EasyXP Broker Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

EasyXP Review

EasyXp is a 100% web based binary options platform that offers 80% maximum payoff. It was established in 2004 and is a subsidiary company of Simple Trade. The company has one of the most comprehensive and user friendly websites. EasyXP is a very popular name among novice traders because of its excellent 24/7 customer support service.

The platform offers to invest in a wide array of assets and secure trade through high/low options, one touch, and boundary investments. EasyXP offers the facility of supplemental wire withdrawal, which is offered by very few in the binary options trading industry.

EasyXP Overview

Trading Instruments

EasyXP provides an objective platform to trade in a diverse variety of investment instruments. Traders can invest in worldwide financial markets though one forum. It offers to invest in the below mentioned assets and financial products.

Foreign Currency Pairs: Pound-Dollar, Euro-Japanese Yen, Dollar-Japanese Yen, Euro-Turkish Lira, Euro-Dollar and many others

Commodities: Gold, Silver and Crude Oil

Indices: FTSE-100 Future, Dow Jones-30 Future, Nikkei-225 Future, Hang Seng Future, DAX-30 Future, NIFTY-Future

Stocks: Sumitomo, Sony, France Telecom, Societte General, Societte General, Apple, British Petroleum PLC (BP), Barclays PLC, Facebook Inc,

Software

EasyXP is an online trading company that does not require the purchase or installation of any software. It also offers the convenience of mobile trading without the need of any advanced applications. The activation process of EasyXP is very quick and simple. You just need to register online and deposit the minimum amount of 200 USD. It does not even require email activation. As soon as get yourself registered, your account becomes active and open for trading.

Deposit and Withdrawal

EasyXP is very popular for quick transfer of funds. You can easily deposit funds by logging in your account and accessing the deposit page. Deposit or withdrawal can be done via three methods; Credit or Debit Cards, Wire and MoneyBookers. The minimum deposit amount is $200; however, in case of wire transfer, you need to deposit at least $500.
Withdrawal is also as easy as the deposit process. You just need to click the banking page and access the withdrawal section. Enter the amount you wish to withdraw and that’s it. It is not a lengthy form filling process.

Bonus and VIP Program

The welcome bonus of EasyXP is different from others. It is determined by the amount of first time deposit. The bonus pattern is illustrated in the below table.

EasyXP

Broker Name: EasyXP
Platform: Tech
Founded: 2020
Bonus: 50
Return/Refund: 75-80%/0-10%
No. Of Assets: 80
Regulated: No
Demo Account: Yes
Minimum Deposit: 200
US Traders: Not Accepted

EasyXP Review

Important Notice. EasyXP is now RegalOptions.

Editor’s Note – Why does EasyXP Suck in 50 Words?

On the Homepage they state they are “Global Options & Forex Leader”… Of course they are a “Leader” because nowadays all I see are leaders of the industry. Maybe someone should explain to them the meaning of the word. Anyway, that’s not the main problem, but the misleading nature of the quoted phrase is: from that statement one could easily understand that Forex trading is available. When I contacted EasyXP asking if I can trade Forex with them, they told me that I can trade Options on currencies. These are two very different things and EasyXP seemed misleading right from the start.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Why EasyXP doesn’t Suck?

Although I don’t really like the white template they use for the website, I must admit it’s pretty well organized. Once you click the FAQ section at the top, on the left hand side you will see quite a big amount of information regarding education, banking, legal and others. It’s not something outstanding but it’s good to have all the info at hand.

EasyXP Full Review – Easy… If you don’t Ask Too Many Questions

One of the first things I do when I start reviewing a broker is check to see who I am dealing with: what’s their address, information about the owning company, etc. So I landed on the “About us” page where I could read that “EasyXP is a subsidiary of Simple Trade, a company founded in 2008…” Not too much information if you ask me, but it was a good start… or so I thought at the time. Next, I visited their “Contact us” page and I got another name and an address this time: Afact Solutions. Of course, the logical question was “Who am I really dealing with?” And what is the relationship between Afact Solutions, Simple Trade and EasyXP? After a quick Google search I found out that Afact Solutions also owns Finopex and Option Ground… not exactly top tier material in my opinion, but hey, everybody’s a leader these days.

