Ezy Savings has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: Ezy Savings has promoted itself as an Australian business based in Parramatta NSW but it appears to be operating from Gurgaon India
Phones: 02 9191 2696, fax 02 8580 4657
Addresses: PO Box 167 Parramatta NSW 2124 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.ezysavings.com.au.
I lost a significant amount because Ezy Savings did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Comprehensive tools|Multi-currency support|Reliable uptime|Easy to use platform
Cons: Desktop app not available on Linux|Limited cryptocurrency options
After for just over a year with Ezy Savings, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Risk management tools|Demo account available
Cons: No live chat on mobile|Slow to add new assets
I have been trying to close my account with Ezy Savings for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Instant funding|Multi-currency support|Full transparency|Fast deposits
Cons: Currency conversion fee exists|No fractional shares