Review of EuropeFX

EuropeFX was launched in 2013 and enables you to trade over 100 instruments, across 5 asset classes including forex, cryptos, and stocks. With an easy-to-use interface and strong reputation, EuropeFX is a good choice for European investors.
By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as… read more.
Updated: Jun 4, 2021
3.5/5 Star rating
16 min read
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EuropeFX is aimed at European traders and unlike other similar exchanges, it also offers straight-through processing trade execution for a more transparent trading environment. Find out if EuropeFX is right for you in this review and learn about the platform’s unique features, security and fee structure. 

Pros & Cons

Pros:

Regulated broker
Supports MetaTrader 4 trading platform
300+ trading instruments, including CFDs and cryptos
Vast educational resources

Cons:

What can I do with EuropeFX?

EuropeFX is a Cyprus-based forex and CFD broker that offers Web Trader and MetaTrader 4 integration, while also allowing you to enjoy EuroTrader 2.0 and social trading through Mirror Trader, in addition to automated trades through RoboX.

The broker maintains a secure trading environment with over 100 tradable instruments across 5 asset classes and is designed with both beginner and professional traders in mind, offering maximum leverage of 30x for regular accounts per EU regulation and up to 100x for professional accounts.

EuropeFX markets, assets, and options

What assets and products can you trade on EuropeFX?

Traders have access to over 50 currency pairs and six cryptocurrency pairs. Apart from these, EuropeFX also maintains a diverse range of equity CFDs including Microsoft and Amazon, indices, and commodities.

ProductOffering
Forex50
Cryptocurrencies
Stocks10
Indices13
Commodities4
See all products and assets >

What leverage trading options are there?

EuropeFX offers competitive leverage but i5 falls under the European Union regulations which allows up to a maximum leverage of 30x for retail account holders. European professional traders have access to up to 200X leverage, based on their trading volume. EuropeFX doesn’t offer any trading leverage for its cryptocurrency CFDs.

Please be aware that trading with leverage carries substantial risk and we do not recommend it without having prior trading experience.

Product (CFDs)Maximum leverageMargin
Forex1:200Variable
Indices1:20Variable
Stocks1:5Variable
Commodities1:10Variable
CryptocurrencyNoneNo leverage offered
View all leverage options >

What are the spreads?

EuropeFX charges variable spreads, depending on the type of account you open (Bronze, Silver, Gold, or Platinum), and depending on your individual trading volume. 

Spreads start at 0.10 pips per lot and can reach up to 2 pips per lot. There are no hidden rates for special trades, no upcharges for small trades, and also no other charges for trading in particular currencies either. 

ProductAverage spreadFixed or variable?
Forex0.20 pipsVariable
Indices0.30 pipsVariable
Stocks0.30Variable
Commodities0.49Variable
CryptocurrencyNone Fixed fee
See all spreads >

Fees, limits, and payment options on EuropeFX

What are the deposit and withdrawal fees, limits, and speeds?

EuropeFX offers one of the widest variety of payment methods of any CFD broker, allowing credit/debit cards, wire transfers, and a series of e-wallets, including Paypal and Skrill. The company doesn’t charge any deposit fees but does charge a universal 25 EUR/USD/GBP withdrawal fee, no matter the payment method.

Payment methodDepositWithdraw
Paypal
– min/max
– fees
– speed
Yes
$200/N/A
N/A
Instant
Yes
$1
$25
24 hours
Debit/Credit cards
– min/max
– fees
– speed
Yes
$200/$50,000
Free
Instant
Yes
$1/$50,000
$25 
24 hours
Bank Transfer
-min/max
-fees
-speed
Yes
$200/N/A
Free
1-2 business days
Yes
$100/N/A
$25
3-4 business days
Skrill
-min/max
-fees
-speed
Yes
$200/$50,000
1.45% or min 0.50 EUR
Instant
Yes
None/$50,000
$25 EUR/USD/GBP
24 hours
iDeal
-min/max
-fees
-speed
Yes
$200/$50,000
Applicable third-party fees
Instant
Yes
None/$50,000
$25
24 hours
SafetyPay
-min/max
-fees
-speed
Yes
$200/N/A
Applicable third-party fees
Instant
Yes
None/$50,000
$25 
24 hours
Euteller
-min/max
-fees
-speed
Yes
$200/$10,000
Applicable third-party fees
Instant
Yes
None/$10,000
$25 
24 hours
World Pay
-min/max
-fees
-speed
Yes
$200/$100,000
Applicable third-party fees
Instant
Yes
None/$100,000
$25 
24 hours
Neteller
-min/max
-fees
-speed
Yes
$200/N/A
1.45% or min 0.50 EUR
Instant
Yes
None/$50,000
$25
24 hours
See all payment methods >

