Europefx Review

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 2022.

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.

Best Brokers That Are Better Than Europefx

Broker
Rating
Regulated
Min. Deposit
Bonus
Max. Leverage
1.
easyMarkets

CySec, ASIC, BVI

Min $100 Deposit

Up to 50% With Sign-up

1:30

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
2.
FXCC

CySEC, FCA

Min $100 Deposit

100% First Deposit

1:500

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
3.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

Min $100 Deposit

10% Credit Bonus

500:1

4.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.
Plus500

ASIC, FMA, FCSA, FCA, CySEC, MAS, FSA

$100

€25 No Deposit Bonus

1:30

6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
LegacyFX

CySEC, VFSC, NBRB, FCA

Min $250 Deposit

-

1:200

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
8.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

Up to 50% Bonus

500:1

Review » Open Account » Open Account
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
9.
Eightcap

ASIC, VFSC

Min $100 Deposit

$30 No Deposit Bonus

500:1

Review » Open Account » Open Account
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
10.
Forex.com

FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC

$100

Up to $5000 Welcome Bonus

50:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What is the Europefx trading platform?

Europefx is a forex and CFDs trading platform. It has about 300 trading instruments, including:

  • Commodities
  • 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
Establishment year 2014
Regulation CySEC
Signals Yes
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
Commission Rebates Yes
Inactivity Fee Yes
Withdrawal fee $25 + third-party fee
Deposit Fee No
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
  • Forex
  • Cryptocurrencies CFDs
  • Stock CFDs
  • Commodities

Trading conditions you must know about Europefx

Min deposit

€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.

Leverage

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
Important point:

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:

Spreads

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.

Commissions

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.

Swap charges

Anyone left his position overnight will be charged a swap fee. This interest rate is usually based on two currencies’ contrast.

Additional charges

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.

Demo account

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:

Asset Class From To
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

Verdict

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.

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