BTrader

 

BTrader is one of the leading Forex brokers on the market. They clearly invest time and money on your first impression when accessing their website. It is clean, fast, straight forward, visually appealing, and simple to use. It is available in 5 languages and they add more often, so people from around the world can benefit from its ease of use. I was so impressed with the site that I was convinced I would be disappointed when reviewing their service. However, that was not the case. They offer all the basic and common services offered by many other Forex brokers, but BTrader definitely includes services that separates them from the pack in a major way, but we will talk more about that later.

When it comes to depositing money, there is no reason Forex brokers should not make this process easy for the trader, unless of course they do not want your money. Well, BTrader enables you to deposit money in every possible way, including some options most people have never even heard of. The options available to you are bank wire, credit card, direct ebanking, money bookers, and much more.
While most brokers make the deposit process relatively easy seeing as they want your money, it is not a rare occurrence for brokers to make the withdrawal process a painful one. With BTrader, you send one fax and you have your money after 3-4 business days, it is as simple as that.

Regarding the core issue at hand, the Forex trading, BTrader did well here too. While most brokers offer a downloadable trading platform, and some offer a Web-based interface, BTrader offers both in the form of the famous Meta Trader 4 platform with access to advanced charts and technical indicators. In addition, they offer their own creation, a platform called WebFX. The fact that BTrader created their own web-based platform is an indication that they really do strive to be a top Forex broker, and not just another one to add to the long list.

BTrader supports Forex trading of over 50 different pairs, with the typical spread of the majors being 3 pips. Their spreads are also fixed and not dependent on anything. As I mentioned earlier, they do not disappoint when it comes to the market standards, and they offer a free $15,000 demo account, as well as low deposit ration of $25 for WebFX and $100 for MetaTrader 4. Another aspect in which BTrader stands out is their leverage. It is not the highest you have ever encountered, but 200:1 is definitely below the average confirming that BTrader is truly interested in customers not losing their entire investment in 30 seconds.
At this point of the review, I figured there has to be a catch. They must charge high commission or some sort of hidden fees. So when it became apparent that BTrader charges no commission or fees of any kind, not on deposit, not on withdrawal, and not during trading, I kept looking for that catch.

BTrader offers 24/6 support via phone, email, or live chat, and they proved to be highly responsive, patient, and helpful. Contrary to many other brokers, BTrader does not focus solely on getting your money, they spend a lot of resources on educating traders as well. They offer an entire platform of educational courses, as well as live training. In addition, BTrader offers daily market analysis, an economic calendar, and what they refer to as a Live Dealing Room. This is for all intents and purposes a forum-like experience in which you can ask questions and offer solutions, while communicating with other Forex experts and traders.

All in all, BTrader seems like a very impressive broker, the only thing that might turn off a trader is their lack of FSA regulation, but from what I was told by their support, they are currently in the last stages of the process. One other negative aspect I encountered was some small glitches in their site which does not seem to be compatible with all browsers.

BTrader declares that they offer their customers the best service, and based on my thorough review of BTrader, that is an accurate description of their service as a whole.

Year Established	2003
Country	China
Regulation	National Legislation Only
Introducing Broker (IB)	Yes
Accepts U.S. Clients	Yes
Dealing Desk	Market Maker (MM)
Trading Platform(s)	MetaTrader 4 (MT4)
Mobile Trading	Yes
Web Trading	Yes
Phone Trading	Yes
Pairs Offered	50
Lowest Spread EUR/USD	0 pip(s)
Lowest Spread GBP/USD	0 pip(s)
Lowest Spread USD/JPY	0.03 pip(s)
Lowest Spread EUR/JPY	0.03 pip(s)
Lowest Spread AUD/USD	0 pip(s)
Lowest Spread USD/CAD	0 pip(s)
Lowest Spread USD/CHF	0 pip(s)
Lowest Spread EUR/CHF	0 pip(s)
Lowest Spread EUR/CAD	0 pip(s)
Lowest Spread EUR/GBP	0 pip(s)
Lowest Spread EUR/AUD	0 pip(s)
Lowest Spread NZD/USD	0 pip(s)
Type of Spread	Variable
Commission / Fee	No
Maximum Leverage	200:1 (0.5%)
Free Demo Accounts	Yes
Minimum Initial Deposit - Mini	US $25
Minimum Initial Deposit - Standard	US $100
Multi-Currency Accounts	EUR - European Euro • AUD - Australian Dollar • NZD - New Zealand Dollar • CAD - Canadian Dollar • GBP - Great British Pound • CHF - Swiss Franc • JPY - Japanese Yen
Segregated Accounts	Yes
Swap Free Accounts	No
Account Funding Methods	Wire • Credit Card • Moneybookers • Liberty Reserve • JCB • Click and Buy
Scalping	No
Expert Advisors (EAs)	Coming Soon
Hedging	Yes
Trailing Stops	Yes
Gold Trading	No
Silver Trading	No
Oil Trading	No
CFD Trading	No
Live Chat	Yes
Languages	English • German • Japanese • Turkish • French • Arabic • Chinese

