Score

1.67 /10
Danger

EZINVEST

Regulated in Cyprus

Market Making(MM)

High potential risk

B

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Comparison

Quantity 23

Exposure

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Score

Regulatory Index3.84

Business Index8.22

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

WGM Services Ltd

Company Abbreviation

EZINVEST

Platform registered country and region

Cyprus

Company website

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  • +35795579964

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-16
  • The number of the complaints received by WikiFX have reached 21 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

I HAVE BEEN DEFRAUDED OF A LIT

I HAVE BEEN DEFRAUDED OF A LITTLE MORE THAN 50 THOUSAND PESOS M XUCAMOS. They are professional fraudsters. They speak well, they convince you of good investments and big promises of profits, you start with little, 100 dollars, then they tell you to take advantage of the opportunities urgently deposit 1000 dollars and you will see your profits quickly. HAHAHA, YOU WILL NEVER SEE ANY MONEY AND YOU WILL NEVER SEE ANY PROFIT. REAL PROFESSIONALS OF FRAUD AND FRAUD THE SEAP WILL RAISE IT FROM ZERO THE FIRST DAY, TO 250 DOLLARS THE NEXT DAY, IF THEY SEE THAT YOU ARE MAKING PROFITS. AND IF THE POSITION IS 0.2 THE SEAP IS 550 DOLLARS. A REAL ABUSE. ALSO THE INDICATORS ARE NOT CORRECT, YOU HAVE TO WIN 1:10 TO ADVANCE ONE, AND IF YOU LOSE IT IS ONE TO ONE. THERE IS ONE WORD THAT DEFINES THIS. AND IT'S THAT AND THE F A D O R S SHOULD BE FINED AND PUT IN JAIL.

2024-05-01 19:44
Scam

SCAM

On August 30th, I made an initial investment with EZINVEST and on September 3rd, due to insistence and false promises of returns and bonuses, the advisor assigned to me convinced me to invest an additional $800. From then on, she only called me 3 times and opened trades under the understanding that she was teaching me, but in reality, I didn't understand anything about the foreign exchange market. In the end, she stopped responding to my chats and I saw my numbers decreasing instead of increasing, while she was nowhere to be found. Until it reached a point where I had nothing left, only negative numbers. I reached out for support, providing evidence of what I had explained, screenshots, and even then, it was difficult to get a response. Until yesterday, September 14th, I received a call from someone claiming to be a legal advisor from the company, saying that the woman had been fired for misconduct. However, they are now asking me for an additional $210 as insurance, in order to recover my money.

2024-10-16 09:16
Scam

Scam in the Ezinvest company

They contacted me for a deposit of $250, with that money I would start my investment, but not only that they also requested identification, address and even electricity documents. In the process, one or another person contacted me but they did not explain anything to me about the company, I only had a class with my broker, then he was irresponsible because he did not call me on time. Seeing this situation I decided to withdraw, but when I requested my withdrawal from the platform they told me to wait 3 to 5 days, and only once did they contact me promising a refund of $250 and then they no longer answered emails, then we insisted on calls and a manager answered us, saying that I must have 950 soles on my card to get my money back, I responded that I don't have such money, and he mentioned that then the money is lost, he got upset and cut off my call.

2024-02-27 04:01
Scam

Fraud

I am owed approximately $18,000.00, but they have only sent $300 so far. My investment was $2,000 and I ended up sending $9,089.00 to avoid losing my investment, but they did not send me my money. They made the excuse that my card has a limit for receiving money, which is not true. I asked for evidence of the supposed transactions that did not go through, but they did not send me anything. I did not understand and they do not give me explanations as to why. Also, when I had profits from a trade, they were supposed to close it after obtaining the profits, but they left it open, causing a negative balance which they used as an excuse to not send me my money. I decided to close all the trades because I did not want to continue and I needed my money, especially since I am going through my cancer condition, which I made known from the beginning. They told me that in order to send me my money, there had to be open trades and they would be sending me two payments. They opened trades without authorization and manipulated my account.

