Overall EuroFinance can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. EuroFinance has an overall rating of 6 out of 10 and is authorized and regulated by FSC.
EuroFinance at a Glance
| 🔎 Broker's Name | EuroFinance |
| 📍 Headquartered | Bulgaria |
| 📅 Year Founded | 1993 |
| ⚖️ Regulating Authorities | FSC |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $ 100 / R1 548 |
| 💳 Deposit Options | Debit/Credit Card Bank wire transfer |
| 💳 Withdrawal Options | Debit/Credit Card Bank wire transfer |
| 💻 Platform Types | EF MetaTrader 5, EFOCS and TWS |
| 📱 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex Indices Shares Commodities |
| 👨💼 Languages supported on Website | English and Bulgarian |
| 👥 Customer Support Languages | English and Bulgarian |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating
4.7/5
Rated #239 of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators ESMA
MetaTrader 5
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
Choose your quick section of our EuroFinance review below.
EuroFinance Review – 21 key points quick overview:
Advanced traders will enjoy the customizable approach and advanced trading features.
EuroFinance Overview
EuroFinance is a Bulgarian Forex brokerage that offers tailored investment products in a customizable trading environment.
The broker has one account type alongside several dedicated asset portfolios by which traders can choose to tailor their trading according to their investment goals.
While the broker offers three types of trading platforms, the adjusted MetaTrader 5 platform appears to be the main option when it comes to Forex trading.
MT5 is the updated version of the industry-leading MetaTrader 4 and offers several advanced and improved features, charting capabilities, and tools.
Beginner traders are not well catered for by this broker. There are no educational materials or training resources, and the portfolio selection may be too daunting for newbies.
Advanced traders will enjoy the customizable approach and advanced trading features.
EuroFinance Safety and Security
EuroFinance operates under European legislation and is licensed and regulated by the Financial Supervision Commission of the Republic of Bulgaria. The company is the first Bulgarian investment intermediary, a full member of the Deutsche Börse Group – Germany.
Under this regulation, EuroFinance is required to ensure a prominent level of deposit security. To this end, client funds are stored in segregated accounts with top-tier banks to prevent any potential financial misappropriation.
EuroFinance Sign-up Bonus
EuroFinance does not offer a welcome bonus to traders who choose to register for a real account.
EuroFinance operates under European legislation, which has recently banned the offering of broker bonuses throughout the European Union as part of newly extended client protection measures.
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
EuroFinance Minimum Deposit
There is no minimum deposit amount required to open a broker account with EuroFinance. That said, it is generally recommended that traders keep a sufficient deposit amount in their account, typically of around $100 / R 1 548, to avoid falling below negative during their trades.
A step-by-step guide to EuroFinance deposit the minimum amount
Depositing into your account with EuroFinance consists of the following steps:
Step 1 – Log in
- Log in to your EuroFinance WebTrader platform.
- After this, you select one of the deposit methods the broker supports, enter the deposit amount and make the deposit.
Step 2 –Fill out the Form
Click on the ‘Add Funds’ button
Select your preferred funding method. It is worth remembering that you will be required to make withdrawals using the same method by which your deposits were made
Provide your deposit amount and confirm your deposit details
Submit your deposit
Overall Rating
4.7/5
Rated #239 of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators ESMA
MetaTrader 5
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
EuroFinance Account Types
EuroFinance offers one account type, which can be traded on one of the three platforms provided, which consists of the EF MetaTrader 5, the EFOCS platform, and the TWS platform. Each of these will grant different trading conditions and features within the account.
Traders can also open a free demo account with EuroFinance, allowing them to test out the trade features before signing up for a real account. EuroFinance does not provide a swap-free account for Muslim traders at this stage.
EuroFinance Account Features
MetaTrader 5 Account
Offering a wide range of features, EF MetaTrader 5 gives traders a broad selection of trading opportunities.
Using the improved software of MT5 from MetaQuotes, both individual and institutional investors could benefit from innovations in the field of risk management such as pending orders “stop loss” and “take profit”.
