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EuropeFX Review – Read Our Detailed EuropeFX Forex Review 2020

EuropeFX is an international online CFD broker, founded in 2014. Based in Cyprus, and regulated by the Cyprus Securities and Exchange Commission (CySEC), the firm operates across various jurisdictions, including Germany, Austria, Switzerland, the Netherlands, Norway, Sweden, Finland and Denmark. The broker has offices in both Cyprus and Germany. This broker offers trading in a…

EuropeFX is an international online CFD broker, founded in 2014. Based in Cyprus, and regulated by the Cyprus Securities and Exchange Commission (CySEC), the firm operates across various jurisdictions, including Germany, Austria, Switzerland, the Netherlands, Norway, Sweden, Finland and Denmark. The broker has offices in both Cyprus and Germany. This broker offers trading in a variety of instruments, including forex, stocks, commodities and cryptocurrencies. It offers various client protections, including segregation of funds and negative balance protection, and is backed by the Investor Compensation Fund for up to €20,000. Opening an account is a quick and easy process, and verification is done electronically. Clients can trade using the well-respected and popular MetaTrader 4 (MT4) platform, and mobile trading is available through various apps for all devices. Broker comparison sites that have chosen to review EuropeFX have found it to be a legitimate and competitive brokerage.

Strengths

  • Fully regulated
  • Client funds are segregated
  • Good choice of account types
  • Risk-free demo account
  • Negative balance protection

Weaknesses

  • Limited amount of instruments
  • Limited amount of cryptocurrencies
  • Withdrawal fees are charged

What can you trade

€200
Min Deposit

Good
App Support

1:30
Max Leverage

It is easy and convenient to get started trading forex with EuropeFX. The broker offers trading in Standard, Micro and Mini lots, with competitive spreads and leverage of up to 1:30 on retail accounts. There is a choice of account types, and it is possible to get started with a Bronze account, with a minimum deposit of just €200, though a slightly larger deposit of €1,000 is recommended.

€200
Min Deposit

Good
App Support

1:30
Max Leverage

EuropeFX offers CFD trading across several asset types, with STP trade execution and reasonable leverage. CFD trading is a form of derivative trading that allows traders to speculate on the price movement of an asset without actually taking ownership of the underlying asset. With EuropeFX, CFD contract sizes are fixed, with CFD trading on shares, for example, made on the value of 100 shares of the company you are trading.

€200
Min Deposit

Good
App Support

1:30
Max Leverage

EuropeFX offers trading in stocks and indices, including CFD trading on many of the most highly traded Blue Chip stocks from markets around the globe. A variety of stock indices are also available to trade as CFDs. These include the FTSE 100, the S&P 500, the Dow Jones Industrial Index, and the Nikkei 225, among others.

€200
Min Deposit

Good
App Support

1:30
Max Leverage

EuropeFX provides a variety of platforms and incorporates the ability to access social trading via the use of Mirror Trader. Clients can also use various third-party plugins and customisations available through MetaTrader, including ZuluTrade and Trading Signals.

€200
Min Deposit

Regular
App Support

1:2
Max Leverage

EuropeFX provides cryptocurrency trading via CFDs. This EuropeFX cryptocurrency review found all of the major digital currencies available, including bitcoin, Ethereum, Litecoin, Ripple and Dashcoin, though you won’t find many lesser-known or emerging altcoins. You can set up an account to trade cryptocurrencies, or you can use your existing account if you are already trading other instruments with the broker. Be aware that trading cryptocurrencies is unregulated, and does not entitle you to the same protections as when trading forex.

What did our traders think after reviewing the key criteria?

In this EuropeFX review, we found the broker to have trading fees that are competitive, with tight spreads, starting from just 0.1 pips on some instruments. Spreads are dynamic and do, of course, vary between instruments. The trading fees incurred will depend on the account type you have, so check the terms and conditions of your account carefully. As with any broker, there are various other non-trading fees that may be levied, including a withdrawal fee of 25 GBP/EUR/USD on each withdrawal, though there are no broker-levied deposit fees. There is also an inactivity fee, which will be levied on any account that is inactive for three months, and this is charged at 50 GBP/EUR/USD per month. Be aware that broker fees can change, sometimes without notice, so there may be fees not mentioned in this EuropeFX broker review that could apply to your account.