How much are EuropeFX’s fees and commissions?

EuropeFX charges variable spreads, depending on the asset you wish to trade. The fees are the same no matter if you’re a professional or regular account holder. However, the fees may vary in percentage if you’re an Australian trader, as opposed to a European trader.

EuropeFX also charges an inactivity fee of $50 for an account that is dormant for more than three months. 

Fee typeFee amountCommission
Forex0.20 pips
Stocks0.30 pips
Commodities0.49 pips
Indices0.30 pips
CryptocurrencyVariable
Inactivity $50
View all fees and commissions >

EuropeFX trade sizes and limits

The minimum trade size starts at 0.01 lots, but the maximum traded volume is determined depending on your account type and whether you’re a professional or a regular trader.

ProductMinimum tradeMaximum trade
Forex0.01 lotsNo limit
Stocks0.01 lotsNo limit
Commodities0.01 lotsNo limit
Indices0.01 lotsNo limit
Cryptocurrency0.01 lotsNo limit
View all trade sizes and limits >

EuropeFX trading platform

What devices can I use EuropeFX on?

EuropeFX clients have access to a comprehensive selection of trading platforms, from the award-winning Web Trader and MetaTrader 4 platforms to TradeWorks, and EuroTrader. The MetaTrader 4 platform is available for web, desktop, Windows, and Mac users. 

  • Web browser
  • PC Desktop
  • Mac desktop
  • Tablet
  • iOS Mobile Device
  • Android Mobile device

Can I use EuropeFX in my country?

EuropeFX is open to all traders EU-wide, including those in Austria, Belgium, Croatia, and Germany. Select your country from the list below to see if it is available where you are.

Is EuropeFX available in my language?

EuropeFX’s main website is available in English, German, Italian, Dutch, and Swedish.

How easy is it to use EuropeFX?

EuropeFX’s interface is intuitive and easy to use, especially for those who are accustomed to either the popular Web Trader or MetaTrader 4 trading platforms. Both the Eurotrader 2.0 and the MetaTrader 4 Web Terminal provide a series of tools and APIs to meet the needs of professional traders, including automatic trading. 

The mobile app version can be downloaded to any type of mobile device (smartphone or tablet) and features a user-friendly interface, where you can trade all of EuropeFX’s 100+ instruments with just the touch of a button. EuropeFX also offers a free demo account with a virtual balance of $100,000 that allows new traders to test different trading strategies and improve their skills. 

Key features

EuropeFX Bank represents a good alternative for everyone who wants to trade with decent leverage, whether we’re talking about CFDs, forex, stocks, commodities, or indices. Here are some of the broker’s key features.

STP Trade Execution

Straight-through processing (STP) is an automated process performed purely through electronic transfers with no manual intervention by the broker and creates a more open and transparent way to trade.

Educational Portal

EuropeFX values its clients and is fully invested in their trading success. The broker’s Trader Education portal offers access to daily Trading Central analysis, insights, and a complete multimedia trading library filled with articles, online courses, and webinars to meet the needs of both beginner and professional traders alike.

Multiple Account Options

The wide range of account options makes the EuropeFX experience accessible for all types of traders. All the trading accounts come with No-Dealing Desk STP trade execution and fixed, transparent spreads per lot.

