EuropeFX Review

EuropeFX Logo

EuropeFX is an online broker that offers forex trading and CFD trading in over 100 tradable instruments spread across equity indexes, stocks, commodities, and cryptocurrency via their many selections of trading platforms, such as MetaTrader 4, EuroTrader 2.0, and eFXGO!. They offer relatively low spreads, STP executions, and negative balance protection, and clients’ funds are held in segregated bank accounts maintained with top European banks. However, their minimum deposit requirement is on the high side.

EuropeFX Review - eFXGO
EuropeFX Review – eFXGO

EuropeFX Review Introduction

In this EuropeFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including EuropeFX.

EuropeFX Platforms & Tools

The broker provides clients with multiple trading platforms, including the very popular MetaTrader 4 (MT4) platform and their proprietary EuroTrader 2.0 and eFXGO!. MT4 is available as a desktop application, web terminal, and mobile apps for iOS and Android devices. The EuroTrader 2.0 is a web-based platform that supports stock and crypto trading, in addition to forex, indices, and commodities, while eFXGO! is a mobile trading app that can be used on Android and iOS devices.

EuropeFX Review - MT4 Trading Terminals
EuropeFX Review – MT4 Trading Terminals

On the aspect of trading tools, EuropeFX has some powerful social trading tools, such as the MirrorTrader and RoboX. The broker also provides Trading Central technical analysis and signal streaming widget.

EuropeFX Research & Education

There is a large collection of educational resources on the broker’s website, especially trading e-books, video courses, and webinars. The e-books cover some of the most important topics a new trader must know, while the video courses cover topics like market analysis, technical indicators, and trading strategies. There is a weekly schedule for their webinars.

EuropeFX Review - Video Courses
EuropeFX Review – Video Courses

EuropeFX Trading Accounts

The broker offers the following trading account types:

  • Bronze: €1,000 minimum deposit, stop out level at 50%, and 1:30 maximum leverage
  • Silver: €2,500 minimum deposit, 1:30 maximum leverage, and stop out level at 50%
  • Gold: 1:30 maximum leverage, €10,000 minimum deposit, and stop out level at 50%
  • Platinum: €25,000 minimum deposit, stop out level at 50%, and maximum leverage of 1:30
  • Premium: Only for professional traders, with a minimum deposit of €50,000, up to 1:300 leverage, and no negative balance protection.

EuropeFX Account Funding

EuropeFX accepts many different payment methods for account funding and withdrawals, and they include bank transfer, credit/debit cards (MasterCard and Visa cards), and online wallets — such as iDEAL, Skrill, SafetyPay, SoFort, Giropay, TrustPay, Euteller, and Przelewy24. There is no maximum amount for bank transfers, but there may be for other methods. Every withdrawal carries a charge of 25 EUR/USD/GBP, irrespective of the method.

EuropeFX Customer Service

The broker’s customer support team can be reached on multiple channels, such as telephone, online chat, Whatsapp, Viber, and Telegram, and they are available 24 hours per day, every trading day. There is also an online form you can use to send a message.

EuropeFX Regulation

EuropeFX is a brand operated by MAXIFLEX LTD, a company registered as a Cyprus Investment Firm (CIF) with the registration number HE327484. They are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 258/14. With a MiFID ii passport, EuropeFX is also registered with the German financial market regulator — the BaFin. The broker keeps clients’ funds in segregated accounts held in some of the biggest banks in Europe.

EuropeFX Review Summary

EuropeFX is a regulated online broker that offers forex and CFD trading in many currency pairs, equity indices, commodities, stocks, and cryptocurrency through their EuroTrader 2.0 and eFXGO! platforms, as well as the famous MT4 platform. They offer competitive spreads, fast execution, and negative balance protection, along with popular social trading tools like MirrorTrader and RoboX. But a minimum deposit of €1,000 is rather too high.

It is worth mentioning that some of the trading products and services in this EuropeFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the EuropeFX broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.

EuropeFX

6.8

Spreads

6.5/10

Liquidity

6.5/10

Commissions

6.0/10

Support

7.0/10

Regulation

8.0/10

Features

  • Strict regulation
  • Clients’ funds kept in segregated accounts
  • Multiple trading platforms
  • Social trading tools, such as MirrorTrader and RoboX
  • Analysis tools like Trading Central