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EOCFX is already on the warning list of the FCA. The platform has been claiming to be regulated and doesn’t have any documents to prove it. Investors and members of the platform have also been facing a hard time trying to withdraw funds. And this is the reason why we have to expose the platform. You need to stay away from EO CFX or else risk becoming their next victim. Here’s our comprehensive EOCFX REVIEW.
According to their about us page, their vision is to create the best trading experience. The mission is to provide the best trading products and services. Other laid-out missions include creating the best technology and world-class platform.
All these seem to be a genuine idea, but there are several loopholes that we must point out. These include not having any legit papers or compliance. Without any compliance, the platform is a huge financial risk.
We also have a problem with their homepage and website in general. It’s a poor design with several vital pages missing. Information on valuable data such as leverage and available spreads is unavailable.
You would be safe if you would invest in dependable platforms with a proven track record. Go for platforms that offer the best way to invest. These include Coin staking, DeFi, and Masternoding. It’s the best way to invest and earn realistic ROI safely.
EOCFX, on the other hand, is a high-risk investment platform. We haven’t seen or heard of anyone profiting from the platform. And this is the reason we have to flag them down. No one should have to face what investors are going through.
Your priority as an investor is to look for viable platforms. Next, you should do some investigation and research on the platform in question. It helps you to make a better and informed decision on the platform.
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EOCFX doesn’t inform users of the available investment accounts. As a result, members are signing up blindly, not knowing what to expect with the platform. And this is why we need to be extra vigilant, as lack of such information leads to risks.
Without information on available accounts, the platform takes advantage of members. There’s no information on the required minimum deposit or leverage for the assets. You should know that the industry has set $250 as the acceptable minimum deposit.
Regulators in most jurisdictions also put a cap on leverage at 1:100. In the United States, leverage is set at 1:50 for retail traders. So we believe the platform is going way over the standard when it comes to leverage.
Some investors have been complaining of high deposit amount requests. The platform could ask for $5,000 and give the same features as one who deposits $500. As an investor, you should get value for your money.
There are five classes of assets and trading instruments available on the platform. These include commodities, crypto, Forex, indices, and stocks. In addition, you get to trade with well-known commodities such as sugar and wheat on the global market.
When it comes to Crypto, the platform offers Bitcoin, Ethernet, Leyte, and Ripple. With the Crypto market being volatile, we recommend investing in Crypto. You only need to find the right partner when investing.
Forex trading is their main area of attraction. You can trade various pairs, including major and minor pairs. Sadly, the platform fails to inform users of the available leverage on these pairs and trading assets.
You can also trade with leading international markets on the platform. These include DAX, Dow Jones, and NYSE. With international markets, you get to spread your risk, which is profitable in the long run.
When it comes to stocks, the platform offers leading international company stocks. In addition, you get to trade with major stocks such as the FAANG group. These are some of the most sort after stocks in the market.
Although the company claims to have over 400 employees worldwide, it’s not the case. We believe these are false comments meant to fool investors. Thanks to our keen eye, we know how to expose these scam artists.
There’s no professional profile on any network with information on the platform. We also don’t know the names of the owner, which makes EOCFX an anonymous platform. Despite claiming to be regulated by the FCA, there’s no record of such.
We did a quick search using the Company House UK for verification. But, unfortunately, there’s no company or entity registered under this brand on the registry. And this makes EO CFX unregistered and unregulated.
When looking for a reliable and viable investment platform, you should also look into the support structure. For example, check and confirm how fast a platform responds to emails. You should also check whether the platform offers direct lines of communication.
With eocfx.com, you don’t get any direct access to support. We believe the people behind it want to control the communication process. For example, when registering, they have your phone number, making it easier to call you.
Members who try to call through the number get to hold. When the line does go through, the platform will schedule a call. The call will be to request members to deposit more funds. According to support, the more you deposit, the higher your chances of winning.
There are several depository channels listed on the platform. You can deposit funds via bank and wire transfer. Members can also deposit funds via money transfer platforms such as M-Pesa. And this makes it convenient for all traders.
The biggest hurdle you will face as an investor is attempting to withdraw funds from the platform. Unfortunately, for the past few weeks, no member has had the chance to withdraw funds from the platform.
Without withdrawal, EO CFX ceases to become an investment platform. We believe these are offshore brokers trying to take advantage of naïve investors. And this is the reason why we have to shun the platform.
EO CFX is not a compliant platform, and the Financial Conduct Authority has issued a warning. The very same body EO CFX claims to have a license. There’s even a license number listed as NO: 217689.
These are false registry details meant to fool investors. You should confirm with authorities whether a platform is compliant or not. Without any certificates to prove it, the platform is obviously a scam.
Go for platforms regulated by well-known regulators such as ASIC, FCA, and the SEC. Other proven regulators include BaFIN, CNMV, CONSOB, CySEC, FINMA, NFA, and others. These regulators ensure all parties adhere to strict trading guidelines.
The platform seems to be using a custom-built trading platform. We recommend using proven trading terminals such as MT4, MT5, and SIRIX. With recommended platforms, you get advanced tools such as technical indicators.
With their custom-made trading platform, you don’t get to know the downside. Members have been complaining the platform is unstable. It makes it hard to place a trade at the right time, which makes members lose.
There’s no safety of funds with a platform that fails to inform users of the compliance state. The platform does not segregate accounts or offer insurance cover for deposits made. It’s best to stay away from such trading platforms.
We don’t recommend using the platform as it’s a high-risk investment platform. So please stay away from eocfx.com.
You should invest in better alternatives that offer safety and transparency. Try out investing with groundbreaking options such as Coin Staking and Masternoding. It’s the latest invention that investors are using to rake in ROI.
Feel free to leave a comment or email us with any queries.
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