Finexo Review

 

Finexo is a business partner of the large and reputable Danish financial firm Saxo Bank, and is headquartered in Duesseldorf Germany. One of the relatively younger firms in the forex brokerage industry, Finexo was established around 2003 by software engineers, hedge fund traders, and bankers with a common interest and passion for the forex market.

Account Types

The web-based ForexTrader Platform is claimed by Finexo to be the most sophisticated and advanced forex trading software available in today’s markets. The software supports one-click trading, trailing stops, in addition to limit and stop orders of all types. The charting capabilities of the software are mostly directed toward beginning traders, as Finexo does not include a large number of charting tools in its package.
The firm offers both a mini and a standard account, with leverage up to 200:1 possible.
The software package comes with supporting features including daily FX analysis by Finexo’s professionals, and an online Forex glossary covering all the confusing terms in the market, advanced forex broker charts, in addition to a comprehensive calendar that aims to keep the trader on top of all the fundamental developments in the market. The platform also supports mobile and PDA-based trading.
Finexo offers all the popular pairs including the EURJPY, EURUSD and the USDCHF, among others, for trading. Under usual market circumstances, the spread of the EURUSD pair, which is also the lowest, is just two pips.
As with most other brokers, Finexo also offers a free demo account where beginner traders can improve their skills before they are trading with real funds.

Deposits and Withdrawals

The minimum deposit requirement at Finexo is $25. There’s also maximum deposit limit which is $5,000 for credit and debit cards, and $50,000 for bank transfers, e-gold, or e-bullion.
Finexo accepts deposits by Visa, Mastercard, and Diners. In the case of credit card, Liberty Reserve, or Moneybookers deposits, your account will be credited free of any charges. Deposits by wire transfers incur fees charged by banks only. Deposits via Paypal are subject to the usual terms and conditions of Paypal.
Customer withdrawals through Paypal are charged 3.4 % of the amount and 0.5 SGD, while transactions through a Moneybookers account incur a fee of 3 percent. Credit card withdrawals are subject to a 3.5 percent fee, and bank transfers cost a minimum $10, depending on the banks’ own rates.
In general, Finexo is very straightforward and transparent about customer withdrawals, and the good reputation of the firm among traders bears testimony to its honorable attitude toward its clients. Usually withdrawals will be completed in 48 hours, but in cases where a lot of processing is necessary, a maximum delay of 7 days is possible.

Security

Finexo operates in the Nertherlands, Austria and Hungary, and in each of these nations its practices are carefully monitored by the authorities.
The EU’s strict and sophisticated regulatory system ensures that trading with Finexo is as safe and as it can be.

Customer Service

One of the most interesting and powerful aspects of Finexo is the competent, patient, and knowledgeable customer service of the firm which is available 24 hours a day. The website offers an online forex tour, and an audio market review that goes into the basics and details of currency trading in each update.
In its mission statement, Finexo claims that commitment to the individual investor is paramount to the firm’s mission. And to make true on this commitment, the firm employs some of the most talented minds in the online currency trading business to develop solutions that will ensure an easier and healthier trading career for all traders.

