Eutradex Review – Why Anonymous Brokers Can Never Be Trusted?
Eutradex Review – Why Anonymous Brokers Can Never Be Trusted?

Generally, European trading firms tend to be trusted, especially if they are regulated. That’s why when we saw the Eutradex address in Cyprus, we thought for a second they might be legit. However, our hope diminished quite quickly.

Why is that? We are about to reveal it in this Eutradex review. Since they disappeared now, stay until the end to find out how to recover money if you have it with them. Also, don’t miss out on our advice from Umarkets and NFL Markets reviews.

Regulated by: No regulations
Is This Company Safe? No
Known Websites: Eutradex.com (inactive)
Have Warnings from: FCA
Registered in: Cyprus
Operating since: 2023
Trading Platforms: N/A
Maximum Leverage: N/A
Minimum Deposit: N/A
Deposit Bonus: N/A
Trading Assets: N/A
Free Demo Account: N/A
How to  Withdraw from This Company? Withdrawing funds from vanished firms is always tricky for traders. Primarily because they can’t reach out to the company’s staff and they don’t know alternative methods. Therefore, contact our refund team if you want to find out how to recover your money lost with this scammer.

Legal info: Is Eutradex Legit or a Scam?

The first sign you can’t trust a brokerage is a lack of transparency. Without legal documents, registration details, and license information, it’s hardly believable that any firm can be trusted, especially in the trading world. Not to mention, this firm has revealed its address in Cyprus. 

Yet, CySEC never issued a license for their business. Neither did any other top-tier regulators like FCA, BaFin, AFM, or CNMV. Instead, this broker appeared in the FCA’s warning list. Consequently, traders can forget about the protection of funds. After all, that’s what allowed this firm to disappear without any consequences.

Who are Eutradex’s Victims?

The key disadvantage of unregulated trading firms is that they don’t hesitate to target anyone. Mainly, they will avoid the US due to strict federal laws. 

However, any other country can be easily targeted. That’s why, since 2023, this firm has been targeting countries like: 

  • Greece
  • Spain
  • Italy
  • Ireland
  • Netherlands

Yet, all these countries have quite strict and reliable domestic regulatory oversight. Of course, this broker didn’t care much about it. So, if you somehow trusted this company with your money, let our refund team know about your case. If you want to get your money back, of course.

Traders Reviews

Generally, there are not many Eutradex reviews. Yet, the ones we can see clearly point out the company is nothing but a scam. Nevertheless, without full transparency, there is nothing else you can expect from a broker.

But if you follow our advice in this Eutradex review, you might keep your funds safe in the future. But first, you have to recover the ones lost due to investment scams. Share your experience in the comments below or contact our refund experts directly for consultation.

Leverage, Commissions, Spreads, Fees and Taxes

Important to remember is that all European brokers have to comply with certain rules. But also with European Securities and Markets Authority (ESMA) regulations. Following these, they can’t offer leverage higher than 1:30 to retail customers.

Yes, Eutradex broker is currently inactive, but if you come up with another brilliant idea for another broker, keep this in mind. Another thing you should bear in mind is that trading costs, such as spreads, fees, and commissions, should be fully transparent. Yet, with this company, these were not.

Bonuses

Unfortunately, with an inactive Eutradex website, it’s hard to obtain all the necessary details about their offer. Yet, there are standards you can follow to avoid traps. For instance, bonuses are banned in Europe mainly due to shady clauses. So, watch out for such offers in the future and read the conditions first.

Eutradex Trading Features

In general, the company can offer you all the advanced features you can imagine. Starting with EAs, algo trading, copy, and social trading, hundreds of indicators, and whatnot. 

However, if they are not regulated and you can’t complete the Eutradex withdrawal procedure, does it matter? Keep that in mind when choosing a broker.

Trading Platforms Available

Another big issue with unregulated brokerages is their trading software choice. Preferably, traders often choose companies offering cTrader and Meta Trader. With these, you are lowering the chances of platform manipulation. 

However, if the company offers a plain web-based platform without any trusted third-party connections, there must be something wrong.

Available Trading Assets

Some traders might get attracted by the wide range of instruments offered. But think about it. If you can’t withdraw the funds later, is it worth it? Nevertheless, with this broker, no matter what you choose, you could expect issues. Anyway, without an inactive website, their offer is in the past. 

Most likely, you could choose to trade: 

  • Forex pairs – USD/EUR, NZD/HKD
  • Commodities – platinum, crude oil
  • Shares – Walt Disney, Netflix
  • Indices – DAX30, ASX200
  • Cryptos – BTC, BNB

Account Types

Very often, scam brokers offer fictive benefits through their account types, such as VIP events, funds protection features, and some non-existent features. Unfortunately, before you sign up, you won’t know if that’s true or not. 

Anyway, top-tier licensed brokers require only $10 to get started. So, why would you invest at least $250 with a shady company?

Mobile Trading App

Companies that use trusted trading software often offer trusted mobile apps as well. But with scam brokers, it might be different. They will present you sometimes as they offer it. Yet, download options don’t lead to trusted PlayStore or AppStore.

Instead, you can download it through a QR code and directly from their website. Not the smartest move if you ask us.

Demo Account

After a warning against the Eutradex scam broker, we highly doubt the company was offering any reliable services. Therefore, a demo account is also a highly questionable feature. But if you check any Tier 1 licensed firm you can use it freely as long as you want without any pressure from the company.

Education

If unregulated brokerages offer you educational programs, we suggest you stay away from them. You can’t learn anything relevant there. The goal of that program is solely to prepare you for their shady pitches.

Eutradex Withdrawal

If you tried to complete the Eutradex login procedure, request a withdrawal, and come up with a problem, there are multiple reasons for it. Firstly, there’s a lack of transparency in the withdrawal procedure. Secondly, the company might have verification problems.

Lastly and most importantly, they want to extort your last money through fees and taxes, which are non-existent. Therefore, be careful if you experience such things with any unregulated broker.

Customer Support

Unfortunately, with scam brokers, it’s quite common to see very poor customer support options. In the case of the Eutradex scam broker, there was only an e-mail available for contact. Definitely not something that would represent the trusted company.

Key Information To Consider About Eutradex

In a nutshell, everything about this firm is suspicious. Starting with their address, contact info, legal info, and trading conditions. Therefore, too many things to worry about. Since they vanished, there’s only one thing you can do – apply for a refund.

For detailed guidance and a free first consultation, feel free to contact our refund team. After all, it’s your money at stake, and nobody can make the first move except you. Ultimately, it’s your decision.

FAQ Section

What is Eutradex?

Eutradex is a trading firm that has been operating allegedly from Cyprus since 2023.

Is Eutradex Legit?

No. The Eutradex company was not regulated by any authority, especially not ones like FCA, BaFin, or ASIC. Instead, they were found on the FCA warning list.

What is a Chargeback?

Disputed card transactions that end up reversed are considered chargebacks. To get started with your chargeback process, contact our refund team today.

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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