Since Elderton Capitals official website cannot be accessed for the moment, we could only piece together the rough picture of this broker through collecting some relevant information from other websites.
General Information
Registered in Seychelles, Ez Trades FX is an offshore forex broker provides access to forex and CFD markets. With the Ez Trades FX platform, five types of trading accounts are available, with the minimum deposit starting at $250.
However, when it comes to regulatory information, Ez Trades FX 3 disappoints us as it is not authorized or regulated by any regulatory authority. Thats why WikiFX gave this broker a very low score of 1.10/10.
Account Types
A total of five available trading accounts are provided: Starter, Islamic, Gold, Platinum, VIP.
The account type is determined by the initial deposit, for instance, $250 is what requires for a starter account. Honestly, the minimum deposits required by each account is way too high and I bet very few legit brokers would do this.
So, we strongly recommend that investors should take care when dealing with this broker.
Spreads & Commissions
Trading accounts determines the commissions and spreads. The starter account provides the minimum spread from 1 pips, while the VIP account offers the minimum spread from 0.1 pips.
Leverage
Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while Ez Trades FX enables its clients to use leverage of up to 1:600, which is significantly greater than the limits judged appropriate by many regulators.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).
Customer Support
Contact this broker using the following methods if you have any questions or problems with your trading:
Telephone: +61 240-722632
Email: support@eztradesfx.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
Is Ez Trades FX regulated？
No, Ez Trades FX is not regulated.
What is the minimum deposit amount required to make a start with ADAR Capital？
The minimum deposit amount required to register a live trading account with the Ez Trades FX platform is $250.
What trading platform does Ez Trades FX offer？
What Ez Trades FX offers is not the MT4 or MT5 trading platform.
