EU FX Invest Review: Europe Forex Invest is a forex broker that is located in the Marshall Islands and is allegedly owned by TERRATECH LTD. In the review below, we take an in-depth look at the features eufxinvest.com allegedly offers. This review basically answers the question is Europe Forex Invest Legit? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Europe Invest Forex Broker.
Table of Contents
Europe Forex Invest Trading Platform
Europe Invest claims that they were founded by a group of professionals in the financial industry with a clear vision of creating an online trading brokerage that would provide investment services to all types of traders and institutions, globally.
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After going through EUFX Invest Forex website, we found that the website even though not professional looking , is well-designed. We also discover that this broker doesn’t support the MT4 or the MT5 trading platform but web-based trader platform. They offer assets such as Forex (with leverages up to 1:400) CFDs, Indices, Stocks, and Precious metals.
EUFX Invest Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has three account types
Europe Invest Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The website states that customers can deposit with credit card, debit card, wire transfer, Carte Bleue or PayPal.
Some thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is EUFX Invest Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
Through out the entirety of the website, the team gives giving information that doesn’t add up. One of them is that in the footer they claim to be
EUROPE FOREX INVEST IS A BRAND OWNED AND OPERATED BY TERRATECH LTD. TERRATECH LTD IS LOCATED AT TRUST COMPANY COMPLEX, AJELTAKE ROAD, AJELTAKE ISLAND, MAJURO, REPUBLIC OF THE MARSHALL ISLANDS, MH 96960.
Then they go ahead to give three other addresses that doesn’t include the one above. One is in UK, New Zealand and in Belgium.
So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the Hungarian Central Bank (MNB or Magyar Nemzeti Bank), FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with eufxinvest.com as they don’t give any valid information concerning if they are a regulated broker.
EUFX INVEST Forex Broker is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.