**Honest review of the reliable Forex broker EuroFX: research and reviews of the trading platform**
With the development of online trading, the number of scammers offering dealer services in financial markets is steadily increasing. It is important to consider the risk of encountering fraudsters looking to profit at the expense of others. According to statistics, only one out of ten brokerage firms operates legally and truly allows earning on the Forex market. The rest of the companies are solely focused on depriving users of their capital.
Overview of general information
The official website of the EuroFX broker contains information about the managing company. This is the company “Donnibrook Consulting,” but verification showed that a company with the same name exists in the UK, however, the registration number does not match. It is important to note that it specializes in accounting and auditing services, not in dealing services.
Even without reviews, it can be confidently stated that EuroFX is not a reliable financial agent. The project creators spread false information, making it impossible to trust them. The statistics presented on the broker’s website do not correspond to reality.
Scammers claim that EuroFX clients earn $850,000 daily, and the client base grows by more than 1,500 people per month.
Contact review
According to official information, the EuroFX headquarters is located in the Dominican Republic. However, the address provided on the website turned out to be a small hotel with no offices.
The phone number is listed with an international code (UK), but it turned out to be inactive. The company conceals its real location. Contact can only be made through email or a feedback form.
Regulation, license
The broker EuroFX does not have a license or permission to operate. Copies of certificates confirming the right to provide financial services are not presented on the official website.
Non-compliance with regulations and the absence of a license make cooperation with EuroFX risky. Deceptive practices can lead to financial loss.
Trading conditions review
EuroFX offers trading in currencies, stocks, indices, and commodities. Trading terminals MetaTrader4, StatusPlatform, or WEB Platform can be used for transactions.
The company has four tariff plans with different conditions regarding the minimum deposit stake, asset price difference, and leverage size.
Bank transfers, credit cards, and e-wallets are available for depositing and withdrawing funds. However, withdrawal is not possible without verification.
Conclusion
The EuroFX offer is attractive, but the presence of reviews on fund withdrawals is not confirmed. The lack of a license and hidden company information raise suspicions about its honesty. EuroFX is a broker that is risky to work with and can lead to financial losses for traders.
I had a highly unsatisfactory experience with the forex broker EuroFX. My primary issue was the lack of transparency. The spreads were not clearly communicated from the start which resulted in unexpected losses.
Even after opening the account, the customer service was extremely poor. Their response time was slow and in many instances, queries were ignored completely. The platform’s interface also left a lot to be desired, as it was clunky and not user-friendly at all.
Safety and reliability are two key elements in forex trading industry and I honestly have serious reservations about EuroFX. Their regulatory status is ambiguous at best, which raises genuine concerns over the safety of funds.
In my opinion, the poor service, lack of transparency, and dubious regulatory status makes EuroFX a broker to avoid.