Euro Capital: real client reviews and expert overview of activities

• Categories: CFD-Brokers

Review of the Euro Capital Company

Being an intermediary, Euro Capital claims to offer traders a wide range of trading instruments, prompt order execution, and other crucial features for an online broker. However, in a market filled with scammers, blindly relying on promises can be dangerous. In our review, we analyzed information about the company, studied traders’ opinions, and are ready to share our professional insight.

Euro Capital Website: Analysis and Conclusions

It is worth noting that Euro Capital’s website clearly does not aspire to be a leading broker in the industry. The site shows rawness, lacks significant sections, and provides limited information despite claiming experience and expertise. It seems like those working on the website’s content and design neglected their responsibilities, leaving an impression of the platform’s short-lived nature.

The domain name registration was done in 2018, but the site was only updated and launched in December of last year, indicating Euro Capital’s recent emergence. This project is likely a typical deceptive maneuver characteristic of fraudsters. The following arguments confirm that Euro Capital engages in dishonest practices.

For any legal entity, including brokers, it is important to disclose the registration address and provide documents about their operations. Euro Capital does not disclose company registration information — this lack of transparency hinders clients from verifying the firm’s credibility. Such an opaque approach plays into the hands of scammers, who even during domain registration strive to remain in the shadows.

Despite having some documents that theoretically should indicate a legal address and ownership form, their presentation leaves much to be desired:

The scammers didn’t even bother to create a semblance of a legitimate document, publishing garbage. The site provides no information about the resource’s owner, with contact details limited to fake phone numbers and email addresses. In the end, Euro Capital solely aims to deceive its potential clients.

Licensing Compliance of Euro Capital

The Euro Capital platform targets a Russian-speaking audience, and the lack of English reviews indicates scammers’ preference to operate solely in post-Soviet space. This implies that Euro Capital is obligated to have a license from the Central Bank of Russia. However, the intermediary lacks such a license, and the organization itself has already ended up on unreliable lists, with the web resource eurocapital.fm facing potential blockage.

The swift response from regulating authorities is commendable, but unfortunately, it does not deter fraudsters. A new version of Euro Capital with slightly different design and name is expected to emerge online shortly. Therefore, it is highly recommended to remain vigilant, thoroughly analyze any partnership proposals, and seek objective reviews about the company.

Trading Conditions at Euro Capital

Euro Capital offers a standard set of services: various types of trading accounts, universal trading software, round-the-clock support services, and a trading cabinet with diverse features and tools. However, in reality, clients have access to only a trading terminal and a personal manager focused on persuading clients to top up their accounts with larger sums.

To attract new clients, scammers set a low deposit threshold of 250 euros/dollars/pounds. Public commissions and fees are not envisaged, but all conversion and transfer operations will undoubtedly deplete the client’s pocket. While cryptocurrency can be used to top up the balance, scammers will gladly accept any other funds.

Traders’ Reviews and Opinions

Within a few weeks of operation, Euro Capital has amassed a significant number of reviews, none of which are positive. When it is challenging to find positive feedback about such a blatant scam even for money, it speaks volumes regarding the scheme.

We’ve gathered several expressive reviews to share others’ experiences and help you avoid the tricks and traps of scammers.

Scam Strategy at Euro Capital

Exploiting financial ignorance and trust of ordinary people, scammers lure significant sums from their clients. Mostly operating via phone, they call potential traders and promise guaranteed profits and rapid investment growth. Occasionally, they may actively promote their services through social media, but it requires more time, whereas Euro Capital, as observed in reviews, operates as a clear fraudulent scheme for a day.

Once a user deposits funds into the account, they can start making trades. However, the trader’s cabinet will only display virtual numbers and demo trades — a far cry from a real exchange since the non-existent broker cannot access the international market.

Euro Capital administrators can manipulate trade figures at their discretion: when trust needs to be gained, trading will appear successful, while if a new deposit needs to be lured, only losses will occur. Eventually, the disappointed client will demand a refund and likely get blocked, with their personal manager vanishing without a trace. Trading with Euro Capital is likened to visiting an online casino, where the risk of losing all invested funds is only a matter of time.

Conclusions and Recommendations

Euro Capital lacks the necessary rights to provide brokerage services as it is not even a legal entity. The absence of key information and required documents on the site confirms that we are dealing with another project created by a group of scammers. In essence, the company is already on the blacklist of the Central Bank of Russia, and the abundance of negative reviews and complaints corroborates that fraudsters have managed to deceive numerous individuals. Exercise caution and steer clear of Euro Capital and its representatives to avoid falling victim to these deceivers.