EuroFxFinance Review: Don’t Fell Into The Trap
EuroFxFinance has been blacklisted by the Italian regulator and shortly after shut down its website. All those involved with the broker were left with no money and had nowhere to complain as the company was operating illegally. Read our Euro FX Finance review and find out everything about this fraudulent online trading firm.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||CONSOB|
|Owned by:||EurofxFinance Limited|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, indices, commodities, shares|
|Free Demo Account:||No|
|Accepts US clients:||No|
EuroFxFinance Regulations and Security
EuroFxFinance is allegedly a brand of EurofxFinance Limited, based in Dubai. However, to operate from this country, any company would need to opt for a DFSA license. This regulatory body is considered one of the firmest financial authorities in the world. Despite false claims to be fully licensed, Euro FX Finance never got a license in Dubai, while the company is nowhere registered.
It means you can equally easily deal with an offshore firm or someone who opened a website without establishing any entity anywhere. Beware of the EuroFxFinance trading scam.
EuroFxFinance Warnings From Financial Regulators
Since we’ve determined that EuroFxFinance operates without any regulations, no wonder it was blacklisted by the regulators. One who noticed the company’s illicit activities is the Italian regulator, CONSOB. According to their warning, Euro FX Finance operates without a license and scams clients in the EU.
Fund Withdrawal Issues With EuroFxFinance
Unregulated companies are usually established with one goal – to extort as much money as possible and disappear. From what we saw, EuroFxFinance followed this exact pattern. Account managers took funds from thousands of clients, but the broker shut down its website and disappeared once payout came in turn. All those involved are now left to find their refund solution as no regulator will take responsibility for a fraudulent unlicensed trading firm.
If you were involved with the EuroFxFinance broker and had any issues, file a complaint immediately!
Also remember the names of the AvaChoice, GrandTrade and Profit Markets CFD trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Victims Of EuroFxFinance Scam
According to EuroFxFinance reviews, most victims are coming from Italy, Spain, Albania, and Germany. However, we shouldn’t forget that besides the USA, this fraudulent company had no restrictions. It means that clients from countries such as Australia, South Africa, and Singapore were also defrauded and facing issues with withdrawals.
Traders On EuroFxFinance Scam
Currently, going offline is the biggest problem for all EuroFxFinance scam victims. Since the website is down, nobody can log in to their trading account and access the funds. Support from the brokerage will not reply, account managers are unavailable and every possible contact is cut.
Therefore, traders’ complaints are mainly focused on withdrawals and amounts of money they have lost due to fraud.
How Does Online Trading Scam Work?
Many companies, including EuroFxFinance, don’t care about their investors or any terms and conditions. All they want is money. Once you apply for a trading ad, everything will be simple and easy. You’ll get help making an initial deposit, account managers will sound lovely and promising. Everything will go smoothly; you may even make some profit for a start.
However, asking for withdrawal is a game-changer as the company will never process your request. This is where you will be ignored and access to your trading account will be suspended.
Scammed by EuroFxFinance? – Tell Us Your Story
If you were scammed by EuroFxFinance, don’t get desperate just yet. There is a possible solution – a chargeback.
But What Is A Chargeback?
This is a way for your bank to reverse the fraudulent transaction if you can prove that you have been scammed. Contact us via online chat, book free consultation with our experts, and let’s get your money back!
What Is EuroFxFinance?
It is an online CFD and Forex trading brokerage without a license.
Is EuroFxFinance A Scam Broker?
Yes, EuroFxFinance has been blacklisted in Italy for fraudulent activities.
Is EuroFxFinance Regulated?
Company is unregulated and provides financial services illegally.