Europefx Review

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Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

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EuropeFX Video Review

Investor Protection & Regulations

“EuropeFX is a brand name of Maxiflex Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).”

EuropeFX is a brand name of Maxiflex Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), as confirmed on the CySEC register below:

The broker provides further security of client funds by the following regulatory requirements:

• Client funds held in segregated accounts from company funds.
• Negative balance protection for retail clients.
• Member of Investor Compensation Fund.

Tradable Products

“EuropeFX offers users the ability to trade on more than 300+ markets covering Forex, Indices, Stocks, Crypto and Commodities.”

EuropeFX offers users the ability to trade on more than 300+ markets covering Forex, Indices, Stocks, Crypto and Commodities. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the EuropeFX website and trading platform and are correct at the time of this review.

Trading costs such as commissions, spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“EuropeFX offers 5 account types called Standard, Classic, Platinum, Premium and VIP, as well as access to a demo trading account.”

EuropeFX offers 5 account types called Bronze, Silver, Gold, Platinum and Premium, as well as access to a demo trading account. Each account comes with different features and benefits that depend on the minimum deposit, as shown below:

With EuropeFX, clients with a higher deposit receive the biggest trading discounts (10% discount for Gold accounts, 25% discount for Platinum accounts and 50% discount for Premium accounts). Higher deposit accounts also receive more features such as access to the event room, Europe FX Investments via Mirror Trader and RoboX and private trading sessions among other things.

Opening an account is a simple process. After clicking the Open Account button on the broker’s homepage, users are asked for name, email, password, country and telephone number. Users are then redirected to the broker’s online Client Portal area. Here, users can complete the application form which asks for personal details, financial details, trading experience and more.

As a regulated entity, the broker operates with standard KYC and AML regulatory requirements and, as such, users are required to provide proof of identity and proof of address documents for verification which can be done from the Client Portal area, as shown below:

Users can also open professional accounts if the eligibility criteria has been met to access higher leverage up to 200:1, while losing some protections like access to the Financial Ombudsman.

EuropeFX does not offer its services to residents of the USA, Iran, Cuba, Crimea, ​Sudan, Syria, New Zealand, United Kingdom, North Korea as well as some other additional jurisdictions.

Deposit & Withdrawals options

“EuropeFX offers the ability to deposit funds fee-free via credit/debit card, bank transfer, Skrill, Sofort, iDeal, GiroPay, SafetyPay, TrustPay, Euteller, WorldPay, MyBank and Przelewy24. Withdrawals are charged at 25 USD/EUR/GBP.”

EuropeFX offers the ability to deposit funds fee-free via credit/debit card, bank transfer, Skrill, Sofort, iDeal, GiroPay, SafetyPay, TrustPay, Euteller, WorldPay, MyBank and Przelewy24. This can be done directly from the client portal area once logged in.

Withdrawals are charged at 25 USD/EUR/GBP and can be done directly from the client portal area and take between 1-5 business days.

Web & Desktop Trading Platforms

“EuropeFX offers users the ability to trade on the globally recognised MetaTrader 4 platform and it’s own web-based EuropeFX EuroTrader 2.0 trading platform.”

EuropeFX offers multiple trading platforms suitable for both beginner and advanced traders. These include the following:

EuropeFX MetaTrader 4

The EuropeFX MetaTrader 4 trading platform is available for desktop download and via web and offers features such as:

• 50 technical indicators
• Advanced order types
• Trade from chart
• Custom indicators via MQL4
• Automated trading via EAs

EuropeFX EuroTrader 2.0 Web Platform

The EuropeFX EuroTrader 2.0 web platform is available via web browser and offers limited features but does include the following:

• Multiple asset class trading
• Trade from the chart
• One-click trading
• Multiple chart types and timeframes

A screenshot of the EuropeFX EuroTrader 2.0 web platform is shown below. The broker’s trading platforms are covered in more detail in the video review.

Mobile Trading Platforms

“EuropeFX offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app and the eFXGO mobile app for Android and iOS systems.”

EuropeFX offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app and the eFXGO mobile app for both Android and iOS systems. The app download links can be found on the broker’s website and in the Google PlayStore or Apple AppStore.

EuropeFX MT4 Mobile App

• Trade from anywhere
• Multiple order types
• 3 chart types
• 9 timeframes
• 30 technical indicators

EuropeFX eFXGO Mobile App

• 100+ tradable assets
• In-app access to EuropeFX Analysis
• Real-time prices and quotes
• Advanced charting tools

The EuropeFX mobile trading apps are covered in more detail in the video review.

Trading Features

“EuropeFX provides access to EuropeFX Investments via MirrorTrader (minimum 2,000 EUR) and RoboX (minimum 10,000 EU) for some clients depending on the account type opened.”

EuropeFX provides access to EuropeFX Investments via MirrorTrader and RoboX for some clients depending on the account type opened. This allows users to add automated trading strategies to their portfolio.

• MirrorTrader – This allows users to mirror and copy other trades from selected strategy developers. Users can also access live charts, view strategies performances and see live signals.
• RoboX – This allows users to access the RoboX algorithm, developed by Tradency, which is a package of smart trading strategies based on your personal risk management profile.

The minimum investment for the MirrorTrader account is 2,000 EUR and RoboX is 10,000 EUR.

Commissions & Spreads

“Trading costs with EuropeFX vary depending on the account type opened and market being traded. Commissions on certain asset classes are higher than the industry average.”

