eForex Markets Review

Category: Reviews | Author: Trading Brokers | Date: April 28, 2024

In an era defined by rapid technological advancements and global financial connectivity, eForex Markets has emerged as a prominent name in the world of online brokerage. This review endeavors to offer an impartial and in-depth assessment of the services, features, and performance of eForex Markets. As we dive into the intricacies of this platform, we aim to provide you with a clear understanding of what it offers to traders. Join us on this exploration of eForex Markets, where we aim to provide you with valuable insights to aid your trading decisions.

Pros & Cons

  • Diverse account types
  • Secure funding options
  • Integration with the MQL5 community
  • Wide range of tradable assets
  • Access to MetaTrader market
  • Regulatory compliance
  • Lack of proprietary educational resources
  • Cryptocurrency wallet fees
  • Limited accepted currencies
  • Competition with established brokers
  • Potential bank transfer fees
  • Unspecified maximum deposit limits


eForex Markets Review

eForex Markets Review

eForex Markets is an online broker that offers trading in various markets, such as forex, metals, indices. The broker is regulated by the BVI Financial Services Commission (FSC) and operates under the name of eFX Markets Limited. The broker provides a wide range of account types to suit the client’s needs, such as standard, gold, platinum, and Islamic accounts. The broker also offers competitive conditions and low costs for trading, such as tight spreads, high leverage, and low commissions.

eForex Markets uses the MetaTrader 5 (MT5) platform, which is one of the most powerful and popular trading platforms in the industry. eForex Markets has made the funding and withdrawal of the trading accounts a very convenient process. It accepts various payment methods, such as credit cards, bank transfers, and cryptocurrencies.

AvaTrade Logo

Our #1 Broker 2024

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


eForex Markets is a regulated online broker that operates under the name of eFX Markets Limited, a company registered in the Territory of the British Virgin Islands (BVI). The broker has a license from the BVI Financial Services Commission (FSC), which is the sole authority for regulating financial services in the BVI. The license number is SIBA/L/20/1146 and it is issued under the Securities and Investment Business Act, 2010 (SIBA).

The BVI FSC oversees the activities of eForex Markets and ensures that it complies with the relevant laws and regulations. The BVI FSC has a risk-based approach to supervision, which covers various aspects of financial services, such as capital adequacy, liquidity, market conduct, consumer protection, anti-money laundering, and counter-terrorism financing. The BVI FSC also has the power to impose sanctions, penalties, and remedial actions on financial services providers who violate the regulatory requirements.

For individuals seeking alternative options, please see a list of regulated brokers to explore additional choices that align with your trading preferences and requirements.

Platforms and Tools

MT5 Trading Platform

MT5 Trading Platform

eForex Markets offers the MetaTrader 5 (MT5) platform, which is one of the most powerful and popular trading platforms in the industry. MT5 allows traders to access a wide range of tradable instruments, advanced charting tools, numerous technical indicators, real-time price charts, market news and insights, and a suite of automated trading options. MT5 is compatible with Windows, iOS, Android and Mac devices.

eForex Markets also offers a variety of tools to help traders make informed decisions. Some of the tools available on the platform are:

  • One-click trading: This tool allows traders to execute trades directly from charts with a single click, saving time and effort.
  • Customizable charts: eForex Markets offers fully customizable charts that enable traders to adjust the chart types, timeframes, and analytical objects according to their preferences and needs.
  • Technical indicators: The platform provides access to 30 of the most popular technical indicators, such as moving averages, Bollinger bands, stochastic oscillators, and more. These indicators help traders to analyze the market trends, patterns, and signals.
  • Trade from chart: This feature allows traders to place trades directly from the chart, without having to switch to another window or screen. Traders can also modify or close their trades from the chart.
  • Market watch window: Traders can add new markets to the market watch window by using the click-to-add feature at the bottom of the list. The market watch window shows the current prices, spreads, and volumes of the selected markets.


CPT Markets offers a range of educational resources to help traders improve their trading skills and knowledge. The broker provides access to a range of free educational tools and resources, including training videos on various topics such as trading caps, managing risk, market indices, and basic terms. CPT Markets also provides weekly research bulletins with updated market information and global trading news on both its website and Facebook account. The broker has a fairly decent range of educational videos, including MT4’s 5 in-built videos on how to use the platform. There is also a pretty exhaustive glossary. However, there is a noticeable lack of a comprehensive trading course. The bulk of the educational videos (160+) can be accessed via the broker’s YouTube channel. Traders can also check out CPT Markets’ three webinars. Overall, the educational content lacks diversity and does not delve particularly deep.


eForex Markets distinguishes itself as an online brokerage that extends a versatile trading platform across multiple markets, delivering a compelling blend of competitive terms and cost-efficiency. Within the purview of eForex Markets, traders can seamlessly engage in trading activities across the following prominent markets:

  • Forex: eForex Markets facilitates the trading of a diverse spectrum of currency pairs, encompassing major, cross, and exotic options. Remarkably, traders can capitalize on exceptionally narrow spreads, commencing as low as a mere 0.1 pips. This platform grants uninterrupted access to the global foreign exchange market, ensuring traders can actively participate 24 hours a day, five days a week.
  • Metals: Within the eForex Markets environment, traders can harness the potential of precious metals, including gold and silver, against the US dollar. This offering is fortified by the availability of high leverage and an accommodating fee structure, thus enabling traders to leverage the price movements of these precious commodities while fostering portfolio diversification.
  • Indices: eForex Markets extends an invitation to engage in the trading of world-renowned stock indices, including but not limited to the S&P 500, NASDAQ 100, FTSE 100, and DAX 30, among others. The attraction here lies in the opportunity to access these global markets with competitive spreads and significant leverage, amplifying trading potential.


