Overview of European Trade
European Trade is a global CFD broker offering a versatile platform for trading forex, cryptocurrencies, indices, commodities, and stocks. Clients access diverse markets through the powerful cTrader platform, ensuring flexibility and convenience in their trading activities. Additionally, various payment methods are available for easy entry into the financial markets.
Notably, European Trade provides trading robots specifically designed for the forex market, offering clients the option to automate their trading positions. This feature caters to both experienced traders seeking advanced automation tools and beginners looking for simplified trading solutions. Through the platform, clients enjoy full access to their accounts and investments, with support for fiat and cryptocurrency deposits.
Is European Trade legit or a scam？
European Trade is registered in the United Kingdom, however, it lacks regulation by any reputable financial authority. It's crucial to understand that trading with an unregulated broker carries significant risks, as there is no oversight by a regulatory body to ensure fair practices and protect clients' funds. Traders should conduct thorough research and due diligence before considering opening an account with an unregulated broker.
Pros and Cons
Market Intruments
European Trade offers a diverse range of market instruments for traders to access various financial markets and capitalize on trading opportunities. These market instruments include:
Foreign Exchange (Forex): European Trade provides access to the forex market, the largest financial market globally, with a daily trading volume exceeding 6 trillion dollars. Traders can execute forex trades with spreads close to 0 and an execution speed of 10ms.
Cryptocurrencies: Traders can participate in cryptocurrency trading, taking advantage of the price volatility of cryptocurrencies to potentially make significant profits. European Trade offers cryptocurrency CFD trading, allowing traders to trade with leverage and access a wide range of cryptocurrencies 24/7.
Stocks (Shares): European Trade enables traders to trade shares of companies, representing ownership in those companies. Stocks can be traded as Contracts for Difference (CFDs), providing traders with an alternative to physically owning the underlying asset.
Precious Metals: Traders can trade precious metals such as gold (XAU/USD), physical silver (XAG/USD), and copper (CUC/USD) through European Trade's cTrader account. These metals offer opportunities for short or long-term trades.
Stock Indices: European Trade enables trading in stock indices, providing access to a basket of stocks representing specific markets or industries. Traders can speculate on the future price direction of stock indices, leveraging their analysis of market trends and economic events.
Energies: European Trade facilitates the trading of energy contracts, including oil, natural gas, coal, and renewable energies. This market is influenced by global supply and demand dynamics, geopolitical events, weather conditions, and technological advancements.
Contracts for Difference (CFDs): European Trade educates traders about CFD trading principles and the concept of leverage, allowing traders to speculate on the price movements of various financial instruments without owning the underlying asset.
Account Types
The STANDARD Account and ECN Account are two types of trading accounts offered by European Trade. The STANDARD Account is suitable for both demo and real trading and features zero commissions, spreads starting from 0.7, a minimum deposit requirement of 200€, micro lot trading with a size of 0.01, leverage of up to 1:200, and allows scalping.
On the other hand, the ECN Account also supports demo and real trading but charges commissions of 6$/lot, offers zero spreads, requires a minimum deposit of 200€, supports micro lot trading with a size of 0.01, provides leverage of up to 1:200, and allows scalping.
Both account types offer access to a variety of markets, including Forex, Commodities, Index, Cryptos, Energy, and Stocks, and are available on the cTrader platform.
How to open an account？
To open an account with European Trade, follow these steps:
Visit the Website: Go to the European Trade website to begin the account opening process.
Registration: Click on the “Sign Up” or “Register” button on the website to start the registration process.
Fill Out Information: Provide the required personal information, including your name, email address, phone number, and country of residence.
Choose Account Type: Select the type of trading account you wish to open, such as Standard, ECN, or VIP, based on your trading preferences and experience level.
Verify Identity: Complete the identity verification process by submitting the necessary documents, such as a government-issued ID and proof of address.
Deposit Funds: Once your account is verified, deposit funds into your trading account using one of the available payment methods, such as bank transfer, credit/debit card, or electronic wallets.
Start Trading: After funding your account, you can start trading by accessing the trading platform provided by European Trade and executing your desired trades.
Leverage
European Trade provides traders with flexible leverage options, allowing for a maximum leverage of 1:500.
Spreads & Commissions
For European Trade's STANDARD account, there are no commissions charged, and the spreads are 0.7 pips. On the other hand,
for the ECN account, there is a commission of $6 per lot traded, and the spreads are 0.
Trading Platform
European Trade provides the cTrader trading platform, renowned for its advanced features and user-friendly interface, catering to traders of all levels.Traders can access a wide range of financial instruments, including Forex, commodities, indices, cryptocurrencies, energy, and stocks, with real-time market data and customizable charting tools.
The cTrader platform is available on multiple devices, including desktop computers, web browsers, and mobile devices, offering flexibility and convenience for traders on the go.
It's compatible with both iOS and Android devices, ensuring traders can access their accounts and trade anytime, anywhere.
Deposit & Withdrawal
European Trade provides deposit and withdrawal options for its users, ensuring flexibility and simplicity in managing funds. Clients can deposit a minimum of 25€, with low deposit fees and various currency options available for transactions. The processing time for deposits and withdrawals ranges from 0 to 3 days, allowing for quick access to funds.
Users have access to multiple deposit and withdrawal methods, including popular cryptocurrencies like USDT, USDC, BTC, ETH, and BNB. Each cryptocurrency option offers quick processing times, ranging from 0 to 30 minutes for stablecoins like USDT and USDC, and 0 to 5 minutes for cryptocurrencies like BTC, ETH, and BNB. Additionally, exchanges between EUR and USD are supported for all cryptocurrency transactions, with a fee of 0.8% applied to each transaction.
Customer Support
For inquiries and support, you can contact European Trade via email at info@european-trade.com. Our dedicated team is available to assist you with any questions or concerns you may have regarding our services, trading platforms, or account management. Feel free to reach out to us, and we will respond to your email promptly.
Stay updated with the latest news and updates from European Trade by following our social media accounts. Connect with us on platforms such as Twitter, Facebook, LinkedIn, and Instagram to receive real-time updates, market insights, trading tips, and promotional offers. Join our social media community today to stay informed and engaged with European Trade.
Conclusion
European Trade opens up a world of opportunities for traders with a wide array of market instruments and some cool automation features. However, there's a catch. The company isn't overseen by a recognized regulatory authority. That could be a bit of a gamble for traders, so it's key to tread carefully there. Even though they have educational guides and a pretty responsive customer service team to help traders along the way, it's still crucial to do your own homework before jumping on board.
FAQs
Q: Is European Trade regulated by any financial authority？
A: European Trade is not regulated by any reputable financial authority.
Q: What trading instruments are available on European Trade？
A: European Trade offers a variety of trading instruments including Forex, Cryptocurrencies, Indices, Commodities, and Stocks.
Q: What is the maximum leverage offered by European Trade？
A: European Trade offers a maximum leverage of up to 1:500.
Q: What trading platforms does European Trade offer？
A: European Trade provides access to the cTrader platform for trading.
2024-07-09 19:00
2024-06-27 15:37
