The Euro
The euro (EUR), which began circulating in 2002, is the youngest currency we offer. The European Central Bank manages the euro from Frankfurt, Germany.
The euro area, or eurozone, is a currency union of 20 of the 27 states of the European Union. (EU countries that don’t use the euro include Bulgaria, Czechia, Denmark, Hungary, Poland, Romania and Sweden.) The common currency eliminated the risk of dealing in multiple currencies.
The euro is essential to global trade. Per the International Monetary Fund, the currency makes up just over 20% of allocated global currency reserves, second only to the U.S. dollar.
About the European Union
GDP1
$19.42
Trillion
USD
Major Exports2
Equipment
Medicine
Cars
Chemicals
Major Export Partners2
U.S.
UK
China
Budget Deficit3
-3.6%
Trade Flows4
€176.9
Billion
EUR
Pros and Cons of the Euro
- One of the world’s major reserve currencies5
- Backed by a large and diversified economic block6
- Extremely deep, liquid financial markets7
- Shared monetary policy limits national flexibility8
- Vulnerable to political and structural fragmentation9
- Slow response to regional economic crises8
1. https://tradingeconomics.com/country-list/gdp?continent=europe
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://data.imf.org/en/datasets/IMF.STA:COFER
6. https://www.ecb.europa.eu/ecb/orga/escb/html/index.en.html
7. https://www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250617~7de14a39c3.en.html
8. https://www.ecb.europa.eu/mopo/html/index.en.html
9. https://www.consilium.europa.eu/en/council-eu/council-meetings-explained/ecofin/
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
How to Buy the Euro
Currency CD
Term
APY
3 Month
0.10%
6 Month
0.10%
9 Month
0.10%
12 Month
0.10%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
Need Support?
855.922.8853 (BATTLE)
Available Monday to Friday between 8:00 a.m. and 3:30 p.m. central time.
For your security, please do not send sensitive information—including account numbers, usernames, passwords, or Social Security numbers—to the support email, as it is not a secure channel.
