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EZInvest Review - Is it scam or Safe?

EZInvest Review - Is it scam or safe?

RATING: 3 / 2 REVIEWS EZInvest
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Trading Accounts

 

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads
Classic $100 0.01 1:200  Fixed, 3 pips on EUR/USD
ECN  $2 500  0.01  1:200  Variable, 0.6 pips on EUR/USD


EZInvest offers its clients a choice of several fixed spread account types (which we presented above through the Classic one) and one ECN. All account types provide micro lots for trade, leverage up to 1:200 and commission-free trading. There are both fixed and variable spreads with this broker, and variable ones are available solely on the ECN account.


In addition, EZInvest offers swap-free (Islamic) accounts, which are Sharia compliant (for Muslim investors who are unwilling to earn interest for religious reasons).


The Company


EZInvest is a Cypriot foreign exchange and CFD broker. This is the brand name of WGM Service Ltd, a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC). The company also owns a binary options brand, EZTrader, launched back in 2008. It is part of the EZTD group, which also operates in Asia through recently-licensed EZInvest Securities Co., based in Japan.


EZTD Inc. is a public company, listed on the NASDAQ.


Security of Funds


Cyprus is one of the most popular forex broker jurisdictions in Europe. CySEC applies certain rules and requirements to Cyprus Investment Firms: they must hold at least €730 000 as a proof of financial stability (the same amount is also required from UK-based brokerages by FCA); in addition, forex brokers must keep customer funds in segregated accounts, separated from the company’s operating funds, and regularly report to CySEC.


As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €20 000, If the company is in default. Similar compensation schemes apply in other jurisdictions.


Additionally, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime.


Trading Conditions


Minimum Initial Deposit

In order to open an account with EZInvest, traders have to invest a minimum of $100. Such minimum initial amount is considered average; however, many other Cyprus-based brokers require less. For instance, XM demands just $ 5 from its clients as a start.


Spreads & Commissions
All account types with EZInvest are commission-free and offer both fixed and floating spreads. Fixed ones are high, amounting to 3.0 pips on EUR/USD. Variable spreads, on the other hand, are really tight - averaged 0.6 pips on EUR/USD. They are available on the ECN account with minimum initial deposit $2500.


For purposes of comparison, another Cypriot broker, Excess, offers variable spreads averaged 0.9 pips on theits commission-free accounts , and fixed ones amount to 2 pips on EUR/USD.


For more information, you may look up real-time spreads of 15 leading brokers here


Leverage
The maximum leverage level offered by EZInvest is 1:200, which is average. If you are willing to take greater risk and use higher leverage, many Cyprus-based brokers offer such - for example, XM provides leverage up to 1:888 and FXTM – up to 1:1000. Check out more brokers, providing leverage equal to or exceeding 1:500 here.


Trading Platforms 


This broker offers its clients the standard forex market trading platform MetaTrader4 (MT4), Sirix Web Trader, and its proprietary Mobile app EZInvest Mobile Trader.


MetaTrader 4 (MT4) is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work. 


What is more, it is equipped with MT4 ECN Bridge technology allowing users to access interbank FX market for ECN accounts.


Web Trader is a simple, powerful and responsive web-based trading platform, which requires no installation. The platform is equipped with Insightful charts and graphs and also enables users to view and copy other traders’ actions. Besides, you can easily synchronize it to the downloadable version of MetaTrader 4.


EZInvest Mobile Trader is a trading app, offering all the tools that traders covet with amazing functionality and ease of use. It is available for download for iPhone and Android.


Promotion
By the time of writing this preview, EZInvest runs the following promotions:


- 30$ sign up bonus, which may be withdrawn if the client makes a deposit irrespective of the amount and reaches a trading volume of 2 lots;
- 40% Bonus for deposits of above $500 up to $4,000 applicable to Fixed Spread Trading Accounts;
- 25% Trading bonus for deposits of above $500 up to $4000 applicable to ECN Trading Accounts;
- Friend Referral program: $20 - $400, depending on the referred one’s initial deposit. The latter is also entitled to a bonus from $50 to $2000.


Methods of Payment


The following payment methods are available to EZInvest clients: credit/debit cards (Visa, MasterCard, Maestro), bank wire transfer and e-wallet payment systems, such as Skrill, Neteller, WebMoney, and CashU.


Conclusion


EZInvest is a well-regulated broker that is a part of publicly-owned EZTD group. It provides commission-free trading in a wide range of currency pairs and various CFDs on MT4. To sum up the above, here are the advantages and drawbacks with regards to this broker:

 

Pros Cons
Well-regulated High fixed spreads
Choice of trading platforms, MT4 available  
No commission fees  
A selection of lucrative promotions  

 

Latest news about EZInvest
No news about EZInvest. Check back later.
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Traders` reviews for EZInvest

Spread

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Slippage

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Requotes

Pros

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Price feed

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Platform

Pros

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Deposit/Withdraw

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Cons

 

 

Customer service

Pros

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Summary

Pros

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EzInvest Withdrawal Scam in Australia.


If you are planning to use EZInvest from Australia, please don't!

Because you will never get a cent back into your account or you will never get any response to your email or calls if you are from Australia.

There are a lots of Australian approved genuine currency traders out there that you could find on the internet.

But, what ever you do, don't send money to this company, I have lost $400 in a black hole by joining this company!

They have a fancy web site to attract you and they will call you on your mobile day and night in all sort of hours to nag you to part with your money.

But if/when you initiate a money withdrawal everything will go silent and that will be the end of your money.

And no more nagging calls or email from them. And what ever you had in your account is belonged to them!

Selva

Selva 12/16/2017

EZInvest money withdrawal

Hi,
I have $400 in my account and I can't withdraw my found. So far I sent more than 15 request to assist me with this, but no luck.

Yes, I used [3 or 4 times] the online withdrawal option provided in this web site for this transfer.

Before I initiated this fund transfer I was getting all sort calls [almost nuisance] on my mobile mainly in the night time [Australian Time].

Now, they are not replying to my emails or messages. Even they have stopped [some how] the on line chat feature of this application for my account as well.

[Originally, I started trading/using binary option with this guys and all of sudden, last year I found that option was withdrawn [in Australia] and I was forced to do this current trading system instead.]

Simply, I don't want to do currency trading anymore, because I don't have any money for this.

So please, to whom I could make a complain about this please?

Regards,
Selva

Selva 12/06/2017
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