Want to trade in the financial markets? Anyone who is interested in doing so will come to know that they need to find an online broker. Even before the advent of the internet and online trading, people had been required to seek out the services of brokers to launch their careers in the financial markets. They had needed their assistance and expertise and while a lot of things have changed in this space over the years, this role has remained constant. Hence, even if you are trading online, you still need the bridge that only these companies can offer to you.
They are the ones providing you the instruments to trade, the platform to trade them on and the tools needed for making your buying and selling decisions. In the last couple of decades, online trading has surged in popularity because of its ease of access and this has prompted increase in demand for these brokers as well. Therefore, their numbers have also gone up and when you are in the market for one, you will have a plethora of options at your disposal. Nonetheless, this doesn’t mean that you pick the first option that pops out at you.
All you have to do is run a quick search and you will be presented with an entire list of options, but it is important to remember that no two brokers are the same. When you are in the market to buy a product, you do your research and check a company thoroughly before making a purchase from them. The same should be applicable when you are shopping for trading services. You have to trust a broker with your personal information as well as your money, so you don’t want to make this choice without putting some thought into it.
When you have to check out various brokers, the easiest way to identify the right one for yourself is by asking some important questions. The answers you get will tell you whether you are moving in the correct direction or if you need to look for other options. As there have been some scams in the market, it is necessary to proceed with caution or else you can end up suffering from hefty losses. Eiro-Group is a relatively new option that you will find, which was established by Dexmont Holdings Ltd. in 2020. It is operating out of St. Vincent and the Grenadines and you need to ask some essential questions about their services.
What are these questions? You can find out below:
| Broker | Eiro-Group |
| Website | https://www.eiro-group.com/ |
| Trading Accounts | 6 Account Types; Basic, Silver, Gold, Platinum, Diamond and Millioner Club |
| Minimum Deposit | €500 |
| Assets Coverage | Shares, Forex, Commodities, Indices and CFDs (Contract for Difference) |
| Trading Tools | Trading Indicators, Trends, Live Charts, Technical Analysis Tools and Price Alerts |
| Education and Training | Yes; , Glossary, e-books, online video courses, webinars, tutorials and expert sessions |
| Customer Support | 24/5 through callback, email and phone number |
| Security Policy | KYC (Know Your Customer) and AML (Anti-Money Laundering) |
| Parent Company | Dexmont Holdings Ltd. |
Is Eiro-Group a secure brokerage?
While there are a number of questions you can ask about the company, the first one should be about their security. If a platform is not secure, there is no point in moving forward with them because they will not be able to protect you from the online risks and threats that exist. If you take a look at statistics, it becomes obvious that there has been an increase in crimes like identity theft, money laundering and even financial fraud. Signing up with a broker means that you will be vulnerable to these risks, if steps are not taken to mitigate them.
Hence, you will be constantly worrying and not be able to focus on trading. Eiro-Group is fully aware of the situation and they have put in a lot of effort to provide peace of mind to its clients. They have opted to follow international security policies of AML (Anti-Money Laundering) and KYC (Know Your Customer). These policies are aimed at combating the risk of money laundering, financial fraud, terrorist financing and identity theft. Documents for proof of ID and address are required to follow these policies.
Eiro-Group has also chosen to provide safety of funds through customer account segregation. This means that traders’ accounts and the company’s own are maintained separately with some of the leading financial institutions. Not only does this provide security, but also ensures there can be no discrepancies or mix ups, whatsoever. As far as information security is concerned, advanced encryption measures have also been adopted for keeping all sensitive data under wraps.
Does Eiro-Group give room to diversify?
While security is undoubtedly important, this doesn’t mean that other aspects of the broker should be taken lightly. The whole point of entering the trading markets is to make money and if the company doesn’t offer enough opportunities to do that, why would you want to use their services? The amount of profits you make will depend on the instruments you trade and whether you can minimize the risks associated with trading. This is only possible through diversification i.e. spreading out your investment over as many instruments as possible.
As there are more than 1,000 trading instruments that can be found on Eiro-Group, you will definitely not have a problem in diversifying. They have added products from various financial markets to provide traders with ample opportunity to minimize their risks and maximize their profits. You can trade in the stock market, one of the oldest markets in the world. There are stocks of some prominent companies that can be traded for solid profits, such as Amazon, Google, Facebook, Apple, Netflix, Tesla, Microsoft, Nike and Tesla.