EuropeFX offers five different account types to suit the needs of a wide variety of traders. The Bronze account is suitable for beginners, with basic features provided, many on a trial basis, and a recommended deposit of at least €1,000 (though the minimum required deposit is only €200). It also comes with a private One on One Trading Academy session. The Silver account is the next step up, for those with at least €2,500 to deposit, and has a few more features, along with a total of three private sessions with the trading academy. The Gold account requires €10,000, the Platinum account €25,000, and the Premium account €50,000.

All retail account types come with access to all trading platforms, a stop out level of 50%, STP trading, a relationship manager and online chat support. All account holders have access to the educational portal and will be offered up to 1:30 leverage, depending on the instruments being traded. There is also a professional account available with leverage of up to 1:200 and early access to new trading products. However, it is necessary to meet some eligibility criteria before opening a professional account. You may be eligible, for example, if your portfolio exceeds €500,000 and you have worked as a professional in the financial sector for at least one year. EuropeFX also offers a risk-free demo account for those who want to try out the platform before they open a live account.

EuropeFX offers a good choice of trading platforms. All accounts have access to the award-winning MT4 platform, available for Windows, Mac and Web Browser, as well as mobile devices. In addition, EuropeFX offers EuroTrader 2.0, which is a web-based trading platform that is very light on resource use, but comes with a variety of features, including custom indicators and one-click trading, along with multiple chart types and time frames, with the ability to trade directly from the charts. Coded entirely in HTML5, EuroTrader is compatible with all modern browsers, regardless of the operating system you are running. There is no need for any browser extensions or plugins.

EuropeFX platform

The MT4 platform is also a popular choice, with its excellent trading tools, high level of customisation, and an intuitive interface that appeals to both new and more experienced traders. When it comes to mobile trading, there are excellent MT4 mobile apps available for both iOS and Android devices, as well as the eFXGO! mobile app, which offers a streamlined but intuitive mobile trading experience, with access to over 100 tradable assets and advanced trading and analysis tools. All apps are available to download free from the Apple App Store and Google Play.

Most EuropeFX customers will agree that the website is clean, uncluttered, and easy to access and navigate, offering an excellent and intuitive user experience. The website displays a range of important and relevant information, with a clear top-bar navigation menu highlighting the main webpages, along with dropdown menus, allowing you to quickly find the pages you need to access. There is a further menu in the footer of the website. The trading platforms and apps are also highly intuitive, and once you get used to your platform of choice, it is very easy to find your way around, place orders, and access all the functions you may need.

EuropeFX offers a range of customer support channels available to both new and existing customers. Support can be accessed via the Contact Us page on the website, where there is a contact form, email support and phone numbers, including dedicated phone lines for the UK, Germany and Cyprus. There is also a handy live chat option that operates during business hours and can be accessed from the bottom right-hand corner of any webpage. EuropeFX’s customer support is backed up by a comprehensive and easily searchable FAQs section, where you will find answers to most of your general questions about the broker’s products and services, account options, and how to get set up with a trading account. There is also a very useful education portal available to all customers with a video academy, webinars, a trading glossary and an economic calendar.

EuropeFX support

EuropeFX offers a range of payment options, so clients should have no problem finding one that is convenient for them.

Card payments

Card payments are accepted, with the option to pay with both Visa and Mastercard, and with both credit and debit cards. There is no deposit fee, and the maximum transaction amount is $50,000. Using a credit or debit card usually means that the payment will be instant.

Bank Wire Transfer

Wire transfers are accepted, and there is no broker-levied deposit fee. There is no maximum transaction amount when depositing via bank transfer, but it may take a few days for these transfers to clear into your EuropeFX account.

E-wallets

EuropeFX allows payments via various e-wallets and third-party payment methods. Customers can choose to fund their accounts via Skrill, Sofort, iDeal, Giropay, SafetyPay, TrustPay, Euteller or Worldpay. Most of these payment methods are instant and do not incur broker-levied deposit fees, though some of these payment providers may charge fees on selected transactions, including depositing funds. Maximum transaction amounts vary. Be aware that some payment methods may not be available in your region.

