In today’s tough times, there are a lot of people who have found themselves facing financial problems and looking for ways to supplement their income. The problem is that most of the investment options are not offering the right kind of returns and this can be extremely frustrating. You want a way to earn substantial returns as quickly as possible, but it should also be practical. This is where online trading emerges as the perfect solution, which has gained a great deal of popularity in the last decade or so. Even though trading has been around for centuries, people didn’t venture into this space that easily because of the complications involved.
However, since trading online has become a reality, the process has been simplified significantly. You don’t need to have a hefty capital for investing and neither do you require any education, knowledge or experience to begin. There are no such prerequisites that you have to fulfill in order to start trading, which has made it appealing for everyone. But, the question is how do you start? There is one thing that has remained consistent in the trading space and that’s the need for a broker. These are companies that provide trading services to people who want to venture into the financial markets.
As trading has moved online, so have brokerages and this means you will be able to find hundreds of options to explore when you decide to look for one. But, it is important to remember that not all of these are trustworthy. There have been scams and frauds in the market and you don’t want to sign up with one because it can result in disastrous consequences in the long run. Before you opt for a company, you should see what they have to offer to see why you should avail their services.
This is exactly what you need to do in the case of Eiro Group, a broker based in St. Vincent and the Grenadines, which was founded by Dexmont Holdings Ltd in 2020. Even though it hasn’t been around for long, the company has made up for their lack of experience by offering seamless trading services to their clients. But, what makes them different from the rest? Why should you choose their services? Some of the top reasons to consider doing so are mentioned as follows:
|Trading Accounts||6 Account Types; Basic, Silver, Gold, Platinum, Diamond and Millioner Club|
|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.|
Reason 1: The Segregated accounts
One of the biggest risks in online trading is to the funds you deposit with the broker. If hackers steal your funds, you will be left empty-handed and this is not something you want to face. Your savings could be wiped out and you will not be able to achieve your financial goals. In order to protect your funds, Eiro-Group has taken the appropriate steps by offering segregated customer accounts. This means that client accounts are kept separate from the company’s own to prevent misappropriation or mixing up.
Client funds are only used for their trading activities and nothing else and in case Eiro-Group goes bankrupt or shuts down, the funds will be returned to them. Moreover, they have opted to use the leading financial institutions for storing these funds to keep them as safe as possible. This can give you peace of mind and you don’t have to worry about losing your hard-earned money through theft or misappropriation.
Reason 2: Protection of personal information
It is not just your money that is at risk when you are trading online; your personal and sensitive information can also be compromised. Cybercriminals can steal your identity and misuse it for various nefarious activities, which you wish to avoid. The problem is that when you sign up with a broker, you have to trust them with your confidential information and this leaves you vulnerable. In this regard, Eiro-Group has taken proper precautions by opting for information encryption. All information they collect is encrypted straight away with advanced SSL (Secure Socket Layer) encryption to keep it safe from prying eyes.
Reason 3: Trading in various financial markets
The financial markets are diverse and laden with thousands of opportunities. While there are a ton of brokers offering their services, it is important to understand that their offerings will vary. It is a well-known fact that the best way to maximize your returns and minimize the risks is by diversifying your investment portfolio and trade in as many markets as possible. Eiro-Group gives you the perfect opportunity to do so, as they are offering more than 1,000 instruments to choose from. These belong to different markets, which allows traders to find something in accordance with their risk appetite.
The options begin with the popular stock market where traders buy and sell shares of some of the biggest companies in the world. You can choose to invest in names like Amazon, Facebook, Netflix, Tesla, Apple, Google and Microsoft, amongst others. You could also go for the commodities market, if you are looking for something less risky. There is a lot of variety to be enjoyed in this space, which includes precious metals like gold, silver, copper and platinum, energies like crude oil and natural gas, agricultural products like corn, coffee, wheat, soybeans, rice and sugar and livestock like lean hogs, live cattle, pork bellies and feeder cattle.
Apart from these, Eiro-Group also gives you the opportunity of trading in the foreign currency market, which has a daily trading volume of more than $5 trillion. There are numerous currency pairs to be traded here, including GBP/USD, USD/CAD, EUR/USD, USD/RUB, AUD/NZD and USD/JPY. If you are looking for lucrative opportunities, the indices market is where you need to go. There are options like NASDAQ, FTSE 100, S&P 500, DAX and CAC that you can explore.