My query made to a Live Chat representative about the relationship between the three entities got me nowhere and I was politely asked to send them an e-mail for further questions… That almost always translates into “You are never going to get a real answer… but send us an e-mail if it makes you feel better”. I was also told that I don’t know the difference between “subsidiary” and “owning” and when I adopted the attitude “Ok, I’m stupid, so teach me”, I was told again to… send an e-mail.

The platform used by EasyXP is provided by Tech Financials. Notice the bolded “is” – that’s because Live Chat representatives told me their platform is powered by Tradologic and I insisted it looks like a Tech Financials platform. However, they were certain they are using Tradologic so I didn’t want to be the one who tells them there’s no Santa Claus. Check for yourselves or just take my word for it: the trading platform layout looks like the one used by 24Option which is known to use the Tech platform. Furthermore, on the Tech Financials official webpage, EasyXP is listed as a partner and on the Tradologic website, it isn’t. So, if it looks like a duck and it quacks like a duck… it’s a duck. Joking aside, the platform is pretty user friendly but the charts are too small. However, almost all brokers have this chart problem so we are still hoping the day comes when we can trade Binary Options directly from Meta Trader.

The FAQ section is pretty comprehensive and well organized, but their educational material lacks substance and is focused rather on emphasizing the advantages of Binary Options than on actually teaching you how to trade. Overall EasyXP was a pretty disappointing and dull experience: they don’t bring anything new to the table, no special features, no outstanding payouts or great education. Although information exists about their owning company, I consider them too secretive when it comes to explaining the relation between the three names appearing on their website. Not the worst I’ve seen, but not among the top either and I couldn’t find something that could make me open an account with them. So would I recommend them to a friend? Not by a long shot.

Is EasyXP a Scam?

This is always a complicated question because we would need hard evidence before we can consider that a company is clearly a Scam. At the moment, the available information doesn’t point towards EasyXP being a scam, but I don’t really see the point of opening three similar brokerage websites (EasyXP, Finopex and Option Ground are all owned by Afact Solutions). Maybe instead of managing three websites, they should focus on perfecting only one and turning that website into a real market leader… unless they are planning something else. Or maybe they are just spreading their risk by having three websites.

No major complaints were found when searching on forums, chat rooms and review websites but instead, we found positive reviews on a website called “easyxpreview.com”. Hmmm, I don’t think I can trust that positive review…

The bonus depends on your first deposit but the maximum value listed on their website at the moment is 30% bonus for a deposit of $1000 to $5000. In order to withdraw the bonus you will have to trade 40 times the amount received; that’s a little too high compared to the industry’s average, but the bonus is low anyway so you won’t have to trade such a high volume before withdrawing it.

Withdrawals are available via Credit Card or wire transfer with one withdrawal per month being free of charge and consequent withdrawals within the same month incur a $30 fee. The minimum withdrawal is $200 and personal identification documents are required.

EasyXP Ratings

User Friendly 13/20

The platform is easy to use and intuitive and almost all information is nicely organized and structured. Unfortunately the website is available only in English so that’s definitely not user friendly for a trader who doesn’t speak it.

Number of assets and expiry times 13/20

Their Asset Index is composed of 12 Indices, 3 commodities, 16 currency pairs and 9 stocks. This is a pretty limited range but good enough for a new trader who is just getting familiar with the market. Also, some more experienced traders analyze and trade just a handful of assets so everything is good as long as EasyXP’s selection includes those. They allow 15 minute, half an hour, hourly and longer expiries and also 60 second trading.

Commissions, Support and Effective return 13/20

There is no fee for opening an account, but a dormant account will be charged 10% of the account balance per month and withdrawals are charged with a $30 fee (except the first withdrawal of the month). Live Chat representatives are pretty quick to respond and polite but they don’t really know what platform they are using and they don’t answer straightforward questions. The effective return ranges between 70% and 85%.

Deposit, Payment and Bonus 14/20

Deposits can be made via Credit Card, MoneyBookers or wire transfer, with the minimum deposit being $200. The payment processing time is 36 hours since the request is received by EasyXP but the money will be available in your account after a longer time. The bonus amount depends on your initial deposit and ranges between 10% (for deposits up to $499) and 30% (for deposits between $1000 and $5000). The wager is 40 times the bonus.

Website Extras 7/20

Unfortunately we could not find anything that can be considered Extra. Nothing stands out as being innovative or rarely seen before. All the regular stuff like 60 seconds, rollover, close now…

Binary Options Reports

EasyXP Broker Review

EasyXP Broker Review

EasyXP is a relatively new binary options broker, but it has a very promising future. The simplicity and ease of use coupled with a superb trading platform accepting traders from the United States as well as the rest of the world, make it a particularly attractive choice for traders just starting out as well as seasoned Wall Street veterans looking to profit and make winning trades.

