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Forex trading is a risky endeavor, but it can also be very rewarding. However, it’s important to choose a reputable broker to trade with. Otherwise, you could be at risk of losing your money to a scam broker.Easy FX Trade is a forex broker that has been accused of being a scam. In this review, we’ll take a look at the company and its services to see if there’s any truth to these claims.

Company Overview

Easy FX Trade Limited is the owner and operator of the business, which asserts that it is subject to ASIC and FCA regulations. Additionally, it states that it has offices in Dubai, Mauritius, Sydney, Auckland, Tokyo, Hong Kong, and London. Our main worry, though, is the company’s regulation—or rather, its absence.

Does Easy FX Trade Have Any License?

The broker states that Easy FX Trade Limited, a business purportedly approved by the Financial Conduct Authority (FCA) with registration number 502635, owns and runs the broker. The issue is that Hantec Markets Limited, the company that runs Hantec Markets, owns this registration number. We’re not even positive that Easy FX Trade is a real business.Easy FX Trade’s Website:
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Original Another broker’s website:

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Is Easy FX Trade Regulated By Any Authority?

Easy FX Trade markets itself as a broker registered by the FCA that provides trading across multiple trading platforms for a wide range of financial products. Easy FX Trade has been revealed by the FCA to be a copy of an approved company. The UK financial watchdog said in its public warning that these scammers are attempting to deceive individuals into believing they are employed by a legitimate, authorized organization by using the details of a company that is actually licensed by it. Furthermore, the FCA warned investors to exercise extra caution if they have received cold calls from Easy FX Trade staff, citing this as a common scam practice when approaching people out of the blue. 

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Pros and Cons

Pros

Cons

Low minimum deposit

Unregulated

 

No negative balance protection

 

High spreads

 

Slow withdrawals

How Does Easy FX Trade Reach To Their Prey?

Easy FX Trade uses a variety of methods to reach their prey, including:

  • Online advertising: The company runs ads on search engines and social media platforms.
  • Cold calling: The company’s sales representatives call potential customers directly.
  • Email marketing: The company sends out emails to potential customers, offering them free trials and other bonuses.

Technical Details

Minimum Deposit:

The minimum deposit at Easy FX Trade is not revealed.

Trading Platform:

Easy FX Trade offers the MetaTrader4 trading platform. This is a popular platform that is used by many forex brokers.

Spreads:

Easy FX Trade’s spreads are not disclosed.

Leverages:

Easy FX Trade did not disclose any information regarding their leverages.

Packages and Products They Offer

Easy FX Trade offers only one account type:

Trading account 

Min. deposit

Max. leverage

Spread

Standard

N/A 

N/A 

N/A 

The company also offers a variety of tradable assets, including:

  • Forex
  • CFDs on stocks
  • CFDs on indices
  • CFDs on commodities

Withdrawal and Deposit Method

Easy FX Trade offers a variety of deposit and withdrawal methods, including:

  • Credit/debit cards
  • Bank transfers
  • E-wallets

What Do Their Previous Traders Say?

Many previous Easy FX Trade traders have complained about the company’s high spreads, slow withdrawals, and lack of customer support. Some traders have even accused the company of stealing their money.

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Summing Up- Why Should Not You Trust Easy FX Trade

There are a number of reasons why you should not trust Easy FX Trade. The company is unregulated, has a clone website, and slow withdrawals. Many previous traders have complained about the company’s poor customer service and lack of transparency.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you have been scammed by Easy FX Trade, there are a few things you can do:

  • Report the company to the financial regulator in your country.
  • Contact a lawyer to discuss your legal options.
  • There are also a number of companies that specialize in recovering lost funds from scam brokers.

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    Final Thoughts

    Easy FX Trade is a scam broker. There are a number of red flags that indicate that this company is not to be trusted, including the fact that it is unregulated and has a history of complaints from previous traders.

    If you are considering trading with Easy FX Trade, we strongly advise you to reconsider. There are many reputable forex brokers available, so there is no need to risk your money with a scam broker.

    You Can Read Our Other Scam Reviews