The CryptoEU Forex broker is a name that appears in more and more broker lists. It is mainly an offshore cryptocurrency broker that is owned by Columbia Capital Group LTD. Located in Ajeltake Islands, Marshall Islands, the trading platform is generally considered a scam. Today, we are reviewing it in detail and speaking more about what makes us believe that it is a scam broker.
General Information About The CryptoEU Forex Broker
When you first land on its website, you can see that there is a custom made a trading platform which is unique and easy to use. Being a hundred percent web based, it offers CFD trading on many cryptocurrencies and underlying assets. The list includes cryptocurrencies such as Bitcoin, Litecoin, Dash, Ethereum, Monero, Ripple and Gnosis.
There are different account types available on the platform and the minimum deposit starts at $250. The leverage is also attractive being set at 1:2 and 1:4 depending on whether you are trading against US dollar pairs or other crypto pairs. However, the CryptoEU Forex broker is a scam broker because of many other reasons.
Complaints About CryptoEU Forex Broker & Detailed License Check
We have received a lot of complaints from users trading on the CryptoEU Forex broker – and users who have problems after they accept a bonus. Because of this, many users label this as a scam broker – which can be seen in detailed reviews on the page which is within our Bitcoin brokers list.
As you can also see on the website, there are many “automated trading systems” which hear about through Facebook advertisements. Now, what you probably don’t know is that most of them are scams.
When we decided to check their license, our scam investigators immediately saw that the CryptoEU Forex broker is actually a scam broker. The broker’s license is missing – which means that Crypto EU is not a licensed broker. Despite its looks, advertisements and attractive features, a broker that is not licensed is generally considered a scam.
On the other hand, legit Forex and Bitcoin brokers will always have licenses obtained from the FCA in United Kingdom, CySEC in Europe or ASIC in Australia. The CryptoEU Forex broker is missing that and because of that (and many other reasons and reviews) we can conclude that it is a scam.
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