Conclusion

Finexo is a beginner-friendly firm that offers a lot of opportunities and limited risks to beginners through its very low initial deposit requirement at just $25, and the demo trading options available. Deposits and withdrawals are both easy and in generally hassle-free, with the customer service available 24-hours a day to answer all your questions.
Finexo also offers many advanced tools for experienced traders through the many analytical packages offered through its website. The fundamental reports provided by the firm’s experts are among the best in their class, and the quality of their studies hastens the pace of a trader’s career by the informational wealth they provide.
Finally, the mobile and PDA trading options ensure that Finexo’s clients can easily navigate and profit in even the most volatile and confusing markets imaginable. The ability to manage a position on the fly is surely a great capability welcomed by any seasoned trader, and it is rapidly becoming a standard feature of the industry.
Regulated by perhaps the most reliable regulatory authority of the EU, the BaFin, and operated by experienced and knowledgeable financial experts in cooperation with the Danish Saxo Bank, Finexo is a friendly, responsible, and innovative broker that will enhance your trading career, and multiply your profits with its great offerings.

MGForex Review

 

MG Financial who owns and operates MGForex was established in 1992, in the early days of forex trading. Headquartered in New York, the firm is regulated by the NFA and the CFTC and has been an active and innovative member of the retail forex industry for almost decades.

Advantages of an MGForex Account

MG Financial is a reliable firm. The company released its first online trading platform in 1997, when many of today’s brokers were not even in existence. Thus, the greatest advantage of trading with MGForex is safety. You know who you work with, you know their track record and there’s little reason for worry.
In addition, in 1998 MGForex obtained a fidelity bond insurance from a reliable NYSE company, ensuring that the assets of customers are protected against fraud by its employees. In order to ensure that client funds are safe, the firm implements the latest standards in data encryption and never shares private information with any affiliates or third parties.
Apart from the safety of this renowned and respected international firm, MG Forex is one of the most innovative brokers in the industry, pioneering many of the innovations that are now commonplace. The AlertFX feature which sends trade alerts to client’s mobile phones, the flexiTrading system that facilitates the trading of full and fractional units of currency pairs, and the ability to trade via PDA or mobile phones are but a few of the powerful advantages enjoyed by an MGForex client.

Choice of Accounts

Apart from various account packages for individual and corporate clients, MGForex offers many special packages for retail traders and professional money managers. On the other hand, MGForex does not offer a mini-account and the minimum deposit size is $500, with a recommended initial deposit of $1000 for the purpose of withstanding market fluctuations and margin requirements.
MG Forex offers low spreads at 3 pips for EUR/USD and 4 pips at USD/JPY.  They're leverage is regulated by the NFA and capped at 100:1

Deposits and Withdrawals

Wire Transfers, checks, credit card deposits and Paypal are available options for fund deposits. MGForex offers seven base currencies for the clients including the Japanese Yen, British Pound, the Euro, the Swiss Franc, and Australian and Canadian Dollars.
This flexible approach to client deposits ensures cheaper withdrawals, as conversion costs and fees are avoided and faster transfers are facilitated.

Trading Platform

The DealStationFX has been used by traders for a longer time period than the entire lifetime of many retail forex brokers. The platform is being constantly improved and refined with new versions being released frequently by the dedicated and creative technical team of the company.
Apart from the usual features that have been pioneered by MG Financial in the past decade which now constitute the industry standard, the DealStationFX forex trading program facilitates the placing of orders directly from the charts and integrates various fundamental analysis tools to the technical toolbox that is a common feature among many other platforms. ForexNews, the financial news partner of MG Financial, provides up-to-date and incisive news and analysis of the market to the firm’s clients.
Trailing stops, modification of open orders in real time and a patient and versatile interface that explains the various features of the software with a step-by-step approach are some of the interesting aspects of DealStationFX. The software is compatible with MacOS, Linux, Windows and is highly stable due to its long history of development.

Customer Support

MGForex offers 24 hour customer support by phone during market days. The firm employs talented individuals to provide best support service to clients in more than 100 nations worldwide. The satisfaction of the customer is paramount to MG Forex and great care and attention are given to ensure that the expectations of each client is satisfied in the most efficient manner, without consideration of experience, account size or trading record.