Trading costs with EuropeFX vary depending on the account type opened and market being traded. In the broker’s Contract Specification section it lays out the charges for each account type and each instrument available to trade on, as shown below:

While spreads start from 0.1 pips, the commissions are calculated in percentage terms and are higher than the industry average. Swap values are also higher than the industry average and are mainly negative swaps. However, users can receive commission discounts and swap discounts depending on their minimum deposits, as shown below:

According to the broker’s legal documents, they will also charge a monthly inactivity fee of 50 GBP/USD/EUR if no activity has been made during three calendar months.

Bonus & Promotions

“In accordance with regulatory restrictions, EuropeFX does not offer any bonuses or promotions.’’

Customer Support

“EuropeFX offers customer support from 9am to 9pm (Cyprus time) Monday to Friday via email, telephone and live chat, as well as an online contact us form. They also provide access to a detailed FAQ section.”

EuropeFX offers customer support from 9am to 9pm (Cyprus time) Monday to Friday via email, telephone and live chat. They also provide access to a detailed FAQ section. After logging in to the live chat we were greeted by an agent in just a few minutes who answered our question promptly, as shown below:

Contact Information:

• Address: Ayiou Athanasiou 46, INTERLINK HERMES PLAZA, Agios Athanasios 4102 Limassol, Cyprus.

• Email: support@EuropeFX.com
• Phone: +35724022444
• Social Media:
  • https://www.facebook.com/EuropeFX/
  • https://twitter.com/Europefx_
  • https://www.linkedin.com/company/europefx/
  • https://www.youtube.com/channel/UCcRJtdbqaEQIw9OAv7QNHCg

Research

“EuropeFX provides trader research in the form of Market News articles and YouTube daily videos, as well as an economic calendar and access to Trading Central signals and research depending on account type.’

EuropeFX provides trader research in the form of Market News articles and YouTube daily videos, as well as an economic calendar. The Market Review articles focus on a broad range of topics and also include a daily financial news video, as shown below:

Users can also access trading research and signals from Trading Central depending on the account type opened. This research can be downloaded as an MT4 plugin.

Trader Education

“EuropeFX provides access to a large Video Academy, covering a broad range of topics.”

EuropeFX provides access to a large Video Academy, covering a broad range of topics. This includes basic concepts, MT4, chart patterns, candlesticks, advanced stock market trading and more. The video library can be found directly on the broker’s website under Education, as shown below:

Trading Experience

“EuropeFX provides a simple trading offering to trade on more than 300+ markets from the MetaTrader 4 and EuropeFX EuroTrader 2.0 trading platforms.”

From our observations, EuropeFX provides a simple trading offering to trade on more than 300+ CFD instruments covering Forex, Indices, Stocks, Cryptos and Commodities on the MetaTrader 4 trading platform and EuropeFX EuroTrader 2.0 trading platform.

The broker provides a library of education videos useful to both beginner and advanced traders. Additional services are offered such as trading signals from Trading Central but this depends on account type. While users can access MirrorTrader and RoboX products for copy trading and investing services they do require high minimum deposits.

FAQ

Is EuropeFX regulated?

Yes, by CySEC.

Where is EuropeFX based?

EuropeFX is based at Ayiou Athanasiou 46, INTERLINK HERMES PLAZA, Agios Athanasios 4102 Limassol, Cyprus.

How does EuropeFX make money?

EuropeFX makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in EuropeFX account?

Funds can be deposited into a trading account via credit/debit card, bank transfer, Skrill, Sofort, iDeal, GiroPay, SafetyPay, TrustPay, Euteller, WorldPay, MyBank and Przelewy24.

What is the min. deposit for EuropeFX?

The minimum deposit is 200 EUR.

How do I withdraw money from EuropeFX?

Withdrawals can be made from EuropeFX via credit/debit card, bank transfer, Skrill, Sofort, iDeal, GiroPay, SafetyPay, TrustPay, Euteller, WorldPay, MyBank and Przelewy24.

What is the max leverage in EuropeFX?

The maximum leverage offered by EuropeFX is 30:1 for retail clients and 200:1 for professional clients.

How do I open an account with EuropeFX?

An account can be opened at the click of a button on the EuropeFX website and can be done in just a few steps.

Does EuropeFX use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“EuropeFX is a CySEC regulated broker offering to trade on more than 300+ financial CFD instruments covering Forex, Indices, Stocks, Crypto and Commodities on the MetaTrader 4 trading platform and the broker’s own web-based trading platform called EuropeFX EuroTrader 2.0.”

EuropeFX is a brand name of Maxiflex Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker, due to regulatory requirements, offers segregated trading accounts, negative balance protection and up to 30:1 leverage for retail clients, with 200:1 leverage for professional clients.

Users can choose from 5 different account types called Bronze, Silver, Gold, Platinum and Premium. Each account comes with different features and benefits depending on the minimum deposit. These features include access to Trading Central services, private trading sessions, discounts on commissions and access to EuropeFX Investments via MirrorTrader (2,000 EUR minimum) and RoboX (10,000 EUR minimum).

With EuropeFX, users can trade on more than 300+ financial CFD instruments covering Forex, Indices, Stocks, Crypto and Commodities, with spreads as low as 0.1 pips, on the globally recognised MetaTrader 4 trading platform, as well as the broker’s own EuropeFX EuroTrader 2.0 web-based. Users can also access a large library of trader education videos and market news.

• CySEC regulated.
• 300+ CFDs to trade on.
• Can trade on MetaTrader 4.
• Access to Trading Central available.