TradeEU Review - What to Expect From the Broker
TradeEU is an online trading platform that offers a wide range of financial instruments. This broker launched its services in 2022 and is under the regulation of the CySEC in Cyprus. The broker offers its own trading platform for traders to use while trading. Further, the broker promises traders a rich educational experience to help them enhance their decision-making skills.
In this TradeEU review, we are going to look at the offerings this broker has for its traders. Particularly, we will look at its regulatory status, trading fees, trading assets available, and other trading conditions. Let's jump in.
|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 TradeEU
- Website Address: www.tradeeu.com
- Instruments: CFDs on forex, stocks, cryptocurrencies, commodities, and metals.
- Minimum deposit: 250 EUR
- Demo account: Yes.
- Trading Platforms: TradeEU Trader.
- Methods of deposit and withdrawal: Wire transfer, Credit/Debit cards, Skrill, Multibanko, and Neteller.
TradeEU Trading Platform
The trading platform that a trader uses to place orders may make or break their experience. TradeEU offers a platform that suits all kinds of traders. The company delivers The MT5 platform that is intuitive enough for both beginners and seasoned traders. It is web-based which means that no installation is required. Additionally, the broker offers a mobile app for mobile users. That’s not all, the broker also promises plenty of handy tools to help traders make important trading decisions.
Further, the broker promises reliable customer support to assist traders with any questions they may have about the trading platform. Additionally, the broker aims to help traders define the trading goals, build a strategy, and stay up-to-date. It provides traders with updates about assets, risks, strategies, and market news all via the TradeEU trading platform. Better yet, traders can use EAs to automate their trading.
Assets Available On TradeEU
TradeEU allows traders to invest in a variety of global markets on the same broker site. The company allows clients to trade more than 250 CFDs on various market products. Here is a review of the market products provided by TradeEU:
- Forex – The broker hosts a comprehensive selection of currency pairs for CFD forex trading. This includes majors, minors, and some exotics. Some of the pairs available for trading on this broker site include EURUSD, CADCHF, JPYUSD, EURGBP, and AUDCHF, among others.
- Commodities - This broker also allows traders to invest in CFDs in some select commodities including some crude oil and natural gas.
- Metals- In this category, traders can invest in CFDs on gold, silver, platinum, and more.
- Cryptocurrencies - This asset class provides traders with a variety of CFDs on cryptocurrencies to trade. These include Bitcoin, Ethereum, and Litecoin, among others.
- Stocks - The CFDs on stocks of some popular companies are available for traders to buy and sell. Clients can trade CFDs on stocks of companies like Facebook, Apple, Microsoft, Google, Alibaba, and others.
TradeEU Fees and Spreads
The spreads that traders pay on TradeEU depend on the account that a trader is on. On this broker site, there are three main trading accounts to choose from. These include the Silver, the Gold, and the Platinum account. The Silver account gives traders access to all the assets offered by the broker. Looking at the spreads, they start from as low as 2.6 pips for major currencies with no commissions required.
The Gold account offers even lower spreads to traders. Here, the spreads start from as low as 1.3 pips for major currencies with no commission required. The account also allows traders to invest in all markets offered by the broker. Finally, the Platinum account offers the lowest spreads on this broker site. On this account, traders enjoy spreads that start from as low as 0.7 pips with no commissions required.
In addition to spreads, traders should also be aware of other fees that may apply. In this case, traders pay swap fees for positions held overnight. All three accounts require traders to pay this fee. The fee charged will depend on the account a trader is on and the asset they are trading. Further, the broker charges an inactivity fee on accounts that go dormant for more than 60 days. On a positive note, TradeEU is transparent about its fee structure. Users can find detailed information on the official website or by contacting customer support.
Leverage and Margin Requirements
Leverage is a double-edged sword in trading. While it can amplify profits, it also increases the risk of significant losses. TradeEU provides leverage on various instruments, and the levels may vary based on the asset class. In any case, the maximum leverage traders can enjoy on this broker site is 1:30 in line with regulatory laws in the EU. Nonetheless, traders should be aware of the risks associated with leverage and use it judiciously.
Margin requirements are another critical factor to consider. The margin is the amount of money required to open a leveraged position. TradeEU specifies margin requirements for each instrument. Traders must ensure they have sufficient funds in their accounts to cover the required margin.
