EuropeFX Forex Trade Platform and Broker Review

EuropeFX Forex Trade Platform and Broker Review

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Europe FX Broker Review

EuropeFX is a regulated online forex trading broker which provides the trade in forex and CFD financial instruments. EuropeFX was established in 2014 in Cyprus.

EuropeFX has between 50 and 100 employees, and headquarters are based in Limassol, Cyprus.

Is EuropeFX Regulated?

Yes, EuropeFX is owned and operated by MAXIFLEX Limited, which is a Cyprus-registered Investment Firm (CIF). EuropeFX is regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC).

EuropeFX follows the Markets in Financial Instruments Directive (MiFID II). MiFID II provides a regulatory environment that is harmonized for all investment services in the European Economic Area (EEA).

As a Cyprus Investment Firm (CIF), EuropeFX is also a member of the Investor Compensation Funds (ICF). This means that eligible forex traders’ funds are insured for up to €20,000 if EuropeFX goes bankrupt or is otherwise unable to fulfill its financial obligations.

 

Is EuropeFX Regulated in the United States?

No, EuropeFX is not regulated in Virginia or any other US state. 

Is EuropeFX Regulated in Europe?

Yes, EuropeFX is regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC). EuropeFX also follows the Markets in Financial Instruments Directive (MiFID II).

Is EuropeFX regulated in a Tier-1 Jurisdiction?

EuropeFX is not regulated in Tier-1 jurisdiction.

Tier-1 Jurisdiction provides EuropeFX with the license to provide financial services in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is EuropeFX regulated in Tier-2 Jurisdiction?

Yes, EuropeFX is regulated in Tier-2 jurisdiction.

Tier-2 Jurisdiction provides EuropeFX with the license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in EuropeFX?

EuropeFX offers traders a choice between MetaTrader 4, “eFXGO!”, EuroTrader 2.0, and Tradeworks. The features that forex traders can expect from these trading platforms are as follows:

  1. MetaTrader 4 is one of the most popular CFD and forex trading platforms in the industry. With a EuropeFX account and MetaTrader 4, traders can expect a range of analytical tools, intuitive charting capabilities, more than 50 technical indicators, and more.
  2. eFXGO! is the mobile trading platform for EuropeFX, which allows forex traders to trade from anywhere in the world, at any time. eFXGO! has its own trading suite, offers easy trade execution and modification, instant access to EuropeFX’s analysis, and a user-friendly client area.
  3. EuroTrader 2.0 is the latest addition to the EuropeFX line-up, and it is a web-based proprietary trading platform that offers a range of tradable instruments, the ability to trade from charts, custom indicators, multiple chart types, and timeframes, one-click trading, and more.
  4. Tradeworks is the perfect platform for algorithmic trading that offers forex traders with a plethora of trading opportunities. Tradeworks provides a variety of pre-defined trading strategies that can be used and back-tested with great ease on the platform. 

Does EuropeFX Have a News Blog for Forex News?

Yes. EuropeFX offers forex traders with a news blog for forex news on the official website. This can be accessed free of charge and does not require a live trading account.

Does EuropeFX Have a Traders Dashboard?

Yes, EuropeFX has a Traders Dashboard, which can be accessed once forex traders have registered on the official website.

EuropeFX Traders Dashboard

Does EuropeFX Have an Educational Section?

Yes, EuropeFX has an education section on the official website that can be accessed free of charge.

 

What is the content of EuropeFX Forex Education?

EuropeFX has a dedicated Education Section which covers the following:

  1. Forex education video series
  2. EuropeFX Video Tutorials
  3. Articles and Tutorials

The Forex Education Video Series covers the following topics:

  1. Forex 101 – The Basics
  2. The Complete Guide to MT4
  3. Indicators and Charts
  4. Cryptocurrency Trading
  5. The Complete Guide to Candlesticks
  6. The Ins and Outs of Stock Trading

Other videos covered in the Forex Education Video Series also includes:

  1. Basic Forex Concepts
  2. When to trade forex
  3. Trading terminology and where am I going long
  4. How to trade with leverage and several more.

The EuropeFX Video Tutorials provide in-depth videos that explain some of the following topics:

  1. What is a CFD?
  2. What is an Index?
  3. What is a Stock?
  4. Margin Call
  5. Placing a Stop-Loss Order
  6. Why Place Stop Losses

Articles and Tutorials featured on the EuropeFX website include some of the following topics:

  1. Understanding Free Margin and how to calculate founds for withdrawal
  2. Understanding OTC Markets and several others

Is EuropeFX Legit?

Yes, EuropeFX is a legit Forex Broker and Trade Platform that has regulation and authorization through the Cyprus Securities and Exchange Commission (CySEC).

