Crypto EU Review – Brand New Broker Cryptoeu.net Turns To Be A Scam
There are so many inconsistent things about Crypto EU broker that we just had to research. We have to try and understand who this firm is and whether or not your money is safe. Read this review and you will understand the level of scheme you’re being dragged into.
|Blacklisted as a Scam by:
|Types of Assets:
|FX, commodities, indices, shares, cryptocurrencies
|Free Demo Account:
|Accepts US clients:
What About Crypto EU Regulation?
Crypto EU claims to be based in the UK and working under the FCA regulation. However, the company registration number they provided, HE 367623, belongs to Cyprus-based firm Degalmo Enterprises Limited. So, does the firm operate with an FCA or CySEC license?
Why Must a Broker Have a License?
Brokers ought to have a license to prove they’re legitimate firms, and they’re going to deal carefully with your funds. While Crypto EU claims to provide a high level of security and keeps funds in EU banks, there’s no proof of that. It turns out that neither CySEC nor the FCA have ever regulated broker, and the Cyprus-based firm has nothing to do with this online scheme.
Furthermore, we found one more company using the same registration number, with exactly the same website – UXTrades. It seems that the scam is widespread, and Crypto EU is just a part of it.
Traders Reviews About Crypto EU Scam
The majority of Crypto EU reviews come from:
Clients complain about withdrawal issues, the fact the firm is not actually regulated, and the non-existing trading platform. Basically, it looks like the firm is there to take an initial deposit and disappear.
Supported Trading Platforms – Available Trading Software
We don’t really know what kind of a platform the broker offers. Nothing on the website indicates whether the platform exists and which one it would be. The Account Types section implies that Android trading is enabled, but it doesn’t mention any apps or a WebTrader you can get.
We also have no information about leverage, spread, or other essential trading conditions. And that’s the main reason to avoid this illicit investment firm.
Everything About Crypto EU Accounts
The broker offers 3 account types.
- Bronze – $25,000
- Silver – $75,000
- Premium – $150,000
Upgrading brings daily signals, a personal educational session, and multiple trading assets. However, we’re unsure whether you have to start with $25,000 initially or the firm will accept something lower.
Crypto EU Range of Trading Instruments & Markets
According to its website, the broker offers to invest in:
- Currency pairs
Since there’s no Demo account or even a platform, we couldn’t verify this.
Crypto EU – Bad Trading Conditions
Well, technically, we cannot qualify trading conditions as bad since we don’t know any. And that’s a bad sign itself. If you don’t know the leverage, you’re unaware of the risks. If you have no information about spread, you cannot know the commission you will be charged, and you can easily be defrauded. And, of course, if you have no platform, you cannot place any trades, so without the further add-on, we will conclude – Crypto EU is a scam boiler room that you should avoid.
Scam Trading Bonuses
The company offers bonuses but never mentions its malicious Bonus Policy. According to it, you have to repay the bonus amount plus the initial deposit 25 times before being able to submit a withdrawal request. And that’s just another way to make you invest more and more and put you in a loop without payouts.
Crypto EU Deposit and Withdrawal Methods
The trading company says to accept the following payment methods:
- Debit/credit cards
- China UnionPay
Again, there’s no way for us to confirm these methods. If you decide to go with this firm, we advise you to use a credit card, as you’re entitled to request chargeback within 540 days.
Are You Already Involved With Crypto EU? – Share Your Story With Us
Suppose you have been scammed by Crypto EU or a similar bogus broker. Let us know and our chargeback specialists may assist you with a refund.
But What Is A Chargeback?
This is a way for your bank to reverse the transaction and recover your funds. Since the process is time-limited, it’s important to act now. Contact us right away to book a free consultation, and let’s start.
What Is Crypto EU?
Crypto EU is an unregulated Forex and CFD trading provider.
Is Crypto EU a Scam Broker?
Crypto EU faked its trading firm and headquarters, indicating it was a scam firm.
Is Crypto EU Available in the United States or the UK?
The broker provides its services in the UK but doesn’t operate in the US.
Does Crypto EU Offer a Demo Account?
Crypto EU doesn’t offer a Demo account, only Live types.