Many reasons led us to ask is EU Markets regulated brokerage? Since their website recently became inactive, after the FCA warning against the broker, we can discuss many things, such as the broker’s location, owner, legitimacy.
All in all, read our EU Markets review and you will see why you should avoid this untrustworthy broker by all means.
|Broker status:||Unregulated Broker|
|Regulated by:||No Regulation|
|Scammers Websites:||eu-markets.co (inactive)|
|Blacklisted as a Scam by:||FCA (UK) Regulator|
|Supported Platforms:||MT4, WebTrader|
|Types of Assets:||Commodities, Forex (FX) CFDs, Shares, Cryptocurrencies (Cryptos)|
|Free Demo Account:||No|
|Accepts US clients:||No|
Regulation and Security
According to the broker website, before it became inactive, the broker’s full name is European Markets Ltd and it’s based in the UK. As such, it has a regulation by the FCA. Well, here comes the surprise.
What’s Wrong With Broker Regulation?
Many, many things are wrong with EU Market’s regulation. After we’ve checked the FCA register, we found that this broker is not the one it represents itself to be. European Markets Ltd limited is a UK-based and FCA-regulated company, but it has nothing to do with EU Markets.
Scam Warnings From Financial Regulators
As mentioned earlier, the broker is blacklisted by the FCA. Since on their website the company claimed to be regulated by the FCA, this regulatory body issued a warning. They explained that EU Markets is misleading its clients to believe they are another company that actually does have a regulation. The broker is blacklisted based on many EU Market’s complaints.
After this official confirmation that EU Markets is a scam brokerage, their website became inactive. But don’t you worry, based on all our previous reviews, they will come up with another scheme soon.
What Trading Platforms Are Available?
Since the website of the broker is inactive, we couldn’t verify the EU Markets trading platform. However, based on EU Markets reviews by users, we figured the broker offered MT4 and a web trader. That would be alright if there were not so many other red flags.
For example, the leverage and spread remained unknown, meaning that the broker could easily put your money at tremendous risk without your knowledge.
What Can You Trade With This Broker?
As per reviews, the broker was offering forex trading, trading with commodities, shares, and cryptocurrencies. We can notice that there are no indices offered.
When it comes to broker minimum deposit, it’s $300 (assumingly 250 GBP since the broker claims to be UK-based).
When it comes to withdrawal fees, the broker states several different things in their terms & conditions. In one place, the withdrawal fee is fixed, $30 per withdrawal, and the minimum withdrawal amount is $50. However, on the other section of this same terms & conditions, fees depend on the withdrawal amount and the method you are using.
Scammed by EU Markets broker? What to Do?
If you were misled or scammed by EU Markets, there is a possibility to get your money back. First of all, you are not the only victim of the EU Markets scam. There is nothing wrong with reporting a scam and asking for your funds back.
Contact our support via chat, report any fraudulent broker you’ve been in touch with, and start the procedure of getting your money back!
Don’t Let the Scammers Go Away for Free!
What is EU Markets?
EU Markets is an unregulated online trading platform.
Is EU Markets regulated?
Broker is not regulated and is blacklisted by the UK FCA regulator.
Are My Funds Safe with EU Markets broker?
Since the broker is unregulated and blacklisted by the FCA, your funds are not safe.