2024-10-12 07:08
Unable to Withdraw

Fraud, inability to withdraw

I invested 29 thousand dollars in this platform and I did not receive a single dollar, I took out many loans to reach that amount that according to them was the best way to do it since it is what is customary to not decapitalize me. I attach screenshots of the platform and the chats, they keep asking me for money and tell me that it is impossible to send me my earnings, to date 68 thousand dollars supposedly because there is an imbalance in the account. I would at least like to recover what I have invested in order to be able to pay all the loans I have taken out, which I cannot pay by any means since I am an independent worker with a bakery business and only my husband receives a monthly salary, we have two young children and my mother is quite ill. It is really a disappointment, for wanting to move forward I got into a lot of debts that promised to pay since the platform gives a lot of profits and that never came.

2024-07-02 07:17
Scam

Fraud in Ezinvest 👎

I started trading for the first time in August of this year 2024. I started with the minimum of 250 and then the broker convinced me to deposit 2,400 US to work with Nvidia. She promised me that I would make profits in 10 days, but that never happened. Instead, the stocks kept dropping from 130 to 100 and my account went into negative. She asked me for more money, but I didn't have any more. To save my account, I took a loan from the bank for 3,000 US. But then the broker told me that if I could get 5,000, she would approve a bonus of 10,000. So I deposited the 5,000 and she promised me that she would take care of the loan installments with the bank. However, it turned out that the account went down again and she asked me for more money. In my desperation, I confronted her and her finance manager, asking why she asked me for more money. They wanted me to deposit again, but I had no other source than my credit cards. This week, they told me that we could close the account, but I had to deposit 9,800 US. I could only reach 5,000, but they won't give it to me.

2024-10-19 07:44
Unable to Withdraw

Transactions are canceled when I request a withdrawal

The following is to inform that this company is fake, it's pure scam. I started in July of this year wanting to learn how to invest and they told me that I needed 250 USD to start, which I deposited. Then they asked me for 1000 USD and since it was promoted as safe, I proceeded to deposit that amount as well, something I regret. Until today, I haven't been able to withdraw, they always come up with a new lie. They say I can't withdraw if I have open orders, I close them and request the withdrawal and they cancel the withdrawal request and even open orders without my authorization, they have even tried to take money from my card. I would like to know if there is anything I can do to recover my investment, as I haven't lost anything, even on their website it says I have 2.6k dollars, which I know is a lie. I attach images to see if it helps. Many times they even express themselves poorly regarding the request. Here is the evidence.

2024-10-24 01:04
Scam

DO NOT TRUST, they will take your money.

This broker makes calls to make you invest with them and they offer you false promises and illusions. Red flags: intensity to invest more to "earn" more, manipulation of the account, irresponsibility in attending meetings, lack of professionalism of the "advisors", absurd offers of benefits and credit bonuses, inability to make withdrawals. In my case, at the beginning I deposited $300 two days later I wanted to leave since an investment opportunity had come up, but they wouldn't let me since they had to spend 15 days to make withdrawals. I stayed and had a return of $400, I requested to withdraw $50 and had no problem (I told them I was going to invest more later). The trade they recommend has high risks and, sooner or later, money will be lost. So it was sometime later that I went from $350 to $141.72, so I decided to leave. Of course, they deny me withdrawals. My goal from almost the beginning was to recover my investment (it was never to make profits with them) because the fraudulent contamination in EZINVEST was evident. The staff contacted me and told me on the one hand that I must close operations and request withdrawal (which I have done three times) and on the other, with the "advisor" Laura Castañeda, they told me that I must manage a risky margin of 150% to be able to withdraw money... Absurd. Furthermore, he blames me for my "lack of commitment as a customer." Clear moral: DO NOT trust calls promises or illusions; STUDY broker before making deposits; PREFER brokers that are recognized and endorsed by their prestige and the experiences of their clients. Today I learned, although it cost me $250 to do it. I recognize my mistakes and make the learning my own.

2024-03-02 02:26
    EZINVEST · Company summary
    EZINVEST Review Summary
    Founded 2013
    Registered Country/Region Cyprus
    Regulation Regulated by CYSEC
    Market Instruments Forex, currency, commodities, indices, stocks, cryptos
    Demo Account Available Unavailable
    Leverage 1:200
    EUR/ USD Spreads 2.7 pips (Silver Retail account)
    Trading Platforms MT4, SIRIX WEBTRADER, and EzInvest Mobile
    Minimum Deposit $250
    Customer Support Phone, email

    What is EZINVEST?

