Worked example
Practising on Eurotrader's numbers
This is an exercise sheet, not a review. We are going to take three things that Eurotrader publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
Eurotrader does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. Eurotrader offers 4 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- Raw SpreadThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
- CentA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
- StandardA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
- DemoA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
Account names as published: Raw Spread, Cent, Standard, Demo. Platforms listed: MT4, MT5.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are Eurotrader's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| CySEC · Cyprus | Eurotrade Investments RGB Ltd | 279/15 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| FSC Mauritius · Mauritius | Eurotrade International Ltd | GB22201125 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here. 1 line is offshore registration; treat those as a company address rather than as supervision.
The record behind these numbers
- CySEC register entry 74970 lists Eurotrade Investments RGB Ltd with licence number 279/15 and company registration number 317893.
- The eurotrader.com FAQ/about pages state Eurotrader is a brand name of Eurotrade International Ltd (Mauritius, Business Registration Number 197389 GBC), authorised by the Mauritius FSC as an Investment Dealer under licence GB22201125.
- The CySEC licence 279/15 was granted in 2015 (register suffix /09/2015); the brand states it was founded in 2015.
- Trade name domains cited for the CySEC entity include eurotrader.eu; the current main domain eurotrader.com presents the Mauritius entity for onboarding.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: minDeposit not stated on crawled account pages; maxLeverage not verified on a spec page (homepage advertises 1:1000); spreadEurusd not stated as an EUR/USD figure on crawled pages; segregatedFunds not verified in crawled legal text; negativeBalanceProtection not verified in crawled legal text; accountTypes beyond Raw/Cent/Standard/Demo (e.g. Zero tier) not exhaustively verified. Confidence in this file overall: medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.