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eTrader Review

eTrader Review

 

Overall, eTrader is regulated by CySEC authorities and it has a high trust score of 70 out of 100 and is considered a low-risk trading partner. Exness offers 1 accredited retail trading account for companies and individuals.

 

🔎 Broker🥇 eTrader
📝 RegulationCySEC (Cyprus) license №CIF 242/14
💻 Trading DeskMT4
🎉 Sign Up BonusNone
➖ Min. Deposit from$250 USD / R 4000 ZAR
🔁 Spreads from3 Pips
➕ Max Leverage1:100
💳 Commission Yes
🛑 Inactivity FeeNo
🚀 Open an Account👉 Click Here

 

Overall Rating

4.4/5

Rated #378 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FINRA 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

eTrader Review – 20 Key Point Quick Overview:

 

  1. ☑️eTrader Overview
  2. ☑️eTrader Safety and Security
  3. ☑️eTrader Sign-Up Bonus
  4. ☑️eTrader Minimum Deposit
  5. ☑️eTrader Account Types
  6. How to Open an eTrader Account – Step by Step Guide
  7. eTrader Islamic Account
  8. eTrader Demo Account
  9. eTrader Trading Platforms
  10. eTrader Available Instruments
  11. eTrader Fees, Spreads, and Commission
  12. eTrader Deposit and Withdrawal
  13. eTrader Partnership Options
  14. eTrader vs XM vs OctaFX – A Comparison
  15. eTrader Customer Reviews
  16. eTrader Current Popularity Trend
  17. eTrader Pros and Cons
  18. eTrader Conclusion
  19. eTrader Disclaimer
  20. Frequently Asked Questions

 

eTrader Overview

 

eTrader Review

 

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.

 

Finding a reputable eTrader review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth review regarding eTrader to help you make an informed decision before opening your account or trading on their platform.

 

The different names for Forex brokers are retail forex brokers or currency trading brokers. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theoretical purposes.

 

Forex brokers can also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks.

 

 eTrader is a forex broker company that is based in Cyprus. eTrader offers complete global investment services. Their effort is to offer their clients the opportunity to trade Forex and CFD’s. New investors will be greeted by a pleasant and user-friendly interface of the xStation and MT4 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 priority is the safety of its clients. That’s why they have conformed to high protection standards as applied by the European Markets in Financial Instruments Directive (MiFID) and the strict regulations of the Cyprus Securities and Exchange Commission.

 

eTrader Safety and Security

 

eTrader Licenced and Regulations

 

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.

 

🔎 Regulatory Authority📌 Abbreviation🌎 Country
🥇 Cyprus Securities and Exchange CommissionCySEC (Cyprus) license №CIF 242/14Seychelles

 

eTrader Sign-Up Bonus

 

eTrader Advantages

 

eTrader does not at this time (2022) offer a Sign-Up Bonus,  Welcome bonus, or the advantage/profits of a no-deposit bonus with first-time sign-up or account registration.

 

🔎 Broker🥇 eTrader
🎉 Sign Up Bonus❌ No
🤝 Partnership Option✅ Yes
🚀 Open an Account👉 Click Here

 

eTrader Minimum Deposit

 

eTrader Minimum Deposit

 

The minimum deposit amount required to register an eTrader Professional live trading account is $100 USD. This minimum deposit amount required for Standard Account registration will depend on the payment system chosen.

 

🔎 Account💰 Min Deposit🚀 Open an Account
📌 Standard$ 250 USD / R 4000 ZAR👉 Click Here

 

eTrader Account Types

 

eTrader Account types

 

eTrader provides one Standard account either for individuals or for companies.  The minimum deposit amount required to register an eTrader Professional live trading account is $250 USD.

 

🔎 Account❤️ Best Suited To / Offers💰 Min Deposit🚀 Open an Account
📌 StandardAll Traders$ 250 USD / R 4000 ZAR 👉 Click Here

 

 

How to Open an eTrader Account – Step by Step Guide

 

1.  Step 1:  Start Process

 

Navigate to the eTrader website, select “Contact us” option.

 

eTrader Contact us

 

2.  Step 2: Obtain details

 

Obtain the sales department details from the website.

 

eTrader Sales department

3.  Step 3:  Send email

 

Send an email to eTrader requesting a membership application, complete and send in for account creation. Once you receive your Login details, navigate to website home page and login.

 

eTrader Log into account

 

eTrader Islamic Account

 

eTrader Account details

 

eTrader does not offer Islamic swap-free trading on any of the account levels.

 

🔎 Broker🥇 eTrader
☪️ Islamic Account✅ No
☑️ Accounts OfferedNone
🚀 Open an Account👉 Click Here

 

eTrader Demo Account

 

eTrader demo account details

 

eTrader does not offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.

 

🔎 Broker🥇 eTrader
🆓 Demo Account✅ Yes
💸 Virtually FundedX No
💻 Terminal AccessFull
🚀 Open an Account👉 Click Here

 

eTrader Trading Platforms

 

eTrader Platforms

 

Brokers provide different trading software for their clients. This is normally called a trading platform and it is used for making trades.

 

A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

 

The choice about which platform to choose mostly depends on what a client would like to trade, therefore it will be one of the standards when choosing a broker too.

 

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 don’t 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.

