Eiro-group Review – All That You Can Expect from Eiro-group as a Novice Trader

ByTroy Morris

May 9, 2021
Eiro-group Broker Score
  • Overall Score


The web-based trading platform combined with the security of encryption and segregated funds makes it a great pick for any trader from any corner of the world. Not to mention, you can start with only a small deposit of 500 EUR. With such easy initial requirements and a perfect trading system, I think Eiro-group is one of the best options you have got for starting your trading career.

Eiro-group Review

Eiro-group logoSo, you think that it is time for you to begin trading in the financial markets and make some money. Trading can be easier said than done. You have to put your heart, mind, and soul to this activity if you really want to make a difference in your life. Not to mention, you have to get the idea of becoming rich overnight out of your mind if you want to be a serious trader. In order for you to be rich, you have to trade consistently, make profits on most of your trades, and keep your emotions out of trading at any cost. How do I know that? Well, because I have gone through all of those phases and I can forewarn you.

I will try my best to keep you from spending all your time in searching for the right company for your trading needs. I have been through it all so I think you should benefit from my experience. Among the many options that I have tried during my trading career, I can recommend Eiro-group with the highest level of confidence. That’s because I think this brokerage firm really understands what you expect from it and trading as a whole. All the good that you should expect from your trading platform, I think you will find it here. So, without further ado, let me tell you more in this Eiro-group review.

Broker Eiro-group
Website www.Eiro-group.com
Trading Type CFD
Available Assets Commodities, Currencies, Stocks, Indices
Trading Platform Web Based
Trading Accounts Basic, Silver, Gold, Platinum, Diamond, Millioner
Loyalty Bonus Yes
Insurance Yes
Customer Support 24/5
Contact Method Email, Phone, Callback
Information Protection Yes (Encryption)
AML and KYC Policies Yes


How Eiro-group Can Meet Your Expectations

·         Web Based Trading Platform

Should you really pay so much attention and give so much value to a web based trading platform? Well, again, I would like to say that I have put my experience behind my confidence. I don’t say you should sign up with a web-based trading software only because I like it. In my experience, I can tell you that this particular way of trading is always going to be more beneficial for you than trading on a mobile-specific application. Keep in mind that the biggest advantage of an application that has been designed for your phone is that it runs very smoothly on it. Yes, it might be a bit faster, but it has its cons as well.

For example, if you have the trading app installed on your phone, you can’t use it on your computer. You have to download the software again on your computer to use it. That is only possible if the company that you have signed up with offers a different software for the desktop computer. Similarly, you might not be able to use the same software on your tablet. In other words, you will have to have the software for all your different devices. That’s not very efficient, is it? Not to mention the fact that you will have a hard time using such an application if you are moving in different countries around the world.

The web-based trading platform takes away all the pain that you experience with a mobile-specific software. Firstly, you are completely free of the obligation of downloading the software on your phone or any device. It is there in the web and so you can use it without any downloads required. In addition to that, you can use it on any device. A web-based trading platform is not bound with the type of device that you own or the operating system on it. Not to mention, you can use the same software no matter where you are in the world without any downloads or configurations. That’s the type of software you will be getting from Eiro-group when you sign up with the company.

·         Data Safety and Money Protection

Do you pay attention to the safety of your data and money when you sign up with an online trading platform? If you don’t, you have to start doing it from now. These are actually the first requirements you should have with any online services that you think about signing up with, not just online trading platforms. So, when you sign up to trade online, the first thing you have to do is to provide your identification information. This allows the online firm to recognize you as a unique trader with all the unique information. Furthermore, you have to submit your banking information while depositing and withdrawing your money.

This is yet another part of the process in which you have to disclose some sensitive details about you. Not to mention, you will also be required to prove your location and physical address by providing the brokerage a copy of your utility bills. Now, do you want this information to become public? Do you want someone to steal all of this information and hurt you in some way? Here’s the thing. When you sign up with the right broker, you don’t have to worry about those things. The right company will take care of your information in all the possible ways. In fact, it will have a proper technological solution to this problem.

