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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.


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


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

What can you trade

Min Deposit

App Support

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.

Min Deposit

App Support

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.

Min Deposit

App Support

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.

Min Deposit

App Support

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.

Min Deposit

App Support

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.


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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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

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.,



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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The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market – or ‘Forex’ for short – or “FX” for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world’s equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don’t charge commissions – you pay only the bid/ask spreads.
  2. There’s 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you’re buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.


The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊


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