Note: GPM is to operate via the website - http://www.gpmfx.com/#, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
EURSWISS, a trading name of Aderon EU LLC., is allegedly a forex and CFD broker registered in the United States that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000 and floating spreads around 3 pips on the MT4 and Sirix trading platforms via 6 different live account types.
As for regulation, it has been verified that EURSWISS currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.33/10. Please be aware of the risk.
Market Instruments
EURSWISS advertises that it offers access to a wide range of trading instruments in financial markets, including forex, CFD, metals and cryptocurrency.
Account Types
EURSWISS claims to offer 6 types of trading accounts, namely MT4 Cent, MT4 Fixed, MT4 NDD, MT4 NDD (no commission), Sirix NDD and MT5 NDD. The minimum initial deposit amount is as low as $0 for the MT4 Cent account, while $50 for MT4 Fixed, MT4 NDD, MT4 NDD (no commission) and Sirix NDD accounts, and $1,000 for the MT5 NDD accounts.
Leverage
The maximum leverage provided by EURSWISS reaches up to 1:1000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
From the bid/ask price for the EUR/USD currency pair on EURSWISS trading platform, we calculated that the spread is 3 pips, while the industry average spread is only 1.5 pips.
Trading Platform Available
The platform available for trading at EURSWISS is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and Sirix. The MT4 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
EURSWISS says to work with numerous means of deposit and withdrawal choices, consisting of credit card, Paysafecard, CashU, QIWI Wallet and Bitcoin. There is no minimum initial deposit required. Minimum withdrawal amount and fees depend on the choice of payment method. For example, the minimum withdrawal amount for bank transfers is $80 and the withdrawal processing request may take between 2 and 5 business days. For a withdrawal via credit card, the maximum amount is €3,000 per 24 hours or not more than €10,000 per month. The commission is 2.5% on the withdrawal amount plus €1.5.
Fees
Apart from withdrawal fees, EURSWISS also charges a dormant fee. If an account stays inactive for over 90 days, it is considered to be dormant and the monthly maintenance is up to $5.
Customer Support
EURSWISS customer support can be reached by telephone: 8 800 575-14-22, email: kz@eurswiss.com china@eurswiss.com. Company address: Saint Vincent and the Grenadines & Office 1003, Floor 10, Block 4B, Business Centre “Nurly Tau”, Al-Farabi 17 Avenue, Almaty Kazakhstan.
Pros & Cons
Frequently Asked Questions (FAQs)
2023-03-14 18:25