    EZInvest, launched in 2013, is an online trading broker specializing in forex, commodities, and indices. It serves the needs of both retail and corporate traders. With its headquarters in Nicosia, Cyprus, EZInvest provides a wide range of trading instruments and various live trading accounts, each with unique features and minimum deposit requirements.

    EZINVEST's home page

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros Cons
    • Regulated by CYSEC • Negative review
    • Account variety • Regional restrictions
    • Demo accounts available
    • MT4 supported
    • Trading tools and educational resources provided

    EZINVEST Alternative Brokers

    There are many alternative brokers to EZINVEST depending on the specific needs and preferences of the trader. Some popular options include:

    • LegacyFX - A leading brokerage firm providing comprehensive trading solutions across a wide range of financial instruments, including forex, stocks, commodities, and indices.

    • Grand Capital – A multi-asset trading platform that provides traders with access to various financial markets, innovative trading technologies, and an extensive range of investment options.

    • Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.

    Is EZINVEST Safe or Scam?

    EZInvest is owned and operated by WGM Services Limited (Won Global Markets), an authorized and regulated investment firm operating under the authorization of the Cyprus Securities and Exchange Commission (CySEC) with the license number: 203/13.

    regulated by CYSEC

    It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, EZINVEST appears to be a reliable and trustworthy broker.

    However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

    Market Instruments

    EZInvest provides a comprehensive range of trading instruments to meet the needs and preferences of traders. Here are the instruments available:

    • Forex:

    EZInvest offers trading in over 190 FX spot pairs, providing access to one of the most dynamic markets globally. Traders can participate in the foreign exchange market and take advantage of the fluctuations in currency exchange rates.

    • Currency:

    Traders can engage in trading various currencies, enabling them to speculate on the movements in currency pairs and take advantage of potential opportunities in the currency market.

    • Commodities:

    EZInvest allows traders to trade popular commodities such as gold, silver, and oil. These markets offer a diverse range of investment opportunities and can be influenced by factors like supply and demand dynamics and geopolitical events.

    • Indices:

    EZInvest provides access to major international stock indices. Traders can speculate on the performance of global stock markets without directly investing in individual stocks. This allows for broader market exposure and the opportunity to diversify trading strategies.

    • Stocks:

    EZInvest offers trading in popular stock CFDs, including well-known companies like Amazon, Alphabet (Google), and Apple. Traders can speculate on the price movements of individual stocks without owning the underlying assets, providing flexibility and opportunities for both bullish and bearish market views.

    • Cryptocurrencies:

    EZInvest offers a growing selection of cryptocurrencies to trade. Traders can take advantage of the popularity and volatility of cryptocurrencies such as Bitcoin, Ethereum, and others. This allows for potential opportunities in the crypto market.

    Market Instruments

    Account Types

    EZInvest offers different types of live trading accounts with distinct features and minimum deposit requirements.

    • Platinum Professional:

    This account type is designed for professional traders and requires a minimum deposit of $99,000. It offers advanced features and benefits tailored to experienced traders, including access to a wider range of trading instruments, dedicated account managers, and personalized support.

    • Platinum Retail:

    The Platinum Retail account is suitable for individual retail traders and also has a minimum deposit requirement of $99,000. It provides various features and benefits similar to the Platinum Professional account, such as a wide range of trading instruments, competitive spreads, and dedicated customer support.

    • Gold Professional:

    This account type targets professional traders and requires a minimum deposit of $25,000. It offers a range of features suitable for experienced traders, including a selection of trading instruments, competitive spreads, and access to advanced trading tools and resources.

    • Gold Retail:

    The Gold Retail account is designed for individual retail traders and has a minimum deposit requirement of $25,000.

    • Silver Retail:

    The Silver Retail account is aimed at individual retail traders and has a lower minimum deposit requirement of $1,000. It offers a more accessible entry point into live trading, providing access to basic features and trading opportunities.

