EuroStandarte.com review – 5 things you should know about eurostandarte

EuroStandarte.com review – 5 things you should know about eurostandarte

Beware! EuroStandarte is an offshore broker! Your investment may be at risk.

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EuroStandarte.com does not raise any standards, nor does it follow them. Everything that we have seen of this broker is shady at best, and scammer at its worst. How do we know this before even digging in, you ask? Well, what we have seen thus far revealed many of the overused themes that illegitimate brokers have been applying to their websites for as long as we have been reviewing them. The main ones we will discuss in the following review. Pleaser

The registration process is as simple as it can get. We don’t think that things can get plainer than that. Users need to complete four fields, and they get to access a trading area. Well, things did not happen so smoothly. In fact, things did not happen at all! After imputing our details the registration page simply reloaded with no indication of anything happening. Our email had no new message from the broker, no nothing! We checked after a while, and still nothing!

This means that the broker is most certainly either broken or up to no good! Such instances only occur with brokerages that wish to control the flow of customers going in! This scheme is best explained by the end of the review.

As for the trading conditions, we have to take them from the website, a source that will prove itself very unreliable. The financial instruments are forex currency pairs, indices, commodities, stocks, and options. There is no indication of a spread or a leverage. And furthermore, do not confuse the charts and graphs scattered throughout the website for being a part of EuroStandarte.com. These are owned and provided by TradingView, a company that offers these to just about anyone who wants to use them!

The website is available only in English.

EUROSTANDARTE.COM REGULATION AND SAFETY OF FUNDS

In an odd twist of events, the broker claims that all disputes will be interpreted in accordance with unknown courts, most probably Polish.

Why Polish? Because the broker is registered there, according to the broker’s very own words. We know one thing though: that the broker is not regulated in Poland for sure! The main regulator there in charge of maintaining the local FX integrity is the Polish Financial Supervision Authority (KNF), an agency that does not include EuroStandarte.com in its databank.

Investing in unregulated brokers is synonymous with losing money. Never be too quick to deposit! Always check for a regulation prior to depositing. This should always be any trader’s priority! If the broker at hand has a regulation, preferably FCA or CySEC., then you are good to go. From there on it’s all a matter of taste and the offered trading grounds. These two agencies are in the top 5 list of the best regulators in the world. All brokers under their gaze abide by the strictest of rules and guidelines. Furthermore, both the FCA and CySEC have a compensation scheme covering all users of brokers that cannot pay their dues, due to insolvency or other similar reasons. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

EUROSTANDARTE.COM TRADING SOFTWARE

We cannot know for sure that there is a functioning trading platform used by the broker. Not only is there no real evidence of a terminal, but the alleged MT4 seems too good to be true.

There are some illegal brokerages that are somehow able to get access to their own MT4 or MT5 servers, but most of them lie about it. Instead, they offer very poor alternatives that don’t even do 5% of what the MT4 does.

We might never know what EuroStandarte.com holds, and it’s not necessary to know, seeing that the broker is illegal.

EUROSTANDARTE.COM DEPOSIT/WITHDRAW METHODS AND FEES

We have no choice but to take the payment details from the website, which is a highly untrustworthy source.

The Terms and Conditions claim the minimum deposit to be $250, while the Accounts page confirms this. The legal documents keep mentioning credit cards, debit cards, and bank transfers as payment methods. We believe that there are other payment methods, or fewer than three. Whatever the case is, our experience over the years has taught us to never trust the website of a scammer broker with the payment information, especially the means of payment. The truth is only found in the logged-in user area.

Withdrawal processing times can take up to 10 days, which is quite unacceptable if you ask us! The minimum withdrawal amount is $100. The broker makes it clear in the Terms and Conditions that there are no withdrawal fees. To what end they will keep their word is not worth waiting for! As for the withdrawal methods, we believe them to be the same ones as those for deposits.

EuroStandarte.com is not with deposits. It’s not the most shocking of scammer brokers. It just might well be the best example of an illicit broker that is after your money. But that does not mean that you should pay close attention to it! Do not invest in this one!

How does the scam work?

The scam tactics that brokers use come under a common denominator. Most of them have a similar structure, with small touches that some brokerages choose to include. When users fall for these they will sooner or later realize it!

The very first step resolves around the fake internet ad, found mainly in social media websites. These high-promising advertisements promote a care-free lifestyle where money is made with easy trading on assets like forex or/and cryptocurrencies. Clicking on one of these will redirect users to a website (usually the broker’s website, but sometimes an intermediary site) where they will be asked to provide contact details. Sooner or later, traders will start receiving calls or emails with alleged opportunities on huge profits in exchange for a minimum deposit, an amount that depends on the broker, but also on the user herself (high income vs low income).

If the user deposits her first deposit, then she has fallen into the scam, and the broker is ready to initiate the second stage of the scam. Enter the account managers (sometimes called senior managers). These will push for more deposits, while slowly taking over your account. They will be very aggressive with their solicitations, trying anything and everything within their ability.

At this point, the user has not yet withdrawn! When she attempts to do so, she will be greeted by a very unpleasant reality: her deposit(s) and profits can never be returned. The broker usually enforces one of the following: either it will block the account, it will close down the website, it will stall withdrawal requests, or delete the account!

What to do if scammed?

The first thing you can do, and the most crucial, it to file for a chargeback with your credit or debit card company ASAP! MasterCard and VISA have extended their chargeback period to 540 day.

Deposits that were initially invested through a bank, and were lost as a result of the scammer brokers, should stimulate users to CHANGE their bank account details- both username and password! Furthermore, it wouldn’t hurt them to contact the bank and check with them.

It is crucial to know to never invest in suspicious brokers through a crypto wallet. A majority of these payments are untraceable, and you are risking to lose all your money with no hope of ever seeing it!

