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EuroTrader Review 2023

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Available in United States

Our Rating

2.5
/ 5

EuroTrader is #12 in our CFD broker rankings.

EuroTrader is a regulated brokerage firm with securities and derivatives trading products, including stocks, forex and cryptos.

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Trusted

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Demo Account

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Copy Trading

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MetaTrader 4

Minimum Deposit $0

Trading Platforms MT4, MT5

Instruments CFD, Forex, Crypto, Stocks

Bonus Offer -

Account Currencies

Payment Options Wire Transfer, Neteller, Visa, Mastercard, Skrill

All EuroTrader Details

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Forex Trading

Not Available

Stocks Trading

Not Available

CFD Trading

Not Available

Crypto Trading

Not Available

EuroTrader (also known as EuroTrader Group) is an online broker offering retail trading on a variety of assets including forex and stocks. Clients from around the world can take advantage of EuroTrader’s services, including MT4 and MT5 platforms, four account types and competitive leverage rates. This review will discuss the broker’s regulation status, asset range, payment options and more.

Company Details

EuroTrader was founded in 2018 by owner and CEO Dr Ozan Ozerk and from 2019 to 2021 it has grown and built an inclusive trading ecosystem. EuroTrader is headquartered in Larnaca, Cyprus, where it is also regulated by the Cyprus Securities and Exchange Commission (CySEC).

EuroTrader caters to a large range of customers in countries all around Europe and the world. Currently, customers within the United States cannot trade with EuroTrader.

EuroTrader Platforms

MetaTrader 4

EuroTrader clients can use the MetaTrader 4 (MT4) platform, which is available to download for Windows and Mac OS. It is one of the most popular trading platforms around and comes packed with lots of features to improve your trading experience. These include 30 technical indicators, 24 drawing tools and automated (Auto) trading support. The platform is intuitive and user-friendly, making it easy to open and close trades.

MetaTrader 5

EuroTrader users can also trade through MetaTrader 5 (MT5), the next generation of the MetaTrader trading platform. It includes many of the same features as MT4 and is equally user-friendly, though it has more tools than its predecessor. There are 38 technical indicators and six pending order types (compared to four in MT4). MT5 also has a built-in economic calendar. As with MT4, MT5 is available to download on both Windows and Mac OS.

Assets

EuroTrader clients can access a wide range of assets:

• 50+ forex pairs including exotic pairs
• 1000+ stocks from over 15 stock exchanges including NASDAQ, NYSE and LSE
• 15+ cryptocurrencies including Bitcoin and Ethereum
• 9+ indices including FTSE 100 and Nikkei 225
• 7+ commodities including gold, silver and oil

Account Types

EuroTrader offers five different types of live trading account, each of which features different spreads and commissions:

Micro Account

This account is for beginners and clients who are going to trade in smaller amounts. The typical spreads for this account are 1-1.2 pips and no commission is charged. The maximum trade size is 10 lots.

Zero Account

This EuroTrader account was designed for traders who find themselves investing more often and is particularly aimed at day traders and scalpers. It comes with two options, either 0% on forex spreads or 0% on forex commission. If you choose the 0% spreads option, you will be charged a commission of $2.75 on any forex trading. The 0% commission option will have a small markup in spreads. The minimum trade size is 0.01 lots and the maximum is 50 lots.

Hero Account

This account was created for high-end traders. It is the premium account offered by EuroTrader. A typical spread on this account is 0-0.3 pips. Commissions of $4 are also charged per forex trade, with no commission on stocks. The minimum trading size is 1 lot, and the maximum is 1,000 lots. This account comes with an account manager.

Swap-Free Account

This account is for customers who do not want to earn interest in their trade positions that extend to the next day. This is useful for people practising Sharia law or other religious beliefs. The average spread is 0.7-0.9 pips, the minimum trade size is 0.01 lots and the maximum is 50 lots. As with the hero account, an account manager is assigned.

Leverage

For the micro account, the maximum leverage is 1:500. This means you can put down £10 and trade with £5,000. For the zero account, the limit is 1:300 and for hero and swap-free accounts, the maximum leverage is 1:100. Remember, leverage can increase your profits but it also increases losses.

Mobile Apps

EuroTrader is available on mobile through the MetaTrader apps. Both MT4 and MT5 have mobile apps available to download on iOS and Android. The apps do not have all the same functionalities and capabilities as the desktop platforms but they are still user-friendly and easy to open and close trades. The apps allow you to monitor the markets as well as perform technical analysis.

Payment Methods

Deposits

Making a deposit is easy,  simply login to My EuroTrader, click deposit and follow the onscreen instructions. Deposits can be made via the following methods:

• Bank Transfer
• Mastercard
• Neteller
• Ozow
• Skrill
• Visa

All deposit methods have an instant processing time, except for bank transfers, which take 1-3 business days. The minimum deposit is $50 for all methods, except for bank transfers, which have a minimum of $500 and Ozow, which has no minimum.

