EpsilonFx Review: Is This Broker Worth Your Investment?
Are you thinking about investing in EpsilonFX? Before you do, knowing the truth about this trading platform is important. Our scam investigators have researched and deemed EpsilonFx a scam. Despite its fancy appearance, the website has received poor reviews and has been found to engage in fraudulent practices. In this EpsilonFX review, we’ll explore the reasons why our investigators reached this conclusion. If you want to protect your hard-earned money, keep reading to learn more about why you should avoid this company.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||n/a|
|Owned by:||EpsilonFX LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Platforms:||WebTrader, MT5|
|Cryptocurrencies:||Yes (Bitcoin, Ethereum, Dogecoin)|
|Types of Assets:||FX, stocks, commodities, crypto, indices, and shares|
|Free Demo Account:||No|
|Accepts US clients:||No|
Is EpsilonFx a Regulated and Licensed Broker?
If you want to invest with EpsilonFX, it’s critical to know whether they’re a regulated and licensed broker. The website claims to be owned and operated by EpsilonFX LLC. However, our analyses have found no such registered company in either the US or Saint Vincent and the Grenadines. This leads us to believe that the website’s owners have made fraudulent claims about the company’s existence.
Besides, the website provides no information about any financial licenses they may hold. Given that the site was only launched in January 2023, it’s highly unlikely that they have obtained any. It’s crucial to invest your money with a regulated and licensed broker to ensure the safety of your funds. In light of our findings, we advise you to avoid EpsilonFX at all costs.
Before investing in this company, it’s important to know the truth about it. We have found that EpsilonFX is a scam, despite its grandiose appearance. In this EpsilonFX review, we’ll explore why our investigators call it a scam and why you should avoid this company to protect your hard-earned money.
The website does not provide any details about who is behind the platform’s operations. This is a common characteristic of trading scams. Scammers typically hide behind aliases and stolen identities, and Epsilon FX seems to be no exception to this rule. Also, the website provides no links to social media profiles, making it harder to check the authenticity of the platform’s management.
Our team conducted detailed searches of the regulatory databases for FCA (Financial Conduct Authority), ASIC, and BaFin to see whether EpsilonFx is a regulated broker. Sadly, our searches yielded no results, revealing that EpsilonFx is not licensed by any of these regulatory bodies. The lack of Tier 1 regulation is a red flag for everyone.
What Do Traders Think About EpsilonFx?
At the time of writing this EpsilonFx review, the total number of Trustpilot reviews for the broker was just 2. The TrustScore is calculated on a scale of 1 to 5 stars, with 2.9 being the current score for EpsilonFx, which falls under the ‘average’ label.
However, all Trustpilot reviews for EpsilonFx are negative, with a 100% 1-star rating. This is concerning for potential investors as it indicates that the platform has failed to meet the expectations of its users.
EpsilonFx Platforms – A Software Comparison
According to EpsilonFX, their trading platform is web-based. However, when we attempted to access it, we failed. It’s not rare for offshore brokers to have unreliable trading software, and this seems to be the case with EpsilonFX.
We wouldn’t recommend trusting them even if they had access to reliable software like MT5. Manipulating trading software is popular among dishonest brokers. So, it’s crucial to protect yourself from their schemes. We advise only investing with companies with a solid trading platform and reliable regulatory oversight.
What Financial Instruments Does The Platform Include?
EpsilonFX advertises that its platform offers a wide variety of financial instruments. These are Forex (EUR/USD), stocks (TSLA, AMZN), commodities (precious metals, energies), crypto (Bitcoin, Ethereum, Dogecoin), indices (S&P 500), and shares.
While these assets are commonly presented by many trading firms, it’s worth pointing out that more reputable companies often provide additional asset classes like ETFs. Sad to say, EpsilonFX is not competitive in this regard.
EpsilonFx – Countries Of Service
Recent reports have surfaced suggesting that EpsilonFX has been targeting traders from multiple countries. These are the United Kingdom, Australia, the Netherlands, Sweden, and Mauritius.
Unfortunately, it seems that many traders from these countries have fallen victim to this broker. This serves as a warning to traders to always do their research and be wary of offshore brokers that operate outside of reliable regulations. Investing with a respected and licensed broker is always the safest option to protect your investments.
Account Options Offered by EpsilonFx
EpsilonFX offers five account types: Bronze, Silver, Gold, Premium, and Diamond. Bronze is the entry-level account, while Diamond is the highest tier.
However, it is important to note that investing with this broker is not recommended due to numerous fraudulent reports. If you are looking for a reliable broker, do your research and choose a regulated and reputable one. This goes without saying!
Note: Approach firms like EpsilonFx and Fxbfi with extreme caution as they have been scrutinized within the investment community.
Can a Trader Use a Demo Account?
Beware of the possibility that this broker does not offer a demo account. This means you won’t be able to try out the trading platform and its features without putting your hard-earned capital at risk.
Demo accounts are essential for everyone as they allow you to practice strategies and techniques in a risk-free environment. Without a demo account, you may have to learn and make costly mistakes with real money.
Terms of Service for EpsilonFx
As with most broker scams, EpsilonFx’s terms of service are filled with vague and confusing language. The terms contain clauses that allow EpsilonFx to change the terms at any time, without notice, and to suspend or terminate accounts.
The terms also state that the client is responsible for any losses incurred while using the platform, regardless of the cause. Keep this in mind.
Leverage, Spreads, and Fees
The spreads mentioned by EpsilonFx start at 1.2 pips. Yet, this is quite high compared to reputable firms that set it at 1 pip or less. In addition, the broker advertises leverage of up to 1:200. This may seem tempting, but it is often offered by offshore brokers that are no more legitimate than this one.
They use low-margin rates as a marketing strategy to attract inexperienced traders. However, it’s crucial to consider whether you can handle such high leverage before engaging in it. Remember to ask yourself whether you are dealing with a licensed firm and evaluate your own trading experience before making any decisions.
Ways to Resolve Problems with EpsilonFx Broker Scam
If you’ve been scammed by an EpsilonFx or ViaChains broker scam, don’t despair! We’re here to help. Our team of experts is well-versed in dealing with these kinds of scams, and we’re committed to helping you recover your money.
We know that the EpsilonFX scam has affected many people, but you don’t have to face it alone. We’ll stand by your side and offer the support and guidance you need to navigate this difficult situation. Our goal is to fight for your rights and ensure that you get the justice you deserve. So don’t hesitate to contact us as soon as possible.
What Is EpsilonFx?
EpsilonFx is a broker that has been identified as a scam due to fraudulent practices.
Is EpsilonFx a Regulated Broker?
No, EpsilonFx is not a regulated broker. It is unregulated and therefore not authorized to offer financial services.
Is EpsilonFx Available in the United States or the UK?
No, EpsilonFx is not available in the United States. Yet, it is trying to scam clients from the UK.
Does EpsilonFx Offer a Demo Account?
It is unlikely that EpsilonFx offers a demo account. As a scam, they are unlikely to offer any legit services.