Easy FX Trade Review 2024

Easy FX Trade Logo
HFM
Visit Site

What is Easy FX Trade?

Easy FX Trade Website Screenshot

Easy FX Trade is a platform that claims to offer forex trading services. The company is owned and operated by Easy FX Trade Limited. It claims to be regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). The company also claims to have offices in various locations around the world, including London, Tokyo, Hong Kong, Sydney, Auckland, Dubai, and Mauritius. The platform offers a 100% Hands-Free Trading Algorithm, which is a type of automated trading software. This software uses algorithmic trading strategies to execute trades on behalf of the user. As of March 31, 2022, the return for their personal accounts was reported to be 67% across winners and losers using one or more of their 8 algorithmic trading strategies. However, it’s important to note that these results are not typical and individual users may have different results based on their initial capital investments and the amount of time they used the software. The platform does not collect information about client trading performance and relies on the raw data that Myfxbook pulls from their clients’ broker accounts. Despite these claims, there are reports suggesting that Easy FX Trade is not a legitimate broker. Therefore, potential users are advised to exercise caution and conduct thorough research before engaging with the platform. In the world of forex trading, it’s crucial to understand the risks involved and to ensure that any platform or broker you use is fully regulated and transparent in its operations. It’s also recommended to start with a demo account to familiarize yourself with the platform and its features before investing real money.

What is the Review Rating of Easy FX Trade?

Forexbrokersinfo.com is regularly checking the ratings of Easy FX Trade at forex broker review sites.
Easy FX Trade has been reviewed and rated by:
    The Weighted Average Review Rating calculated by Forexbrokersinfo for Easy FX Trade is 0.

    What are the Pros of Easy FX Trade?

    Easy FX Trade, a broker that offers Forex, CFDs, and Bullion trading. , has several advantages that make it appealing to traders. However, it’s important to note that the company is not licensed by any regulatory authority. Trading Tools and Software Easy FX Trade provides traders with proven tools and software from day one. This includes tracking and reporting tools that help build a solid foundation for trading. Mindset and Psychology The company offers mentorship that helps traders eliminate fear and greed from their trading. This mentorship aims to develop monk-like discipline in traders, enabling them to follow their trade plan robotically every day. Low Risk, High Reward All trades conducted through Easy FX Trade adhere to the principle of low risk, high reward. The company focuses on ensuring consistent positive returns every month. Time Efficiency Easy FX Trade aims to give its clients their time back. Traders can walk away and enjoy their life while the company’s easy copy-paste signals grow their account. Forex Trading Forex trading, in general, offers several pros, including deep liquidity, 24-hour-a-day access, and access to leverage, which can help provide stronger returns. However, it’s crucial to note that Easy FX Trade has been flagged by the FCA for providing misleading regulation information. The company has been using the registration number that belongs to the regulated firm Hantec Markets Limited. Therefore, it’s recommended to avoid Easy FX and select a decent and licensed broker instead.

    What are the Cons of Easy FX Trade?

    Here are some of the disadvantages associated with Easy FX Trade:. Regulatory Concerns: Easy FX Trade is not regulated by any financial authority. This lack of oversight can lead to potential risks for traders, as there are fewer protections in place to safeguard their interests. Misleading Information: The company has been found to provide misleading information about its regulatory status. It claims to be authorized by the Financial Conduct Authority (FCA), but this has been proven to be false. Website Functionality: There have been reports that the Easy FX Trade website does not function properly. This can hinder the trading experience and make it difficult for traders to carry out their activities smoothly. Potential for Scam: Given the lack of regulation and misleading information provided by the company, there is a risk that Easy FX Trade could be a scam. Traders should exercise caution when dealing with such platforms. Lack of Transparency: The lack of clear and accurate information about the company’s regulatory status and operations suggests a lack of transparency. This can make it difficult for traders to make informed decisions. Risk of Loss: As with all forex trading, there is a high risk of loss involved. However, this risk is exacerbated when dealing with unregulated platforms like Easy FX Trade. Volatility: The forex market is known for its high volatility. While this can present opportunities for profit, it also increases the risk of substantial losses, especially for inexperienced traders or those without a robust trading strategy. High Leverage: While high leverage can amplify profits, it can also magnify losses. Traders should be aware of this risk when engaging in forex trading, particularly on unregulated platforms. Potential Disadvantages for Small Traders: Small traders may face disadvantages in the forex market, such as price manipulation and lighter regulatory protection. Fewer Residual Returns: Unlike other forms of investment, forex trading does not offer residual returns. Traders can only profit from changes in the price of currency pairs. It’s important for potential traders to thoroughly research and consider these factors before deciding to trade with Easy FX Trade or any other forex trading platform. It’s always recommended to use regulated platforms to ensure the highest level of protection and recourse in the event of disputes or issues.

    Is Easy FX Trade Regulated and who are the Regulators?

    Easy FX Trade, also known as Easy Trade Global, is a company that has been operating in the forex market. However, it is important to note that this firm is not authorised or registered by the Financial Conduct Authority (FCA) in the UK. The FCA has issued a warning about Easy FX Trade/Easy Trade Global, stating that it is a clone of an FCA authorised firm. This means that the company has been using the details of authorised firms to try and convince people that their firm is genuine. The FCA authorised firm that the fraudsters are claiming to work for is Hantec Markets Limited. The correct details of this firm are as follows. Firm Name: Hantec Markets Limited Firm Reference Number: 502635 Address: 5-6 Newbury Street London, EC1A 7HU, UNITED KINGDOM Telephone: +442070360888 . Dealing with Easy FX Trade means that you won’t have access to the Financial Ombudsman Service if you have a complaint. You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business. It is always recommended to only deal with financial firms that are authorised by the FCA. If a financial firm is authorised by the FCA, it gives you greater protection if things go wrong. Easy FX Trade is not a legit broker. The company is owned and operated by Easy FX Trade Limited and claims to be FCA and ASIC-regulated. However, the information about FCA and ASIC is nothing but deception. Easy FX Trade is not licensed by the Financial Conduct Authority in the UK or Australian Securities and Investments Commission or any other regulator. In conclusion, Easy FX Trade is not regulated and does not have any known regulators.