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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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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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