A shady brokerage company from Marshalls is targeting EU traders and offering services they have no authorization for. The name of the company is Levictus LTD and despite claims about regulation from FSCA, they are not in any way licensed.
Nonetheless, Eurinvesting doesn’t refrain from boasting about exceptional service, customer-oriented philosophy, and the best online trading experience. Not much of it is true, considering the fact they only offer a limited number of instruments, defective software, and leverage of up to 1:1000.
Let’s look into the true state of things together. Stay with our Eurinvesting review and you will be shocked by the subtle ways scammers use to manipulate their victims.
|Spread||From 0.6 pips|
Eurinvesting Regulation and Security of Funds
Eurinvesting is shady in every possible sense. Their address is allegedly Marshall Islands. A quick scan of the GLOFSA register of authorized entities shows they aren’t licensed for brokerage business.
A strange fact is that Eurinvesting is registered both in SVG and Marshalls but isn’t licensed by any financial authority. SVG, being a famous scammer resort, doesn’t have a financial supervisor that regulates the operations of brokers.
However, Eurinvesting claims to be regulated by another institution – FSCA (South Africa). Luckily for traders, every financial regulator keeps a record of all agencies they have licensed. We have their commercial register and to no one’s surprise, Eurinvesting wasn’t there.
Let’s make one thing clear. Brokerage companies can claim they own every license imaginable. If the regulators issuing those licenses can’t confirm that, it’s definite proof of the broker lying.
Eurinvesting seems to be everything but a broker with a regulation. The importance of licenses reflects the way the company handles investments and protects customers’ safety. Eurinvesting doesn’t provide segregated bank accounts for the safekeeping of the traders’ capital. This fraudulent website doesn’t comply with the MiFID rules of AML mandatory for brokers offering services in the EU zone.
Furthermore, the 1:1000 leverage is apparent proof of Eurinvesting not limiting the leverage as one of the precautions against unexpected losses. Scammers also don’t enforce negative balance protection as a means to protect clients from losing more than they’ve invested.
All in all, Eurinvesting is not regulated and doesn’t have the authorization to perform transactions or sell its services to anyone!
Trading Platform Available at Eurinvesting
There’s no doubt that the trading platform is the most crucial part of the entire trading process. Eurinvesting doesn’t make unfulfillable promises about MT4 or MT5. They immediately admitted to having a single web-based trading terminal and nothing else. Turns out, not even that is accessible.
The registration process dragged on forever and even after the supposed 60 seconds, our login credentials weren’t generated. The page kept on loading and nothing changed minutes after. Due to these unforeseen circumstances, we couldn’t verify the reliability of the web terminal. Or if it exists at all.
You shouldn’t be surprised by this kind of outcome. Scammers tend to either not provide a platform at all or offer some manipulated artificial software with no real purpose.
Eurinvesting Trading Instrument Offered
Starting spreads on EUR/USD are at 0.6 pips, with maximum leverage of 1:1000. Although it may seem like this leverage could generate huge profit, don’t forget that losing is also much easier without leverage limitations.
Eurinvesting offers trading about 200 instruments of the following classes:
- Stocks (Facebook, Adidas, Tesla, BMW, Microsoft, Nvidia, AMD)
- CFDs on currency pairs, stocks, indexes, and commodities
- Commodities (Silver, Gold, Platinum, Cotton, Wheat, Sugar, Coffee)
- Forex (EUR/USD, USD/CAD, EUR/CHF, USD/JPY)
- Crypto (BTC, LTH, ETC, RXP)
Eurinvesting Offers Bonuses and Promotions
Methods of attracting new users are various. Eurinvesting uses a recognizable technique of bonuses and offers to motivate clients to invest more. These types of promotions are available on the site:
- 50% welcome bonus – depositing more than $200 brings you a cash bonus of up to 50% of your deposit
- 3% cash back – paying rebates back into trading accounts per standard lot size you trade
- Refer a friend – when your referral joins and makes a deposit, you get a cash reward.
Everything would be great and super beneficial to traders if bonuses really worked the way the scammer describes. Sadly, they always come with strings attached and withdrawals are practically impossible. The conditions that apply are usually trading volume requirements or enormous fees.
You might think it’s a joke, but Eurinvesting requires you to trade at least $4 million for every $100 bonus until you can withdraw it!
Deposit and Withdrawal Procedure
Eurinvesting enables funding via credit/debit cards, bank transfers, and cryptocurrencies. Don’t immediately trust the scammer with this. The site didn’t allow us to open an account at all so we couldn’t verify all the depositing methods.
It’s a common practice among scammers to claim one thing and then change the story completely. When it comes down to it, Eurinvesting is not any different from other fraudulent websites.
The much-loved crypto deposits are enforced in order to keep the scammer’s identity secret. Under the excuse of some funding methods being unavailable in every country, Eurinvesting will force you to buy digital currencies to make a deposit.
Again, since opening an account was not an option, we couldn’t verify withdrawing methods, either. Eurinvesting shows an especially suspicious lack of transparency in terms of withdrawing investments.
How Does This Scam Operate?
Eurinvesting owns a half-decent website with flashy promises of huge profit and incomparable trading conditions. This typical pattern is how most scammers act in order to capture your attention. The rotten lies dominate the agent’s approach. Boiler room managers don’t refrain from any means conceivable to convince you their offer is the best.
Trading terminal is easily pitched to show the exact data they want you to see. Your capital will look like it’s rapidly growing or suddenly decreasing. Whatever the scammer needs to justify their cyber theft. Even if they show you how your deposit is growing, withdrawals are out of the question. Your withdrawal request is easily declined or bombarded with fees.
Top Forex Brokers
Dealing with anonymous brokerage companies is troubling and time-consuming. Eventually, all you will get out of it is a headache and funds lost.
On the other side are the popular brokerage enterprises with decades of world-class service and multiple regulations. To help you choose your new broker easily, we have assembled a small list of suggestions. Their websites are given in the table below, including the minimum deposit requirements. As you can already see, the fact is that reputable brokers will offer a lot more for far less money.
On top of that, you aren’t even obligated to invest. You can always just open a Demo account and walk away if you dislike the offer.
|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|
Eurinvesting is a newly opened firm with false regulations and no permission from an official financial agency. They openly engage in offering illegal transactions and online trading services without a license. Our Eurinvesting review presents you with enough proof never to think of investing here.
There are enough popular, successful, award-winning brokerage sites out there for you. All you need to do before joining though is check their regulation. This doesn’t take you too much time, yet can spare you the tremendous trouble of dealing with fraud.
Regrettably, there may already be traders out there that Eurinvesting has already scammed. We’d greatly appreciate it if you shared your experience with us to help us raise awareness and alert new investors.
FAQs About Eurinvesting Broker
Is Eurinvesting Regulated?
Eurinvesting does not own a license from any of the jurisdictional financial authorities. Therefore, they are an illicit broker performing transactions without permission.
What Is The Funding Method at Eurinvesting?
Eurinvesting claims to accept credit/debit cards, crypto, and bank transfers. Take this info with a dose of caution, as we couldn’t verify it. The broker didn’t allow us to open a new account.
Does Eurinvesting offer a Demo Account?
No, the only account type available at Eurinvesting is a live trading account. It requires investing before you are able to trade.