ezifx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-05 18:16

Abstract：ezifx started its brokerage business in 2019 registered in Saint Lucia while operates in the United Arab Emirates. It offers over 1500 market instruments for trading and 24/7 customer support. Implementation of segregated funds, negative balance protection and encryption techniques enhances protection of customer property.

ezifxReview Summary
Founded	2019
Registered Country/Region	Saint Lucia
Regulation	Unregulated
Market Instruments	1,500+, Forex, Indices, Agriculture, Energies, Commodities, Metals
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:1000
Spread	From 0.2 pips
Trading Platform	MetaTrader 5
Social/Copy Trading	✅
Min Deposit	$50
Customer Support	24/7 support
	Contact form
	Tel: +44 79 3842 8797
	Email: support@ezifx.com, info@ezifx.com
	Twitter, Instagram, WhatsApp, Telegram, Facebook, LinkedIn, YouTube
	Registered Office: Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia
	Operation Office: Sabha Build, Jabel Ali Industrial Area – Jabel Ali Industrial First, Dubai, United Arab Emirates
Regional Restrictions	The United States of America, Canada, Israel, North Korea, Iran and Saint Lucia

　　ezifx started its brokerage business in 2019 registered in Saint Lucia while operates in the United Arab Emirates. It offers over 1500 market instruments for trading and 24/7 customer support. Implementation of segregated funds, negative balance protection and encryption techniques enhances protection of customer property.

　　Apart from demo accounts and three tiered live accounts, the broker also provides access to Islamic account for those who need to comply to Sharia laws. The MT5 trading platform ensures smooth and intuitive trading experience for traders.

　　However, the company currently operates without regulation from any authorities, to some extent degrades its credibility and reliability.

Pros and Cons

Pros	Cons
Segregated funds and negative balance protection	Unregulated status
Wide selection of investment choices	Regional restrictions
Demo and Islamic accounts offered
Tiered accounts
Commission-free accounts offered
Flexible leverage ratios
Support MT5
Social/copy trading available
Popular payment options
Affordable minimum deposit
No fees for deposits and withdrawals
24/7 support
Multiple contact channels

Is ezifx Legit?

　　No, ezifx is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on ezifx?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Agriculture	✔
Energies	✔
Commodities	✔
Metals	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Ezifx offers three different types of accounts in both live and demo accounts. And it also provides Islamic accounts.

Account Type	Min Deposit
ECN	$5,000
Prime	$1,000
Pro	$50

Leverage

　　Ezifx offers leverage up to 1:1000, which can potentially bring high returns, but it also comes with high risks.

Account Type	Max Leverage
ECN	1:1000
Prime	1:500
Pro	1:500

Spread and Commission

　　Keeping an eye on trading fees matters since they have direct impact on your profit margins. The more fees you pay, the more they eat on your returns. With ezifx, the fees depend on the account types.

Account Type	Starting Spread	Commission
ECN	0.2 pips	$7
Prime	1.2 pips	❌
Pro	1.6 pips	❌

Trading Platform

　　Ezifx uses MT5 as its trading platform.MT5 is developed by MetaQuotes Software Corp. This company has rich experience in the field of financial trading software. MT5 is a product upgraded and expanded on the basis of the success of MT4 (MetaTrader 4), aiming to provide more advanced and flexible trading solutions for global investors and financial institutions.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Android, iOS, Windows	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　Ezifx does not charge fees for deposits and withdrawals. The minimum deposit is $50. It supports payment methods including Bitcoin, NETELLER, Perfect Money, MasterCard, VISA, and Bank Transfer.