European Brokerage House Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this European Brokerage House Review.
European Brokerage House Review
European Brokerage House (EBH) provides a single trading account with variable spreads, micro tradeable lots option and leverage up to 1:200.
Besides, there is a swap-free option for traders of Islamic belief on both trading platforms operated by this broker.
EBH Advanatges:
– Regulated in the EU
The main advantage of this broker is the fact that it is regulated in the Republic of Bulgaria and therefore entitled to provide investment services throughout the European Union and the European Economic Area.
– Competitive trading costs
According to the information on its website, spreads offered by European Brokerage House are typically 0.7 pips on EUR/USD. If we add the commission of $7 per lot round trip, the trading costs around 1.4 pips for this pair, which is average for the forex market.
If you wish to trade without commission fees, check out what leading CFD and spread-betting provider IG has to offer. For further information and comparison, check out the link below.
– Choice of trading platforms, both MT5 and MT4 available
European Brokerage House offers access to both MetaQuotes’ platforms – Metatrader 4 and Metatrader 5. MT5 is more advanced than MT4, but has most of the well-familiar and loved features of its predecessor, and most notably – its advanced charting functionalities. Besides, MT5 allows trading in futures, options and shares, in addition to CFDs and forex.
In addition, there are mobile apps available for both platforms, as well as VPS service, which allows uninterrupted running of Expert Advisors.
Reasonable leverage levels
The maximum leverage provided by European Brokerage House is 1:200, which is average in the forex sector. This is a solid level, which should suffice for most traders’ needs.
EBH disadvantages:
Recently launched
It seems that EBH opened doors just recently, on December 2017. This always creates some uncertainty, as there is little client feedback, or none at all.
Product portfolio could be more extensive
European Brokerage House offers trading in forex, as well as CFDs on precious metals and some indices. While we could not deem such offering as limited, some might wish to also trade in CFDs on stocks and cryptocurrencies like Bitcoin.
European Brokerage House (EBH) is a recently launched forex brokerage that offers more than 30 currency pairs and some CFDs on precious metals and indices on two trading platforms.
EBH’s main advantage is the fact that it is regulated in the EU. It operates on the basis of a license, issued by the Bulgarian Financial Supervision Commission. Financial regulation in Bulgaria is similar to those in other EU countries – there is a minimum capital adequacy requirement, licensed companies must keep clients’ funds in segregated accounts, to report transactions and to be part of the Financial Compensation Fund, among other things. In case the company goes bankrupt, the fund covers up to 90% of the due sum, but not more than BGN 40 000 (around EUR 20 000).
As regards the capital adequacy, the required capital for a Financial Supervision Commission license is BGN 250,000 (around 125,000 EUR) for a STP license and BGN 1,500,000 (000 (around 750,000 EUR) for a full license, which allows operators to deal on their own account (as market makers).
Unlike other Bulgarian forex brokers, EBH is not licensed by UK’s FCA, the most reputable financial governmental agency. If you wish to trade with a FCA-licensed broker, check out the list below.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
European Brokerage House Review Conclusion
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