In this section we will analyze the EurTrades broker, is a Forex, CFDs and cryptocurrency broker. Is EurTrades really recommended to make an investment? Or is it better not to invest with this company?
We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: does not mention it. Update: Silver Wolf Limited.
As to its location, the broker mentions having base in: does not mention where it is based. Update: Marshall Islands.
If we analyze the regulation of the broker: because EurTrades does not mention absolutely nothing about any regulation, everything indicates that it is a UNREGULATED broker.
If now we go on to analyze account types offered by EurTrades, we note that it offers 3 types of account: the Bronze Account, the Silver Account and the Gold Account.
Bronze account- $ 500 minimum initial deposit, up to 1: 500 leverage, 10% stop out, personal account manager, phone trading.
Silver Account- $ 10.000 minimum initial deposit, up to 1: 400 leverage, 20% stop out, personal account manager, phone trading, fixed spreads.
Gold Account: $ 20.000 minimum initial deposit, up to 1: 300 leverage, 20% stop out, personal account manager, phone trading, variable spreads.
You can see even more features about the EurTrades broker account types (click aqui to see the image in full size) in the following image:
The platforms to operate that EurTrades offers are: MT5.
We will now analyze the different resources and aids for traders that EurTrades provides on its website.
EurTrades provides the following help or resources to traders or interested parties: explanation of the products offered, informative articles on Commodities, CFDs, Forex, Metals and other products available to trade with EurTrades, news about the markets (although in English), calendar economic, educational center (although you have to be a customer to unlock it), not much more than this.
Other information about EurTrades
Some more information in case you want to contact the company, or see its website for yourself.
Phone number+49 800 000 7900
Email: [email protected]
>>> Valuation on EurTrades <<
Ending with this section, in our opinion Do we believe that EurTrades company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be cautious because: they provide very little information about them, they do not mention where they are based, they do not mention absolutely anything about being a regulated company, which indicates that it is an unregulated broker, in addition From this, when looking for other evaluations or opinions about the company, we have not found anything, which would indicate that it is a “new” broker, without any experience.
July 2019 update: The company that manages the EurTrades website, called Silver Wolf Limited, is also run by another broker, called WigMarkets and marked as a financial chiringuito by Spain's financial regulator.
Update August 2019: CONSOB (Italian financial regulator) has issued a warning against EurTrades.
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