Our article exposes the TradeEU Global scam by analyzing regulatory red flags, real user complaints, and withdrawal issues, helping victims understand what happened and how to take action.
TradeEU Global is a broker that has been around for a considerable time now. They have got mixed feedback from the crowd, and a lot of people are worried about the legitimacy of the operations. Just a quick glance at their website shows us that they are regulated by the FSC of Mauritius.
However, the regulation is primarily for the name’s sake, and the standards enforced are questionable. In other words, the audit checks and safe practices are not enforced to the maximum extent. On the bright side, they do have a social media presence, and their customer support does flaunt short turnaround times.
Take a look at the following content and decide for yourself whether it is worth the risk to continue with them. After all, given the number of choices available in the trading industry, finding a reliable and reputable service is never an issue.
TradeEU Global Regulation
TradeEU Global is regulated in Mauritius and Cyprus. We will list out the details below for quick reference. The regulation status is something you should always look out for. However, do not be under the assumption that all regulations are the same.
FCA and FTC have strict guidelines, and the enforcement is as rigid as possible. Next time you want to do research about any platform, take a few minutes to check the fine print, and it will serve you well.
Registration Number Cyprus – HE 441511
Cyprus Address – Agion Panton, 12, ST. George’s Building, 3016, District of Limassol, Cyprus.
Registration Number Mauritius – 183967
Mauritius Address – C/o Allserv Management Ltd, Office 306, 3rd Floor, Ebene Junction, Rue de la Democratie, Ebene 72201, Mauritius.
Contact Details and Support
When it comes to choosing any service, as users, it is our duty to check the contact details. TradeEU Global has done a good job of showcasing all the contact information on their website. They appear to have numerous centres in different countries, which is a positive sign.
On top of the phone numbers, you can reach out via chat, email, and contact form(website only). Note that they haven’t mentioned any turnaround time for emails, so for the moment, that’s a big question mark.
The support team of TradeEU Global appears to be good. Testimonials reveal that they are usually quick to resolve issues, and communication itself was never one of the factors for disappointment. In short, the available information does paint them in a good light.
TradeEU Global Trading Conditions and Account Types
TradeEU Global offers a web-based trading interface like a lot of unregulated brokers. If you are a fan of trading bots, then it might be a hassle to switch to this system. On the contrary, if you are a beginner or follow a simple approach, then the web-based interface will be the ideal environment.
Leverage tops out at 1:200, but it also depends on the asset class. So, make sure to check the data regarding fees and trade-related information before pulling the trigger. Asset class offerings are top-notch, and the core philosophy is decent enough for most people.
There are four account types offered by them, and as a rule of thumb, the higher the capital you deposit, the more perks you unlock. Keep in mind that the spreads are huge, and a lot of regulated brokers offer much better competitive prices than the ones this platform has to offer.
Deposit and Withdrawals
The minimum capital required to get started with them is $250. If you want to check out their interface before making the transfer, then we suggest you sign up for their demo account. The withdrawal requirement is ambiguous, and depending on the selected payment method, there might be extra charges included.
Multi-currency payment is allowed, and according to their FAQ section, the maximum time for withdrawals is 3 days. Bank transfers are also allowed, and they carry a steep price, as anticipated (roughly $50).
Payment systems supported by them are not listed, so check the available options on the website from time to time, as they may be subject to change.
Testimonials about the TradeEU Global Scam
Testimonials from the users of TradeEU Global paint a concerning picture, regardless of which platform you encounter them on. The sheer number of 1-star ratings is unbelievable, and it scares even the most optimistic people who believe in this specific platform. Take a look at the couple of comments users have made on Trustpilot. Do you find it reassuring?
Not to think to join this company for trading promised to recieve profits 3-5 days till now more than 5days still not recieved my profits yet?
Think before invest your money in this company?
The support team always refer to manager stupid system
Very badPlease be aware, I deposited my money for trading. Later on I had financial need which require me to close all open positions even the one with loses in order to allow withdrawal. It is now the second week, they just give me different excuses and push me not to withdraw my money. Every time I make a follow up, I receive the call from a different representative. Please be aware, this is really a scam
TradeEU Global Scam Review Conclusion
TradeEU Global is a broker that has a mysterious side and an ambiguous side. Regardless of which aspect might catch your attention, know that the tradeoffs they offer are deadly, and if anything goes south, it may burn a hole in your pocket.
So, stick with regulated entities that have been around for at least five years, and talk to a financial consultant if you are planning to invest heavily.
If you have lost a significant amount of money to online scams, do not lose hope. We can help you trace your funds!
