Euro Pacific Bank Review

MIN. DEPOSIT $1,000
Up to 100:1
0 Users (0 votes)
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Overview

Company Information Euro Pacific Bank is the property of Euro Pacific Bank limited, and they started their banking service in 2004. The company is a regulated Forex online trading broker… more

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Details

BrokerEuro Pacific Bank
Website URLhttps://europacbank.com/
HeadquartersSt. Vincent and the Grenadines
Support Number+1-888-527-4041
Support Emailinfo@europacbank.com
Support TypesPhone, E-mail
LanguagesEnglish, Chinese, Czech, French, German, Japanese, Dutch, Portuguese, Russian, Croatian, Spanish, Serbian, Swedish, Turkish
Minimum 1st Deposit$1,000
Minimum Trade Amount0.01 lots
Maximum Trade Amount50 lots
PayoutUp to 100:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Services Authority (FSA)
Deposit MethodsCredit/Debit Cards, Bank Wire
Withdrawal MethodsCredit/Debit Cards, Bank Wire
Types of AssetsForex, CFDs, Stocks, Futures,
Account CurrencyEUR, USD, GBP, CAD, AUD, JPY, NZD, CHF, PLN
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Euro Pacific Bank is the property of Euro Pacific Bank limited, and they started their banking service in 2004. The company is a regulated Forex online trading broker since 2011. Their headquarters are located in Saint Vincent and the Grenadines, and they are regulated by the FSA. Being a certified bank and offering Forex trading at the same time has its benefits. Traders often choose this type of broker because of the security it provides to their funds and of course, the flawless customer support. It’s not a surprise that banks offer the best currency support, and Euro Pacific Bank is not an exception. The offered spreads are not ideal (and maybe higher than the industry standard), but they are quite tempting nonetheless, and many traders have already joined this platform. This is a class A International Bank which means all the trading is as secure as it can get.  US traders are not allowed to register with this broker.

Trading Information

As we already mentioned Euro Pacific Bank (or EPB) offer a bit higher spreads than their competitors.  Major spreads as GBP/USD, USD/JPY, and EUR/GBP can go as high as 3 pips. This however can be overlooked as there are more than 160 currency pairs you can use. Their only type of account is the Standard one with a $2500 minimum deposit. It’s a bit high compared to other brokers but this one is for serious traders. Other trading instruments are precious metals, stocks, options, futures and CFD’s. Leverage is set to 1:100. There are many features that EPB provides and traders would happy to learn that scalping and hedging is allowed. Pending order, trailing stop order, one-click trading and OCO orders are available. For people who like automated trading, streaming news and mobile alerts they are available. In fact, the only things that are missing are the telephone orders and a personal account manager. There are no swap-free accounts for traders who are interested in this type of trading.

Trading Platforms

To have an adequate trading platform nowadays is not easy but Euro Pacific Bank has managed to provide some interesting solutions to that. Their main platform is the Global TradeStation which offers the benefits of easier access to all devices. It doesn’t require any download or installation and has all the features needed. Easy to use with a customizable interface and the power of HTML5 technology, this platform offers some very interesting options. There are more than 30,000 instruments available for instant access and the graphics are much better and easy to understand than older platforms. The Global Trade Station Pro is the downloadable version of this platform which offers a much more customizable environment for traders. To be honest it’s aimed at more experienced traders that use a lot of charts and want to have all the functionality they need. Last but not least there is the Metatrader4 platform that has been around for ages now. It’s the most used platform around the world and is definitely a preferred choice for beginner and experienced traders. It’s stable and offers all the flexibility that a nowadays trader needs. Yes, the graphics are not that perfect for a modern platform but sometimes traders don’t ever care about such a feature.

Security and Customer Services

As a fully certified bank Euro Pacific Bank can offer a very secure and stable experience. They have a segregated account option where your funds are separate from that of the broker. The whole site uses an SSL encryption which protects all personal data and makes it available only to the company’s employees. Customer support is excellent and it’s not surprising when thing come to dealing with a bank. You can contact the customer support team 24/5 with plenty of contact options available. You have the callback option, email, Live Chat, office, Skype or their online form. The site however, needs a bit of work because it has only English translation only. Nowadays brokers have translated their sites in over 30 languages, so it would be nice to see that Euro Pacific Bank make that effort. Otherwise, there is not much to say about customer support and security. It’s a world famous bank and this should be enough proof for the quality of the service.

Deposits and Withdraws

Deposits and withdrawals with this broker can be a bit of a hassle because of all the regulations you have to take into account before you start trading. First, you’ll have to make a bank account at Euro Pacific Bank, and only then you’ll be eligible to use the trading options. This means you’ll have to fill out a lot of forms before you deposit any amount. Otherwise, all deposits and withdrawals after that will be quite easy. The bank, of course, will charge a certain fee for handling the transactions, but at least, you’ll not be worried about delays and missing funds. There is not much else to say here it’s a bank after all, so you should be expecting all of these complications.

Deposit Bonus and Loyalty Programs

You can’t expect that an authorized bank would give you any promotional offers and bonuses. Sadly, this is the case with most banks that offer such services but there are few that offer some deposit bonuses, and Euro Pacific Bank can develop their online Forex trading services by following their example. For now, people who look for tempting promotions should look somewhere else.

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