Contents
- 1 EuroTrader Basics
- 2 About EuroTrader
- 3 Key Benefits
- 4 Regulation And Safety
- 5 Client Fund Safety
- 6 EuroTrader: Legit or Scam?
- 7 EuroTrader Trading Assets
- 8 Trading Instruments
- 9 Account Types
- 10 EuroTrader Micro Account
- 11 EuroTrader Zero Account
- 12 EuroTrader Hero Account
- 13 Demo Account
- 14 EuroTrader Islamic Accounts
- 15 EuroTrader PAMM Accounts
- 16 EuroTrader Registration – How To Open An Account
- 17 EuroTrader Registration – How To Verify An Account
- 18 EuroTrader Payment Methods
- 19 EuroTrader Deposits & Withdrawals
- 20 Forex Bonuses
- 21 EuroTrader Trading Platforms
- 22 Trading Tools
- 23 EuroTrader VPS Trading Services
- 24 Education And Research
- 25 Trading Hours
- 26 EuroTrader Customer Support
- 27 Our Verdict
- 28 Conclusion
- 29 EuroTrader Forex Broker Reviw FAQ
- 30 EuroTrader Forex Broker Review – Similar Brokers
EuroTrader Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FSCA |
| 💰 Minimum Deposit | $50 (20000 Naira) |
| 💳 Deposit Options | Crypto, VISA, MasterCard, Bank Wire, Ozow, Skrill, Neteller. |
| 💳 Withdrawal Options | Crypto, VISA, MasterCard, Bank Wire, Ozow, Skrill, Neteller. |
| 📌Open an account | Start Trading with EuroTrader |
About EuroTrader
EuroTrader is a fully licensed and regulated forex broker. They were established in 2018 and have quickly become one of the most popular forex brokers in Nigeria. They are now well-known in the industry, for offering an excellent online trading experience, and for providing a secure online trading environment.
As a broker that places a high value on transparency, EuroTrader ensures that its clients benefit from a good and fair online trading service. They have competitive online trading conditions. They give traders the opportunity to trade all the best asset classes – including forex and cryptocurrencies – and they also give them access to two of the industry’s best online trading platforms. EuroTrader ensures traders benefit from low minimum deposits, low spreads, and zero commissions.
As a broker that also places a high value on curiosity, EuroTrader ensures that its clients benefit from a wide range of trading resources. They offer a wide range of free trading tools, as well as a helpful VPS service. They also offer free market news, detailed market analysis, extensive online courses, and helpful trading guides. As such, they provide great trading support and excellent customer service.
.
Key Benefits
Regulation And Safety
EuroTrader is a trade name, shared by a small group of companies, all in the forex industry. The EuroTrader group has licences issued by some of the top financial authorities in the world, including CySEC, the FCA, and the FSCA. While this business structure might seem complicated, it is what allows EuroTrader to offer services in multiple countries, including Nigeria. Here is the full list of licences:
- Eurotrader Group Subsidiary: Eurotrade SA (Pty) Ltd, which is licenced by the Financial Sector Conduct Authority (FSCA) in South Africa, under the licence number K2017223774.
- Eurotrader Group Subsidiary: Eurotrade Investments RGB Ltd, which is licenced by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, under the licence number 279/15.
- Eurotrader Group Subsidiary: Eurotrade Capital Ltd, which is licenced and monitored by the Financial Conduct Authority (FCA) in the UK, under the licence number 777162.
Client Fund Safety
EuroTrader keeps all client funds in segregated accounts. This means that client funds are kept in a safe place and cannot be used for operational purposes. Eurotrader also provides extra security through negative balance protection, the Investor Compensation Fund, and civil liability insurance cover for up to €2,000,000.
EuroTrader: Legit or Scam?
EuroTrader is a legitimate forex broker. They have been offering online trading services for a few years now and have a growing client base in Africa. They are regulated by some of the best strictest financial authorities in the world, including CySEC and the FCA, and offer a high level of client fund protection. With regards to their services, they have a good range of trading accounts, with one low-cost option, and decent online trading conditions. They also have a good choice of payment methods, fast withdrawals, and good customer service. In our opinion, they are a legit forex broker.
EuroTrader Trading Assets
EuroTrader has over 2000+ trading instruments. You can choose from forex, metals , indices, stocks, commodities, and cryptocurrencies.
Trading Instruments
- Forex: They have over 50+ forex trading instruments including major, minor, and exotic currency pairs. The leverage on forex pairs is up to 1:30.
- Shares: They have over 500+ CFD shares including major brands such as Meta, Twitter, and Google. You can also trade Tesla, Amazon, and Apple.
- Indices: They have spot trading on many popular indices including the S&P500, the Nasdaq100, the FTSE100, and the Dow Jones 30.
