Easy Forex was designed by a group of bankers and foreign exchange experts in 2001 for the purpose of providing an easy method to trade binary options for banks, businesses and individual traders. Easy Forex supports a no download platform making it completely web based. Easy-Forex is also equipped with an iPhone app that allows clients the ability to use Easy-Forex to check trades and the account information. Clients cannot execute trades with the iPhone app. Easy-Forex supports German, Greek, Polish, Hebrew, Chinese, Arabic and English.
An Easy-Forex account is easy to open and to fund. Funding can be provided with a major credit card and PayPal. The initial withdrawal requires submitting the required paperwork to establish identity and speaking with technical support on the telephone and verifying your personal and banking information.
No experience is required to use Easy-Forex, but a trader should have a basic understanding of binary options and how they work and a command of the basic Forex terminology. Using Easy-Forex is not complicated. The platform is user friendly and it takes a few steps to set up a trade.
Easy-Forex includes a user guide and a tutorial for trading Forex binary options and using the Easy-Forex system. Once a client has established an account an account representative will work with the new account holder and walk them through the initial stages of using Easy-Forex. The account manager is available during local business hours and the dealing room is open 24 hours every day of the week for technical support. The hallmark of Easy-Forex is its customer support and the help available to its clients.
There are premium services available for the more prominent clients including advanced training for traders. Each client will define the type of account they wish to open based on the level of risk the trader is willing to take. The type of account will also determine the spread ranging from 10 pips for a mini account, 7 pips for a gold account, 5 pips for a platinum account and 3 pips for a tailor made account.
The spreads represent the earnings for Easy-Forex. There are no other commissions taken by Easy-Forex, except for the renewal fee charged for rolling positions over to the next trading day. Trades can be adjusted to the trends of the moment. The adjustments are easy to make and monitor for activity to be sure the trade is working as expected. Each action taken by the trader is recorded and confirmed by automatic email, giving the trader a record of their activity. If an automatic email is not received, the trader will know to check the adjustments. Another good choice is XTrade.