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EuroFX Broker Review

After dealing with a number of suspicious companies, like FlawlessTradeFX and SeaLTD, we now have to deal with yet another one owned by Donnybrook Consulting Ltd. Our major objective was to ascertain whether this brand is just another fraud or whether the proprietor genuinely sought to establish a legitimate, licensed business. Learn more by reading our review of EuroFX.

Broker status: Unregulated Offshore Company
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: FCA, CNMV, FSMA, CONSOB
Owned by: Donnybrook Consulting Ltd
Headquarters Country: UK / Mauritius
Foundation year: 2017
Supported Platforms: MT4
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:100
Free Demo Account: No
Accepts US clients: No

Regulations and Security

Since we are already known with Donnybrook Consulting Ltd, we are aware of its complete absence of regulations. None of the untrue assertions that EuroFX has been subject to regulation by the UK FCA or the FSC of Mauritius are correct. Additionally, the UK FCA has warned the public that EuroFX is an unlicensed swindle you shouldn’t trust.

As a result, neither a compensation fund nor a security of the money exist that we may discuss. If you ever run into problems with this dishonest business, your only options are to submit a dispute and ask for a chargeback.

Warnings From Financial Regulators

As previously mentioned, the FCA issued an official warning in 2017 claiming that EuroFX conducts its business unlawfully.

Other agencies joined the warning after noticing the broker’s domain change.

The Italian CONSOB has issued a formal declaration about the EuroFX fraud. The Spanish CNMV issued another warning. Finally, Belgium FSMA did everything mentioned above and issued a warning on its own.

EuroFX Withdrawal Issues

After all is said and done, knowing that EuroFX has withdrawal troubles was not surprising. It was something that was anticipated, which is regrettably common. Clients who chose to invest with this bogus company, according to EuroFX evaluations, received all the support they needed until they requested a withdrawal. Once they did, customer service was unreachable, account managers for the broker stopped responding, and the majority of them were no longer able to access their accounts.

We strongly advise staying away from rogue brokers like SeaLTD.

Traders About EuroFX Scam

The first thing we discovered was that every trader had a comparable experience. They began small, made a large profit, were persuaded to invest more money, and after they did, they stopped hearing from EuroFX. When you see some fictitious numbers on the platform and think you’ve won the lottery thanks to your excellent account manager, it looks to follow a very convenient pattern before you realize you’ve been duped the entire time.

Don’t fall for the EuroFX scam!

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]