When choosing a Forex broker or platform, there are many different
considerations to think about, and a lot of questions to ask each of them.
Those raised in this chapter are presented as a guide you should use in your
search for the right broker or platform for you. Please note that some of the
answers below refer to the terms offered by the
Easy-Forex™
Trading
Platform.
We believe that a skilled and well informed trader is a better trader, for
both the trading platforms and the individual traders.
Personal account management
Is anybody there? Are there real people behind the phone (or the e-mail
box)? Do I have a one-on-one relationship with an individual who knows my
account and is able to provide continuity of service online?
Expert
Easy-Forex™
team members are available to you at all times, anytime.
Moreover, you have your own Account Service Manager working closely with
you, while dealing room services are offered to you by expert Forex dealers.
You may speak with us by phone, by e-mail, or over the advanced online CHAT
system that we operate. Depending on your location, you can also visit an
Easy-Forex™ regional office to meet in person.
Yes, it's internet, but we are
real, and we take it personally.
Live training and one-on-one help
Do they offer professional assistance and tools?
Easy-Forex™
offers background information for the Forex market, a Guided-
Tour, seminars, one-on-one training, CHAT, telephone support, as well as
other assistance tools, including technical support. You are never left alone to
trade without help, whenever you want it. Moreover, your personal Account
Service Manager will guide you live on your first trading steps, to help you get
acquainted with the Easy-Forex™ system, and will answer all of your technical
questions.
Guaranteed Rates and Stop-Loss
Is it “around” or “near” the rate I set, or exactly on it?
Easy-Forex™
guarantees your exact Stop-Loss rate by using the latest
technologies. We are committed to the principle that you will never lose more
than the margin risked by the Stop-Loss rate you choose.
The same principle holds true for any Take-Profit rate you set: your deal will
close automatically on the exact Take-Profit rate you define.
Needless to say, you can change both Stop-Loss and Take-Profit rates at any
time while a deal remains open.
It is highly important that you know that, due to the nature of the forex
global market, 100% guarantee to pre-set rates is impossible. Such may occur
under highly volatile market conditions, where other parties to the Forex
trade (e.g. – the trader, the platform, the liquidity provider, etc.) are unable
to execute specific rates, or specific rate range, due to conditions that are
beyond their control.
Simply put: Easy-Forex™ makes any and all efforts to guarantee the rates,
when it is able to doing so, unless market conditions prevent delivering the
rate selected.
No software download
Is the internet platform friendly and easy to use? Do I need to download any
software? Can I begin trading immediately, and am I restricted to a specific
computer terminal?
Easy-Forex™
Trading Platform was the first, and may be the only, Forex
platform that enables users to start trading immediately.
With no software to download, you can log into your account and trade
anytime, from anywhere.
Instant deposit with a credit card
Am I bound to wait for banking hours, or can I deposit trading margins with
my credit card? Will I miss an opportunity if I decide to change the margins in
the middle of the night? When I profit, can I withdraw the profits to my
credit card account?
Easy-Forex™
was the first, and may be the only, Forex platform that allows
you to fund your account with your credit card (or PayPal, or Western Union,
and others), so you can start trading immediately, regardless of banking work
days or hours. Easy-Forex™ cares about protecting your credit card security
and your privacy to the highest standard. To achieve that, we use the latest
technologies and comply with all relevant regulations.
Profits withdrawn can, of course, be transferred back to the source of your
original deposit (i.e., your credit card account).
Start trading in less than 5 minutes
How time-consuming is the account set-up process? Can I immediately
register, deposit the margins for the deal, and start running?
With
Easy-Forex™
, the answer is “Yes”. There is no software to download,
and you have the option of using your credit card to deposit the margin
required to trade. Please note that due to security measures aimed at
protecting you, the scope of deals during the first week of trading with Easy-
Forex™, is limited. This restriction will be removed after making phone
contact with our team.
Banks are closed at nights, weekends and holidays.
Trade, deposit and withdraw at
, 24x7
Easy-Forex™
Margin trading with as little as US$50
What is the lowest amount I can risk?
The
Easy-Forex™
system enables you to trade with very small amounts if you
wish: you can start using Easy-Forex™ with as little as $50. No bank (that we
know of) offers such an opportunity. Starting to trade with such small
amounts is the best way to get acquainted with the Forex marketplace.
