When considering online brokers, you have to think about your entire journey with them. You can’t just rely on the bonus that the broker is offering you for signing up and be convinced that it is the best broker. In fact, you will notice that most of the big brokers on the internet do not offer you any kind of bonus on signing up on their trading platform. That’s because they do not want to make the welcome bonus an attraction and reason for you to sign up with them.
Now, when you are looking at everything that a broker can help you with as a trader, you have to consider an option like Eiro Group. This particular broker can give you what most other brokers cannot give their traders. From start to the end of your journey with this broker, you will admire it at every phase and step. That’s because Eiro Group has designed a complete system in which every trader feels happy and free to make profits without worrying about commissions and fees all the time. Let’s take a look at the journey of a trader with this broker and find out how good or bad it can be with a broker.
A Trader’s Journey with Eiro Group
The Available Account Options
Of course, the first thing you have to look at is the number of account types you have available for signup. You have to know at this point that the brokers have to cater to the needs of all the different types of traders. You cannot expect your broker to cater to only the most advanced trader. Yes, that’s the case with many online brokers because they are not willing to take any risk, but you will not have to face such a thing when you sign up with this broker. So what are the options you have available when you sign up with this broker?
First, you will see that there are a lot of different account options that have been designed with different types of traders in mind. The broker has given the most basic account the name of Basic Account. Yes, Eiro Group is pretty straightforward with calling things what they are. If you are willing to sign up with this account, you have to deposit at least $500 in your account. That’s a small account that brings the trading platform, the leverages from the brokers, and the entire financial market at your disposal. With this little amount, you can start a journey of making millions of dollars for real.
If you think that you have passed the basic stage of trading and need to sign up with an advanced account, you can go with the silver account. In this account, you have to deposit at least $10,000 in your account to activate it and trade in the financial markets. In a similar way, you have four more account types with each account requiring you to deposit a bigger initial deposit. In short, you will find an account that suits your requirements irrespective of at which level you are as a trader.
Signing up with the Broker
Once you have picked an account type, you have to sign up with the broker. You have to see how easy it is for you to sign up. First, you will have to find out the information that you must provide in order to sign up on the trading platform. You will have to put your personal details at this point. Why do you have to provide your personal details to sign up? While the first reason is quite obvious, the second reason is that your identity information helps the broker identify you and keep any fakers and frauds away from the trading platform if they pretend to be you.
The biggest concern for you as a trader should be the security of your information when you are signing up on the website. How will you make sure that the information you enter on the website will not go to anyone without your permission. You will not be able to find that out with most other brokers. However, it should give you the peace of mind that this broker will protect your information through encryption. When your information gets encrypted, no one can access or understand it. It will be helpful to know here that even if someone accesses your information, they will not be able to use it in any form.
Funding Your Account
The important phase of signing up with an online broker is funding your account. You have to see how you can fund your account and how much money you must deposit. Here, you will have to wrap your head around two different values. First, your broker tells you a basic amount that you must deposit in your account in order to trade. If you do not drop that amount in your account, you cannot trade. On the other hand, you have a limit on the card or method you use for depositing funds in your account. For example, you might be required to deposit at least $100 from your credit and a smaller amount through a bank wire transfer.
You have to understand these limits. Now, you also have to look at the options that your broker has provided you with to drop money in your account. First, you have to see that these options are safe. You can use your credit card form MasterCard and Visa. In addition to that, you are usually able to deposit funds in your online trading accounts with the help of bank wires. You have to confirm that you can use both these methods to fund your account and start trading. At this point, it will also help you to know how much money your broker is charging you on your transfers.
You will be surprised to know that many online brokers charge you money not only on your deposits but withdrawals as well. In short, you have to pay a fee or commission to the broker two times i.e. at the time of depositing and at the time of withdrawing. These amounts take away the profit from you. You make small profits from your trades when you are new and these commissions and fees might not let you earn anything as a new trader in the trading world.
Now, you should also know that the broker is paying full attention to the secrecy, privacy, and safety of your money that you deposit in your accounts. With Eiro Group, you can rest assured that the money you deposit will go into separate accounts from the accounts of the company. This ensures that your money always remains intact even if something goes wrong with the broker.
Getting Training for Trading
At this point, you have already signed up with the broker, and funded your account with the required funds. What do you need to do next? You might think that it is time for you to start trading but you will be wrong to think like that. How can you start trading when you are not aware of the basics of trading? You do not want to enter trades blindly and lose all the money that you have just deposited in your account. At this point, you will start experiencing the help that comes from the broker’s side. So, you will not have to feel left out when it comes to learning about trading.
You will get all the education that you need about trading from the broker right on the website. The training material is there on the website and you can download the format of the information that you prefer. For example, some traders are slow learners and they want to go with the ebook option so they can learn at a time when they are most comfortable. Some are fast learners and they are good to go with video-based learning. Eiro Group has got a lot of videos for these traders. At the same time, Eiro Group has also arranged for webinars, which are more like meetings on the internet.
In these webinars, you will hear the experts of the industry talking to you in real-time. Webinars are great tools for learning how to trade. If you have any questions that come to your mind while learning from the expert, you can ask those questions straight away. The human involvement and the availability of information to you from an expert in real-time are the factors that make online webinars a great way to learn trading. When you sign up with Eiro Group, you will learn this way and you will soon find yourself learning the most advanced types of trading strategies.
The Trading Experience
Now that you have completed all the steps mentioned above, you will have to start trading. This is where the broker plays the most important role in your trading career. You cannot think of making a trading career if your broker does not support you during this phase. You are new to trading, you do not understand trading, and you are surely not ready to enter huge trades. How can you get help from your broker at this point? You will be glad to know that Eiro Group will help you in every possible way during this phase so you can turn into a professional trader in no time.
First, you will see that the broker has provided you with leverage option on your trades. Leverage is the amount of money that your broker will contribute with you to allow you to enter big trades. You do not have enough funds in your account to enter certain trades, but when you have the leverage from the broker available, you can enter those trades as well. The size of the leverage that the broker offers is what matters the most. If you want to control big trades, you have to choose a broker that provides you with big trades. That’s where you will not be disappointed by Eiro Group.
In addition to the huge leverage option, the broker will also help you with all the information you need in order to make successful trades. First, you will notice that the broker has provided the details about trading signals in the account types. When you sign up with the basic account, you get trading signals only once a day. However, getting these trading signals even just once a day can be a great help for you. You can choose an asset and wait for the trading signals to help you with your trades. When a signal tells you that you should buy a particular asset, you have a high chance of winning if you go with the trading signal.
The Customer Support
First of all, you do not want to be in a situation where you have to have someone to help you with something. However, running into issues when you trade online is inevitable. You will encounter problems, and you will need the help of professional representatives of the company. That’s where the customer support department comes in. Unlike other online brokers, Eiro Group has made its customer support department available for you during every hour of the day. These professionals will respond to any queries that you might have about your trading at any time of the day during five working days of the week.
The best thing is that you can contact the customer support not only through email but phone as well. So, you can talk to a human and get your issues resolved as soon as possible.
So, you now know the full journey that you will have with this broker. If you compare it to what other brokers have to offer, you should consider yourself lucky that you have found out about Eiro Group. This broker is there to help you enter the trading world and become a professional trader in no time. There are no unnecessary and annoying fees and commission for you to pay. You can trade with the most competitive spreads so you can walk away with most of the money you make on your trades.