EAFX (Eafx.pro) is a hell of a scam that has reared its ugly head in the Forex trading world. Offering currency pairs, CFDs, gold, oil, and stock indices, EAFX.pro has scammed thousands so far. We received word from a person who lost everything in a matter of seconds while dealing with EAFX. Read this detailed and honest review and find out why you should STAY AWAY from it.
Using a MetaTrader4 platform, EAFX.pro is a website that we sadly noted was anonymous. Yes, this means that we don’t have a clue where it’s based. This makes it a dangerous forex brokerage for obvious reasons. Also, it’s not regulated and their trading platform cannot be downloaded.
Having a platform that cannot be downloaded further raised our concerns regarding the credibility of EAFX. We also have no information on who or where the website is being maintained. We also don’t know who owns the company. There’s no mention of the developer anywhere on the site’s homepage.
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Since we found out that EAFX.pro is an anonymous company, it’s safe to say EAFX IS NOT REGISTERED. We tried getting information from their website regarding licensing and registration. Whether or not EAFX is regulated by any known financial institution remains a mystery. One thing we have is a contact detail that points to Estonia. Also, they have a UK phone number. Isn’t this hilarious?
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How can a legitimate forex broker company have two addresses at the same time? We can smell a scam from a mile away and this is a scam in the making. Thus, we decided to check and clarify with the UK markets regulation body. We contacted the Financial Conduct Authority and they confirmed no Forex broker under that name is registered.
All Forex Brokers who are conducting business in Europe, America, Asia, Africa must be licensed. When dealing with Europe, legitimate Forex brokers must get licensing from official EU regulators. Trading with unregulated brokers leaves you open to huge risks. EAFX is confirmed to be one such broker. Unregistered and unlicensed!
We have no evidence proving that they offer MT4 or MT5 platforms. Remember, when we tried downloading, it was impossible to get their platform. Thus, we could not be able to register an account since they don’t offer any downloadable trading software. Also, this is proof that they don’t really offer CFDs. How could they if we can’t test their trading platform?
EAFX IS NOT REGULATED. Note that when you are dealing with an unregulated broker, your money is not safe. Why? You hard earned money’s safety solely depends on the trust and integrity of the broker. Experience suggests that Forex brokers who are not regulated are most likely to be scammers. EAFX is not an exception.
What’s funny about EAFX’s website is that they don’t mention anything about their account types. No information regarding leverage being offered, trading costs, or initial deposit required. Lack of such necessary information has led us to believe this is nothing but a scam. What this does is lower the credibility of EAFX as a broker.
These scammers claim that it’s an award winning forex broker. Folks, the only award they have is being top notch scammers. They are simply using this to assure members of their legitimacy.
Notice how scammers offer bonuses without members having to make any effort. It offers bonuses to members that are bound to terms and conditions. Always read everything regarding terms and conditions before signing up with Forex brokers.
Why deal with Fake brokers such as EA FX when you can use Legitimate and approved brokers? With recommended and trusted brokers, your money is safe. You also stand a chance to make reasonable profits. Don’t you want to feel comfortable when investing your money? Only use regulated and licensed brokers to achieve all these.
As we earlier mentioned, if you accept any kind of bonus it offers, you are in trouble. According to EA FX rules, members are not allowed to withdraw unless making trades 40 times bonus amounts received. Isn’t this a load of Bull?
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EA FX has also capped a maximum withdrawal amount. Yes, members are not allowed to withdraw more than 50GBP. We have to say, this is without a doubt unusual. Why would you limit the amount of money to someone who has invested heavily? It only proves that these people don’t want members to withdraw. Simple as that.
You will get a link showing you how a person has made millions trading with this product. These scammers use a simple technique. Get quick money without having to make any effort. You are promised fast and easy returns only if you sign up. All you have to do is register with them by giving your email and phone number.
Once you do this, you are directly linked to another EA FX broker who is unregulated. This broker will ask you to make an initial deposit of around $250. Once you do this, scammers ensure that your account makes only winning trades. This means that your account will at the end of the day have nearly $5000.
Once this is done, you will receive a call from an account’s manager asking you to deposit more. The reason you get a special call is to make you feel important. Yes, these scammers have call centers where they make calls to entice you to invest more. You will be asked to deposit around $10,000 for you to make a real profit according to account manager.
Sorry if you have been scammed by these fraudsters. We urge you to immediately file a chargeback with your credit card provider. If you had given your banking information, ensure you cancel or block your card.
Also, make sure you replace your online banking password. This way, scammers will not have a chance to steal from your real account.
EAFX IS A SCAM that has caused ripples in the forex world. It’s best that you stay away by ignoring all junk emails. We have received numerous complaints about it and this kind of scam must be fought with everything.
We have no other option but to blacklist EAFX as a scam. Stay away from it and ensure you stay safe.
Instead of dealing with Fake brokers, there are legit and trusted Forex brokers. Yes, you can make some money dealing with Forex if you get the right partners. Sign up with tested and recommended forex brokers to get a piece of the Forex trading pie!
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