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EUROPEFX Scam Review
EUROPEFX is a trading broker that is owned by Maxiflex Ltd which is registered in Cyprus. The company is registered with Cyprus Securities and Exchange Commission (CySec) which is a trusted regulatory body in its region. Read the full review of Europefx before you decide to trade with the broker.
EUROPEFX offers a number of options for the traders to trade which are CFDs, Forex, Indices, Shares, Commodities, Indices, Cryptocurrencies and even Cannabis Stocks. The trading platform offered is MetaTrader4, eFXGO! and EuroTrader 2.0. MT4 is a popular platform offered by most of the professional brokers and have a variety of features to support smooth trading of assets.
The broker offers 5 types of accounts Bronze, Silver, Gold, Platinum, and Premium. The minimum deposit required to open an account with EUROPEFX is €1000 which is fairly high when compared to most of the other brokers offering similar services.
EUROPEFX also offers investment advisory service and provide a lot of information and trading tutorials to help traders trade well with them.
EUROPEFX is a duly regulated brokerage. The owner Maxiflex limited is registered with CySec. EUROPEFX Australia is operated by Maxi EFX Global AU Pty Ltd which is also a corporate authorized representative of a company registered with ASIC in Australia.
Is EUROPEFX a legit or scam company?
We have heard that EUROPEFX representatives constantly encourage the traders to invest more money with them. This is a pushy thing and might be an indicator of a possible scam. Although it is not enough to prove that a broker is a scam, it certainly annoys customers and a matter of big concern.
Apart from this, there is a lack of clarity in the spreads EUROPEFX offers and many confusing trading conditions and terms and conditions.
We have seen a number of negative reviews about the company. Some traders have reported that the broker adopts unfair tactics with its traders. Some have reported that the brokerage had intentions to burn their account within a very short period. Getting such negative reviews and complaints is not good and a broker’s reputation is affected by these negative reviews.
Although the broker is registered with reputed regulating authorities and has a professional website and features, the negative reviews and complaints about the broker are the alarming issues for the traders. Therefore, think many times before investing money with EUROPEFX. Read reviews online about the brokerage before you invest.