Extracto:TradeEU is a reputable online trading platform established in 2021 and based in Cyprus. Regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 405/21, TradeEU offers a range of over 250 Contracts for Difference (CFDs) across diverse asset categories, including Stocks, Forex, Cryptocurrency, Indices, and Commodities. With a variety of account types, commission-free trading, and leverage of up to 1:30, traders can engage in global markets using the MetaTrader 5 (MT5) platform. The platform provides comprehensive customer support, accessible via email, online forms, and dedicated phone lines for several EU countries. Additionally, TradeEU offers educational resources through its Knowledge Center, enhancing traders' understanding of different trading assets, terminology, and effective strategies.
TradeEU | Basic Information |
Company Name | TradeEU |
Founded | 2021 |
Headquarters | Cyprus |
Regulations | CySEC |
Tradable Assets | Stocks, Forex, Cryptocurrency, Indices, and Commodities |
Account Types | Silver, Gold, Platinum |
Minimum Deposit | €250 |
Maximum Leverage | 1:30 |
Spreads | From 0.7 pips |
Commission | Commission-free |
Deposit Methods | Credit/Debit Card, Wire Transfer, E-wallets (Neteller, Skrill, etc.) |
Trading Platforms | MetaTrader 5 (MT5) |
Customer Support | Email, Online Form, Phone |
Education Resources | Knowledge Center with Assets Information, FAQ, Glossary |
Bonus Offerings | None |
Overview of TradeEU
TradeEU is a modern and regulated online trading platform that emerged in 2021, headquartered in Cyprus. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 405/21, it aims to provide traders with a secure and comprehensive environment for engaging in financial markets. With a diverse array of over 250 CFDs spanning Stocks, Forex, Cryptocurrency, Indices, and Commodities, TradeEU enables traders to explore various market opportunities and strategies.
TradeEU's selection of account types, including Silver, Gold, and Platinum, caters to traders of all experience levels. The platform offers commission-free trading and leverages up to 1:30, enhancing traders' capacity to control positions with a smaller investment. Utilizing the powerful MetaTrader 5 (MT5) platform, traders can access advanced tools and features for chart analysis, technical indicators, and automated trading through Expert Advisors (EAs).
Customer support is a cornerstone of TradeEU's service, with various communication channels such as email, online inquiry forms, and dedicated phone lines for several EU countries. Moreover, the platform fosters traders' growth through its Knowledge Center, where they can access resources like asset information, FAQs, and a glossary, helping them make informed trading decisions. Overall, TradeEU stands as a regulated and feature-rich platform for traders seeking to navigate global financial markets with confidence.
Is TradeEU Legit?
TradeEU is regulated by the Cyprus Securities and Exchange Commission (CySEC). As of now, it holds a regulated status with the license number 405/21. This regulatory oversight by CySEC signifies that TradeEU operates under certain guidelines and standards set by the regulatory authority.
Pros and Cons
TradeEU offers a range of benefits including diverse trading instruments, use of the MT5 platform, comprehensive support and educational resources, account variety, and regulatory compliance. However, traders should be mindful of the limited transparency in certain account details, the presence of inactivity fees, and potential fees for new account applications when considering this platform.
Pros | Cons |
Diverse range of trading instruments | Limited transparency on account details |
Utilizes the powerful MetaTrader 5 platform | Presence of inactivity fees |
Comprehensive customer support and educational resources | Possible fees for new account requests |
Offers a choice of account types with varying benefits | |
Regulated by the Cyprus Securities and Exchange Commission (CySEC) |
Trading Instruments
TradeEU provides traders with the opportunity to engage in trading Contracts for Difference (CFDs) on a diverse selection of over 250 assets. These CFDs cover a variety of asset classes, allowing traders to explore different markets and trading strategies. The broker offers CFDs in the following five major asset categories:
Stocks: Traders can access CFDs on popular company shares, including renowned names like Facebook, Google, Netflix, and Apple. Trading stock CFDs enables investors to speculate on the price movements of these companies without owning the actual shares, offering potential opportunities in both bullish and bearish market conditions.
Forex: The Forex market is a prominent arena for trading CFDs, and TradeEU allows traders to participate by offering major, minor, and exotic currency pairs. This includes widely traded pairs such as EUR/USD, GBP/USD, USD/JPY, and GBP/CHF. The forex market is known for its high liquidity and continuous trading, making it appealing to traders seeking diverse trading opportunities.
Cryptocurrency: TradeEU offers CFDs on leading digital currencies, allowing traders to speculate on the price movements of cryptocurrencies in USD pairs. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) can be traded without the need to own the actual coins, offering potential exposure to the cryptocurrency market's volatility.
Indices: CFDs on stock indices from various regions are available, including US, European, and Asian indices. Traders can access well-known indices such as the S&P 500, FTSE 100, and Hang Seng. Index CFDs provide a way to gain exposure to broader market trends without having to buy individual stocks.