eForex Markets caters to a diverse clientele by offering an extensive array of account types, each meticulously crafted to meet the unique needs and preferences of traders. These distinctive account types are as follows:

  • Standard Account: This entry-level account opens its doors with a minimum deposit requirement of $200. It provides traders with a competitive leverage of up to 1:400, affording them ample trading flexibility. The spreads in this category commence from 1.3 pips. Notably, the Standard Account primarily focuses on forex trading instruments, allowing traders to navigate the intricate world of currency exchange.
  • Gold Account: Positioned as a mid-tier account option, the Gold Account requires a minimum deposit of $5,000. Here, traders gain access to a leverage ratio of up to 1:200, striking a balance between risk and opportunity. With spreads commencing at an enticing 0.6 pips, the Gold Account extends its offerings beyond forex to encompass precious metals and prominent indices. This diversification empowers traders to explore various market avenues.
  • Platinum Account: For traders seeking an elevated trading experience, the Platinum Account beckons with a minimum deposit threshold of $10,000. With a leverage cap of up to 1:100, this account type endows traders with substantial market influence. The spreads in this category start at an impressively tight 0.2 pips. Notably, the Platinum Account takes diversification to the next level, encompassing not only forex and metals but also an array of indices. This comprehensive suite of trading instruments opens the door to a broader spectrum of market opportunities.
  • Islamic Account: Designed with a commitment to Sharia law compliance, the Islamic Account is tailored for Muslim traders. To embark on this path, a minimum deposit of $2,000 is required, ensuring accessibility while upholding adherence to Islamic principles. Leverage of up to 1:200 is available, offering traders the necessary flexibility. Spreads in this category typically range from 2 to 4 pips, and notably, there are no commissions imposed. The Islamic Account primarily focuses on forex and metals, providing Muslim traders with an avenue to engage in the financial markets while aligning with their religious beliefs.


eForex Markets has streamlined the process of funding and withdrawing funds from your trading accounts, offering a range of convenient options to cater to your financial preferences. Here’s a detailed breakdown of the funding and withdrawal methods provided by eForex Markets:


  • Credit Card: Instant and secure, eForex Markets allows you to deposit funds into your trading account using your credit card. The minimum deposit requirement stands at $10 or the currency equivalent, with no specified maximum limit. Accepted currencies include USD and HKD, and the best part is, there are no deposit fees imposed by eForex Markets.
  • Bank Transfer: For those who prefer traditional banking methods, you can use your bank account to deposit funds directly into your eForex Markets account. The processing time may vary, ranging from as little as 5 minutes to up to 2 business days, contingent upon your bank’s protocols. There are no stipulated minimum or maximum deposit amounts, and accepted currencies encompass USD, HKD, and EUR. Importantly, eForex Markets does not levy any deposit fees.
  • Cryptocurrency: Embracing the digital frontier, eForex Markets welcomes cryptocurrency enthusiasts to deposit funds from their wallets. Processing times may fluctuate, typically spanning from 5 minutes to 1 hour, depending on network confirmations. With no predefined minimum or maximum deposit limits, the accepted cryptocurrency here is BTC. eForex Markets maintains a commitment to fee-free deposits.


  • Bank Transfer: When it comes to withdrawing your funds from eForex Markets, bank transfers offer a secure avenue. The processing time for bank transfers may extend up to 2 business days. While there is no maximum withdrawal limit specified, please note that additional fees may be applied by the receiving bank, making it essential to verify these potential costs with your bank.
  • Cryptocurrency: For a quick withdrawal process, eForex Markets extends the option of using your cryptocurrency wallet. The processing time for cryptocurrency withdrawals typically spans up to 48 hours. The maximum withdrawal amount per transaction is capped at $5,000 or the currency equivalent. Similar to bank transfers, it’s important to remain mindful of possible additional fees applied by the receiving wallet, which may vary.

Please be aware that eForex Markets may require confirmation of account ownership at any point before crediting funds to your trading account. If you have any inquiries or encounter issues related to funding or withdrawals, the customer support team at eForex Markets is readily available to assist you.


In conclusion, our review of eForex Markets highlights its commitment to providing a versatile and accessible trading platform. With a range of account types, a broad selection of tradable assets, and a user-friendly interface, eForex Markets caters to traders of varying experience levels. The integration with the MQL5 community and MetaTrader market bolsters its appeal as a learning-friendly broker. Furthermore, its regulatory compliance and convenient funding options demonstrate a dedication to client security and convenience. It’s important to note that while eForex Markets offers strong features, traders should also consider brokers with longer track records for additional choices. We encourage thorough research and exploration of our trading broker reviews to make an informed decision tailored to individual trading goals and preferences.

eForex Markets Logo


eForex Markets is a regulated online broker that offers trading in various markets, such as forex, commodities, and indices. The broker uses the MetaTrader 5 (MT5) platform and provides a wide range of account types and payment methods.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

trading brokers logo

Trading Brokers
Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.