Eukrypto Review: Assessing the Broker’s Profile Before You Commit

Before you commit to investing with this broker, read this Eukrypto review and we promise it will change your mind. From the lack of regulation to a lack of transparency, this firm offers nothing beneficial to its traders. Furthermore, it tries to scam investors instead of providing a safe trading environment. 

While we have you here, make sure to read our RightFX evaluation for another broker you should avoid due to lack of regulation. Now, without further ado, join us in exposing yet another scamming brokerage. 

Who Is Eukrypto?

EUKrypto does not hold a current forex license from the German Federal Financial Supervisory Authority (BaFin), despite its claims that it abides by strict German legislation. To top it all off, the BaFin issued a warning urging traders to avoid using this broker. 

If that is not enough for you to reconsider trading with this firm, don’t worry. There is much more where all of this is coming from. For starters, this trading company operates unregulated and lacks transparency. If that isn’t enough, keep reading this in-depth Eukrypto review to learn more. 

Regulation Info

This trading firm was not regulated by any financial authority while operational. Despite the company’s claims that they abide by strict German rules, BaFin did not oversee its operations, instead, they published a warning urging traders to stay away from this firm. 

It’s also vital to note that other than Germany, the broker operated from Switzerland and Croatia, and neither the Croatian Financial Services Supervisory Agency (HANFA) nor the Swiss Financial Market Supervisory Authority (FINMA) regulates the brokerage. 

Broker Profile

Trading conditions vary from broker to broker, and they are an important factor when choosing one. The popular MT4 and MT5 platforms were not offered, instead, you could trade on the firm’s proprietary web trader. The financial instruments you could trade include FX, cryptocurrencies, indices, and commodities. 

Information about leverage or spreads should be transparently shown on the broker’s website, along with access to a demo account so you can test out their services before investing. Needless to say, Eukrypto did not offer a demo account, forcing traders to deposit without knowing what awaited them. 

Is Eukrypto Safe To Trade With?

Unfortunately, this firm is not a legitimate business, and trading with them would only bring stress and money loss. From the lack of regulation and transparency, to manipulated trades and bad trading conditions, this broker literally has nothing beneficial to offer. 

Instead of wasting your time and energy on brokers like Eukrypto, try our AI bot and step into the future of trading. As we say, better to trade by yourself than with brokers like Eukrypto. 

Who Are the Traders They Cater To?

Brokers like this one often use the pyramid scheme, they try to get as many investors as possible, without actually offering anything beneficial. They will cold-call you constantly, forcing you to invest with them by telling you fake stories about huge profits and how you can earn $100 per day. Of course, all of that is lies and profits are earned and never guaranteed. 

Countries that this scammer was operating from include Germany, Switzerland, and Croatia, so be advised that they are not regulated by any financial authority, meaning they are operating illegally. Stay away from brokers like Eukrypto. 

Deposits and Withdrawals

Depositing your funds with brokers like Eukrypto can only result in losing them. Brokers like this tend to promise impossible things only to get you to deposit and once you do, there is no going back. Some companies even ask for your card details over the phone to ‘help’ you deposit, so it’s vital to remember to never provide your card details to anyone, especially not over the phone. 

Withdrawals can be a real hassle with unregulated brokers and if you are even lucky to get approved for one, you can expect a huge delay before receiving your funds. However, it’s important to note that with brokers like Eukrypto, chances of getting a withdrawal approved are very low. 

Can I Make Money While Trading Online?

Trading can be used to make money online, but doing so requires the correct knowledge, dedication, and equipment. Also, avoiding brokers like Eukrypto and Canz Trades can only benefit your trading business. 

We’re here to help you with our cutting-edge AI analysis bot. It compiles information on past asset prices and yields forecasts based on technical analysis to help you make buy and sell decisions. It can become your best friend and it will stand by you throughout the good and bad trading experience. 

Our 14-day free trial is provided to the first 100 traders that contact us, so try it out. Utilize our AI bot to enhance your trading approach right away. Hurry up and grab this one-time opportunity.

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