eurotrader

Registered in	Cyprus
Regulated by	CYSEC
Year(s) of establishment	5-10 years
Trading instruments	Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks
Minimum Initial Deposit	$50
Maximum Leverage	1:500
Minimum spread	0.0 pips onwards
Trading platform	MT4, MT5
Deposit and withdrawal method	VISA, MasterCard, ozow, skrill and bank transfer.
Customer Service	Email/ phone number /live chat
Fraud Complaints Exposure	Yes

General information and regulations of eurotrader

Founded in 2018, eurotrader is a Cyprus-registered retail broker, offering trading in forex, stocks, cryptos, indices and commodities.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....eurotrader allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on eurotrader.

Spreads and commissions for trading with eurotrader

In the case of eurotrader, the spreads and commissions depend on instruments and accounts. We take the zero account for example. The typical spread is around 0.0-0.3 pips, and the commissions are 2.75 USD per lot for forex.

Account Types for eurotrader

Demo Account: eurotrader provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: eurotrader offers a total of 3 account types: micro, zero and hero. The minimum deposit to open an account is $50, $500 and $250,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a micro account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Trading platforms offered by eurotrader

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

Leverage offered by eurotrader

eurotrader offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

In terms of deposit and withdrawal, like many good brokers, eurotrader provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. The feasible payment methods are VISA, MasterCard, ozow, skrill and bank transfer.

Educational resources

A series of educational resources is available at eurotrader, such as various calculators, video courses, eBooks, blogs, etcetera.

Customer support of eurotrader

Below are the details about the customer service.

Language(s): English, Portuguese, Spanish, Italian, Malay, Indonesian,

Service Hours: 24/5

Email: support@eurotrader.com

Phone Number: +44 (0)20 8004 7430

Social media: Facebook, Instagram, LinkedIn, twitter

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of eurotrader

Advantages:

Well regulated

High leverage

MT4, MT5

Sufficient information

Educational resources

Many instruments available

Demo account

Disadvantages:

Complaints

No copy trading

Frequent asked questions about eurotrader

Is this broker well regulated？

Yes, it is currently effectively regulated by CYSEC.

How much leverage does this broker offer？

The maximum leverage of eurotrader is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.

Does this broker offer MT4/MT5？

Yes, eurotrader offers both MT4 and MT5 for you to choose from.