Review of TradeEU – what can this broker offer?
There is a large pool of CFD and Forex brokers to choose from, however, not all of them can be trusted. The main indication of broker’s trustworthiness is how well it’s regulated. In the following review will discuss the safety and security of TradeEU multi asset broker, account types, tradable instruments and more. Our goal is to provide you with essential information so that it will be easier for you to pick your own broker.
Reviewing TradeEU regulatory framework
There are various factors that can indicate whether the broker is trustworthy or not. First and foremost is how it’s regulated. Secondly, it’s important to point out the policies the broker follows and how it guarantees safety of traders’ funds.
TradeEU is authorized and regulated by a well-trusted regulatory body, CySEC. CySEC is an acronym for the Cyprus Securities and Exchange Commission. The regulator is widely known among European investors and market speculators. TradeEU is a fairly new company. The broker acquired operating license in 2021 from the CySEC. Since then, TradeEU has managed to grow in popularity among traders by offering various assets, high security, best trading platform and attractive fee structure.
TradeEU keeps clients’ funds in segregated trading accounts. This adds to the safety and security of the clients’ deposits. Most low trust companies mix client and company funds and in an event of bankruptcy, traders lose everything. In the case of TradeEU, you as a trader are guaranteed that your funds are safe,
In addition, TradeEU implements 50% Stop Out levels on all three account types, as the regulator requires. The stop out automatically closes trades to minimize potential losses and to prevent balances from going negative. TradeEU guards traders by not allowing its traders to lose more money than what’s on the trading balance. Even if your balance goes negative, which is highly unlikely, you can contact the broker’s customer service, and they’ll turn the balance back to 0.
Trading accounts of TradeEU
TradeEU offers 3 account types: Silver, Gold and Platinum. Each account types have its own features. TradeEU makes sure that it meets the requirements of both: professional and novice traders.
On all three account types, the account currency is Euro. There’s 50% stop out level and MetaTrader 5 as a main platform. Customer support is available 24/5 and there are no commissions charged for support. More than 250 instruments are available across all three account types. And the maximum leverage is up to 30:1 for retail investors. The leverage offered is low compared to what other brokers are providing. However, it’s worth mentioning that low leverage is preferred for trading. by beginner traders because they can easily blow up their trading account by opening oversized orders
A retail investor can become a professional client in TradeEU, offering a higher leverage of 200:1, as long as the client meets some criteria.
There are many other similarities among the accounts: they all allow hedging, Expert Advisors EAs, mobile and web trading, and 0.01 minimum volume size.
Now, let’s take a look at the differences:
Silver account – Spreads start from 2.5 pips. No account manager. This account is for beginner traders.
Gold account – Spreads start from as low as 1.3 pips. Account manager is available. The gold account is for more seasoned traders.
Platinum account – Spreads are super tight and start from as low as 0.7 pips. The account type is for seasoned traders.
TradeEU trading Platforms
TradeEU offers MetaTrader 5 for trading. The platform is an industry leader when it comes to trading multiple asset classes. The platform’s design hasn’t changed much since 2010 and therefore, for many it might look outdated, but MT5 remains highly demanded due to its reliability.
The MT5 supports automated trading using trading algorithms referred to as Expert Advisors (EAs). The EAs are accessible via Meta Market. In addition, you can learn to code and develop your own trading robots based on your own ideas. There are free and paid EAs. Be noted that when making a purchase, it’s essential that you do your research first, as many algorithms are invalid. Market conditions change over time, and robots that worked in the past may not produce balance growth in the future.
Trading is also available using an online terminal and mobile app. Online terminal is convenient for logging in from various devices without the need for installation, however, it’s recommended that you use MetaTrader 5 as your main platform.
Mobile trading is also highly convenient. It keeps traders close to markets from anywhere in the world. Mobile app works as an assisting tool for the main platform. For instance, let’s say you forgot to place a stop loss order, you can use your mobile to close or place the SL. In addition, mobile trading comes handy in an emergency situation such as power outage, loss of internet connection on your PC or other technical issue.
TradeEU trading instruments
TradeEU provides access to more than 250 instruments including: CFDs on Forex, Indices, Commodities, Cryptocurrencies and stocks.
CFDs enable you to go long or short and benefit from the market going any direction. Real assets such as stocks and physical metals can be profitable if you buy low and sell when the price is high. Since CFDs (Contract For Difference) are not real ownership and represent a contract between buyers and sellers, they can be traded with potential success in both bullish and bear markets.
With TradeEU you can trade:
- Major pairs (EUR/USD, GBP/USD, USD/JPY, etc.)
- Minor pairs (GBP/EUR, EUR/CAD, etc.)
- Exotic pairs (USD/NOK, USD/SEK, etc.)
To sum everything up, TradeEU is a well regulated broker that is authorized by the Cyprus Securities and Exchange Commission (CySEC). TradeEU offers segregated accounts and a 50% stop out avoiding negative balance. Traders have access to more than 250 assets including: CFDs Forex, Indices, Commodities, Cryptocurrencies and stocks on MetaTrader 5 platform. The broker provides user-friendly webpage, various account types and enables hedging. Trading fees are transparent and reasonable. The platinum account holders get the best spreads starting from as low as 0.7 pips. On Silver account spreads start from 2.5 pips, and on Gold spread markups are 1.3 pips.