EUmarkets Review

EUmarkets Review
Petar Nola
EUmarkets is a relatively new brand that has a relatively unknown Mauritius licence. The company headquarters is in St. Vincent and Grenadines according to the broker’s website. They also seem to have UK and a Moscow office, however, as with many new companies today, its hard to verify these claims. What is interesting with EUmarkets... Read more
EUmarkets is a relatively new brand that has a relatively unknown Mauritius licence. The company headquarters is in St. Vincent and Grenadines according to the broker's website. They also seem to have UK and a Moscow office, however, as with many new companies today, its hard to verify these claims. What is interesting with EUmarkets is the use of the new UTIP platform we have not used before. While it seems to be really new, we have managed to take a peek for the EUmarkets review.
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  1. EUmarkets is a relatively new brand that has a relatively unknown Mauritius licence. The company headquarters is in St. Vincent and Grenadines according to the broker’s website. They also seem to have UK and a Moscow office, however, as with many new companies today, its hard to verify these claims. What is interesting with EUmarkets is the use of the new UTIP platform we have not used before. While it seems to be really new, we have managed to take a peek for the EUmarkets review.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk
  3. EUmarkets Special features

    EUmarkets is a Forex and CFDs broker, even though the UTIP platform also offers binary options. The company offers to customers some basic education resources and trainings along with the support of the “transactions analyst”, which is basically an account manager with more advanced trading skills. While the company lists 5 types of accounts, we really do not see the distinctive difference between them. We tried asking on the live chat, but it was offline and the info was in cyrillic – we presume in Russian language.

    From what we can see there are two types of EUmarkets account when looking solely on the features

    EUmarkets Mini / Standard / Gold / Platinum Account

    • from $100 deposit
    • 0.4 pip spreads
    • up to 1:100 leverage on forex
    • up to 1:50 leverage on commodities
    • up to 1:10 on stocks

    EUmarkets VIP Account

    • from $10000 deposit
    • individual spread
    • higher leverage

    So, in short -> deposit $10000 and negotiate your own trading terms. It seems pretty straightforward. There are probably some differences between the availability of educational resources per account, but the website does not state, and we weren’t ready to invest too much to find out at this phase.

    The basic account we used did well in the test, and $100 starting deposit is not much we believe  – in line with other forex brokers out there. Trading conditions are good if one looks at the spread, which is low. There does not seem to be an ECN account where one can get commission type trading, this might scare off people who would normally target the vIP account and advantages.

    Leverage is lower than we are accustomed, however, since higher leverages also mean higher losses, we dont always really consider it a pro for the broker if the leverage is too high, especially if its offered to beginners.

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  6. EUmarkets Trading software

    As we already mentioned in the intro to the EUmarkets review, UTIP platform they use is a relatively new to us. The platform is available for tablets, web browsers on desktop, smartphones and as a download client for PC. The downloadable file does not seem to offer a MacOS version, so Apple users will be left with web-browser version.

    Overall the platform has a really simple layout and most customers will have no isses using it. UTIP trading platform follows the standard layout with assets on the left and large chart on the right side. The order execution dialogue also appears on the right with instrument selector, investment amount, and other standard information required to trade forex and CFDs.

    EUmarkets offers more than 100 assets through the platform and the include stocks, indices, forex pairs and commodities.

    The broker claims they are an NDD – no dealing desk broker. While we cannot really say this with certainty – it does not look to us as if they were. They dont charge commissions, but the platform is new to us, and we have seen spread only NDD forex brokers before. In any case, if you are looking for a reliable ECN broker – try FXTM or ECN accounts at IronFX.

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  8. EUmarkets Support information

    As we already mentioned, we tried contacting the broker via live chat, which was not live at the moment. They claim to be online 24/5. However, it seems the broker just started operations since some links on the website are not operational yet. The live hat window was in cyrillic and we suspect the operations of the broker are run by Russians.

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  10. EUmarkets Payment Methods

    Minimum deposit is $100 and the broker offers deposits and withdrawals via

    • bank wire
    • Via
    • MasterCard
    • DinersClub
    • OKPay

    The fees, according to the client agreement is $50 for withdrawal via bank wire, while fees for credit cards are there but the amounts are not disclosed. Withdrawal processing deadline is 5 days, which is a bit too long in our opinion. Brokers like Plus500 offer withdrawals that are processed maximum in 24 hours.

    The company info is not transparent in our opinion. There are several entities mentioned. We have found a sister website where the FSC license scan is visible and the company named is UKM Ltd, but we are not sure if this brand is under the same company or license. In any case before we can verify it, we will be using the UKM Ltd as the company behind the broker’s license.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
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    • Advanced trade settings

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  12. Your capital is at risk
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