Forex trading imposes a high level of risks and is not suited for all traders and investors. As much as trading on foreign exchange markets may be potentially profitable, it can also lead to significant losses. Ensure that you have enough trading experience, knowledge and full comprehension of potential risks involved. Most derivative contracts have high leverage and low margin requirements. Hence, rapid price movements may inflict serious financial damage or even devastate your entire trading account. EuropeFX is a leading global broker that offers a comprehensive array of tradable assets.
- We want to contribute to stopping online trading scams by throwing a monkey wrench in the works of con artists.
- Through a demo account, you will be able to learn the ins and outs of the broker’s trading platforms.
- If an account has been inactive for three months, EuropeFX starts to charge an inactivity fee of 50 EUR/USD/GBP every month until the account is active again.
- Per AML requirements clients need identical payment options and trading accounts.
- This review differs in that we are presenting real facts as they are clearly laid out online.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker https://jdforexbroker.com/2020/04/price-action-forex-trading-strategy/ with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader.
Mobile Trading
But the forex broker has two central offices – one in Berlin at Franklinstraße 28-29, 10587, and one in Cyprus. However, beware of scam I initially invested a total sum of $5,000 over a period of 9 weeks. A very impressive service, with the best customer support team I’ve ever dealt with. I went into this investment very skeptical, with little knowledge of Forex , or about europefx. I’m agree with last few comments.But one thing they don’t give deposit bonus.I will request them to give deposit bonus again.
We will shed some more light on tools you can access shortly. EuropeFX offers many assets as CFDs, meaning you can hypothesise on the fluctuating prices of the fast-changing financial https://jdforexbroker.com/ instrument in question. We mentioned that EuropeFX offers a wide range of tradable assets – not to mention STP order execution, educational material and trading tools.
EuropeFX review – Is it a scam or not? – Honest test
We highly recommend that you do not invest more money than you can afford to lose to avoid significant financial problems in the case of losses. Please make sure you define the maximum risk acceptable for yourself. What was your trading experience like with the brokers at EuropeFX?
Any trading commissions from this type of account receive up to a 25% discount. Unfortunately, the platinum account does not offer any VIP services. The programming language MT4 is built on is the powerful MQL4. The community of traders and developers using MT4 is highly active. There are a lot of analytical tools that come with MetaTrader 4.
The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall. Looking at EuropeFX website, it shows that they are owned by Maxiflex Global Investments Corp Ltd .
EuropeFX spreads and commissions are not defined precisely. Per its website, spreads are 1.2 to 1.4, and the commission is $20. When you start raising questions or aren’t willing/able to fund more, they vanish with your money. Therefore, every offer from this brokerage must not be taken for granted. Once they rope you into investing, you won’t make any progress and won’t be allowed to make withdrawals.