Euprofits Review – All You Need To Know About This Fake Company
Euprofits broker is not quite transparent about its activities. They claim to be registered in Belgium since 2005. But whois.com analysis shows that the website was created just recently, in 2023.
That’s just one of many irregularities. But the information that you will find in this Euprofits review will definitely shock you. Stay tuned!
|Regulated By:||No Regulations|
|Is This Company Safe?||No|
|Have Warnings From:||BaFin|
|Registered In:||Belgium (allegedly)|
|Trading Platforms:||Web trader|
|Deposit Bonus:||Not available|
|Trading Assets:||Stocks, Cryptos, Commodities|
|Free Demo Account:||Not Available|
|How To Withdraw From This Company?||With a literally duplicated website that has the warning from German BaFin, we can’t trust this broker much either. But if you experience any withdrawal issues contact our refund team immediately.|
Legal Info: Is Euprofits Legit Or A Scam?
Euprofits is an absolute scam. Primarily, they are not licensed by local regulator FSMA. Neither do they have any other Tier 1 license, for example, BaFin, ASIC or FCA. Therefore, all the protection and safety measures they might promise fall down the drain.
On top of all, Euprofits.com is exactly the same as Swissalgo.com. The whole website is just copied. Keep in mind that SwissAlgo has a warning from BaFin. So, it’s just a matter of time before Euprofits ends up on warning lists.
Who Are Euprofits’s Clients?
Euprofits scam broker is mainly targeting Europe. Thus, for many of their activities, they should have a valid license. Yet they don’t. Some of the mainly targeted countries are:
- United Kingdom
If you have a negative experience with this broker, let us know. Ultimately, our chargeback team can give you advice on the next steps.
Trading Fees, Spreads, Commissions, Leverage and Taxes
As can be seen on the Euprofits website, none of the trading conditions are transparent. Except for the insanely high leverage of 1:400, which is not allowed for any Europan-regulated broker.
But it’s important that they guarantee weekly wins. Sure! Without transparent conditions, no broker can be legit. Otherwise, why would they hide something like that?
Currently, the company doesn’t offer any bonuses. Neither do they mention it in the terms and conditions. Yet, we advise you not to accept any. Most of the time, they will provide you with additional conditions that will prevent you from withdrawing any funds.
Euprofits Trading Features
All the trading features with Euprofits scam broker are completely fictive. They don’t provide transparent information about the trading software either. That tells you how much Euprofits is legit. Not to mention promising profits which is generally forbidden. Ultimately, if they can guarantee you profits, why would they need your money then?
Is Euprofits Legit?
Euprofits broker is an absolute scam. In the first place, they don’t reveal ownership details. Secondly, they are not regulated anyhow. Lastly, they are promising profits plus there are shady trading conditions and no funds protection features at all.
What else do you need to recognize this scam? Here are some more tips that you can find in our JAFX review.
Available Trading Assets
Available assets are also questionable with this broker. Even though they claim to offer some, that might not be necessarily true. Anyway, they seem to offer:
- Commodities – gold, platinum
- Stocks – Microsoft, Google
- Crypto – Bitcoin, Litecoin
To get even better confirmation of their fraudulent activities, just check their account types. There are 5 options. Yet, all accounts just contain false promises. Such as early access to IPOs, special financial planning, special offers and membership and similar stuff. Anyway, those are:
- Basic – $250
- Standard – $10.000
- Silver – $50.000
- Gold – $100.000
- Platinum – $200.000
Mobile Trading App
Since the broker is hiding its technology, most likely it’s not the one for bragging. Therefore, dedicated mobile apps can’t be expected from this scam broker. Otherwise, they would proudly present it. Another great example of a scam broker you can find is in our GfxRoyal review.
Same as the mobile apps, a demo account is non-existent. Therefore, you have the option to risk $250 with this scam broker or to be patient and find a Tier 1 licensed broker. Ultimately, the choice is yours.
As for education, Euprofits scam broker offers a so-called educational package. But it’s not specified what it includes. Also, there are webinars, seminars and video tutorials. But if that’s really what you get we are about to see.
Considering missing regulations and withdrawal policies, you can expect a wide range of withdrawal problems. Starting with AML laws, non-existent fees and taxes. But also verification issues. This scam broker is unregulated for a reason. Therefore, avoid it at a wide angle.
As for the contact options, Euprofits provides a phone number, e-mail and online question form. Thus, the response from their customer services most likely depends on your request. If you are having withdrawal problems and you can’t get hold of them, you should talk to professionals immediately.
Key Information To Consider About Euprofits?
Primarily, you should consider the missing regulations. That tells you already enough. After all, the cloning of the company under investigation is not the smartest move. Watch out for how long it will take before this broker is exposed as well. But don’t make yourself their next victim.
But if you already did, don’t bother with worrying. Our specialized refund team can advise you on further steps to getting your money back. Whether you need chargeback or CipherTrace to track crypto, it’s one message away from you. Get in touch with us today!
What is Euprofits?
Euprofits is a fake Belgian broker offering trading services without adequate authorization from trusted regulators.
Is Euprofits Legit or a Scam?
Euprofits is an absolute scam. They are a clone firm of SwissAlgo that is under investigation from BaFin. Also, they are not regulated and they are hiding relevant information.
How To Withdraw From Euprofits?
Most likely, you will have to use alternative methods like refund or chargeback. If you face any withdrawal issues, contact our team for advice.