GENERAL INFORMATION AND REGULATION
eTrader is a forex broker company in Cyprus. With regards to what exactly is a Forex broker, it is a firm that gives traders admittance to platforms that let them buy and sell foreign currencies.
Etrader provides comprehensive global investment services. Their effort is to offer their clients the opportunity to trade Forex and CFDs. New investors will be greeted by a pleasant and user friendly interface of the MT5 platforms while more seasoned investors will find all the advanced interactive tools they are accustomed to. ETRADER provides trading opportunities in a dynamic environment.
Etrader is a registered brand name of Goldenburg Group Limited, a fully licensed and regulated Company by the Cyprus Securities and Exchange Commission (CySEC) with CIF License 242/14.
With eTrader you have over 62 Forex pairs, CFDs, Metals, Indices, Shares and energy like oil and gas to trade. With eTrader you will be able to trade indices with the narrowest spreads with an easy use of leverage.
Commodities offer a wide range of instruments that you can trade. You can choose among precious metals, oil or agricultural commodities.
Among the most traded commodities are traditionally gold, silver, oil, wheat, corn or sugar. Commodities are being traded in units (ounce, barrel, pound, bushel) in standardized quantities, which are called a lot. The lot represents the minimum quantity that may be traded. eTrader has instruments which allow trading with narrow spreads and an easy use of leverage.
ACCOUNT AND LEVERAGE
The Broker offers a standard account with 30 days Demo account.
You can get up to 1:30 in leverage with eTrader which is considered relatively low. Although, eTrader assesses traders on an individual basis. Those who are more experienced and have a track record of profitability can get up to 1:100 in leverage. The Minimum initial deposit of $ 250 as a wire transfer.
SPREADS AND COMMISSIONS
ETrader only charges commissions on stock trades. Forex positions don‘t come with any commissions, but you still have to pay the swap fee. CFD shares have a 0.2% (out of the total position size) commission while actual stocks are charged at 1% of your trade’s volume. Spreads starting from 3 pips on the Euro Dollar
TRADING PLATFORM AVAILABLE
ETrader offers the MetaTrader 5 (MT5) which is a highly advanced and thoroughly secure platform. You can customize your dashboard, access detailed trading reports, and integrate different plug-ins with your MT5 account.
Although they are available, the mobile and tablet apps dont retain all of the desktop features, but you can still execute trades, access live data, and manage your account. MT5 is available in a wide range of languages including English, Spanish, Japanese, German, French, Turkish, Croatian, Chinese, Russian, Indonesian, and more.
DEPOSIT AND WITHDRAWAL
You can deposit money into your eTrader account via Visa/MasterCard, wire transfers, or DotPay. It is important to note that the broker does not accept cash deposits.
eTrader also does not charge any transfer fees for deposits.
You can only withdraw funds via wire transfer to your bank account. Similarly, just as with deposits, eTrader does not charge fees if you withdraw money, but your bank might. The minimum that you can transfer out of your eTrader account is $250 while no maximum is specified.
If you want to know more about Forex or any other enquiries you can Call, write or contact them via Live chat or email and phone.
Phone: +357 250 29641