Eurotrader or Fidelity – which is better for UK traders 2024? Compare Eurotrader and Fidelity in this detailed breakdown of their platforms, features and fees.
EuroTrader is a CySEC-regulated CFD broker, established in 2018. The brand aims to empower and educate traders of all abilities, offering bespoke software including a copy trading app. EuroTrader customers can also trade on MT4 and MT5, with VPS connectivity, market insights and trading calculators.
Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.
Pros
Choice of account types to suit different experience levels and investment goals
Fee-free deposit methods, the majority offering instant processing
Copy trading app where you can follow the positions of other traders
2000+ instruments including forex, commodities and cryptos
Free demo account that replicates live market conditions
High-quality EuroTrader Academy learning center
Trusted broker regulated by the CySEC
Commission-free trading accounts
Access to MetaTrader software
Islamic-friendly trading
Excellent list of stocks and funds to choose from
Very competitive pricing compared to largest rivals
Good list of account types to suit various types of investor
Uninvested cash is automatically put into a money market fund
Trusted global brand with strong regulation from SEC & FCA
Tax-efficient vehicles are available including ISAs
Cons
Withdrawals take up to five days - slower than many alternatives
US traders not accepted
CFD trading only
No forex or CFD trading
There is no demo account
Less suitable for short-term trading
Presentation of data is overly complicated
No trading platform for non-US clients
The $1000 minimum deposit for international clients is high
Awards
Boring Money Best Buy 2021 – Pension
Boring Money Best for Beginners Pension 2021
Boring Money Best for Beginners ISA 2021
Boring Money Best for Low - Cost Pension 2021
Online Personal Wealth Awards - Best Retirement Adviser 2021
Shares Awards 2020 - Best Execution-Only Stockbroker of the Year
FCA Regulated
Yes
Yes
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities
ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices
EuroTrader offers leveraged CFDs on a large suite of 2000+ instruments with MT4/MT5 access. Trade with high leverage up to 1:500 and choice of pricing models, alongside 24/5 customer support.
Leverage
1:500
FTSE Spread
6
GBPUSD Spread<
0.7
Oil Spread
3
Stocks Spread
Variable
Forex
Trade 50+ major, minor and exotic currency pairs including EUR/USD and USD/JPY. Invest commission-free on the Micro Account with average spreads of 1.2 pips and a low $50 minimum deposit.
Assets
59
GBPUSD Spread
0.7
EURUSD Spread
0.2
EURGBP Spread
0.6
Cryptocurrency
Trade 17 cryptocurrency CFDs including Bitcoin and Ethereum with a 50% margin rate. Commission fees apply from 0.5%, which are reasonable but now the lowest.