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EuropeFX Review
EuropeFX was a CFD broker brand run by Maxiflex Ltd in Cyprus. Cyprus regulators withdrew its license in 2023, and Australian courts fined its related firm in 2026.
Min Deposit
$200
Spreads From
Not offered now. EuropeFX is closed. It used to advertise spreads from 0.1 pips.
Max Leverage
Not offered now. EuropeFX is closed. It used to allow up to 1:30 for retail clients under CySEC rules.
Platforms
MetaTrader 4, EuroTrader 2.0
Pros
- Once held a real CySEC license before it was withdrawn in 2023
- Offered MetaTrader 4 plus its own EuroTrader and eFXGO apps
- Listed over 50 currency pairs and more than 100 CFD markets
- Gave retail accounts negative balance protection under CySEC rules
Cons
- Federal Court found it pressured customers into risky trades
- Ordered to pay a 114.1 million Australian dollar fine in 2026
- CySEC withdrew its Cyprus license in 2023 over client fund rules
- Paid a 370,000 euro CySEC fine in 2020 for other rule breaks
- Barred from serving UK clients by the FCA back in 2020
- Charged a 25 dollar fee on many client withdrawals
- Its Australian director was later banned by ASIC from running such firms
EuropeFX was a CFD and forex trading brand. Maxiflex Ltd ran it in Cyprus for European clients from around 2014. A related company, Maxi EFX Global AU Pty Ltd, ran it in Australia. Both parts of the business are now closed and cannot legally take new clients.
CySEC fined Maxiflex 370,000 euros in 2020 for rule breaks, and the UK FCA cut off its permission to serve British clients that year. CySEC suspended the Cyprus license in October 2021. Maxiflex then gave it up, and CySEC fully withdrew the license on 6 March 2023 for not keeping client money separate from company funds.
In Australia, courts found that EuropeFX pressured inexperienced customers, who lost more than 83 million Australian dollars between 2018 and 2020. In June 2026, the Federal Court fined EuropeFX 114.1 million Australian dollars, banned it from financial services permanently, and ordered it to refund customer deposits.
Min. Deposit
USD 200
Max Leverage
Not offered now. EuropeFX is closed. It used to allow up to 1:30 for retail clients under CySEC rules.
Spreads From
Not offered now. EuropeFX is closed. It used to advertise spreads from 0.1 pips.
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