Withdrawals

Withdrawals can be made via the same methods as deposits. Visa and Mastercard have a minimum withdrawal of $50, while there is no minimum for the other methods. Withdrawals to most methods take a processing time of approximately 1-5 business days, apart from Ozow, which is instant.

Demo Account

EuroTrader does offer a demo account. The account is fully functional and is a great place to test out your trading strategies before you open a real trading account. Users get unlimited funds and can place trades at live market prices in the simulated trading environment.

Deals & Promotions

EuroTrader has been known to run deals and promotions, including no deposit bonuses and deposit bonus offers. Right now, no offers are being run. Check the broker’s website for news of upcoming promotions.

Regulation & Licensing

EuroTrader has attained three different licenses from separate regulatory bodies. First, they have a license with the Cyprus Securities and Exchange Commission (CySEC). CySEC is the financial regulator for the Republic of Cyprus. As they are regulated by a body from an EU member state, EuroTrader is allowed to offer its services around the European Economic Area (EEA).

In addition to this, EuroTrader has a license with the Swiss Financial Market Supervisory Authority (FINMA). Finally, they are also licensed by the Financial Sector Conduct Authority (FSCA), the South African financial regulatory body.

Additional Features

EuroTrader has a wealth of additional tools designed to improve your trading experience and output:

• Pip Value Calculator: This helps you find the value per pip in the base currency you choose when forex trading. Simply fill in your deposit currency, the pip amount, the forex pair you will trade and the trade size in lots to find out the pip value.
• Margin Calculator: This helps you find the minimum amount you need to open and maintain a new position.
• Profit And Loss Calculator: This is useful in designing your stop-loss and take-profit prices. Fill out the required information, state whether you are going long (buying) or short (selling) and calculate the potential profit/loss.
• Currency Converter: This calculates the foreign exchange rates of popular currencies. Select your chosen currencies, enter the amount, and hit calculate.
• Risk Calculator: This tool is designed to help you manage risk levels. You can find out how many units you must buy/sell to minimise the risk gap.
• Economic Calculator: This calendar features all you need to know about the financial world. It includes everything from upcoming economic events to stock market holidays.
• Crypto Calendar: This tool is similar to the economic calendar but is focused on crypto. It features upcoming listings and events that will help you plan your investments.
• EuroTrader Academy: The EuroTrader academy is full of information and resources. Any serious trader knows that they should always be learning and this academy is the place to go, with all sorts of tips and guidance.

Benefits

Advantages of trading with EuroTrader include:

• Islamic accounts
• No withdrawal fees
• MetaTrader platforms
• Commission-free accounts
• Over 2,000 financial instruments
• Tight spreads and low trading fees

Drawbacks

Disadvantages flagged up include:

• No US customers
• Not FCA-regulated

Trading Hours

The EuroTrader platform is always available. Cryptocurrencies can be traded 24/7, while forex runs 24 hours a day during the week. Other markets like stocks will depend on the opening times of the stock exchange they are listed on.

EuroTrader also offers a virtual private server (VPS). This allows you to keep trading even if your computer is not turned on, perfect for when you need to focus on other careers and jobs or just need to get some sleep.

Customer Support

EuroTrader offers 24/5 customer support for any issue from forgetting your login details to a trading dispute. In addition to opening a ticket online, clients can contact EuroTrader via these methods:

• Phone: +44 20 8004 7430
• Email Address: support@eurotrader.com

EuroTrader can also be contacted through many popular social media platforms, including WhatsApp, Telegram and Twitter. EuroTrader cannot be contacted through LinkedIn, where they have a London address listed.

Safety & Security

At EuroTrader, security is a top priority. The platform implements industry-leading security features to protect every user and every trade. Also, through the MetaTrader platforms, clients can turn on two-factor authentication (2FA), which adds extra security at the login stage.

EuroTrader Verdict

EuroTrader Group is a regulated online trading broker that offers over 2,000 financial instruments from forex to stocks and crypto. The platform uses the ever-popular MetaTrader (MT4 and MT5) platforms and has received many positive reviews on respected sites. This broker is great for beginners as well as seasoned veterans, though American traders must look elsewhere.

FAQs

Accepted Countries

EuroTrader accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Payment Methods

• Visa
• Mastercard
• Wire Transfer
• Skrill
• Neteller

EuroTrader Details

CFD Trading Details

Forex Trading Details

Cryptocurrency Trading Details

Compare EuroTrader

Compare EuroTrader with similar brokers that accept traders from your location. Among available brokers these are the most similar to EuroTrader:

1. OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
   Go to OANDA
2. Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
   Go to Webull
3. Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
   Go to Forex.com

EuroTrader Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by EuroTrader and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

EuroTrader vs Other Brokers

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	Visit	EuroTrader is a regulated brokerage firm with securities and derivatives trading products, including stocks, forex and cryptos.
EuroTrader is a regulated brokerage firm with securities and derivatives trading products, including stocks, forex and cryptos.