- Commodities: They have spot trading on gold, silver, and copper. They also offer trading on Brent Oil, WTI Crude, natural gas, wheat, and soybean.
- Cryptocurrencies: They offer trading on many popular cryptocurrencies including Bitcoin, Litecoin, Ethereum, and BitcoinCash.
Account Types
There are currently three account types available – the Micro Account, the Zero Account, and the Hero Account. Each account type comes with slightly different trading conditions.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Micro | From 1.2 pips | $50 | 1:30 | $0 |
| Zero | From 0.3 pips | $500 | 1:30 | $2.75 per lot |
| Hero | From 0.3 pips | $25,000 | 1:30 | $2.00 per lot |
EuroTrader Micro Account
This is their micro trading account and it’s a great choice for new traders. It comes with an average spread of 1.2 pips. There are no commissions on forex or stocks. It also comes with the standard leverage of 1:30. The EuroTrader minimum deposit for this account is $50 and the base currency is USD.
EuroTrader Zero Account
This is their low-cost trading account. You can choose from zero commission or zero spread trading, depending on your preferred trading model. It also comes with the standard leverage of 1:30. The EuroTrader minimum deposit for the Zero account is $500. The base currency is USD.
EuroTrader Hero Account
This is their best option for more experienced traders. It comes with tight spreads and zero commission trading on stocks. It also comes with the standard leverage of 1:30. The EuroTrader minimum deposit for the Hero account is $25,000. The base currency is USD.
Demo Account
The EuroTrader demo account is great for beginners who need time to learn about the market and master some basic forex trading skills. It comes with similar trading conditions to the Zero account – with tight spreads and standard leverage. There is no minimum deposit as the trading is done with virtual capital. It is also worth noting that the demo account is available on both MT4 and MT5.
EuroTrader Islamic Accounts
All of the EuroTrader accounts are available as Islamic Accounts, and you can choose this option when opening your online trading account.
EuroTrader PAMM Accounts
EuroTrader does have a PAMM service. EuroTrader PAMM accounts allow Nigerian traders to invest in proven strategies executed by expert traders and take a share of the profit. This service is usually very helpful for Nigerian traders, as it means they can benefit from a fully-managed investment portfolio and live investment updates.
EuroTrader Registration – How To Open An Account
As part of our EuroTrader broker review, we looked at their online registration process. If you live in Nigeria, then you are eligible to open a trading account. The EuroTrader account registration process is quite straightforward. To start, visit their website, fill in the online form, and add a few personal details. At this stage of the process, you can also give them your chosen login details.
Next, they might ask you to take a quick online test. This is so that they can see how much you know about forex trading, and decide if their services are right for you. At this stage of the process, you simply answer a few short questions. Lastly, they might ask you to complete the KYC process, submit copies of your documents, and select your account type. This is so that they can confirm your identity and verify your account.
EuroTrader Registration – How To Verify An Account
As part of our EuroTarder broker review, we looked at the account verification process. To use your trading account, you’ll need to show EuroTrader a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The EuroTrader account verification process is fairly straightforward. You can send copies of your National ID card, Passport or Driving License. You can also provide copies of a utility bill or a bank statement registered in your name.
EuroTrader Payment Methods
As part of our EuroTrader broker review, we looked at what payment options are available. They offer a nice choice of payment methods. You can choose from a good range of traditional payment options, as well as popular e-wallets. They also offer fast transaction times and low transaction fees, which can make funding your account and withdrawing money much easier.
EuroTrader Deposits & Withdrawals
EuroTrader has a great choice of payment methods. You can fund your account using debit cards, credit cards, and wire transfer. You can also use Ozow, Skrill, Neteller, or cryptocurrency. You can also withdraw money using all the same payment methods. It is important to note that some withdrawal methods may incur fees, depending on the payment provider.
Forex Bonuses
Eurotrader offers a generous forex bonus. You can receive 111% on top of your deposit – up to $20,000. The bonus is based on the volume traded on Forex and Metals, and there are also minimum trading requirements. T&Cs apply.
EuroTrader Trading Platforms
EuroTrader offers two of the industry’s top trading platforms. These are MetaTrader 4 and MetaTrader5. It also has various versions of each platform. You can trade on your desktop, web browser, or mobile.
MetaTrader4 – MetaTrader4 (MT4) is a great option for beginner traders. It has a simple design and comes with many helpful trading tools. You can use it to trade all of the top markets including forex, crypto and stocks. It also has advanced charting tools, 4 order execution types, 30 technical indicators and 23 analytical objects. You can use these to analyse price trends and manage your trades.
MetaTrader5 – MetaTrader5 (MT5) is another great option for forex traders in Nigeria. It comes with many built-in trading tools. You can use it to access all of your favourite markets. It has a modern design that makes it very easy to use. It also has a wide selection of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly better functionality than MetaTrader4.
