About the company:
Maxiflex Ltd., a Cyprus-based firm regulated by the Cyprus Securities and Exchange Commission, owns and operates EuropeFX (CySEC). STP trades are permitted by the broker.
Customers get access to the following assets:
- Commodities include precious metals, agricultural products, and energy products.
- Cryptocurrencies: 6 cryptocurrencies
- Forex-50 currency pairs
- Indices: 13 well-known stock indices and futures
The company’s own web-based trading platform is called EuroTrader. Users may get real-time quotations in the Market Watch window and trade immediately from the chart thanks to the user-friendly design. For technical analysis, the software includes numerous periods as well as a variety of custom indicators. Traders can also keep up with market developments by switching to market news or the economic calendar.
The MT4 platform is a superb choice for powerful automated trading features. The platform is accessible as a desktop terminal that can be downloaded (for Mac and Windows computers) as well as a web trader.
MT4 comes with a built-in library of 50 technical indicators and analytical tools, as well as sophisticated order types and historical data. Traders can also use trading robots (EAs) that are available in a worldwide online community. After registering, the online panel is likewise fully functional and may be accessed via an internet browser.
The FXGO! app for iOS and Android is designed for mobile traders. The program includes an offline trading package with a user-friendly client area and account synchronization. Real-time market data, powerful charting capabilities, and in-app access to the analytics site are all included in the app. Traders may also use the MT4 mobile and tablet apps to seamlessly switch between MetaTrader platforms.
Spreads and commissions
The broker advertises spreads as low as 0.1 pips; however, their website is not explicit regarding individual spreads. Some of the trading fees are detailed in the contract specification document, including charges that start at €20 per lot for currency pairings with a Bronze account and decline to €10 per lot with higher account levels. Other costs include an overnight switch fee of €50/USD/GBP and an inactivity fee of €50/USD/GBP after three months of inactivity.
Leverage is provided in FX up to 1:30, indices up to 1:20, stocks up to 1:5, commodities up to 1:10, and cryptocurrencies up to 1:1. Professional traders can use up to 1:200 leverage. The contract specifications paper contains detailed information on margin needs.
The broker accepts a variety of payment methods, including bank transfers, credit cards, and electronic wallets. European authorities, notably the FCA and BaFIN, have authorized all techniques. Card payments and e-wallets are handled instantly. However, bank transfers take 24 to 48 hours on average. The lowest withdrawal amount is 1 EUR, USD, or GBP, and the maximum is your account’s available equity. Withdrawal costs are €25 USD or GBP, and requests are handled within 24 hours on the broker’s end.
There are five different types of real accounts: bronze, silver, gold, platinum, and premium. The minimum deposit and access to extra features like private trading sessions and VIP services are the key differences between accounts. The suggested minimum deposit for a bronze account is €1,000 (but €200 is also acceptable), and for a premium account, it is €50,000. Variable spreads start at 0.1 pips, with a maximum leverage of 1:30 and a stop-out level of 50% for all account types. All accounts get access to the learning center and live chat assistance.
Anyone can open a risk-free trial account with EuropeFX and receive 100,000 euros in virtual currency.Beginners who wish to practice their skills in a virtual environment and evaluate the platform’s potential should use a demo account. Your account will expire after 30 days.
Customer funds are held in separate European bank accounts, and negative balance protection is provided in compliance with CySEC requirements. Clients are additionally covered by the Investor Compensation Fund up to EUR 20,000 in the event of the broker’s bankruptcy. Despite being licensed by CySEC, the owner is being investigated by the Australian Securities and Investments Commission (ASIC) for an internet fraud in which clients were not reimbursed.
Traders may access a variety of other tools, including an extensive video section and an interactive and customized economic calendar that has received great feedback from customers. The webinar part is quite restricted and may be expanded, but the market news and blogs are extremely comprehensive.