Eurivex
Pros and Cons
Pros
- Regulated by CYSEC
- Offers trading in shares, bonds, and derivatives
- Utilizes the Vienna MTF trading platform
- Established operation period of over 15 years
- Multiple contact channels for customer support
Cons
- Not regulated in major jurisdictions like FCA or ASIC
- Limited trading instruments (no forex, commodities, or cryptocurrencies)
- Trading platform lacks advanced features
- High minimum listing size of €200,000
- Poor educational resources and market analysis
Basic Information
User Reviews
Eurivex Overview
Eurivex, established in 2009 and headquartered in Nicosia, Cyprus, operates as a regulated investment firm under the supervision of the Cyprus Securities and Exchange Commission (CySEC), holding license number 114/10. The broker specializes in facilitating the listing of shares, bonds, and other financial instruments on leading EU stock exchanges, providing a structured and compliant trading environment for its clients. With a commitment to transparency and adherence to regulatory standards, Eurivex assures its clients of a trustworthy trading experience within the financial markets.
Eurivex offers a range of services focused on trading financial instruments, including shares and bonds, while utilizing the Vienna MTF trading platform. This platform is designed to accommodate various trading needs, featuring competitive listing conditions with a minimum size requirement, and facilitating rapid listings. Customer support is available through multiple channels, ensuring responsiveness to client inquiries. While the broker is recognized for its regulatory compliance and dedicated customer service, its limited market offerings may be a consideration for potential traders looking for a more diverse portfolio. Overall, Eurivex stands out for its commitment to regulatory integrity and client support in the forex trading landscape.
Is Eurivex Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is Eurivex Regulated and How Are Client Funds Protected?
Eurivex is a regulated broker operating under the Cyprus Securities and Exchange Commission (CySEC), holding a Market Maker license (114/10). This regulatory oversight ensures that the broker adheres to strict compliance standards, providing a level of trust and transparency. Client funds are protected through segregation, meaning that client assets are kept separate from the broker’s operational funds. Additionally, clients may benefit from the Investor Compensation Scheme, which offers a layer of financial security in case of broker insolvency. Overall, Eurivex is considered a legit and safe option for investors seeking services within its regulatory framework.
Trading Products and Services
What trading instruments does Eurivex offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
Eurivex provides a diverse range of trading tools and financial products that cater to various types of traders. With offerings across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, traders can develop flexible strategies and diversify their portfolios effectively. Whether you are a beginner looking to explore the markets or a seasoned professional seeking advanced trading options, Eurivex’s product range is designed to accommodate your needs. This variety not only enhances the trading experience but also supports strategic investment decisions in a dynamic trading environment.
Account Types and Trading Conditions
What Account Types and Fees Does Eurivex Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginner traders | Low minimum deposit, access to educational resources | Ideal for small-capital practice and novice traders |
| Professional Account | Experienced traders | Higher leverage, lower spreads | Requires trading experience and volume qualifications |
| Corporate Account | Corporate clients | Custom solutions, dedicated account management | Requires corporate documentation and verification |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free structure, tailored for Muslim traders | Requires confirmation of eligibility |
| Demo Account | All traders | Practice trading without risk, access to real market conditions | Suitable for testing strategies before funding a live account |
Account Opening Process
To open an account with Eurivex, follow these steps: Start by completing the online application form, providing personal details such as your name, address, and contact information. Next, submit your employment information, including your job title and the name of your employer. Additionally, you will need to provide financial information, including your income and trading experience. Identity verification is a crucial step, requiring you to submit a valid ID and proof of address, such as a utility bill or bank statement. Eurivex offers account flexibility, allowing you to upgrade to a professional account later if your trading volume meets the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive for popular pairs |
| CFDs (Stock Index) | 1.5 | $0 (ECN: $2.0/lot) | Includes major indices |
| CFDs (Commodities) | 2.0 | $0 (ECN: $2.0/lot) | Varies by commodity |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, Eurivex may charge various other fees. Deposit and withdrawal fees can apply depending on the payment method used. Be aware of inactivity fees for accounts that remain dormant for an extended period. Platform usage fees are applicable if you choose to use premium features on the trading platform. Additionally, overnight interest, or swap rates, may apply for positions held overnight. Currency conversion fees may also apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Eurivex Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, multiple order types, technical indicators, economic calendar | Demo accounts, VPS |
| Web Version | Any device with a browser | Encryption, symbol lookup, price alerts | API interface |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | Demo accounts |
Eurivex provides a range of trading platforms tailored to different trader needs. The MT4/MT5 platforms are robust options suitable for advanced traders, offering extensive tools and functionalities. The web version allows for seamless trading from any device with internet access, while the mobile app ensures that traders can manage their accounts on the go. Each platform prioritizes security through features like encryption and biometric logins, along with fast order execution and real-time alerts to keep users informed.
