Up to $2000 Forex Bonus
Easy Forex has one of the best deposit bonuses on the market. When you open an account and make your first deposit, you are eligible for a bonus of up to $2000. This promotion requires a first deposit of 100USD (roughly 76.91£). The promotion is only open until the end of September of this year. We will keep you updated on the promotions offered in November 2016 and the future.
How does the bonus work? If you deposit between $100 – $199 you earn a bonus of 30%. If you deposit $200 – $1000, you are credited with a bonus of 50%. If you deposit between $1001 – $5000, you earn a deposit bonus of 40%. Note that strangely, if you deposit $1000 you earn a bonus credit of up to $500, giving you an effective amount of $1500, but if you deposit $1001, you earn only a bonus of 40% giving you an effective trading balance of $1,4101.4. As you see, it is very important to look at the Fine Print! (PDF). As with all Forex bonuses, there are trading requirements necessary before you can withdraw. In the case of EasyForex, it is an non-withdrawable bonus to be used for trading.
This is one of the most generous bonuses offered to first time depositors of any Forex broker accessible to UK traders.
Top of the line broker platform
EasyForex uses a single advanced platform offering access to over 300 markets. They offer trading on currencies, commodities, indices, and options all through their MT4 trading platform.
Advantages of Easyforex
EasyForex offers 24 hour support on business days. As well, they have a collection of eBooks and videos for beginners to learn the basics of FX trading. Offering trading information is a good sign and EasyForex has a substantial collection of educational resources for traders of beginner and intermediate levels.
The minimum deposit necessary to start trading is $25 US (roughly 20£). Unfortunately, as with many online Forex brokers, you are unable to trade in pounds. The US dollar is a global currency which is the standard for investing. For those who are not ready to deposit, there is a free demo account offered to test out trading strategies before depositing in order to gain knowledge and maximize your expected value on your deposit bonus.
Is Easy Forex registered by the FCA?
The Financial Conduct Authority of the UK offers an online database of regulated Forex brokers. EasyForex is registered under the brand name of Easy Forex UK Limited. Easy Forex UK Limited is no longer authorized under the FCA. However, Easy Forex Trading Ltd is regulated in the European Economic Area. Easy Forex Trading Ltd is regulated by the Cyprus Securities and Exchange Commission (Cysec). For details, the official FCA Registry is the most useful tool for understanding how Forex Brokers are regulated.
With all Forex, Commodities, Options and CFDs, there is a substantial risk of loss of invested capital. This is no different with Easy Forex and you should only invest money that you can afford to lose.