EZCFDs
Overview of the Brokerage Firm EZCFDs
EZCFDs adheres to the principle of being one of the rapidly expanding brokerage companies, catering to traders across different skill levels in online trading. With a wide range of over 1000 trading instruments, the firm facilitates effective trading activities. All the details provided below can be accessed on the official website ezcfds.com.
Accreditations and Credentials of EZCFDs
The brokerage asserts its licensing and oversight by regulatory bodies. However, there is a lack of concrete information regarding the regulators and associated documentation on the website. The company is registered in Saint Vincent and the Grenadines.
The customer support service is available 24/7, including weekends, and can be reached through various channels:
- An Estonian phone number (with a language not corresponding to the supported languages on the site),
- Online chat,
- Feedback form,
- Email.
While there are links to social media platforms on the site, they are currently inactive.
Financial Instruments and Trading Platforms of EZCFDs
Traders are provided with an advanced proprietary application for trading. Through a diverse range of financial instruments, users can engage in:
- CFDs,
- Forex,
- Indices,
- Commodities,
- Stocks,
- Cryptocurrencies,
- Bonds,
- ETFs.
Traders have access to educational resources and regular market analyses to maximize their trading potential.
Account Offerings at EZCFDs
The platform offers 6 types of trading accounts to choose from.
The minimum initial deposit required is $250, while the maximum investment cap stands at $15,000. The accounts are denominated in major currencies such as USD, GBP, and EUR. In case a trader remains inactive for 60 days, their account will incur an administrative fee of $100. Additionally, a monthly maintenance fee of 20 in USD, GBP, or EUR applies.
Every client is given the opportunity to utilize a demo account for risk-free practice, with the activation of a real trading account being a prerequisite.
Deposits and Withdrawals at EZCFDs
Deposits can be made using the provided methods on the platform.
The minimum withdrawal amount to debit/credit cards and e-wallets is $50, whereas for bank transfers, the minimum stands at $100 in USD, GBP, or EUR. The first withdrawal for Platinum and Black account holders is exempt from commission, while other account holders are subject to a 3.5% fee.
Withdrawal requests are typically processed within 3-4 days, with funds being credited within two days post-approval. Detailed information regarding financial transactions can be found in the “Trading Information/Withdrawals” section.
Final Thoughts
The claims made by the brokerage lack supporting documentation despite their regulatory statements. The company’s registration in an offshore jurisdiction does not serve as a definitive argument for collaboration. Reading reviews about EZCFDs can aid in making an informed decision regarding engagement with the platform.
This review has been prepared by the specialists at ExpertsReview.