EuropeMarket Review: Who Is EuropeMarket.Io?
EuropeMarkets.io lists two company names on their site and in the Terms and Conditions. The first is Archax LTD with a fictional address in Sweden. The other company is EZ2GO Ltd, registered in the Commonwealth of Dominica.
Although the website is user-friendly and visually appealing, it should not be mistaken for a regulated brokerage firm.
EuropeMarkets strives to convince you they’re one of Europe’s leading financial institutions that specializes in FX and CFD trading. The main mission is to support the clients and provide the best trading conditions and software.
In truth, this is just another phony broker that has been under the investigation of one of the leading EU regulators – BaFin.
|Company||ARCHAX LTD/EZ2GO LTD|
|Address||Hägerstensvägen 172, 126 53 Hägersten, Sweden|
Regulation of EuropeMarket and Safety of Funds
No regulation proofs and legal documents are provided by EuropeMarket, despite the claims about being trustworthy and legal.
Archax Ltd is not found in the FI database of Swedish-regulated brokers. Moreover, with several warnings issued against this broker, we can see that the truth about EuropeMarket is very concerning.
Both BaFin and CNMV are major regulatory bodies in the EU. These authorities explain that shady companies Archax Ltd and EZ2GO Ltd are absolutely not licensed nor authorized to offer financial services and conduct bank transactions.
Brokers providing services in the EEA have to comply with MiFID, a legal framework implementing rules about enhanced consumer protection and transparency of transactions. These actions are undertaken to prevent the misuse of investors’ funds and money laundering, which fraudsters are very well known for.
With no regulation, being blacklisted, and not following MiFID standards, EuropeMarket is a dangerous anonymous company operating under the radar of financial authorities. That’s why it is crucial to avoid making any kind of investment with EuropeMarket.
EuropeMarket Trading Platform Overview
EuropeMarket announces a trading platform available across all devices with a friendly interface. There’s a possibility to trade from the web version or mobile app.
The pictures of the said software slightly make it look similar to the famous MT4, but the resemblance in the outline is all there is to it. Clicking the download links is futile as all links are dead.
Accessing the platform from the user area is also deemed impossible. A broker without even a remotely functional trading platform shouldn’t be anyone’s choice.
EuropeMarket Funding Procedures
Client area at EuropeMarket lists bitcoin, wire transfer, MasterCard, Visa, and Ok Pay as accepted methods of depositing.
On the downside, any deposit attempt is halted by the pop-up reminding you that your payment has not gone through due to the verification of the documents. Supposedly your account manager will contact you to assist you further.
The minimum amount to fund your account to get any services promised is $3 500. Compared to what regulated brokers ask for, this amount is just absurd.
As if that is not enough, the company charges a commission of $30 for every withdrawal, with the minimum allowed withdrawal being $50. It supposedly takes up to 3 business days for the request to be processed.
How Is the Scam Conducted?
Bonuses, promotions, rewards, and other prizes offered by unscrupulous scammers are their methods to lure you into the trap. All the bonuses obligatory come with special conditions that are highly unlikely to be met before you could request a withdrawal.
Beware of the bogus brokers that offer these and other outstanding conditions that could hardly bring you any real profit. Online trading comes with a risk and it is not easy to accumulate earnings. Frauds make it all sound so easy with their means.
Investing with a phony will not yield a profitable outcome. Your funds are sent to the scammer, with little to zero chance of you getting them back.
All the warnings issued by financial authorities and reviews like this one have a common goal of bringing important facts to your attention. These facts relate to unscrupulous brokers and sophisticated scams going on daily in the background of the financial markets.
To avoid becoming another victim of the bogus broker that EuropeMarket is, simply choose to invest safely and with a licensed firm instead. You will be provided with far better trading conditions and a secure environment.
It is important to be able to invest and trade knowing your funds are accumulating and actually have a chance to bring you desired results.
Help us spread the word about this scammer by sharing your experiences with us and by reporting all frauds you run into.
FAQs About EuropeMarket Broker
Are My Funds Protected at EuropeMarket?
The fact that EuropeMarket is unregulated means they cannot provide the safety of funds and customer protection.
Is EuropeMarket a Legitimate Broker?
No, EuropeMarket is not legit and has even been blacklisted by BaFin and CNMV.
Does EuropeMarket Offer a Demo Account?
No, you cannot trade on a Demo account at EuropeMarket.io.