Commodities: TradeEU allows traders to speculate on the price movements of commodities such as metals (e.g., gold, silver), agricultural products (e.g., wheat, corn), and energies (e.g., crude oil). Commodities can serve as a means to diversify a trading portfolio and capitalize on price fluctuations in these essential markets.
Here is a comparison table of trading instruments offered by different brokers:
Broker | TradeEU | IG Group | Just2Trade | Kwakol Markets |
CFD | Yes | Yes | Yes | Yes |
Forex | Yes | Yes | Yes | Yes |
Stocks | Yes | Yes | Yes | Yes |
Commodities | Yes | Yes | Yes | Yes |
Oil | Yes | Yes | Yes | Yes |
Gold | Yes | Yes | Yes | Yes |
Copper | Yes | Yes | No | Yes |
Silver | Yes | Yes | Yes | Yes |
Corn | No | No | No | No |
Crypto | Yes | Yes | Yes | Yes |
Futures | No | Yes | Yes | No |
Options | No | Yes | Yes | No |
ETFs | No | Yes | Yes | No |
Bonds | No | Yes | Yes | No |
Warrants | No | Yes | No | No |
Spreadbetting | No | Yes | No | No |
Volatility Index | No | Yes | No | No |
Account Types
TradeEU provides traders with a choice of three distinct live trading accounts – Silver, Gold, and Platinum – each tailored to cater to varying investment styles, customer needs, and levels of trading experience. These accounts are designed to accommodate traders ranging from beginners to advanced traders. Despite the differences between the accounts, all three options offer leverage of up to 1:30, a minimum trade size of 0.01 lots, and access to the entire range of over 250 trading instruments available on the platform.
While all the accounts share common features such as commission-free trading, a 50% margin stop-out level, permission for hedging and Expert Advisors (EAs), and access to the MT5 trading platform and app, there are specific differentiating factors that set them apart:
Silver Account: This entry-level account offers traders access to floating spreads starting from 2.5 pips. It provides a solid foundation for traders new to the platform or those seeking straightforward trading conditions.
Gold Account: Traders with the Gold Account enjoy the advantage of tighter spreads, starting from 1.3 pips. Additionally, this account level comes with a personal account manager, adding a layer of personalized support to the trading experience.
Platinum Account: The Platinum Account offers the most competitive option with floating spreads starting from as low as 0.7 pips. Like the Gold Account, it includes a personal account manager, but it offers even tighter spreads for traders who require more precision in their trading strategies.
All account types provide traders with access to the MT5 trading platform and app, daily market analysis, and the ability to trade across a diverse range of CFD instruments. The variety of account options empowers traders to select the one that aligns with their trading goals, risk tolerance, and preferred trading conditions.
How to Open an Account?
To open an account with TradeEU, follow these steps.
Visit the TradeEU website. Look for the “Open an Account” button on the homepage and click on it.
Sign up on websites registration page.
Receive your personal account login from an automated email.
Proceed to deposit funds to your account.
Download the platform and start trading.
Leverage
TradeEU provides traders with the flexibility to utilize leverage, a powerful tool that allows them to control larger positions with a smaller amount of capital. However, it's important to note that while leverage can amplify potential profits, it also increases the risk of significant losses. To ensure responsible trading and safeguard retail investors, TradeEU adheres to specific leverage limits as mandated by the Cyprus Securities and Exchange Commission (CySEC).
Here is an overview of the leverage options offered by TradeEU across different asset classes:
Major currency pairs – 1:30
Minor currency pairs – 1:20
Major indices – 1:20
Commodities – 1:10
Minor indices – 1:10
Shares – 1:5
Cryptocurrency – 1:2
Spreads and Commissions (Trading Fees)
TradeEU provides commission-free trading with spreads that vary depending on the chosen account type. Here's a breakdown of the spreads offered by TradeEU on different account types:
Silver Account: The Silver account offers floating spreads starting from 2.5 pips. This account type is suitable for traders who prefer a standard trading environment.
Gold Account: Traders opting for the Gold account can benefit from tighter spreads, with rates starting from 1.3 pips. In addition to improved spreads, Gold account holders also have access to a personal account manager.
Platinum Account: The Platinum account offers the tightest spreads among the three account types, starting from 0.7 pips.
Non-Trading Fees
TradeEU imposes significant inactivity fees, beginning at €50 for periods of inactivity ranging from 60 to 90 days and escalating to €500 per month after 300 days of inactivity.
Additionally, there is a possibility of a €50 'examination of application' fee for new account requests, although this fee is subject to the company's discretion. The imposition of such fees, particularly the inactivity fees, can be considered a noteworthy drawback for potential traders.
Deposit & Withdraw Methods
TradeEU offers multiple user-friendly methods for funding your account and withdrawing your funds.
