The Full Easy-Forex System Review
Hi John here.
I was able to do a Full Review of the Easy Forex System for you.
So, without further ado…“Here’s The Most Comprehensive Review of Easy-Forex System on the ‘Net”
No fluff, no filler - Just what you want and NEED to know before purchasing.
Well, - What Exactly is Easy-Forex System?
Easy-Forex offers a number of tools that may help you in your trading:
- The Inside Viewer lets you see what other traders are trading on their platform. You can view the popularity of currency pairs, deal direction and open deal structure
- The Trade Controller is the ultimate visual trading tool which gives you a clear and complete picture of all profit/loss scenarios
- The Trade Simulator lets you open and close some deals in a live, real-time trading environment without using your own funds - a good way to try out the platform or test some trading strategies
- SMS alerts for currency rates, deal closure or limit captures
- Freeze rate allows you to ‘freeze’ the displayed rate for a few seconds before you confirm and open or close a deal
- Live one-on-one training
- Webinars on trading strategy
- Live Chat
- Daily and Weekly Outlooks, also archives of previous outlooks
- Live News and Videos center
- The Financial calendar has the dates and times of economic indicators. Here you will also find a description of these indicators
- Multiple charts and ways of viewing them are available to assist with technical analysis.
- News feed from Reuters
- Interest rates table of available currencies for trade
- Currency Rates Matrix of available currencies
Easy-Forex deals are dependent on the FX market, which is dynamic and changes all the time. The fluctuations in the market, in currency rates, and in other parameters, affect their fully automated pricing engine. This is why rates and premiums may change all the time. For your convenience, they developed the currency rates table which displays market data in real time and can give you an indication as to whether the rates are going up or down. When the rates in the bar are green it means they went up since the last update, when they are red it means they went down since the last update.
They always advise all their clients that foreign exchange trading does involve substantial amount of risk. With Easy-Forex you cannot lose more than your ‘margin’, the money you are prepared to risk plus the daily rolling fee if you have entered a Day Trade transaction. Profits are unlimited but you can never lose more than what you initially risked. However, risk only what you can afford.
Click Here to Go to The Easy-Forex Website.
Easy-Forex has four account types with different margin levels and spreads involved. For frequent traders tailor-made accounts are also available. You can speak to their Easy-Forex Account Service Manager to help you decide which account is best for you.
Mini: $5,000 minimum deal $200 initial deposit
Gold: $50,000 minimum deal $500 initial deposit
Platinum: $250,000 minimum deal $5,000 initial deposit
VIP: $500,000 minimum deal $10,000 initial deposit
- Sharia (Islamic) Accounts are also available
Easy-Forex offers trading accounts which adhere to the Islamic law (Sharia). With Islamic trading accounts, when traders extend their Day-Trading deals to the next day, no rolling fee is charged. Accordingly, the maximum duration offered for Day-Trading deals is limited (usually 1 week but it can also be shorter or longer depending on the currency pair traded).
The Bad Points
Obviously, Easy-Forex’s not perfect. Here’s what I didn’t like about it:
- Duplicate e-mail confirmations cannot be issued. E-mail confirmations are generated only at the time of the deal. If you need to reconfirm your deal, you need to call their customer support center. However, you do not need the e-mail confirmation to manage your deal, so all you need to do is check your account and position. The e-mail is sent merely as a convenience for customers so that they have an additional record of their deal details.
- When you register with Easy-Forex you are required to fax, or scan and email, your passport or ID card; a bill or statement (e.g. telephone bill, bank statement) showing your residential address; and both sides of your credit card. These seem to require a lot of documentation to register. However, they are doing this to ensure the safety and validity of your account.
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