Friday, 11 December 2009

Easy Forex - Benefits Of Currency trading With Easy Forex

By Prema Laga

Easy Forex is a online broker that has been a player forex trading longer than most. Easy Forex was created in 1999 and has seen their fortunes slowly rising as most online forex brokers choose to do business with them over forex brokers. In the old days, Easy Forex had a very simple strategy as an online forex broker. They have always tried to make online trading an easy and straightforward affair for their customer base. Because of this, they did not have a forex trading platform for download. They used their homepage as a means of placing long and short orders.

It consisted of a number of query boxes the client has to fill up such as currency pair, lot size, stop loss, limit etc. Their homepage was designed with simplicity in mind. Users normally report that all the information on their site is easy to access.

In the past, the spreads offered by Easy Forex were not very impressive as they were a bit higher than other major online forex brokers. Thankfully, they have rectified that problem and now have very competitive spreads.

But spreads are not the most important criteria when choosing a reliable forex broker. And Easy Forex has been in the business since 1999, making them one of the few online brokers to survive that long. Which is great for traders because this proves that Easy Forex is a reliable broker to trade with. They have been granted full regulation in Australia, America and Europe.

This broker also offers a number of advantages to their customers as well. While the competition is offering 4 or 5 base currency accounts, this broker offers 12. The currencies are made up of the British pound, USD, the Euro, NZ dollar, Australian dollar, Franc, Singapore dollar, Polish Zloty, Krone and the Yen. Very impressive.

Commodities are also offered such as gold, heating oil, crude oil, gas oil and silver. And to top it all off, they do not charge any withdrawal fees. This is welcome as most other online brokers do charge anywhere from twenty to thirty for a withdrawal transaction.

Since their forex trading platform is entirely web based, clients can trade anywhere in the world as long as they have a computer and an internet line. There are no downloads involved. Clients are also given the unique ability to freeze the price before entering a trade. This feature is unique only to Easy Forex. Since prices fluctuate constantly, this means getting the rate you want is much easier.

Like most popular brokers, they also offer a free forex demo account Easy forex is truly one of the top online brokers when looking at their benefits.

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