 

Overall Rating

4.4/5

Rated #378 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FINRA 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

eTrader Available Instruments

 

eTrader Forex trading

 

The majority of brokers will provide various kinds of market instruments for trading. A new trend that is picking up momentum is trading in cryptocurrencies.

 

The following are various types of cryptocurrencies: The most well-known of these is Bitcoin (BTC) which is the digital currency with the major market capitalization and price levels since it began in 2008. It controls 50 percent of the total crypto market cap.

 

Ethereum (ETH) is the second major cryptocurrency after Bitcoin and provides developers to create smart contracts on a platform.

 

Another cryptocurrency is Litecoin (LTC) which is similar to Bitcoin but varies in terms of scalability.  Litecoin is also a very popular altcoin and LTCUSD is a fork of Bitcoin (BTCUSD), copied from Bitcoin’s code and with some changes and launched a new project.

 

Ripple (RPL) is also popular amongst large banks with the Ripple network a next group real-time gross settlement system. It gives a trader instant cross-border fund transactions at very low costs.

 

Lastly, Bitcoin Cash (BCH) was produced by the Bitcoin hard fork in 2017 as a new form of the blockchain with altered rules.

 

Your other market instruments consist of Commodity markets which offer different asset opportunities for traders. Investing in contract-based tradable goods is a dependable way to alleviate risk during times of inflation or economic uncertainty.

 

Precious metals are another dependable investment for traders. This consists of trading in gold and other precious metals which are hard commodities.

 

A lot riskier is your energy products because this is affected by political and environmental situations. The great supply and demand however make it a popular trading choice.

 

Your normal currency trading known as Forex trading, also named currency or FX trading, involves the monetary exchange market where individuals, companies, and financial institutions exchange currencies for one another at fluctuating rates.

 

Lastly, you get your Equity or stock indices which are actual stock market indexes. They measure the value of a specific unit of a stock market. They can signify a specific set of the largest companies of a nation or they can represent a specific stock market.

 

With eTrader you have over 62 Forex pairs, CFDs, Metals, and energy like oil and gas to trade.

 

eTrader Fees, Spreads, and Commission

 

eTrader Fees and spreads

 

Spreads with eTrader are from 3 pips. ETrader charges a daily management fee that equals 2 percent of the price change. However, this only applies to stock holdings and not Forex.

 

🔎 Account💰 Min Deposit🔁 Spreads from💳 Commission
🥇 Standard📌 $ 100 USD / R 1600 ZAR 3 pipsNone

 

eTrader Deposit and Withdrawal

 

eTrader Deposits 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.

 

The minimum deposit to open an account is $100 (or the equivalent in other currencies).

 

eTrader Partnership Options

 

eTrader Partnership

 

eTrader offers a Partnership option in the form of the Introducing Broker Program.

 

eTrader vs XM vs OctaFX – A Comparison

 

🔎 Broker🥇 eTrader🥈 XM🥉 OctaFX
📝 RegulationCySEC (Cyprus)📌 IFSC, ASIC, CySECFSA
➕ Max Leverage1:1001:8881:500
☪️ Islamic AccountNoYesYes
🆓 Demo AccountYesYesYes
✅ Segregated AccountsNo YesYes
📈 ScalpingNo YesYes
📉 HedgingNo YesYes
💻 Trading PlatformMT4 📌 MT4MT4 / MT5
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

eTrader Customer Reviews

 

Is an excellent source of information…

Is an excellent source of information for trading.

 

eTrader Trustpilot stars

 

Thank you so much for communicating with…

Thank you so much for communicating with me and also thanks for advising me to send my documents correctly.

 

eTrader Trustpilot stars

 

eTrader Call

I got a call today from an eTrader counselor. He was very amicable throughout the interaction and offered help and assistance to any questions or concerns that I may have about the system and the service.

 

eTrader Trustpilot stars

 

eTrader Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term “eTrader” is entered into Google’s search engine over a given period of time.

 

eTrader Google trending

 

eTrader Pros and Cons

 

✔️ Pros❌ Cons
High leverageSlow live chat
Low trading fees (free stock and ETF trading)Only bank transfer
Commission free tradingOnly US markets, no forex
User-friendly mobile trading platformHigh fixed spread
Great research tools
Well-regulated

 

eTrader Conclusion

 

Overall eTrader is a safe broker. It is also easy to use for newcomers who want to try their hand in the markets. Their low leverage is far below what other brokers on the market offer.

 

Overall Rating

4.4/5

Rated #378 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FINRA 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

eTrader Disclaimer

 

eTrader cautions possible traders that Forex and CFDs trading constantly carries a high level of risk, thus may not be appropriate for all investors.

 

Before customers decide to trade the products offered by eTrader they are recommended to anticipate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.

 

Especially when traders use eTrader ’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all of an initial investment.

 

While eTrader assures traders to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

 

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.

 

Frequently Asked Questions

 

Is eTrader safe or a fake?

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.

 

What is the overall rating out of 10 for eTrader?

The overall rating for eTrader is 7/10

 

Does eTrader? offer leverage?

eTrader offers maximum level rage of 1:100.

 

What spreads can I expect with eTrader?

eTrader offers spreads that are from 3 pips.

 

Does eTrader charge withdrawal fees?

No, but fees from a financial institution might be applicable 

 

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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