EuroXTradeFX.com Reviews Scam Or Legit Forex Broker?

Heard of EuroXTradeFX.com trading platform? Really want to find more details before choosing the broker? You can carefully read the EuroXTradeFX reviews to know about this forex broker whether to use or not.

This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.

EuroXTradeFX Homepage
Image via EuroXTradeFX.com

What is EuroXTradeFX?

EuroXTradeFX otherwise known as EuroXTradeFX.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients. 

Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.

What We Discovered about EuroXTradeFX Regulation

To begin with, EuroXTradeFX says its trading name, EuroXTradeFX Limited and an incorporation in St. Vincent and the Grenadines.

But, Saint Vincent and the Grenadines SVG is an offshore zone with no broker regulations in place. As soon as you open the website of the local Financial Services Authority you see a warning that the institution does not license forex and other types of brokers and does not supervise the activities of International Business Companies engaged in such activities.

Not all brokers registered in St. Vincent and the Grenadines are scammers, some of them are offshore branches of reliable international companies. This is not the case with EuroXTradeFX.com, however, they are just a shady unregulated entity.

More so, we saw another claim as a UK based broker owned by EuroXTradeFX Financial Services Pty Ltd. All of these may appear genuine for a beginner.

In order to clear the suspicion, we searched the Financial Conduct Authority (FCA), the regulatory body in the United Kingdom, and the advisory does not recognized this broker as an unauthorized entity.

It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

EuroXTradeFX Minimum Deposit

EuroXTradeFX has specified $250 as its minimum deposit requirements. For that much, some licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.

As for the funding methods, the broker accepts Credit/Debit Cards as well as Wire/Bank transfers as payment methods.

Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!

EuroXTradeFX Trading Software

EuroXTradeFX promises traders industry trading platforms – MetaTrader 5. However, we were not provided with any sort of download link for either of the two platforms either. As a result, we could not see what the broker’s terminals had to offer 

Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.

Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

EuroXTradeFX Licensing and Regulation

Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.

Having said that, it is not far from believing that EuroXTradeFX.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

Conclusion:

EuroXTradeFX.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.

Please share with us your experience in the comment section below. Thank you!

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1 thought on “EuroXTradeFX.com Reviews Scam Or Legit Forex Broker?”

  1. After 2 successful trades, I got scammed $50,000 cumulatively. I will advise you all not to invest your hard earned money on binary options and forex. It’s all facade as they lure you into investing a lot of money and then steal it at once. I got help to fight back hard till I recovered my money after months of agony and depression. I am willing to share my experience with other victims who might need help. Contact [email protected] they are professionals and helped me all the way thanks once again.

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