EenMarket.Group review – 5 things you should know about eenmarket.group

EenMarket.Group review – 5 things you should know about eenmarket.group

Rating: 1

Beware! EenMarket.Group 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.

 

EenMarket.Group falls into the category of those dangerous shady brokers that user have to really look out for. The reason, as always, is that these brokers are very capable of scamming user by applying simple yet effective techniques: a good looking website, a lot of “legal” docs, well though of lies, and other instruments of manipulation. The following review breaks down EenMarket.Group and reveals the firm for what it really is.

The broker would not allow us to register. It blocked our access to a user area, which takes us  to the website for all the trading and payment details. As always, we like to warn our users that all the info on the site, no matter how well presented, is not 100% trustworthy.

With that said, we learn that the available financial instruments are forex currency pairs, indices, commodities, and stocks. The leverage maximum is 1:300 for the higher account type. There is no spread value revealed here. As for the presence of account types, we have learned from hundreds onf previous scammer brokers that rarely if ever are there actual applicable account tiers.

EENMARKET.GROUP REGULATION AND SAFETY OF FUNDS

The company is operated by a parent firm located in Saint Vincent and the Grenadines. This is by far the most popular scammer broker location in the world, and not without its reasons. First and foremost, there is no FX regulator in place there, and the authorities regularly release public statements confirming this. But these authorities forgo to mention that the laws in the nation greatly facilitate the incorporation of scammer brokers by means of ambivalent laws that can be interpreted in many ways, some of which allow entities such as EenMarket.Group to register.

The broker also promotes TeamViewer and AnyDesk, whose purpose is to access a users PC remotely by the broker. These are incredibly dangerous softwares when put in the wrong hands. They are mostly used by scammer brokers.

Overall, EenMarket.Group is a scam and an unregulated entity. It is a risk to all!

Unless you wish to throw your money away for no reason , there is absolutely no incentive for investing in unlicensed brokers. In fact, you would be doing them a big favor by funding their further fraudulent projects. If you wish to trade real FX and CFD with regulated brokers, looks no further that those that are regulated, especially in well known locations such as Europe, the UK, the US, or Australia. The regulators there are pedantic to a ridiculous degree and will do everything in their power to uphold the rights of the user and the integrity of the market industry. It is within their power to penalize brokers and demand client compensation, as well as to set industry standards and introduce new rules and regulation.

EENMARKET.GROUP TRADING SOFTWARE

There is an alleged web trader that is well promoted on the website. We are told that the web trader comes with advanced interactive chart view options, trading history view, technical indicators, real time market updates, and other tools and techniques.

Yet. there is no proof of this software being available. What we have to have in order to confirm the presence of this software is proof that can only be taken from a user area.

Unfortunately, without an access to a user area we cannot know for sure if EenMarket.Group offers a trading software or not. The way we see it there is a 50/50 chance that there is a web trader.

EENMARKET.GROUP DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit is mentioned as being €250.

According to the legal documents the available payment methods are credit cards, debit cards, bank transfers, and other alternative wallets that have not been detailed.

It takes between 4 to 7 days to process a withdrawal request. The legal docs reveals a number of withdrawal processing and handling fees that have not been disclosed at all. We know there are fees, but we have no idea how and when they apply, meaning that the broker can easily charges them anytime it wishes.

There is a 30% inactivity fee charged after 61 days of an account inactivity. These types of fees occur regularly and are applied by many legit brokers, but never do these surpass a certain amount- between $10 and $50, but never 30% of the entire account.

There may be other fees, as revealed above. Overall, the payment conditions are completely confusing and out of touch. Do not trust this broker with anything!

HOW DOES THE SCAM WORK

Getting scammed usually happens without you knowing it. It’s a deceivingly simple process that owes its success precisely because it seems so avoidable.

First, there is the matter of getting in contact with the broker which happens in one of two ways. Either it contacts you, or you it. If it calls, it means that somewhere in your net journey you accidently left a phone number or an email address. Or you were persuaded by the broker to contact it, which is why many scammer brokerage sites looks so appealing.

The hardest thing to achieve, for a fraudster, is to convince a user to invest an initial deposit. Prior to this a certain level of trust must be built, centered around a false sense of rapport. The broker will fake an interest in the user and in the process talk about market and profit opportunities, as well as investment choices. It’s all a part of a retaining strategy that will keep the user invested for at least a couple of thousand dollars, on average, until, eventually, he realizes the scammer pit he has fallen in.

When this happens, the broker will seize all contact with the user, and might even block the client from the website. It will go to great lengths not to return a single penny of the user’s money.

WHAT TO DO IF SCAMMED

The first thing you should do it to file for a charge back. That’s if you have invested by means of a credit or debit card. MasterCard and VISA have a chargeback period of 540 days giving users more than enough time to try to get their money back.

Wire transfer deposits are not as easy to acquire, and the best advice we can give you is to set up a reimbursement strategy with the bank leading the transactions. Most banks have strategies put in motion when these circumstances are met. Furthermore, if scammed via a wire transfer, it’s best to change your bank account user name and password.

Unfortunately, all crypto deposits are most surely lost for good. These transactions are untraceable and therefore once they reach the scammer end it all depends on the fraudsters if you see your money back or not.

Lastly, do not trust recovery agents or agencies. These are either separate scammers trying to get a hold of any leftovers, or can even be an extension of the brokerage scam.

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
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
Cyprus4.75/5$5 Click for a special offerWebsite

1 Comment

  1. Scammed by Eenmarket group, site closed
    – Soltechx Group,
    -Toptrade500 with address in ALTENSTEIG
    REPORTED TO THE POLICE IN ALTENSTEIG, GERMANY AND NOTHING. What is the crime police doing? Reported to OLFA, reported in England [email protected]
    Reported in HANFI-hr. I may be reporting the disaster to the wrong addresses. What should I do?
    ——————–
    Prevaren od Eenmarket group, stranica je zatvorena
    – Soltechx grup,
    -Toptrade500 sa adresom u ALTENSTEIGU
    PRIJAVIO POLICIJI U NJEMAČKOJ ALTENSTEIGU I NIŠTA. Šta radi ta krim policija . Prijavio OLFA-eu, prijavio u Engleskoj [email protected]
    Prijavio u HANFI-hr. Katastrofa možda prijavljivam na krive adrese. Što da radim.

Leave a Reply

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