🔥 FXEurope Test 2021: Broker Experience & Rating
Due to the fact that the world of cryptocurrencies is constantly changing, it may not come as a surprise that more and more digital coins are coming onto the market, but also providers who offer trading in cryptocurrencies and rely on so-called crypto trading bots . Because a trading bot may very well be a support - especially for beginners who are still a bit unsure whether to open and / or close one or the other position.
It should be noted that the Diversity, which is available on the market, has the problem that it is relatively time-consuming to find the best provider for you. Especially with a view to the question of whether the provider is reputable. An account should only be opened if the provider is reputable and you are sure that no fraudulent activities are being pursued.
If you come across the provider EuropeFX, it is not just a question of whether the platform is clear and the homepage has an appealing design, but also to the question of whether the provider is reputable and then which offer is actually offered. In order to be able to answer those questions that then give the answer to whether the provider is recommendable or not, one has to look behind the scenes.
Is EuropeFX serious?
The company Maxiflex Ltd. is behind EuropeFX. Founded in 2013 in Cyprus, today there are also branches outside the island - for example in Great Britain or Germany.
Since the company is headquartered in Cyprus, it is regulated by the Cypriot Financial Supervisory Authority. This is the Cyprus Securities and Exchange Commission - or CySEC for short. The deposit protection amounts to 20.000 euros / customer.
EuropeFX is a regulated provider. There are also no experience reports that deal with the suspicion that dubious machinations are being pursued here. This leads to the conclusion that EuropeFX is a serious provider.
Due to the fact that the question of seriousness has been clarified, you can now take a look at the website.
After calling up the start page, it becomes clear that you have tried to create a clear and self-explanatory platform on which even beginners will feel comfortable or know their way around.
The navigation menu takes you to the items “License”, “Accounts”, “Investments” and “Products”, “Platforms” or “Education Center” as well as “About us” and “Language selection”.
The fact that EuropeFX has detailed information about the Available products informed and makes no secret of what the trading conditions look like, speaks clearly for the provider.
The design is also convincing. EuropeFX scores with black and blue color accents - a combination that is very pleasant to the eye.
The account models
Ideally, you should find out which account models EuropeFX will make available before registering. Tobe offered
- the live account
- Bronze account
- Silver account
- Platinum account
- Premium account
- demo account
In order to open a normal live account, which is the standard variant, so to speak, a minimum deposit of 200 euros must be made. You can open the bronze account if you make a minimum deposit of 1.000 euros. You can open the silver account with a minimum deposit of EUR 2.500 and the gold account with EUR 10.000. The platinum account is available from 25.000 euros - Premium from 50.000 euros.
The account models ultimately differ not only with regard to the minimum deposit, but also in the areas of fees and service. With the Gold account, you can take advantage of two private training sessions and receive a 10% discount on the commission. However, if you opt for the Premium account, you can take advantage of the training eight times a month; the discount on the commission is 50 percent.
EuropeFX also offers a free demo account. If you are unsure or do not want to invest what you have saved, it is well advised to take a look at the free demo account so that you can safely test the provider's functions.
The trading platforms
EuropeFX scores with the fact that it offers various trading platforms in order to then be able to trade forex like CFDs. For example, they rely on MetaTrader 4 - one of the best-known and most popular trading platforms on the market. A software that can be recommended not only to beginners, but also to experienced traders as well as professionals.
In addition to MetaTrader 4, there is also EuroTrader 2.0. This is an in-house software that can also be used.
Depending on which software suits you better, you can then choose whether to start with MetaTrader 4 or EuroTrader 2.0 in order to then make attractive profits.
Deposits and withdrawals
If you want to capitalize the account, you have to note that there are different minimum amounts. The minimum deposit for the classic live account is 200 euros - if you use the gold account, you have to pay in 10.000 euros.
The following payment methods are offered:
- Bank Transfer
- Credit card (VISA and MasterCard)
If you compare the variety of deposit methods, EuropeFX can definitely stand out from the competition. Often only bank transfers and credit cards are accepted - with PayPal or Skrill and Neteller, online wallets are even available to capitalize on the account.
It should be noted that the deposit methods can also be used for withdrawals. While there is no fee for deposits, EuropeFX charges 25 euros / withdrawal.
Depending on the chosen Deposit and withdrawal options the money is available in the desired account either immediately or after two to four working days.
The customer service
An area that unfortunately falls short in some tests, whereby the customer service should definitely not be underestimated. Because if difficulties and / or problems arise, it is important to know which channels can be used to contact employees.
The contact options are offered
- Online Form
- Live Chat
The wide variety of contact options may be a clear plus point. Because this way you have the chance to get an answer to your question within a few minutes or you get proposed solutions within a few moments.
So the customer service may be convincing. Especially with a view to the competition, which often only offers an email address or a contact form to be able to describe their problems.
Registration - a step-by-step guide
If you have come to the conclusion that you want to open an account, you will not be faced with any challenges here. The account opening or registration only takes a few minutes and will not be a challenge even for beginners. The whole process can sometimes start with opening an account eToro be compared. Here, too, the registration is completed after a few minutes.
Step 1: the registration
At the beginning, the EuropeFX homepage has to be called up. Then some data is given - this includes the first and last name, an e-mail address as well as a telephone number and the country in which the new customer is located. At the end a password has to be created. Here you should create a combination of uppercase and lowercase letters and special characters such as numbers in order to have maximum security.
Registration only takes a few moments and you can start capitalizing on your account.
Step 2: the first deposit
If all data has been transmitted and you have decided on the account of your choice, it is now possible to make the first deposit. If you use the live account, you have to transfer 200 euros to the EuropeFX account.
Various payment methods are available - such as the Credit card or bank transfer such as PayPal.
Anyone who uses the credit card or the online payment service PayPal can subsequently invest immediately - in this case, there is no waiting time to be taken into account Money in the account from EuropeFX is available.
However, if you decide to use the bank transfer, you have to be patient between two and four working days.
Step 3: trading
Once the money has been posted to the account, the trading bot can be started. It is important that you make the appropriate settings in advance so that the trading bot also makes a profit. If you find that there are no profits, it is advisable to make changes to the settings.
The fee model
Depending on the account model, there are different fees to be paid. It should be noted that the question of which account you want to use does not necessarily have to be answered with a view to the fee, but with a view to the minimum deposit.
It should be noted that EuropeFX presents a transparent fee model, so you don't have to worry about hidden fees:
There are no trading costs with the standard account. The bronze account works with 2,0 pips per lot; for the silver account with 1,5 pips. The Gold account scores with 1,0 pips per lot and the commissions are calculated individually for the Platinum and Premium accounts.
It should be noted that the trading costs are not integrated in the spread and commission fees are also incurred.
The additional offer
EuropeFX provides users with a very good as well as extensive range of training courses. You can access the video academy here or take advantage of webinars. Furthermore there is also the possibility to try out the free demo account. The advantage? You can get to know the functions of the site completely safely and also try out one or the other strategy.
The pros and cons at a glance
Many account models
Fair fee model
Free demo account
High minimum deposit
If you are considering opening an account with EuropeFX, you don't have to worry. EuropeFX is a serious provider that can certainly be trusted. Probably also because the provider is regulated and scores with a free demo account and other additional offers.
The offer is diverse, the test and experience reports that can be found on the Internet, predominantly of a positive nature. A clear recommendation.
Frequently asked Questions:
Yes. The provider is regulated. There is no evidence that this is a dubious provider.
Depending on the selected payment method, the money is available in the account immediately or after two to four days
Yes. EuorpeFX accepts the online payment service PayPal
Yes. A demo account is also provided free of charge