EurTrades (Eurtrades.com) is a CFDs and Forex scam that has hit the lucrative commodities world. Eur Trades is claiming to be one of the most innovative brokers the market has to offer. EURTRADES is also promising users a profitable trading experience if they sign up with them. Kindly don’t sign up with this brutal Forex scam until you read this detailed review. Get to know the truth behind Eur Trades.
In almost all Forex scams, fraudsters come up with similar tricks to lure users into signing up. Scammers know for a fact that we all want to make a quick buck or two. That’s why they come up with selling points that show how they will make this happen. With EurTrades, nothing has changes with their scam settings. Promises such as users trading with over 200M trades can easily be seen.
You should know that fraudsters will say or do anything to try and make their products appear real. Homepage shows that they claim to have over 4M active traders, this is not the case and we can prove that. If indeed they have this number of traders, why haven’t we heard about them? Surely, the internet would have been bubbling with Eur Trades success. Why isn’t this the case? It’s because this is a gimmick to try and legitimize the platform.
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According to the disclaimer at the footer of their homepage, Brown Fox Limited is the owner of EurTrades. By their own admission, they claim that the company is registered in the Marshall Islands. This means that we are dealing with an offshore brokerage firm. Offshore brokers have been known the world over to flaunt set regulations and rules. Signing up with this broker is not recommended at all.
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Another disturbing feature that we noticed with ownership is lack of proper identification. No one knows who the real person behind EurTrades is. This broker has failed to mention the CEO or CFO of their mother company. In short, there are no real names given in regards to the people who made EurTrades. And this is a major concern for us as this platform is shrouded with anonymity. Anonymity is also a dangerous trait to have with any online investment opportunity.
What the disclaimer shows is not the true scenario when it comes to licensing and registration. Disclaimer at the bottom shows that Brown Fox Limited has a registration number 86020. It also claims that they have a financial registration number 14288619. As we always say, scammers will do or say anything to try and legitimize their products. All these are fake claims that we will clearly reveal why we believe it to be the case.
Where are their registration certificates and documents? A real broker will easily posts their registration documents for all to see. This is a way of showing transparency as well as approval from the financial regulatory bodies. Lack of this certificate is clear proof that we are dealing with an unlicensed and unregulated broker. EurTrades is not authorized to conduct any Forex business on behalf of third parties.
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Homepage clearly shows that this broker prefers MT5 trading platform. They clearly suggest that users can easily download the platform and use it. Reader, for a platform to be considered legit, it has to be compatible to all devices. This means that the platform must be compatible with desktop, mobile, and tablet. In order to test their platform, we decided to download the platform using the link on their homepage.
As we started downloading, there was a problem as download stalled at 26%. This is bad news for any user as it spells doom. Their platform us highly unstable and it means that users are vulnerable to cyber-attacks. Hackers find unstable platforms as easy prey for accessing credit card information and personal data. That’s why investors should not sign up with Eur Trades. This platform will lead you to more misery with your funds being mysteriously lost.
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EurTrades offers users three different account types to choose from. These account types include Bronze, Silver, and Gold. Bronze account holders must place deposit a minimum trading requirement of $500 to start trading. This amount is way too much considering the acceptable industry standards of $250. When it comes to Silver account holders, they must place between $1,000 and $2,499 to start trading.
Gold account holders must deposit over $2500 in order to trade with EurTrades. Leverage with all these accounts is the same, 1:300. Each account holder gets between one and three trading sessions depending on the account type. All of these accounts come with tech analysis and competitive spreads. Problem with these accounts is that they all have the same perks. Only difference is the training sessions where Gold account members get three sessions.
Security of funds is not guaranteed with Eur Trades. Here are a few reasons why we believe that signing up with this broker will not secure your deposits. For starters, there’s no segregation of accounts as they claim. This broker is pooling funds in one account which is a dangerous practice. Notice that they have failed to mention their depository bank? Did you know that members maybe depositing money into the owner’s personal bank account?
Another reason not to trust this broker with your funds is that they don’t participate in a compensatory scheme. In case of unforeseen challenges such as bankruptcy or insolvency, members will not be compensated by this broker. Lastly, this broker does not use SSL encryption to protect the website. This means that even a newbie hacker can steal funds by simply attacking the website. No one is safe with Eur Trades.
When it comes to depositing with this broker, they have this area well covered. Users can deposit using various depository channels provided. From Visa, MasterCard, Maestro, Neteller, PayPal, and Skrill depository options are well covered. This broker wants to ensure that investors can easily deposit money with whichever channel they prefer. Don’t sign up just yet, there’s more than meets the eye with EurTrades.
Withdrawing with EurTrades remains the biggest obstacle members face with this broker. No member has been able to withdraw any funds with this broker. They simply refuse to allow withdrawals by their members. What this broker is doing is giving excuses as to why members cannot withdraw money. One such excuse is that users have not reached the required trading volume to warrant withdrawal. A fake broker usually refuses members to make withdrawals.
Evidence clearly shows that EurTrades is a scam that is stealing from users who sign up. Best thing to do is to stay away from this broker. Make sure to ignore all pleas to sign up with them. Mark all their emails as Spam and never click on any links sent by their email marketing team. Don’t forget to warn your friend and relatives from signing up with this bogus Forex scam. That’s the only way to stay safe from these fraudsters.
Only option left is to add Eur Trades to our scam blacklist. With this in mind, we hope relevant authorities will look into this platform. Authorities should shut their whole operation down and save other investors from falling into this trap.
Always go for Reputable and Reliable Forex brokers that guarantee safety. Start making realistic profit margins with Dependable and Trustworthy Forex brokers today. This is a proven way newbie investors can make money with Forex.
Finally, we want to wish you all the best in your Forex trading experiences.
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