EUFM Broker Review
- EUFM provides online Forex and CFD trading.
- EUFM requires a minimum deposit of 3,500 EUR
- The EUFM offers bonuses up to 50%, but if you accept, you will not be able to withdraw your money.
EUFM Broker Review – Is EUFM.eu Broker Scamming People?
A company called European Financial Markets, a.k.a. EUFM, seeks to convince us that it is a legitimate European firm. The BaFin warning reveals that this firm allegedly used a fake document signed by German authorities to present itself as a legal firm. BaFin issued a notice once it was uncovered, and the document disappeared from the broker’s website.
To learn everything about EUFM, read our honest review. Read our unbiased PrimeDeltas, 5Markets, and GladioluStox broker reviews first. There is a risk to your funds with them!
- Unregulated Scam Broker Status
- Regulated by: Unlicensed Trading Company / No Regulated
- Websites of scammers: EUFM.eu
- Forex Trading Scam: Active
- It is listed as a scam by: BaFin, CNMV, CONSOB, FSMA, and DFSA
- Owner of the broker: EUFM Ltd.
- The Marshall Islands is the headquarters country.
- Inauguration year: 2021
- Platforms for trading online: WebTrader
- No mobile app / Not available for mobile trading
- EUR 3,500 is the minimum deposit
- Deposit Bonus: UpTrading of Crypto Assets: Available (Zcash, BTC, Litecoin, ETH)
- Trading CFDs is an option: Yes, you can trade CFDs
- Cryptocurrencies (Cryptos) and Forex (FX) are the trading instruments available.
- There is maximum leverage of 1:500.
- Accounts for Muslims are available.
- Demo Account: No, only live trading accounts available
- Accepts US Clients: US traders are not accepted.
- Global Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!
Is EUFM Regulated? – Why Does It Matter?
EUFM is a trademark of EUFM Ltd, with company number LU1804202403. The EUFM regulation, however, cannot be located in a central location.
Despite implying that Estonian law governs the broker’s Terms and Conditions, the German regulator has found that EUFM is based in the Marshall Islands. Neither of these two countries has a sense of security or safety.
Warnings Against EUFM Scam
The firm received official warnings from several regulators after receiving complaints from EUFM.
Official Warnings Issued by CNMV and BaFin – Evidence of Fraud
There are very few warnings against brokers that are so unique. Following the fraud, the Spanish, German, and Italian regulators launched separate investigations. The Spanish regulator noted that the firm is not legally authorized to operate.
The German BaFin investigated the company’s forgery and fake BaFin documents it provided clients. This firm is also accused of giving abusive financial services by the Italian CONSOB.
The CNMV warning was republished shortly after by the Belgian FSMA and Danish DFSA.
Where Is EUFM Trading Scam Active?
Based on what we know, the European Financial Markets trading scam mainly targets:
- Germany
- Spain
- Switzerland
- Italy
- France
- Albania
How Do Scammers Contact Their Victims?
We’ve learned from EUFM reviews that this company doesn’t stop spamming existing and potential customers. There are several ways in which they communicate with you, depending on your status.
If you’ve ever registered with this company, you may expect to receive spam emails and WhatsApp messages.
The person who contacted you will tell you about their beautiful experiences with the broker EUFM and how they quit their job and became financially free if you haven’t submitted your details. If you haven’t submitted your details, you can be approached by fake profiles on social media and dating apps. To change your life, you will need to deposit with this firm.
Don’t fall for these false stories, or you may find yourself defrauded! It would help if you also excluded Globalix, Glenrock, and Kiplar from your list of potential brokers. You’ll save money, nerves, and time!
What can EUFM fraud victims do? – Start the chargeback process
If EUFM has scammed you, please let us know. Please get in touch with our chargeback specialists if you need assistance with the refund process. As time is crucial when dealing with monetary transactions and some refund methods are time-limited, it’s imperative to act quickly.
We will schedule a consultation with one of our specialists via online chat today! I want to help you get a refund, so let’s get started!
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FAQ Section:
1. What Is EUFM, And Should I Invest Money In It?
EUFM provides online Forex and CFD trading. This firm is unregulated and uses false documentation. So, get in touch with us for help with refunds if you are a victim of this company’s scam.
2. What Is The EUFM Minimum Deposit?
EUFM requires a minimum deposit of 3,500 EUR, which is incredibly high compared to industry standards of $250.
3. Can I Trade Cryptocurrencies And CFDs With EUFM Broker?
EUFM brokers allow you to trade crypto and CFDs, but they aren’t recommended.
4. Does EUFM Give a Deposit Bonus When Opening an Account?
The EUFM offers bonuses up to 50%, but if you accept, you will not be able to withdraw your money.
