Online investment space is allowing millions of people to trade forex every day. The popularity of forex trading doesn’t show any signs of slowing down. Even though hundreds of forex trading platforms are available at present. However, not all of these can come up in the list of the best forex brokers for beginners in 2023.
Each forex trading platform has its features, pros, and cons, Europefx, too, without any exception. Let’s have a look at the in-depth Europefx trading review to know more about this trading platform.
In This Guide
Best Brokers That Are Better Than Europefx
FCA, ASIC, CIMA, SIBL
up to 50% bonus
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
VFSC, FSC, IBFC
$10 000 demo
What is the Europefx trading platform?
Europefx is a forex and CFDs trading platform. It has about 300 trading instruments, including:
- CFDs on blue-chip stocks
- FX pair including cross pairs, minors, and majors
- Global indices
It means Europefx doesn’t only allow its punters to buy, but you can also short-sell here. Europefx was established for forex trading in 2014. Even though this trading platform is a comparatively newer entry in the market, it has earned positive recognition from its consumers and online trading community.
Moreover, this platform is completely regulated under CySEC. The headquarter of Europefx is in Cyprus, while Germany and Australia have Europefx offices too.
Quick overview of Europefx trading
|Headquarter of Europefx||Cyprus|
|Min deposit limit||$200|
|Segregated account availability||Yes|
|Demo account availability||Yes|
|Customer support options||Chat and email|
|Retail loss rate||86.23%|
|Min. Forex commission||Fixed commission|
|Withdrawal fee||$25 + third-party fee|
|Number of available Funding methods||12|
|Minimum Spread||0.1 pips|
What can you trade on Europefx trading?
Europefx allows punters to trade an extensive range of tradeable assets. The list of these assets includes:
- CFDs On Indices
- Cryptocurrencies CFDs
- Stock CFDs
Trading conditions you must know about Europefx
€200 is the min deposit requirement at Europefx. Even though it doesn’t seem a lot to some investors, various other popular brokers offer smaller clients than this. Moreover, some regulated trading platforms don’t have any minimum deposit requirements. That’s why the min deposit limit isn’t a big comparison factor anymore. However, the regulations are one of the most important factors to consider to choose the best trading platform.
The max leverage ratio of Europefx is 1:200, which is high-level leverage. However, any trader classed as a professional trader can get up to 1:200. To clear the mist, we have enlisted leverage caps for different instruments below:
- Major Currencies up to 1:30
- Cryptocurrencies up to 1:2
- Gold commodities up to 1:20
- Indices up to 1:20
- Non-Gold Commodities up to 1:10
These leverage caps mentioned above are for residents of the EU. For punters from outside Europe can benefit from leverage up to 1:200.
Pros and cons of Europefx
Let’s explore the advantages and disadvantages of this platform in this Europefx trading review section:
Pros of Europefx
- Europefx offers quality trading tools in Trading Central and TipRanks.
- Roblox platform for automated trading strategies
- Comprehensive educational section for learning
- STP execution model
Cons of Europefx
- Lower retail leverage
- Higher withdrawal fee
- Limited pricing transparency
Other key aspects of the Europefx trading review
Fees of Europefx
Even though brokers are also in this business to make money, however; punters usually prefer to stick to the platforms with absolute minimum fees and commission. Let’s get a clear picture of what the Europefx trading platform charges its punters below:
Europefx has 0.1 pips spreads. Because this trading platform quotes pricing with the 5th digit, it accepts fractional pricing such as mini and micro-lots.
Even though 0.1 pips are a highly competitive spread, the offer may differ for each instrument.
Europefx charges a fixed 7% commission multiplied by lot size. The platform also offers discounts to its clients on commission rates. You can contact the customer support team to make a request. They will happily consider your fee reduction offer. However, any offered commission discount is valid for 14-days only.
Anyone left his position overnight will be charged a swap fee. This interest rate is usually based on two currencies’ contrast.
Additional charges of Europefx usually include inactivity fees for not performing any activity within 3 calendar months.
Compatible add-ons for Europefx
Europefx trading platform supports a variety of compatible add-ons. This trading platform lets you make the most of Robox, the Mirror Trade Feature, MT4, or eFXGO. You can explore the list of compatible add-ons to get more benefits with ease.
Europefx offers the facility of a free demo account. Here you can learn more about this platform without investing anything. The demo account is available for 30 days only. After that, it will close automatically.
Customer support Services review
Europefx offers 24/7 customer support services. You can get in touch with the customer support team via email, phone call, and live chat as per your preferences.
Educational content and training material at Europefx
Europefx has an impressive collection of educational content and training tools. You can find anything from video academy to automated trading software, market news, market review, trading signals, strategy generators, etc. You can learn more about online trading through these useful resources.
Payment methods Europefx accepts
Europefx accepts multiple payment methods. These include debit cards, credit cards, bank wires, Trust Pay, PayPal, Safety Pay, etc.
Trading hours, you must know
Here is an overview of trading hours at Europefx to know:
|Forex||Monday 00:00||Thursday 24:00|
|Forex||Friday 00:00||Friday 22:58|
|Cryptocurrencies||Monday 00:00||Sunday 24:00|
|European CFDs||Monday 10:00||Friday 18:30|
|Commodities||Monday 01:02||Friday 22:58|
|US CFDs||Monday 16:32||Friday 22:59|
Types of accounts you can open at Europefx
Here are the account types you can open at Europefx:
- A bronze account with a €1,000 min deposit limit
- A silver account with €2,500 min. deposit limit
- A gold account with €10,000 min. deposit limit
- A platinum account with €25,000 min. deposit limit
- A premium account with €50,000 min. deposit limit
After this in-depth Europefx trading review, you can now decide whether you want to open your account on this platform. Fortunately, opening an account and starting trading with Europefx is straightforward.