EZ Invest Review 2024
United States not accepted.Pros
- 400+ assets spanning stocks, forex, commodities and crypto
- Access to the industry-leading MT4 platform
- Social trading service connecting beginners with seasoned traders
Cons
- The minimum deposit of $500 will deter some newer traders
- Spreads are higher than average on basic accounts
- Regulatory oversight and protection varies based on your location
EZ Invest Review
EZ Invest is an online broker offering forex, stocks and cryptos on desktop and mobile trading platforms. Our review explores the broker’s tools, demo account and funding options. Make sure you have the facts before you sign up for an EZ Invest account.
EZ Invest Details
Founded in 2008, EZinvest.com is operated by WGM Services Ltd and is regulated by the Cyprus Securities and Exchange Commission (CySEC). With over 10 years in the online brokerage space, the company has a long list of loyal clients and aims to distinguish itself through its choice of trading solutions and breadth of financial products.
Platforms
Sirix
The Sirix web terminal combines easy-to-use functionality with enhanced trading features. Aimed at beginners and veterans alike, clients benefit from informative graphs and charts, instant orders, trailing stops and 24/5 access to the markets. The platform also facilitates social copy trading so you can mirror the positions of successful traders.
MetaTrader 4
EZInvest also offers MT4, a world-renowned platform, particularly for forex trading. A staple at most online brokers, the platform offers a familiar interface and reliability without comprising on powerful functions. Clients can access the MetaTrader Market to buy and deploy a multitude of indicators and bots for automated trading. Additional features include:
- Secure login and order execution
- Access to interbank FX Market
- Advanced charting features
- No dealer desk intervention
You can download MT4 to desktop devices or trade through major web browsers.
Products
EZ Invest offers a range of instruments:
- 50+ currency pairs
- 220+ company stocks
- 12+ cryptocurrencies including Bitcoin
- 27+ commodities including metals and energies
- 20+ indices such as the Nasdaq, FTSE, Dow Jones, and S&P
Our review was pleased with the ample list of tradable instruments.
Spreads & Fees
EZ Invest charges zero commissions on forex trading and offers competitive spreads at just 0.6 pips on EURUSD, 1 pip on USDJPY and 1.1 pips on GBPUSD. Indices and commodities are charged at $10 per lot with variable floating spreads. Stock spreads again vary but come with a 1% commission per lot. Crypto trading comes with a 0.5% commission.
In total, the broker is around average when it comes to commissions and spreads.
Leverage
Leverage rates are capped at 1:30 for most accounts as per regulatory restrictions:
- Forex – 1:30
- Financials – 1:5
- Commodities – 1:10
- Indices & shares – 1:20
- Cryptocurrencies – 1:2
EZ Invest Mobile Trader
Downloadable to any iOS or Android device, the EZInvest mobile app allows you to trade on the go with little more than an internet connection. It’s worth highlighting that the mobile application doesn’t have the same level of detail or functionality as the desktop terminal, but it will suffice for trading on the move. Features include:
- Free download
- Multi-language support
- Live trade execution and modification
- Tick-charts to assist decision making
Deposits & Withdrawals
The minimum deposit to trade with EZ Invest is $500 and the broker offers several payment options:
- Visa & Mastercard debits/credit cards
- Bank wire transfer
- Skrill
The broker isn’t forthcoming about payment fees and processing times. With that said, we do know withdrawal requests are processed within 24 hours and Bitcoin deposits are subject to a 6.5% fee.
Demo Account
EZ Invest offers a practice account that allows traders to gain an understanding of the platforms and products before signing up for a live account. No payment details are required for registration, just a few simple contact details and login credentials.
EZ Invest Bonuses
At the time of writing the broker does not offer any deposit bonuses or promotions. However, this may change and users should check the company’s website for any offers before opening an account.
Regulation Review
EZinvest.com is operated by WGM Services Ltd which is regulated by the Cyprus Securities and Exchange Commission (CySEC). This is a respected financial authority and a promising sign that the company is not operating a scam.
EZinvest is also permitted to trade in the UK, France, Germany, Italy, Netherlands, and Sweden, among others.
Additional Features
EZ Invest offers several useful tools which add to the trading experience, including:
- Margin calculator
- Weekly economic calendar
- Analyst Views (only available once signed up)
- Range of educational resources from trading basics to informative videos
Live Accounts
There are five account options available; Bronze, Gold, Gold Plus, Platinum, and Platinum Plus. All offer forex and commodities, competitive spreads, educational packages, social trading, and a 100% margin call.
