ezifx Forex Broker

ezifxReview SummaryFounded2019Registered Country/RegionSaint LuciaRegulationUnregulatedMarket Instruments1,500+, Forex, Indices, Agriculture, Energies, Commodities, MetalsDemo Account✅Islamic Account✅LeverageUp to 1:1000SpreadFrom 0.2 pipsTrading PlatformMetaTrader 5Social/Copy Trading✅Min Deposit$50Customer Support24/7 supportContact formTel: +44 79 3842 8797Email: support@ezifx.com, info@ezifx.comTwitter, Instagram, WhatsApp, Telegram, Facebook, LinkedIn, YouTubeRegistered Office: Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint LuciaOperation Office: Sabha Build, Jabel Ali Industrial Area – Jabel Ali Industrial First, Dubai, United Arab EmiratesRegional RestrictionsThe United States of America, Canada, Israel, North Korea, Iran and Saint Lucia 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 ConsPros Cons Segregated funds and negative balance protectionUnregulated statusWide selection of investment choicesRegional restrictionsDemo and Islamic accounts offeredTiered accountsCommission-free accounts offeredFlexible leverage ratiosSupport MT5Social/copy trading availablePopular payment optionsAffordable minimum depositNo fees for deposits and withdrawals24/7 supportMultiple contact channelsIs 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 TypeMin DepositECN$5,000Prime$1,000Pro$50Leverage Ezifx offers leverage up to 1:1000, which can potentially bring high returns, but it also comes with high risks.Account TypeMax LeverageECN1:1000Prime1:500Pro1:500Spread 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 TypeStarting SpreadCommissionECN0.2 pips$7Prime1.2 pips❌Pro1.6 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 PlatformSupported Available Devices Suitable for MT5✔Android, iOS, WindowsExperienced tradersMT4❌/BeginnersDeposit 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.