Conclusion

With its long history, stable platform, patient and friendly support staff, MG Financial is a reliable broker that will satisfy all the needs of a relatively experienced trader who seeks the confidence and ease of trading with an established firm. Besides, instead of its long history, MGForex is committed to innovation and creativity and the many unique features of the company demonstrate this commitment in a clear manner.
While the lack of a mini-account may be discouraging for new traders, it is also possible to interpret this fact in a way that contradicts our immediate dissatisfaction. As a beginning trader who opens a new account at MGForex with 500-1000 dollars, you may well have to force yourself to adopt disciplined, rational practices and an unemotional attitude to trading right from the beginning. It is easy to become immersed in many faulty practices when trading $10 over a short time and then to become habituated to them as you increase the size and leverage of your account. By opening your first account with MG Forex, you will have to adopt sensible practices right from the beginning due to the large initial deposit requirement and the related risks in case you are careless with your money.

Forex Club Review

 

Forex Club is a brokerage firm registered with the CFTC and a member of NFA. Active in about 50 countries, Forex Club is accepting more than 1000 clients each day and it proudly counts a number of self-made millionaires among its customers.

Safety

In order to protect the interests and privacy of its clients, FXClub complies with the highest industry-wide standards for encryption of order flows and account data. In addition, to ensure the safety of data transfers, the firm directs all data flow between Forex Club and its clients through a secure online terminal termed "My FXClub".

Forex Club Innovations

Forex Club is run by a group of creative people who are committed to changing our lives for the better, as their website states. This is a rather proud and boisterous statement but the firm backs this claim with a number of interesting new features aimed to prove that the commitment goes beyond words. The ExpressFX platform, which is directed to beginners mostly, will waive the flat commission on a trade if the trader’s account registers a loss upon closing of the position. The decision to avoid manipulating the bid-ask spread by the implementation of commissions is also directed at allowing the trader more control over the profit/loss expectations of a new position.
Rumus 2, the other platform offered by ForexClub also features the ability to chart multiple time-frames on a single graph, deepening the trader’s vision and enhancing the predictive power of price evaluation. Since this platform is offered to long-term traders and money managers who are more experienced and knowledgeable about the forex market and its workings, the introductory aspect is minimized, with the greatest emphasis given to providing the trader a most comprehensive and enhanced trading environment in which he can utilize his potential to the fullest.
No slippage, and timely execution of trades are the guiding principles of ForexClub.

Account Deposits

$10 is the very modest minimum deposit requirement of Forex Club. In harmony with its commitment to place the needs and satisfaction of the client before its own short-term financial gain, ForexClub requires this very small sum for opening of an account. The principle behind this choice is the belief that a successful trader will always be willing to trade more, while the losing client will close his account sooner or later and will never come back.

Account Packages

As with the trading software, FXClub offers two types of accounts. The ClassicFX package, implementing the feature-rich, customizable, and powerful Rumus 2 platform is directed at experienced and knowledgeable traders who would like a straightforward and rich experience while trading currencies. The Rumus 2 forex trading software comes with many interesting and creative features including extensive backtesting capabilities and a vast compendium of technical tools, which all aim at maximizing the profit potential and optimizing the performance of the user.
The ExpressFX Package, created to smoothen the learning process of beginners and to provide a step-by-step introduction to the various aspects of currency trading, features the ExpressFX forex trading program which is the first and only trading software allowing a zero-spread trading experience.
Regulated by the NFA, FXClub offers a maximum leverage of 100:1

Beginner’s Support

Forex Club aims to cater equally well to both the experienced and inexperienced traders. The two different platforms and their associated account packages are tailor-made to ensure that all types of traders derive the greatest enjoyment and profit from their interactions with Forex Club. In addition to a demo account, the forums of ForexClub feature some millionaire traders who regularly express their opinions and share their insight with new traders, enabling a perfect atmosphere for mentoring.
To make the most trading with Forex Club as a beginning trader, we recommend that you use the ExpressFX platform.

Conclusion

Forex Club is a relatively new broker, but it has been quick to acquire market share from some of the well-established firms of the industry, with an expanding market base bringing new clients from many different nations in all parts of the world. ForexClub is indeed a very different broker, with its offer to waive the commission on failed trades, zero spreads, flat commissions depending on trade sizes, all setting this broker apart from the countless others in the market.
The track record of Forex Club is also certified by the surprising number of self-made trading millionaires who share the platform with beginning traders. That forex can create great profits for the disciplined, patient individuals among us is proven by the testimonials of these people who can be met at the broker’s online forums.

