EuropeFX review and tutorials

EuropeFX Review Forex & Crypto Broker Review 2020

Detailed EuropeFX Review 2020: Forex, CFD'S and Crypto Regulated Broker

EuropeFX main features and highlights
 Trading fees class Low
 Inactivity fee charged Yes
 Withdrawal fee amount €0- €20
 Minimum deposit 200
 Time to open an account fast
 Deposit with credit/debit card Available
 Depositing with an electronic wallet          Available
 Demo account provided Yes
 Products offered Forex, CFD, Crypto and more
 Trading Platforms MT4/ EuroTrader 2.0/ Tradeworks
 Mobile App EFXGO! Proprietary app pre-loaded with analysis tools
 Security Level  Highest Level
 GDPR Compliant Yes


EuropeFX is owned and operated by MAXIFLEX LTD. 

MAXIFLEX LTD is registered as a Cyprus Investment Firm (CIF) with the registration number HE327484 and licensed by the Cyprus Securities and Exchange Commission (CySEC)  in November 2014 under license number 258/14.

EuropeFX is an established Broker with branches in Cyprus and Germany. 

Our analysis of EuropeFX will take a close look at this STP broker.

EuropeFX Review Forex & Crypto Broker Review 2020

EuropeFX trading information

Bonus
Not as Credited funds but do propose discounts on swaps and on commissions up to 75%
Instruments
CFD, Forex, Crypto, Stocks, Indices, Shares and more.
Demo Account
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots ( but stocks and indices: 0.1)
Regulated By
CySEC, MiFID II
MT4 Integration
Yes
Mobile Apps
iOS, Android and Windows
Auto Trading
Via Tradency
Trade Signals
via Trading Central & Tip Ranks
Islamic Account
No
EuropeFX Review Forex & Crypto Broker Review 2020

Forex

GBPUSD Spread
average spread 0.1 pips (variable spread)
EURUSD Spread
average spread 0.1 pips (variable spread)
EURGBP Spread
average spread 0.15 pips (variable spread)
Assets
Forex, Stocks, Commodities, Indices, Cryptocurrencies

CFD

FTSE Spread
11 points
GBPUSD Spread
N/A
Oil Spread
start from 0.6 spread (variable spread)
Stocks Spread
start from 1 pips

Cryptocurrency

Spread
may vary
Coins
N/A

Official EuropeFX Registration

EuropeFX Forex Broker Review 2020
EuropeFX Review: brokers website

New EuropeFX broker review – updated July 1st, 2020.

EuropeFX offers STP execution on all of its trades and a wide range of tradable assets. The broker provides its clients with comprehensive trading tools and services to deliver a better, more convenient, and more efficient trading experience.

EuropeFX is a very secure broker, secured by 128-bit encryption, and all of its financial transactions are carried out on PCI-compliant servers via payment regulated processors. EuropeFX is licensed and regulated by CySEC.

EuropeFX Video Review

EuropeFX review
Pros & Cons

Pros

  • CySEC regulated broker
  • Functional and efficient platforms
  • Quite ordered website interface, easy to understand for a trader of any rank. Provides extensive information about what each type of account has to offer
  • Professional 24/7, multilingual service to customers
  • Offers free educational tools
  • Offers mirror trading
  • Offers Auto Trading & Trade Signals
  • Highly reliable and secure

Cons

  • Minimum deposits are higher than other brokers.
  • As of June 4th 2020, EuropeFX will no longer take on new UK traders

EuropeFX review
Summary of Ratings for EuropeFX

  • PLATFORMS 95%
  • TRADABLE ASSETS 100%
  • SPREADS 90%
  • TRADER EDUCATION 100%
  • CUSTOMER SERVICE 100%

EuropeFX review
Trading Accounts

EuropeFX offers its customers various accounts, all differing in the functionality they have.

Despite their differences, all accounts have the following offerings:

  • STP/NDD (No dealing desk execution)
  • Stop out level at 50%
  • Total leverage up to 1:30. Up to 1:200 for pro accounts
  • Tight, variable spreads
  • Availability of useful educational tools
  • A free demo account to experiment with platforms
  • Customer care available via online chat, direct calls, and emails
EuropeFX Broker Review 2020: Account types

Bronze Account

EuropeFX’s Bronze account is the broker’s most straightforward account. For this account the minimum deposit is €1000. You get a relationship manager on a trial period with this account, as well as the Trading Central Daily Newsletter.Furthermore, you will receive premium signals from the Trading Center on a trial period, too.

Additionally, you get a private one-on-one session at the Trading Academy of EuropeFX.

