Rating Index

Pros

Wide range of trading instruments including over 100 forex pairs, commodities, cryptocurrencies, and more.

Multiple trading platforms available, including cTrader and a proprietary mobile app, catering to different trading preferences.

Competitive leverage of up to 200:1, allowing traders to maximize their trading potential.

Cons

Lack of clear regulatory oversight, as it operates from offshore jurisdictions, which may raise concerns about fund safety.

Minimum deposit requirement of $200 may be prohibitive for some beginners looking to start trading with smaller amounts.

Limited information on the broker's establishment and reputation, which can lead to uncertainty for potential clients.

European Trade broker Accounts

Eurotrader Account Type

Eurotrader offers several account types to cater to different levels of experience and trading budgets. The accounts include:

Micro Account

Minimum Deposit: $50
Commission on Stocks: $0
Commission on Forex: $0
Typical Spread: 1.2 - 1.4 pips
Max Trade Size: 10 lots
Max Leverage: 1:500

Zero Account

Minimum Deposit: $500
Commission on Stocks: $0
Commission on Forex: $0
Typical Spread: 0.7 - 0.9 pips
Max Trade Size: 40 lots
Max Leverage: 1:500

Hero Account

Minimum Deposit: $25,000
Commission on Stocks: $0
Commission on Forex: $4.00
Typical Spread: 0 - 0.1 pips
Max Trade Size: 40 lots
Max Leverage: 1:100

Eurotrader Broker Account Opening Process

To open a Eurotrader account, follow these steps:

Log In: Go to the Eurotrader website and log in to your account.
Choose Deposit Method: Click on the deposit option and select your preferred payment method.
Follow Instructions: Complete the instructions to deposit your desired amount.
Confirmation: Check for an email confirming your deposit.

The account approval process typically takes around 24 hours, but it can be faster if all documents are in order. You need to provide personal information, proof of identity, and proof of address for verification.