I can't register because the content of this website is not interesting

Exposure

2021-04-26

EUROPEFX Forex Broker has an overall rating of 1.57, Regulatory Index 0.00, License Index 0.00, Business Index 7.46, Software Index 4.00 Risk Control Index 0.00.