Are you interested in trading crypto and stocks online? You may have come across TradeEU, an online broker promising high rewards and low fees. But is TradeEU legit and can you really trust them with your money?
From funding your account to making withdrawals, this in-depth review will tell you everything you need to know before signing up with TradeEU. By the end of this, you’ll know if TradeEU measures up or is just another scam.
Overview of TradeEU
TradeEU is a comprehensive trade agreement formed by the European Union (EU) with several countries and regions around the world. It aims to facilitate international trade by eliminating or reducing tariffs, enhancing regulatory cooperation, and promoting economic integration. TradeEU encompasses a wide range of sectors, including goods, services, investment, and intellectual property.
Key objectives of TradeEU include boosting economic growth, job creation, and increasing market access for businesses. The agreement promotes sustainable development and environmental protection by incorporating provisions on labor rights and environmental standards. It also includes mechanisms for dispute resolution to ensure fair trade practices.
TradeEU reflects the EU’s commitment to open, rules-based international trade and serves as a blueprint for cooperation in an increasingly interconnected global economy. It fosters economic stability and opportunities for businesses, making it a crucial tool for advancing international commerce.
Regulation and Security of TradeEU
When it comes to regulation and security, TradeEU ticks all the boxes. TradeEU is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures the platform operates according to strict financial regulations. Your money and data are in safe hands.
TradeEU uses advanced encryptions and two-factor authentication to protect user accounts and funds. Your personal information and transactions are kept private using the same security major banks employ.
Overall, TradeEU is a secure and regulated platform where your money and information are in safe, responsible hands. You can feel at ease using their services and focus on your trading.
What You Can Trade on TradeEU
TradeEU offers a wide range of assets for you to trade. Whether you’re a novice trader looking to get started or an experienced pro, TradeEU has options for everyone.
- Stocks: TradeEU allows you to buy and sell stocks of major companies from the US, Canada, UK, EU, Australia, and Japan. This includes tech giants like Apple and Amazon, as well as companies from a variety of industries.
- Forex: TradeEU offers access to the foreign exchange (forex) market, which is the largest financial market in the world. You can trade major, minor, and exotic currency pairs like EUR/USD, GBP/JPY and EUR/TRY.
- Commodities: TradeEU allows you to trade commodities like gold, silver, oil, natural gas, and copper. Commodities are basic goods and raw materials, so they can be a good way to diversify your portfolio.
- Indices: TradeEU offers major stock market indices like the S&P 500, FTSE 100, DAX 30 and Nikkei 225. Trading indices allow you to speculate on the overall stock market performance of a country or sector.
- Cryptocurrencies: For those interested in digital assets, TradeEU offers trading on major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. Cryptocurrency trading is available 24/7.
Fees of TradeEU
To trade on TradeEU, you’ll need to deposit funds to get started. The minimum deposit is $250. TradeEU offers several convenient payment methods to fund your account, including:
- Wire transfer: Direct bank transfer. Funds are available within 1-2 business days.
- Credit/debit card: Visa and Mastercard accepted. Funds are available instantly.
- eWallet: Skrill, Neteller, and PayPal accepted. Funds are available within minutes.
Withdrawing funds from your TradeEU account is also straightforward. You can request a withdrawal through your account dashboard. Withdrawals are processed within 3 business days and funds are sent directly to your bank account or eWallet. TradeEU does not charge any fees for deposits or withdrawals.
The costs to actually trade on TradeEU are very competitive. They charge no commission on trades and instead make money from the spread. The spread refers to the difference between the buy and sell price of an asset. Spreads at TradeEU start at just 0.7 pips for major currency pairs like EUR/USD. For stocks and commodities, spreads typically range from 2-5 pips.
TradeEU’s low trading and non-trading fees make it an affordable option for all traders. Their transparent fee structure means you’ll know exactly what you’re paying for each trade before you enter the market. Overall, TradeEU’s minimum deposit and fee structure seem designed to suit the needs of most retail traders.
TradeEU Customer Support
TradeEU’s customer support team is available 24 hours a day, 7 days a week to assist you. They offer support through live chat, email, and phone.
Live Chat
The live chat feature on TradeEU’s website and mobile app allows you to instantly connect with a customer service representative. Wait times are typically under a minute to connect with someone who can help answer your questions. The chat reps are knowledgeable, friendly, and able to address most common inquiries.
Email Support
If you have a more complex issue or technical question, you may want to contact TradeEU’s support team via email. They aim for a response within 24 hours, but responses are often faster. The email support staff provides thoughtful, well-constructed responses to your questions. Just be sure to provide as much detail as possible about your issue or question in your initial email to help them assist you promptly.
Phone Support
For urgent matters, TradeEU also offers phone support with wait times of under 5 minutes to speak to a live representative. Their phone support team is available 24/7 and able to help with account-specific questions, technical issues, or anything else you need assistance with. The phone menu system is straightforward to navigate, with options clearly explained at each prompt.
Is TradeEU Legit or Scam
When exploring any trading platform, it’s normal to wonder about its legitimacy. TradeEU is a reputable and regulated broker, so you can feel secure using their services.
TradeEU is authorized and regulated by several top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). These regulators hold TradeEU to high standards of security, transparency, and ethics. Your funds and information will be kept safe.
It also segregates client funds from their own in secure, tier-1 bank accounts. This means your money is protected even in the unlikely event that TradeEU encounters financial difficulties. Your deposits and profits are guaranteed up to £85,000 by the UK’s Financial Services Compensation Scheme.
While no platform is perfect, TradeEU takes regulation, security, and customer support seriously. They aim to provide traders with a safe, enjoyable experience. If you do have an issue, TradeEU’s customer service team is available 24/5 through live chat, phone, and email.
Pros and Cons on TradeEU
When considering if TradeEU is right for you, weighing the pros and cons can help make your decision easier.
Pros
- TradeEU offers over 250 different assets to trade including stocks, cryptocurrencies, commodities, and forex pairs. There’s a lot of variety for any trader.
- The platform is intuitive and easy to use. Even beginner traders can pick it up quickly.
- TradeEU has competitive fees. The minimum deposit is only $250 and there are no hidden fees or commissions on trades.
- TradeEU’s customer support is available 24/5 and is generally very responsive and helpful. They offer support via live chat, email, and phone.
Cons
- TradeEU is not regulated. Some traders prefer regulated brokers for the added security and protection. Unregulated brokers can be risky.
- Withdrawals can take up to 7 business days to process. This is longer than some other brokers.
- TradeEU’s trading tools and resources are quite basic. More advanced traders may find the platform lacking.
Final Thought
TradeEU may be a new platform but they’re making a big splash with competitive fees, an easy-to-use interface, and strong security. The customer support is there when you need it and funding your account is straightforward. Why not give their demo a spin and see if it’s love at first trade? You’ve got nothing to lose but a lot of profitable trades to gain.