“Demo” accounts, which are offered by many but not by
Easy-Forex™
, allow
you to trade only imaginary money. Consequently, you are unlikely to trade
in the same way you would with your own real money, thus minimizing the
value of such accounts as a learning tool. By trading, instead, with very small
amounts of your money, you familiarize yourself with the system, and are free
to increase your level and scope of activity at your own pace as your
confidence and experience grow.
Freeze the rate you see
When I select a rate for a deal, can I "FREEZE" it for a few seconds before I
make my final decision?
Unlike any other trading platform today,
Easy-Forex™
offers you the ability to
freeze an exchange rate for a few seconds, regardless of rate movements.
This means that the rate you see and freeze is the rate you get if you proceed
with the deal. During a “freeze”, the Forex market could change, but you are
guaranteed the rate you have frozen.
Commissions? Fees? Spreads?
(read about the
)
features offered at Easy-Forex™
No hidden costs
Are all costs readily apparent? Am I charged commissions on trading? Am I
charged commissions on withdrawals of profit?
With
Easy-Forex™
, you pay no commissions for the deals you make (see our
Spreads and Commissions page onboard our website). Easy-Forex™ acts as a
market maker, and makes its earnings from the spreads that are embedded in
the currency rates. In the "Day-Trading" zone you may roll over your positions
to the next day for a renewal fee. There are no charges for profit withdrawals
or deposits. Moreover,
Easy-Forex™
does not levy its side of bank costs onto
the trader. Easy-Forex™ performs withdrawal transactions at mid-rate value:
when you want to take profits from a deal involving a currency other than
your operating currency, Easy-Forex™ converts at an average of the current
high and low rates. Some platforms charge the high rate to generate an
additional revenue stream.
Security and Safety
What kind of safety and security measures are taken to protect my
transactions?
Easy-Forex™
treats the issues of data security, privacy, integrity and backup
with the utmost attention and care. These criteria are achieved by:
Ensuring authorized access only. Easy-Forex™ uses two layers of top
•
class firewall: one at the server level and one at the application level;
Using an advanced SSL by VeriSign for user authentication and data
•
transfer;
Separating the application servers (the servers that handle our clients'
•
online activity) from transactional information which is stored on a
different data server;
Locating two different farm servers separately for data recovery,
•
integrity and replication. Data has to be synchronized in both locations,
thus cannot be tampered with. All the information on the servers is
encrypted when stored;
The physical security of each server farm is very high. Armed guards
•
are on location 24 hours a day, and access to the premises is strictly
forbidden except for authorized personnel.
Easy-Forex™
ensures that whatever happens: failure, disaster, etc., your
transactions are intact, secure, and backed up.
To get personal assistance and free training,
Join Easy-Forex™
(registration is quick and free, no obligation)
Special terms for frequent traders
Can the trading terms I am offered be tailor-made to my personal
prefer ences?
The spreads and other terms in our site assume deals of small and up to
medium volumes. If you are a frequent trader dealing in larger volumes, we
offer you a tailor-made account to suit your exact needs (spreads, leverage
ratio, mobile-phone alerts, etc.). Contact us by e-mail or phone to obtain
your special trading terms.
Competitive spreads
How many "pips" are offered in the spread?
The spreads on our site assume deals of small and up to medium volumes. If
you are a frequent trader dealing in larger volumes, we offer tailor-made
accounts to suit your exact needs (spreads and leverage).
Live, real-time streaming quotes
Are the rates presented the most current? Is the information presented in my
account status window updated at the same time so my position is always
current?
The
Easy-Forex™
high-edge system uses the latest highly sophisticated and
advanced technologies in order to offer you up-to-the-second quotes. You may
check your accounts and positions in real time, you m ay do so 24 hours a day,
and make a deal based on real-time information. Easy-Forex™ believes it is
highly important for you to be able to control your funds whenever you wish,
and base your deals on real-time information. That is the level of service we
are committed to providing to our clients.
Refer-a-friend incentive program
Will I be credited and enjoy benefits for referring friends to the trading
platform?
Of course.
