Review of EuropeFX

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.

Product	Offering
Forex	50
Cryptocurrencies	6
Stocks	10
Indices	13
Commodities	4

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 a substantial risk and we do not recommend it without having prior trading experience.

Product (CFDs)	Maximum leverage	Margin
Forex	1:200	Variable
Indices	1:20	Variable
Stocks	1:5	Variable
Commodities	1:10	Variable
Cryptocurrency	None	No leverage offered

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. 

Product	Average spread	Fixed or variable?
Forex	0.20 pips	Variable
Indices	0.30 pips	Variable
Stocks	0.30	Variable
Commodities	0.49	Variable
Cryptocurrency	None	Fixed fee

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 method	Deposit	Withdraw
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

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 type	Fee amount	Commission
Forex	–	0.20 pips
Stocks	–	0.30 pips
Commodities	–	0.49 pips
Indices	–	0.30 pips
Cryptocurrency	–	Variable
Inactivity	$50	–

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.

Product	Minimum trade	Maximum trade
Forex	0.01 lots	No limit
Stocks	0.01 lots	No limit
Commodities	0.01 lots	No limit
Indices	0.01 lots	No limit
Cryptocurrency	0.01 lots	No limit

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.