Easy FX Trade Review

Is Easy FX Trade Scam or Legit Broker?

Easy FX Trade is not a legit broker. The company is owned and operated by Easy FX Trade Limited and claims to be FCA and ASIC-regulated. It also claims to have offices in London, Tokyo, Hong Kong, Sydney, Auckland, Dubai, and Mauritius. However, our biggest concern is the company's regulation or actually the lack of it. It turned out that the information about FCA and ASIC is nothing, but deception. Easy FX Trade is not licensed by the Financial Conduct Authority in the UK or Australian Securities and Investments Commission or any other regulator.

What is Easy FX?

Easy FX Trade is a broker that offers Forex, CFDs, and Bullion trading. 
However, according to the FCA's recent statement, the broker was not just providing misleading regulation information, but it was also using the details of the FCA-licensed company. To be precise, Easy FX Trade has been using the registration number that belongs to the regulated firm Hantec Markets Limited.

• In its notice, the UK regulator states that "clone firms" - fraudsters usually use this tactic when contacting people out of the blue, so clients should be especially wary if they have been cold-called. They may use the name of the genuine firm, the 'firm reference number' (FRN) the regulator has given the authorized firm, or other details.
  "Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Easy FX Trade/Easy Trade Global (clone of FCA authorized firm). This FCA-authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’"

Easy FX Review Conclusion

Considering the above, we highly recommend avoiding Easy FX and selecting a decent and licensed broker instead. Investing with a properly regulated broker is crucial for the safety of any investment. It is much safer to trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets, FXGT, and FP Markets.

• Overall ranking and experience for Easy FX is Negative

Easy FX Update

Based on our findings, the Easy FX website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.