Eurotrader Review

Minimum Deposit: $50 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Eurotrader Review

Summary

Launched in 2018, Eurotrader is an online trading broker that is focused on delivering a modern and streamlined trading experience that empowers and educates traders of all experience levels. The broker offers many learning resources and useful trading tools to help traders get the most out of their trades. They allow retail and institutional traders to buy and sell various financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies, using a range of sophisticated trading platforms: MT4, MT5, and more. The broker is headquartered in Limassol, Cyprus, and is regulated by various financial authorities to provide online trading products and services. The minimum deposit required to start trading is $50.

8.3Expert Score
Eurotrader Rating

Get access to the global markets with user-friendly platforms and professional tools to trade confidently with competitive spreads and margins in every market.

Trading Products
8
Commissions and Fees
8.5
Platforms and Tools
8.5
Research and Education
8
Deposit and Withdrawal
8.5

Eurotrader Review

Pros and Cons

Trading with Eurotrader comes with a lot of benefits. The broker is well-regulated, which gives traders the peace of mind they require. Also, the broker’s clients can trade on the powerful yet user-friendly MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile. The broker provides you with various favourable trading conditions, such as tight spreads, commission-free trading, rapid execution speeds, various account types, secure payment options, and more. You are also provided with various useful trading tools and a vast selection of learning resources to help you analyse the markets and make informed trade decisions.

Pros
  • A suite of intuitive trading platforms
  • Regulated brokerage firm
  • A vast selection of financial assets to trade
  • Tight spreads
  • Low commission fees
  • Lightning-fast trade execution speeds
  • Various funding options
  • Multiple account types
  • Free VPS and other useful trading tools
  • A wide range of learning resources
  • Social trading
  • Islamic accounts
  • Responsive client support team
Cons
  • No USA clients
  • No 24/7 support
  • No options, bonds or ETFs

Eurotrader Review

Trading Products

Eurotrader provides you with a wide selection of Trading Products. This makes it easier for everyone to easily find something that they have an interest in so they can create their very own bespoke portfolio. The broker offers the following trading products: forex, stocks, indices, commodities, cryptocurrencies, and more. Eurotrader is a CFD broker which means that they enable you to speculate on falling or rising prices of a particular instrument without needing to take physical ownership of the underlying asset.

Eurotrader Instruments Summary

InstrumentsEurotrader
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
Eurotrader Instruments

Eurotrader Review

Commission and Fees

Commission and Spread Fees

Every trader is expected to be familiar with the commission fees of their brokers. The spreads and commissions can determine the return you make on your trades. While commissions are small transaction fees charged by brokers, spreads are the difference between an instrument’s buy and sell price.

Eurotrader provides traders with low spreads that may vary, depending on the account type you are trading with. The spreads start from 1 pip on the Micro account and 0.0 pips on the Zero and Hero accounts.

The broker charges a commission fee of $2.75 and $2 for trading forex on the Zero and Hero accounts, respectively. There are no commission fees on the other trading instruments.

Overall, I found the Eurotrader fees to be very good and better than a lot of brokers that I have reviewed in the past. They have accounts for different types of strategies, including scalping, manual and automated trading.

Fee Micro Account Zero Account Hero Account
Commission (per standard lot per side)$0$2.75 (Forex trading)$2 (Forex trading)
Spreads from1.00.00.0
Eurotrader Fees

Deposit and Withdrawal Fees

The broker does not charge any fees for account deposits and withdrawals. However, there may be some third-party fees depending on your payment provider.

Inactivity Fees

Eurotrader does not charge an inactivity fee on clients’ accounts. Some may charge fees to clients’ accounts when they leave the account dormant for a sustained period.

Eurotrader Review

Platforms and Tools

The broker provides traders with a good choice of advanced trading platforms to help them enjoy an enhanced trading experience. In addition to the broker’s proprietary trading platform, they provide traders with the MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions.

MetaTrader 4

The MetaTrader 4, MT4 for short, is a popular trading platform that was introduced in 2005. MetaQuotes, a Russian software company, own the platform. Since its launch, the MT4 has grown significantly to become one of the choicest trading platforms among forex and CFD traders.

The platform is built with many exciting trading features and advanced functionalities, including one-click trading, multiple timeframes, various technical indicators, and more. The MT4 trading platform is also fully customizable, allowing traders to easily tweak it to suit their individual trading preferences. It is designed for both beginners and advanced traders, thanks to its user-friendly interface.

The broker makes the MT4 available as a desktop application for Windows and Mac computers, a web trader, and a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. The web version of the MT4 runs directly on modern web browsers, such as Chrome, Safari, Edge, and Firefox, without needing to download or install any additional software. The trading app is best suited for traders who wish to place trades and check trading positions while on the go as long as there is an internet connection. 