If you want more lucrative options that consider the big picture, the indices market is another option for you to explore. Eiro-Group has added some of the top indices to its options to give you the opportunity of earning high returns. These include S&P 500, Dow Jones, FTSE 100, NASDAQ and DAX 30. The foreign exchange market is another one that you can check out, which is full to the brim with opportunities of making profits. There are currency pairs like AUD/USD, USD/JPY, NZD/USD, GBP/USD, EUR/USD and USD/CHF to explore.
Traders who are looking for consistent and small returns with lesser risks can try out the commodities market. There are different types of commodities that can be traded and these include precious metals like gold, silver, copper and platinum. You can also try out energies like crude oil and natural gas, or go with agricultural items like wheat, coffee, soybeans, rice, sugar, cocoa and cotton. Livestock, such as feeder cattle, live cattle and pork bellies are also some options to check out. Eiro-Group also has ETFs (Exchange-Traded Funds) to offer to traders who are interested in additional opportunities.
Are Eiro-Group’s account options accommodating?
Opening an account is part of the process of using a broker’s services and you would want to know what kind of account options are provided by the company. It has become a trend to offer options to traders, but not all of them can offer the right features and services to facilitate people. With Eiro-Group, you will come across more variety than usual, which ensures that you can easily find an account that will be able to fulfill your trading needs in the best possible way. There are a total of six choices that have been added and you can check each option before deciding which one to go with. These are:
Account 1: Basic
The first account is known as Basic and is for people with zero experience in the trading world, so they are asked to deposit a minimum of €500 to open this account. It comes with a loyalty bonus of 10% and insurance of the same rate. Trading alerts are provided and signals are also given once a day. You can get daily market review and use an account manager for two weeks. You can increase your investment as much as €9,999 in this account.
Account 2: Silver
Aimed at beginner traders with a bit of experience under their belt, the Silver account can be opened with a minimum deposit of €10,000. It provides the users with advanced charts and their loyalty bonus is increased to 20%, as is their insurance level. They also receive a savings account and are free to invest as much as €99,999 in this account.
Account 3: Gold
Moving onto intermediate traders, the Gold account needs a minimum deposit of €100,000 to be opened. Traders who opt for this account can tap into the expertise of a group of analysts and can use an account manager for as long as they wish. Their insurance level and loyalty bonus is also increased to 30% and they receive signals twice a day, along with exclusive updates. They can also increase their investment to as much as €249,000 in this account.
Account 4: Platinum
In order to provide their services to advanced traders, Eiro-Group has introduced the Platinum account and this one asks for a minimum deposit of €250,000. It provides a loyalty bonus of 60% and insurance of the same percentage. Traders are given trading signals thrice a day for their convenience and they can also benefit from money management services. In addition, they can increase their investment in this account to as much as €499,999.
Account 5: Diamond
Traders who have been around for enough time to be considered seasoned and skilled can opt for the Diamond account option. It needs a minimum deposit of €500,000 and provides traders with unlimited signals that can come in handy. As far as bonus and insurance are concerned, they are now increased to 80% in this account. Maximum investment that can be made is €1,000,000.
Account 6: Millioner Club
The final account option that has been developed for experienced, VIP and professional traders is known as Millioner Club and it provides a bonus and insurance of 100% to its users. The minimum deposit starts at €1,000,000, but there is no maximum limit imposed. Traders can use all features provided by Eiro-Group under this account.
What trading platform does Eiro-Group offer?
Perhaps, one of the most important questions to ask about any brokerage is regarding their trading platform, since it is the primary feature that you require. Eiro-Group has created their own web-trading platform for their clients, one which comes with several appealing and innovative features. First off, it doesn’t need to be downloaded and installed, which is a convenience in itself. Secondly, it doesn’t require upgrading and maintenance on behalf of the user and has a simple user-interface, which eliminates a learning curve. Cross-device functionality is another plus because it can be used on any device supporting a browser.
This provides traders with a great deal of flexibility and freedom when it comes to trading. Moreover, the simple user-interface doesn’t mean that the Eiro-Group forex trading platform is lacking in any way. You can enjoy ultra-fast trade execution with single-click trading and it reflects trades in real time. Likewise, the list of trading tools that you will find on this platform is also rather impressive. Everything from trading signals and indicators can be found, along with advanced charts that make trading easy for everyone. The platform is easy to navigate and gives access to the latest trends and news, allowing traders to make the most of the opportunities.
Along with these questions, you can also ask about the support features of Eiro-Group and you will find more than adequate options available in this aspect as well. Likewise, the company also provides learning material and educational support and they have also taken some care and attention when it comes to developing their trading conditions. They are transparent about their charges and procedures, which ensures that you will not have to deal with any surprises. They have also made payments quick and convenient for all traders, allowing for a comprehensive and well-rounded trading experience to all those who sign up.
