- RegulationsCySec. Compliant with MiFID II Directive and ICF Investor Compensation Fund
- Minimum Deposit$200
- InstrumentsCFDs, Forex, Indices, Shares/Stocks, Commodities, Asset Index, Cannabis Stocks, Pharma Stocks, Cryptocurrencies
- PlatformsProprietary Platform, caters for Social trading, CopyTrading
- Demo AccountYes
- Mobile AppsiOS, Android
- Copy TradingYes. Classified as Best of Breed.
- LeverageUp to 1:400
What we can tell you about EuropeFX
Founded in 2013, EuropeFX is a fairly new player in the Forex industry. Despite being around for less than a decade, EuropeFX has already managed to build a good name amongst investors. Trust and confidence are big in the Forex community and CFD investors are seeing those qualities in EuropeFX.
Licensing & Regulation
As far as licensing and regulation goes, EuropeFX is registered, authorized and regulated as a Cyprus Investment Firm (CIF) by the Cyprus Securities and Exchange Commission (CySEC). Furthermore, EuropeFX complies with the Markets in Financial Instruments Directive (MiFID II) which allows the smooth delivery of investment services across the European Economic Area (EEA).
What’s important to note is that EuropeFX is also a member of the Investor Compensation Fund (ICF) which secures claims and pays off compensation in the event the Fund is unable to do so from its own resources.
For more information on the licensing and regulation of this broker, read here.
The Best at: STP (Straight Through Processing)
Being a new-age broker, EuropeFX brings a modern approach to doing business. A great example is the application of the straight-through processing method. This is a method frequently used by financial companies to speed up and optimize financial transactions by processing them without involving manual work.
Not only does that help with speed and efficiency, but it also creates clarity and no conflict of interest regarding clients’ funds. Moreover, EuropeFX is widely known for its elaborate education centre, diverse arsenal of trading tools, and excellent client support.
Something to Consider
While trading is available from deposits of $250 , the minimum deposit for a basic Bronze account is $1,000. That might be somewhat on the expensive side of things and not approachable for investors that are just starting out their journey. Starting capital is not the same for everyone so this is something you should keep in mind if you’re not an experienced/confident investor.
For more information on the different types of accounts provided by this broker, read here.