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EuroFinance Account Types

Euro-Finance Account Types

 

EuroFinance offers traders the option of a standard individual account but not the option for an Islamic Account. Traders will find that through this account, Euro-Finance offers competitive trading conditions along with comprehensive solutions and services.

 

EuroFinance at a Glance

 

📅 Year Founded1993
📍 Head Office
Bulgaria
⚖️ Financial Regulatory Bodies
FSC
📈 Managed accounts
Yes
📊 Institutional accounts
Yes
☪️ Islamic AccountNo
💰 Minimum Deposit
$ 100 / R1 548
👍 Demo Trading Account available
Yes
🌐 Countries not accepted for tradeUnited States
💰 Withdrawal options
Debit/ Credit card and bank wire transfer
📒 Deposit optionsDebit/ Credit card and bank wire transfer
💻Platform(s) providedEF MetaTrader 5, EFOCS and TWS
🖥️ OS compatibility
Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad.
📈 Tradable assets
Offers over 300 assets comprising of the following: Forex, Commodities, Indices, Precious Metals, and Energy.
📓 Languages supported on the websiteEnglish and Bulgarian
📓  Customer support languagesEnglish and Bulgarian
☎️ Customer service hours24 hours a day, six days a week.
Maximum Leverage1:500
👉 Open a account👉 Click Here

 

Overall Rating

4.7/5

Rated #239 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ESMA

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

EuroFinance Account types – 11 key points quick overview:

 

 

Euro-Finance offers a standard individual account.

 

Finding a reputable list of Euro-Finance account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

EuroFinance Overview

 

EuroFinance Overview

 

Euro-Finance is a regulated broker which is headquartered in Bulgaria. Established in 1993, Euro-Finance is a well-known and regulated broker which offers traders access to global markets.

 

Over their more than 20 years long history, Euro-Finance’s main concern has been the acquiescence to the best practices in the industry, as well as providing their traders with the best and most professional customer service.

 

As an investment intermediary leader in Bulgaria, the broker offers a large variety of services in the capital markets and in corporate finance.

 

Euro-Finance offers their clients trading in more than 300 assets such as forex, gold, silver, oil, indices, and stocks and they use the extremely popular MetaTrader 5 platform. This allows their customers access to international markets by using the latest technology.

 

This helps to ensure that traders are provided with trade execution at the best possible prices at the best possible execution speeds. Euro-Finance is continuously working to improve its trading solutions and services in order to adapt to evolving needs and objectives of traders.

 

Unfortunately, Euro-Finance does not provide Islamic or swap-free accounts for Muslim traders and they have no bonuses or promotions running at the moment for their clients.

 

EuroFinance Account Types

 

EuroFinance Account Types

 

Euro-Finance offers traders the option of a standard individual account but not the option for an Islamic Account. Traders will find that through this account, Euro-Finance offers competitive trading conditions along with comprehensive solutions and services.

 

EuroFinance Account Features

 

📍 Euro-Finance offers an Individual Live Standard Trading Account with the following features:

➡️ The account can be used on all three of their trading platforms.

➡️ The minimum deposit to open the account is $100.

➡️ The account can be opened online.

 

📍 Deposits and withdrawals

➡️ The deposit currencies that can be used to open the account are EUR, USD, and BGN.

➡️ The minimum deposit to open an Individual Live Standard Trading Account is $100.

➡️ The payment method that can be used for deposits and withdrawals is via debit or credit card or a bank wire transfer. Euro-Finance does not charge any deposit or withdrawal fees.

➡️ There seem to be no inactivity fees charged on accounts that are not active for a period of time.

 

📍 Cost and Fees, Commissions, and spreads

➡️ The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

➡️ The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your account.

➡️ Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.

➡️ Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.

➡️ While the contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, it’s trading on shares will incur a commission. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

 

EuroFinance charges the following

 

📍 Spreads

Euro-Finance charges floating spreads which are subject to market trends and what assets are traded.

