Eurotrader is a Marshall Island-based broker that was established in 2015. This broker is a high-quality Fintech company that has become popular for providing excellent trading conditions via its high-end and advanced technology. It is a fully licensed and regulated multi-asset broker that is allowed to provide access to the financial markets to traders in Europe, Africa, Asia, and other parts of the world.
You can trade various financial asset classes on Eurotrader. Some of the financial instruments you can find here include forex, cryptos, stocks, metals, commodities, and indices. Eurotrader is committed to providing traders with the best turnkey solution in the financial markets. This is possible by offering advanced and innovative services, excellent customer care, and effective trading and investment tools.
The broker has designed its platform to enable both newbie and experienced traders to trade with ease. The customer service is available 24/5, making it possible for traders to contact them easily. Access to MetaTrader MT4 and MT5 platforms, numerous secure payment options, and a choice of tailored account types are some of the other features that traders enjoy on the Eurotrader platform. In this broker review, we look at everything relating to Eurotrader and its services.
Eurotrader is a regulated and licensed forex broker based in the Marshall Islands. Eurotrader Global Ltd is a Marshall Island company with registration number 92512. The company has a physical office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960, Republic of Marshall Islands. On their official website, Eurotrader provides all the relevant information, ensuring that anyone looking into them will find transparency.
Eurotrader is a highly liquid broker since it sources liquidity from the leading financial institutions in the world. Since it is regulated by the regulatory agencies in the Marshall Islands, Eurotrader provides services in accordance with the law. Their website is protected with numerous security protocols, such as the SSL certificate and more. The tough security measures ensure that customer funds and personal data are kept safe and secure at all times. They also separate customer funds from that of the company, while the funds under their management are insured. In case something happens to the broker, the traders can be easily reimbursed.
By working with some of the leading financial institutions in the world, the trust in the services offered by Eurotrader is evident. More traders around the world have partnered with this broker and they are quickly becoming recognized as one of the best brokers in the trading space.
Rating – 9/10
Eurotrader has one of the poorest educational centres amongst the leading brokers. The broker does not offer a section on its website dedicated to teaching people the basic or advanced elements of the trading world. As a result of this, clients of Eurotrader will have to depend on other sources for learning the basics of trading as well as gaining access to trading services related to forex and CFD trading, such as eBooks, training videos, webinars and more.
Despite the limited educational material, the broker does have a news stream where traders are kept up to date with the latest happenings in the financial markets. With traders keeping up with the latest financial news, in addition to the Economic Calendar available on the platform, this helps them carry out fundamental analysis on their desired assets
By offering the MetaTrader 4 and 5 platforms, Eurotrader has ensured that all its customers have access to the best trading tools in the industry. MT4 and MT5 platforms offer some of the best technical analysis tools, such as advanced charting capabilities, expert advisors, VPS hosting, and more. Although learning more about forex trading is difficult on Eurotrader, the broker has made up for it by providing top-notch trading tools to its customers.
Rating – 5/10
Eurotrader Unique Features
Eurotrader is a leading broker with several unique features. The broker has become popular for providing trading services to both novice and experienced traders globally. As an STP broker, they offer low spreads on virtually all their asset classes. They also offer the MT4 and MT5 trading platforms, which come with a wide range of trading tools, such as advanced charting that ensures traders can carry out in-depth market analysis. Traders also have access to other features like expert advisors, indicators, and more on these trading platforms. To make it easier for traders to deposit and withdraw their funds, Eurotrader supports various payment methods like bank transfer, e-wallets, and major credit/debit cards.
To make every level of trader welcomed, Eurotrader offers various account types. The account types have different features that suit various levels of traders. All these accounts come with features such as Take Profit and Stop Loss, which enables people to secure their profits while reducing the risks that can occur during the trading process.
Overall, Eurotrader offers numerous unique features to all tiers of traders on its platform. One of the most appealing features is that the Micro account type only requires a $50 minimum deposit which is not the norm in the online trading industry.
Rating – 8/10
Eurotrader Commissions and Fees
Just like many of the leading brokers in the industry, Eurotrader makes money from commissions and fees, which are usually earned by the spreads which are the difference between the bid and ask prices of an asset. Eurotrader does not charge anything when you deposit or withdraw funds from the platform. They have a minimum deposit requirement of $250 if you are using a credit/debit card to deposit your trading capital.
Eurotrader has minimum spreads on its investment products to ensure that the customers do not spend a lot on trading commissions. The broker does not charge high fees for its services and there are no hidden costs. Users are not charged for opening an account with Eurotrader, and they also do not charge for account inactivity. In terms of commissions and fees, Eurotrader has fair pricing.
Rating – 8/10
Eurotrader supports a wide range of investment products, including forex, stocks, cryptocurrencies, indices, and commodities.
- Forex: This is the major investment vehicle on Eurotrader. This broker supports a wide range of major, minor, and exotic currency pairs. You can trade currency pairs such as AUD/NZD, USD/JPY, EUR/CHF, GBP/CAD, and more on this platform.
