EuropeFX reviews – European broker or scam?
New brokerage companies often appear on the network, and today we will consider another representative of the industry – EuropeFX . The broker claims to be of European origin, but to what extent does this statement correspond to reality? This article will help you understand the legality of the transactions. The trader will find out if it is advisable to cooperate with this company.
Commercial offers of EuropeFX. How does the company work?
The exchange intermediary invites you to start on an advanced trading platform by downloading it to your mobile device or personal computer. Representatives of the brand claim that a client can receive more than 300 financial assets and trade them with spreads from 0.1 pips. Leverage reaches a ratio of 1:30, as in many licensed firms , but low leverage is not yet a guarantee of high-quality services. To get information about the real strengths and weaknesses of the company, you should pay special attention to the reputation on the network.
The starting threshold for entry is 200 euros. With this amount, a trader can start on the EuropeFX platform. The company promises its clients transparent execution of transactions using STP technology. By choosing one of the many financial assets, a trader can make money on global indices, commodities and currency pairs. The work is carried out in the Metatrader 4 terminal.
The firm talks about creating a unique trading environment without dumping operations. There is no conflict of interest between the broker and the client, which makes it possible to work together on one goal. The founders of the project declare that their only earnings are modest commissions, which are prescribed in advance in the agreement with EuropeFX. A review of customer testimonials has shown that a broker may not always be honest with his client and sometimes cheat.
Training with EuropeFX on the official website
Education is an important part of becoming a professional trader. Realizing this, the founders of the brokerage company have developed a special section on their web portal. They actively attract newcomers, providing them with all the necessary knowledge. EuropeFX educational materials include:
- Academy – here you can get full training from videos.
- Economic Calendar provides an overview of the most important market events. The client receives an information summary on the publication of reports, changes in interest rates and other nuances of work.
- Articles and tutorials will help you understand the terminology, master the basic principles of pricing.
- Webinars – online lessons conducted by EuropeFX specialists. The broker provides an opportunity to communicate with a specialist in real time, ask important questions.
- Trader’s tools help to better analyze the world markets, placing bets on the most promising assets.
- Market reviews are published by professional analysts. These tips will help you enter and exit the market in a timely manner and make the most profitable deal.
To get free access to educational materials, you must register with the brokerage system. Any participant of the world market except UK residents can cooperate with this broker. The company claims to have earned the title of Best Broker in Germany 2021. europefx.com does not have any documentary evidence of access to global markets. A stock player may have serious doubts about the decency of the company.
EuropeFX Brand Score: Reviews from Real Customers
There are very few comments on Russian-language sites, therefore, to analyze the professional activity of a broker, we will use messages from foreign traders. Affected stock market players talked about how they lost tens of thousands of pounds on the banal scam EuropeFX . The personal account does not reflect all the necessary information, and the exchange player has to find out the size of the margin security. The client loses huge amounts, after which his manager continues to persuade him to deposit additional capital.
The audit showed that EuropeFX was completely insolvent. Negativity is found on many thematic sites. Brokerage employees act obsessively and brazenly deceive people for their last funds. After the market fell, a person lost thousands of dollars, after which he tried to contact technical support. Managers often ignore the messages of their clients, they only respond when it suits them.
We do not recommend cooperating with such companies . Apparently, their only goal is to empty other people’s wallets. The brokerage office does not provide the declared services and is not at all popular among traders from the CIS countries. On foreign sites, she is given extremely low marks, accused of fraud and extortion.
