In this detailed Eurotrader broker review, we will review each aspect of the Eurotrader broker to see if this broker is a legit broker.
Summary
| Assets Available | 5 Asset Classes – Forex, Stocks, Cryptos, Indices and Commodities. |
| Regulated by | CySEC, FCA, FSCA, FSC, FSA |
| No. of Trading Platforms | 2 Trading Platforms – MetaTrader 4 & 5 both desktop, mobile and web |
| Leverage | 1:1000 |
| Spreads | Depends on account type, starts at 0.0 pips |
| Commission | Starting at 0 commissions depending on the account type |
| Min Deposit | $50 on standard account |
| Demo Account | Yes |
| Education Provided | E-books and video courses |
| Methods of Payment | Bank Wire Transfer, Credit/ Debit Card and Skrill |
Top Forex Brokers
Best for Low Spreads | Best for Speed | Best for High Leverage |
 Fusion Markets is one of the top brokers that provide traders with low spreads (Risk warning: 76% of retail CFD accounts lose money) |  BlackBull markets is a great broker that provides traders with fast executions speeds. (Risk warning: 76% of retail CFD accounts lose money) |  FBS broker is a highly regulated broker that is best for high leverage trading. (Risk warning: 76% of retail CFD accounts lose money) |
Broker Background
EuroTrader was founded in Cyprus in 2018. EuroTrader is a regulated broker that offers trading in various financial instruments, including forex, cryptocurrencies, stocks, indices, and commodities.
Trading Platforms
EuroTrader Broker provides 2 main trading platforms. These are the Metatrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Both of these platforms support desktop, web and mobile trading.
MT4 and MT5 are one of the best trading platforms out there for forex trading. Both of these platforms have all tools necessary to execute trades and analyse the market. They also support algorithmic trading as well.
Instruments Available For Trading
EuroTrader broker provides 5 asset classes for trading. These are Forex, Stocks, Cryptos, Indices and Commodities. Among these asset classes, the EuroTrader broker provides 1000s of financial instruments for trading.
Forex
Euro Trader provides a range of currencies that you can trade. These include all the major currency pairs, and a range of crosses and exotics. You can trade these currencies on the MT4 and MT5 trading platforms.
Stocks
There is a range of stocks that you can trade with EuroTrader. These include Nvidia, Ferrari, Apple, Amazon, Tesla, LVMH, etc.
Crypto
There are 10 cryptocurrencies that you can trade with EuroTrader. These are, Bitcoin, BCHUSD, EOSUSD, Ethereum, OMGUSD, XRPUSD, LiteCoin, NEOUSD, SANUSD and ZECUSD.
Indices
There are 10 indices that you can trade with EuroTrader. These are, AUS200, DE30, FA40, JP225, UK100, US100, US30, US500, ES35 and HK50.
Commodities
There are 6 commodities that you can trade with EuroTrader. These are, XAUUSD, USOil, UKOil, XAGUSD, XAUEUR and NGAS.
Regulations
EuroTrader is regulated by 5 different regulators. These are,
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus
- Financial Conduct Authority (FCA) in UK
- Financial Services Commission (FSC) in Mauritius
- Financial Services Agency (FSA) in Seychelles
- Financial Sector and Conduct Authority (FSCA) in South Africa
Account Types
EuroTrader provides traders with 3 different types of accounts. These are Raw Spread Account, Standard Account and Swap Free Account. The following table compares the 3 account types.
| Raw Spread Account | Standard Account | Swap Free Account |
|---|---|---|
| Minimum Deposit – 1000 | Minimum Deposit – 50 | Minimum Deposit – 1000 |
| Available Base Currencies – USD, EUR, GBP | Available Base Currencies – USD, EUR, GBP | Commission – 0 |
| Spreads starting from – 0.0 pips | Spreads starting from – 0.9 pips | Typical Spread – 1.1 – 1.3 |
| Max Lots per click – 40 | Max Lots per click – 0 | Max Trade size – 30 lots |
| Commission per Lot – 7 USD, 6.5 EUR, 6 GBP | Commission per Lot – 0 | Max Leverage – 1:1000 |
| Leverage – 1:1000 | Leverage – 1:1000 | Swap – No |
| $0 Fees on Deposits & CC Withdrawals – Yes | $0 Fees on Deposits & CC Withdrawals – Yes |
Commissions And Spreads
The commissions and spreads depends on the account type. For raw spread account, the spreads start from 0.0 pips and commission per lot is 7 USD. For a standard account, the spreads start from 0.9 pips and zero commission is charged. For swap free account, the spreads start from 1.1 pips and zero commissions.
Leverage
EuroTrader provides up to 1:1000 leverage. It is not advised to trade with this much leverage, but if you are a profitable trader, high leverage can be beneficial for you.
Education Provided
EuroTrader does provide education through e-books, blogs and video courses. The following image shows some of the e-books provided by EuroTrader. If you are interested in learning more about forex trading, we recommend you check out our complete guide on trading in the forex market.
Minimum Deposit
Depending on the account type, traders required to deposit between $50 to $1000 to start trading with EuroTrader. The following table shows minimum deposit required by other brokers compared to euro trader.
| EuroTrader | XM | BlackBull Markets |
|---|---|---|
| Minimum Deposit – $50 | Minimum Deposit – $5 | Minimum Deposit – $0 |
Awards
EuroTrader is not an award-winning broker. There are other brokers who have won numerous awards, such as XM Broker and Ava Trade broker.
Methods Of Payment (Deposit and Withdrawal)
EuroTrader provides you with a range of payment methods for both deposit and withdrawal. These are, Bank Wire transfer, Credit/ Debit Card and Skrill.
Customer Service
EuroTrader provides 24/5 customer service. You can contact EuroTrader through Live Chat Support and email at Support@eurotrader.com. The following image shows their contact details.
Trading Tools
EuroTrader does provide you with a range of trading tools such as economic calendar and trading calculator. The following image shows a trading calculator provided by EuroTrader.
Demo Accounts
Yes, EuroTrader does provide a demo account with up to $100,000 in virtual currency. The demo trading account is good for practicing your trading.
Is this broker legit?
EuroTrader is a legit broker that is regulated by CySEC. But, EuroTrader does not have a good standing in the trading community. We recommend you to trade with a broker who is regulated by a tier 1 regulator such as ASIC or FMA. You can sign up with a top tier broker from the table below.
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