- Cryptocurrencies: At the moment, Eurotrader supports a few cryptocurrencies. You can trade BTC, ETH, LTC, and XRP against the US dollar on the Eurotrader platform. The leverage on these assets is as high as 1:2
- Indices: Eurotrader allows you to speculate on the performance of some major economic indices. You can trade indices such as the AUS200, DE30, UK100, S&P 500, Dow Jones 30, NASDAQ 100, and more. The leverage here is as high as 1:100
- Commodities: You can trade a few commodities on the Eurotrader platform such as Gold, Silver, Brent Crude Oil, and WTI Crude Oil. Some of these assets are traded against the US dollar.
- Equities: The last investment product here is stocks. You can trade the stocks of companies such as Apple, Amazon, Boeing Company, Facebook, Walt Disney, Alphabet Inc., IBM, and almost a hundred others on Eurotrader. Your access to the various stocks will be dependent on the account type you have selected.
Eurotrader offers a wide range of assets to trade so this enables investors to diversify their trading portfolios with ease. While they could expand the number of cryptocurrencies, commodities, and indices they support on their trading platforms, there is a good number to choose from.
Rating – 8/10
Eurotrader Customer Support
When it comes to customer service, Eurotrader is one of the best brokers currently available to traders. You can contact the Eurotrader customer service team via several channels such as email, phone call, and live chat. For a phone call, you can call their number within specific working hours (09:00 – 17:30 GMT+1), and they are available every day of the week.
You can also contact the support staff via their numerous email addresses, depending on your requirements. Eurotrader has specific email addresses for the customer support section, accounts department, sales department, and the back-office department. Hence, you can contact any department directly and your matter will be resolved quickly. The live chat feature is also available on the Eurotrader platform. Traders can start chatting with the support team or its bot the moment you visit their official website.
Rating – 9/10
Eurotrader supports both the MT4 and MT5 trading platforms. These platforms can be downloaded and accessed via a web browser, iOS, and Android devices. MT4 is the most used trading platform in the world due to the numerous features and complex trading analysis tools it offers to traders. MT5 shares similar features with the MT4 and is also preferred by numerous traders all over the world.
On the MetaTrader platforms, traders can easily access all the multiple asset classes available to them. They get to enjoy swift order execution and access to expert advisors, something that is not common with other forex platforms. Other trading tools you can find on these platforms include an economic calendar, newsroom, PIP calculator, VPS hosting, and more.
To see how it works, we opened a Eurotrader account. The account opening process with this broker was easy and almost instant. We could easily access all the various sections on the platform. In terms of payment options, Eurotrader supports multiple methods and they did not charge us for depositing funds into our account. As one of the most efficient brokers in the world, our orders were processed immediately, and the spread was narrow. The broker shows real-time price quotes, which boosted its transparency rating as we saw the prices of the assets in real-time. For convenience, you can also trade the assets via your MT4 or MT5 mobile app.
Rating – 8/10
Research and Insight
Eurotrader is a good platform when it comes to technical analysis and research. The broker offers the MT4 and MT5 platforms, which are preloaded with the best trading analysis tools, allowing traders to conduct technical analysis with ease. However, the broker does not have a section of their website dedicated to discussing technical analysis by experts. In terms of fundamental analysis, Eurotrader also under performs. They do not have an education section where traders can learn more about the trading world. However, they have a news section where the traders can keep up with the latest happenings within the financial world and make trading decisions based on this news. Regardless, traders can conduct in-depth research and analysis using the trading tools available on the Eurotrader trading platforms.
Rating – 6/10
Pros and Cons of Eurotrader
|Supports MT4 and MT5 platforms||No education section|
|Various technical indicators||Limited investment products|
|Supports numerous assets including forex, stocks, cryptos, and more||Limited research tools|
|Customer service is available 24/7 via email, live chat, and phone call|
|It is a regulated broker|
|Traders can trade major, minor, and exotic currency pairs|
|Advanced trading software|
|Supports multiple account types|
|Offers various secure payment options|
Eurotrader is an excellent CFD and forex broker. On this platform, you can access various financial instruments such as forex, cryptocurrencies, shares, commodities, and indices. The broker supports major, minor, and exotic currency pairs. Eurotrader deploys the MetaTrader MT4 and MT5 platforms, which are both intuitive and extremely easy to use. They come with excellent trading tools and features that make it easy for traders to use.
Eurotrader is regulated and operates within the rules and regulations of the financial law. Their official website contains all the details needed while anyone can get in touch with their customer service team to gain clarification on any issue. For fundamental analysis, Eurotrader has a news section where traders can read and stay updated with the latest happenings within the financial markets. They can also keep up with the latest and upcoming events via the economic calendar available on the platform.
Eurotrader offers numerous account types, each of them designed to suit the different levels of traders. In terms of commissions and fees, Eurotrader is transparent and fair. The broker does not charge for depositing and withdrawing funds. It also offers narrow spreads for its currency pairs and other assets, ensuring that trades enjoy as much profit as possible. Overall, Eurotrader is a good forex and CFD broker and one you should consider partnering with.
Overall Rating – 7.6/10