ezifx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.ezifx.com/, about the company's legal and temporary regulatory information, the company's address Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia.
ezifx Forex Broker
Basic information
Saint Lucia
1-2 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
ezifx started its brokerage business in 2019 registered in Saint Lucia while operates in the United Arab Emirates. It offers over 1500 market instruments for trading and 24/7 customer support. Implementation of segregated funds, negative balance protection and encryption techniques enhances protection of customer property.
Apart from demo accounts and three tiered live accounts, the broker also provides access to Islamic account for those who need to comply to Sharia laws. The MT5 trading platform ensures smooth and intuitive trading experience for traders.
However, the company currently operates without regulation from any authorities, to some extent degrades its credibility and reliability.
Pros and Cons
| Pros | Cons |
| Segregated funds and negative balance protection | Unregulated status |
| Wide selection of investment choices | Regional restrictions |
| Demo and Islamic accounts offered | |
| Tiered accounts | |
| Commission-free accounts offered | |
| Flexible leverage ratios | |
| Support MT5 | |
| Social/copy trading available | |
| Popular payment options | |
| Affordable minimum deposit | |
| No fees for deposits and withdrawals | |
| 24/7 support | |
| Multiple contact channels |
Is ezifx Legit?
No, ezifx is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
What Can I Trade on ezifx?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Agriculture | ✔ |
| Energies | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Ezifx offers three different types of accounts in both live and demo accounts. And it also provides Islamic accounts.
| Account Type | Min Deposit |
| ECN | $5,000 |
| Prime | $1,000 |
| Pro | $50 |
Leverage
Ezifx offers leverage up to 1:1000, which can potentially bring high returns, but it also comes with high risks.
| Account Type | Max Leverage |
| ECN | 1:1000 |
| Prime | 1:500 |
| Pro | 1:500 |
Spread and Commission
Keeping an eye on trading fees matters since they have direct impact on your profit margins. The more fees you pay, the more they eat on your returns. With ezifx, the fees depend on the account types.
| Account Type | Starting Spread | Commission |
|---|---|---|
| ECN | 0.2 pips | $7 |
| Prime | 1.2 pips | ❌ |
| Pro | 1.6 pips | ❌ |
Trading Platform
Ezifx uses MT5 as its trading platform.MT5 is developed by MetaQuotes Software Corp. This company has rich experience in the field of financial trading software. MT5 is a product upgraded and expanded on the basis of the success of MT4 (MetaTrader 4), aiming to provide more advanced and flexible trading solutions for global investors and financial institutions.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Android, iOS, Windows | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Ezifx does not charge fees for deposits and withdrawals. The minimum deposit is $50. It supports payment methods including Bitcoin, NETELLER, Perfect Money, MasterCard, VISA, and Bank Transfer.
Rating Index
Pro
Prime
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