EU Rates Compare has been flagged by Central Bank of Ireland for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After since the beginning of the year with EU Rates Compare I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Transparent fees|Automated trading options|Risk management tools
Cons: Withdrawal takes 1-2 business days
The spread at EU Rates Compare is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a podcast recommendation and initially thought the platform was good - until I started trading seriously.
Pros: No hidden fees|Good mobile app|Personal attention
Cons: Slow to add new assets|No phone support on weekends
EU Rates Compare changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Risk management tools|Wide product range|Fast support response
Cons: Website design could be more modern|Limited demo account features
I lost a significant amount because EU Rates Compare did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Risk management tools|High security standards
Cons: Research section could be deeper|Website design could be more modern