Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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EuropeFX Withdrawal

  1. EuropeFX is a broker owned by Maxiflex Global Investment Corp Ltd and regulated by CySEC. The EU wide passporting system allows this broker, as many others to access the european single market and offer same trading conditions to customers from almost every EU country. Overall with EuropeFX we liked the fact the broker uses STP execution which reduces the conflict of interest and multiple platforms that are available to customers. The broker offers a wide range of resources for traders that can help them become better in technical analysis and reading the market. We hope the crypto currencies will soon also be present in the asset index as promised, since many big brokers are already offering this.

  2. EuropeFX Broker Review

    As we already mentioned in the introduction, EuropeFX uses STP execution, meaning there is no middleman that will take other side of the trade. This also means that without being the middleman (aka the market-maker) EuropeFX does not stand to earn money when trader loses or wins money since all broker earns is the commission and it depends on the number of trades and not the size of losses.

    EuropeFX claims the EAs (the strategy algorithms that can be included in MT4 platforms) are bad at reading ECN commissions so that’s why they use STP. We did not hear about these complaints before, but it can also be that traders haven’t raised them thinking the trade was just a bad luck, and not a miss because of the commission.

    Minimum deposit to start trading with EuropeFX is €200, however, if you want to get more serious, take a look at some of the specially designed account types:

    EuropeFX Bronze Account

    • Min. deposit €1000
    • Max leverage up to 1:200
    • Spread from 0.1 pip
    • Commission 2pips per lot
    • Margin call 60%

    EuropeFX Silver Account

    • Min. deposit €2500
    • Max leverage up to 1:200
    • Spread from 0.1 pip
    • Commission 1.5 pips per lot
    • Margin call 60%

    EuropeFX Gold Account

    • Min. deposit €5000
    • Max leverage up to 1:200
    • Spread from 0.1 pip
    • Commission 1 pips per lot
    • Margin call 60%
    • No micro lots
    • VIP service included

    EuropeFX Platinum Account

    • From €10000 deposit
    • Spread from 0.1 pip
    • Special offers on commission
    • 70% Margin Call
    • VIP service
    • No micro lots

    EuropeFX Premium Account

    • Min deposit €25,000
    • 100% margin call
    • Negotiate your own commission
    • 0.1 pip variable spread
    • VIP service

    So, among the accounts, the main differentiator is the commission, with Platinum and Premium account enabling customers to talk to EuropeFX and check what they can offer to them for the expected volume of trades. From the total, we are not sure what are the benefits that can be achieved since we were unable to obtain a quote for the review. However, we are not sure the commission is the same as with ECN for every level of the volume per trade, as the commissions with ECN would be.

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  5. EuropeFX Login

    EuropeFX offers a range of platforms. The most popular one is, as always, the MetaTrader4 in all its iterations – client for windows and Mac, app for iOS and Android and also tablet version for iPad. There is a web-terminal too, that requires no download. All of these accessible through the single set of login credentials provided by EuropeFX upon registering for an account. EuropeFX also offers their own webtrader, but for the sole reason it uses Adobe Flash plugin, we would recommend traders to stay away.

    EuropeFX also offers the TradeWorks as a cloud based automation software for algorithmic trading. TradeWorks system enables customers to make strategies which are then used to spot market opportunities, be executed and then execute the trade automatically. There are some strategies that are part of Tradewroks so traders may even not need to tinker much around the system to fire up automated forex trading. TradeWorks integrates with Metatrader4.

    EuropeFX lets traders trade Forex, Equities, Indices and Commodities. They will introduce cryptocurrencies as currency pairs against USD soon. In total they have 51 currency pairs, 87 predominantly US stocks, 17 types of commodities and 30 indices and futures.

    EuropeFX Client

    EuropeFX client has the opportunity to do trading based on prices of cryptocurrencies in USD. So, if you see BTCUSD, it means you are trading Bitcoin in USD prices. This is a very forex type approach to cryptocurrencies trading. At the point of updating the review, EuropeFX website did not specify which cryptocurrencies are available. From the logos on their site, we could see Bitcoin, Ethereum, Litecoin, Dash.

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    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. EuropeFX Review

    The EuropeFX website is translated in German and Italian, while there are available phone numbers to contact support from the UK, Germany Italy and Cyprus. Generally, live chat is available too as is the email support. We found the FAQ to be a bit lacking, so we guess the broker hopes most people will just use the live-chat that works directly from the website in case there are any questions.

    EuropeFX Scam

    We did not receive any complaints about EuropeFX scam.

  8. Try trading with an award-winning broker like IQ Option

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  9. The minimum deposit with EuropeFX is €200.

    Deposit methods one can use with EuropeFX are

    • bank wire,
    • Visa,
    • MasterCard,
    • Skrill,
    • Neteller.

    EuropeFX Withdrawal Fee

    In order to withdraw money, make sure to verify your identity with the required documents. Best you do this when you open an account so you do not have to think about it later. Processing of withdrawals can take up to one day. The fees are not covered by the broker – meaning if your bank wants you to pay fee for sending/receiving money via bank wire, you will have to pay it.

  10. Conclusion:

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    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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