 

📍 Deposit and withdrawal fees

There are no withdrawal or deposit fees for clients with Euro-Finance but your financial institutions might have fees.

 

📍 Inactivity fees

There are no inactivity fees charged.

 

EuroFinance Demo Account

 

EuroFinance Demo Account

 

📍 Euro-Finance offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

➡️ A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.

➡️ Traders who are evaluating and comparing brokers who would like to explore Euro-Finances’ trading conditions in a risk-free environment, and

➡️ Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

📍 Euro-Finances’ demo account sign-up is fully digitalized and hassle-free.

➡️ It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice, or on their web browser.

 

Overall Rating

4.7/5

Rated #239 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ESMA

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

EuroFinance Islamic Account

 

Unfortunately, Euro-Finance does not offer its Muslim traders an Islamic Account. The purpose of an Islamic Account is to cater specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.

 

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

Brokers offer an Islamic Account to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which differ vastly from the individual account such as minimum deposit, spreads, and more.

 

Traders who are interested in registering for an Islamic account must contact their preferred broker’s customer support to verify the details of the account as conditions may have changed from time to time.

 

These changes are as per the broker’s discretion and/or changes in market conditions.

 

EuroFinance Pros and Cons

 

✔️ PROS❌CONS
Well-regulatedUS Clients not accepted
Competitive spreadsOnly one account
A large variety of tradable assetsThe website is not user-friendly
Low minimum depositThey do not have an Islamic Account
No deposit or withdrawal feesNo bonus or promotions for traders
Excellent customer service

 

Conclusion

 

Overall, EuroFinance offers traders the option of a standard individual account but not the option for an Islamic Account. Traders will find that through this account, Euro-Finance offers competitive trading conditions along with comprehensive solutions and services.

 

You might also like: Euro Finance Review

You might also like: Euro-Finance Minimum Deposit

You might also like: Euro-Finance Demo Account

You might also like: Euro-Finance Fees and Spreads

You might also like: Euro-Finance Sign-up Bonus

 

Frequently Asked Questions

Trading Environment

How many instruments can I trade with Euro-Finance?

You can trade the following financial instruments:

Euro-Finance offers over 300 assets comprising the following: Forex, Commodities, Indices, Precious Metals, and Energy.

 

Which platforms are supported by Euro-Finance?

  • EF MetaTrader 5
  • EFOCS
  • TWS

 

Does Euro-Finance offer leverage?

Yes, Euro-Finance offers maximum leverage of 1:500.

 

What spreads can I expect with Euro-Finance?

You can expect floating spreads using the Individual account.

 

Does Euro-Finance charge a commission?

No, Euro-Finance does not charge a commission. Traders must verify this information with the broker as it is not stated on the website.

 

Are there additional charges on the Islamic account?

Euro-Finance does not offer an Islamic account.

 

Is Euro-Finance regulated?

Yes. Euro-Finance is regulated by FSC

 

Is Euro-Finance a recommended forex trading broker for experts and beginners?

No, Euro-Finance caters more to skilled or professional traders.

 

What is the overall rating out of 10 for Euro-Finance?

8/10

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Euro-Finance offer a demo account?

Yes

 

For how long is the demo account valid?

Unlimited time period

 

Does Euro-Finance offer the option of an Islamic Account?

No, Euro-Finance does not offer an Islamic Account.

 

Which live trading accounts does Euro-Finance offer?

Euro-Finance offers a standard individual account.

 

What are the available deposit currencies for a live trading account?

EUR, USD, and BGN

 

Deposits and Withdrawals

 

What is the minimum deposit for Euro-Finance?

$100

 

How do I make a deposit and withdrawal with Euro-Finance?

  • Debit or Credit Card or bank wire transfer

 

Does Euro-Finance charge withdrawal fees?

No, Euro-Finance does not charge any withdrawal fees but other banks’ fees could be charged.

 

How long does it take to make a withdrawal?

This will depend on the payment method used. It can take between 30 minutes up to a few working days.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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