EasyTrade Review (2023)

Is EasyTrade a scam or a legit broker?

EasyTrade is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

EasyTrade is a trading name used by the Estonian company that offers a high-tech trading platform and provides a gateway to the world’s top financial markets including CFD trading, currency pairs, stocks, commodities, indices, and cryptocurrencies. Yet, the issues starting at the point we decided to check on the company reliability, while the first thing to check is the legitimate status of the broker. First of all the EasyTrade is not regulated by any of the authorities, that supervise the operation of the forex brokers and submit a reliable level for them to operate.

Moreover, the EasyTrade has received negative responds and reviews from the traders, while the complaints were concerned about the broker’s behavior once the withdrawal request was submitted or manipulations during the trading sessions. Afterword, the complaint mentions that EasyTrade blocked an account, did not respond to mails or contacts, therefore, the trader couldn’t reach out to get the funds back.

Conclusion

As the reality and statistics show, the majority of non-regulated brokerages are typical frauds that most often works with the same scenario while attracting client and then withholding account for any withdrawals. Therefore, we keep strongly advising do not risk with funds and choose smartly only the regulated entities, those that comply sharply with the set of requirements and confirms company reliability. In addition, the regulated broker should be chosen among the reputable jurisdictions as companies with an offshore license are not the ones to trust, in order to support you with a choice check the list of Regulated Forex Brokers with the reviews. As, getting back to a case of EasyTrade, a non-regulated and unauthorized status of the company lists a particular broker to the caution list with a recommendation to be avoided.

EasyTrade website is no longer active.