EZCFDs was an offshore CFD broker, that only opened recently in March 2021. As fast as they opened, they quickly closed! As of January 4th, 2022, their website no longer works.
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EZCFDs Broker Reviews
Our review of this broker called EZCFDs shows that they offer Forex and Crypto CFD trading, on a simple web-based trading platform. You will need to register with the broker in order to see their web-based trading platform. The trading platform has Trading View charting on it. Professional traders will not find the usual MT4 or MT5 (Meta Trader) trading software, which they are accustomed to using. There is no ability to use an Expert Advisor addon.
You will find listed for trading over 300 underlying assets in the categories of; Forex Pairs, Exotic Currencies, Crypto, Stocks, and Market Indexes. When trading contracts for difference, you are investing with leverage as high as 400:1 depending on the asset. The appeal of using margin is, that you can make large profits quickly, but at the same time, the risk is much greater.
All brokers offer you a choice of account types, and at EZCFDs it seems all accounts are the same. The minimum deposit requirement for a new account is $250.
Is EZCFDs a Legit Broker?
No, EZCFDs is not a licensed or regulated broker.
How do you verify that your broker is legitimate, and not another just another investing scam? You must check with your country’s financial regulatory agency, that the broker has a license. Day traders should only invest with a local broker, that is regulated by their country’s regulatory agency.
All online brokers, whether they are offering Crypto or Forex CFDs, are required by law to have a license. If your broker is not licensed, then they are an illegal scam. Always confirm that your broker is 100% authorized by the financial regulator.
Algorithm Crypto Trading Apps
Many new investors get suckered into investing because they read a fake news article about some algorithm trading app. Don’t be another loser, and read some reviews of these trading apps.
EZCFDs does not offer their clients copy trading or automated trading.