5 83 Reviews
5

EuropeFX Review Summary

EuropeFX is a relatively new broker in the forex trading industry, but despite that, the broker has already impressed both professional and novice traders for the exceptional quality this broker offers. EuropeFX was founded in 2013 and is headquartered in Cyprus. EuropeFX is owned and managed by Maxiflex Ltd. The broker has offices in Cyprus and Germany. EuropeFX follows STP (Straight Through Processing) execution which means their clients' orders go directly to the broker’s liquidity providers. As the trade does not go through a dealing desk and prices are executed by the broker’s liquidity providers, there is no conflict of interest. EuropeFX is regulated by CySEC (Cyprus Securities and Exchange Commission) which means the broker strictly follows the regulations of their regulator such as keeping all client funds in segregated accounts and therefore separate from their compahttps. In addition to this, EuropeFx strictly complies with MiFID II (Markets in Financial Instruments Directive) which allows them to provide investment services across Europe.

EuropeFX Review Highlights

Trading Platform: MT4
Cryptocurrencies Bitecoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Monero, Dash and NEO.
Regulator CySEC, AISC, MiFID II
Minimum Initial Deposit € 200
Leverage Up to 1:30, 1:200 for professional traders

Pros & Cons

Pros
  • Variety of platforms available to traders
  • Great, multilingual customer support
  • Reliable broker that is well regulated by CySec and ASIC
  • Useful research and education tools
Cons
  • High withdrawal fees compared to peers.
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Our Detailed EuropeFX Review

EuropeFX offers a variety of tradeable instruments to its clients like

  • CFDs: Contracts for Difference – an agreement between the Buyer and Seller to trade the price difference between the opening and closing price of a specific asset.
  • Forex – these are various currency pairs (majors, minors and exotic pairs).
  • Indices – refers to the statistical shift in the price of a certain portion of the market – this means shares will be traded as a group.
  • Shares – various shares of big companies like Apple, Google, etc.
  • Commodities – resources and goods produced by nature like Gold, Silver, Crude Oil, etc.
  • Cryptocurrencies – digital currencies such as Bitcoin, Litecoin, Ripple, Ethereum and Dash.

We found the account opening process with EuropeFX to be very easy as the broker’s website navigates you through the process very well. Furthermore, the large range of accounts allows traders to prioritize and pick the exact kind of account they need based on their portfolio fund and trading capabilities. The accounts are:

Bronze account: This is the simplest type of account available to EuropeFX clients. It requires a minimum deposit of a €200 but EuropeFX recommends depositing at least €1000 and offers some benefits on a trial basis, such as a relationship manager, daily newsletter, premium trading signals, and a single one-on-one trading session. Standard trading commissions apply.

Silver account: This type of account has a minimum deposit of €2500. With this kind of account traders get a relationship manager, a daily trading newsletter, premium trading signals, 3 private one-on-one academy trading sessions and Mirror Trader (copy trading tool). Standard trading commissions apply.

Gold account: This type of account has a minimum deposit of €10,000. With this kind of account traders get a relationship manager, a daily trading newsletter, premium trading signals, 4 private one-on-one academy trading sessions, private trading sessions (2 per month), access the Event Room (1 event per month), SMS trading notifications and copy trading tools Mirror Trader and RoboX. Trading commissions come with a 10% discount.

Platinum: This type of account has a minimum deposit of €25,000. With this kind of account traders get a relationship manager, a daily trading newsletter, premium trading signals, 8 private one-on-one academy trading sessions, private trading sessions (4 per month), access the Event Room (2 events per month), SMS trading notifications and copy trading tools Mirror Trader and RoboX. Trading commissions come with a 25% discount.

Premium: This type of account is the most VIP account that EuropeFX offers with all the benefits. It has a minimum deposit of €50,000. With this kind of account traders get a relationship manager, a daily trading newsletter, premium trading signals, 16 private one-on-one academy trading sessions, private trading sessions (8 per month), access the Event Room (4 events per month), SMS trading notifications, copy trading tools Mirror Trader and RoboX and VIP services for a trial period. Trading commissions come with a 50% discount.

All of the accounts are available with a demo account, online chat support, access to all trading platforms, variable spreads, educational tools and stop out levels.

EuropeFX operates with STP/NDD execution and has a maximum leverage of 1:30 (1:200 for professional traders) based on current ESMA regulations. The broker offers variable spreads which found to be quite competitive. For example, when using the Gold account, spreads are as low as 0.1 pips.

EuropeFX offers a variety of methods to deposit and withdraw funds such as through credit/debit cards, bank transfers and a variety of e-wallets/payment service providers such as Skrill, Safecharge, Softrot, Neteller, Sofort, Emerchantpay, acapture, AstroBank and Deutsche Handelsbank. Each withdrawal costs €25.

Clients’ funds are kept in segregated accounts which means they are secure, and the funds are not being utilized by the broker.

EuropeFX offers a comprehensive range of platforms to trade on. This includes the award-winning, very popular MT4 (MetaTrader 4). The platform’s software is available for download on various operating systems such as Windows and Mac aswell as Android and iOS mobile devices. MT4 is also accessible on browser through Web Terminal.

Finally, EuroFX has created a proprietary platform that they developed in-house called EuroTrader. The platform does not have downloadable software but instead it available on browser only. In addition to this, the broker has recently created a mobile platform called eFXGO.

Traders of all levels have access to EuropeFX’s research tools such as their Economic Calendar which mentions various geopolitical events around the world that may harm the financial market, regularly updated webinars, market reviews. Trading signals and a regularly updated blog. We also found Trading Central to be a very useful tool – it sends technical analysis and updates to its users.

  • Succeeding with Forex trading: This e-book focuses on teaching users to trade on the foreign exchange market.
  • Succeeding with Stock trading: This e-book focuses on teaching users to trade with stocks.
  • Succeeding with CFD trading: This e-book focuses on teachings users to trade CFDs.

Furthermore, the education center features has a broad video library that contains ‘video courses/lessons’ on forex trading, market analysis, trading psychology, etc. And finally, we found that EuropeFX offers a great glossary for learning trading terminology.

We were very impressed with the quality level of customer support that EuropeFX offers. The customer support team is available on a 24/5 basis and is multilingual. We found them to be very helpful, easy to communicate with and very attentive. The connection time was very quick, and we received relevant answers to our queries.

To conclude, EuropeFX is a broker aiming high – it pleases its clients with its range of financial instruments and the various platforms that it offers. We would highly recommend this broker to new traders too as it for great features to beginners!

EuropeFX Official Social Channels

EuropeFX Official Twitter

EuropeFX Official Facebook

EuropeFX Official Youtube

EuropeFX Official Instagram

EuropeFX Official Linkedin

Official EuropeFX Review Registration

Founded: 2013
Broker Type: STP/ECN
Languages Supported: EN, DE, IT, NL and SV
Trading Instruments: Forex, cryptocurrencies, indices, shares.
Account Types: Bronze, Silver, Gold, Platinum and Premium
Expert Advisors: Yes
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: Yes, variable
Inactivity Fee: Yes ($50)
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: USA
Trading Fees: Yes, variable
Withdrawal Fees: Yes, $25

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