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EuroTrader Broker Review For Nigeria In 2023

EuroTrader at a glance

🏛️ Based inLimassol, Cyprus
⚖️ RegulationCySEC, FSCA
💰 Minimum Deposit$50 (20000 Naira)
💳 Deposit OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
💳 Withdrawal OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
📌Open an accountStart Trading with EuroTrader
EuroTrader QuickInfo

About EuroTrader

EuroTrader is a fully licensed and regulated forex broker. They provider an excellent online trading experience and a secure online trading environment.

EuroTrader offers competitive trading conditions. They give traders in Nigeria the opportunity to trade all the best asset classes – including forex and cryptocurrencies – and they give the access to all the top trading platforms. EuroTrader help traders benefit from low minimum deposits, low spreads, and zero commissions. They also offer free educational courses, great tools, and helpful customer service.

Key Benefits

Regulation

Founded in 2018, EuroTrader is licensed by the Cyprus Securities and Exchange Commission (CySEC) and by the Financial Sector Conduct Authority (FSCA).

Trading Instruments

EuroTrader has over 2000+ trading instruments. You can choose from forex, metals , indices, stocks, commodities, and cryptocurrencies.

  • 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: EuroTrader have over 500+ CFD shares including major brands such as Meta, Twitter, and Google. You can also trade Tesla, Amazon, and Apple.
  • Indices: They offer spot trading on many popular indices including the S&P500, the Nasdaq100, the FTSE100, and the Dow Jones 30.
  • Commodities: EuroTrader offers 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.

Account Type

Min Deposit.

Max. Leverage

Spread

Commission

Micro

$50

1:30

1-1.2

$0

Zero

$500

1:30

0-0.3

$2.75 on FX

Hero

$25000

1:30

0-0.3

$2.00 on FX

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.

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.

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 to 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.

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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.

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.

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.

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.

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.

Economic Calendars

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.

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Education

EuroTrader offers free videos 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.

Extra 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.

VPS Services

A VPS service is ideal for forex traders who want more stability and flexibility. This 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 minimize the risk of system downtime due to unexpected power failures, Internet cuts, physical difficulties, and computer shutdowns.

Documents

As part of the registration process, you need to provide EuroTrader with copies of certain documents. These include a proof of ID and a proof of address.

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.

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.

Ready to sign up? Register for an online trading account with EuroTrader here.

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