These two order types give traders the opportunity to optimize the management of their assets by improving their profitability and limiting their losses.
The improved graphics of EF MetaTrader 5 provides the chance for a detailed technical analysis by providing multiple indicators and time periods.
Added to this, the MT5 platform also offers a section called “Economic Calendar”, which grants quick and easy access to current economic events. The MT5 software is also fully integrated into the charts of the respective financial instruments.
EuroFinance also offers additional markets-related accounts, which are described in more detail below.
BSE Portfolio
This is an account dedicated to the Bulgarian Stock Exchange. The BSE was officially licensed by the State Securities and Exchange Commission to operate as a stock exchange on October the 9th, 1997, and is currently the only functioning stock exchange in Bulgaria.
Traders on this account will have access to the following market scope
Organizing trading in securities and other financial instruments
Operation and maintenance of information systems for trading in securities
Establishment and maintenance of a clearing system guaranteeing the obligations assumed under securities transactions executed on the Exchange
Deutsche Borse Portfolio
As a diversified exchange organization, Deutsche Börse Group’s products and services cover the entire value chain in the financial services sector.
Its business areas range from the admission of securities to listing, through trading, clearing, and settlement to custody services for securities and other financial instruments along with collateral and liquidity management.
Additionally, the Group provides IT Services, indices, and market data worldwide. We have divided our products and services into nine groups.
Global Markets Portfolio
Global Markets has a federal government presence both across the United States and in countries that represent 91 percent of worldwide GDP with authoritative, impartial, accessible professionals who have specific trade and investment expertise.
As trusted intermediaries with extensive public and private sector contacts, credibility and influence in foreign markets, the Global Markets portfolio assists US businesses and partners in entering and expanding international markets, addressing barriers to accessing foreign markets.
How to set up a EuroFinance Demo Account –Step by Step
Opening a demo account with EuroFinance will consist of the following steps:
Step 1 – Open Your Account
Go to the demo registration area of the EuroFinance website. This can be found by clicking on the Demo button at the top right of the landing page.
Step 2 – Create a demo version
Select the trading platform for which you would like to create a demo version. Users can choose to open a demo version for the EF MetaTrader 5 platform at this stage.
Step 3 –Fill in the form
Complete the simple online registration form. You will be required to provide your full name and contact details, your country of residence, your desired leverage, and your preferred deposit currency
Read and accept the EuroFinance privacy policy
Submit your registration
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money.
A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
Overall Rating
4.7/5
Rated #239 of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators ESMA
MetaTrader 5
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
EuroFinance Islamic Account
EuroFinance does not offer an Islamic Account to traders of the Muslim faith. This is a drawback to such traders, as an Islamic Account fulfills an important purpose, as outlined in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Overall Rating
4.7/5
Rated #239 of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators ESMA
MetaTrader 5
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
EuroFinance Trading platforms
EuroFinance offers traders access to the MT5 platform, as well as its own proprietary software.
Using the improved software of MT5 from MetaQuotes, both individual and institutional investors could benefit from innovations in the field of risk management such as pending orders “stop loss” and “take profit”.
These two order types give traders the opportunity to optimize the management of their assets by improving their profitability and limiting their losses.
The improved graphics of EF MetaTrader 5 provides the chance for a detailed technical analysis by providing multiple indicators and time periods.
Added to this, the MT5 platform also offers a section called “Economic Calendar”, which grants quick and easy access to current economic events. The MT5 software is also fully integrated into the charts of the respective financial instruments.
EuroFinance Fees and Spreads
Traders with EuroFinance can expect the following spread list:
EuroFinance provides floating relatively tight spreads, starting at 0.8 pips for EURUSD. The average spread for the EURUSD pair is 1 pip.
While these spreads may seem slightly wider than those provided by other brokers, when considering that EuroFinance provides trading that is free of commissions, it is a competitive offer.
EuroFinance Deposits and withdrawals
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
Regulation plays a key part where client funds are concerned as funds that are kept in segregated accounts must be available for withdrawal at any given time when a request is made by the trader and subsequent owner of the trading account.
