EuroFinance Account Types Reviewed ☑️ (Updated 2023)

EuroFinance offers one account type which can be traded on one of the three platforms provided which consist 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.

EuroFinance at a Glance

Choose your quick section of our EuroFinance Account Types below.

EuroFinance Account types – 10 key points quick overview:

1. EuroFinance at a Glance
2. EuroFinance Account types – 10 key points quick overview:
3. EuroFinance Overview
4. EuroFinance Account Types
5. EuroFinance Account Features
6. EuroFinance Demo Account
7. EuroFinance Islamic Account
8. EuroFinance Customer Reviews
9. EuroFinance Pros and Cons
10. Frequently Asked Questions

EuroFinance provides traders with access to a wide range of services in the field of capital markets and corporate finance.

EuroFinance Overview

First established in Bulgaria in 1993, EuroFinance has grown to be a leading European investment intermediary licensed by the FSC, which operates as a member of the Deutsche Börse Group.

As such, EuroFinance has a strong operational history that spans more than 20 years, in which time it has managed to differentiate itself in the markets by its application of best practices and dedicated client focus.

To this end, EuroFinance provides traders with access to a wide range of services in the field of capital markets and corporate finance.

This includes over 50 forex pairs, and the broker also offers trading in CFDs on stocks, as well as in precious metals, oil and gas, and indices – a total of approximately 260 instruments.

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.

EuroFinance offers one account type, which can be traded on one of the three platforms provided, which consist 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.

EuroFinance provides floating relatively tight spreads, starting at 0.8 pips for EURUSD. The average spread for the EURUSD pair is 1 pip. This, in combination with commission-free trading, results in a highly competitive offer.

Trading can be done on the 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.

EF MetaTrader 5 can also be installed on mobile devices, running the operating systems iOS and Android OS.

The mobile platforms offer investors full access to markets, which additionally facilitates the management of their investments and enables them to monitor the value of their assets at any moment.

The fast and easy access to market quotes and charts, execution of orders and transactions, as well as a section with current open positions, gives investors access to their portfolio, which is not limited to the use of a computer but is possible from anywhere.

All that a client needs is to install EF MetaTrader 5 on the mobile device thereby gaining full access to the trading terminal.

Overall, EuroFinance offers a good trading environment for most traders, although advanced traders may seek more in terms of trading software and features.

Beginner traders may find the broker’s portfolio breadth daunting, but the excellent customer support provided by EuroFinance means that new traders can grow their trading career steadily with the broker.

EuroFinance Account Types

EuroFinance offers one account type, which can be traded on one of the three platforms provided, which consist 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 9^th, 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.

EuroFinance Demo Account

Users of the demo account from EuroFinance will have the opportunity to test out the trading features on the EF MetaTrader 5 platform.

Using the features in the demo account, traders will be able to execute the following order types:

Buy Limit

Buy stop

Sell limit

Sell stop

Buy stop limit

Sell stop limit

Stop loss

Take profit

The demo account is funded with virtual currency, enabling users to test these features in a risk-free environment that simulates live market conditions.

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.

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 exercices 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

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Frequently Asked Questions

Can traders from South Africa open a live trading account with EuroFinance?

Yes, according to EuroFinance, South African traders can open an account by sending an email to [email protected]

How many instruments can I trade with EuroFinance?

Clients of EuroFinance can trade over 50 forex pairs, and the broker also offers trading in CFDs on stocks, as well as in precious metals, oil and gas, and indices – a total of approximately 260 instruments.

Does EuroFinance offer leverage?

Yes. EuroFinance offers maximum leverage of 1:200 to traders who qualify. Standard retail traders will only be able to access maximum leverage of 1:30, as per ESMA regulations.

Does EuroFinance charge a commission?

No. EuroFinance offers commission-free trading, providing a competitive pricing offer overall.

Are there any apps available for a EuroFinance trading account?

EF MetaTrader 5, EFOCS and TWS

Featured SA Shares Writer and Forex Analyst.