TradeEU is a Cyprus-based CFD provider offering a range of Trading & investment services through its website & proprietary mobile application. The broker is a relatively new entrant to the financial markets. And as with any possible investment opportunity, it’s natural to be cautious and ask questions about the brokerage’s legitimacy.
In this comprehensive TradeEU Review, we’ll provide an in-depth analysis of the broker’s platform. We will also cover the platform’s features, the regulatory framework in which it operates, and its customer support, among other things.
Through this review of TradeEU, we aim to provide the most up-to-date and relevant information for our readers. We’ll be using reliable sources and conducting thorough research to ensure that our review is fair, transparent and not misleading.
Is TradeEU Legit? Regulatory Compliance
TradeEU is a legitimate brokerage firm, having been regulated and licensed by the Cyprus Securities and Exchange Commission. The firm operates under the CySEC license number 405/21.
At the same time, the company under which TradeEU operates – Titanedge Securities Ltd, is a registered business in Cyprus with no HE411909.
Additionally, the broker has made all the legal documentation exclusively available on its official website, which adds a point of transparency.
Therefore, considering regulatory compliance and licenses, TradeEU can be considered a legit broker. However, it is important for traders to be aware of the potential risks and thoughtfully evaluate their financial situation before engaging in any investment activities.
Safety & Security Features
Safety is another crucial aspect of our detailed TradeEU Review 2023. The brokerage platform claims to use state-of-the-art technology to safeguard clients’ personal data and funds, which include
- Safeguarding data transmission through a combination of robust firewalls and Secure Sockets Layer (SSL) software
- Member of Investor Compensation Fund (ICF)
- Level 1 PCI compliance services
- Trading servers hosted in data centers certified by SAS 70
- Encrypted communication data servers
Pros & Cons
| Pros | Cons |
| Highly Regulated Status | Unavailability of MT4 |
| Advanced MT5 Platform Available | |
| Low Spread & Commission-free Trading | |
| Trader-centric Deposit & Withdrawal Conditions | |
| Implementation Of Robust Security Features |
Tradable Instruments & Markets
TradeEU offers to trade CFD on over 250 instruments which span across almost all major asset classes. It primarily includes:
- Forex
- Cryptocurrencies
- Stocks
- Commodities
- Indices
As CFDs are complex instruments, it is important to understand how CFDs work and whether you can afford to take the high risk of losing your money before getting started with CFD trading.
Fees & Commissions
TradeEU charges specific fees for the transactions done within the platform. The broker’s fee structure is broadly classified into Trading and non-trading fees.
Trading Fee
- The platform has spread charges that are based on the account type and the asset being traded. For instance, it starts from 2.5 pips for a silver account, 1.3 pips for Gold and 0.7 pip for platinum accounts.
- While CFD trades on Forex, Indices, commodities and Crypto are exempted from Commission charges, they are applicable for Stock & ETF trading.
- There is also a currency conversion fee that is applicable when a trader deposits funds in a currency other than the account’s base currency.
Non-Trading Fees
- The broker charges SWAP/rollover fees for positions that remain open overnight.
- The platform also charges an inactivity fee from dormant accounts after 61 days, which can go up to $500 per month, as per Costs and Charges Policy.
Conditions For Deposit & Withdrawal
Deposit
- Payment Options: The platform supports a long list of payment methods, including Credit/Debit cards and bank (wife) transfers.
- Minimum initial Deposit: The broker’s minimum initial deposit requirement is EUR 250.
- Processing Time: The majority of transactions are settled instantly, while some payments may take up to 1-3 business days to reflect in the trader’s account.
Withdrawal
- Payment Options: The platform supports several popular payment methods for withdrawal, including Credit/Debit cards and bank (wire) transfers.
- Processing Time: Most withdrawals are settled within 3 business days.
Maximum Leverage & Margin Requirements
TradeEU provides traders with a facility to trade on leveraged funds. It offers a fixed leverage ratio of 1:30 to all account types.
However, the broker’s leverage offering seems to be slightly lower than the online brokers we have reviewed so far.
Trading Platforms & User-Interface
TradeEU offers a proprietary mobile trading platform alongside an advanced MT5 platform that can be accessed through mobile, tablet and pc.
The user interface of each platform offered seems to be clean and easy to understand, with attractive layouts and drop-down menus. At the same time, each platform features advanced tools & charting options.