: this depends on the user’s country of residence and
HOWEVER
jurisdiction. Such program may be implemented in several world regions,
where in other regions it may not be offered. Please check with your account
sales manager!.
Being an
Easy-Forex™
user, you are entitled to cash and other bonuses for
referrals. Your regional Easy-Forex™ office can provide details.
You can also benefit by joining forces with the trading platform via
IB
(Introducing Broker) programs, and
Internet-Affiliate
programs. Easy-Forex™
rewards performance in these programs, providing online access to its
business partners. When it comes to Forex affiliate programs,
Easy-Forex™
is
number one in the world (by number of Forex-Affiliates enrolled, as well as by
commissions paid to them).
Business partners and reputation
Who are their business partners? Who is their liquidity supplier? Is it a known
international bank? Who do they work with regarding data security?
Easy-Forex™
works only with organizations with the highest reputation in their
fields. This applies to all areas, including the provision of liquidity, data
security, external auditing and others: click on their logos on our homepage to
learn about our partners or read the ABOUT section. We are proud to join
forces with the best! To name just a few, Easy-Forex™ works closely with UBS,
the world-leading Swiss bank to provide liquidity; with RBS (the Royal Bank of
Scotland); with StreamLine (world leading credit card clearing house); with
PWC as our external auditors; with Reuters, our major online data provider;
with VeriSign, for our data and transaction security; and others of similar
reputation.
Full control with online access
Can I control my Forex account from anywhere on the globe, from any
computer, at any desired time, 24x7x365?
Using any computer connected to the internet, anywhere on the globe,
registered traders can access the
Easy-Forex™
system. In case you have
technical difficulties - relating to old versions of PC hardware or software -
please read our TECHNICAL SUPPORT section (linked at the bottom of our
homepage), or contact us by e-mail, phone or chat to get online technical
support.
Full Transparency
May I generate detailed reports with the click of a button, as well as track all
transactions performed in my Forex account, whenever I wish?
Yes. You may check the value of your position at any time, as well as see
historical data (transactions and deals) with the click of a button. Moreover,
you may generate "scenarios" ("what-if?") with possible rates at your position,
in order to see if you are in a gain or loss.
When logic dictates, you can control greed.
considerations to think about, and a lot of questions to ask each of them.
Those raised in this chapter are presented as a guide you should use in your
search for the right broker or platform for you. Please note that some of the
answers below refer to the terms offered by the
Easy-Forex™
Trading
Platform.
We believe that a skilled and well informed trader is a better trader, for
both the trading platforms and the individual traders.
Personal account management
Is anybody there? Are there real people behind the phone (or the e-mail
box)? Do I have a one-on-one relationship with an individual who knows my
account and is able to provide continuity of service online?
Expert
Easy-Forex™
team members are available to you at all times, anytime.
Moreover, you have your own Account Service Manager working closely with
you, while dealing room services are offered to you by expert Forex dealers.
You may speak with us by phone, by e-mail, or over the advanced online CHAT
system that we operate. Depending on your location, you can also visit an
Easy-Forex™ regional office to meet in person.
Yes, it's internet, but we are
real, and we take it personally.
Live training and one-on-one help
Do they offer professional assistance and tools?
Easy-Forex™
offers background information for the Forex market, a Guided-
Tour, seminars, one-on-one training, CHAT, telephone support, as well as
other assistance tools, including technical support. You are never left alone to
trade without help, whenever you want it. Moreover, your personal Account
Service Manager will guide you live on your first trading steps, to help you get
acquainted with the Easy-Forex™ system, and will answer all of your technical
questions.
Guaranteed Rates and Stop-Loss
Is it “around” or “near” the rate I set, or exactly on it?
Easy-Forex™
guarantees your exact Stop-Loss rate by using the latest
technologies. We are committed to the principle that you will never lose more
than the margin risked by the Stop-Loss rate you choose.
The same principle holds true for any Take-Profit rate you set: your deal will
close automatically on the exact Take-Profit rate you define.
Needless to say, you can change both Stop-Loss and Take-Profit rates at any
time while a deal remains open.
It is highly important that you know that, due to the nature of the forex
global market, 100% guarantee to pre-set rates is impossible. Such may occur
under highly volatile market conditions, where other parties to the Forex
trade (e.g. – the trader, the platform, the liquidity provider, etc.) are unable
to execute specific rates, or specific rate range, due to conditions that are
beyond their control.
