EuroTrades Review – New Form, Same Old Financial Scheme
EuroTrades Review – New Form, Same Old Financial Scheme

EuroTrades broker has been with us for quite a while, but it’s changing its form. While it used to be an offshore broker owned by Trade Up Ltd, along with SimpleTrades and Trades.com, this company currently goes on its own. Is it because the Italian regulator issued a warning against Trade Up Ltd or because this firm is actually trying to be legitimate?

 Read our EuroTrades review to find out.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: eurotrades.com
Blacklisted as a Scam by: FSMA
Owned by: N/A
Headquarters Country: N/A
Foundation year: N/A
Supported Platforms: MT4
Minimum Deposit: $1
Cryptocurrencies: Not Available
Types of Assets: FX, commodities, indices, shares
Maximum Leverage: 1:400
Free Demo Account: No
Accepts US clients: US traders are not accepted

Is EuroTrades Regulated? – Important Things to Know

As mentioned, the broker EuroTrades was owned by Trade Up Ltd from the Marshall Islands. The company had no license whatsoever and didn’t follow any rules, resulting in the regulatory warnings.

Currently, the EuroTrades Forex broker is on its own, stating that the owner is Eurotrades.com, but not providing us with any details related to the company.

What’s Wrong With A Trading License? 

Since looking for the EuroTrades regulation gave no results, we can conclude that nothing has changed. If the firm is still unregulated, your funds are still at risk.

Regulatory Warning Against EuroTrades Fraud

Despite splitting with Trade Up Ltd, EuroTrades’ complaints didn’t stop. That’s how we got an official warning from the Belgian regulator, FSMA.

Official Warning Issued by FSMA – Evidence of Fraud

Official Warning Issued EuroTrades

FSMA announced that eurotrades.com is an unregulated domain that operates without a license conducting scheme. Beware.

In addition to the above, we strongly advise you not to invest in GMGroupWarden VC and FullMarkets  fraudulent brokers.

Where Is EuroTrades Trading Scam Active?

EuroTrades trading scam mainly affects:

  • Poland
  • Croatia
  • Italy
  • UK
  • Greece

Note that this firm can target anyone as an illegal broker, and don’t give your money to fraudsters.

EuroTrades Platform Review – Available Trading Software

While we may praise the EuroTrades trading platform as the only good thing, even this aspect is not as perfect. The company provides MT4, but trading terms are far from ideal.

EuroTrades MetaTrader 4

As we all know, MT4 is the best platform out there, and with the MT5 makes a perfect duo. But if you have an illicit broker that offers you leverage up to 1:400, the platform doesn’t matter. Regulators across the globe limit leverage for the Forex market to 1:30 or 1:50, while other assets are at an even lower limit. Yet, it seems that EuroTrades just doesn’t care and does whatever. Also, the spread is undisclosed and there’s no Demo account.

Mobile Trading App for Apple and Android

As with any MT4, EuroTrades login is enabled via mobile too. Both Android and iOS users can access their accounts quickly. Yet, with the same unregulated conditions.

EuroTrades Trading Instruments – What Can I Trade?

EuroTrades makes quite a fuss when it comes to trading instruments. They say they provide CFDs, and then they list all the CFDs underneath as separate assets. However, from our understanding, clients can trade with:

  • Currency pairs
  • Commodities
  • Indices
  • Shares

Also remember the names of the Gitex Capital, IGM Holdings and TudoFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Trading Accounts – Demo & VIP Accounts

There are 4 EuroTrades account types, including:

  • Micro – $1
  • Classic – $1,000
  • Eurotrades Premium – $5,000
  • VIP – $30,000

Accounts differ in leverage, withdrawal charges, and the account manager’s seniority level.

Demo Account – Trial Account

While we would like to check out everything stated on the website, the EuroTrades Demo account doesn’t exist, and we are unwilling to deposit money with a scam firm.

EuroTrades Deposit Methods – How To Deposit?

EuroTrades’ minimum deposit is only $1, but realistically, you cannot make any profits from that. This is why you will be constantly pressured to invest more. The company allows depositing only via credit/debit card and cryptocurrencies, indicating that something is not good. You cannot trade crypto, but the company can make money from you depositing it into their wallet.

If you really want to check out EuroTrades broker, do it via credit card; you will have up to 540 days to request a chargeback.

Scammed By EuroTrades Broker? – Talk To Our Recovery Experts

If you fall victim to the EuroTrades scam, it’s time to contact our specialists. We’re here to hear you out and help you file a dispute for a chargeback.

Contact us via online chat to book a FREE consultation, and let’s get your money back from scammers right away!

Can I Trade Cryptocurrencies And CFDs With EuroTrades Broker?

You can trade CFDs, but cryptocurrencies are not an option with EuroTrades.

Does EuroTrades Have a Mobile Trading App?

Yes, EuroTrades has an MT4 mobile trading app for Android and iOS.

Are My Funds Safe With EuroTrades?

The broker has been blacklisted in Belgium for fraudulent activity, meaning your funds are not safe with such.

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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