Platform features

  • Offers push alert notifications
  • Multiple charts
  • Allows various trading styles: hedging, scalping, and more
  • Technical analysis on the charts with hundreds of indicators
  • Nine different timeframes
  • Multiple built-in indicators and analytical tools
  • Trade automation using expert advisors
  • Allows strategy back testing
  • MQL4 programming language for creating custom indicators, scripts, expert advisors
  • Live quotes
  • Drawing tools
  • View live account balances and order history
  • Available in desktop, web, and mobile versions
  • Support for one-click trading
Eurotrader MT4 Platform
Eurotrader MT4 Platform

MetaTrader 5

The MetaTrader 5 trading platform is another popular trading platform in the forex trading industry. The platform was also developed by MetaQuotes, the makers of the MT4 trading platform. It was launched in 2010 to make up for the essential features and functionalities that were lacking in the MT4.

The MT5 has more extended features and capabilities, such as 21 timeframes, expert advisors, multiple timeframes, and more. The platform is designed to provide traders with an enhanced trading experience, thanks to its selection of advanced trading functionalities, such as faster processing times, the ability to hedge positions, advanced pending order functionality, and more tools and indicators.

The broker presents the MT5 trading platform as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is designed for smartphone devices running on Android and iOS. The mobile app is best suited for traders who wish to access their trading accounts and place trades while on the move, provided there is an internet connection.

MT5 Platform features:

  • Over 38 built-in technical indicators
  • Offers built-in trading tools
  • Faster trade processing times
  • Fully customizable platform
  • Maximum of 500 total orders
  • Advanced pending orders
  • Intuitive user interface
  • Web, desktop, and mobile
  • Hedging allowed
  • Scalping allowed
  • Trade automation using expert advisors
  • Features 21 timeframes
  • Depth of market pricing
Eurotrader MT5 Platform
Eurotrader MT5 Platform

Eurosocial Trading App

The Eurosocial is a proprietary trading platform that was developed by the broker’s team of fintech experts. It operates as a social trading platform, allowing users to connect, chat and train with the broker’s trading community. With the Eurosocial trading platform, traders can follow experts, show their moves, share their experiences, and learn in the process. It has a leader board that lists the traders at the top of their game. The notifications will alert you to every trade made so you can learn with every step. And the social icons help you connect, interact and grow your confidence.

The platform also allows traders to have all their trade executions in one place as they can easily purchase an asset class and monitor and analyse the performance of their open positions across their portfolios.

The Eurosocial trading platform is available as a mobile trading app that is compatible with Android and iOS devices. The mobile app can be downloaded from the relevant app store and used to place trades and check trading positions while on the go as long as there is an internet connection.

Eurotrader App
Eurotrader App

Eurotrader Platforms Summary

PlatformEurotrader
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietary (Eurosocial)
Desktop
Web
Mobile
Social Trading
Other x
Eurotrader Platforms

Tools

VPS Hosting

Eurotrader provides traders with reliable VPS hosting, which offers fast, flexible, safe, stable, and uninterrupted access to the broker’s trading platform. A virtual private server, or VPS, is a virtual computer you can access remotely and use as a private online dedicated server to get uninterrupted access to the broker’s trading platform. It allows for zero downtimes during the trading process. Hence, it is especially useful for traders who wish to run fully automated trading systems around the clock.

At Eurotrader, the VPS hosting service is free, subject to specific deposit and trading requirements. The minimum required for a free VPS is net deposits over 2,500 EUR/USD/GBP during the past 30 days. You can also get a free VPS from some other brokers including Blueberry Markets.

Trading Calculators

There is a good selection of various useful trading calculators on the broker’s website. These calculators help to ensure the ease of carrying out important trade calculations during the trading process. The trading calculators that are available at Eurotrader include the pip value calculator, margin calculator, profit and loss calculator, risk calculator, currency converter, and more.

Eurotrader Review

Research and Education

Economic Calendar

The Economic Calendar is an essential research tool that shows the schedule of future market events and their expected impacts on the financial markets. It is undoubtedly one of the most useful research tools you should have in your arsenal. With it, you can track economic events and stay up to date with the latest market events, updates, and data releases affecting the financial markets.

Eurotrader Economic Calendar
Eurotrader Economic Calendar

Crypto Calendar

This is a trading calendar that is beneficial to crypto traders. It allows traders to watch the cryptocurrency listings, updates, and other events that will help you shape your crypto decision-making.

Eurotrader Crypto Calendar
Eurotrader Crypto Calendar

Trading Academy

The broker provides traders with a Trading Academy to help them get easy access to various learning resources. The trading academy is beneficial for traders of all levels of experience. It contains a good selection of trading guides, video tutorials, learning articles, and more. You will find a generous selection of in-depth basic and advanced eBooks on the Eurotrader Academy.  The trading academy also covers a range of subjects, including a beginner’s guide to trading forex, learning the ropes of stock trading, introducing crypto trading, indices trading explained, and commodities trading inside out. These trading guides will be especially useful for those who are just starting their online trading journey and looking to improve their knowledge.

Eurotrader Academy
Eurotrader Academy

Eurotrader Blog

The broker’s blog contains several articles that are updated regularly. Therefore, you can dive into the latest trading insights and trends with the Eurotrader blog. Check out the Eurotrader blog for all the insights you need to help make better trading decisions.