ForexYard Review

 

Headquartered in Cyprus, ForexYard was established in 2004 and it has been offering excellent services to both retail and professional traders since then. The firm makes service the central piece of its strategy. While other brokers offer you spreads, pairs and quotes, ForexYard aims to create a service, and to help its customers learn currency trading through a mentoring relationship provided by its experienced and knowledgeable support staff.

Account Types

ForexYard offers a standard account, with a minimum deposit of $1000 and a SuperMini account with a required deposit of $100, with maximum leverage of 200:1. The standard account is offered to professional and experienced traders who prefer to utilize their skills in a clean and uncluttered environment. The SuperMini account option offers a gentler and more patient approach to trading, with risk controls implemented in a more rigorous way to ensure that the trader doesn’t find himself sinking in the sea of unknown during his first steps into the world of forex.
While $1000 is the bare minimum, ForexYard advises clients to begin with $2000 in order to ensure high survivability against market volatility.
Apart from currencies, it is also possible to trade silver, gold and oil with ForexYard.

Beginner Support

Support is the area where ForexYard excels. The firm has a highly-qualified support staff who offer different packages in accordance with the needs and expectations of different customers. For knowledgeable traders who still desire to hear the guiding voice of a professional during their trading decisions and also for all kinds of traders who seek a mentoring relationship with an expert, ForexYard offers the Forex VIP Services package, where the trader has a one-on-one relationship with an experienced trader. The Forex VIP Services package is like a classroom where you are taught on an individual basis.
In addition, during the trading days, the support staff is available 24 hours a day to answer calls and offer guidance on beginner’s questions. Demo accounts and all the standard training tools of a modern forex broker are also available.

Account Deposits

ForexYard facilitates all deposits and withdrawals smoothly. The firm believes that traders should trade, with every other aspect of working with a broker minimized as much as possible. Deposits and withdrawals proceed swiftly and in the case of credit card deposits the account is credited immediately.

Trading Platform

ForexYard’s trading platform, the WinTrader, comes in both web-based and downloadable versions. Both versions perform the same functions and possess the same advantages of simplicity, ease of use and high customizability. To reduce the amount unnecessary complexity, WinTrader offers a basic technical analysis package which includes ten of the most important indicators.
The WinTrader platform is supported by extensive documentation and tutorials on the website. The support team is also available for any question that may arise as you learn how to use the platform.

Security and Privacy

ForexYard implements the industry standard SSL (secure socket layer) technology for protecting the privacy and account safety of clients. In addition, complete automation of the trading process ensures that the possibility of any unauthorized access to client accounts and illegal temperance with orders by third parties is minimized if not eliminated altogether.
Since its foundation in 2004, ForexYard has maintained a good reputation with both clients and regulators. As a firm that works with many customers in different nations, ForexYard is a reliable, reputable and respected forex broker.

Advantages of Trading with ForexYard

There are a number of unique aspects of trading with ForexYard. The trading software is user-friendly and easy to learn. The interface is simple and informative, while the abundance of online documentation ensures that all your questions can be answered with speed and detail. In addition, the exceptionally competent and effective support team work hard to make sure that all of your questions are answered as soon as possible and all your expectations are fulfilled in the most satisfying manner. Since the support team includes many individuals with real trading experience and good understanding of market mechanisms, the beginner acquires a great advantage simply by being a client of ForexYard during the learning process.

Conclusion

ForexYard aims to provide both the experienced and novice trader an exceptional experience of online currency trading. While most other firms concentrate on the technical aspect of trading, ForexYard makes the greatest effort to ensure that it is offering the best service available in the forex brokerage industry. By combining these aspects of trading (training, support and technical prowess), ForexYard seeks to create a whole new paradigm of online forex brokerage business.
The beginner will benefit from the calm and uncluttered interface of the trading platform, low leverage and minimum deposit requirements, not to mention the excellent support services we discussed before. The experienced trader will find a profit multiplier in the experience and expertise offered by the firm’s seasoned advisers with whom he can cooperate through the Forex VIP service. In short, whoever you are and whatever your background may be, you will gain an valuable friend and reliable companion by becoming a customer of ForexYard.

eToro Review

eToro is a relatively new but fast-growing brokerage firm. Unlike the vast majority of brokers, eToro aims to entertain its clients, while educating and preparing them for the difficult and stressful atmosphere of currency trading. Nervousness and unease are common features of a beginner’s experience with forex, since the vast majority of new traders have little knowledge, understanding, or experience with the dynamics of this giant market. All the various types of analysis, news flow, charts and indicators can be very confusing and intimidating for beginners. eToro aims to tackle all these issues by its friendly platform and innovative attitude to trading.

