EU Capital Review
Overview of EU Capital Review:
EU Capital claims to be the world’s leading forex broker with clients from all over the globe. This brokerage firm is clearly winning in the boasting segment by providing trade in forex currency pairs, indices, CFDs, commodities Stocks, silver, bitcoin, etc. With a variety of other claims on their website which are clear signs of a scam, there is no surprise that EU Capital received much backlash from their customers in the form of complaints. Read on to know more about the EU Capital scam in this EU Capital review.
About EU Capital:
In this section, we will be specifically discussing all the demands and offers met by EU Capital. We will also be explaining the red flags or the green flags in this review.
EU Capital Regulations:
Regulation plays a vital role in deciding whether the brokerage firm is a scam or not. Every brokerage firm has to get a license from the regulation that supervises its origin in order to legally function in the financial market. However, these regulations have a series of tests that are difficult for the scam brokers to pass and therefore they end up without a license. In our case, EU Capital tried playing around in an attempt to confuse its customers. On the website, EU Capital claims to have a license. However, upon investigating the company’s regulation, we found out that the brokerage firm is actually regulated in the Marshall Islands, an offshore zone. This gives us our first red flag against the company in this EU Capital review.
EU Capital Leverage:
Another unclear factor that questions the legitimacy of EU Capital is the leverage offered by this brokerage firm. EU Capital claims to offer leverage up to 1:400 to their dedicated customers. Now, although the offer is irresistible, high leverages are more harmful than you think. High leverage automatically increases the probability of the customer losing in the trade by putting them at high risk. Therefore, the leverage is capped in many countries at 1:30 and 1:50.
EU Capital Instruments:
Although the company claims to offer trade in a wide variety of tradable instruments, EU Capital does not give us the option to check it out for ourselves. EU Capital does not offer a demo account which restricts the new users from learning about trading and the working of the company. The absence of a demo account is yet another red flag in this EU Capital review against the EU Capital scam.
EU Capital Trading Conditions:
The next tricky thing about EU Capital will shock your minds. Their claims come off as a complete scam because they do not explain or even reveal their trading conditions to the customers. How are the customers going to trust a trader if they are not even ready to show their trading conditions? This gives us yet another red flag in this EU Capital scam.
Conclusion: Is it a Scam or Legit?
In order to sum up all that has been said above, we can safely say that EU Capital is a complete scam and we request our readers to stay extremely cautious of this scam broker. If you have been scammed by EU Capital, file a complaint now and get an instant reply with the solutions for fund recovery only with Report Scams.