EuroTrader (also known as EuroTrader Group) is an online broker offering retail trading in a variety of assets, including forex and stocks. Clients from all over the world can benefit from EuroTrader services including MT4 and MT5 platforms, four account types and competitive leverage rates. This review will discuss the broker’s regulatory status, asset range, payment options, and more.
The company was founded in 2018 by owner and CEO Ozan Ozerk. EuroTrader is headquartered in Larnaca, Cyprus, where it is also regulated by the Cyprus Securities and Exchange Commission (CySEC).
Here clients can use the MetaTrader 4 (MT4) platform, which can be downloaded for Windows and Mac OS. It is one of the most popular trading platforms and has many features to enhance your trading experience. These include 30 technical indicators, 24 tools and support for automated trading. The platform is intuitive and user-friendly, making it easy to open and close deals.
Users can also trade through MetaTrader 5 (MT5), the next generation MetaTrader trading platform. It includes many of the same features as MT4 and is equally user-friendly, although it has more tools. The platform has 38 technical indicators and six types of pending orders. MT5 also has a built-in economic calendar. Like MT4, MT5 can be downloaded on both Windows and Mac OS.
EuroTrader clients can access a wide range of assets:
EuroTrader offers five different types of live trading accounts, each with different spreads and commissions:
This account is intended for beginners and clients who are looking to trade with smaller amounts. Typical spreads for this account are 1-1.2 pips and no commission is charged. The maximum trade size is 10 lots.
This EuroTrader account has been designed for the most investing traders and is primarily aimed at day traders and scalpers. It comes with two options, either 0% for the forex spread or 0% for the forex commission. If you choose the 0% spread option, you will be charged a commission of $ 2.75 for any Forex trade. The 0% commission option will have a small margin in spreads. The minimum trade size is 0.01 lots, and the maximum is 50 lots.
This account was created for high quality traders. This is a premium account offered by EuroTrader. The typical spread on this account is 0-0.3 pips. A $ 4 commission is also charged per Forex trade, no commission on stocks. The minimum trading size is 1 lot, the maximum is 1000 lots. This account comes with an account manager.
account This account is for clients who do not want to receive interest on their trading positions, which are spread over the next day. This is useful for people who practice Sharia law or other religious beliefs. The average spread is 0.7-0.9 points, the minimum trade size is 0.01 lots, and the maximum is 50 lots. As with the hero account, an account manager is assigned.
For a micro account, the maximum leverage is 1: 500. This means you can deposit £ 10 and trade £ 5,000. For a zero account, the limit is 1: 300, and for heroes and swap-free accounts, the maximum leverage is 1: 100. Remember that leverage can increase your profits, but it also increases your losses.
EuroTrader is available on mobile devices via MetaTrader applications. For MT4 and MT5 there are also mobile apps available for download on iOS and Android. The apps don’t have all the same features and functionality as the desktop platforms, but they’re still user-friendly and easy to open and close. The apps allow you to track the markets as well as perform technical analysis.
Making a deposit is easy: just log in to My EuroTrader, click “Deposit” and follow the instructions on the screen. Deposits can be made in the following ways:
All deposit methods are processed instantly, with the exception of bank transfers, which take 1-3 business days. The minimum deposit is $ 50 for all methods except bank transfers, which have a minimum of $ 500.
Withdrawals can be made using the same methods as deposits. Visa and Mastercard have a minimum withdrawal of $ 50, while there is no minimum for other methods. It takes about 1-5 business days to process feedback for most methods, with the exception of Ozow, which is instant.
The company EuroTrader offers a demo account. The account is fully functional and is a great place to test your trading strategies before opening a live trading account. Users receive unlimited funds and can place trades at market prices in a simulated trading environment.
The Company EuroTrader has received three different licenses from different regulatory bodies. First, they are licensed by the Cyprus Securities and Exchange Commission (CySEC). CySEC is the financial regulator of the Republic of Cyprus. Since they are regulated by a body from an EU member state, EuroTrader can offer its services in the European Economic Area (EEA).
In addition, EuroTrader is licensed by the Swiss Financial Markets Authority (FINMA). Finally, they are also licensed by the Financial Sector Supervisory Authority (FSCA), South Africa’s financial regulator.
At EuroTrader, safety is a top priority. The platform implements industry-leading security features to protect every user and every transaction. In addition, clients can enable two-factor authentication (2FA) through the MetaTrader platforms, which adds additional security at the login stage.