Trading News

The trading news on the broker’s website is replete with some of the most recent news of economic events. It keeps traders aware of the events in the financial market, ensuring that traders do not miss any important market news for their fundamental analysis.

Eurotrader Research and Education Summary

ResourcesEurotrader
Market Analysis
Guides
Videos
Webinarsx
Autochartistx
Trading Centralx
Economic Calendar
Other (VPS Hosting, Trading Calculator)
Eurotrader Resources

Eurotrader Review

Deposit and Withdrawal

Eurotrader has a good choice of various deposit and withdrawal methods. The base currencies are the US dollar, British pounds, and Euros. The different currency options are beneficial as currency conversion fees do not apply when using an account in your currency.

To carry out deposit or withdrawal transaction on your Eurotrader account, you have to log in to your secure client area and navigate to the Funds Management tab to select either “Add Funds” or “Withdraw Funds” — depending on whether you want to carry out a deposit or withdrawal transaction. Then, you can choose your most preferred payment method from the range of available payment options.

The broker offers the following payment methods: bank transfers, credit cards, cryptocurrencies, and various e-wallets. While the broker does not charge any fees for deposits and withdrawals, some payment methods may come with small service fees. Also, the time taken to process transactions is dependent on the payment method in use. The minimum deposit required to start trading is $50 which is very reasonable although some brokers such as XTB let you get started with just $1.

Eurotrader Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptos
Eurotrader Funding Options

Eurotrader Review

Regulation and Safety

Eurotrader is an online retail broker that is regulated in various jurisdictions:

  • The European arm of the broker is operated by Eurotrade Investments RGB Ltd, a Cypriot Investment Firm (CIF) that is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
  • Eurotrade SA (Pty) Ltd is licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

The broker’s regulation by the CySEC ensures its compliance with the rules and regulations laid down by the European Union’s Market of Financial Instruments Directive (MiFID II), which enables it to extend its service across Europe.

Eurotrader Regulation Summary

RegulatorEurotrader
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Other (FSCA)
Eurotrader Regulators

Eurotrader Safety

Eurotrader is a transparent and trusted online trading broker. They ensure that every trade is secure and your money is safe. The broker is reputable and regulated in various jurisdictions. Their combined trading experience and support enable everyone to trade fairly, responsibly, and confidently.

In addition, the broker asserts that all client funds should be segregated, and adequate digital security is provided via secured socket layer (SSL) technology which encrypts all user data before transmission to the servers.

Eurotrader Review

Client Support

The broker provides traders with a knowledgeable client support team. The support team is always available 24/5 to respond to clients’ general, technical, and account-related inquiries. They can be reached via telephone, email, live chat, or various social media channels. I think they could improve by having 24/7 support like competitors such as FP Markets do.

Eurotrader Review

Conclusion

Eurotrader is a multi-asset brokerage firm that has been in operation since 2018. They provide you with various competitive trading conditions, including tight spreads, commission-free trading, fast trade execution speeds, different account types, convenient funding options, and more. In addition to a top-class trading environment, Eurotrader also provides advanced trading platforms, educational resources, useful trading tools, and the services of a reliable client support team.

The broker is regulated by various financial authorities and allows clients to trade multiple financial instruments across different asset classes. The minimum deposit required to start trading is $50 or you could always practice trading on a free demo account to begin with.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Eurotrader Review

FAQs

When was Eurotrader founded?

Eurotrader was founded in 2018.

Where is Eurotrader located?

Eurotrader is located in Cyprus.

Is Eurotrader regulated?

Eurotrader is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa.

What trading instruments does Eurotrader offer?

Eurotrader provides traders with a wide selection of Trading Products across different asset classes, including forex, stocks, indices, commodities, cryptocurrencies, and more.

What is Eurotrader’s minimum deposit?

The minimum deposit required to start trading at Eurotrader is $50.

What trading platforms does Eurotrader offer?

The broker provides traders with various advanced trading platforms, such as MT4, MT5, and a proprietary social trading platform.

What is Eurotrader’s commission fee?

There is a commission fee of $2.73 and $2 for trading forex on the Zero and Hero accounts, respectively.

Does Eurotrader charge an inactivity fee?

The broker does not charge an inactivity fee.

What are Eurotrader’s spreads?

Eurotrader provides traders with low spreads that may vary, depending on the account type you are trading with. The spreads start from 1 pip on the Micro account and 0.0 pips on the Zero and Hero accounts.

What funding options does Eurotrader offer?

The broker offers secure funding options, such as bank transfer, credit cards, cryptocurrency, and e-wallets.

Does Eurotrader offer demo trading?

Yes. Eurotrader offers a demo account for practise purposes.

Does Eurotrader offer Islamic accounts?

The broker offers an Islamic account for Muslim traders.

How do I contact Eurotrader customer support?

The broker’s client support team can be reached via telephone, email, live chat, and social media.
Eurotrader Review
Eurotrader Review
Minimum Deposit: $50
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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