Trading Tools
EuroTrader has some great trading tools. It offers several free calculators including a pip calculator, a margin calculator, a P&L calculator, and a risk calculator. It also offers a free cryptocurrency calendar. They also offer a free economic calendar to help you monitor market news. The economic calendar covers economic data releases from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes predicting price movements much easier.
EuroTrader VPS Trading Services
EuroTrader offers a VPS service. It is designed to help traders get a better, smoother online trading experience. It is free for any trader who makes a net deposit of over $2,500 in a 30 day period. A VPS service is ideal for forex traders who want more stability and flexibility. This is because it enables you to trade with optimum technical conditions and consistent connectivity. You can use VPS services to run automated algorithmic strategies, including Expert Advisors, 24 hours a day 7 days a week, on a virtual machine. You can also use it to minimise the risk of system downtime due to unexpected power failures, Internet cuts, physical difficulties, and computer shutdowns.
Education And Research
EuroTrader offers a free video course. The courses consist of small, easy-to-learn topics and they are great for new traders looking to improve their online trading skills.
Their beginner videos cover all the basics of forex trading including chart types, pips, margin, and leverage. It also teaches you how to make your first forex trade. Their videos on fundamental analysis covers all the major economic indicators that you need to know. And finally, their videos on technical analysis covers trend lines, support and resistance levels, and major patterns.
In addition to their free educational courses, EuroTrader also offers many useful educational resources. You get free access to eBooks, articles, guides, and market news.
Trading Hours
EuroTrader operates in line with the standard industry trading hours. You can open a trade whenever the financial markets are open. Trading hours may vary on public holidays.
EuroTrader Customer Support
EuroTrader has a helpful customer support team. You can contact them via email, phone, and live chat. Their team offers customer support in English, Arabic, and Spanish. They also offer trading support in Chinese, Italian, Greek, and Portuguese.
Our Verdict
EuroTrader is a reputable broker with a good range of trading instruments. Its high quality educational materials and trading support make it a good choice for new traders. Its excellent trading conditions and powerful trading platforms make it a great choice for experienced traders as well.
Conclusion
EuroTrader is a reputable broker with a good range of trading instruments. Its high quality educational materials and trading support make it a good choice for new traders. Its excellent trading conditions and powerful trading platforms make it a great choice for experienced traders as well.
EuroTrader Forex Broker Reviw FAQ
Yes, in our opinion, EuroTrader is a good forex broker. They have minimum deposits starting from just $50, which is lower than many other forex brokers. EuroTrader offers a good choice of trading instruments, including forex, stocks, indices, metals, and cryptocurrencies. They also provide competitive trading conditions, including high leverage and tight spreads, ensuring you get a great online trading environment. In our opinion, EuroTrader is a good broker and a great choice for Nigerian traders.
Yes, EuroTrader in Nigeria is a legit forex broker. They have been offering online trading services for many years now and have a growing client base in Nigeria. They are regulated by some of the best financial authorities in the world, including CySEC and the FCA. In terms of their trading services, they provide good trading accounts, as well as low cost trading conditions. They also have a decent range of payment methods, a good level of client fund protection, and great customer service. In our opinion, they are a legit forex broker and a good choice for Nigerian traders.
Yes, EuroTrader is a regulated forex broker. The brand name EuroTrader is used by a small group of companies. The group is regulated by many top-tier regulators, including the financial regulators for the UK, Cyprus and South Africa. While this business structure might seem complicated at first, it is what allows EuroTrader to register with multiple regulatory authorities, and to operate in many different countries around the world, including Nigeria.
Yes, EuroTrader in Nigeria is a safe forex broker. When it comes to client fund safety, they offer more protection than required as part of the basic regulatory requirements. For example, EuroTrader keeps all client funds in segregated accounts, separate from its own capital. This means that they cannot use client funds for their own operational purposes. In our opinion, EuroTrader is trustworthy and a good choice for Nigerian traders.
Yes, EuroTrader in Nigeria is good for beginners. They offer an affordable entry account, with a minimum deposit of just $50, and low trading costs. They also have a good selection of trading resources and educational materials. For example, beginner traders, who may need more help with their trading, can take the free EuroTrader educational materials to improve their knowledge and skills. This will give them access to expert insights and increase their chances of trading profitably.
EuroTrader in Nigeria is a great forex broker. They have a decent choice of trading accounts, trading instruments, and trading platforms. They also have great learning materials, helpful customer support, and good client fund security. However, if you want to look at alternative options, there are many other great forex brokers as well. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
Ready to sign up? Register for an online trading account with EuroTrader here.
EuroTrader Forex Broker Review – Similar Brokers
EuroTrader is a great forex broker. However, if you want to look at other companies, there are also many other forex brokers in Nigeria. Here are some similar brokers.
Looking for more options? Take a look at more of our forex broker reviews.