EuroTrader Broker Review For Kenya In 2024

EuroTrader Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC, FSCA
💰 Minimum Deposit	$50
💳 Deposit Options	Crypto, VISA, MasterCard, Bank Wire, Ozow, Skrill, Neteller.
💳 Withdrawal Options	Crypto, VISA, MasterCard, Bank Wire, Ozow, Skrill, Neteller.
📌Open an account	Start Trading with EuroTrader

Our Opinion About EuroTrader

EuroTrader was first established in 2018. It is a regulated and fully licensed forex broker. Eurotrader aims to be an inclusive broker and to offer excellent support to new traders. As such, it provides a secure trading environment and excellent trading conditions. It also provides high quality educational resources, helpful trading tools, and excellent customer service.

Regulation

EuroTrader is a brand name, shared by a small group of companies, all in the forex industry and all run by the same people. While this business model might seem complicated at first, it enables EuroTrader to grow their business and to offer online trading services in more countries, including Kenya. As a group, EuroTrader has obtained licences from some of the top regulatory authorities in the world, including CySEC, the FCA, and the FSCA. Here is the full list of licences:

• Eurotrader Group Subsidiary: Eurotrade SA (Pty) Ltd, which is licenced by the Financial Sector Conduct Authority (FSCA) in South Africa, under the licence number K2017223774.
• Eurotrader Group Subsidiary: Eurotrade Investments RGB Ltd, which is licenced by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, under the licence number 279/15. 
• Eurotrader Group Subsidiary: Eurotrade Capital Ltd, which is licenced and monitored by the Financial Conduct Authority (FCA) in the UK, under the licence number 777162.

Client Fund Protection

At EuroTrader, they take the security of their clients’ funds and data very seriously. They have implemented a range of measures to ensure that your trading experience is safe and secure.

• Account Security: All accounts are protected by two-factor authentication, which requires both a username/password combination as well as an additional code sent via SMS or email for extra protection against unauthorized access. Additionally, all account passwords must be reset every 90 days to further protect your account from malicious activity.

• Funds Security: All client funds are held in segregated bank accounts with major banks around the world in order to provide maximum security for our customers’ money at all times. Furthermore, they use advanced encryption technology on all financial transactions conducted through their platform so that you can rest assured knowing that your personal information is always kept safe and secure when trading with them online or over the phone.

• Platform Security: Their platform utilizes state-of-the art encryption technology combined with firewalls designed specifically for forex brokers in order to keep out any potential hackers who may try accessing sensitive customer information stored on the servers without authorization . This ensures complete privacy and confidentiality when using EuroTrader’s services.

EuroTrader: Legit Or Scam?

They are a legit forex broker. EuroTrader is an experienced and reputable provider with a wide range of trading instruments, competitive spreads, and reliable customer service. They offer access to the world’s largest financial markets with low fees and tight spreads. Additionally, they provide advanced charting tools for technical analysis as well as educational resources to help traders stay informed about the latest market developments.

EuroTrader Trading Assets

EuroTrader offers over 2000+ trading instruments. You can trade forex, metals , indices, stocks, commodities, and cryptocurrencies.

Trading Instruments

• Forex: They provide access to 50+ forex trading instruments including major, minor, and exotic currency pairs. You can trade EURUSD, USDJPY, GBPUSD, and more.
• Shares: They provide access to over 500+ CFD shares including major brands such as Meta, Twitter, Microsoft, and Google. You can also trade Tesla, Amazon, and Apple.
• Indices: They allow spot trading on many popular CFD indices including the S&P500, the Nasdaq100, the FTSE100, and the Dow Jones 30.
• Commodities: They allow spot trading on gold, silver, and copper. They also allow trading on other instruments such as Brent Oil, WTI Crude, natural gas, wheat, and soybean.
• Cryptocurrencies: They provide access to many popular cryptocurrencies including Bitcoin, Litecoin, Ethereum, and BitcoinCash.

EuroTrader Account Types

There are currently three account types available – the Micro Account, the Zero Account, and the Hero Account. All of the accounts come with low commissions and tight spreads.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Micro	From 1.2 pips	$50	1:30	$0
Zero	From 0.3 pips	$500	1:30	$2.75 per lot
Hero	From 0.3 pips	$25,000	1:30	$2.00 per lot

Live Accounts

As part of our EuroTrader broker review, we checked what their live trading accounts are like. In our opinion, their best account is the Zero Account. This is their low-cost trading account and it is a great choice for new forex traders in Kenya. 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.

Demo Accounts

The EuroTrader demo account is great trading tool and very helpful for beginners who need more time to practise their forex trading. There are no fees or minimum deposits You can use the demo account to trade with virtual money – rather than real money – in a risk-free environment. It comes with similar trading conditions to the Zero account – with tight spreads and standard leverage. It is also worth noting that the demo account is available on both MT4 and MT5

Leverage

At Eurotrader, the maximum leverage offered on currency trades is 1:30. It’s important to note however that while leveraged trading does offer increased potential returns due its higher risk profile; it also carries greater risks as well and should only be used by experienced investors who understand how leveraged trading works and are comfortable taking on additional risk when investing their funds in financial markets.