The Bronze account does not provide private trading sessions, Event Room access, SMS trading alerts, or VIP services. Nor do you have access to copy trading tools like Mirror Trader and RoboX. Trading commissions with Bronze Account are standard.

☑ Relationship Manager – Trial Period
☑ Trading Central Daily Newsletter Trial Period
☑ Trading Central Premium Signals Trial Period
☑ Private One on One Trading Academy 1 Session
☑ Trading Commission Standard

Silver Account

EuropeFX’s Silver account offers some additional features to the Bronze account. This account has a minimum deposit of €2500. You get a relationship manager with this account, and you receive the Trading Central Newsletter daily. Also on a trial period, you can get premium signals from the Trading Centre.

You also get 3 private one-on-one meetings a month at the Trading Academy of EuropeFX.

The Silver account does not provide private trading sessions, Event Room access, SMS trading alerts or VIP services. You do have access to Mirror Trader, the copy trading tool. Trading commissions with Silver Account are standard.

☑ Relationship Manager
☑ Trading Central Daily Newsletter
☑ Trading Central Premium Signals Trial Period
☑ Private One on One Trading Academy Up to 3 Sessions
☑ EuropeFX Investments Mirror Trader Only
☑ Trading Commission Standard

Gold Account

EuropeFX’s Gold account offers some supplementary features to the Silver account. This account has a minimum deposit of 10,000 euros. You get a relationship manager with this account, and you receive the Trading Central Newsletter daily. In addition to that, you’ll receive premium signals from the Trading Center.

In addition, you get four private one-on-one sessions at the Trading Academy of EuropeFX, as well as two private trading sessions per month, access to the Event Room (one event per month), and SMS Trading Notifications. In addition, you’ll have access to Mirror Trader and RoboX copy trading tools. Trading commissions with the Gold account have up to a 10 percent discount. There are no VIP services available.

☑ Relationship Manager
☑ Trading Central Daily Newsletter
☑ Trading Central Premium Signals
☑ Private One on One Trading Academy Up to 4 Sessions Total
☑ Private Trading Sessions 2 sessions per month
☑ Access to Event Room One event per month
☑ SMS Trading Notifications
☑ EuropeFX Investments Mirror Trader and RoboX
☑ Trading Commissions Up to 10% discount

Platinum Account

EuropeFX’s Platinum account offers some additional features to the Gold account. For this account, the minimum deposit is 25,000 euros. You get a relationship manager, and you receive the Trading Central Newsletter daily. Besides that, you’ll receive premium signals from the Trading Center.

You also get eight private one-on-one sessions at the Trading Academy of EuropeFX, as well as four private trading sessions a month, access to the Event Room (two events a month), and SMS trading alerts. In addition, you’ll have access to Mirror Trader and RoboX copy trading tools. Trading commissions with the Platinum account have up to a 25 percent discount. There are no VIP services available.

☑ Relationship Manager
☑ Trading Central Daily Newsletter
☑ Trading Central Premium Signals
☑ Private One on One Trading Academy Up to 8 Sessions Total
☑ Private Trading Sessions 4 sessions per month
☑ Access to Event Room 2 Events per Month
☑ SMS Trading Notifications
☑ EuropeFX Investments Mirror Trader and RoboX
☑ Trading Commissions Up to 25% discount

Premium Account

EuropeFX’s Premium account offers some extra benefits as opposed to the Platinum account. The minimum deposit is 50,000 euro. With this account, you get a relationship manager, and you receive the Trading Central Newsletter on a daily basis. In addition to this, you will receive premium signals from the Trading Center.

You will get seventeen personalized one-on-one meetings at the Trading Academy of EuropeFX, as well as eight private trading meetings every month, admission to the Event Room (two events every month), and SMS Trading Notifications. Furthermore, you will have access to the copy trading tools Mirror Trader and RoboX. Trading commissions have up to a 25 percent discount with the Platinum account. On a trial period, VIP services are offered.

In fact, EuropeFX provides VIP accounts for more experienced traders looking for more competitive prices. Customers with a VIP account can receive up to 1:300 leverage as well as great discounts on trading commissions (up to 75%). They also receive top-quality educational materials and unique trading tools. Professional traders often have priority when scheduling lessons.

There are three account forms that are part of the VIP program – with each account; various unique features are unlocked.

You need to deposit between $200,000 and $500,000 to have access to the Diamond account, while for the Elite account, you need to deposit between $500,000 and $1,000,000. Finally, to access EuropeFX’s Prestige account you must deposit more than $1,000,000.

