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In recent times, we have had a lot of complaints about a fraudulent platform called EuroTrade, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that eurotrade.co is a scam platform. Just to clear any doubts, It is a SCAM.

If you have been scammed and you are looking for ways to recover your money from EuroTrade, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

With a robust trading interface, quick execution, and some of the best spreads available, EuroTrade claims to be one of the most reputable brokers in the forex sector. These features are meant to ensure you make sizable gains. Additionally, the broker claims to be the recipient of numerous honours, to have its headquarters in the financial district of London, and to offer the highest level of security for your money. While these claims sound great, they are regrettably untrue.

In actuality, EuroTrade is a completely anonymous website that is clearly a scam and that the Financial Conduct Authority (FCA) of the UK just blacklisted.

Legitimacy of EuroTrade

No, as we’ve already stated. Because EuroTrade is unregulated, entirely anonymous, and has been flagged as a scam by UK financial regulators, it is anything but legitimate. You can look at the most recent FCA warning in the screenshot below and choose a trustworthy and authorised UK-based broker from this list in its place.

When we say that the website is completely anonymous, we mean it literally. Just look at their contact information. As you can see, aside from a cryptic phone number and a vague claim that they are based in London, there is no physical address, no company name, and no mention of a licence or authorization. Look at this:

And even without the most recent FCA warning, that information is more than enough to draw the conclusion that we are dealing with a hoax.

What FCA truly says is as follows. The warning states that “almost all firms and persons offering, promoting or selling financial services or products in the UK have to be authorised or registered by us.” “We have not sanctioned this company, and it is primarily focusing on the UK market. You won’t be covered by the Financial Services Compensation Scheme (FSCS) or have access to the Financial Ombudsman Service, so you won’t be likely to get your money back if something goes wrong.

Since EuroTrade is a blatant hoax, as we’ve already stated, never deposit money with an unrestricted website like this.

Can I profit with EuroTrade?

No, you have no possibility of making even a single dollar with a website like EuroTrade, which is evidently made with the sole intent to con you and is anonymous and unregulated. Also, don’t forget about the most recent FCA caution. As a result, you can check our list of reputable, EU-regulated brokers here instead.

And once all of your withdrawal requests are denied on the grounds that you have not satisfied a minimum trading volume criteria, it will be abundantly evident that you have been defrauded.

Dealing with unlicensed con artists like EuroTrade inevitably results in that. The minimum trade volume requirement that was previously mentioned will be associated with your trading bonus, but the tricky part is that con artists like EuroTrade reserve the right to raise the minimum trade volume requirement at any time, which partially explains why you will never be regarded as being eligible to withdraw any funds.

Just like that. Check this out: According to EuroTrade’s Terms and Conditions, “Every bonus requires a trading turnover before any withdrawal is processed by the account user,” adding that “if the required turnover is not met while filing a withdrawal request -the withdrawal request will be automatically denied.”

Additionally, as we have already mentioned, EuroTrade declares that “the terms relating to any bonuses are subject to change.” Look at it as well. Our case is closed.

What is EuroTrade’s minimal deposit amount?

Despite claims to the contrary, you can begin trading with just 250 USD with EuroTrade’s Basic Account, even if the minimum deposit requirement is stated to be as high as 5000 USD. Whatever the case, because we are dealing with a fraud that has been uncovered, you can check out our list of brokers who actually provide micro accounts here.

Other than the Basic Account Type, EuroTrade requires 10,000 USD, 25,000 USD, 100,000 USD, and 1,000,000 USD for the Silver, Gold, Platinum, and Diamond Account Types, respectively.

What level of leverage is offered by EuroTrade?

Since we are dealing with outright fraudsters who have been blacklisted by the British financial authorities, EuroTrade claims to give the leverage of up to 1:1000, but you can check out our list of brokers who do so instead by clicking here.

Which trading platforms does EuroTrade offer?

Although EuroTrade claims to provide a robust, user-friendly, unique web-based platform, the trading software that was shown to us was anything but spectacular. Check out our following screenshot. In any case, because we are dealing with an exposed fraud, you can also locate our list of brokers that support MetaTrader4, which is still among the most widely used trading platforms on the market 16 years after its first release in 2005.

What forms of payment are accepted by EuroTrade?

VISA, MasterCard, and Skrill are among the payment methods listed on the EuroTrade website, but since that website shouldn’t be trusted, you can also check our list of brokers here who accept VISA and MasterCard payments.

Have authorities given any warnings regarding the Euro Trade?

