Eurotrader review (2022) Review
Eurotrader is a forex broker established in 2015 owned by Eurotrade Global Limited and regulated by CySEC. They offer online trading of forex, stocks, indices, commodities and cryptocurrencies to retail and institutional traders. And you can trade on MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile also on a demo account. The minimum deposit is $250.
What can be traded with Eurotrader
They offer a great range of trading instruments offered by Eurotrader:
- Forex,
- shares,
- commodities,
- indexes,
- cryptocurrencies
Eurotrade offer trading on 3 accounts. Micro, Zero and Hero, plus the demo account.
Broker regulation
Eurotrader is operated by Eurotrade Investments RGB Ltd, which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Eurotrader is subject to the rules and regulations laid down by the European Union’s Market of Financial Instruments Directive (MiFID II) which enables it to extend its service across Europe.
Demo account
Thanks to demo accounts you can learn how to trade without risk. You get virtual funds to play around with. You familiarise yourself with the platform and master strategies. Opening a demo account is free of charge, done by filling in a short form from their website. It’s very easy to find the join button in the top pane.
Eurotrader fees
Eurotrader does not charge anything when you deposit or withdraw funds from the platform, and they have a minimum deposit requirement of $250. Eurotrader has minimum spreads, does not charge high fees for its services, you are not charged for opening an account with them, and they also do not charge for account inactivity.
Opening an account with Eurotrader
This form was filled in a minute. I`d just point out, that the “Join” button was impossible to click. I tried to refresh the form, fill it in again, but it had already registered my email. I checked my email, nothing there, so I tried to log in, and that was fine.
In the quick menu I chose to open a demo account and chose the MT4 platform as I have learned earlier, MT4 works better than MT5. I waited for a few minutes; the next page was loading for a very long time. After twenty minutes, the download was still in the same place.
I have contacted Eurotrade via chat and now I am waiting for someone to get in touch with me.
Trading platforms
Eurotrader offers both the MT4 and MT5 trading platforms. Apparently, these platforms can be downloaded via a web browser, iOS, and Android devices. I chose to go with MT4 as it is the most used trading platform in the world due to the numerous features and complex trading analysis tools it offers. But both platforms are user-friendly and have a vast array of built-in analytical and trading tools that assist clients in their trading.
The brokers website
This website is different to others. It’s colourful, happy but still professional. It’s streamlined, well separated into various sections, as well as featuring every little detail about the broker. The main page shows their pros and steps to take. The top pane gives you the option to go through:
- Markets
- Trade
- Learn
- Partners
- Company
- Contact
You can start trading from there, open a demo account, log in and change the language of the website. The learning resources are good. You can go through a beginner’s guide, through different types of trading, check out their video courses that cover the essentials of trading, technical trading, strategic trading and crypto trading and a generous selection of in-depth basic and advanced eBooks on the website.
Social networks
Eurotrader has Facebook, Twitter, LinkedIn and an Instagram account as well as their own blog. On their blog, you can catch up on the latest trading insights and trends. They post news, facts, analysis on their Facebook account a couple of times a month, which is OK. Twitter is also updated with a tint of humour too.
Advantages and disadvantages
The broker has a unique, streamlined website, very well-separated into different sections. And also, they have some impressive trading conditions and offerings. Demo account and a well-managed education support. The customer care team is available 24 hours a day for the 5 weekdays, which is not bad. On the other hand, I couldn`t try, because the demo account wouldn`t finish downloading its platform. I tried to communicate with customer service via chat, but they haven`t replied.
Cons:
- Demo account with a platform which wouldn`t download
- Chat works, but didn`t get back to me as promised
- Variable spreads
Pros:
- Regulated broker
- Low deposit
- MT4 and MT5 platforms
Pros / Cons
Our Score
Eurotrader is a forex broker established in 2015 owned by Eurotrade Global Limited and regulated by CySEC. They offer online trading of forex, stocks and more.