Simply put: Easy-Forex™ makes any and all efforts to guarantee the rates,
when it is able to doing so, unless market conditions prevent delivering the
rate selected.
No software download
Is the internet platform friendly and easy to use? Do I need to download any
software? Can I begin trading immediately, and am I restricted to a specific
computer terminal?
Easy-Forex™
Trading Platform was the first, and may be the only, Forex
platform that enables users to start trading immediately.
With no software to download, you can log into your account and trade
anytime, from anywhere.
Instant deposit with a credit card
Am I bound to wait for banking hours, or can I deposit trading margins with
my credit card? Will I miss an opportunity if I decide to change the margins in
the middle of the night? When I profit, can I withdraw the profits to my
credit card account?
Easy-Forex™
was the first, and may be the only, Forex platform that allows
you to fund your account with your credit card (or PayPal, or Western Union,
and others), so you can start trading immediately, regardless of banking work
days or hours. Easy-Forex™ cares about protecting your credit card security
and your privacy to the highest standard. To achieve that, we use the latest
technologies and comply with all relevant regulations.
Profits withdrawn can, of course, be transferred back to the source of your
original deposit (i.e., your credit card account).
Start trading in less than 5 minutes
How time-consuming is the account set-up process? Can I immediately
register, deposit the margins for the deal, and start running?
With
Easy-Forex™
, the answer is “Yes”. There is no software to download,
and you have the option of using your credit card to deposit the margin
required to trade. Please note that due to security measures aimed at
protecting you, the scope of deals during the first week of trading with Easy-
Forex™, is limited. This restriction will be removed after making phone
contact with our team.
Banks are closed at nights, weekends and holidays.
Trade, deposit and withdraw at
, 24x7
Easy-Forex™
Margin trading with as little as US$50
What is the lowest amount I can risk?
The
Easy-Forex™
system enables you to trade with very small amounts if you
wish: you can start using Easy-Forex™ with as little as $50. No bank (that we
know of) offers such an opportunity. Starting to trade with such small
amounts is the best way to get acquainted with the Forex marketplace.
“Demo” accounts, which are offered by many but not by
Easy-Forex™
, allow
you to trade only imaginary money. Consequently, you are unlikely to trade
in the same way you would with your own real money, thus minimizing the
value of such accounts as a learning tool. By trading, instead, with very small
amounts of your money, you familiarize yourself with the system, and are free
to increase your level and scope of activity at your own pace as your
confidence and experience grow.
Freeze the rate you see
When I select a rate for a deal, can I "FREEZE" it for a few seconds before I
make my final decision?
Unlike any other trading platform today,
Easy-Forex™
offers you the ability to
freeze an exchange rate for a few seconds, regardless of rate movements.
This means that the rate you see and freeze is the rate you get if you proceed
with the deal. During a “freeze”, the Forex market could change, but you are
guaranteed the rate you have frozen.
Commissions? Fees? Spreads?
(read about the
)
features offered at Easy-Forex™
No hidden costs
Are all costs readily apparent? Am I charged commissions on trading? Am I
charged commissions on withdrawals of profit?
With
Easy-Forex™
, you pay no commissions for the deals you make (see our
Spreads and Commissions page onboard our website). Easy-Forex™ acts as a
market maker, and makes its earnings from the spreads that are embedded in
the currency rates. In the "Day-Trading" zone you may roll over your positions
to the next day for a renewal fee. There are no charges for profit withdrawals
or deposits. Moreover,
Easy-Forex™
does not levy its side of bank costs onto
the trader. Easy-Forex™ performs withdrawal transactions at mid-rate value:
when you want to take profits from a deal involving a currency other than
your operating currency, Easy-Forex™ converts at an average of the current
high and low rates. Some platforms charge the high rate to generate an
additional revenue stream.
Security and Safety
What kind of safety and security measures are taken to protect my
transactions?