☑ Relationship Manager
☑ Trading Central Daily Newsletter
☑ Trading Central Premium Signals
☑ Private One on One Trading Academy Up to 16 Sessions Total
☑ Private Trading Sessions 8 sessions per month
☑ Access to Event Room 4 Events per Month
☑ SMS Trading Notifications
☑ EuropeFX InvestmentsMirror Trader and RoboX
☑ Trading Commissions Up to 50% discount
☑ VIP Services Trial Period

EuropeFX review
Account Opening & KYC

As per CySEC’s regulation, every account needs to be verified prior to trading- guaranteeing no identity theft or money laundering is occurring.

We were particularly impressed with the effectiveness of the process: the personal contact from the professionalism of the*Compliance Department and the steps to follow, directly within the client area at our disposal, made the process convenient. We were also very impressed by the levels of security, it reassured us that our personal data was in safe hands
EuropeFX’s Compliance Team checked the documentation we provided and in less than 12 hours, the account was activated for trading. The whole process was straightforward and swift.

It is fairly simple and straightforward to open an account with EuropeFX.
You will need to check your account after you have registered with your details such as name, surname, date of birth, phone number, email, etc. To do this, the following documents must be submitted:

  • A utility bill (less than three months old) or bank statement
  • ID, passport, or driving license. UK customers are required to provide their national insurance number while other countries are required to share their tax identifier number.

Because the broker offers a wide range of accounts to choose from, there is something for everyone.

EuropeFX review
Trading Terms

We found that EuropeFX values the security of their client funds highly, and prioritizes this by strictly following their regulators’ guidelines. EuropeFX is regulated by CySEC (Cyprus Securities and Exchange Commission).

CySEC authorizes brokers to offer various services such as investment analysis, portfolio management, execute customer-specific offers, etc.
CySEC requires brokers to provide negative balance protection, electronic verification and to keep customer funds separate from company funds.

Because of the regulations imposed by its regulator, EuropeFX keeps the funds of its clients separate from the company accounts.

EuropeFX also complies with MiFID II (Markets in Financial Instruments Directive) which seeks to ensure that brokers provide financial clarity and better security for customer funds.
On top of this, ICF (Investor Compensation Fund) controls EuropeFX. ICF’s goal is to shield clients and provide insurance shares if the brokerage business they use goes bankrupt. Funding for creditors is covered up to €20,000.

EuropeFX provides execution via STP (Straight-Through Processing). STP allows freedom from human intervention for the execution process. In execution of STP, the broker’s fee is included in the range, so the end cost of trading is the same as with ECN execution.

The broker has very good trading conditions: The spreads are tight, and the fee discounts are fantastic.
Normal accounts have leverage up to 1:30 due to the new ESMA regulation, while professional accounts have leverage up to 1:200.

The base currencies can be traded at EUR and GBP.
There are many ways to deposit funds, such as a visa/credit card, bank wire, and numerous e-wallets such as Skrill, SafeCharge, Sofort, Emerchantpay, Ideal, GIROPAY, etc.

Deposit fees do not apply, however withdrawal fees may apply of 20 EUR/GBP.

EuropeFX review
Spreads

europefx instruments

EuropeFX provides raw spreads for all of its assets, which ensures that the spreads come directly from the liquidity suppliers and the broker doesn’t charge anything extra. Depending on the asset, spreads can be as low as 0.1 pips, for example, EUR/USD will normally be very low, while some other currencies will be higher.

EuropeFX review
Minimum Deposit

The minimum deposit required to open an account is $200 but EuropeFX makes it clear that they are recommending at least $1000 so that you can maintain proper risk management and improve the account’s profit potential.

EuropeFX review
Deposit Costs & Methods

There are several different methods of depositing with EuropeFX and the positive thing is that there are no costs associated for any of them.
You can currently use Visa or MasterCard, debit or credit card, Skrill, Sofort, iDeal, Giro Pay, Safety Pay, TrustPay, Euteller and Przelewy. Please note that when conducting a bank wire transfer, your own bank can charge a fee so be sure to check with your bank before making a deposit.

EuropeFX deposit options

EuropeFX review
Withdrawal Costs & Methods

You can withdraw using the same methods as for depositing. Unfortunately, there is a €20 (or equivalent currency) charge on each withdrawal processed by the broker.


Your own bank may also charge a fee (in addition to the EuropFX fee) so make sure to check with your bank before you make a withdrawal request to avoid any surprise.

EuropeFX withdrawal options

Withdrawal Processing & Wait Time

It should take between 1 to 3 business days to receive your funds based on your selected withdrawal method.
When we tried, we received the confirmation of processing in less than 24 hours and could see the actual funds on our bank account after 72 hours- it must have been the bank processing time.

