If you’re considering trading with TradeEU in 2023, it’s essential to understand its key aspects and features before making any decisions. Well! Our thorough TradeEU review aims to provide you with an in-depth look into the broker’s services, enabling you to gain a complete understanding of what it’s like to trade with it in 2023.
Alongside this, we will also outline ten key aspects to consider before trading with the platform. From its regulatory status to its customer support services, we’ll cover everything that helps you in making a more informed decision about whether TradeEU is the optimal platform to meet your trading requirements.
10 Key Aspects To Consider Before Trading With TradeEU in 2023
Regulatory Oversight & Licenses
Stringent regulations are essential to ensure the safety of your funds and the integrity of the trading platform. TradeEU is a legitimate and worthtrusty CFD broker. In addition, the Company has a CySEC license (405/21) and offers negative balance protection, segregated clients funds, and it is a member of the Investor Compensation Funds.
Let us tell you that CySEC is Cyprus’ competent authority, which is responsible for oversight & directing the trading activities in the European region. TradeEU’s CySEC license ensures the broker operates with utmost transparency and fairness.
Range Of Assets Available
Another key consideration is the range of assets available for trading on TradeEU. So, there are over 250 trading instruments available across the major financial asset classes, including forex, commodities, shares, indices, and cryptocurrencies.
However, all these instruments can be traded through CFDs only.
The range of assets available on TradeEU includes the following:
- Forex – such as EUR/USD, USD/JPY, GBP/USD, AUD/USD, EUR/GBP, EUR/JPY & USD/CHF
- Indices – such FTSE, NK & CAC
- Commodities – such BRNT, CL & NGAS
- Metals – such Copper, Platinum Futures, XAG/USD & XAU/USD
- Cryptocurrencies – such BTC/USD, ETH/USD, LTC/USD & XRP/USD
- Stocks – such Facebook, Apple, Microsoft, Netflix, Google, CGC & Alibaba
Trading & Non-Trading Fees
Trading cost is probably the second most crucial factor to consider after regulation. And in this case, there is nothing wrong in terming TradeEU as a low-cost broker in relation to other CFD brokers.
Firstly, there are no commissions for most of the trading assets, except stock. Additionally, the Spread charges are also nominal, which actually depends on account type. For instance, the starting spread for Silver Account is 2.5 pips, which decreases to 1.8 pips for the Gold account and 0.7 pips for the platinum account.
Meanwhile, you should consider some non-trading fees, i.e., inactivities fees start from 61st day of non-trading.
TradeEU offers a good selection of account types to suit the trading needs of different traders, including both beginners and experienced traders.
The account types range from the basic account to the professional account: Silver, Gold and Platinum Account.
Each progressive account tier has additional features, such as access to exclusive educational resources and a personal account manager. However, traders must consider their trading goals and experience level before selecting an account type.
Notably, the broker also offers a free demo account option, allowing users to place risk-free trades with virtual funds. And for Muslim traders, there is a SWAP-free Islamic account option.
Supported Trading Platforms
The broker offers both MetaTrader 5 and a proprietary TradeEU mobile app as trading platforms for their clients. MetaTrader 5 provides one-click access to a wide range of features and services in real time.
The platform’s user-friendly interface makes it easy for beginners and professional traders to navigate and access critical trading information. The platform’s customisation options also allow traders to tailor it to their unique needs.
On the other hand, the TradeEU mobile app is also a convenient option for traders. The app provides traders with access to real-time market prices and the ability to place trades from anywhere. In addition, its features, including watch lists, real-time charting tools, push notifications, and news updates, make it a useful tool for traders.
The leverage offering of TradeEU is something the broker needs improvement in. Due to regulatory restrictions, the broker offers a fixed leverage ratio of up to 1:30. As leveraged trading offers the potential for significant profits, traders should not ignore the risks associated with it.
Conditions For Deposits & Withdrawals
Traders must also consider the conditions for deposits and withdrawals when trading with TradeEU. Here are quick insights into the platform’s deposit & withdrawal conditions:
- Payment Methods: Credit/Debit Card, Wire Transfer
- Minimum Initial Deposit: EUR 250
- Processing Time: Instant or 1-3 business days (depends to the payment method)
- Payment Methods: Credit/Debit Card, Wire Transfer
- Processing Time: Until 3 business days
- Withdrawal Fees: N/A
It is important to note that TradeEU does not charge any fee for deposits or withdrawals. However, specific payment methods may have additional fees or restrictions that traders should be aware of before making a transaction.
TradeEU provides a good array of educational resources through its dedicated knowledge centre, which provides access to frequently asked questions (FAQs) and a glossary of key trading terms and concepts.
This allows traders to improve their understanding of the markets, gain insights into trading strategies, and keep themselves up-to-date with the latest market trends.
One of the research tools provided by TradeEU is the Rollover Data Information, which can help traders make informed decisions about the cost of holding a position overnight.
Another important research tool available is the Economic Calendar, which provides traders with important updates on economic events.
Customer Support Services
Finally, traders must consider the level of customer support offered before signing up with the broker. TradeEU provides round-the-clock customer support through phone (+357 25263479, +351 300 090048, +43 720881165, +351 523796507, +46 846502198) and email ([email protected]) for traders. In addition, Live chat and phone support are available in multiple languages.
Based on the TradeEU Review 2023, it seems that TradeEU is a legit and safe broker offering a range of trading assets with low trading fees. Furthermore, the broker is compliance with CySEC and ESMA regulations and can ensure robust fund & data safety.
However, the leverage offering of TradeEU needs improvement. Overall, traders should consider these key aspects carefully before signing up for TradeEU.
How Does TradeEU Work?
TradeEU offers an online trading platform that allows traders to access the financial markets and trade various assets, including forex, stocks, commodities, and cryptocurrencies.
What Is TradeEU Minimum Deposit?
The minimum initial deposit required to open a new live trading account on TradeEU is EUR 250.
Is TradeEU Scam?
There is no evidence to suggest that TradeEU is a scam. The platform is authorised by the Cyprus Securities and Exchange Commission (CySEC), a respected regulatory body in the financial industry. The platform also uses advanced security measures to protect its users’ data and funds.
What Does TradeEU Offefrs?
TradeEU offers traders access to a wide range of financial markets, including forex, stocks, indicies commodities, and cryptocurrencies. In addition, the platform provides users with useful trading tools and features, including real-time market data, analysis, and charting tools, as well as access to a variety of educational resources.
What Trading Tools Does TradeEU Offer?
TradeEU offers a range of trading tools, including real-time market data, analysis, and charting tools, as well as access to a variety of trading indicators and signals.