TradeEU Forex broker review – should you trust them?
Finding a reliable broker is key when starting out trading Forex, cryptos, or stocks. It is extremely difficult to select the right broker from countless available in today’s markets. As in any field, there are some key features you have to consider before picking a broker. The most important feature is safety. Regulations are key when it comes to safety and security of your funds. The second essential aspect is how well the broker’s website is constructed. Their website should be responsive and easy to use. It must contain all crucial information like a list of available trading instruments, spreads, commissions, and fees. Offering a wide range of trading instruments and reliable trading platform is also highly critical.
TradeEU broker
In this review, we are reviewing a relatively young CFD broker TradeEU. They are operating exclusively in European countries, which are approved by the competent authorities of each EU country to provide its services, and Cyprus Securities and Exchange Commission, better known as CySEC, regulates and registered TradeEU under the following license number 405/21. The CFD broker got their license from CySEC in 2021, and have already gain loyal customer base. TradeEU is a trade name of Titanedge Securities Ltd (Corporate name). TradeEU operates in European countries . They offer 250+ trading instruments to their clients. This includes CFDs on the following assets: Forex pairs, Cryptocurrencies, commodities, shares and indices. All major and popular pairs and instruments are available for trading on their MetaTrader 5 platform. Trading is possible from TradeEU website as well, after signing in, traders can buy or sell their preferred trading instruments with only one click. They offer MetaTrader 5 trading platform as the main trading platform. In addition, clients can trade from mobile phones. Just enter the same credentials on the smartphone app as on the desktop one, and that’s it. Desktop and smartphone application credentials are the same for MetaTrader 5. This offers flexibility and simplicity to TradeEU’s clients. Using the same credentials and software on both desktop and mobile devices makes the trading experience better. Customer support is available 24/5 and clients can call or email them. No live chat is available at this point for everybody, only for specific account type users such as Gold and Platinum which can have the assistance of the account managers. We will describe trading account types in greater detail below.
Account types on TradeEU
The broker offers three account types: Silver, Gold, and Platinum accounts.
All three accounts have a lot in common, however, there are also some key differences. Live chat is available for only Gold and Platinum clients, they also offer the assistance of a personal account manager for these accounts. One more difference between account types is spreads, which are the lowest for Platinum accounts, starting from 0.7 pips. The silver account has spread starting at 2.5 pips and gold from 1.3 pips. For the average trader, a Gold account should be sufficient for getting maximum value and support. On the upside, TradeEU allows traders to use hedging and trading robots or Eas (via MetaTrader 5). Hedging is not legal in the United States, but it is available for European clients and since TradeEU is operating mainly on European markets they allow hedging. Hedging is very important for relatively long-term traders to protect their positions against short-term unpredictable movements. In short, hedging is simultaneously buying and selling the same asset. This may seem counter-intuitive at first, but hedging can be very useful in uncertain situations where risk reduction without closing the position is necessary. Many hedge funds and professional traders use hedging as a protective tool against trading risks. One more good thing about TradeEU is that they allow Expert Advisors or trading robots of MetaTrader 5. The EAs, can fully automate trading. Robots don’t sleep or go to vacations, algorithms do not have human emotions, for these very reasons, many traders prefer using algorithms.
It’s also important to mention that the available leverage is 30:1, which protects novice traders from opening oversized positions and blowing up their accounts.
Trading at TradeEU
It is simple to sign up and start trading on TradeEU website. Opening an account requires only a few clicks. TradeEU offers MetaTrader 5 for all its account types. Which is great for multi-asset traders as the MT5 is one of the best Platform for trading various asset classes. Users can use built-in indicators or download from the Meta marketplace. There are plenty of free tools like EAs and indicators available. There are also many paid algorithms, however, note that not all paid robots work properly. Some are out of date and market conditions are way different now, and some have never worked. You should check reviews and do your research before purchasing an EA.
Meta Trader 5 is a professional multi-asset trading platform with advanced features. In addition, they offer a web trading terminal, which is limited in features compared to MetaTrader 5. Both trading platforms can be used from both desktop and mobile devices. The fees are low as generally speaking, , and spreads are starting from 0.7 pips for Platinum accounts, offering great value for traders. There are no inactivity fees charged. There are no commissions for CFDs on Forex, cryptocurrencies, , Commodities, shares and Indices.
TradeEU is using segregated accounts to increase the safety and security of clients’ funds. Segregated accounts guarantees that even if the company goes bankrupt, traders will get their money back. Traders have the ability of applying to the Investor Compensation Fund if their case(s) are satisfied the legal requirements. TradeEU has a negative balance protection (as per the applicable law) in place and implements a 50% Stop Out level throughout all three account types.
The website
It is easy to find any crucial information on TradeEU’s website. Payment methods, account types, fees, FAQs, etc. are available on the TradeEU’s main website. You can find legal documents regarding licensing and more. All legal documents are available in PDF format for download. TradeEU has a dedicated button on the main page solely for essential documents on fees, regulations and other policies.
The CFD broker offers a glossary of Forex and investment terms. They offer analysis and various educational materials for their clients depending on the account type. In addition, there’s an economic calendar available.
Partners
Focusing as much as possible on the excellence of products and services is a great way for every company to establish itself in highly competitive global markets. Emerging brokers are on a constant lookout for new partners. TradeEU is no exception to this universal business rule. Since TradeEU is relatively new on the Forex market scene, they are offering attractive programs for their partners. As for legal documentation, they have a dedicated button for partners as well. Partners and clients come first for the company. “When partners thrive, we thrive too”, is the main slogan for TradeEU. They offer generous compensation for IB and affiliate partners. They offer good compensation, real-time tracking and analysis tools, a full marketing kit, fast and secure payments, real-time performance tracking, and tech customer support for their partners.