    Account Types

    EZINVEST also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.

    Leverage

    EZInvest offers a maximum leverage of 1:200. Leverage allows traders to control larger positions in the market with a smaller amount of capital. For example, with a leverage of 1:200, a trader can control a position up to 200 times the amount of their initial investment. This means that even with a relatively small amount of capital, traders can access larger trading volumes and potentially increase their profits.

    However, it is important to note that while high leverage can amplify potential gains, it also magnifies the risks involved in trading. The higher the leverage, the greater the exposure to market fluctuations, which can result in significant losses. Traders should exercise caution and carefully consider their risk tolerance and trading strategies before utilizing high leverage.

    Spreads & Commissions

    EZInvest offers different spreads and commission structures for its live accounts. Here's a summary of the spreads and commissions for each account type:

    Account Type Spread Commission
    Platinum Professional From 3 pips None
    Platinum Retail From 1.5 pips None
    Gold Professional From 1.5 pips None
    Gold Retail From 0.5 pips $/€/£ 7 per lot traded
    Silver Retail From 0.5 pips $/€/£ 7 per lot traded

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    EZINVEST 0.5 pips (Silver Retail account) $/€/£ 7 per lot
    LegacyFX 0.2 pips None
    Grand Capital 0.0 pips None
    Trading 212 1.2 pips None

    Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

    Trading Platforms

    EZInvest offers its clients three trading platforms: MetaTrader 4 (MT4), SIRIX WEBTRADER, and EzInvest Mobile.

    • MetaTrader 4 (MT4):

    - MT4 is a popular and widely-used trading platform in the industry.

    - It provides advanced charting tools, technical analysis indicators, and customizable trading strategies.

    - Traders can access a wide range of financial instruments, including currencies, commodities, CFDs, and indices.

    - MT4 offers expert advisors (EAs) for automated trading and backtesting capabilities.

    MT4
    • SIRIX WEBTRADER:

    - SIRIX WEBTRADER is a browser-based trading platform that allows real-time trading of currencies, commodities, CFDs, and indices.

    - No software download or installation is required, making it convenient for traders to access from any location.

    - The platform features a vibrant social investment network, enabling traders to connect with over 700,000 investors.

    - Social trading functionality allows users to mimic successful strategies of other traders.

    SIRIX WEBTRADER
    • EzInvest Mobile:

    - EzInvest Mobile is a fully-featured mobile trading app designed for traders on the go.

    - It offers comprehensive charting tools, market news, and access to manage portfolios while away from a desktop or laptop.

    - The app is compatible with both Apple and Android devices, providing flexibility for traders using different mobile platforms.

    - EzInvest Mobile aims to provide an excellent trading experience with easy access to markets and real-time trading capabilities.

    EzInvest Mobile

    See the trading platform comparison table below:

    Broker Trading Platform
    EZINVEST MT4, SIRIX WEBTRADER, and EzInvest Mobile
    LegacyFX Trading software
    Grand Capital iTrade, Webtrade
    Trading 212 Proprietary platform and a Web-based Version

    Trading Tools & Educational Resources

    EZInvest offers a range of trading tools to help their clients make informed trading decisions and enhance their trading experience.

    • Economic Calendar: Stay informed about global trends and events with a free economic calendar.

    • Margin Calculator: Easily calculate the cost of opening a trade with the free margin calculator.

    • Notifications: Get real-time trading notifications to stay on top of market movements in forex, commodities, stocks, and indices.

    Trading Tools
    • Trading Glossary: Enhance your trading knowledge with a comprehensive glossary of financial terms and vocabulary.

    • Web TV: Watch live broadcasts hosted by experienced analysts, covering topics such as forex, currencies, indices, and commodities.

    Educational Resources

    Deposits & Withdrawals

    EZInvest provides its clients with a range of convenient deposit and withdrawal methods to facilitate seamless funding and access to their trading accounts.

    • Bank Transfer:

    This method allows you to transfer funds directly from your bank account to your EZInvest trading account. It offers a secure and reliable way to deposit larger amounts of money.

    • Credit/Debit Cards:

    EZInvest accepts major credit and debit cards, providing a quick and convenient way to fund your trading account. By simply entering your card details, you can deposit funds instantly and start trading right away.

