Independent Review - EuropeFX
Introduction and Comments
EuropeFX is a well-established brokerage, based out of Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company has provided comprehensive trading services since 2014, backed by an experienced team that is well-versed in financial markets for over a decade. Their professionalism is visible in all aspects of their business model and is central to the success of its growing client base.
EuropeFX offers an array of tradable assets, with exposure into several markets. Users have access to shares, forex, cryptocurrencies, indices, and commodities, all through one easy-to-use portal.
Additionally, EuropeFX utilizes a No-Dealing desk platform, which means the broker is not trading against you. Unlike some brokers in the industry, EuropeFX actually wants its clients to succeed. To help accomplish this and have the best overall experience possible, EuropeFX offers a complete set of MT4 trading platforms, backed by its own EuroTrader 2.0 and eFXGO mobile platforms.
Quick Look at EuropeFX
EuropeFX has gone to great lengths to improve its user experience for clients. Upon visiting their website, the first thing you will notice is how user friendly it is, complete with an easily navigable page. Whether you are a veteran trader or starting out, all necessary information is accessible and available on the homepage, which provides a welcome and assurance not found on all brokerage websites.
At EuropeFX there is no fine print, as the company is committed to transparency. With a comprehensive FAQ, most questions are answered in full, helping even the newest of traders feel at home and at ease.
Unlike other companies, EuropeFX also has taken strides to ensure it caters to a wider audience through multiple supported languages. This includes English, German, Italian, Dutch, and Swedish.
Such efforts have seen EuropeFX grow to become one of the most successful brands in Europe.
Looking beyond the front-end, we explored the registration process. Newer traders unfamiliar with this procedure can sometimes find this challenging. EuropeFX has rolled out a seamless and secure registration process so that traders can get started without feeling overwhelmed.
EuropeFX offers over 300 tradable assets, complete with tight spreads and the highest leverage allowed by regulators. Their platform is smooth with almost immediate trade execution. Perhaps most importantly, EuropeFX executes its trades with Straight-Through-Processing (STP), ensuring a transparent trading environment.
EuropeFX Regulations & Licenses
MAXIFLEX LTD operates EuropeFX under a license issued by CySEC. This license allows for the passporting of services in the European Union.
Retail Trader Accounts
EuropeFX offers a tiered selection of accounts for both novice and experienced traders. These provide enhanced services that meet the individual trader's needs. The company’s unique approach ensures that each trader will be able to find an account that is appropriate to their respective interests.
The Bronze account represents EuropeFX’s introductory baseline account. The minimum deposit is €1,000. With this account, users are given support via a relationship manager for a trial period.
The Silver account provides extra features when compared to the Bronze account. Of note, the minimum deposit for this account is €2,500. Like its Bronze counterpart, traders are able to rely on a relationship manager. Silver account users also gain access to Trading Central, which has become the standard in market ratings and trading signals.
The Gold account requires a minimum deposit of €10,000, though a higher deposit comes with additional benefits and features. Users gain access to four private one-on-one sessions at EuropeFX's Trading Academy, as well as two private trading sessions per month. Traders can receive valuable feedback from EuropeFX’s knowledgeable professionals.
The Platinum account is designed for professional traders, complete with extra features and benefits that are helpful for seasoned veterans. The minimum deposit required is €25,000.
The Premium account is EuropeFX’s VIP level. This includes eight private one-on-one sessions at EuropeFX's Trading Academy, as well as four private trading sessions per month. Premium account holders also gain access to the Event Room (two events per month), and SMS Trading Notifications. Additionally, users are able to use the copy trading tools, MirrorTrader and RoboX. The minimum deposit for Premium account holders is €50,000.
For prospective users, EuropeFX offers a 30-day demo account to non-traders. This tool is not reserved for novices, as even active traders can run a demo account to practice and fine-tune their existing trading strategies. The trial demo account grants the user real-time conditions, live charts, actual price, and instant execution so that they become familiarized with a real-life trading environment.
EuropeFX Fees, Costs & Spreads
EuropeFX offers an accurate spread and price, quoted in the buy-sell prices on the platform. The price quoted reflects the lowest existing spread coming directly from the market.
Certain trades may be eligible for small overnight fees. Such fees are standard procedure for all trades kept open from one trading day to the next.
Deposits and Withdrawals
EuropeFX offers many funding methods for its user base. This includes Visa and Mastercard, as well as other widely used payment processors. These methods are subject to change.
EuropeFX also adds additional payment processors by country as they become more secure and reliable. Users can deposit in any currency they wish. EuropeFX has also automated deposits and withdrawals to help make this process more seamless.
Select from bank transfers, credit cards, debit cards, or other online wallets.
EuropeFX offers the MT4 platform to its traders, which is to date the most widely used and popular option available. As the most trusted platform in the industry, MT4 has been a global standard for over 15 years.
MT4 offers advanced order types like Market Orders, Pending Orders, Stop Orders, and Trailing Stops. Furthermore, MT4 provides technical indicators and custom functions that allow traders to create bespoke strategies.
The EuropeFX platform is also reinforced by diverse analytics tools across multiple timeframes. This includes a built-in library of over 50 technical indicators to help craft the best possible trading techniques and strategies.
EuropeFX’s platform offering and Web Trader are available through a downloadable PC version, along with MT4 for MacOS, and the mobile app for your smartphones.
EuropeFX also offers its in-house engineered mobile app, eFXGO. This app was developed exclusively for EuropeFX traders and is available through iOS and Android systems.
The broker also provides their traders with the updated version of EuroTrader. This platform forms a simple to use, transparent, and user-friendly web trader. EuroTrader has been developed primarily for CFD and forex traders.
EuropeFX's platform offering reflects one of the best available options in today's market.
EuropeFX offers assets from the primary market around the globe. This includes access to the forex market, with a basket of major and minor currency pairs. Stocks are also available from major exchanges, as well as the newest entry into the share market, cannabis stocks. Platforms also offer a variety of indices, ensuring global coverage with exposure into any market.
For commodities traders, EuropeFX also offers trading in precious metal and energies.
No offering in 2020 is complete without cryptocurrencies, with EuropeFX being no exception. The company provides all the most popular cryptos such as Bitcoin, Ethereum, Ripple, Litecoin, and Dashcoin in CFD format, paired with the US dollar.
Trading tools and analysis
EuropeFX also provides trade notifications and alerts via SMS that are text individualized and customizable by the trader. Clients can benefit from helpful trading tools, as well as analytics, expert advisors (EA), and access to RoboX and MirrorTrader.
Education and Training
Education and training are areas of emphasis at EuropeFX. The group’s website offers extensive training and educational materials as well as seminars, live webinars, and one-on-one training and classes with professional traders.
When it comes to customer support, EuropeFX is a market leader. Users can benefit from 24-hour client support available via phone, email, and live chat. The highly-trained and professional support is something EuropeFX prioritizes.
In our opinion, EuropeFX is an outstanding broker and platform provider. The company understands that every trader is an individual with their own unique styles, needs, and demands. They provide a healthy variety of accounts, platforms, and support to fit every trader's needs. It is also important to note that EuropeFX's education portal is a huge asset for both newer and experienced traders alike.
All tools, news, analysis, signals, and education made available by EuropeFX ensures traders of every level can progress and succeed over the short- and long-term. Backed by fast and professional support we give EuropeFX a five-star rating.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.94% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Live Webinars & Trading Events
Instruments / Contracts