Overviewing the EuroInvestec website, we found lots of discrepancies. And it was enough for us to suspect this business and start a detailed investigation.
When assessing the brokerage, it’s essential to have the correct information. We deliver everything in our thorough EuroInvestec review.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Minimum Deposit:||250 USD|
|Types of Assets:||Forex, commodities, indices, stocks|
|Free Demo Account:||Available|
|Accepts US clients:||No|
How Safe Is It to Start Investing and Trading with EuroInvestec?
EuroInvestec is an anonymous trading firm. Typically, legit brokers will go above and beyond to deliver legal information, such as the company owner and a license number.
With this firm, we have a whole lot of fake details. In their Terms and Conditions, it’s stated that the owner is FX Publications Inc., and the governing law is the law of England. As the name itself suggests, FX Publications Inc. is dealing with the journalism part of the FX market, running the website dailyfx.com.
As per the legal jurisdiction, if any firm wants to provide financial services from the UK, it should have an FCA license. Upon searching through the regulatory databases, we found nothing.
Reasons Not to Trust an Unlicensed Broker
Unlicensed brokers are not safe. Simply put, these firms can do whatever they please, and no regulator will penalize them until there are too many complaints and the broker has defrauded many. Then, you will find warnings and bans, but since there is no real owner, those behind the scenes most likely won’t be legally pursued. And, of course, your funds will be hard to track.
In That Case, Is EuroInvestec a Legitimate Broker Or A Scam?
EuroInvestec is not a legit financial services provider. The broker misuses another company’s name as its owner. Based on their negative rating, we advise you to avoid this trading firm.
What Do Traders Think Of EuroInvestec?
Traders who had a negative experience with this firm described it all in detail. According to reviews, the broker was luring customers with get-rich-quick ads, promising everything and anything.
Once clients were hooked in and made their deposits, the money was seemingly growing. All until they have submitted withdrawal requests. Then, access to their accounts was blocked, and the broker cut all communication.
EuroInvestec Trading Platforms – Available Trade Software
EuroInvestec offers access to the most basic WebTrader.
The plain internet-based platform can never come near MT4 and MT5. These platforms have set their place as industry standards, enabling traders to apply strategies and customize their software.
WebTrader is available as a desktop app. Instead of accessing it from a web browser, clients can download the PC or macOS version. Note that it’s the same software provided as an app. There are no different features.
It’s a TradingView chart with attached indicators and no advanced features. Instead of offering customers social trading, EAs, and other promised tools, this firm ensured that clients would see no benefits. Another reason to look for MetaTrader is even in the web version.
EuroInvestec has created a mobile app for Android and iOS-based devices as well. It’s the same WebTrader in the mobile version. If you hoped for any advanced features, you wouldn’t find them here.
EuroInvestec Accounts Overview
The broker EuroInvestec provides four different account types:
- Micro – $250, leverage 1:500, spread from 1 pips
- Standard – $2,500, leverage 1:300, FX, indices, and commodities trading
- Premium – $25,000, leverage 1:100, spread from 0.6 pips
- VIP – $100,000, spread from 0.2 pips, access to all assets
Besides the initial deposit, accounts differ in terms of spread, leverage, and access to different trading instruments.
EuroInvestec Broker – Countries Of Service
Our research has shown that the EuroInvestec trading scam is mainly active in:
While these are the most targeted areas, brokerage is widespread due to its unregulated status. Be wary and avoid any offers coming from EuroInvestec or a similar bogus platform.
EuroInvestec Range of Trading Markets
EuroInvestec offers trading in several markets, those being:
- Forex – EUR/USD, AUD/CAD, GBP/SEK
- Commodities – gold, silver, natural gas
- Indices – Dow Jones, NASDAQ, FTSE100
- Shares – Amazon, Google, Nvidia
Cryptocurrencies are not on offer, making the brokerage less desirable.
Also remember the names of the TopTrade500, MarketsOcta and WealthsailingForex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
What Is Known About EuroInvestec’s Trading Conditions?
Trading conditions are an important factor when choosing a brokerage. Based on it, you can easily see whether the company is a fraud, going against regulations. Additionally, leverage and spread are often used to lure customers. If an offer looks too good to be true, start questioning the company.
About Leverage and Spreads
The leverage ranges from 1:100 to 1:500, directly against regulatory rules. If the broker operated under England’s governing law, it would have to comply with the FCA’s limit of 1:30.
The spread is advertised as 0.2-1 pips, depending on the account type. Since the industry average is 1.5 pips for EUR/USD pairs, you can see this as a typical lure.
EuroInvestec Minimum Deposit and Unfavorable Withdrawal Terms
EuroInvestec requires a minimum initial deposit of $250 to start trading. Knowing that legit firms have lower demands, allowing you to start with as little as $10, we see no reason to risk with this phony broker.
As per withdrawals, the company requires you to have a minimum amount of $200, which is quite limiting. Furthermore, the only withdrawal method is wire transfer, which goes directly against AML policies.
Methods of Making a Deposit
The firm takes deposits using:
- Debit/credit card
- Wire transfer
If deposited via card, funds will appear within 15 minutes, while in the case of a bank transfer, you should wait 1-5 business days.
Scammed by EuroInvestec Broker? – Let Us Hear Your Story
If you find yourself a victim of the EuroInvestec scam, report it immediately. Scam brokers tend to disappear after regulators issue a ban. So don’t wait for it to happen. File a dispute for a chargeback and recover your money now.
But What Is A Chargeback?
A chargeback is a way for your bank to recover the money directly from the merchant. Contact us via online chat to book a free consultation with our experts. We’ll evaluate your case and help you with the process. You’re not alone!
What Is EuroInvestec?
EuroInvestec is a fraudulent trading firm claiming to operate from the UK.
Is EuroInvestec a Scam Broker?
EuroInvestec is a scheme broker that provided us with a fake owner and false legal jurisdiction.
Is EuroInvestec Available in the United States or the UK?
The broker operates in the UK but doesn’t provide services to US citizens.
Does EuroInvestec Offer a Demo Account?
According to its website, EuroInvestec offers its customers a free Demo account.