EZDSK claims to be the best cryptocurrency broker out there. The trading terms should be incomparable to any other company, while the diversity of assets should amaze you. Yet, we decided to check if everything is as it looks.
Let’s go through our EZDSK review and see everything step by step.
|Broker status:||Offshore Broker|
|Regulated by:||No regulation|
|Owned by:||Matrix Markets Ltd|
|Supported Platforms:||Web trader|
|Minimum Deposit:||1,000 EUR|
|Cryptocurrencies:||Yes – BTC, ETH, XRP – total 6|
|Types of Assets:||Cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
EZDSK Regulation and Security
EZDSK is a brand owned by Matrix Markets Ltd from Seychelles. As many brokers that are based offshore, this one has no regulation at all. We’ve tried to check the Seychelles company register looking for the company or EZDSK, but we didn’t find anything. It simply means this broker does not belong under any regulatory jurisdiction and operates illegally. Therefore, there is no need to even speak about the security of the funds; there is none.
Beware of this when starting an account with an EZDSK broker.
Fund Withdrawal Issues
As you can already imagine, the broker has exceptionally negative reviews. And most of these reviews are related to withdrawal issues. So, we’ve checked who this broker is and how it’s operating.
The broker is using a web trader, which is the least secure of all the trading platforms. The company has access to your trades at any time. Also, the leverage, spread, and other vital trading conditions are nowhere listed. Despite all the claims about the most competitive trading terms, the broker doesn’t really say anything. All we know, there are only six cryptocurrencies available on the platform, far from competitive.
The minimum deposit with EZDSK is 1,000 EUR. It can be made only via credit card and wire transfer, which is pretty limited. Withdrawals are available for the same payment methods, and the time necessary to get funds back is 5-15 days. However, we do not see a list of fees you’ll pay for deposit or withdrawal.
Another thing that bothered us is the “Refer a friend” program this company is running. The entire system looks like a Ponzi scheme where you will be paid out only if your friends deposit enough funds, so the company will use it to refund you.
We strongly advise you to stay away from EZDSK brokerage since it’s proven to be shady and illegal.
How Does Online Trading Scam Work?
Online trading scams start with getting a call from an alleged broker who claims to help you achieve all of your financial goals. After extorting all the funds you have, the financial adviser you’ve worked with will stop answering you, and you’ll find yourself asking for the money back. Like in the case of EZDSK, most of these companies are offshore, and you cannot find them and get a refund.
Beware of such scams and never provide your credit card details over the phone.
Scammed by EZDSK?
If you were scammed by EZDSK, you need to file a dispute immediately. You should ask for a chargeback since that’s your only chance to get the money back.
But what is a chargeback? It’s a way of refunding your card in case of an online scam.
Contact our support via chat and get all the details related to the chargeback procedure on the spot.
What is EZDSK?
EZDSK is an online trading brokerage without a license.
Is EZDSK a scam?
EZDSK is a broker without regulation for providing financial services.
Is EZDSK regulated?
No, EZDSK has no regulations at all.