Safety

The company owning the eToro online trading software in the United States, Tradonomi LLC, is registered with the CFTC, and is a member of the NFA. Apart from compliance with the regulatory requirements on capital and the various rules aimed ensuring a fair and honest trading environment, eToro implements the industry-standard secure socket layer (SSL) technology for data encryption. The firm’s privacy policy states clearly that client data on credit history, net worth, or other personal information is never shared with any person or institution.

Account Types

eToro offers one type of account for different kinds of traders. Registration is easy: download the software and the program will prompt you to open an account with step-by-step instructions.
Instead of offering separate accounts for traders of different backgrounds and experience levels, eToro implements a visual mode and an expert mode, corresponding to the mini and standard account packages of other brokers. In the expert mode, traders have the option of adjusting leverage between 10:1 to 400:1, in accordance with their strategies and expectations. The visual mode introduces the trader to the world of currency trading with a very measured step-by-step approach, explaining every aspect of the platform in detail, from order entry to charts to leverage.

Account Deposits

eToro accepts deposits via Paypal, MoneyGram, Neteller, WebMoney, in addition to credit card deposits and wire transfers. Depending on the funding channel used, the minimum initial deposit requirement can be either 50 or 500 dollars. In order to withdraw funds the client must fill and submit an online form. eToro’s website offers extensive guidance on account deposits and withdrawals.

Trading Platform

By far the most unique and innovative trading platform that is on offer in today’s market, the forex trading program of eToro enables a gaming like experience for the retail trader. In the Forex Marathon, currencies compete against each other and in the forex trend section, national symbols of various currencies compete in an arena.
For more experienced traders, the trade box section allows various adjustments to be made in order to increase and decrease risk and manage the sizes of the lots.
Finally, the trading challenge section lets traders compete against each other for a prize determined by the broker, according to the simple rule that the most profitable trader gets the prize money.

Beginner Support

Apart from the demo account, eToro offers numerous guides, tutorials and a trading forum where traders can share their experiences and discuss the lessons learnt with others. The support staff is very professional and patient. As the firm specifically targets the retail segment of currency trading, traders of all experience levels are welcomed to ask questions and seek help from the knowledgeable and helpful support team.

Conclusion

Certainly, eToro is not your usual broker and the eToro platform is not your usual trading platform. It is hard to overemphasize the changes wrought in the retail broker industry by the introduction of the light-hearted, fun, easy platform of eToro. Low leverage options, very small intial deposit requirements all ensure that the beginner will have an extremely satisfying experience with this broker. Not only is the platform easy to use and get used to, it also implements various unique features which all add a whole new dimension of excitement and enjoyment to trading in general. With its competitions, eToro doubly rewards its most successful clients: not only do you make a profit with your own account, but you can also win the competition and earn the sizable prizes offered by the company.
As a member of NFA, eToro is a regulated by the CFTC and the clients can rest assured that they have the highest authorities on their side when it comes to account safety. Competitions, an entertaining platform and a humorous approach to life and trading all set eToro apart from its competitors. For those who’d like to ride the bull and tame the bear in the forex market, eToro is the perfect choice.

Easy Forex Review

Easy Forex is a forex broker with almost a 10-year long history. Headquartered in Limassol Cyprus, the firm has offices in the US, UK, the Philippines, Australia, and Israel. Easy Forex holds licenses from the Australian regulator ASIC, and the   similar regulatory bodies in the EU and the US, including the NFA.