There is a lot on offer at EuropeFX, with something for most types of traders, at almost any level. The broker offers a substantial range of trading tools, and a good choice of platforms, enabling easy trading from any device. The wide range of account types means that there is something for everyone, from beginner traders to professionals, whether you have €200 to invest, €50,000 or more. This is also a good broker for those traders who want to trade more than just forex – a few other instruments, including cryptocurrencies, are offered. Both MetaTrader and EuroTrader 2.0 come with built-in tools, charts and technical indicators. The mobile apps are robust and intuitive, and are available for any device. There is a useful education portal with a video academy, eBooks, webinars, a trading glossary and economic calendar. There is also a market news portal, including ‘Market Watch’ sections for stocks, commodities, currencies and bonds.

EuropeFX is based in Cyprus, and is regulated by CySec. The broker follows all best practices, as you would expect from a reputable international brokerage. Client funds are kept in segregated accounts, which means that they are stored separately from the operating funds of the company, and in the unlikely event of the broker becoming insolvent, they cannot be treated as recoverable assets. Furthermore, funds are protected by the International Compensation Fund (ICF) to the amount of €20,000 per account. EuropeFX also offers negative balance protection for all retail account holders, meaning that charges on the account cannot leave the client owing money.

Given by the financial press, while EuropeFX is not a broker that sweeps the annual industry awards, it does use the award-winning MT4 platform. As MT4 enthusiasts are aware, the software has won various awards, including ‘Best FX Trading Platform’ and ‘Best Multi-Asset Trading Platform’ at the Finance Magnate London Summit Awards.

EuropeFX awards

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Forex Trading Knowledge Questions and Answers

Forex Trading Knowledge Questions and Answers

Forex Trading Knowledge Questions and Answers

What Is A Demo Account?

Demo accounts enable new investors to test their ideas and learn how to use trading technologies without risk. Users can use the demo account to trade with simulated money and see what their returns would be if they traded with real money. Demo accounts are often used in schools and universities to teach investing and compete in trading competitions.

Demo accounts are commonly used by stock traders, currency exchange traders, and commodities dealers, but not by long-term investors. A demo account is less effective since the longer it takes to produce earnings from an investment, the more time it takes away from compounding real money.

 

How Does A Demo Account Work?

Using demo accounts, investors can practice trading on a platform without putting their own money at risk. You will not be exposed to the dangers associated with live trading platforms on a demo account. As a result, you can learn how platforms work without putting your money at danger.

A demo account guarantees that you will not lose money, but it also guarantees that you will not make money. To reduce risk when trading on the real market, traders must learn discipline and establish techniques.

How to Open A Demo Account?

In general, opening a demo trading account is pretty simple. Choose a Broker – Most brokers provide demo trading interfaces to help you become acquainted with the features and create techniques. Choose which broker to use initially.

Registration is necessary, and you must provide your personal information. Name, address, and financial information will be requested. Your identification will almost certainly have to be validated as well.

Once you’ve decided on a broker, you can install MetaTrader4. Once you have decided on a broker, you will require a trading platform. MetaTrader 4 and MetaTrader 5 are the most popular trading platforms.

You will obtain login details after registering with a trading program. You will be able to open an account.

How Long Do Demo Accounts Last?

Traders can use a demo account to test out a program for up to three months before deciding whether to purchase the complete edition. The three-month term is basically offered to guarantee that the prospective buyer has enough information to make them desire to buy.

Why Is It Necessary to Open A Demo Account?

Traders can use a demo account to test out a program for up to three months before deciding whether to purchase the complete edition. The three-month term is basically offered to guarantee that the prospective buyer has enough information to make them desire to buy.

What Are Advantages of A Demo Accounts?

Demo accounts are an excellent method to learn about various trading tactics and software. Paper trading is a lot safer way for a beginner investor to make technical mistakes than real trading. Investors can benefit from the customised trading software provided by each firm.

A demo account lets you to test methods without risking any money, whether you are a novice or an experienced trader. Trading on a demo account allows the trader to test the approach before trading with real money.

Even though many traders begin with equities, commodities and Forex can be profitable. The same strategies, however, may not be applicable in all three asset groups. A demo account allows experienced traders to experiment with several asset classes.

 

The Differences Between Demo & Live Accounts

A forex demo account is distinct from a genuine account in that it is utilised as a training account for traders to practise trading without putting real money at risk. Real accounts, on the other hand, use actual money, and traders put their own money at risk. A demo account enables users to trade with fictitious money in order to imitate the earnings they would receive if they traded with real money. Demo accounts are often used in colleges and institutions to teach investing and compete in trading competitions.

