Euro Pacific Bank, the parent company of Euro Pacific Advisors Ltd, Euro Pacific International Ltd, Euro Pacific Funds SSC Ltd and Global Trading Ltd, was established by a renowned investor and top-selling author Peter Schiff in 2002. It is an offshore bank that has its headquarters in St. Vincent and the Grenadines.
Euro Pacific Bank provides banking services as well as acts as a forex broker for its clients. It is regulated by the Investment and Financial Services Association (IFSA) and renders its services to non-United States or Eastern Caribbean State citizens or residents only.
Euro Pacific Bank provides its customers with four trading platforms:
- GTS TradeStation is a platform intended for desktop users.
- GTS WebTrader is a platform that is aimed at internet users and can be accessed via the web. It can be used without the need of a MetaTrader platform.
- GTS MobileTrader is a platform designed for mobile users so that they can manage their accounts on their cell phone.
- MetaTrader4 is the most popular and extensively used electronic trading platform. Traders can get this platform from the Euro Pacific Bank’s site and begin their forex venture.
The feature that stands out among its customers is the ability to open sub-accounts in various foreign currencies. This allows clients to buy global stocks and receive dividends in their local currency without having to waste money on foreign exchange fees.
Moreover, the platforms it offers are very customizable. Users can view multiple charts on the same page, making it easier to keep all stocks up-to-date and visible. The charting software the platform contains is clean and provides a scale of 1-minute intraday to monthly chart data. Also, the drag and drop functions made organization of the dashboard so much easier and simple so that the user does not feel restricted when placing the modules.
One feature that catches the user’s attention is the “Trade Maker”. The application enables professional traders from over the globe to offer trade setups including entry, exit, and stop. The tips given includes CFDs, forex and at times standard equities. The good thing is that the application is available free of cost, making trading easier for its customers.
Furthermore, the Quick Start Guide and Videos help users get acquainted with the new software, thus giving them more time to focus on their trade.
Euro Pacific Bank is different from other banks because of the client focused service and support it provides. Bankers are ready to provide recommendations and assistance based on Peter Schiff’s economic analysis and insight. Although the bank employs an online banking system, it does not provide its customers with online help forms and phone menu systems. Instead, clients can quickly approach the bank through phone, email, and Skype.
Although the non-availability of services for US residents is the biggest drawback, its access to global markets, lack of monthly/yearly maintenance fees and foreign stock holding charges, and easy-to-use interface make it one of the most renowned forex brokers in the market.
Office website: https://europacbank.com/