Is there a EuropeFX scam? Who regulates EuropeFX and does it follow the rules? Do withdrawals go through? Read this in-depth EuropeFX review before investing a cent with them.

Have you lost your money with EuropeFX? Schedule a free consultation right away. Our experienced and trusted experts can help you get your money back.

Here’s the whole truth about EuropeFX.

An Honest EuropeFX Review

On July 11, 2019, a retail forex and Contracts for Difference (CFD) broker made a huge announcement. It was sponsoring Australia’s most successful rugby team. Reason? The South Sydney Rabbitohs had “relentless determination and never-ending pursuit of excellence”. That’s according to the COO of this Cyprus based firm.

That broker is EuropeFX. Its logo will feature prominently on the right leg of team players’ shorts. The move will see the EuropeFX brand shown to over 19 million fans. That’s 250,000 people on matchday. Then lots of social media followers and members worldwide

But is EuropeFX a scam out to con even more people than it already has? Or is it a genuine investment vehicle to invest with?

Is EuropeFX legit?

To answer this question, we’ll tell you exactly what the company is all about. We’ll also tell you whether any reputable financial body regulates EuropeFX. We’ll close with our final, data-backed verdict on its legitimacy.

What is EuropeFX?

The company operates as a retail forex and CFDs broker. It deals in major stocks, over 60 currency pairs, indices, and commodities. It also lets users trade in cryptocurrencies and medical cannabis stocks

Europe FX has its headquarters in Limassol, Cyprus. 

It has a presence in all of Europe, with physical offices in Germany, Malta, and farther, Cyprus and Sydney, Australia. 

Is EuropeFX regulated?

According to the Cyprus Securities and Exchange Commission website, EuropeFX is a licensed and regulated entity under the parent company MaxiFlex Global Investments Corp Limited.

Cysec entry The CySEC entry for EuropeFX parent company

Is EuropeFX regulated in the UK?

The Financial Conduct Authority (FCA) acknowledges the parent company’s registration and regulation according to MiFID II regulations as seen below:

EuropeFX regulation in the UKCredit: FCA 

Does the US Regulate EuropeFX?

No. The US does not regulate nor has it registered EuropeFX or its parent company.

Is EuropeFX a scam?

Seemingly, EuropeFX launched in 2013 and has been operating “under regulation” since. 

Some other aspects can make it seem as if EuropeFX is legit, including:

  • It complies with FCA and CySEC regulation regarding keeping investors’ funds in segregated accounts
  • It supports the CySEC Investment Compensation Fund that guarantees traders of up to 20,000 Euros (50,000 Euros in the U.K) in case the broker becomes bankrupt
  • Users fund and withdraw money using well-known and legitimate payment processing platforms such as Visa/MasterCard, Skrill, and SafePay
  • Traders use MetaTrader 4 and TradeWorks, two well-respected online trading programs

But is EuropeFX a low-balling scammer?

EuropeFX scam warning signals

1. ASIC issues asset restraint orders against parent company

On December 12, 2019, the Australian Securities and Investments Commission (ASIC) logged a court order request against Maxi EFX Global AU Pty Ltd (which trades as EuropeFX).

ASIC sought to “protect customers” while an investigation was underway, in accordance to section 1323 of the Corporations Act. 

The director of EuropeFX, Pedro Eduardo Sasso, currently has to notify ASIC before leaving Australia.

The court makes a ruling on February 20, 2020.

2. Customers’ funds pull off disappearing acts—TrustPilot EuropeFX reviews

Reputed reviews platform, TrustPilot, is awash with shocking revelations of how EuropeFX employees enticed unwitting people to send way more than they could afford to lose, which is illegal and one of the forex trading scams tactics.

EuropeFX Review in TrustPilot

And could EuropeFX be faking not finding a complainant’s details in their system?

Complainant details not found

But it pulls a buyer beware to blame the trader for not reading its risk disclaimer and Terms and Conditions (T&C).

Europe FX Disclaimer

Blame yourself for accepting a deal that, apparently, fails 82.94% of the time 

EuropeFX says you can start trading on its platform with 250 Euros but goes on to “recommend” ramping that amount to the Bronze, Silver, and Gold bundles, requiring 1,500 Euros, 5,000 Euros, and 20,000 Euros, respectively.

Check these out:

Europe FX investment typesThe “dedicated forex specialist” the firm appoints for you will pester you with up to 10 phone calls, a bunch of emails, and unsolicited messages a day to deposit additional funds into your account even if you lost money—failure to which your account can be closed.

Apparently, success is based on how much you “invest”. 

Multiple reviews by real people (read the comments section) across the globe may suggest EuropeFX is a “Market Maker”, scam entities that clone a trading system to commit fraud against their customers.

You be the judge.     

3. The leverage ratio red flag

While the firm claims to follow ESMA regulations about offering a low 1:30 leverage ratio, EuropeFX pushes a 1:200 leverage ratio to its clients. It claims that it only allows professional FX traders to take that leverage offer up. 

But there’s a mention of how it ranks FX trading experience and seems to onboard everyone on it—beginners and more experienced users alike.

4. The curious case of the HQ location

Cyprus is a safe haven for both legit and scam financial entities. 

Could EuropeFX be hiding out in Cyprus, where it might be able to bend the rules of trade and use its T&C disclaimer to avoid all blame?

EuropeFX review conclusion: Is EuropeFX deceiving people or is it a legit FX and CFDs trading company?  

On the surface, EuropeFX portrays an image of a legit retail CFDs and forex trading company. 

However, our in-depth EuropeFX review shows you more about its business model, court action in Australia, buyer beware complaints, questionable trading specialists’ antics, and disappearing funds. For that reason, EuropeFX and its parent company are huge violators of customers’ trust.

In simple terms, EuropeFX is a scam.

Have you lost money trading CFDs, cryptocurrencies, medical cannabis, commodities, and forex with EuropeFX? 

Would you like to get your money back?

Wealth Recovery Expert (WRE) has years of experience helping online traders like you recover money lost to scandalous trading platforms. Book a free consultation session, where you can learn how to recover funds from a regulated or unregulated scammer in a few steps.