EuropeFX review
Methods Promotions & Bonuses

There is a EuropeFX VIP Program on sale. This provides a number of different benefits including increased leverage up to 1:300, a 75% discount on trading commissions and swaps, daily private trading sessions, full offline and online education access, one-on-one sessions with priority bookings, daily access to the event room, SMS trading notifications, and expedited withdrawals.

You can have a VIP program trial by simply opening a premium account – there are several different levels of the VIP program and they require a different amount of points – obtaining points is easy. Just trade, and the more you trade, the more points you receive.

EuropeFX review
Platforms to Trade On

EuropeFX offers its traders the renowned MT4 (MetaTrader) platform. The fintech company MetaQuotes built MT4 – the platform is well-known and enjoyed by traders around the world. MT4 was built on the programming language MQL4, and published in 2005. The framework features several modeling tools and offers up to nine timeframes. There is a library with more than 50 technical indicators that’s built-in the platform.

EuropeFX Review: Platforms, MetaTrader, MT4

MetaTrader 4 is, for good reason, one of the most common trading platforms worldwide. Released by MetaQuotes Software in 2005, it’s been around for some time. It’s stable, flexible and full of features to help with your trade and analysis. MT4 is compliant with hundreds and thousands of different indicators, specialist consultants, signal suppliers and more. Millions of people use MT4 for their interactive charts, various timeframes, one-click selling, business copying and more. MT4 is second to none in terms of accessibility, available as a desktop download, an app for Android and iOS devices and as a WebTrader where you can trade from within your internet browser. MetaTrader 4 is a great platform to trade with.

MT4 offers specialized forms of orders such as Market Orders, Pending Orders, Stop Orders and Trail Stops. In addition, MT4 offers technical indicators and design indicators that allow traders to make tailor-made indicators that target technical analysis. The framework is available on most operating systems – on browser and smartphone apps for Android and iOS, as downloadable software in both cases.

MT4 is perfect for inexperienced traders as the platform provides knowledge that is clear and transparent. The interface is clean and user-friendly, and the app is highly compatible when in use and does not overpower the PC. The interface helps you to select from three trade execution models:

  • Rapid execution
  • Carrying out on order
  • Market execution

A pending order can either be a stop-loss, stop or limit order. MetaTrader4 allows for automated trading, which is very popular with modern traders. Since the software is highly flexible, a large range of EAs (Expert Advisors) are available for installation.

The platform is available in a variety of languages, because MT4 has been used on such a large scale. In addition to this, the posting of messages encourages contact between brokers. It’s highly customisable and also very safe. MetaQuotes has launched another common platform called MT5 (MetaTrader 5), which a lot mistake as a MT4 upgrade. It is not; instead it is a totally new place for an alternative trading experience.

EuropeFX offers a vast variety of financial instruments across six asset classes:

  • Forex: Pairs of major, minor, and exotic currency.
  • CFDS: Contracts for Difference. These are arrangements between a buyer and seller to share the difference between price of purchase and price of sale for two assets.
  • Indices: You are investing in numerical changes in the market value of a given sector.
  • Shares: Stocks of popular public firms such as Facebook, Google, Apple etc.
  • Commodities: Hard and soft products such as gold, copper, natural gas, crude old and corn, cotton, wheat, and so on.
  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple XRP, and Dash are popular cryptos.
EuropeFX Trading Assets: Forex, Stocks, Commodities, Indices, Cryptocurrencies

EuropeFX provides two Auto Trading tools through Tradency: Mirror Trader and RoboX:

Mirror Trader is an add-on tool the was created by the fintech firm Tradency and on offer at the EuropeFX platforms. Mirror Trader records all possible trades and strategies on the network which can encourage traders to suit their trading portfolio. Mirror Trader functions as a group – traders with carefully established, profitable trading strategies encourage others to duplicate their trades for a cost.

Another tool offered by EuropeFX is RoboX, which was also developed by Tradency. This tool is based on a proprietary algorithm that matches your trading profile and aspirations to available strategies.

Both tools have vast communities of strategy providers that can make your long-term trading experience more lucrative.