The scammer, or other related parties, have a last card to play. Deposit/Investment recovery agents are notorious fraudsters that promise to recover all your lost capital in exchange for a fee. Once the commission is paid, these will disappear with the money, which leaves you at an even bigger loss!

Rich Snippet Data
Review Date
Reviewed Broker
EuroStandarte.com
Broker Rating
11stargraygraygraygray

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7 Comments

  1. I was SCAMMED as per described in the Review and it was not a pleasant experience to me…now they say my account was nit verified and asking for personal info in order to reverse the amount to my credit card / bank

  2. February 8, 2021 at 2:24 pm
    Absolutely a scam!! I stupidly thought they were legit as couldn’t find any bad reviews! Paid my £250 deposit saw the profit and “invested” another £1000 that’s when my account manager Michael started asking for more money as the trades he wanted to place me on where more expensive. Again stupidly I said I would, however luckily my bank wouldn’t allow the next deposit to go through so I explained this to Michael, that’s when he got quite rude, I asked him to prove the bank wrong and show me that I can withdraw my funds whenever I needed to, this took around a week of arguing to get him to finally allow only $100 to be withdrawn. After the week of arguing and the daily character assassinations from Michael I told him I’m not interested in trading with Eurostandarte and I wanted the money in my account back! He then passed me to another lady called Sarah who was a lot nicer however the end game for her is still the same…get more money!! Sarah put another $1000 in my trading account which I didn’t ask for nor was I shown any terms and conditions. I have not heard from Sarah since then. I’ve closed my trades so the money is sat there and a withdrawal is not being allowed!
    Another lady called Rema called last Monday to convince me to trade again, I told her that I was working and couldn’t speak, she agreed an appointment time with me for later that day, however 1 week later still no call, no withdrawal any what looks like no hope of getting my money back.

    Michael constantly spoke out how his other clients were $250k plus clients so why my £1000 account is so important to him I’ll never know!!

    They never call from the same number, do not accept calls on their what’sapp numbers and ignore emails! Do not use, even if you make money on trades you will never ever see that in your bank account!!

  3. WARNING
    I am in the process of getting connected with all media so this online trading scammed stopped and for people to be aware and don’t fall in the same trap I have. They are very convincing at the beginning and the minute you start talking about withdraw or close your account they start to ignore you and not like before trying to push you to invest more money. I will never stop until I get my money back all of it. DO NOT INVEST YOUR MONEY WITH THEM THEY ARE CON ARTIST. The nice gentlemen Laith called so many times and used WhatsApp and his so called secretary were on top with the communication. I paid the initial US$250, than another $1000, another $4000 and another $5000, and started to make money than Laith kept insisting on investing more money even suggest to loan from my house or bank, when I asked for withdraw and closed my online trading account this is when he ignored my calls, messages and emails. His secretary called a lady forgot her name she demanded an answer why do I need to withdraw and that I had nearly double the capital and who is telling me to withdraw, when I told her I no longer want to trade and I need my money and that I don’t want to talk about it and just assist me to withdraw my money like how Laith always says Taula you can withdraw your money anytime its your money, she said I’ll call back when your ready to tell me the truth, I was so confused it was like I am applying for a loan and I had to explain why I need my money back.
    I have engage an external parties not only to get my money back but to stop them from doing this to other people. PLEASE DO NOT EVEN TAKE THIER CALL THEY ARE SCAMMING YOU FOR YOUR MONEY.

    1. I have paid tax of $4000 AUD for my refunds and waiting for it, they have been very helpful with the process.
      I’ll keep you posted when/If I get my money back to be fair to them.
      Was told the funds will be in my account between 5hrs to 72 hrs so am waiting.
      Anyways I’ll keep you all posted.

  4. Please post warnings to social media accounts and ask your friends to share. I cannot believe hat these scammers have done to you! It’s a pity we can’t touch them, as they are registered in Poland….although not really because the register doesn’t include this company on its data base. I wish I had the technology education to sti g them back.

  5. That is hart Breaking! I am also scammed bij these brokers and lost my hard earned money. They follow the same tactics all over. They did the same thing to me. I have an advertisment op sociaal media and I then filled a form. After two days I was contacted bij someone and completed the registration. The departement of acount verfication they called it SO….asked me voor some documents inorder to complete my registration and I can withdraw my profits. Then I was contacted bij young man called Aaron Sloan a personal manager and asked me to invest $ 250 then aditional $ 1000. He continued pushing me to invest more sothat i can make bigger profits. He seemed at the beginning very humble, honest and caring but that didn’t last long though! I continued to invest more anyway….€1500 then €4000. Lastly he said that if i invest that evening I wil get a bonus and foolish enough i did €800 invested. He promised me that I can withdraw that amount the following week. The following week came in and I asked the money back. Then started the drama. My personal manager get disappeared. I tried to call him and his so called secretary but no responses. I wrote An email to the support groep. There was no positive reaction. After a couple of days I was contacted bij a man called Benjamin. He told me to close all tradings and withdraw all my money from my account. I did. Thereafter they sent me An email requesting my bank details voor the wire transfer. The next Day was my account terminated. Really sad. Please never try to invest with this scam broker….” Eurostandarte” they are real scam! I have no idea how I can be able to get my money. It is gone.

  6. Hi Eurostandarte Team,

    This is a follow up of numerous refund emails, so far I have not received any response apart from the standard response such as ( thank you for your email we will get back to you shortly).
    There is a will in this and differently a way, please follow up my refund request as I will never stop until I am refunded with all my hard earned money with my family.
    regards,
    Taula

    thought to share my latest email with you all – will keep you all posted of the process and the info to get your money back

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