Is EuropeFX Safe?

Yes, EuropeFX is a reliable and safe Forex Trade platform where regulation and stringent safety protocols are concerned. EuropeFX is regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC).

EuropeFX follows the Markets in Financial Instruments Directive (MiFID II). MiFID II provides a regulatory environment that is harmonized for all investment services in the European Economic Area (EEA).

Is EuropeFX a Good Broker?

Yes. According to the Forex Suggest review, EuropeFX is a good broker with regard to trading speed, security, cryptocurrencies, and online support.

Where trading speed is concerned, the STP execution offered by EuropeFX not only provides an open and transparent way to trade forex and other instruments but ensures fast and reliable trade execution.

In terms of security, EuropeFX uses innovative 128-bit encryption. All financial transactions which are carried out are through EuropeFX’s licensed and regulated processors on servers that are PCI-compliant.

Where cryptocurrencies are concerned, EuropeFX offers the trade-in Dash, Bitcoin, Litecoin, and others.

With online support, EuropeFX offers forex traders with live chat 24 hours a day, 5 days a week.

What is the Offering of Investment in EuropeFX?

Offerings of EuropeFX can be found below.

Feature EuropeFX
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  No

Does EuropeFX have Nasdaq?

Yes, EuropeFX offers the trade-in Nasdaq.

Nasdaq, known as the US Tech 100 or the Nasdaq composite, is the second-largest stock exchange by market capitalization. Nasdaq tracks the top technology stocks in the US.

What are the Awards of EuropeFX?

There are no awards indicated for EuropeFX on the official website.

How to Use EuropeFX for Forex trading?

To use EuropeFX, a forex trader should have the necessities below:

  1. Traders must have a copy of their identity document along with proof of their residential address for EuropeFX’s “Know Your Client” or KYC process.
  2. Traders must be 18 years old or older to register an account.
  3. Traders must be able to pay a minimum of €200 to start trading. Traders must note that a minimum of at least €1,000 is recommended.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of EuropeFX.

How to open a Forex trader account with EuropeFX?

To open a Forex Trading account with EuropeFX, a trader should follow the steps below.

  1. Traders can visit the official EuropeFX website and select the yellow “Open Account” banner from the top of the webpage.
  2. An online application will load, and forex traders must complete this to sign-up for the client portal on the official EuropeFX website.
  3. Traders must provide their first and last name, email address, a user-selected password, country of residence, and mobile number.
  4. Lastly, the forex trader must select that they are not a US citizen, that they are over the age of 18, accept the Privacy Policy, the Terms and Conditions, and the Risk Disclosure before selecting “Getting Started.”
  5. A pop-up window will inform the forex trader that they must complete the registration process before they can deposit the minimum amount.
  6. This will require that the forex trader provide their first, middle, and last name, passport, identity, or driving license number, date of birth, and their full residential address.
  7. Once completed, forex traders must provide proof of their identity and their residential address before their account can be verified and approved.

What is the Forex Trader Account Types with EuropeFX?

Forex Trading Platform and Financial Asset Management Institution EuropeFX have 5 different account types that are offered.

EuropeFX Account Types are listed below. 

  1. Demo Account
  2. Bronze Account
  3. Silver Account
  4. Gold Account
  5. Platinum Account
  6. Premium Account

      1. Demo Account

EuropeFX offers forex traders with a demo account that can be used as:

  • A practice account by beginner forex traders to build skill and experience in trading forex
  • By advanced traders who want to develop and test their forex trading strategies before they use them in a live trading environment.
  • By traders who want to explore what EuropeFX is offering before they register for a live account.
  1. 2. Bronze Account

The Bronze Account is the entry-level account that is perfect for beginner traders who are just starting out and low-volume traders. The features on the EuropeFX Bronze Account are as follows:

  • Minimum deposit from €1,000
  • Relationship manager for a trial period
  • Trial period on Trading Central Daily Newsletter
  • Trial period on Trading Central Premium
  • 1 Private one-on-one trading academy session
  • Online chat support
  • Access to a demo account
  • STP/No-Dealing Desk
  • Access to all trading platforms
  • Maximum leverage up to 1:30
  • Stop-out level of 50%
  • Access to the online education center
  • Access to various webinars and seminars
  • Variable spreads which start from 0.1 pips
  • Standard Trading Commissions

      3. Silver Account

This account is intended for traders who have built up some trading experience and who are ready to refine their trading. The EuropeFX Silver Account has the following features:

  • Minimum deposit from €2,500
  • Relationship manager
  • Trading Central Daily Newsletter
  • Trial period on Trading Central Premium
  • Up to three sessions with the private one-on-one trading academy
  • EuropeFX Investments with Mirror Trader
  • Online chat support
  • Access to a demo account
  • STP/No-Dealing Desk
  • Access to all trading platforms
  • Maximum leverage up to 1:30
  • Stop-out level of 50%
  • Access to the online education center
  • Access to various webinars and seminars
  • Variable spreads which start from 0.1 pips
  • Standard Trading Commissions

      4. Gold Account

The Gold Account is a popular choice amongst more advanced traders, allowing them to get the best from their trading while they gain more experience in trading. The features of the EuropeFX Gold Account are as follows:

  • Minimum deposit from €10,000
  • Relationship manager
  • Trading Central Daily Newsletter
  • Trading Central Premium
  • Up to 4 sessions with the private one-on-one trading academy
  • Two private trading sessions per month
  • Access to the event room and one event per month
  • SMS Trading Notifications
  • EuropeFX Investments with either Mirror Trader and/or RoboX
  • A 10% discount on Trading Commissions
  • Online chat support
  • Access to a demo account
  • STP/No-Dealing Desk
  • Access to all trading platforms
  • Maximum leverage up to 1:30
  • Stop-out level of 50%
  • Access to the online education center
  • Access to various webinars and seminars
  • Variable spreads which start from 0.1 pips

      5. Platinum Account

The Platinum Account offers forex traders with some of the best trading conditions, in addition to these features:

  • Minimum deposit from €25,000
  • Relationship manager
  • Trading Central Daily Newsletter
  • Trading Central Premium
  • Up to eight sessions with the private one-on-one trading academy
  • Four private trading sessions per month
  • Access to the event room and two events per month
  • SMS Trading Notifications
  • EuropeFX Investments with either Mirror Trader and/or RoboX
  • A 25% discount on Trading Commissions
  • Online chat support
  • Access to a demo account
  • STP/No-Dealing Desk
  • Access to all trading platforms
  • Maximum leverage up to 1:30
  • Stop-out level of 50%
  • Access to the online education center
  • Access to various webinars and seminars
  • Variable spreads which start from 0.1 pips

      6. Premium Account

The EuropeFX Premium Account is for professional traders who trade high volumes frequently. This account type has the following features:

  • Minimum deposit from €50,000
  • Relationship manager
  • Trading Central Daily Newsletter
  • Trading Central Premium
  • Up to 16 sessions with the private one-on-one trading academy
  • Eight private trading sessions per month
  • Access to the event room and four events per month
  • SMS Trading Notifications
  • EuropeFX Investments with either Mirror Trader and/or RoboX
  • A 50% discount on Trading Commissions
  • Online chat support
  • Access to a demo account
  • STP/No-Dealing Desk
  • Access to all trading platforms
  • Maximum leverage up to 1:30
  • Stop-out level of 50%
  • Access to the online education center
  • Access to various webinars and seminars
  • Variable spreads which start from 0.1 pips
  • Trial Period on VIP Services

How to Withdraw Money from EuropeFX?

To withdraw money from EuropeFX, the following should be done:

  • Traders can log into the EuropeFX website with their credentials and navigate to “Withdraw.”
  • This will load the withdrawal request page where traders can submit their withdrawal request containing their information, account ID, withdrawal amount, payment method, and all other relevant details.
  • Traders must note that funds can only be withdrawn to the same source which was used for deposits.
  • There are some withdrawal fees that may be charged depending on the amount withdrawn and the method used.
  • EuropeFX does not allow for withdrawals to third parties.
  • Where credit card deposits and withdrawals are concerned, forex traders must provide credit card copies before the withdrawal can be executed.

How many days do deposits take with EuropeFX?

This will depend on the deposit method that forex traders use. Whereas some deposit methods may take up to a few business days, such as in the case of bank wire transfers.

What are the costs and fees with EuropeFX?

The fees that forex traders can expect with EuropeFX relate to spreads, commissions, overnight fees, and margin requirements. 

The spread can be defined as the difference between the bid and the asking price, which is indicated in pips, and which can fluctuate depending on market conditions. Commissions are often charged as a flat fee or rate charged per lot, per side on certain trading accounts.

Swap, overnight, or rollover fees are charged on certain positions that are held open overnight or over weekends after trading has concluded. Traders can either be debited or credited swaps depending on whether they hold a long or a short position. 

Margin requirements or calls are the collateral that must be paid by the trader at the beginning of the trade. Leverage lowers these requirements significantly. However, leverage must be used wisely.

What are the Trading Fees with EuropeFX?

The Forex Trading Fees with EuropeFX are below. 

  1. Spreads: from 0.1 pips on all accounts
  2. Commissions: from 7%
  3. Swap fees – On EUR/USD with a 100,000-contract size, traders can expect a long swap of -7.09 and a short swap of -2.22, which translates to €6.17 per night.
  4. Stop-out level of 50%

What is the minimum deposit in EuropeFX?

The recommended minimum initial amount is 200 EUR. 

What are the contract specifications in EuropeFX?

Feature EuropeFX
Forex Trading Yes
CFDs 200+
Forex Pairs 40+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 3+
Social Trading  No

Does EuropeFX have promotional offers?

No, EuropeFX does not have any promotional offers indicated on the official website.

Does EuropeFX have a welcome bonus?

No, EuropeFX does not have a welcome bonus.

A welcome bonus is offered to traders who register a real account for the first time and provides them with trading credit. 

Does EuropeFX have a deposit bonus?

No, EuropeFX does not have a deposit bonus.

A deposit bonus is granted to forex traders either when they register a new account or with every deposit, according to the discretion of the broker. 

Is there a commission-free trade bonus in EuropeFX?

No, EuropeFX does not offer forex traders with a commission-free trade bonus.  

Is there a VIP bonus in EuropeFX?

No, EuropeFX does not offer forex traders with a VIP bonus.

Can you start trading with no money at EuropeFX?

No, you cannot start trading with no money at EuropeFX. To start trading, traders can start with a minimum deposit of €200 on the Bronze Account, but EuropeFX recommends that traders deposit a minimum of €1,000.

How does leverage work with EuropeFX?

EuropeFX offers its retail traders with leverage up to a maximum of 1:30, while professional clients have access to 1:200.

Leverage is a useful tool that allows traders to open larger positions by lowering the margin requirement or call that is needed at the start of each trade as collateral. Leverage can maximize the trader’s profit potential, but it can also expose traders to significant losses.

Where are the headquarters of EuropeFX?

EuropeFX is headquartered in Limassol, Cyprus, with offices in Germany.

Who is EuropeFX’s CEO?

The CEO of EuropeFX is Keith Ioakim, who has held the position for an undisclosed number of years. There is no official information on the education or history of Keith Ioakim, according to official sources.

What are the social media accounts of EuropeFX?

Traders can follow EuropeFX on the following social media accounts:

  • Facebook
  • Instagram
  • Twitter
  • LinkedIn
  • WhatsApp
  • Telegram
  • Viber

How many employees do work for EuropeFX?

EuropeFX has between 50 and 100 employees, according to official sources.

What are the opinions about EuropeFX?

EuropeFX is well-known for being a reputable forex broker that offers comprehensive trading solutions for both beginner and professional forex traders. EuropeFX is known for offering a variety of tradable financial instruments, a choice in trading accounts, and powerful trading software.

What are EuropeFX Contests?

EuropeFX does not run any contests.

EuropeFX does not currently have any contests, and there are no announcements on the official websites that indicate whether there will be contests held in the future.

Does EuropeFX have online support?

Yes, EuropeFX offers online support to forex traders through a live chat option along with access to WhatsApp, Telegram, and Viber. This allows forex traders with a choice in online channels to contact EuropeFX 24 hours a day, 5 days a week.

Does EuropeFX offer demo accounts for Forex trading?

Yes, EuropeFX offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Traders can visit the EuropeFX official website and hover over any of the drop-down sections.
  2. At the bottom, traders can select “Open Risk-Free Demo Account.”
  3. A new page will load, along with an online application to register for the EuropeFX client portal.
  4. Once traders have completed their registration, they can log in and scroll to Demo Accounts on their dashboard.
  5. Here, the forex trader will find that a demo account was automatically created.
  6. The forex trader can select “Trade” and start using the demo account.

Does EuropeFX have a mobile app for Forex trading?

Yes, EuropeFX offers the Direct App for Android and iOS. 

The eFXGO! mobile trading app offers traders more than 100 tradable financial instruments, stand-alone trading suites, easy trade execution and modification, and a user-friendly client area.

EuropeFX Mobile App

Does EuropeFX publish an economic calendar?

Yes, EuropeFX publishes an economic calendar that can be viewed on the official website.

The EuropeFX economic calendar is fully customizable and allows forex traders to view and set filters for specific events which may affect their trading. Traders can select from event importance, country settings, and language for their custom view.

EuropeFX Economic Calendar

What is the communication information of EuropeFX?

EuropeFX has two main telephone numbers along with mobile numbers for online support, including:

  • Cyprus Office – +357 24 022 444
  • Germany Office – +49 305 888 3346
  • WhatsApp, Viber, and Telegram – +35 799 899 693

 

The main address of EuropeFX is 46 Ayiou Athanasiou Avenue, Floor 1, Office 101, 41202 Limassol, Cyprus.