General Information
What's EOBroker？
EOBroker is a Chinese online brokerage platform that provides access to a wide range of financial products and services, offering 100+ trading assets, including Stocks, Indices, Metals, Commodities, and ETF. EOBroker is available on Android, iOS, MacOS and Windows. With a user-friendly interface, advanced trading tools, and a wide range of market instruments, EOBroker provides traders with the resources they need to make informed trading decisions and capitalize on market opportunities.
Pros & Cons
Pros
Demo Account Available: EOBroker offers demo accounts, allowing users to practice trading without risking real money. This can be beneficial for beginners or those who want to test this trading platform.
Multiple Market Instruments: EOBroker provides a wide range of instruments, such as Stocks, Indices, Metals, Commodities, ETF.
Multiple Account Types: EOBroker provides traders with six types of account: Micro, Basic, Silver, Gold, Platinum and Exclusive. Each type of account typically caters to different trading needs and preferences of investors.
No Commission: EOBroker does not impose any commission charges, making trading more cost-effective, thereby favouring its clients' profit margins.
Cons
Unauthorized Regulation: EOBroker's license is currently unauthorized which can result in significant risks.
Strict Regional Restrictions: EOBroker does not provide services to citizens and/or residents of Australia, Austria, Belarus, Belgium, Bulgaria, Canada, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Iran, Ireland, Israel, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Myanmar, Netherlands, New Zealand, North Korea, Norway, Poland, Portugal, Puerto Rico, Romania, Russia, Singapore, Slovakia, Slovenia, South Sudan, Spain, Sudan, Sweden, Switzerland, UK, Ukraine, the USA, Yemen.
Is EOBroker Legit？
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
EOBroker provides traders with a selection of market instruments to diversify their trading portfolios. Traders can access 100+ assets, including Stocks for investing in individual companies, Indices for tracking market performance, Metals such as gold and silver for hedging and diversification, Commodities like oil and agricultural products for trading on global supply and demand dynamics, and ETFs for investing in a basket of assets or tracking specific sectors.
Account Types
EOBroker offers Demo account. The Demo account simulates real market conditions, allowing traders to experience the platform's features and functionalities in a virtual trading environment. Traders can practice executing trades, managing positions, and monitoring market movements to gain confidence and proficiency before transitioning to live trading.
EOBroker provides a range of account options tailored to suit varying trading preferences and experience levels. Alongside its demo account, EOBroker offers six types of real accounts: Micro, Basic, Silver, Gold, Platinum, and Exclusive. Each account type features distinct benefits and requires different minimum deposits.
The Micro account demands a minimum deposit of $10, making it accessible for traders looking to start with a modest investment.
The Basic account requires a slightly higher deposit of $50, catering to traders looking for essential trading features.
While the Silver account sets the bar at $500, offering more features and capabilities.
For those seeking enhanced privileges and opportunities, the Gold account mandates a deposit of $2500.
While the Platinum account elevates the threshold to $5000, providing even more advanced trading tools and perks.
Additionally, the Exclusive account is an invitation-only tier, offering exclusive benefits and services to a select group of traders.
How to Open an Account？
No registration procedure is required to start a demo account. Traders can begin by clicking on “Try Free Demo” to test this trading platform directly.
You can open a real account by clicking on “Register” , then fill in your email address and create a password. Then click on “Open account”. You can also login with Facebook or Google. Be sure to accept the terms, conditions and privacy policy. Once your account is verified, you can start utilizing the services offered by EOBroker.
Commissions
EOBroker declares that it charges 0% commissions for trading, allowing traders to execute trades without incurring additional costs. This commitment to 0 commission trading demonstrates EOBroker's dedication to providing a transparent and cost-effective trading environment for its clients.
Trading Platforms
EOBroker offers traders a selection of trading platforms to cater to their trading needs. Traders can choose from a Mobile App, Desktop App, and Web Platform to access the markets based on their preferences and convenience.
The Mobile Apps allows traders to trade on the go using their smartphones or tablets, providing flexibility and accessibility. Traders can get them from AppStore and Google Play.
The Desktop Apps offers advanced features and tools for in-depth market analysis and trading execution. They can easily be acquired in Windows and macOS.
The Web Platform provides a user-friendly interface accessible through a web browser, enabling traders to trade without the need for downloads.
While EOBroker provides its clients with many options. There are public platforms such as tradingview, MT5 and MT4 that have served many clients worldwide. lf you didn't want to spend time familiarizing yourself with a new platform, you could choose public platforms. The choice is yours.
Education Resources
EOBroker provides traders with comprehensive educational resources designed to empower traders with the knowledge and skills needed to succeed in the financial markets. That includes Glossary, Technical analysis, Graphical analysis, Fundamentals analysis, Psychology of trading, Trading Strategies, Webinars, Tutorials.
The platform offers a diverse range of educational materials, including a Glossary to familiarize traders with key trading terminologies, Technical analysis tools to help traders analyze price charts and identify potential trading opportunities, Graphical analysis resources for visualizing market trends and patterns, Fundamentals analysis to understand the impact of economic indicators on asset prices, and insights into the Psychology of trading to manage emotions and make rational trading decisions.
Additionally, EOBroker provides access to Trading Strategies to help traders develop effective trading plans, Webinars for interactive learning sessions with industry experts, and Tutorials to guide traders through various aspects of trading and platform usage.
Fees
EOBroker charges 0% fees for trading, ensuring that traders can trade without incurring any additional costs. By offering fee-free trading, EOBroker provides traders with a transparent and cost-effective trading experience, allowing them to focus on their trading strategies and objectives without worrying about hidden fees or charges.
Customer Support
EOBroker offers comprehensive customer support to its clients. This includes being available 24 hours a day, 7 days a week. Clients can reach out to EOBroker through various channels.
Email: The firm offers assistance through email at help@eo.support.
Live chat
Contact Form
Company address: First Floor, First St. Vincent Bank Ltd., James Street, PO Box EOBroker574, Kingstown, St. Vincent and the Grenadines.
Conclusion
In summary, EOBroker is an unregulated trading platform that offers a range of account types and trading tools to cater to traders of varying experience levels. While the platform offers a Demo account for practice and a user-friendly interface, some traders may find the trading platform less competitive compared to other platforms. Overall, EOBroker serves as a viable option for traders looking for a straightforward and transparent trading experience, but may not offer the same level of sophistication and variety as other platforms in the market.
Frequently Asked Questions (FAQs)
Question: What market instruments does offer？
Answer: EOBroker offers 100+ assets, including Stocks, Indices, Metals, Commodities and ETF.
Question: Is EOBroker regulated？
Answer: No. EOBroker has not yet been regulated by any authorities.
Question: Does EOBroker offer demo account？
Answer: Yes.
Question: What education resources does EOBroker offer？
Answer: Glossary, Technical analysis, Graphical analysis, Fundamentals analysis, Psychology of trading, Trading Strategies, Webinars, and Tutorials.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