So, what you have to know about is the encryption of your information. If the company that you are signing up with does not have encryption in place, you might want to stay away from it. Again, you will get this level of protection when you sign up with Eiro-group. In addition to that, you will also have your money in safe hands. How? Well, this firm makes sure that all the money that you deposit in your trading account goes into segregated funds. These are the funds maintained at regulated banks in your name only. This should give you peace of mind that you have picked the right option for trading.

·         CFD Trading

One of the things you have to know when you are a new trader is that you don’t have to own an asset to trade it. That was a concept you could not even have thought about in the past. You had to own the asset that you wished to trade. Things have changed quite a bit since the arrival of CFD trading. However, you have to make sure that you pick the right CFD trading platform for all your needs. CFD trading provides you with access to Contracts for Difference. These are the contracts that let you trade any asset of your choice without ever owning it.

Since you don’t own the asset, you don’t have to sell it to anyone. If you are in a trade where you have sold a particular asset in the form of CFDs, you are not obliged to buy back the real assets. You just trade the contracts at any given day and moment. The reason traders love this type of trading is that they can enjoy a variety of benefits that are not available to them otherwise. For example, if you trade CFDs, you can use leverages and margins. You can use leverages to amplify the profits on your profitable trades. You can also trade many assets from the same trading platform.

You don’t have to worry that you are stuck in the same financial market because CFD traders never have to worry about that. In fact, you will have access to hundreds and even thousands of different types of assets from the same trading platform and with the same broker.  For example, when you are with Eiro-group, you will be getting access to indices, stocks of the biggest companies of the world, forex currency pairs (major, minor and exotic), precious metals, and many other types of commodities. That’s something you are going to love when you sign up with Eiro-group.

eiro-group trading platform

·         KYC and AML Policy

There are certain indicators that will always help you find out whether you are signing up with the right company or not. One of the most important things is to know which policies are applicable when you provide the company with your data. With many online brokers, you can sign up without disclosing much of your information. That might sound like a great idea, but only unless you have not discovered the cons of doing so. When you don’t provide your personal details while signing up, you run the risk of signing up with a fraud. Or, you end up signing up with a company that does not have proper measures in place to protect your data.

If you sign up without providing your personal details, someone else might sign up on the same platform with your details. However, your broker will never know about it. Why? Because you never provided them with your personal details. Your personal details make you unique in this world. However, when the firm that you have signed up with never collected those details, it has no way of knowing whether it is you or someone using stolen details who is signing up with them.

That’s not going to happen when you sign up with Eiro-group. This firm has made sure that you provide your personal details under the KYC policy, which stands for Know Your Customer. With this policy, the online trading services provider has to make sure that anyone signing up on its trading platform is providing their identification information. In addition to that, there is also AML on the website, which means the anti-money laundering policy. If you use someone else’s credit card details or banking information on the website, you will not be allowed to sign up in the first place because of this policy. You can rest assured that Eiro-group has these policies implemented on its website.

·         Great Educational Information

Based on my research and information collection, I can tell you that you will have a hard time finding a company that provides you with free information. In most cases, they ask you to sign up with them so you can gain access to their education centers. What’s wrong with accessing the education center after paying money? Well, inherently, there is nothing wrong with that. The problem is that some online companies will not provide you with the type and level of education that you are expecting. After spending so much money, you might still access education that you can gather from the internet without any charges and fees.

Yes, that’s true. I have seen many brokers that offer you nothing more than generic and basic information about trading when you sign up with them. These books have been written by non-professionals and non-experts. They just write about every topic generically and you have to read this content after spending hundreds of dollars of your life savings. That’s not a great feeling I can tell you because I have been in this situation once. Much of the information that you need before you start trading is there right on the Eiro-group website before you even sign up with the broker.

Yes, you can get this information right on the website without even considering signing up. If you want to know about the various indicators, their uses, and benefits, you can just go on the web page that contains information specifically about the many different types of indicators. There is a lot of other information that you can get from the website. From the website means that you will not even have to sign up with in the first place. You don’t even have to sign up and pay any money to get all this education. Just so you know, there is a very detailed glossary on the website that I recommend you to read before you read any other training material.

