EU-trade4u review – 5 things you should know about eu-trade4u.com!

EU-trade4u review – 5 things you should know about eu-trade4u.com!

Rating: 1

Beware! EU-trade4u is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Forex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

EU-trade4u is one of the shadiest brokers we have ever seen – and that really says something. Unfortunately, what it says is not good – EU-trade4u is undoubtedly a scam. And if you won’t take our word for it, check out the following warning issued against the broker by the Spanish CNMV:

It seems that EU-trade4u has been offering its services to Spanish citizens without authorization from the regulatory body. So, a closer look at the broker is warranted, starting with its claims to regulation:

EU-trade4u regulation and safety of funds

EU-trade4u is not regulated – as the CNMV warning states. However, the broker would have you believe it is – check out what it has to say on the subject:

There is no regulatory body called the Lebrn – it is a completely made up organ. Just check out the website it runs from:

Do you really think that a real regulatory body would not be able to even string two sentences properly? Clearly this Lebrn is just something scammers use to appear more legitimate! Real EU brokers have to follow unified regulation that mandates they report on a daily basis on open and closed trades, participate in guarantee funds and much more. What’s more important, the regulation they follow is unified – so if the broker really were licensed by an European regulatory body, it would not draw the ire of another!

If you wish to trade with legitimate brokers check out the top rated ones on our website –  available here.

EU-trade4u trading software

EU-trade4u provides access to two trading platforms – a web-based one and a distribution of Metatrader 4 – the latter is the most revered trading platform out there, preferred by many traders for its powerful automated trading features and much more. The web-based platform is alright too, but it lacks any form of automated trading. Here is what it looks like:

And here is the superior platform – MT4:

The spreads are ok – keeping under the accepted 1 pip range for FX majors. However, the leverage EU-trade4u offers goes up to 1:1000 – this is much more than what most regulatory bodies deem acceptable for retail traders. Still, unlicensed brokers like EU-trade4u offer them with no regard to their clients’ safety of funds. So, should you see a high leverage in the wild, stay away – you are most likely dealing with scammers!

EU-trade4u deposit and withdrawal methods and fees

EU-trade4u accepts deposits via credit cards – this is quite beneficial, as it also has a very restrictive withdrawal policy – and cards allow for a chargeback to be filed within 540 days of any transaction.

The withdrawal policy actually explicitly states that withdrawals of profits are not possible – here is how EU-trade4u frames it:

So, if your account has been credited with a bonus, all funds made from trading from that bonus are considered Non-Deposited and ineligible for a withdrawal – but how do you know which money is made from trading with your own deposit and which – from the bonuses EU-trade4u issues? You cannot – the broker will claim all of your profits fall within the Non-Deposited funds category and keep it for itself.

Furthermore, while the bonus is available for withdrawal, that can only be done subject to executing an impossible turnover of 25 times the bonus plus your withdrawal. And even if you are a trader skilled enough to do that, there are hefty fees associated with withdrawals:

At minimum you will pay at least $35 for a withdrawal – and that is provided you can also achieve another impossible turnover of 200 times, otherwise you will be hit with a 10% levy on top of the other fees! There is also an unacceptable fee on inactive accounts:

While other brokers charge similar fees, they are never as high as 10% of your balance!

How does the scam work?

There is no doubt – EU-trade4u is a scam. What’s more, it is running a very common scheme – here is a rundown of that scheme:

  • The scammers get ads on social media and have them promise incredibly lucrative investment opportunities.
  • These ads lead to the scammers website where victims are prompted to make an account and leave a phone number in the process
  • Once that is done, the scammers start calling around the clock to demand money
  • More and more is extracted from the victim, until they realize what’s going on and stop depositing – at this point the scammers just cut them off and move on to new targets.

What to do when scammed?

If you have been scammed, there are some steps you can take to limit further losses:

First off, recall what forms of ID, credit cards and so on you gave access to the scammers to – and immediately get new ones issued! Also, remove all software the scammers had you install on your PC.

Once that is done and your privacy is in your hands once more, see if you can get your money back – contact your bank and have them walk you through your available options. Do not fall for the recovery agency scam! If contacted by one, which promises to restore your money at the cost of an upfront payment, do not fall for it – that is simply another scam!

Finally, do not hesitate to leave a comment with your experience with EU-trade4u – by doing so you will be helping us raise awareness of the scam, which is the best way to combat it!

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
Cyprus, Bermuda4.75/5$50 Click for a special offerWebsite

1 Comment

  1. Hello,
    I just came by this email to tell you what I am currently going through with eu trade4u. The broker convinced me to invest in a litigation contract ending on August 31, 20221 and promising me a return on investment after 10 days. He sent me two swifts as proof of payment and a few days later informs me that the transfers have been returned to them and they need to change intermediary banks for new ones. I’ve been waiting for my money for over a month and a half and still nothing. The answers we give are they are carrying out checks at the level of the regulations in force since things have changed, last Wednesday, the broker reassured me that I would receive my money on Friday and to this day always nothing. We are more than 6 people who have invested in it.
    I had paid by transfer and my bank tells me that it cannot do anything, especially since the transfer was sent internationally. Despite my numerous messages to the broker, no response from him for almost a week and some numbers no longer go through.
    Can you help me get my money back, please?
    ——————————
    Bonjour,
    Je viens juste par ce mail vous raconter ce que je vis actuellement avec eu trade4u. Le courtier m’a convaincu d’investir sur un contrat litige prenant fin au 31 aout 20221 et me promettant un retour sur investissement au bout de 10jours. Il m’a envoyé deux swifts comme preuves de paiement et quelques jours après, il m’ informe que les virements leurs ont été retournés et qu’ils doivent changer de banques intermédiaires pour de nouvelles. Cela fait plus d’un mois et demi que j’attends mon argent et toujours rien. Les réponses qu’on donne c’est ils ont entrain de faire des contrôles au niveau de la réglementation en vigueur vu que les choses ont changées, mercredi dernier, le courtier m’a rassuré que je recevrais mon argent vendredi et à ce jour toujours rien. Nous sommes plus de 6 personnes qui avons investi la dedans.
    J’avais réglé par virement et ma banque me dit qu’elle ne peut rien surtout que c’est à l’international que le virement a été envoyé. Malgré mes nombreux messages au courtier aucune réponse de sa part depuis bientôt une semaine et certains numéros ne passent plus.
    Pouvez m’aider à récupérer mon argent, s’il vous plaît?

Leave a Reply

Your email address will not be published. Required fields are marked *