Overall, Eurivex supports mobile trading effectively, ensuring secure logins and efficient search tools across its platforms. Each solution is designed to enhance the trading experience while maintaining a focus on security and user convenience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee | Min 50€, Max 10000€/day | EUR, USD |
| GrabPay | Instant | 1.5% fee | Min 20€, Max 5000€/day | EUR, SGD |
| SPEI | Instant | No platform fee | Min 100MXN, Max 20000MXN/day | MXN, USD |
| Bank Wire Transfer | 3-5 business days | No platform fee, 15€ bank charge | Min 100€, Max 50000€/day | EUR, GBP |
Minimum Deposit
Eurivex requires a minimum deposit of 50€, applicable across all payment methods. However, this amount may vary based on account type, with higher-tier accounts potentially enjoying reduced minimums.
How to Withdraw
To withdraw funds from your Eurivex account, follow these steps:
- Log in to your Eurivex account.
- Navigate to the ‘Withdrawal’ section under your account settings.
- Select your preferred payment method from the available options.
- Enter the amount you wish to withdraw, ensuring it complies with the limits.
- Confirm your withdrawal request and review any applicable fees.
- Submit your withdrawal request, and you will receive a confirmation email.
Customer Support
Eurivex Customer Support Overview
Support Channels
Eurivex provides a variety of support channels to ensure that customers can easily reach out for help. The main contact methods include:
- Email: Customers can contact support via email at info@eurivex.com for any inquiries or assistance.
- Live Chat: A live chat option is available on the website for immediate support during business hours.
- Telephone: Customers can call the support team at +357 22028830 for direct assistance.
- Social Media: Eurivex is present on platforms like Facebook, Instagram, LinkedIn, and Twitter, providing another avenue for customer interaction.
Service Availability
The customer service at Eurivex operates 24/5, ensuring that support is accessible during the trading week. Furthermore, the support team is multilingual, catering to a diverse clientele with assistance available in English and Greek.
Additional Resources
To enhance the trading experience, Eurivex offers various educational resources such as video tutorials, webinars, and market analysis. These resources aim to equip customers with the knowledge needed to navigate the trading environment effectively.
Customer reviews highlight the efficiency of Eurivex’s support services, with many users expressing satisfaction with the prompt and helpful responses received. This reinforces the commitment of Eurivex to provide quality customer service and support.
Frequently Asked Questions
Yes, Eurivex is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 114/10. This ensures that Eurivex adheres to strict compliance standards and provides a level of security for its clients.
Eurivex primarily offers trading on shares, bonds, and derivatives. However, it does not provide forex, commodities, indices, or cryptocurrency trading. The minimum listing size for trading is €200,000, with no upper limit.
Eurivex takes fund security seriously by adhering to regulatory standards set by CySEC, including segregating client funds from company assets. This helps protect client investments in case of financial difficulties faced by the company.
Eurivex utilizes the Vienna MTF trading platform, which is designed to offer a user-friendly experience for trading financial instruments. Clients have access to major currencies and can expect quick listing processes, typically within 10 working days.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.