The foreign exchange and CFDs broker EU Capital offers 6 trading accounts. However, it’s a top-selling point are offered generous and massive on the first minimum investments on all the available 6 trading accounts. The offered welcome bonuses range from 20% to 100% depending on the provided accounts. Nevertheless, trading bonuses are entirely blocked in the regulated trading markets like the European Union, America, Australia, and Japan. Unfortunately, this is not the only concern we have about EU Capital. It is a low credible broker operating without proper licensing and regulation. More on this will be discussed in a thorough fashion in our EU Capital review. Let’s go ahead and do it. Shall we?
About EU Capital:
Offered 6 different trading accounts are Basic, Bronze, Silver, Gold, Platinum and Black. The minimum initial funding required is as follow $250, $1000, $5000, $10000, $50K and $100K accordingly. On all the trading accounts maximum leverage of 1:200 is offered with spreads starting from 3 pips. To develop an impartial and unbiased EU Capital review we must talk about all the pros and cons of it. We will first look at the pros. The broker offers a solid choice of trading functions starting from foreign exchange pairs, commodities, stocks, share, indices, many products as well as cryptocurrencies. Such a wide product portfolio is used to reduce the scam or loss risk and is always welcomed. The leverages we talked about previously will satisfy all the needs of all types of traders. In addition to all of this, the broker provides almost all sort of payment options. The payment options include bank transfer, cards, electronic wallets, also crypto coins.
Now it’s time to look at all the cons of EU Capital. The major red flag of this broker is its anonymous nature. The broker fails to mention the name of the entity operating it. The offered bonuses require at least 30 times trade performed before eligible to withdraw them. Such terms and conditions are unacceptable. The overall presentation of offerings of EU Capital is not present on the official site. Leverages and Spreads are seen only on the trading platform. Also, the trading platform is not MetaTrader it is a poor performing web trader. The spreads of 3 pips are quite wide and increase the cost of trading. Also, relatively high initial funding is required to operate a basic account. And other premium accounts need multiples of thousand investment and it is absurd.
Is EU Capital scam or legit?
Of course, the EU Capital is a potential scam broker 2020. The reasons are non-regulated, anonymous nature, poor and high trading conditions. High initial deposits and banned trading bonuses. MT is not offered.