EuroFinance offers a narrow selection of deposit methods, consisting of bank wire transfers and credit or debit cards only. The broker does not provide some of the more popular e-payment methods, like Skrill or PayPal, which many other brokers offer.
With regard to deposit security, Euro-Finance operates under European legislation and is licensed and regulated by the Financial Supervision Commission of the Republic of Bulgaria.
The company is the first Bulgarian investment intermediary, a full member of the Deutsche Börse Group – Germany.
Under this regulation, EuroFinance is required to ensure a prominent level of deposit security. To this end, client funds are stored in segregated accounts with top-tier banks to prevent any potential financial misappropriation.
With regard to deposit currencies, EuroFinance accepts deposits in EUR, USD, or BGN. This is a limited selection, and traders depositing smaller currencies, such as ZAR/Rand, will incur conversion fees.
EuroFinance does not charge deposit fees or withdrawal fees. However, your selected payment provider may charge a processing fee that is not covered by the broker.
EuroFinance Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “EuroFinance” is entered into Google’s search engine over a given period of time.
EuroFinance Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇Russia | 70.19% |
| 🥈Turkey | 6.50% |
| 🥉Pakistan | 3.65% |
| 🥈USA | 3.32% |
| 🥇Denmark | 3.08% |
EuroFinance vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇EuroFinance | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $ 100 / R1 548 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:30 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
EuroFinance Customer Reviews
Excellent
Excellent! Great tutor, beneficial information, and valuable discussions with colleagues!
Excellent course with an experienced and knowledgeable instructor
I very much enjoyed the course and found it to cover all the relevant topics I was expecting to be covered. The teaching was professional and backed by strong practical experience, and in addition, had a very nice conversational element in it which positively contributed to the learning experience.
A very demanding practice-oriented treasury workshop
A very demanding and sophisticated workshop based on recent challenging case studies/problems in the treasury world.
Really complete course
Really complete course, it met my expectations. Good timetable balance, good study material, and group exercises make it possible to share opinions and experiences, I’d recommend it to people starting in Treasury because it gives you a great overview of the main Treasury concepts.
EuroFinance Pros and Cons
| ✔️ Pros | ❌ Cons |
| Advanced trading platforms | Limited range for advanced traders |
| No minimum deposit | |
| Sound regulation | |
| Wide range of asset classes |
Conclusion
Overall, EuroFinance can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. According to research in South Africa EuroFinance has one account type alongside several dedicated asset portfolios by which traders can choose to tailor their trading according to their investment goals.
Disclaimer
EuroFinance warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with EuroFinance, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
EuroFinance warns that margin trading involves the potential for profit as well as the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable, hence EuroFinance cannot guarantee a maximum loss that a trader may suffer.
You might also like: EuroFinance Account Types Overview
You might also like: EuroFinance Demo Account – Step by Step
You might also like: EuroFinance Fees and Spreads
You might also like: EuroFinance Minimum Deposit
You might also like: EuroFinance Sign-up Bonus
Risk Management
EuroFinance Risk Management is a company that provides financial risk management services and solutions to corporate clients, governments, and financial institutions.
Its services may include risk assessment, risk management strategy development, risk mitigation techniques, financial modeling, and training and education on risk management practices.
Frequently Asked Questions
Does EuroFinance offer leverage?
Yes. maximum leverage of 1:200 to qualifying traders. Standard retail traders can only access maximum leverage of 1:30, as per ESMA regulations.
What is the overall rating out of 10 for EuroFinance?
EuroFinance’s overall rating is 6/10
What are the advantages of trading with EuroFinance?
EuroFinance is the leading global provider of conferences, training, and research on cash management
Which platforms are supported by EuroFinance?
EF MetaTrader 5, EFOCS, and TWS.
What type of broker is EuroFinance?
Eurofinance is a Safe forex broker. ✓ Regulated – FSP ✓ Eurofinance LIMITED ✓
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