There’s something incredibly enticing about a website covered in blue and white and sprinkled with little yellow stars. Combined with the prefix “eur-” and a word associated with money such as “investing,” it delivers a powerful attention-grabbing message that the broker is EU-approved. But how can one be sure?
Enter the Eurinvesting Review! Keep reading to find out how this unscrupulous broker lays down traps to defraud its clients.
Additionally, we strongly advise you to avoid the fraudulent brokers HighTrustCapital, ETF Corp, and Profits Vision.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Levictus LTD|
|Headquarters Country:||Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960|
|Minimum Deposit:||100 USD|
|Cryptocurrencies:||Yes – Bitcoin, Ethereum, Ripple|
|Types of Assets:||Forex, Crypto, shares, indices, commodities|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is Eurinvesting a Safe Trading Company Or a Scam?
Do you know which class all these scammers hated the most in school? Geography! Appearing all European with a Marshall Islands address while claiming to be under the jurisdiction of South Africa’s Financial Sector Conduct Authority (FSCA) will make your plan go up in smoke. Also, the alleged owner of Eurinvesting does not exist anywhere.
Of course, when you have such a series of contradictions, you don’t need to bother checking but we did it anyway for the sake of solidifying our claim that this shady broker is unlicensed. And we were right, no records on the websites of the FSCA or the European Securities and Markets Authority (ESMA).
Why Is Trading On a Licensed Broker’s Platform Preferable?
It is essential that you trust a licensed broker with your funds. They should possess a license issued by a Tier 1 regulator such as the FCA, ASIC, ESMA or BaFin. Stay away from these shady offshore entities that falsely claim to be authorized.
Is Eurinvesting a Legit Broker or a Scam?
Eurinvesting, despite its compelling name, is an offshore trading firm. According to reviews, it cannot be trusted.
What Trading Software Does Eurinvesting Offer?
On the fraudulent broker’s website, we get a glimpse of its supposed trading platform in form of a screenshot. Similar to fast food chains, the advertisement is so grandiose and the final product is all bland and mushy.
Although, expectations for WebTrader should never be high since it cannot provide the advanced features that Meta Trader 4 & 5 do. Additionally, upon creating an account, the time it took to load exceeded a minute, which is alarming.
What Do We Know About Eurinvesting Account Types?
When it comes to account types, Eurinvesting claims to offer four of them:
- Standard – min. deposit ($250);
- Professional – $10,000;
- Business – $30,000;
- Business Plus – $100,000.
Except for the Standard account, all other types assign you a manager, deposit bonuses and the possibility of an Islamic account. Have you noticed an irregularity? On the “Home” page, it says that the minimum deposit is $100 and here we have $250.
Another error occurs on the registration page where you get offered entirely different account types (Micro, Premium, Pro, VIP and Zero Fixed).
Also remember the names of the Everrise Brokers, IKICI and Axiance trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Promotions – Terms of Bonuses
Eurinvesting could be Francis Drake and sail around the world for all we care but the moment the financial swindler mentions considerable bonuses, forget about trust! Bonuses are banned by most renowned financial regulators and for good reason.
The broker’s policy forces you to keep investing and trading by requiring “4.0 million trading volume per $100 bonus credit received.” If countless bonus clauses are imposed on you, it will be impossible for you to collect your profits, provided you make any.
Leverage, Spreads and Fees
The leverage for Forex pairs reaches 1:1000, which is absurdly high even for professional traders, let alone retail ones. Eurinvesting did say that such high leverage requires the prior consent of the company but emphasizing it like that without disclosing the realistic ratio is wrong.
Spreads are quite favorable and start from 0.2 pips on certain instruments but that does not really matter at this point. As for fees, all fees exclude the infamous bonuses and closing an account would cost you 30%.
What Is Known About Eurinvesting’s Trading Conditions?
Trading a wide range of assets with low spreads seems exciting but considering that you’re stuck with a web-based platform and potentially illegal leverage, it might not be such a good idea. Additionally, since the shady broker has no license, nobody guarantees that you’ll profit.
Eurinvesting keeps boasting about its enviable bonuses without focusing on the fundamental aspect of trading i. e. a good platform. Whichever min. deposit of the two mentioned may be, we advise you not to give it to the con artist.
Scammed by Eurinvesting Broker? – Let Us Hear Your Story
It’s perfectly understandable why someone would fall for this malicious scheme. The website looks promising, the offer is there, abundant trading assets, a whopping 50% welcome bonus, etc. However, we can reassure you that there are ways to get your money back! If you’ve paid via credit card, wire transfer or crypto, then consider a chargeback, recall or wallet tracing.
But What Are Those Methods?
- A chargeback applies to credit/debit card transactions.
- The bank performs it in order to refund your money but you must request it within 540 days.
- Wire transfers can be reversed via recall.
- It only works if the transaction hasn’t been completed so act fast!
- Crypto transactions could be traced to a wallet. Then, you request a refund from the exchange in which the wallet was found.