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broker reviews
EZINVEST

EZINVEST
About company:

EZInvest - Cypriot FX and CFD Broker

 

Company. Fund security

EZInvest is a trademark of WGM Service Ltd, a financial services company authorized and regulated by the Cyprus Securities Commission (CySEC). The company also owns the EZTrader binary options brand, launched back in 2008. It is part of the EZTD group, which also operates in Asia through the recently licensed EZInvest Securities Co., based in Japan.

 

EZTD Inc. is a public company listed on the NASDAQ.

 

Cyprus is one of the most popular Forex broker jurisdictions in Europe. But at the same time, the regulator puts forward quite strict requirements for companies: in order for a broker to have at least 730,000 euros, all clients 'money must be in segregated accounts, brokers must participate in the investors' compensation fund and regularly report to CySEC.

 

Trading conditions

EZInvest offers its clients several types of fixed spread accounts and one ECN account to choose from. All account types provide micro-lots for trading, leverage up to 1: 200 and commission-free trading. This broker has both fixed and variable spreads, the latter are only available on an ECN account.

 

Additionally, EZInvest offers swap-free (Islamic) accounts for Islamic clients.

 

Minimum initial deposit

To open an account with EZInvest, traders must invest at least $ 100. This is an average offer in the industry, however you can find traders with a $ 1 deposit.

 

Spreads and commissions

All account types at EZInvest are free and offer both fixed and floating spreads. Fixed spreads - 3 pips on the EUR / USD pair. Variable spreads - 6 pips on average on the same pair, but they are only available on an ECN account with a minimum initial deposit of $ 2500.

 

Leverage

The maximum leverage from EZInvest is 1: 200.

 

Trading platforms

This broker offers its clients the standard MetaTrader4 (MT4) trading platform, Sirix Web Trader and its own mobile app, EZInvest Mobile Trader.

 

The world famous MetaTrader4 terminal has more than 50 built-in indicators, charting capabilities, advisors. Moreover, it is equipped with MT4 ECN Bridge technology, allowing users to access the interbank foreign exchange market for ECN accounts.

 

Web Trader is an easy-to-use trading platform that does not require installation and is equipped with Insightful charts and charts, and also allows users to view and copy trades of other traders. Moreover, you can easily sync it with the downloadable version of MetaTrader 4.

 

EZInvest Mobile Trader is a trading application offering all the popular trading tools. It is available for download on iPhone and Android.

 

Analytics and news

EZInvest has video tutorials and a basic trading course where you can get familiar with general concepts.

 

Support service

Works via online chat, phone, email and feedback form. The site is available, including in Russian.

 

Ways of payment

EZInvest clients can deposit funds through credit / debit cards (Visa, MasterCard, Maestro), bank transfer systems and e-wallets (Skrill, Neteller, WebMoney and CashU).

 

Pros:

 

regulated broker; selection of trading platforms; selection of trading accounts.

 

Minuses:

 

high fixed spreads.

 

 

EZINVEST is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.

In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.

The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.

What is the benefit of a broker?  

 

The broker EZINVEST makes profit from traders' transactions, as a rule, in two main ways.

The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.

The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.

Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.

 

Ways to cheat customers  

 

We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.

The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.

Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.

In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where are brokerage companies registered?

 

One of the key points is the place of registration and regulation of the company's activities.

Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.

However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.

But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization,   considering disputes between its members - brokers and their clients.

If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to pay attention to?

 

When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.

It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.

Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.

Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.

Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.

FAQ - broker questions

  • 1. Do the trader reviews impact on a rating of EZINVEST ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker.

  • 2. How to leave a comment about EZINVEST on the website 4ex.review ?

    In order to leave a review about the broker, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the broker EZINVEST decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. EZINVEST received a score of 1 of 5 on our resource.

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