EuropeFX was an international Forex CFD broker, that was licensed and regulated in Cyprus by CySEC.
On October 15th 2021, CySEC suspended their license, and now they have renounced it. Therefore, they are no longer a regulated broker. Their website is not working when we last checked in October 2023.
Owned and operated by: MaxiFlex LTD, they are located at: 46 Ayiou Athanasiou, Interlink Hermes Plaza, First Floor, Office 102, CY-4102, Ayios Athanasios, Limassol, Cyprus. Contact phone number is: +35724022444. Contact email is: [email protected]. Official website site is: https://europefx.com/.
Traders with withdrawal problems should read this.
EuropeFX Review
Investors at EuropeFX are given access to the MT4 trading platform, which has a Web Trader and their eFXGO mobile app for Android & iOS. They offer a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold silver), Indices and CFD’s for shares trading.
Commissions are 2 pips per lot, and the maximum Leverage is limited to 30:1 due to ESMA rules. Professional traders can get margin rates of 200:1. The website is available in the following languages; English, Nederlands, Swedish, Italian and German. You can create multiple demo trading accounts to test out the platform and your trading strategies.
The minimum required deposit for a the smallest “Bronze” account is €1,000, which is very high. At a broker like ForTrade, you can start trading with just $100.
Warning! Do Not use an Automated trading app, until you read this!
Is EuropeFX a Legit Broker?
No. Based on their various issues with regulators around the world, it is best to just stay away from this broker.
Normally, the way an investor knows if a broker is legitimate and not a scam, is by checking their regulatory status. When you see that they hold a valid license from your governments’ financial regulator, you can be sure that they are legit.
On June 15th 2020, the FCA in England issued an alert: “UK consumers should be aware that these Cyprus registered firms no longer hold relevant permissions to conduct regulated activities with UK consumers.” Read more.
EuropeFX is a CySEC regulated CFD broker, holding license number 258/14 since November 10th 2014. You can see their official license on CySEC’s website. A CySEC licensed broker can offer brokerage accounts, to all countries that are members of MiFID in the European Union.
Until January 31, 2020, this broker, was owned by: MAXI EFX GLOBAL AU PTY LTD, Suite 21, Level 1, 23-29 Hunter Street, Hornsby NSW 2077, Australia. Phone number: +61280164777. Website: https://europefx.com.au/.
As of 1 February 2020, Europe FX is no longer a Corporate Authorised Representative of Union Standard International Group Pty Ltd, Australian Financial Services License number 302792. Now all clients are trading directly at USGfx.com. Their contact information is: [email protected] or +61292511416.
Compare Popular Brokers
There are so many Forex brokers to choose from, and they are all competing for your business. First try a few legit brokers, and see which one is best for you. Always verify that your broker is licensed by your local financial regulator (i.e. FCA United Kingdom).
ForTrade is a popular broker, with a license from the FCA in United Kingdom & ASIC Australia, see here.
You get an easy trading app, and Free Demo Accounts. Learn more at: ForTrade.com.
What was your trading experience like with the brokers at EuropeFX? Write your review in the comment section below.