- Bronze – $500 opening balance, 1:30 leverage
- Gold – $10,000 opening balance, 1:30 leverage, exclusive market updates & support, quarterly account review, premium algorithmic investing system
- Gold Plus – $10,000 opening balance, 1:200 leverage, market updates & support, quarterly account reviews, 25% stop out level, premium algorithmic investing system
- Platinum – $50,000 opening balance, 1:30 leverage, same perks as the Gold & Gold Plus but with a premium educational package and an advanced algorithmic investing system
- Platinum Plus – $50,000 opening balance, hands-on account support, premium educational packages and an advanced algorithmic investing system
Islamic accounts can also be opened by contacting the customer support team.
Trading Hours
EZ Invest follows typical trading hours (Monday to Friday). Market opening times vary depending on the instrument being traded and the trader’s location. The broker is closed on bank holidays, in line with global financial markets.
More information regarding specific changes are available on the broker’s website.
Customer Support
EZ Invest customer support can be reached via:
- UK phone – +442034142038
- Email – support@ezinvest.com
- Live chat – located in the bottom right-hand corner of the website
- Feedback form – online query form available on the ‘contact us’ page
The live chat response rate was quick, however the quality and detail of support provided varied upon testing.
Security
Users should feel safe depositing funds with EZ Invest and trading on the MT4 platform and Sirix solution. All promise high-tech encryptions, secure logins and industry-standard data privacy.
EZ Invest Verdict
EZ Invest offers a range of instruments to trade on market-leading platforms such as Sirix and MetaTrader 4. Our review was also pleased to see multiple account levels to suit different trading needs and deposit requirements. And with the added bonus of CySEC regulation, we’re comfortable recommending EZ Invest to our readers.
Top 3 Alternatives to EZ Invest
Compare EZ Invest with the top 3 similar brokers that accept traders from your location.
- IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
EZ Invest Comparison Table
| EZ Invest | IG | Interactive Brokers | World Forex | |
|---|---|---|---|---|
| Rating | 2.3 | 4.7 | 4.3 | 4 |
| Markets | Forex, CFDs, indices, shares, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $500 | $0 | $0 | $1 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | $100 | 0.01 Lots |
| Regulators | CySEC | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | SVGFSA |
| Bonus | – | – | – | 100% Deposit Bonus |
| Education | No | Yes | Yes | No |
| Platforms | MT4 | Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral | MT4, MT5 |
| Leverage | 1:30 | 1:30 (Retail), 1:250 (Pro) | 1:50 | 1:1000 |
| Payment Methods | 5 | 6 | 6 | 10 |
| Visit | – | Visit | Visit | Visit |
| Review | – | IG Review |
Interactive Brokers Review |
World Forex Review |
Compare Trading Instruments
Compare the markets and instruments offered by EZ Invest and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
| EZ Invest | IG | Interactive Brokers | World Forex | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | No | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | No | No |
| Silver | Yes | Yes | No | Yes |
| Corn | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes |
| Futures | No | Yes | Yes | No |
| Options | No | Yes | Yes | No |
| ETFs | No | Yes | Yes | No |
| Bonds | No | Yes | Yes | No |
| Warrants | No | Yes | Yes | No |
| Spreadbetting | No | Yes | No | No |
| Volatility Index | No | Yes | No | No |
EZ Invest vs Other Brokers
Compare EZ Invest with any other broker by selecting the other broker below.
FAQ
Who owns EZ invest?
The broker is owned by WGM Services Ltd, a company headquartered in Cyprus and founded in 2008.
Is EZ Invest regulated?
EZ Invest is regulated to operate in the UK and other countries within the EU by the CySEC (Cyprus Securities and Exchange Commission).
What trading platforms does EZ Invest offer?
The broker offers three platforms to trade on; Sirix, MetaTrader4 and EZ Mobile Trader. All terminals meet the needs of novices up to experienced traders.
Can I open an EZInvest demo account?
Yes, the broker allows you to trade with a practice account before signing up for their full account. Follow the sign-up instructions on the brokerage’s website to get started.
What is the minimum deposit required to open an account with EZ invest?
Traders can open an account from $500 with the basic account while the initial payment for the Platinum solution is $50,000.
Customer Reviews
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