Europa Trade Capital review. The company is registered in St Vincent and the Grenadines which is a problem of its own.
Europa Trade Capitals has too many weak points. The first is that it is not a regulated broker, and the second is that it certainly won’t be, given that it offers leverage 1:500 which most regulatory bodies prohibit.
The trading platform that this broker offers to its clients is questionable. Methods of depositing funds are also determined outside of the regulations. If you want a comprehensive analysis of this scam broker, read the Europa Trade Capital Review to the end.
Europa Trade Capital Security and Regulation
The headquarters of Europa Trade Capital is located in St. Vincent and the Grenadines. The problem is that SVG has become notorious in the trading world for being a safe haven for scam brokers.
Although Europa Trade Capitals says it abides by the country’s laws, SVG has repeatedly stated that it does not regulate forex brokers. This is exactly why most fraudulent brokers register their companies there because there is no supervisory body that will prescribe certain business conditions.
Although the brokerage emphasizes that it is aiming to be licensed by the regulator by the end of 2022, this really doesn’t make trading with them secure in any way.
Since an unregulated company is not allowed to enter the market with its financial offer without a license, this broker is already operating illegally.
Trading Software Available at Europa Trade Capital
In addition to not being regulated, Europa Trade Capital does not offer a particularly good trading platform. The trading software offered by this broker is a simple WebTrader.
No experienced trader will choose a broker with this kind of software. Everyone will always opt for brokers that offer MT4 or MT5 platforms, which are popular among traders because they have a wide range of additional tools that facilitate trading and allow for better planning.
Europa Trade Capital Deposit and Withdrawal Options
When it comes to depositing funds, we have a serious problem for Europa Trade Capital users. The only payment method is to convert the money into a cryptocurrency of your choice and make a deposit, and Europe Trade Capital accepts
Fraudulent brokers often insist on payment in cryptocurrencies, because then it is almost impossible to trace the transaction.
In addition, Europe Trade Capital charges quite high fees for withdrawals, inactive accounts, and verification. The inactivity fee is $100 and is charged after 30 days of no trading activity. The minimum deposit is $250. Account verification is 5%, which is absurd.
Europa Trade Capital Offers Bonuses and Promotions
Europa Trade Capital offers so many types of bonuses that you will get lost in them. Confusing you is the cheaters’ goal. Bonuses with this broker will only complicate your business.
This is because the company ties the bonuses to the account balance and requires traders to make a certain number of turnovers of the total funds in order to be able to submit a request for withdrawals.
Once fraudsters attach a deposit bonus to you, it will make it impossible for you to withdraw money, this way the broker will buy himself time.
How Do Offshore Brokers Execute the Scam?
Europa Trade Capital does not stand out from other scam brokers in terms of its fraud either. Using cheap tricks and manipulation, the company tries to collect as many clients as possible.
Given that it requires payments in cryptocurrencies, after the transaction it has already succeeded in fraud because it is hard to track this type of transaction. All the company will do next is buy time until someone exposes it and blacklists it, or until it gets too many disgruntled users posting the experience in reviews.
The Best Brokers for Forex
|Broker||Europa Trade Capital||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
We will recommend some of the best brokers on the market below. This way you won’t have to read a lot of details about every broker you come across. Apart from the good offer, all the brokers in the table are licensed by strong regulatory bodies.
In addition, they offer professional trading software. Don’t let the fear of scammers deter you from investing when there are great brokerages out there. We have recommended to you the ones we consider to be of the best quality.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFx.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||Xm.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||Hfm.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||Fbs.com|
Europa Trade Capital Summary
Europe Trade Capital is more of a disaster than a brokerage. Besides being a fraud, they have a bunch of other flaws. They are not regulated and offer a bad trading platform. They have a terrible business policy for their clients and offer only one method of depositing funds.
Bonuses are just an obstacle for users to get their profits, which is absurd because a bonus as a concept loses its meaning at Europa Trade Capital. We recommend that you bypass this broker entirely. We hope that they have helped you to avoid the fraud perpetrated by Europe Trade Capital.
FAQs About Europa Trade Capital Broker
Is Europa Trade Capital Trustworthy Broker?
Europe Trade Capital is not a trusted broker, because it does not have a license.
Is my Money Safe with Europa Trade Capital?
Europa Trade Capital cannot provide security for its clients’ money because it is not a regulated broker.
How Long Does it Take to Withdraw From Europa Trade Capital?
Refunds are made at the customer’s request, which is processed a few days early.