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EFX Group Reviews

This is a discussion on EFX Group Reviews within the Forex Broker Reviews section, part of the Forex Reviews category; EFX Group INFO EFX Group is a forex broker based in Scottsdale, AZ, US and was founded in 2004. This ...


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Member rating
Customer Support
50%50%50%
2.5
Honesty
90%90%90%
4.5
Quality of Execution
90%90%90%
4.5
Platform Features
30%30%30%
1.5
2 users rated 65% average
EFX Group Reviews
EFX Group Reviews
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Published by TheForexReviewer
09-20-2007
Default EFX Group Reviews
EFX Group INFO

EFX Group is a forex broker based in Scottsdale, AZ, US and was founded in 2004. This broker is regulated through his FCM. EFX Group offers a non-dealing-desk option.

EFX Group SPECIFICATIONS
Spread on Majors*
EUR/USDas low as 0.5 pips
USD/JPYas low as 0.5 pips
USD/CHFas low as 0.5 pips
GBP/USDas low as 0.5 pips
USD/CADas low as 0.5 pips
AUD/USDas low as 0.5 pips
*Spreads during normal market conditions
AVAILABLE TYPE OF ACCOUNTS & LEVERAGE
Demo AccountYes
Universal AccountYes, both mini and standard transactions available in the same platform. US$400 to open and up to 100:1 leverage
COMMISSIONS
USD based currenciesUS$10* round trip
Non-USD based currencies around USD$7.78* round trip
*Trading Standard lots
OTHER INFORMATION
PlatformEFX Navigator and Forex Pro – Windows based platform
Supported LanguagesEnglish
Accepted DepositsWire transfer and Checks


How to rate this broker?

Customer service: are they efficient and willing to help on any issue?
Honest: Did they delivered what they were supposed to?
Trading Execution: evaluate slippage, requotes, etc.
Platform Features: Platform capabilities such as trailing stop, OCO orders, one click dealing, etc.

IMPORTANT NOTE: Please post only if you are going to rate this broker, everything else about this company please discuss it at our Forex Services Discussion Forum.

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  #1 (permalink)  
By donald on 09-21-2007, 11:03 PM
Member reviews
Customer Support
60%60%60%
3
Honesty
100%100%100%
5
Quality of Execution
100%100%100%
5
Platform Features
40%40%40%
2
Average 75%
Default great execution but plataform could be better

This review has been useful for 1 trader(s).
This is the broker I have part of my capital with. Their execution is superb and you could not get more honest as this one, after all they are a non-dealing-desk broker, they make their profits from comissions so you dont have to worry about honesty with EFX group.

Just have to say that they could improve their platform and customer service...

Don
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  #2 (permalink)  
By xTraderx on 12-07-2007, 12:35 PM
Member reviews
Customer Support
40%40%40%
2
Honesty
80%80%80%
4
Quality of Execution
80%80%80%
4
Platform Features
20%20%20%
1
Average 55%
Default not a simple platform

This review has been useful for 1 trader(s).
Their platform could have some improvements, its difficult to deal with specially if you come from brokers with easy to handle platforms. I would say their customer support is just below average.

The reason I switch to EFX was because of the ECN and the superior execution. those two features is what makes a broker a good forex broker.

I definitely recommend this broker
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