Commission & Spreads

Eurotrader is a popular forex broker that offers competitive fees and commissions on its trading services. The fees vary depending on the type of account you open, but generally they are very reasonable. For example, you can get commission free trading on the Micro account, which enables you to keep your trading costs very low.

Islamic Swap-Free Accounts

All of the EuroTrader accounts are available as Islamic Accounts. You can choose this option when opening your online trading account.

EuroTrader Bonuses

Eurotrader has a great forex bonus. You can get 111% on top of your deposit – up to $20,000. It is available via MT4 and MT5, and the Eurosocial Trading Platforms. It is based on the volume traded on Forex and Metals. T&Cs apply.

EuroTrader Registration – How To Open An Account

As part of our EuroTrader broker review, we looked at their online registration process. If you live in Kenya, then you are eligible to open a EuroTrader account. Their account registration process is quick and easy. To start, visit their website, complete the online form, and choose your login details. This is so that EuroTrader can start creating your account. Next, take a quick online test. This is so that they can find out much you already know about online trading. Lastly, complete the account verification process, submit copies of the requested documents, and select your account type.

EuroTrader Registration – How To Verify An Account

As part of our EuroTarder broker review, we also looked at their account verification process. To verify your trading account, you’ll need to provide EuroTrader with a proof of ID and a proof of address. This is so that they can check your identity and complete their regulatory checks. The EuroTrader account verification process is fairly simple. You can send copies of your National ID card, Passport or Driving License. You can also provide copies of a utility bill or a bank statement registered in your name. After they have checked the files, they will activate your account and you can start trading.

EuroTrader Payment Methods

As part of our EuroTrader broker review, we looked at what payment options are available. They offer a nice choice of payment methods. You can choose from a good range of traditional payment options, as well as popular e-wallets. They also offer fast transaction times and low transaction fees, which can make funding your account and withdrawing money much easier.

Deposits & Withdrawals

EuroTrader offers many convenient deposit methods. You can deposit money in your account using debit cards, credit cards, or wire transfer. You can also try other deposit options such as Ozow, Skrill, Neteller, or cryptocurrency. To keep things simple, EuroTrader also offers similar withdrawal methods. You can take money out using all of these withdrawal options.

Trading Platforms

EuroTrader offers two of the top online trading platforms – MetaTrader 4 and MetaTrader5. You can trade on any device you want including desktop, web browser, and mobile.

MetaTrader4 (MT4) is a great option for beginner traders. It has a simple layout and comes with many easy-to-use trading tools. You can use it to access many 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 (MT5) is a great option for intermediate traders. You can use it to get fast, reliable trading on many different financial markets. It has a modern design and many handy trading features. It also has a wide selection of t tools including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly better functionality than MetaTrader4.

Trading Tools

EuroTrader offers some great trading tools. It has many free calculators including a pip calculator, a margin calculator, a P&L calculator, and a risk calculator. It also has a free economic calendar and a free cryptocurrency calendar. For more advanced traders, EuroTrader also offers VPS services.

Forex Education

EuroTrader has free online trading courses. The courses consist of small, easy-to-learn topics. They are great for beginners traders looking to master basic concepts and improve their forex trading skills.

They also have a suite of beginner trading videos. Their trading videos cover all the basic forex terminology including chart types, pips, margin, and leverage. They also show you how to make your first forex trade. Meanwhile, their market analysis videos cover all the major economic indicators that you need to know. And finally, their technical analysis videos cover trend lines, support and resistance levels, and major patterns.

In addition to their free forex trading courses, EuroTrader also offers many other useful educational resources. For example, you can get free access to eBooks, articles, guides, and market news.

EuroTrader Customer Support

At EuroTrader, they understand that customer support is a key factor in providing their clients with the best possible trading experience. That’s why they offer comprehensive customer service and technical support services to ensure you get the most out of your gorex trading journey. You can contact their customer support team via email, phone, and live chat. Their team speaks English, Arabic, Spanish, Chinese, Italian, Greek, and Portuguese.

Our Verdict

Eurotrader is a leading online forex broker that provides traders with access to the global foreign exchange market. With many years of experience in the industry, EuroTrader offers competitive spreads and low commissions on all major currency pairs. The company also provides advanced trading tools such as charting software, automated trading systems and more.

At EuroTrader, you can trade currencies from around the world including EUR/USD, GBP/USD and USD/JPY among others. You can also take advantage of their free demo account which allows you to practice your skills before investing real money into live trades. Additionally they offer 24-hour customer support so that any questions or concerns are addressed quickly and efficiently by knowledgeable staff members who understand your needs as a trader.

EuroTrader Forex Broker Review FAQ

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