Basic Information
Pros and Cons
Pros
- Multiple customer support channels
- A wide range of services offered
Cons
- No regulation
- Limited info on accounts
- Limited info on trading fees
- No demo accounts
Is Euroxx Safe and Legit?
Euroxx is an unregulated brokerage firm established in 1993 and based in Greece, with approximately 5-10 years of operational experience. The broker offers services such as wealth management and online transactions for private investors, as well as research and analysis for institutional clients, utilizing the Z-Trade platform. Key trading conditions are not comprehensively detailed, and information regarding spreads and leverage is limited.
Currently, Euroxx lacks valid regulatory oversight, which raises significant concerns regarding its safety and legality in the financial markets. As such, potential clients should exercise caution when considering this brokerage for their trading needs.
In terms of market reputation, Euroxx has received mixed feedback from users. While some appreciate the multiple customer support channels available, others have raised concerns about the lack of transparency and limited information on trading fees and account options. Withdrawals have been reported as generally manageable, but the absence of a demo account and the frequency of complaints indicate that users may face challenges that could detract from their overall experience.
Is Euroxx a Regulated Broker?
What Are the Regulatory Licenses Held by Euroxx?
No regulated licenses are held by Euroxx. The brokerage is unregulated, which raises significant concerns regarding its safety and legality in the financial markets. Potential clients should be aware that Euroxx operates without any mainstream or offshore regulatory oversight, which may pose risks when engaging with this firm.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Euroxx does not hold client funds in independently regulated bank accounts, nor does it provide information on the segregation of client assets from its own. As an unregulated brokerage, it lacks participation in investor compensation funds or insurance schemes, raising concerns about the safety of traders’ funds.
Euroxx Leverage
The maximum leverage offered by Euroxx is not specified, and the broker does not detail any configurations for standard or professional accounts. Given its unregulated status, there are no legal limits or compliance with local jurisdictional requirements regarding leverage.
Euroxx Withdrawal Review
How to Contact Euroxx?
Euroxx has received mixed feedback from users, with complaints primarily focused on the lack of transparency regarding fees and account options. Credible sources of complaints include user reviews and forums. While some users report manageable withdrawal experiences, others highlight challenges, indicating a need for improved handling methods and response times. There are no significant public complaints or large-scale issues reported, nor has Euroxx faced any regulatory penalties or warnings, which may be attributed to its unregulated status. Potential clients should be cautious, considering the overall safety concerns associated with unregulated brokers.
Frequently Asked Questions
A1: Euroxx is currently unregulated, which raises significant concerns regarding its legitimacy and safety in the financial markets. Potential clients should be aware of the risks associated with engaging with an unregulated brokerage.
A2: Euroxx does not hold any regulatory licenses, operating entirely without mainstream or offshore regulatory oversight. This lack of regulation is a major factor to consider when evaluating the broker’s safety.
A3: Euroxx does not provide information regarding the protection of client funds, such as holding them in regulated bank accounts or segregating them from its own assets. This absence of capital protection measures raises concerns about the safety of traders’ funds.
A4: Users have reported mixed experiences regarding withdrawals from Euroxx. While some find the process manageable, others highlight challenges, indicating a need for improved handling methods and response times.
A5: Euroxx offers multiple customer support channels, including a phone line and email contact. However, users have expressed concerns about the transparency and responsiveness of the support provided.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.