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.
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