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• Our Review Method

• Is Easy FX Trade Scam or Legit Broker?

• About Easy FX Trade

• What is Easy FX?

• Pros

• Cons

• Conclusion

• Easy FX Update

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Easy FX due to the issues we've identified.

Is Easy FX Trade Scam or Legit Broker? ▲

Upon extensive analysis, it has become evident that Easy FX Trade operates devoid of legitimacy. Owned by Easy FX Trade Limited, the entity touts regulatory compliance with FCA and ASIC and boasts a global presence across London, Tokyo, Hong Kong, Sydney, Auckland, Dubai, and Mauritius. Nonetheless, our foremost apprehension surrounds its regulatory status—or rather, the absence thereof. Contrary to its claims, Easy FX Trade lacks authorization from both the Financial Conduct Authority in the UK and the Australian Securities and Investments Commission, casting a shadow over its legitimacy.

About Easy FX Trade ▲

• Registration: Unregistered

• License Type: None

• Safety of Trading: Not safe

• Recommended Licenses: FCA (UK) & ASIC (Australia)

A dive into the operations of Easy FX Trade exposes a brokerage offering Forex, CFDs, and Bullion trading services without the necessary registration or licensing. This discovery is particularly alarming given the recent advisory from the FCA, which unmasked Easy FX Trade for not only disseminating false regulatory information but also for impersonating the FCA-licensed firm, Hantec Markets Limited. This revelation underscores the prevalence of "clone firms" in the industry, a fraudulent tactic often employed by entities aiming to deceive and scam unsuspecting individuals in the UK by masquerading as genuine, regulated firms.

What is Easy FX? ▲

Easy FX Trade emerges as a broker engaged in the trading of Forex, CFDs, and Bullion. However, the FCA's recent alert casts a shadow on its operations, revealing that the broker has been misleadingly leveraging the registration details of Hantec Markets Limited, a legitimately FCA-licensed entity. This act of impersonation by Easy FX Trade, highlighted in the FCA's warning against "clone firms," accentuates the risks associated with engaging with brokers who reach out unsolicitedly, utilizing details of authentic firms to perpetrate scams within the UK.

Pros ▲

• None identified due to regulatory concerns and deceptive practices.

Cons ▲

• Misleads about regulatory status.

• Impersonates legitimate, licensed entities.

• Absence of necessary registration or licensing.

• Utilizes deceptive practices consistent with "clone firms."

Conclusion ▲

In light of the issues uncovered, we strongly advise against engaging with Easy FX Trade and urge potential investors to opt for reputable and properly regulated brokers instead. The importance of trading with a broker regulated by esteemed bodies like the FCA in the UK or ASIC in Australia cannot be overstated, as it significantly enhances the safety of investments. The overall experience and ranking for Easy FX Trade are undeniably negative, underscoring the critical need for due diligence in selecting a trading partner.

Easy FX Update ▲

Our latest findings reveal that the Easy FX Trade website has gone inactive, indicating a suspension of its trading services. Despite this development, we maintain our recommendation to exercise caution and steer clear of any propositions that may arise from this broker. The discontinuation of its website suggests a cessation of operations, yet the potential for future solicitations remains a concern worth noting.