EU FX invest is another blacklisted broker you should stay away from. Online scam is advancing every day, making it practically impossible to see their natural face. However, our in-depth reviews help you see the major red flags in their performance.
EU FX invest: about the company
EU FX Invest simply stands for Europe Forex Invest. The company claims to be a UK-based foreign exchange and CFD broker with quick and easy access to leading financial markets through its user-friendly platform. They also provide reliable leverage levels and more or less competitive spreads
This may sound like a great investment opportunity, but we strongly recommend that you avoid investing in EU FX. Our research shows that the broker is nothing more than an unregulated website and may involve fraud. Read on to get all the details.
Safety and regulation with EU FX
First, we found the eufxinvest.com website is almost inaccessible. Even though the website itself exists, no accurate information is available. How is beginner trader can discover valuable data regarding their trading conditions? That’s the first red flag.
Additionally, the biggest concern while connecting to any online brokerage firm is regulation and safety.
To cut it short, EU FX is NOT a regulated broker, meaning it is not legit and does not protect your funds.
The company does not provide information on whether they collect clients’ funds on separate bank accounts or not, so how can you tell you are safe in case of the company’s bankruptcy? That’s another biggest issue.
Trading conditions at Europe Forex Invest
After the issues mentioned above, we are pretty sure our readers are already convinced not to keep cooperating with EU FX Invest. However, let’s still analyze what do they offer.
Trading platform
EU FX chose to build their proprietary trading platform, which absolutely failed to impress us.
A web-based interface is pretty complicated, lagging, and does not support a lot of indicators and tools.
When a beginner trader enters the market, the brokerage firm I obligated to provide excellent assistance. They should provide educational materials, trading tools, indicators to make their first experiences smooth and learnable. In that case, we always suggest choosing the company with the MT4 or MT5 platform option, as nowadays, they are the most popular and widely accepted platforms.
Spreads and leverage
Speaking of spreads, EU FX offers, the spreads on EUR/USD fixed at two pips, which isn’t that fascinating.
EU FX Invest provides leverage as high as 1:400, which would be more than enough for even the most aggressive traders out there.
Trading with high leverage is extremely risky when you trade with a not entirely reliable or unregulated broker.
Minimum deposit
EU FX requires $200 as a minimum deposit, but their most basic account type, Micro, has a minimum required amount of $500. This is quite confusing, as we can’t tell which one is true.
Payment and Withdrawal
Brokers stated that they could accept deposits in US dollars, Euros, British pounds, and Japanese yen through credit cards, MoneyBookers, wire transfers, PayPal, Neteller, WebMoney, and Debit CardsWire without any fees.
As for withdrawals, the payment methods supported by EU FX Invest are credit/debit card, wire transfer, CashU, Skrill, and Neteller.
The options look diverse. Why not? The more options the traders will have to invest, the better for them.
We don’t recommend depositing funds with an unreliable broker at all. However, if you still consider trusting them, use the credit card option, as in some cases, banks usually are helpful to refund the stolen funds from your account.
Final overview about EU FX
To sum up, we have zero trust with the EU FX Invest broker. Legit brokers are a lot, and our forex brokers list might be beneficial to find them.
Thus, it’s better to keep your funds away from Europe Forex Invest and search for another, more reliable option.
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