Tools for Educating Traders

EuropeFX takes the education of traders very seriously and offers its traders plenty of useful resources to help them educate and train themselves in the market. Both the beginner traders and the more advanced ones have plenty of materials available.

europe fx
  • Trading EBooks: Broad online e-book on trading that’s simple to follow. The eBook pages unlock and provide you points as you go forward. Three eBooks are available: The first eBook aims to help traders learn new skills in Forex trading to succeed. The second book helps traders excel in trading stocks, and the third e-book focuses on CFD trading success.
  • Video Academy: Video courses are designed in the same way as the eBook course – you need to earn points by taking a test at the end of each video course to unlock new videos. The video course topics include forex trading, market analysis, trading psychology, trading strategies, mobile walk-through for MT4, technical indicators, signals, inventories, CFDs, and indicators.
  • Trading Glossary: EuropeFX provides a detailed glossary with a variety of financial terms and their definitions.
  • Economic Calendar: The economic calendar contains the most important economic events that can affect financial markets around the world.
  • Market News: the latest global financial-market news. Each report is updated regularly to ensure customers have the most up-to-date information available.
  • Webinars: They host live webinars weekly. The webinars are highly educational and detailed; the broker offers margin measurement preparation, FED interest rate decision making, market analysis, technical and basic education, and more.
  • FAQs: A comprehensive list with frequently asked questions, ranging from trading topics to how to open an account, deposit the first funds and more.
  • Trading Central: A wide selection of quantitative analysis and industry perspectives.
  • Market Watch: Monitor economic indicators and bond, commodity, currency and stock schedules.
  • Market Reviews: Daily market updates prepared by in-house financial analysts at EuropeFX.
  • Blog: An interesting blog that is regularly updated on topics related to trading such as business, politics, and finance.

EuropeFX review
Customer Service

It is important to mention the excellent Customer Support EuropeFX offers.

The customer support team is available 24/5 and the level of customer support is superb.
The team is multilingual, friendly, knowledgable, quick, and very attentive to work with. We connected very quickly with the team and received relevant feedback regarding our queries.

EuropeFX customer service information

EuropeFX review
EuropeFX Demo Account

Simply sign up to open one.
You can open a demo account on your own once logged-in, and it will last indefinitely as long as being used – if left dormant for too long the demo account will be closed to free up server space.
If this happens simply open up a new one.
Please note that there’s a transparency disclaimer notice on the site that trading conditions in demo accounts may differ slightly from real live accounts.

EuropeFX review
Countries Accepted

EuropeFX does not offer its services to citizens of the United States, Iran, Cuba, Crimea, Sudan, Syria, New Zealand, North Korea, and several other unspecified jurisdictions. If you are unsure if you are eligible for an account, do not hesitate taking advantage of the Customer Support availability and check with them.

EuropeFX Official Social Channels

EuropeFX Official Twitter https://twitter.com/Europefx_
EuropeFX Official Facebook https://www.facebook.com/EuropeFX/
EuropeFX Official Youtube https://www.youtube.com/channel/UCcRJtdbqaEQIw9OAv7QNHCg
EuropeFX Official Instagram https://www.instagram.com/europefx_official/
EuropeFX Official Linkedin https://www.linkedin.com/company/europefx/

EuropeFX review
Final Word

EuropeFX has proven itself to be a competent broker, with all the necessary and relevant information available and ease of access. With the new regulations in place, it is a shame to see the maximum leverage reduced to 1:30, but this is not the fault of the Broker.

On a positive side: the account managers, as well as the analysts and all the representatives we had the opportunity to talk to, were very much customer-oriented and knowledgeable. the service is quick, professional, and reliable.

FAQ

  1. Is EuropeFX safe?

    Yes. The broker that owns EuropeFX (Maxiflex Ltd) is authorized and supervised by the Cyprus Securities and Exchange Commission (CySEC) and is a member of the Investor Compensation Fund (ICF) covering clients of Cyprus Investment Firms (CIFs).

  2. Is EuropeFX a legitimate company?

    Yes, the main office is located in Limassol, Cyprus and EuropeFX is owned and operated by Maxiflex LTD.

  3. Is EuropeFX a regulated broker?

    Yes, EuropeFX is regulated by the Cyprus Securities and Exchange Commission (CySEC)

How To Begin Trading With EuropeFX

Time Needed : 0 days 0 hours 5m minutes

Start trading with EuropeFX is very simple. Just follow our short manual:

  1. Open account

    Register on the official website and open your EuropeFX trading account in your client area on the dashboard.

  2. Get verified

    Provide the needed documents in order to be verified.

  3. Fund

    Deposit funds via E-wallet, Credit/Debit card and bank wire to your EuropeFX trading account.

  4. Choose an account type

    Go through the benefits of your chosen type of account.

  5. Start trading

    Begin trading Forex, Indices, Shares, CFDs, Cryptos and Commodities.

Tools
  • PC, tablet or smartphone
EuropeFX Review Forex & Crypto Broker Review 2020

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

EuropeFX Review Forex & Crypto Broker Review 2020
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