E Forex Review: Your Trusted Partner for Forex Investment
E Forex Review: Your Trusted Partner for Forex Investment

E Forex is the suspect of our today’s review. Read a detailed analysis of the investment company to understand whether it is legitimate and whether you need to cooperate with it.

Broker status: Regulated
Regulated by: Vanuatu Financial Services Commission
Scammers Websites: eforex.com
Blacklisted as a Scam by: N/A
Owned by: Unknown
Headquarters Country: Kuwait
Foundation year: 2011
Supported Platforms: MT4
Minimum Deposit: N/A
Cryptocurrencies: No
Types of Assets: Forex, Index, ETFS, Commodities, Equities
Maximum Leverage: 1:400
Free Demo Account: No
Accepts US clients: No

What About E Forex Regulation?

When visiting the official EForex broker website, you will definitely notice a separate section related to achievements and certificates. However, should we trust logo pictures without any trustworthy evidence? Let’s find this out.

Apart from the fact that the official website remains silent about management, you’ll find quite strange content in the ‘About us’ section. Although the site’s default language is Vietnamese, users are offered an English version.

As for the English passages, they are completely illiterate and disgustingly translated, despite the words “professional” repeated several times. In addition, most of the content is not available in any other language besides Vietnamese.

A negligent strategy of creating content indicates a lack of interest in caring for international potential leads, so it seems like the site is hanging on the net aimed at random inexperienced risk investors.

E Forex Warnings From Financial Regulators

So, they present themselves as a reliable company regulated by ASIC and Vanuatu. Our experts checked both databases but were confused. ASIС claims that the organization has been deregistered. 

In addition, we can observe the classic image of fraudulent broker registrations without any detailed information about the owners and addresses. 

As for Vanuatu, there is no more information in the PDF file attached to the main registration data than is available on the suspicious broker’s web page. No location data, no updates on Ho Chi Minh City and Kuwait City offices, and no public information about the owners.

In addition to the above, we strongly advise you not to invest in IdealinvestFX, TradingTech and Smart Trade Group fraudulent brokers.

E Forex Trading Instruments

EForex claims that their clients will be protected by a reliable MT4 trading platform, which is their only significant advantage so far. Indeed, MetaTrader 4 is an excellent choice due to its wide functionality, the ability to build detailed charts, use trading assistants and install additional software.

However, we cannot be sure that this is not just another trick of scammers to create an image of a trustworthy company, so we would recommend cooperating with regulated brokers offering the same conditions.

Withdrawing Funds Issues

According to complaints from previous clients, problems will start as soon as your investment begins to generate income. As it often happens in the case of deceiving brokers, you will be charged extra money, taxes, percentages of earnings, etc.

So, if you are faced with an organization that inclines you to pay commissions that weren’t mentioned in terms of cooperation, you probably won’t see your investments in your bank account.

Most Of The Victims Live In Europe

Doubtless, the claims of the scammers about certification, which is so important for EU citizens, make them believe in broker’s reliability. Most of the deceived people are citizens of Italy, Spain, and Portugal, while we still have no idea about the physical location of the company’s owners.

Traders About E Forex Scam

We found some reviews from dissatisfied traders available in open sources. Among the most widespread problems were ignoring clients’ issues by tech support, unreasonable closing of positions, and, of course, the sudden disappearance of managers after questions about the withdrawal of funds.

While we didn’t find much feedback, 100% of what we’ve seen was negative.

How Do Scammers Manage to Deceive People? 

There is no universal structure of investment fraud, but we know for sure that organization’s managers are experienced manipulators who don’t care about your financial status, life hardships, and morality itself. For them, only your money matters. So throughout time, their methods become more sophisticated, and people don’t always understand that they are being defrauded.

Also remember the names of the IqToro, NBH Markets and Alvexo trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by E Forex Trading Company? – Tell Us Your Story

In contrast to our antagonists, our team of experts is never indifferent to any story. Our experienced professionals are glad to hear your claims regarding the scammers you are facing at any time.

But What Is A Chargeback?

Chargeback is what will return you faith in trading and a happy life without worrying about financial troubles. Contact our team in any way convenient for you, and we’ll do our best to solve your problem.

What Is E Forex?

EForex is a “society” that positions itself as a reliable broker offering a wide range of opportunities for trading and increasing capital. However, their statements have little to do with reality and are fake.

Is E Forex A Scam Broker?

It is definitely a fraudulent association as it turned out from our research and numerous complaints from deluded retail traders.

Is E Forex Regulated?

We didn’t find any regulatory data that would point to the reliability of this organization, since the EForex trading company doesn’t have any secure licence.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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