    • Online Cards:

    In addition to traditional credit/debit cards, EZInvest supports virtual prepaid cards and various online payment platforms. These online cards offer an added layer of security and allow for hassle-free deposits.

    • eWallets:

    EZInvest provides support for a selection of popular electronic payment methods, commonly known as eWallets. These platforms offer secure and swift transactions, making it easier to fund your trading account.

    Deposits & Withdrawals

    EZINVEST minimum deposit vs other brokers

    EZINVEST Most other
    Minimum Deposit $250 $100

    User Exposure on WikiFX

    On our website, you can see a report of severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Customer Service

    Customers can visit their office or get in touch with customer service line using the information provided below:

    Telephone: +357 25 123 281

    Email: support@ezinvest.com

    Address: Ellinas House 5th Floor, 85 Limassol Avenue, Aglantzia 2121, Nicosia, Cyprus

    Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram and YouTube.

    Twitter: https://twitter.com/EzinvestCY

    Facebook: https://www.facebook.com/ezinvestofficial

    Instagram: https://www.instagram.com/ezinvest_official/

    YouTube: https://www.youtube.com/channel/UC9AoWzy0VUpLlBDENFuDMbg

    Whats more, EZINVEST provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, EZINVEST aims to provide transparency and clarity to their clients, helping them make informed decision.

    FAQ page

    EZINVESToffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

    online messaging

    Conclusion

    In conclusion, EZInvest is a reputable online trading broker offers a wide range of trading instruments. EZInvest caters to the needs of both retail and corporate traders, providing them with various live trading accounts and maximum leverage of 1:200. It regulated investment firm under CySEC.

    It is important for traders to note that, as with any investment, there are risks involved in trading, and past performance is not necessarily indicative of future results. Therefore, it is crucial for traders to conduct their own research, educate themselves about the markets, and seek professional advice when necessary.

    Frequently Asked Questions (FAQs)

    Q 1: Is EZINVEST regulated?
    A 1: Yes. It is regulated by CYSEC.
    Q 2: How can I contact the customer support team at EZINVEST?
    A 2: You can contact via telephone, +357 25 123 281 and email, support@ezinvest.com.
    Q 3: Does EZINVEST offer demo accounts?
    A 3: Yes.
    Q 4: Does EZINVEST offer the industry leading MT4 & MT5?
    A 4: Yes. It offers MT4, SIRIX WEBTRADER, and EzInvest Mobile.
    Q 5: What is the minimum deposit for EZINVEST?
    A 5: The minimum initial deposit to open an account is $250.
    Q 6: Is EZINVEST a good broker for beginners?
    A 6: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and other platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
    Q 7: At EZINVEST, are there any regional restrictions for traders?
    A 7: Yes. The information and services contained not intended for residents of the United States or Canada or the United Kingdom.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    News

    ExposureAnother Forex Fraud

    The only way to protect yourself from forex scams is to be alert. As an investor, you must be vigilant and up-to-date about what is happening in the forex industry. In this article, we will tell you about the sad story of a user who eventually became a victim. The victim filed a complaint on WiKiFX against EZINVEST Broker on February 29, 2024.

    WikiFX
    2024-03-04 15:38
    Another Forex Fraud

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    FX2733976675
    0-3months
    Proporcionan herramientas avanzadas que son ideales para traders intradía como yo. Puedo ejecutar estrategias con rapidez y confianza.
    Proporcionan herramientas avanzadas que son ideales para traders intradía como yo. Puedo ejecutar estrategias con rapidez y confianza.
    Translate to English
    2024-11-12 04:55
    Reply
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    Melon1952
    0-3months
    Valoro la forma en que EZInvest realmente se centra en las necesidades de sus clientes. Se toman el tiempo para comprender mis objetivos comerciales. Se siente personal, lo cual es poco común en esta industria.
    Valoro la forma en que EZInvest realmente se centra en las necesidades de sus clientes. Se toman el tiempo para comprender mis objetivos comerciales. Se siente personal, lo cual es poco común en esta industria.
    Translate to English
    2024-11-08 06:43
    Reply
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