However, studies have shown that even if a person has obtained extensive trading expertise through the use of virtual accounts, things may turn out differently when real money is involved. Because you are not putting anything at risk  is more accessible when dealing with virtual money than when trading with actual money.

Can I have Multiple Forex Demo Accounts?

You may be able to open up to five demo accounts depending on the broker. Some, however, provide up to 19 demo accounts. There is no way to predict how many demo accounts are available at any particular time. All brokers do not limit the number of demo accounts.

If your broker has a demo account limit, you can contact their customer service via email or live chat to request more demo accounts.

There are brokers who will only allow you to open one account of each type per email address.

As a result, you are not able to establish any additional accounts until you give them with another email address or open a new account. Traders do not benefit from this practise because it requires them to spend their resources on opening new accounts rather than allowing them to open as many as they like.

In most circumstances, you won’t need more than five accounts, and depending on your plan, one may enough.

In any case, you should practise on a demo account until you are really proficient.

Is A Demo Trading Account Free?

Demo platforms are usually free. There is no risk of losing money because you will not be dealing with real money. As a result, there are no deposits, withdrawals, or training fees involved.

 

How to Choose Forex Accounts?

Different accounts have different settings. Before you open a trading account, you should answer the following questions:

How much money do you want to put down? You should keep in mind that trading with money you cannot afford to lose is not a good idea.

What is your level of risk tolerance? If you are a cautious trader, you can open a micro account and trade micro-lots. However, if you wish to trade more aggressively, you should open a regular account.

Do you require any specialised equipment? Many forex brokers provide their best trading tools to its professional clients, which may include cutting-edge news analysis or access to a diverse set of indicators.

Once you’ve determined what kind of trader you are, your trading objectives, and your risk tolerance, you’ll be able to choose which account is best for you.

Can I Take Money Out of a Demo Account?

Unfortunately, the answer is no. Demo accounts are only for practise purposes. You do not deposit anything because the account is not funded with real money.

As a result, any profits you would have made would be ineligible for withdrawal.

Forex Trading Knowledge Questions and Answers

Forex Trading Knowledge Questions and Answers

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AvaTrade introducing 3 new crypto pairs

crypto trading with Avatrade

AvaTrade introducing 3 new crypto pairs – updating 3 others

AvaTrade has yet again improved their cryptocurrency trading offering.

AvaTrade is introducing three new cryptocurrency pairs: NEOUSD, EOSUSD & MIOTAUSD in addition to the 15 crypto assets already on offer.

These new pairs have been available since July 1st, 2019 and provide an excellent opportunity to diversify your clients’ portfolios and increase their exposure to this vibrant 24/7 market.

AssetTypical SpreadLeverageMarginMin Nominal Trade Size
NEOUSD1.5% Over-market2:0150%10
EOSUSD2% Over-market2:0150%10
MIOTAUSD1.5% Over-market2:0150%10

To unify their cryptocurrency instrument labels, They are relabeling their existing Ethereum, Ripple & Litecoin instruments, by replacing the existing instruments with new USD labelled ones:

AssetOld SymbolNew Symbol
RIPPLEXRPXRPUSD
ETHEREUMETHETHUSD
LITECOINLTC_MiniLTCUSD

These new pairs have also been available since July 1st,

The trading conditions for each one is identical to those of the older respective assets they replace.

Effective immediately, new positions are only available on the new pairs.

Avatrade Clients will not be able to open new positions on the old assets, but those already open will remain unaffected until July 29th.

Existing positions on XRP, ETH and Litecoin-mini that remain open on July 29th will be automatically replaced with corresponding positions on the new pairs, , at the same opening price and at no cost to clients.

as any broker that values their clients would do , Avatrade makes sure that the clients will not be affected by the change.

Visit Avatrade NOW

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Neteller Launches Cryptocurrency Exchange Service

Neteller Launches Cryptocurrency Exchange Service

Neteller  one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.

They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.

Neteller and Cryptocurrencies

Neteller is a service which is operated by Paysafe Financial Services Ltd.,

paysafe

paysafe

founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.

Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.

But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.

So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.

As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.

It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.

Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)

We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.

Conditions for buying and selling cryptocurrencies through Neteller

The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller

The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.

When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available

The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.

The fee rises to 3 percent for wallets with other default currencies.

Neteller  | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?

At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.

The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.

Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

We could now see that this was like their test run on this concept.

We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.

We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think

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