Exist any complaints about EuroTrade scams? Authorities and regulators may issue a warning to traders and investors if the broker engages in any illegal activity. Due to the warnings, the brokerage business can also be required to pay the fine. The type of warning reveals a lot about the calibre of the trading alternatives and services the broker offers. Typically, the corporation will keep the warning information a secret, keeping it away from the general public. If you search for EuroTrade warnings on popular websites and channels, you could come across a lot of unsettling stuff.

It will take time and effort to locate EuroTrade warning information, and you’ll need to join several forums. You will also need to read through the various testimonials that prior clients who have dealt with the broker have offered. To determine whether the unfavourable reports are about the same broker or not, you must examine the information given by the traders. By asking each broker about their warning details, you can quickly learn the details if you invest with various brokers. It is because they are all required to give you this information as part of your KYC process.

EuroTrade Scam and Warning Reports

For traders, EuroTrade scam reports are crucial since they provide detailed information on the operations of dishonest brokers. It is advisable to complete your research into the banking practices of the company before making any trading decisions if you are working with an unregulated broker. A lot of warnings have also been sent to the broker EuroTrade since it has a history of participating in various scams.

Because there are so many businesses on the market advertising their services, it could be challenging to find EuroTrade scam reports. You may need to spend some time and effort learning about their reports because you will need to look online for information on where to get them.

You can determine if the warning specifics apply to your situation by analysing these cautions. In some instances, the warning may be wholly untrue or deceptive if this is not achievable.

What do typical broker warnings entail?

On the EuroTrade website and on mainstream media, there are numerous warning details that may be seen. A few of these specifics are as follows:

1. The business is forbidden
The worst thing that could possibly occur to the brokerage firm is this. You shouldn’t even consider using a broker who has been prohibited from operating in the market for some reason. The regulator has barred several brokers from engaging in dishonest business practices. Even though some of them are permitted to operate, they wait for the regulator to once again forbid them.

2- The broker’s trading operations are forbidden
Many Euro Trade warning notes on popular websites mention the ban on trading in securities. The regulator may occasionally use specific language when it sanctions its brokers for engaging in dishonest financial practices. Such phrases include making erroneous representations to investors and engaging in unethical behaviour that may not even be factual.

Small businesses that may have poor guidance policies are where it all begins, but it does not end there. Such terms should raise a red flag, and you shouldn’t buy the company’s securities if you notice them. It will cease all operations once the prohibition is in effect, and it won’t reopen. If you see such terms, you should avoid the company and look for alternatives.

3. The broker’s investment activities are suspended.
This indicates that the regulator has stopped the firm’s trading activities in order to prevent clients from suffering financial loss. The Euro Trade website and other well-known sources, where businesses could be fined for breaking regulations established by regulators, are occasionally where traders can acquire this type of information. No matter how active a broker is, this might still happen to them.

4- The business faces sanctions
This indicates that there are some claims or legal proceedings pending against the company. You shouldn’t invest in the company if you find out such information. Until shown otherwise, such brokers will never be trusted. If found guilty, they will be subject to fines or other penalties for engaging in activities that are forbidden by the appropriate authorities.

5 – Unregulated businesses use this data
Because there are no restrictions in place allowing certain businesses to function in the market, they just exist in name. To defend themselves against possible investors who would hire them for investing operations, they use the information on the Euro Trade website. Even when the material is shared in the open, there is no guarantee that it is accurate. Such statements should be promptly deleted because they are deceptive.

6) The business is suspended
This implies that until the inquiry is over, the business cannot accept any new client deposits. The nice thing about it is that traders don’t have to pay any fees because they can avoid dubious firms, therefore it can be found on the Euro Trade site and other well-known platforms like trading forums.

Even if it does not relate to you specifically in your instance, you must raise your concerns with the regulator for examination as soon as you see this information. Keeping things under control is preferable to disregarding them and jeopardising your safety.

7. The company is hacked
Because there are significant deposits involved, targeting brokerage businesses by hackers is fairly common. All social media pages and other channels where the news of hacking may be broadcast will be deleted once their acts are made public. Here, you’ll also see that their websites might show this warning, which might be taken down later. It is better to wait a while before making an investment in the company because it may be lying about having been hacked. It is preferable to invest a small sum initially if you genuinely want to invest.

Conclusion

You should be able to avoid this rogue broker with the help of these Euro Trade warning facts. You can always seek out additional aid from experts in fund recovery if there are any difficulties. They can assist you in finding any concealed Euro Trade alerts. To solve the issues, you may also get in touch with them using an online service.

The Capital Co (www.thecapitalco.net) provides international financial fraud investigative measures aimed at helping victims of financial scams recover their money. The Capital Co (www.thecapitalco.net) was founded to protect and help victims of investment scams with the assistance of sophisticated asset recovery specialists globally.

To recover your money from Euro Trade, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.