Table of Content
EuropeMarket Review – Stay Away From EuropeMarket.Io
Table of Content
EuropeMarket Review. We are dealing with a really dangerous scammer here, people. Its sweet talk is not to be taken lightly. Posing as a legitimate provider, all European Unionesque, while lying about being owned by an authorized company, give it up for EuropeMarket.
In this review, we shall meticulously analyze what this fraudulent broker has to offer regarding the trading platform, conditions, accounts, and payment methods. Also, we’ve got one major blot for the scammer’s record.
|Headquarters||Hägerstensvägen 172, 126 53 Hägersten, Sweden|
|Minimum Deposit||EUR 3,500|
|Broker Type||Forex, Indices, Stocks, Commodities|
|Platforms||EuropeMarket & Web|
Is EuropeMarket Broker a Reliable Financial Investment?
We will begin by tearing down EuropeMarket’s deceitful charade. The financial swindler claims to be owned by Archax Ltd, a company engaged in crypto trading from the UK. However, our broker gave a Swedish address. Hence, we decided to check both ends to see where we would end up in this case.
Archax Ltd is a perfectly legitimate company that is also regulated by the UK’s Financial Conduct Authority (FCA). There’s zero connection between that entity and EuropeMarket. Furthermore, the Swedish regulator Finansinspektionen also has nothing on the provider.
In the Terms and Conditions, we found a clue that further indicates the broker’s fraudulent status. There’s mention of a certain Ez2go ltd. This entity was blacklisted by the Spanish CNMV. Check it out:
Our claim that this shady broker is a pure fraud is confirmed by the writing of Germany’s financial market regulator and overseers, BaFin. That ought to blow the con artist’s cover.
Overview of EuropeMarket Trading Platforms
As for the trading platform, EuropeMarket has two available – its own EuropeMarket platform and WebTrader. Both can be accessed via Android and iOS devices, as well as desktops. Do not let the misleading title fool you, the former platform is not much different from the latter. They’re both essentially cheap-looking and rudimental.
None of them offers advanced tools and options such as automated trading, live market reports, etc. Aside from some basic charts and orders, there’s not much to it if you ask us. Moreover, platforms like these are susceptible to manipulation. Scammers love this trick. They make it seem like you’re trading and earning when all you’re doing is depositing funds to them.
They defraud traders this way because there are no regulations in place that would restrict that behavior. Thus, you should look for licensed providers, ones with reliable software as well (Meta Trader 4 or 5).
Account Types Available for EuropeMarket
When it comes to account types, Europe Market included four types:
- Bronze – $3,500, 100+ assets, first withdrawal free;
- Silver – $7,000, 200+ assets, 5 free withdrawals;
- Gold – $25,000, 200+ assets, 10 free withdrawals;
- Black – $100,000, 200+ assets, unlimited free withdrawals.
Oh boy. $3,500 just to start trading?! No demo account?! Let us tell you one thing – if a broker is this assertive regarding its offer and vague at the same time, the consequences of investing will be severe.
First of all, EuropeMarket did not specify the trading conditions for each account, i. e. leverage and spreads. We are left hanging at a key aspect of the game. And the free withdrawal thing? We doubt you’ll get even that. These fraudsters don’t give away that easily.
EuropeMarket Offers Bonuses and Promotions
EuropeMarket wouldn’t be your typical scammer if it didn’t include hefty bonuses with devious strings attached. These pesky little instruments of evil will first entice traders, only to leave them stranded in the end when they decide to withdraw funds.
Clients are required to trade up to an unachievable amount in order to withdraw. This is how scammers set their own terms, which they wouldn’t be able to do if they were regulated.
Also, this controversial provider thought of another clever way to steal your funds. Enter AnyDesk support. The AnyDesk app is used to allow one user to access the PC of another. EuropeMarket sends a Trojan horse in form of a support team to infiltrate your PC and gain access to your personal data such as bank account info.
Trading Instruments Available
Europe Market claims to offer the following trading assets:
- Forex pairs – EUR/USD, USD/JPY…
- Indices – S&P500, Dow30, Germany30…
- Commodities – gold, crude oil, natural gas…
- Stocks – Apple, Verizon, Tesla…
There’s no guarantee that you’ll get to trade these. The broker is unregulated and blacklisted, remember? So, you’d be wise not to get too excited about these instruments.
Deposit and Withdrawal
EuropeMarket did not specify any payment method other than the classic – credit/debit cards and wire transfers. The minimum deposit is an obnoxious EUR 3,500. No legitimate broker would demand that much. The withdrawal process takes up to four business days and the fee is $30.
How Do I Get a Refund from EuropeMarket if I was Scammed?
Being scammed by EuropeMarket is no fun. It’s just the opposite. However, there are two methods that can reverse the payment and get you a refund.
- Chargeback – performed by the issuing bank within 540 days to reverse credit/debit card transactions. Be careful not to give the scammer your personal information.
- Recall – a method used to reverse wire transfers. It’s only possible if the transaction is incomplete.
- EuropeMarket is a fraudulent broker that claims to operate in Sweden while being owned by a UK-based company;
- The broker has been blacklisted by two regulators;
- The minimum deposit is abnormally high – EUR 3,500;
- Leverage and spreads were not disclosed.
FAQs About EuropeMarket Broker
What Is the Minimum Deposit for EuropeMarket Broker?
The minimum deposit that EuropeMarket wants is EUR 3,500.
How Long Do EuropeMarket Withdrawals Take?
EuropeMarket says that withdrawals take up to four business days.
Is My Money Safe with EuropeMarket?
Your money is not safe because the broker is anonymous and blacklisted.