Their must be a huge difference on how Easy Forex is run in different countries arund the world. In Australia they are the most honest forex company I have come across. I have had a couple of issues in the past but they were fixed straight away. The first time, the platform wouldn't let me close my position. I opened up a chat with them and by the time I spoke to someone the trade had gone against me 30 pips. I explained the problem and they closed the position at the price I put in when I opened the window to chat with them. The second time was a little worrying at the time. I tried to open a trade using my credit card and it was rejected, half an hour later my credit card company rang me to say 15k had been charged to my card over a period 5 minutes with a heap of transactions. I spoke to the head guy in Australia and he sorted out the problem straight away. The money was back on my card in 48 hours with many appologies.
Easy Forex does have wide spreads. I mainly trade Eur/Jpy with a 5 pip spread with a minimum 100k trade. The stops have to be placed I think between 20 & 30 pips away from the price but the do have guaranteed stops. I have watched their pricing compared to other platforms and they are never more than 5 pips out. If you are a pure scalper only chasing 5 or so pips at a time this is definetley not the platform for you.
I would give give Easy Forex 5 stars except for their spreads and charts. If you are in australia this is a great company to trade with.
There are many scam reviews on easy-forex, wonder why... I have traded with them since 2005 and NEVER had a problem, not once did they try to "scam" me. I have to say... I'm sceptical abuot some of the negative reviews, there are many other brokers trying to put this company down because of competition too you know, just think about it...
Some of the critique may be justified, but my guess is that the scam reports come from clients that lost money, got upset, and in their frustration they blame Easy Forex for their missery. Trading the forex is hard, in fact it's very hard to succeed, and most people will fail anyways, but blaming Easy-Forex is just stupid.
Some of the repeated critique on Easy-Forex is that they ask for a lot of documentation when trying to withdraw the money the first time, but they have a legitimate reason to do so. In fact, not doing a thorough background check on clients would be irresponsible, as online forex platforms are sometimes used as a tool for money laundring, where clients deposit money and then withdraw to another account without trading at all.
Another point is about the spread.... my advice is to negotiate a better spread and you will get one instantly, at least if you are an active trader.
In my case Easy-Forex has proven to be a good trading platform overall. I'm sure there are clients with bad experiences, they have areas where they could improve, but I refuse to take people serious when they are labeling Easy-Forex as a SCAM... I have been a client and traded actively with them
for years and they have been great right from the start. |