Forex EasyForex Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

EasyForex Trading Conditions

Registered Region Australia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website www.easyforex.com.au

Balanced Review

Pros & Cons

Pros

Regulated by CySEC and ASIC
Diverse trading instruments: Forex, Commodities, Indices, Stocks, and Cryptocurrencies
Multiple trading platforms: MetaTrader 4, MetaTrader 5, and Web Platform
Variety of account types: Retail, Professional, Corporate, Islamic, and Demo Accounts
Robust customer support: Email, Live Chat, and Telephone

Cons

Limited customer support availability may affect trader assistance
High spreads compared to some competitors
Restricted trading instruments in certain asset classes
Withdrawal fees may apply under specific conditions
Lack of educational resources for new traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	EasyForex	DBG Markets	IC Markets Global	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does EasyForex Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and general traders	Low minimum deposit, user-friendly platform	Suitable for small-capital practice
Professional Account	Experienced traders	Access to advanced trading tools, higher leverage	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized services and support	Requires corporate documentation
Islamic Account	Islamic traders	Swap-free trading	Available only to eligible traders
Demo Account	All traders	Practice trading without risk	Ideal for beginners to learn trading

Account Opening Process

To open an account with EasyForex, traders must complete several steps. First, they need to provide personal information, including their name, contact details, and any relevant employment information. Following this, financial information must also be submitted to assess trading capabilities. To ensure security and compliance, identity verification is required, which includes submitting a valid ID (such as a passport or driver’s license) and proof of address. Once the account is verified, traders can start with a Retail Account and have the option to upgrade to a Professional Account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive spreads available
Forex (Minor Pairs)	Varies	$0	Depends on market conditions
CFDs (Stocks, Indices, Commodities)	Varies	$0	Subject to market fluctuations
Cryptocurrencies	Varies	$0	Variable based on volatility

Other Fees

EasyForex may charge various fees related to trading activities. These can include deposit and withdrawal fees, although specific amounts are not detailed. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, there could be overnight interest fees (swap rates) for positions held overnight. Currency conversion fees may also be applicable when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

EasyForex User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Sydney, Australia

★ ★ ★ ★ ★

I had a terrible experience with EasyForex. Withdrawing my funds was a nightmare. I requested a bank transfer, but they kept insisting I needed to use a credit card instead. I tried contacting customer support multiple times with no response. It’s frustrating and feels like a scam. I do not recommend this broker at all.

Emma Johnson

Melbourne, Australia

★ ★ ★ ★ ★

Overall, my experience with EasyForex has been positive. The trading platform is user-friendly and I appreciate the variety of trading instruments available. However, I did find their spreads a bit higher than some competitors, but the execution speed has been great for my trading style.

Michael Brown

Brisbane, Australia

★ ★ ★ ★ ★

While I liked the platform’s features, my main issue was with customer support. I faced delays in responses when I had queries about my account. It made the trading experience stressful. I hope they improve their support service in the future.

Sarah Williams

Perth, Australia

★ ★ ★ ★ ★

I am very satisfied with EasyForex! The range of trading instruments has helped me diversify my portfolio, and I found the MetaTrader platforms easy to navigate. Customer service was responsive when I needed help setting up my account. I would recommend them to anyone starting out in forex trading.

Australia Market