Safety

As a forex broker that has been operating since its foundation in Cyprus in 1999, Easy Forex has grown to be one of the most reliable and well-respected firms in the industry. Due to its long history, the company has a well-established security structure that allows the customers a safe and sound trading environment. Separately from regulatory supervision clients of Easy Forex are protected from fraudulent activities by the firms employees by internal auditing.
To secure the safe transfer of client data and to guarantee the privacy of client information, Easy Forex employs the services of VeriSign and the latest secure socket layer technology. As one of the internet security businesses most powerful participants, VeriSign is one of the first choices of any firm that aims to protect client privacy. Credit card clearance and related tasks are performed through Barclaycard, another of the most trustworthy firms in the financial sector. In addition, the firm implements two layers of top class firewall systems at the server and application level to protect against unauthorized access. Two different server farms, protected by armed guards 24 hours a day, ensure the safety of client data against various hazards.
Internal auditing is performed by the Cyprus member of HLB, a global accounting and business advisory network founded in 1969, comprising of 1,500 partners and 10,800 staff in more than 100 countries in over 430 offices, according to its website.

Account Types and Deposits

Easy Forex offers a wide array of account packages and tailored to the needs and expectations of customers of different financial expertise and knowledge. In addition to the mini account that is offered to beginners, and those who prefer to trade with small amounts and low leverage, the mini account is the best choice, where the minimum deposit requirement is a modest $200, and the minimum transaction size is $2500.
The different leverage options range from 50:1 to 200:1, in addition to other options according to the type of account chosen.  In the U.S. the leverage is capped at 100:1 due to NFA regulation.
Except for US-based traders, Easy Forex also facilitates the trading of gold, silver and oil.
Easy Forex is quite flexible about account deposits and withdrawals. Credit card depsoits are credited instantly, eliminating the necessary waiting period associated with most other brokers. It is also possible to fund your account via PayPal or bank transfers. Easy Forex charges no fees, commissions or spreads during the withdrawal process or fund deposits.

Beginner Support

Easy Forex prides itself on the helpful and friendly attitude of its support staff. Committed to facilitating the most comfortable introduction to the forex market, the support staff continously implement new features on the website of the firm and its trading software, in accordance with the underlying principle of user-friendliness and professionalism.
In light of this principle, Easy Forex implements live training by telephone, video tours, chat services and an online information center to aid the learning process of the beginner. In addition to the demo account, the firm even provides a one-on-one training program for new customers.

Advantages of Trading with Easy Forex

There are many advantages of trading with Easy Forex, all which cannot be mentioned in the confines of this webpage. Easy forex is a non-slippage, no-misquote broker, pledging to execute your orders at the exact price quoted without slippage or errors. The freeze rate feature of the trading platform, which will cancel an order unless it is executed within a few seconds, aims to prevent the errors related to web connectivity issues.
One of the most interesting features of this broker is the wide choice of base currencies, including the American, New Zealand, Singapore, Canada and Australian dollars, Norwegian Kroner, Isreali Shekel, the Euro, the Yen, and a few others totaling 12 in all. This feature negates the conversion costs associated with deposits and withdrawals.
The Inside Viewer tool, and the Trade Controller are also two of the unique offerings of the broker. The Inside Viewer allows you to see the positioning of your fellow traders at Easy Forex, while the Trade Controller visualizes various profit/loss scenarios on the interface.

Trading Platform

Easy Forex utilizes a web-based interface for trading. You don’t need to download or setup any program, as your web browser will automatically run the Easy Forex platform from the firms website.
24 hours a day, 7 days a week access to the platform and online trading every day except Sundays using the multilanguage platform results in a joyous trading experience. Real-time account updates, support tools including charting services, economic data, technical analysis tools and news flows supplied by Reuters, are all incorporated to the basic package.

Conclusion

Easy Forex has been a major player in the online retail forex brokerage industry for almost ten years. During this long period, this budding industry has witnessed a number of frauds, bankruptcies, along with technical innovations and advances. Easy Forex has been immune to all these scandals and credibility issues and has been at the forefront of innovation. Regulated in many different parts of the world and audited by reputable and reliable international institutions, the firm stives to ensure client security by remaining up-to-date with the latest industrywide security standards.

Forex Demo Account - Forex Brokers Offering Practice Accounts

Are you interested in trading, yet discouraged by your lack of experience and knowledge about terms like stop-loss orders, pips, leverage and similar confusing trading jargon? Don’t worry. In our modern era of inventions and discoveries, it is indeed possible to get accustomed to trading basics without risking a penny.
Make a loss in every single virtual trade, even blow up your forex practice account, your losses will be imaginary, while the great lessons learnt are real. Many of the best brokers in the market today offer excellent forex demo account packages, and for your convenience we have made a list of them for you here.