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Easy FX Trade Review - is it scam or safe?

Easy FX Trade Review - is easyfxtrade.com scam or good forex broker?

RATING: 0.5 / 0 REVIEWS Easy FX Trade
Easy FX Trade is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account  Min. deposit Max. leverage Spread
Standard N/A  N/A  N/A 

 

Easy FX Trade presents itself as a FCA-regulated broker that offers trading in a plethora of financial instruments on several trading platforms. Its clients are allegedly able to trade in forex, CFDs, Bullon, and also to spread bet. While this sounds good as an offer from a forex brokerage, we have major concerns regarding this one.

 

Make sure you read this review before you decide to invest with Easy FX Trade.

 

 

Easy FX Trade Advantages

 

We usually try to be objective and list both the strong and weak sides of any financial services provider. Yet, in the case of this broker, we could not find anything to fill out this section with. Easy FX Trade is just a clone fake website that even does not function properly.

 

 

Easy FX Trade Disadvantages

 

Not regulated, FCA warning against it

The broker claims to be owned and operated by Easy FX Trade Limited, a company allegedly authorized by the Financial Conduct Authority (FCA), registration No. 502635. The problem is that this registration number belongs to Hantec Markets Limited, which operates Hantec Markets. As regards Easy FX Trade, we aren’t even sure that such a company exists.

 

 

Actually, the FCA has exposed Easy FX Trade as a clone of authorized firm. In its official notice, the UK financial watchdog stated that these fraudsters are using the details of a company indeed licensed by it in order to try to mislead people that they work for a genuine, authorized firm. Furthermore, the FCA said that this is a popular scam tactic when contacting people out of the blue, and advised investors to be especially wary if you have been cold called by representatives of Easy FX Trade. 

 

Cloned website

Not only that Easy FX Trade wrongfully uses the FCA registration number of Hantec Markets, but they have in fact cloned the website of the latter.

 

 

 

 

Click on any of the images to zoom in.

 

Besides, many sections of the website are not functioning.

 

Couldn’t open an account

When we said that many parts of Easy FX Trade’s website are not functioning, this also refers to the account opening. Unfortunatley, this does not mean that this broker can’t get naïve investors to deposit with it via phone, for example. Cold-calling is actually the most popular method to swindle investors out of their money in the forex trading world.

 

 

Conclusion

 

It is obvious that Easy FX Trade runs a fraudulent scheme – it tries to mislead investors it is a legitimate broker by illegally using the FCA registration number of Hantec Markets as well as a website that clones bona fide the webpage of Hantec.

 

The FCA is able to enforce proceedings against companies which are authorized by it, however false websites which are not licensed and do not provide any financial products (as users cannot even sign up) often fall outside their jurisdiction. Such clone firms and websites can, of course, be considered a matter for criminal investigation.

 

So, don’t allow Easy FX Trade or any such scammers get you pulled by the nose. Always check the company names of the brokers in the websites of the respective regulators and make sure you only invest in financial services providers regulated by reputable governmental agencies.

 


>> UK FCA-regulated brokers <<

 

 

To sum up our recap of Easy FX Trade in a few words:

 

Pros Cons

Not any

Not regulated, FCA warning against it

 

Cloned website

 

Couldn't open an account

 

Latest news about Easy FX Trade
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Traders` reviews for Easy FX Trade

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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