eTrader is a CFD Broker that features on its trading platform CFDs on Forex, commodities, indices and shares. eTrader is a subsidiary company of Goldenburg Group Ltd, a corporation that is licensed in Cyprus by the CySEC. The typical spread is for EUR/USD 3.0 pips*, real trading is possible with the minimum deposit of $100. The eTrader website is available in 10 languages including English, Czech, Russian and Spanish.
What do we cover in our eTrader Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.eTrader.eu
- Leverage: up to 1:30
- Instruments: CFDs – Forex, commodities, indices, shares
- Minimum deposit: $100 (only for credit card payments)
- Demo account: Yes, free of charge (30-day expiry)
- Deposit methods: Wire Transfer, Credit cards (Visa, Maestro), Dotpay
- Withdrawal methods: Wire Transfer
eTrader Trading Platform
eTrader offers to its clients well-known trading – MT5. This trading platform features up to 21-time frames, comprehensive price and market analysis and up to 79 analytical tools. MT5 can be accessed via just a web browser or a mobile application or downloaded (free of charge) to any computer.
As any other CFD broker, eTrader charges a spread fee. For the most current spread charges, please visit the eTrader.eu website. Here is a spread comparison table that contrasts eTrader spreads with popular industry competitors.
*Typical spreads recorded on 26.06.2019 at 17:31 GMT, spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce eTrader .
- Low minimum deposit
- International support
- No e-wallet payments
- A little bit above average spreads
- The minimum withdrawal amount is $250
- No CFDs on cryptocurrencies
To sum up the eTrader Review
eTrader adheres to strict regulatory guidelines of the CySEC. The broker has an attractive minimum deposit, but be aware that it is only for credit card payments. For bank transfers the minimum deposit is set at 250 dollars, not 100. Spreads that the broker charges are a little bit above average for the FX industry.
The number of available CFDs is decent, the broker even features CFDs on some interesting stock titles that are specific to certain countries in the EU. That being said, I am missing CFDs on cryptocurrencies, it would be nice to see at least an option to trade CFD on Bitcoin. What I really don’t like about the broker is that the minimum withdrawal amount is $250 and that one can use only wire transfer for withdrawals.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with eTrader .
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