·         Awesome Customer Support

I can’t be thankful to an online broker enough for anything other than a great customer support department. You see, the biggest issue that you are going to face when you sign up with some company is that you won’t know a lot of the stuff that you are offered. Many traders have started their trading career without knowing what margin or leverage means. In that case, you can expect to run into a lot of problems. You will need a lot of information before you can fully understand what trading is all about. While getting this information, you might face issues that you cannot resolve just like that.

You will need the help of the customer support of the firm that you have signed up with at this point. How can you get that help? Well, there are many ways for you to get the help that you need. In some cases, you will find a detailed FAQs section on the website that will provide you with the answer to your most frequently asked questions. In addition to that, you will usually have an email on the website that you can use for getting in touch with the knowledgeable professionals of the company. Last but not least, you can use the phone number when you need help on an urgent basis.

I can tell you with guaranty that many online brokers don’t have all of these options available for you. You will notice that they think that either the FAQs section or the email address would suffice. That’s not the case at all. When you need help with technical matters, you need someone on the phone. That’s when I think you have to be thankful for Eiro-group and other similar companies. They have the email address and phone number that you need for getting the right help. Do you know something even better? Well, this broker has given you a callback option on the website. This means you can just give your phone number and expect the representatives of the company to get in touch with you to resolve your problem.

The customer support department of any online company is supposed to be helpful for you, and I don’t think there is anything more helpful than having someone call you back to resolve your matter. Don’t forget that these professionals are there to help you 24/5. They might not be there all seven days of the week, but when they are available, they are available around the clock.

·         Easy Accounts to Sign up With

Once you are fully comfortable that you are going with the right option, you just have to pick an account and sign up. Trust me when I tell you that even this process can be quite difficult. That’s because there are some brokers that will provide you with not enough options. They only give you two or three accounts to choose from. I have noticed that their trading accounts are not usually suitable for new traders. For them, they have created enough options. But what I believe is that their options are only limited to particular individuals.

In most cases, their accounts are suitable for traders who have been a part of the industry for many years. If you are new to trading, you might not even be able to sign up with them. They have their initial signup requirements so high that some people never think about trading with them. I am sure you are not going to go through the same feelings when you look at the trading accounts from Eiro-group. This broker has made sure that there are six different accounts. Each account has been designed for a different type of trader. If you have just stepped in the world of trading, I recommend you go with the most basic account, called the Basic account.

You can deposit only 500 EUR in your account and start trading if you go with the basic one. However, if you are thinking about going for something that’s not too basic neither too advanced, then I think silver account is the best option for you. All you need to deposit to sign up with this account is an amount of 10000 EUR. You then have four more accounts that you can go with if you have been a part of the industry for many years. The millioner account is the most advanced and expensive account on the list. This account gives you the best of both worlds. What I would like to mention separately is that you can get a loyalty bonus of 100% when you go with this account.

·         Deposit Conveniently

Depositing money in your account so you can trade should not be a task. It should be as easy as putting money in your personal wallet. Unfortunately, some online companies have not thought of this process like that. They think that depositing money should be difficult for you. What they do, as a result, is that they make the process difficult by throwing in a variety of fees and service charges. Due to these service charges, you end up spending a huge amount of money only to deposit money in your account. Not to mention, they might not provide you with the best methods of depositing money, making things even more suspicious for you.

On the other hand, things are pretty easy and straightforward when you go with Eiro-group. This company has made sure that you can use the safest methods to deposit money in your account. You have the credit and debit card option for depositing money speedily. In addition to that, you have the bank wire transfer option if you want to make things safer rather than speedier.

Final Thoughts

Now, I am sure that you are pretty clear on what you can expect from this particular broker. I think this company has put up a great system for every type of trader. The web-based trading platform combined with the security of encryption and segregated funds makes it a great pick for any trader from any corner of the world. Not to mention, you can start with only a small deposit of 500 EUR. With such easy initial requirements and a perfect trading system, I think Eiro-group is one of the best options you have got for starting your trading career.

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