Eurotrader EU Broker Review 2024

Eurotrader is a regulated Forex and CFD broker based in Cyprus that offers trading services through 2 main account types, including Standard and Raw, for over 800 tradable instruments with spreads as low as 0.0 pips.

This broker provides 3 deposit and withdraw methods with a low processing time of just 1 day.

Eurotrader Broker Regulation and Company Information

Eurotrader is a relatively new player in the CFD brokerage scene, but it's quickly establishing itself as a force to be reckoned with. Founded by a team with over 40 years of combined industry experience, Eurotrader aims to redefine the trading experience.

Eurotrader is regulated by the Cyprus Securities and Exchange Commission (CySEC) [license number 279/15], ensuring a high level of investor protection and adherence to strict financial standards.

This broker claims that it has regulation from other financial authorities, including FSC, FSA, and FSCA. Eurotrader headquarters is in London, and has an office in Limasool, Cyprus.

Eurotrader Specifications

Let’s provide a detailed table to give you an overall view of what Eurotrader offers:

What Account Types Does Eurotrader Offer?

Eurotrader offers 2 account types to suit different trading styles and preferences:

EuroTrader simple account structure helps traders choose the account type that best aligns with their trading experience and preferences.

Eurotrader also offers a demo account with a variety of features:

• Risk-free practice environment
• Replicates live trading conditions
• Ideal for testing strategies and getting familiar with the platform

Eurotrader Sign-Up and Verification Process

Getting started with Eurotrader is a straightforward process designed to get you trading as quickly as possible while ensuring compliance with regulatory requirements. Here's a step-by-step guide:

1. Visit the Eurotrader website and click on the "Register" button;
2. Enter your country of residence, email, and create a password;
3. Verify your email address;
4. Fill in personal information, including date of birth, phone number, and name;
5. Complete employment and education form;
6. Complete the forms about your financial status
7. Upload proof of ID document (passport, national ID, driver’s license)
8. Upload proof of residence documents (Utility bill or bank statement)

Eurotrader Broker Trading Platforms Overview

Eurotrader provides traders with access to the industry-leading MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their robust features and user-friendly interfaces. Here's what you can expect:

MetaTrader 4 (MT4):

• Ideal for forex trading
• Advanced charting tools
• Expert Advisors (EAs) for automated trading
• Available on desktop, web, and mobile devices

Links:

• Android
• iOS

MetaTrader 5 (MT5):

• Multi-asset trading platform
• Enhanced analytical tools
• More timeframes and pending order types
• Improved strategy tester

Links:

• Android
• iOS

Eurotrader ensures that traders have access to these powerful platforms, allowing for a seamless trading experience across various devices.

Eurotrader Broker Spreads and Commissions

Eurotrader offers competitive pricing structures across its account types:

Other fees in Eurotrader broker:

• Swap charges
• No deposit or withdrawal fees
• No inactivity fee

Eurotrader Broker Deposit & Withdrawal Review

Eurotrader offers a variety of convenient payment methods for deposits and withdrawals:

• Bank transfer
• Credit/debit cards
• Skrill

Key points about Eurotrader deposit/withdrawals:

• Minimum Deposit: $10 USD
• Maximum Deposit: $10,000 USD
• Processing Times: instant transfers for credit card and skrill deposits and 1 to 5 days for bank transfers
• Fees: Eurotrader does not charge fees for deposits or withdrawals, except for a potential 2% fee on withdrawals without prior trading activity.

Copy Trading & Investment Options Offered on Eurotrader Broker

Eurotrader offers a robust copy trading feature, allowing traders to replicate the strategies of successful traders:

• Copy Trading App: Easily follow and copy top-performing traders
• Diverse Strategies: Choose from a range of trading styles and risk profiles
• Performance Metrics: Detailed statistics to help you select the best traders to copy
• Customizable Settings: Adjust copy ratios and risk management parameters
• Real-Time Sync: Trades are copied instantly for optimal performance

Unfortunately, we couldn’t download and use the Eurotrader copy trading app so we only included the topics the broker promises to deliver. Eurotrader also offers signal trading services through their partnership with Trading Central. Traders can receive notification alerts on their web, mobile, or desktop about profitable trades in different markets.

Bonuses and Promotions Eurotrader broker

Now it’s time to go through bonuses and promotions in our Eurotrader review. Eurotrader offers several attractive promotions to both new and existing clients:

• 111% Deposit Bonus: Boost your trading capital with this generous offer on deposits between $50 to $20k.

• $50 No Deposit Bonus: Get started with a risk-free bonus to explore the platform.
• Affiliate Program: Earn commissions by referring new clients to Eurotrader.

It's important to read and understand these conditions before participating in any bonus program.

Eurotrader Broker Support Channels and Operating Hours

Eurotrader provides comprehensive customer support through various channels:

• Live Chat: Available 24/5 for quick queries and assistance
• Phone Support: +35725262826
• Email Support: Support@eurotrader.com

The multi-channel support system ensures that traders can get help when they need it, enhancing the overall trading experience. The support is active 24/5 and offers assistance in English, Spanish, Italian, German, and more.

Eurotrader Trust Scores and User Reviews

User reviews are a great source to gain valuable insights regarding a broker’s quality of services. Eurotrader has mixed Reviews on the Trustpilot website. This broker has 3.2 stars out of 5 from over 170 reviews. While Eurotrader has received mixed reviews, many clients appreciate their transparent approach and responsive customer service.

TF Expert Suggestion

EuroTrader aims to provide a top-tier trading experience with low spreads on the Standard (from 0.9 pips) and Raw (from 0.0 pips) accounts, with a maximum leverage of 1:30.

However, it isn’t quite successful in doing so since it only has 3.2 out of 5 stars on the Trustpilot website from over 170 reviews. Many traders mentioned the high minimum deposit ($1,000) and commission ($7) of the Raw account as major drawbacks.