CryptoEU is an offshore broker that provides CFDs over all types of cryptocurrencies. Total of three trading accounts are provided, but except minimum initial investment, nothing is mentioned on the website. The broker lacks regulation, and it is our primary concern. In this CryptoEU review, we will explore this broker and present all the critical information traders need to have before investing in this broker. This review is very beneficial, and reading it thoroughly is mandatory for complete understanding. Read the full CryptoEU review here.
According to the website of CryptoEU, it provides more than 50 cryptocurrencies over CFDs. The cryptos provided are Bitcoin, Ethereum, Dash, QTUM, WAVES, Steem, OmiseGO, Lisk, Gnosis, Golem, Augur, Status, MaidSasfecoin, GameCredits, DigixDao, Basic Attention Token, Metal, FirstBlood, Aragon, Civic, FunFair, Edgeless, Numeraire, Wings, Storj, Xaurum, Melon, Hamaniq, Synereo, Mysterium, QRL, adToken, Nexium, Chronobank Labor-Hour Tokens, Patientory, Guppy token, Swarm City Token, Lunyr, AdEx, Creditbit, Legends Room, Hacker Gold, Bitcoin Cash, Ripple, NEO, IOTA, Monero, Zcash, Tether, NEM, Ethereum Classic, PIVX, EOS, Bytecoin, Stellar and Litecoin. The funding of trading accounts provided can be done by fiat money or cryptocurrency. The methods used are credit cards, E-wallets and bank transfer. Unfortunately, broker CryptoEU is unregulate. Columbia Capital Group LTD situated in the Marshall Islands owns brand CryptoEU. Furthermore, the Marshall Islands-based address provided by the broker is the same for many unregulated scam brokers. The broker also claims to be operational from Bulgaria with name O.A Media Solutions LTD. Local financial authority Financial Supervision Commission must regulate the Bulgarian brokers. Sadly, none of those as mentioned above, companies are regulated by FSC. We always warn our readers to trade only with brokers regulated by top financial authorities such as Financial Conduct Authority (FCA) in the U.K., the Cyprus Securities and Exchange Commission (CySEC), the Australian ASIC and even the Bulgarian FSC. CryptoEU advertises itself as a crypto exchange, but in reality, it offers CFDs over cryptos. The broker also offers managed accounts and acts as Market Maker. Market Makers makes profit by causing loses to their clients. The accounts provided does not allow withdrawals up to three to twelve months from the date of the first deposit. These conditions are cruel and could not be acceptable to any broker. The broker also charges 4% to 6% commission on the trade.
Is CryptoEU scam or legit?
The broker is unregulated and misleads its clients. Trading conditions are not attractive, and the broker applies salty charges and commission on the traders. In our view, the CryptoEU is a potential cryptocurrency scam broker. Investments are not is safe hands.