Introduction
eDealFX.com is an online FX brokerage firm that offers its clients a range of financial instruments and platforms to trade on. In this review, we will take a look at the company’s regulation, platforms, instruments and user ratings.
What is eDealFX.com?
eDealFX.com is an online forex and CFD trading platform that offers a wide range of currency pairs, precious metals, energies, indices, and cryptocurrencies for its clients to trade. The company is headquartered in the United Kingdom and is authorised and regulated by the Financial Conduct Authority (FCA).
eDealFx.com provides two main types of trading platforms – the MetaTrader 4 (MT4) and the WebTrader platforms. Both platforms are available for desktop, web, and mobile devices. The MT4 platform is a popular choice among traders as it offers advanced charting tools, a wide range of technical indicators, and automated trading features. The WebTrader platform is a simplified version of the MT4 platform and is ideal for beginner traders.
In addition to forex pairs, eDealFX.com clients can trade CFDs on major indices, commodities, precious metals, and cryptocurrencies. The company offer leverage of up to 1:500 on some instruments which can be both beneficial and risky for traders depending on market conditions.
eDealFX.com has been operational since 2009 and has gained a good reputation amongst traders over the years. However, the company does not accept clients from the United States due to regulatory reasons.
Regulatory Overview
eDealFX.com is an online broker that offers trading in forex, CFDs and precious metals. The company is based in Mauritius and is regulated by the Financial Services Commission (FSC).
The eDealFX.com website is operated by HF Markets Ltd, a company registered in the Republic of Seychelles with registration number HE 307615. The registered address is Suite C, Garden Court, off Hiridjee Street, Port Louis, Mauritius.
The broker offers two account types – Standard and ECN. The Standard account requires a minimum deposit of $500 and has a maximum leverage of 1:200. The ECN account requires a minimum deposit of $5,000 and has a maximum leverage of 1:100. Both accounts have commission-free trading.
The broker uses the MetaTrader 4 (MT4) platform for desktop and mobile devices. MT4 is one of the most popular trading platforms in the world and offers a wide range of features and tools for traders.
eDealFX.com offers a wide range of tradable instruments including major, minor and exotic currency pairs, precious metals, energies and indices. The broker also offers stock CFDs on selected US stocks.
Cryptocurrency trading is not available at eDealFX.com at this time.
Platforms and Instruments
eDealFX.com is an online broker that offers foreign exchange (forex) trading services to retail and institutional clients. The company is based in Mauritius and is regulated by the Financial Services Commission of Mauritius (FSCM).
The eDealFX.com website offers two types of trading platforms: the MetaTrader 4 (MT4) platform and the WebTrader platform. The MT4 platform is a downloadable software application that provides advanced charting and trading features. The WebTrader platform is a web-based platform that offers basic charting and trading features.
eDealFX.com offers a wide variety of currency pairs, CFDs, metals, energies and other instruments for trading. Client funds are held in segregated accounts at major banks such as Barclays, HSBC and Citigroup.
The minimum deposit for a new account is $500, and leverage up to 1:200 is available for retail clients. ECN accounts are also available with higher leverage of up to 1:500. spreads on major currency pairs start at 0.8 pips on the MT4 platform and 0.9 pips on the WebTrader platform.
User Ratings
eDealFX.com is a popular online broker that offers a variety of different platforms and instruments for trading forex, CFDs, and commodities. In this review, we will take a look at the company’s regulation, platforms, instruments, and user ratings.
eDealFX.com is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company offers three different platforms for trading: the MetaTrader 4 platform, the WebTrader platform, and the mobile trading app. eDealFX.com offers a wide variety of instruments for trading, including major and minor currency pairs, precious metals, energies, indices, and stock CFDs.
User ratings for eDealFX.com are generally positive. The company has an overall rating of 4 out of 5 on Forex Peace Army, with users praising the company’s customer service and low spreads. On TrustPilot, eDealFX.com has a score of 8 out of 10, with users citing similar positive aspects as well as the ease of use of the platform and fast withdrawal times.
Pros and Cons
eDealFX.com is one of the many online currency trading platforms available today. But what are the pros and cons of using this particular platform?
Pros:
– eDealFX.com is a regulated broker, which means that it is subject to strict financial rules and regulations. This provides customers with a certain degree of protection and peace of mind.
– The platform offers a wide range of currency pairs, CFDs and other instruments for trading. This gives users plenty of choice when it comes to finding a trade that suits their needs.
– User ratings for eDealFX.com are generally positive, with many praising the customer service, platform functionality and overall user experience.
Cons:
– Some users have complained about the spreads on eDealFX.com being higher than on other platforms. This is something that potential customers should be aware of before signing up.
– There have also been reports of occasional slippage when trading on eDealFX.com. Again, this is something that potential customers should be aware of before making any decisions about using the platform.
Conclusion
eDealFX.com is a reliable and user-friendly online trading platform that offers a wide range of features and tools to its users. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers a variety of financial instruments to trade, including forex, CFDs, commodities, stocks, indices and more. eDealFX.com also provides an excellent user interface with advanced charting capabilities and a wide range of technical indicators. Overall, eDealFX.com is a great choice for online traders looking for a comprehensive trading platform with plenty of features and tools at their disposal.