Reason 4: Quick registration process
One of the most prominent concerns of traders is the registration process and what it entails when they decide to use a broker’s services. If the procedure takes too long, you will end up missing out on a lot of opportunities, which can be immensely frustrating. Understanding this problem, Eiro-Group has ensured that their registration doesn’t take more than a few minutes and is easy to navigate for everyone, from beginners to expert traders alike. To begin the registration process, you need to visit their website and click on the Open Account option on the top right.
Doing so will automatically open up a form that you have to complete. There are some basic details required to finish this form, such as first and last name, email address and a password, country of residence and phone number. You will also have to agree to the Terms & Conditions that are outlined on the Eiro-Group website and confirm that you are at least 18 before the procedure can be completed.
Reason 5: Accommodating account choices
After you have completed registration, the next step is to open an account with the broker. It is common for companies to offer several account choices to facilitate traders from different backgrounds and Eiro-Group is no different in this regard. However, their account choices are a lot more diverse and accommodating than you will find elsewhere. You will find a total of six choices to explore when you check out the account options. Check them out below:
A minimum and maximum deposit requirement of €500 and €9,999 has been set for this account that has been developed mostly for newcomers in the trading space. Account users receive a bonus of 10% and the same percentage of insurance is applicable. They also receive trading alerts, signals once a day, daily market review and an account manager for 2 weeks.
The second account has minimum and maximum deposit requirements of €10,000 to €99,999. This account is more for beginners with some experience so it comes with advanced charts and a saving account. In addition, both loyalty bonus and insurance is increased to 20%.
The third account option at Eiro-Group has been created for intermediate traders so the minimum and maximum deposit requirements are adjusted to €100,000 and €249,000. This account comes with exclusive updates, and signals are now available twice a day. The account manager is also unlimited and insurance and loyalty bonus are now adjusted to 30%. Traders can also tap into the expertise of group analysts.
In order to cater to advanced traders, the Platinum account has been created and its minimum and maximum deposit requirements are €250,000 and €499,999, respectively. The signals are now provided three times a day, while insurance and bonus are both increased to 60%. Money management is now included in this account option.
Skilled and seasoned traders will prefer the Diamond account, which has been developed primarily for them. This has a minimum and maximum deposit requirement of €500,000 and €1,000,000, respectively. The loyalty bonus and insurance is now at 80% in this account and signals are also unlimited because traders can make more use of them.
The final account that you will find at Eiro-Group is for professional and VIP traders because they can afford to meet the minimum deposit of €1,000,000 for it. There is no limit to the maximum amount that can be invested via this account and it gives users access to every feature that this brokerage has to offer.
Reason 6: Web trading platform
How do you execute your trades in the financial market? The broker you choose offers you a trading platform for this purpose and your experience will depend on how good the platform is. Eiro-Group has come up with a web trading platform, which can be quite convenient because it eliminates the need of download and installation. This platform is accessed via the web browser, which allows traders to use it on any device they prefer to use. Not only does it use state-of-the-art trading technology, it also offers one-click trading and instant trade execution.
It boasts an intuitive and user-friendly interface, ensuring that every trader, whether they are just starting out, or have some experience under their belt, will be able to use the trading platform without any issues. Eiro-Group has also equipped their platform with some of the most advanced trading tools and features to make it useful. Whether it is trading signals and indicators, live and interactive charts, price alerts, or the latest market news and trends, you can find it all on the platform.
Reason 7: 24/5 customer support
When using a broker’s services, you may have questions or concerns about the different steps and procedures. This is where support can be useful, but not every company can be attentive in this regard. Luckily, Eiro-Group has proven to be quite thorough, as they have incorporated several channels that can be used for getting in touch with their team, if need be. Traders are given the option of using email to get in touch with their agents, or they can use the faster option of phone to get their answers.
It is also possible to schedule a callback by visiting the ‘Get in touch’ section of Eiro-Group’s website, where they will be asked to fill out a form. A customer support agent will get in touch with them with the answer they need. These agents are available 24/5 and are well-equipped to provide you with the necessary solutions needed for a smooth trading experience.
These are some of the prominent reasons why traders can opt to use Eiro-Group’s trading services in order to trade in the financial markets and tap into their potential.