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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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RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:

BTCUSD, ETHUSD, BCHUSD, DSHUSD, LTCUSD, and XRPUSD.

The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).

 

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Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral

 

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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