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).
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.
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 $2500.
For purposes of comparison, another Cypriot broker, Excess, offers variable spreads averaged 0.9 pips on theits commission-free accounts , and fixed ones amount to 2 pips on EUR/USD.
For more information, you may look up real-time spreads of 15 leading brokers here.
The maximum leverage level offered by EZInvest is 1:200, which is average. If you are willing to take greater risk and use higher leverage, many Cyprus-based brokers offer such – for example, XM provides leverage up to 1:888 and FXTM – up to 1:1000. Check out more brokers, providing leverage equal to or exceeding 1:500 here.
MetaTrader 4 (MT4) is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.
What is more, it is equipped with MT4 ECN Bridge technology allowing users to access interbank FX market for ECN accounts.
Web Trader is a simple, powerful and responsive web-based trading platform, which requires no installation. The platform is equipped with Insightful charts and graphs and also enables users to view and copy other traders’ actions. Besides, you can easily synchronize it to the downloadable version of MetaTrader 4.
EZInvest Mobile Trader is a trading app, offering all the tools that traders covet with amazing functionality and ease of use. It is available for download for iPhone and Android.
By the time of writing this preview, EZInvest runs the following promotions:
– 30$ 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.
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.
EZInvest Review Conclusion
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