Easy-Forex™
treats the issues of data security, privacy, integrity and backup
with the utmost attention and care. These criteria are achieved by:
Ensuring authorized access only. Easy-Forex™ uses two layers of top
•
class firewall: one at the server level and one at the application level;
Using an advanced SSL by VeriSign for user authentication and data
•
transfer;
Separating the application servers (the servers that handle our clients'
•
online activity) from transactional information which is stored on a
different data server;
Locating two different farm servers separately for data recovery,
•
integrity and replication. Data has to be synchronized in both locations,
thus cannot be tampered with. All the information on the servers is
encrypted when stored;
The physical security of each server farm is very high. Armed guards
•
are on location 24 hours a day, and access to the premises is strictly
forbidden except for authorized personnel.
Easy-Forex™
ensures that whatever happens: failure, disaster, etc., your
transactions are intact, secure, and backed up.
To get personal assistance and free training,
Join Easy-Forex™
(registration is quick and free, no obligation)
Special terms for frequent traders
Can the trading terms I am offered be tailor-made to my personal
prefer ences?
The spreads and other terms in our site assume deals of small and up to
medium volumes. If you are a frequent trader dealing in larger volumes, we
offer you a tailor-made account to suit your exact needs (spreads, leverage
ratio, mobile-phone alerts, etc.). Contact us by e-mail or phone to obtain
your special trading terms.
Competitive spreads
How many "pips" are offered in the spread?
The spreads on our site assume deals of small and up to medium volumes. If
you are a frequent trader dealing in larger volumes, we offer tailor-made
accounts to suit your exact needs (spreads and leverage).
Live, real-time streaming quotes
Are the rates presented the most current? Is the information presented in my
account status window updated at the same time so my position is always
current?
The
Easy-Forex™
high-edge system uses the latest highly sophisticated and
advanced technologies in order to offer you up-to-the-second quotes. You may
check your accounts and positions in real time, you m ay do so 24 hours a day,
and make a deal based on real-time information. Easy-Forex™ believes it is
highly important for you to be able to control your funds whenever you wish,
and base your deals on real-time information. That is the level of service we
are committed to providing to our clients.
Refer-a-friend incentive program
Will I be credited and enjoy benefits for referring friends to the trading
platform?
Of course.
: this depends on the user’s country of residence and
HOWEVER
jurisdiction. Such program may be implemented in several world regions,
where in other regions it may not be offered. Please check with your account
sales manager!.
Being an
Easy-Forex™
user, you are entitled to cash and other bonuses for
referrals. Your regional Easy-Forex™ office can provide details.
You can also benefit by joining forces with the trading platform via
IB
(Introducing Broker) programs, and
Internet-Affiliate
programs. Easy-Forex™
rewards performance in these programs, providing online access to its
business partners. When it comes to Forex affiliate programs,
Easy-Forex™
is
number one in the world (by number of Forex-Affiliates enrolled, as well as by
commissions paid to them).
Business partners and reputation
Who are their business partners? Who is their liquidity supplier? Is it a known
international bank? Who do they work with regarding data security?
Easy-Forex™
works only with organizations with the highest reputation in their
fields. This applies to all areas, including the provision of liquidity, data
security, external auditing and others: click on their logos on our homepage to
learn about our partners or read the ABOUT section. We are proud to join
forces with the best! To name just a few, Easy-Forex™ works closely with UBS,
the world-leading Swiss bank to provide liquidity; with RBS (the Royal Bank of
Scotland); with StreamLine (world leading credit card clearing house); with
PWC as our external auditors; with Reuters, our major online data provider;
with VeriSign, for our data and transaction security; and others of similar
reputation.
Full control with online access
Can I control my Forex account from anywhere on the globe, from any
computer, at any desired time, 24x7x365?
Using any computer connected to the internet, anywhere on the globe,
registered traders can access the
Easy-Forex™
system. In case you have
technical difficulties - relating to old versions of PC hardware or software -
please read our TECHNICAL SUPPORT section (linked at the bottom of our
homepage), or contact us by e-mail, phone or chat to get online technical
support.
Full Transparency
May I generate detailed reports with the click of a button, as well as track all
transactions performed in my Forex account, whenever I wish?
Yes. You may check the value of your position at any time, as well as see
historical data (transactions and deals) with the click of a button. Moreover,
you may generate "scenarios" ("what-if?") with possible rates at your position,
in order to see if you are in a gain or loss.
When logic dictates, you can control greed.
