General Information & Regulation of EZ
EZ is a investment securities provider based in Tokyo, Japan, offering financial instruments business to individuals and institutions. EZ currently holds a retail foreign exchange license (regulatory certificate number: 2010001092422) from the Financial Services Agency (FSA) of Japan.
Market Instruments of EZ
Investors on the EZ platform can trade popular currency pairs, indices, stocks, and CFD products in the foreign exchange market.
Accounts & Leverage of EZ
EZ has two main types of accounts, the EZ MT4 FX/Forex account and the EZ MT4 CFD account. As shown on the EZ official website, there is no minimum deposit requirements for both accounts.
Leverage of EZ
With regard to trading leverage, currency pairs trading leverage is 1:25 for personal accounts and 1:40 for corporate accounts.
Spreads & Commissions of EZ
The spreads on the EZ platform are between 0.5 and 0.7 for EURUSD. Narrow spreads means fewer transaction costs for investors.
Trading Platforms of EZ
EZ provides traders with the popular MT4 trading platform in the global marketplace. EZ MT4 has several significant advantages: First, it has excellent sign-up speed & capabilities, an NDD approach, no contract absolutes, supports high-speed trading and position trading, and traders are free for automated trading via EAs. Secondly, 1,000 currency units can be tradable. Thirdly, it can trade ten major global indices, such as the Nikkei 225 and the U.S. Nasdaq. Fourthly, MT4 is compatible with smartphones and tablets. Lastly, it supports quick deposits.
Deposit and Withdrawal of EZ
EZ Investment Securities offers two deposit methods, Quick Deposit, which allows investors to deposit funds 24 hours a day, and regular Transfer Deposit. For the quick deposit method, investors can use Japan Internet Banking or Sumishin SBI Internet Banking for free. “Transfer payments” are only available through Rakuten Bank. Additionally, withdrawal requests will be remitted to the financial institution's account in the client's name within 5 business days, and EZ Securities will cover all withdrawal fees. There is no minimum withdrawal amount for full withdrawals by clients, while partial withdrawals require a withdrawal amount of 10,000 yen or more (less than 10,000 yen, full withdrawals only).
Cons
The main drawback of EZ are:
1. Unclear brokerage fees for stocks and CFDs
2. Limited options for deposit & withdrawal methods