Security and regulation

Is EuropeFX safe?

EuropeFX is considered a safe trading platform because it ensures data exchanges are secured using 128-bit encryption on all platforms. Also, all financial transactions are carried out using regulated payment processors on PCI-compliant servers.

Am I and my funds protected?

In line with Cyprus Securities and Exchange Commission regulations, the broker holds client funds in segregated European bank accounts and provides negative balance protection. Clients’ accounts are insured up to a maximum of 20,000 EUR or 90% of a covered investor’s claim, whichever is lower. 

Is EuropeFX regulated?

Yes, EuropeFX is registered as a Cyprus Investment Firm (CIF) and is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license no. 258/14. 

Although the broker mentioned that it is also regulated in Australia, it went under investigation by the Australian Investments Commission (ASIC) and the Australian authorities ultimately claimed that the company was running an online scheme whereby clients wouldn’t get their money back. As a result, the broker ceased its Australian operations.

Do I have to verify my account with EuropeFX?

Yes, EuropeFX follows a KYC (Know Your Customer) policy that requires all clients to submit personal information, including your first name as it appears on your ID, surname, address, and other identification elements. All information provided is confidential and protected under the European Union’s Data Protection protocol.

You can open a demo account and try various trading strategies and work on your trading skills without providing any personal information.

Extra information

Educational resources 

EuropeFX has an entire portal dedicated to educating its clients. On the broker’s website, under the “Education” tab, you can find a series of useful tutorials, an economic calendar, webinars, news, as well as a blog section, and a FAQ.

EuropeFX also provides trading calculators which use real-time data so that you can work out Loss/Take Profit levels, Pivot Points, and more before actually placing your trade.

Tools and charting

Given EuropeFX’s myriad of trading platforms choices there was bound to be at least an equal amount of trading tools and charting options. With a built-in library of over 50 technical indicators, Market Orders, Pending Orders, Stop Orders, Trailing Stops, and the ability to trade from within charts, the broker does not disappoint.

Customer support

There are several ways you can contact EuropeFX, including through their live chat service, available at the bottom corner of the homepage. Email and telephone are also listed as secondary and tertiary contact methods respectively, and there are three dedicated telephone numbers designed specifically for clients from Cyprus, the UK, and Germany. 

Our verdict

EuropeFX was originally launched in 2013 and offers over 100 assets to trade, including CFD forex pairs, cryptos, stocks, commodities, and indices. It provides full MetaTrader 4 integration as well as other alternative trading platforms (EuroTrader 2.0, eFXGO!), complete with high-proficiency tools to meet the needs of professional traders. 

There are five types of accounts available (Bronze, Silver, Gold, Platinum, and Professional), as well as a demo free account with up to $100,000 of virtual money which you can trade to try out various strategies and bolster your skills. The broker’s full fledged educational portal helps to this extent, as you can stay updated with daily market analysis and learn from the video academy and webinars.

Despite some negative reviews left by former traders and a conflict that saw it withdraw from the Australian market, EuropeFX remains fully regulated in Europe and a good alternative for traders.

How to open an account with EuropeFX

  1. Click on the ”Login” link in the header on the homepage. Then click on the “Sign Up” now link. Alternatively, you can also choose to open your account using your Facebook or Google login credentials.
  2. Fill in all the details and follow the steps required to complete the signup process
  3. You need to verify your email address and then your account by uploading your personal identification documents
  4. Once these are verified, you can make a deposit and start trading!
Who owns EuropeFX?
How does EuropeFX make money?
Do I have to pay tax on EuropeFX profits?
Does EuropeFX offer CFD trading?
How do I sell on EuropeFX?
How do I delete my EuropeFX account?
How can I short on EuropeFX?
What if I forget my account password?
Can I transfer from my EuropeFX account into my PayPal account?
What if EuropeFX closes down while I have open trades?
Can I access my full trading history on EuropeFX?
Can I pay in cryptocurrency with EuropeFX?
Does EuropeFX offer bonuses?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
Financial writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.

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