You have a range of funding options at your disposal, including credit and debit cards, wire transfers, and electronic payment methods such as Skrill and Neteller. The company has partnered with regulated entities like Nuvei Limited, Wirecard Technologies GmbH, Multibanko, Ideal, Klarna, Payabl, and Paysafe to facilitate these transactions. It's important to note that for credit card deposits, withdrawals must be made to the same credit card within six months. Deposits made through e-wallets should be withdrawn to the same e-wallet, and wire transfers require withdrawals to the same bank account used for depositing. TradeEU requires a minimum deposit of €250.
Here is a comparison table of minimum deposit required by different brokers:
Broker | TradeEU | Exnova | Tickmill | GO Markets |
Minimum Deposit | €250 | $10 | $100 | $200 USD |
For foreign currency transactions, fees apply based on the transaction amount. The company makes efforts to update fees imposed by third-party providers, but it's important to be aware of potential changes. Withdrawals are generally processed within 24 hours, and refunds may take 4-8 working days. However, the company will not be held responsible for subsequent changes or inaccuracies by third parties.
TradeEU emphasizes that trading CFDs and Forex comes with substantial risks and may lead to the loss of invested capital. Payment processing is carried out by third-party payment service providers, clearing services, and regulated entities to ensure secure and reliable transactions.
Trading Platforms
TradeEU offers the MetaTrader 5 (MT5) trading platform, a well-known and widely used platform among traders. MT5 provides a range of features and tools designed to enhance trading experiences. While the description of the platform is brief, it's important to note that MT5 offers advanced charting capabilities, technical indicators, and various order execution methods. Traders can analyze markets effectively and make informed decisions using the platform's comprehensive tools.
The MT5 platform also allows for automated trading through Expert Advisors (EAs), enabling traders to implement their trading strategies even when they're not actively monitoring the markets. Additionally, the platform is available as both a desktop application and a mobile app, ensuring traders can access their accounts and execute trades from anywhere with an internet connection.
With its intuitive interface and powerful features, the MetaTrader 5 platform offers traders the tools they need to navigate the financial markets efficiently and make well-informed trading decisions.
Customer Support
TradeEU offers multiple channels for customers to get in touch with their support team:
Email: You can contact the customer support team via email at support@tradeeu.com for detailed inquiries and assistance.
Online Inquiry Form: On the 'Contact Us' webpage of the TradeEU website, there is an online inquiry form that you can fill out to submit your questions or concerns directly.
Telephone: TradeEU provides local telephone support numbers for several EU countries. Here are the contact numbers for specific countries:
Cyprus: +35725263479
Portugal: +351300090048
Austria: +43720881165
Netherlands: +31523796507
Sweden: +46846502198
Address: You can visit their physical office at:
Panayides Building, 1st floor, Office no 11,
1 Chrysanthou Mylona Street, Ayia Zoni,
3030 Limassol, Cyprus
Educational Resources
TradeEU provides a Knowledge Center to offer traders access to educational materials and resources to enhance their trading knowledge and skills. The Knowledge Center includes the following resources:
Assets Information: Traders can find detailed information about various trading assets in different categories such as Indices, Forex, Stocks, and Metals. This information can help traders make informed decisions when trading different types of instruments.
FAQ (Frequently Asked Questions): The FAQ section addresses common queries that traders might have about trading, account management, platform usage, and more. It serves as a quick reference for finding answers to common queries.
Glossary: The glossary provides definitions and explanations for key terms and concepts related to trading, helping traders understand the terminology used in the financial markets.
Conclusion
TradeEU, a regulated online trading platform established in 2021 and based in Cyprus, offers a diverse range of over 250 trading instruments across various asset classes. With its use of the powerful MetaTrader 5 platform and comprehensive customer support, traders can access advanced tools for analysis and decision-making. The platform's educational resources further empower traders to enhance their trading knowledge. While the platform provides a choice of account types and regulatory compliance, potential drawbacks include limited transparency on account details, inactivity fees, and possible fees for new account requests. Despite these drawbacks, TradeEU remains a reputable option for traders seeking a secure and feature-rich environment to navigate global financial markets.
FAQs
Q: Is TradeEU a legitimate trading platform?
A: Yes, TradeEU is a legitimate trading platform. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 405/21, which ensures it adheres to established regulatory standards.
Q: What types of trading instruments are available on TradeEU?
A: TradeEU offers a diverse range of trading instruments, including Stocks, Forex, Cryptocurrency, Indices, and Commodities, allowing traders to explore different market sectors.
Q: What account types does TradeEU offer?
A: TradeEU provides three distinct live trading accounts – Silver, Gold, and Platinum – catering to different trading styles and experience levels.
Q: Are there any trading fees on TradeEU?
A: TradeEU offers commission-free trading, but traders should be aware of spreads that vary depending on the chosen account type.
Q: How can I contact TradeEU's customer support?
A: TradeEU offers customer support through email, online inquiry forms, and dedicated phone lines for various EU countries.