EasyXp is a no-download platform. Meaning you simply register a real money trading account, make your initial investment, and start trading. It’s a hassle-free, no-nonsense trading environment that simply puts you in the “money zone” the second you start.

Platform Special Features:

• Easy trading with an intuitive web interface
• Multi-Language Support Staff (English, Spanish, German, Italian, and French)
• 24/7 customer service availble on phone, as well as e-mail, and live chat
• Get up to 85% in ROI in trades
• Get up to 15% of your original stake back even if you lose the trade (Cash back)
• Accepting traders from the USA (all instruments) as well as the rest of the world.
• One touch weekly trades
• Around 100 assets available
• No broker or hidden fees
• Minimun trades start at $25 for hi/low digital options and as little as $5 on 60 second
options
• Minimum deposit amount stands at $200 €/£ depending on your currency.

How to Trade Binary Options on EasyXP:
EasyXP has one of the biggest asset indexes you can find online today. Offering an impressive array of choices for you to start trading with, this broker has Forex currency pairs (EUR/USD, EUR/GBP, USD/JPY) as well as other safe-haven currencies, indices, stocks, and commodities.

Trading is surprisingly simple, and this is also why trading binary options is so appealing. As opposed to traditional options trading, you don’t have to speculate as to the actual expiry price, simply guess as to the direction of the the price (up/down, above/below) and if you predict correctly, your contract will expire in the money (also referred to as a winning trade).

Registration takes but a few minutes,and once you are phone-verified you can start trading immediately. This also indicates that the platform is safe and secure since it places a lot of emphasis on identity and documentation.

Available Trading Features:
High/low, boundary, touch/no touch, and 60 seconds.

Accepted Payment Methods:
Traders can deposit and withdraw money via bank transfer, MoneyBookers (Skrill), and Cashu. All the major credit cards and debit card such as Visa, Mastercard/Eurocard, and American Express (Amex), as well as Western Union can be used to deposit.

Strong Points:
As its name suggests, EasyXP offers a particularly user friendly and intuitive trading arena designed for the sophisticated crowd as well newcomers. The flow us super-fast and a few clicks is all it takes to get you started.

The platforms offers a wide assortment of educational tools such as free trading tutorials, instructional videos, E-books, and beginners as well as advanced trading guides.

Varying Intervals of Expiration Times & Dates
Expiration times are based on the trading instrument of your choice and the contract associated with the asset you are trading. You can trade 60-second options, 15-minute, 30-minute, 60-minute, weekly or even month binary options depending on how you view market financial developments. In other words, you can tailor a trading portfolio exactly how you see fit.

Returns on Investment
This Spotoption-powered platform offers returns of 85%+ on the standard digital options (High/Low), 15% cash back on out of the money trades.

Languages
The website is currently written in English and translated to French. German and Italian support is also provided.

Unique Features

1. Free Instructional Trading Guides – This platform is loaded with a host of educational goodies designed to give you all the edge you need. Instructional videos, guides, webinars, and tutorials are all freely available along with a very thorough FAQ section.
2. Exit Early – Exiting trades early is possible with EasyXP. This means you have a chance to regain a portion of your loss and increase your balance, or alternatively cash out a part of your profits.
3. Live Graphs – Live graphs are available for all assets. Make sure to check the time scales in order to base your price predictions.
4. Low Stakes and Low Deposits – Deposit as little as $200/€/£ and start executing trades with just $25. Choose from over 100 assets.
5. 60-second Options – Trade 60-second binary options and reach a ridiculous 70% profit in a minute. Spotoption was the first platform to introduce 60 second options, the rest are simply not as good.
6. Trading Instruments – Available instruments are one touch and boundary. High/high reward investments offer massive ROI in short periods of time, but if you misread the charts it will backfire for sure.

To sum up, EasyXP definitely serves up a refreshing trading experience coupled with a top-notch Spotoption-powered platform. The customer support was professional, quick to respond, and very willing to help. The asset index was packed with over 100 assets and trading was simple and extremely intuitive. All together I would give this broker a very high score of 9.3/10.

Click Here to Start Trading Trade with EasyXP

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: