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EuropeFX Review and Tutorial

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EuropeFX Facts & Figures

EuropeFX is a licensed broker offering multiple trading assets, platforms & aides.

 

Awards

None

Bonus N/A
Instruments Forex, CFDs, indices, shares, commodities, cannabis stocks, pharma stocks, cryptocurrencies
Demo Account Yes
Min. Deposit €200
Pay Methods emerchantpay, Neteller, Skrill, Visa, Yandex Money
Min. Trade 0.01 lots
Regulated By CySEC
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account No
CFD
FTSE Spread Floating
GBPUSD Spread Floating
Oil Spread Floating
Stocks Spread Floating
Leverage 1:30
Forex

Trade a full range of online currency pairs.

 

GBPUSD Spread Floating from 0.1 pips
EURUSD Spread Floating from 0.1 pips
EURGBP Spread Floating from 0.1 pips
Assets 50
Cryptocurrency

Trade crypto CFDs against the US Dollar.

 

Spread Floating
Coins BTC, ETH, LTC, XRP, DSH
Risk Warning – Your capital is at risk

EuropeFX offers numerous exchanging instruments on a decision of work area and versatile applications. Our surveys weigh up the upsides and downsides of each intermediary, uncovering account wellbeing, withdrawal expenses, backing, and then some. See whether you ought to log in and begin exchanging with EuropeFX today.

EuropeFX Details

EuropeFX is possessed and worked by Maxiflex Ltd, an organization enrolled in Cyprus and managed by the Cyprus Securities and Exchange Commission (CySEC). The merchant holds an STP exchange execution permit. 

EuropeFX offers exchanging on more than 300 forex and CFDs on the MetaTrader 4 stage just as the merchant’s EuroTrader location and FXGO! Portable application. Dealers can likewise browse 5 records offering different advantages that fit the two amateurs and experienced merchants.

Trading Platforms

EuroTrader 2.0

EuroTrader is EuropeFX’s electronic exchanging arrangement. The appealing interface has a set-up of highlights, where clients can get to constant statements in the Market Watch window and exchange directly from the diagram. The stage additionally accompanies multiple periods, just as a scope of custom markers for specialized investigation. Brokers can likewise advantageously change to showcase news or the monetary schedule to stay aware of market patterns.

MetaTrader 4

For cutting-edge mechanized exchanging highlights, an MT4 stage is a superb alternative. The location is accessible both as a downloadable work area terminal (appropriate for Mac and Windows PCs), just as a web broker. 

MT4 incorporates an inherent library of 50 specialized markers and scientific apparatuses, progressed request types, and a recorded information feed. Dealers additionally approach exchanging robots (Expert Advisors) on the worldwide online local area. The web dashboard is likewise completely highlighted and can be opened effectively from a web program after enlistment.

Markets

Resource classes accessible at EuropeFX include: 

  • Stocks – Dozens of blue-chip stores, including pharma and cannabis stocks 
  • Commodities – Trade on valuable metals, agricultural, and energies 
  • Cryptocurrencies – 6 cryptos accessible, including Bitcoin 
  • Forex – 50 significant, minor, and outlandish sets accessible 
  • Indices – 13 notable stock lists and prospects

Spreads & Commission

The representative advances spread as low as 0.1 pips yet aren’t straightforward with explicit spreads on their site. The agreement determinations report subtleties of some exchanging costs, including commissions from €20 per parcel for cash sets with the Bronze record, which drops to €10 per part with higher record levels. 

For the time being, different expenses incorporate trade charges and a 50 EUR/USD/GBP latency charge following 3 months of record torpidity.

Leverage Review

Influence is accessible up to 1:30 for forex, up to 1:20 for records, 1:5 for stocks, 1:10 for wares, and 1:1 for cryptos. Proficient brokers can apply for influence up to 1:200. Subtleties of the edge prerequisites are given in the agreement determinations archive.

Mobile Apps

For versatile brokers, EuropeFX offers its FXGO! Application for iOS and Android. The application provides an independent exchanging suite with an easy-to-use customer region and synchronization to EuropeFX accounts. Likewise, the application accompanies constant market information, progressed graphing instruments, and in-application admittance to the EuropeFX Analysis gateway.

Brokers can likewise partake inconsistent progress between MetaTrader stages, with the MT4 versatile and tablet application. The application offers all request types and execution modes, entire exchange history, intelligent diagrams, and custom markers. You can likewise set pop-up messages and use the portable visit discussion to keep steady over your record. The application, by and large, gets great surveys on the web. However, there are some minor grievances of specialized issues.

Payment Methods

EuropeFX offers various financing strategies, including bank moves, charge cards, and e-wallets. All techniques are approved by European controllers, including the FCA and BaFIN. Card installments and e-wallets are prepared straight away, while bank moves, for the most part, take 24 – 48 hours. EuropeFX charges no store expenses. 

The base withdrawal sum permitted is 1 EUR/USD/GBP, and the greatest is the accessible value in your record. Withdrawal charges are 25 EUR/USD/GBP, and solicitations require 24 hours to measure on the agent’s side.

Demo Account

Anybody can open a danger-free demo account with EuropeFX, which credits clients €100,000 in virtual cash. The demo account is an incredible instrument for novices who need to rehearse their abilities in a virtual climate and test out the stage’s highlights. The record will terminate 30 days after enlistment.

Bonus Review

Aside from the VIP program, which offers commissions and trade limits for proficient merchants, the representative doesn’t provide some other store different arrangements or advancements. This limitation is standard for CySEC and other top-level directed specialists. 

On the off chance that EuropeFX presents rewards, consistently check the agreements before you begin exchanging.

Regulation

Maxiflex Ltd (EuropeFX) is enlisted as a Cyprus Investment Firm (CIF) and is controlled by the Cyprus Securities and Exchange Commission (CySEC), under permit number 258/14. 

By CySEC guidelines, the agent holds customer assets at isolated European financial balances and gives adverse equilibrium insurance. The intermediary likewise safeguards customers up to 20,000 EUR in case of indebtedness, as a feature of the Investor Compensation Fund. 

Be that as it may, while controlled by the CySEC, the proprietor has ended up being scrutinized by the Australian Securities and Investments Commission (ASIC) for running an online trick where customers didn’t get their cashback. Subsequently, the agent has needed to stop its activities situated in Hornsby, Australia. This should fill in as a notice, and dealers might need to think about different intermediaries first.

Additional Features

There’s a decent choice of extra assets accessible for dealers, including a broad video area just as an intelligent and customizable financial schedule that gets cheerful client surveys. The online courses area is somewhat restricted and could make some improvement. However, the market news and sites are genuinely exhaustive. 

EuropeFX likewise gives a few extra exchanging instruments:

  • TipRanks – Stock investigation gadgets comprising of value targets, mutual funds action, and insider exchanges 
  • Trading Central – Technical investigation and examination module for MT4 
  • Trading signals– Daily signals gave through a streaming gadget 
  • RoboFX – Automated exchanging calculation module 
  • MirrorTrader – Copy-exchanging module

EuropeFX Accounts

There are 5 live record levels: Bronze, Silver, Gold, Platinum, and Premium. The records generally vary as far as the base store and admittance to extra highlights like private exchanging meetings and VIP administrations. The suggested most miniature store begins at €1,000 for the Bronze record (however, €200 is additionally allowed), which goes up to €50,000 for the Premium record. 

All record types accompany variable spreads from 0.1 pips, the most potent influence of 1:30 and a half stop out level. The instructional hub and online visit support are additionally accessible to all records.

Benefits

There are some valid justifications to open a record with EuropeFX:

  • MetaTrader 4 platform & mobile app
  • Cannabis & pharma stocks
  • Extensive video education
  • Tradeworks software
  • CySEC regulation
  • Bitcoin trading

Drawbacks

Disadvantages of exchanging with this dealer include:

  • US and UK clients not allowed
  • Not transparent with spreads
  • Some bad customer reviews
  • No Islamic accounts

Trading Hours

EuropeFX’s foundation opening times are 24/6, Monday to Saturday. However, timings for explicit instruments fluctuate contingent upon the market. These can be found inside the exchanging stages or in the resource list on the site. All occasions are in GMT+2/GMT+3 DST.

Customer Support

There are a few different ways you can reach out to EuropeFX, including the live talk administration, which is open by tapping the logo in the base corner of the site. You could likewise utilize the Whatsapp, Viber, or Telegram visit administrations. However, these are just used for the accommodation of archives. The backing is again accessible using:

  • Email – support@europefx.com
  • Telephone contact numbers – +357 24 022 444 (CY) / +44 870 8200 300 (UK) / +49 303 080 7676 (DE)
  • Address – 46 Ayiou Athanasiou Avenue, Floor 1, Office 101, 4102 Limassol, Cyprus

The client care group can help with a scope of questions, from Bitcoin surge exchanging to close and erase a record.

Security

EuropeFX guarantees information trades are gotten utilizing 128-digit encryption on all stages. All monetary exchanges are likewise done using managed installment processors on PCI-consistent workers.

EuropeFX Verdict

EuropeFX offers work area and application exchanging administrations with various resources and different apparatuses, including Trading Central and Mirror Trader. The CySEC additionally manages the agent. However, there have been some trick worries with conclusions split on how dependable the dealer is. Somewhat more straightforwardness around spreads may assist with diminishing fears around authenticity.

Accepted Countries

EuropeFX accepts traders from Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, etc.

Traders can not use EuropeFX from United States, United Kingdom, Australia, New Zealand, Israel, Korea, Iran, Cuba, Sudan, Syria.

Alternatives to EuropeFX

If you search for options in contrast to EuropeFX, we have arranged a rundown of the best 5 specialists like EuropeFX underneath. This rundown of representatives like EuropeFX is set by closeness and incorporates organizations that acknowledge brokers from your area. 

  • Global Prime – Global Prime is a multi-controlled exchanging dealer offering 100+ business sectors. 
  • IronFX – IronFX offers web-based exchanging forex, stocks, fates, items, and digital forms of money 
  • RoboForex – RoboForex is a multi-resource online agent offering incredible exchanging helpers. 
  • Videforex – Forex specialist Videforex acknowledges stores in the scope of digital forms of money. Payouts reach 95% per exchange. 
  • FP Markets – FP Markets is a multi-resource representative contribution to a decision of exchanging stages.

FAQ

Is EuropeFX a legitimate company?

EuropeFX is enlisted and managed as a genuine organization in Cyprus. In any case, there have been few terrible surveys on TrustPilot, with clients notice that it very well may be a trick and a phony exchanging supplier.

Where is EuropeFX based?

EuropeFX has workplaces in Limassol, Cyprus, and Berlin, Germany, in addition to Malta. The merchant’s customers, notwithstanding, length nations throughout the planet.

How do I delete my EuropeFX account?

You can close your demo or live record by reaching client assistance or inside the customer dashboard.

How do I register an account with EuropeFX?

You can enroll for a live record by filling in your subtleties and presenting your personality check reports. You can then set up your customer login subtleties.

What countries does EuropeFX not accept?

EuropeFX doesn’t acknowledge customers from certain limited purviews, including the United Kingdom, the USA, Australia, New Zealand, Israel, and North Korea. A full rundown can be given by client service.

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