Here’s a quick overview of TradeEU trading platforms’ features:
MetaTrader 5 (MT5)
- Accessed through Mobile, PC & tablet
- Technical analysis tools
- Customised Trading conditions
- Stop Loss/Take Profit feature
TradeEU App
- Advanced Trading tools
- Access to the knowledge center
- Portfolio tracking
- Market updates on the go
Range Of Account Types
TradeEU provides three live reading account options to traders: Silver, Gold and Platinum. While a Silver account suits entry-level traders, the most advanced platinum account is more of a thing for professional traders.
Each account type has different trading conditions, including spread, leverage, contract size and minimum deposit requirements. Through our detailed TradeEU review below, we have provided a detailed comparison of each account’s features.
Silver Account
- Minimum initial Deposit – EUR 250
- Account Currency – EUR, USD, GBP
- Average trade execution – Market, Instant
- Average Spread – 2.5 pips EUR/USD
- Commissions – None
- Maximum Leverage – 1:30 on Forex Major Pairs
- Margin Call Percentage – 100%
- Stop-Out Level – 50%
- Access To Islamic Swap-Free Account -No
- Dedicated Account Manager – No
- Instruments Available – All
Gold Account
- Minimum Initial Deposit – EUR 250
- Account Currency – EUR, USD, GBP
- Average trade execution – Market, Instant
- Average Spread – 1.3 pips EUR/USD
- Commissions – None
- Maximum Leverage – 1:30 on Forex Major Pairs
- Margin Call Percentage – 100%
- Stop-Out Level – 50%
- Access To Islamic Swap-Free Account -No
- Dedicated Account Manager – Yes
- Instruments Available – All
Platinum Account
- Minimum Initial Deposit – EUR 250
- Account Currency – EUR, USD, GBP
- Average trade execution – Market, Instant
- Average Spread – 0.7 pips EUR/USD
- Commissions – None
- Maximum Leverage – 1:30 on Forex Major Pairs
- Margin Call Percentage – 100%
- Stop-Out Level – 50%
- Access To Islamic Swap-Free Account -No
- Dedicated Account Manager – Yes
- Instruments Available – All
Educational & Research Support
During this TradeEU Review 2023, we found the broker to be more user-centric to beginners with its comprehensive offering of educational resources.
The broker has a dedicated section for educational resources, stately as Knowledge Center, which includes common FAQs regarding the platform, fees, deposits & withdrawals and regulatory compliance.
It also has a dedicated ‘Glossary’ section which provides a simple and explanatory definition of frequently used trading terms.
However, the broker lacks providing key research tools, which can be counted as the platform’s drawback. It is limited to an Economic calendar and trading hours.
Customer Support
TradeEU extends 24×5 customer support to its clients in multiple languages through phone and email support. Meanwhile, a live chat option is also available for instant issue resolution.
The support team is responsive and accurate with their answers related to the platform’s services. Overall, the customer support services are really appreciable.
Here’s info on TradeEU contact details:
- Phone: +357 252 61 736 (CY), +351 300 090 048 (PT), +43 720 881 165 (AT), +31 523 796 507 (NL), +46 8465 02198 (SE)
- Email: [email protected]
Conclusion
As the evaluation of TradeEU Review 2023 comes to an end, it’s time for the verdict. Considering the broker’s services, trading accounts offering and deposit & withdrawal conditions, TradeEU can be considered a good choice for both beginners & professionals.
Additionally, the broker’s operating licence from a top-tier financial watchdog like CySEC adds to its legitimacy. However, as with any trading platform, it’s important to exercise caution and do your own due diligence.
Moreover, traders should be aware of the risks involved and carefully consider their financial situation before investing.
FAQs
What Is TradeEU?
TradeEU is an online CFD trading platform that provides access to a broad range of financial markets, including Forex, stocks, commodities, indices and cryptocurrencies.
Is TradeEU A Scam?
No, TradeEU is not a scam but a legitimate platform that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
What Is The Minimum Trade Size On TradeEU?
The minimum trade size on TradeEU depends on the asset being traded. For Forex, the minimum trade size is 0.01 lots, and for stocks, it is one share. The minimum trade size for other assets varies.
Does TradeEU Offer Any Educational Resources for Traders?
Yes, TradeEU offers educational resources through its Knowledge Centre section, which includes FAQs and Glossary. These resources cover topics such as trading strategies, market analysis, and risk management.
Does TradeEU Offer A Free Demo Account For Traders To Practice On?
TradeEU provides a demo account that enables traders to practice Trading without risking their capital. This account allows traders to test the platform’s functionalities and practice implementing their trading strategies before committing to real funds. The demo account is an invaluable resource that helps traders to gain confidence in their trading abilities before transitioning to live Trading.
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