General Information
EFX Markets Limited Was Established In 2010 And Is An Offshore Forex Broker Registered In The British Virgin Islands. EForex Markets Is The Trading Name EFX Markets Limited. The Company Focuses On Providing Investors With Financial Instruments Including Forex, Commodities, Indices And Cryptocurrencies.
Regulatory Risk
It Is Important To Note That Although EForexmarkets Claims To Be A Regulated Broker, It Does Not Actually Hold Any Authorised Licenses.
Account
EForexmarkets Has Four Regular Account Types For Investors To Choose From: Standard Account, Silver Account, Gold Account, And Platinum Account. The Account Standards Are Set Based On The Minimum Deposit Amount, Which Varies From $200 To $10,000.
Leverage
EForex Markets Offers Different Leverage For Different Clients. Standard, Silver, Gold, And Platinum Accounts Are Offered With Decreasing Leverage Ratios Of 1:400, 1:300, 1:200, And 1:100 In Turn.
Spreads
Users Can Trade The EForex Market In 42 Currency Pairs. Spreads Vary By Account Type. For Example, For The EUR/USD Currency Pair, Spreads Start From 1.3, 1.0, 0.6, And 0.2 For Standard, Silver, Gold, And Platinum Accounts.
Commissions
The Various Account Types Are Designed To Meet The Needs Of Different Traders, And Of Course, The Returns On Their Accounts Vary Slightly. Gold Accounts Charge $7 Commission Per Lot, And Platinum Accounts Charge $5 Commission Per Lot, But Other Accounts Do Not Charge Any Fees.
Overnight Interest Free Account
In Addition To Regular Accounts, EForex Markets Also Offers Swap-free Accounts For Muslim Traders. The Account Has A Maximum Leverage Of 1:300 And Spreads Are Charged From 2.0 Without Commission.
Trading Platform
EForexmarkets Offers Its Clients Access To The World Financial Marekt Through The Metatrader 5 (mt5) Platform, Which Is Used By Millions Of Traders Worldwide And Is Available For PC And Mobile Phones.
Deposit And Withdrawal
EForexmarkets Supports Multiple Payment Methods For Deposits/withdrawals, Including Credit/debit Cards, Bank Telegraphic Transfers, And E-wallets. It Is Important To Note That Traders Emphasize That Deposits And Withdrawals Cannot Be Made To Third-party Accounts.
Trading Hours
Customers Can Use The EForex Market Portal Open At Any Time, But Trading Hours Are Market-specific. In General, Forex Trading Is Available 24 Hours A Day, Monday To Friday.
Customer Support
EForex Market Supports 24/5 Service. According To The Official Website, Traders Also Provide Investment Support To Clients, Including Economic Calendars, Market Analysis, And More.