TradeEU Demo Account
To ease entry into the trading sphere, TradeEU offers its traders a demo account. This provides users with a risk-free environment to practice and refine their trading skills. TradeEU's demo account is designed for traders of all levels. It offers a simulated trading environment that mirrors the conditions of live trading without the associated risks. To get started, users need to sign up for a demo account on the TradeEU platform by providing basic information.
Upon successful registration, users are granted a virtual fund. This fund can be used to execute trades across various financial instruments. This simulated capital allows users to experience the dynamics of the market without using real money. Nonetheless, traders should understand that this is simply a virtual environment. Certainly, demo trading can help users understand the mechanics of trading. Nevertheless, it may not fully replicate the emotional aspects of live trading. Traders should be aware that the psychological impact of real losses and gains can be different.
One of the first aspects any trader should investigate when considering a new broker is its regulatory status. Note that regulations alone are never enough. A broker still has to deliver quality services within the rules of law. Luckily, TradeEU is under the regulation of one of the top regulatory watchdogs in the world. The broker is subject to the regulation and supervision of the CySEC in Cyprus under license number 405/21.
But to fully determine the credibility of a company, we also have to look at what customers are saying online. Notably, there are not many reviews about this company. However, from the few reviews on Trustpilot, we can see a positive sentiment. The company has a rating of 3.2 stars out of 5. Most of the reviews are positive.
TradeEU Education and Customer Support
For traders looking to enhance their knowledge and skills, educational resources play a vital role. TradeEU offers educational materials that mainly consist of written guides. These resources cover topics ranging from basic trading concepts to advanced strategies. Consequently, it provides valuable insights for traders at all levels. The importance of such educational material cannot be understated.
Customer support is also very crucial in a company that safeguards client’s money. Traders want to know that they can reach the company in case they have any issues. Luckily, TradeEU provides traders with various ways to contact the support team. The company has five different numbers from five different regions. The main line is for the Cyprus-based office, +357 25261736. The four other numbers are for Portugal, Austria, Netherlands, and Sweden. Additionally, traders can also reach the customer support team by sending an email via [email protected].
Fund safety is a huge concern in the online trading. Traders want to know that the broker of their choice has in place measures to mitigate any attempts of theft or hacking attacks. There are two notable features of TradeEU that we have to highlight. For starters, the CySEC’s regulations require the broker to have segregated accounts. This means that the broker must hold client funds in a different account than the company’s operational fund. This protects the traders’ money in the case where the company suffers from financial hardships.
Additionally, TradeEU employs advanced security protocols to safeguard user data and funds. The platform utilizes Secure Socket Layer (SSL) encryption to secure communication and transactions. It helps guard the trading site from certain attacks like phishing attacks. As such, it protects sensitive information from unauthorized access. This level of security is a characteristic of top-quality brokers looking to protect the money and data of their traders. While there are no guarantees, it is good to know the broker has in place these measures to protect their clients’s interests.
- Regulation - TradeEU is regulated by CySEC. This instils confidence in the platform's commitment to regulatory standards.
- User-Friendly Platform - The trading platform is intuitive and suitable for traders of all experience levels.
- Diverse Asset Offering - TradeEU provides a wide range of financial instruments. This allows traders to diversify their portfolios.
- Educational Resources - The broker offers a variety of educational materials to help traders enhance their skills and knowledge.
- Customer Support - Responsive customer support is available through multiple channels, ensuring assistance when needed.
- Limited Research Tools - Some traders may find the research and analysis features less extensive compared to other platforms.
- Limited Cryptocurrency Options - TradeEU covers major cryptocurrencies. However, the selection may be limited compared to dedicated cryptocurrency exchanges.
- Inactivity Fee - Traders should be aware of the inactivity fee, which is charged when an account is dormant for over 60 days.
TradeEU presents itself as a competitive and reliable online trading platform. It caters to a diverse audience of traders. There are various features that make this broker stand out. These include its user-friendly interface, diverse asset offerings, and commitment to regulatory standards. Traders considering TradeEU should carefully evaluate their individual needs, trading preferences, and risk tolerance. While the broker offers a range of features and benefits, it's crucial to be aware of the potential risks associated with trading and to use the platform responsibly.
It is important for traders to conduct thorough research before investing. They should ensure to stay informed about market conditions, and, if necessary, seek advice from financial professionals. In conclusion, TradeEU appears to be a promising option for traders seeking a comprehensive and accessible trading experience in the global financial markets.