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Introduction to EU Crypto Bank Review:
Scam brokers are brutal. They initiate contact with the customers with cold calls and try to convince them into investing the hard-earned money into the scam. During the call, these scammers use a variety of tricks to get the customers into investing more money such as fake promises that sound too good to be true, a 100% returns guarantee, and guaranteed profits no matter what the market condition is. In today’s EU Crypto Bank review, we will be investigating the red flags cleverly hidden by the broker. EU Crypto Bank claims to be a leading broker that promises a safe trading experience for the customers.
Name: EU Crypto Bank
Address: Not Disclosed
Minimum Initial Deposit: $250
Leverage Offered: 1:400
About EU Crypto Bank:
In this section of the Eucryptobank.io review, we will be revealing all the red flags raised by EU Crypto Bank that point us to the reality of the EU Crypto Bank scam.
EU CRYPTO BANK IS UNREGULATED
License is the most important thing that every brokerage firm must possess to legally function in the market. Despite this rule, many people remain unaware of it and fall into the trap set by the scam brokers. As the license is only given to the firms who pass the several tests put forward by the regulatory authorities, scam brokers are never successful in claiming one. This is the reason why one of the main parameters to differentiate the scam brokers from the regulated brokerage firms is the license. In our case, EU Crypto Bank does not claim anything about a license on its website. Upon scanning, we also got to know that EU Crypto Bank does not even reveal where the firm is based. With the help of our investigative team, we came to know that EU Crypto Bank is UNREGULATED. We warn our readers to never trade with unregulated brokers.
HUGE LEVERAGE OFFERED
Leverage is yet another problematic aspect that we must check before investing in a brokerage firm. The regulatory authorities always set a limit on the leverage that can be offered by the brokerage firms to the customers at 1:30. However, in the case of EU Crypto Bank, they offer leverage up to 1:400. This is huge leverage as compared to what the regulated firms ask for and therefore points to the Eucryptobank.io scam in this EU Crypto Bank review.
Conclusion: Is EU Crypto Bank a scam broker or a legitimate one?
To sum up, all that has been stated above, we leave it on you to decide whether EU Crypto Bank is a scam broker or a legitimate one. However, we must warn you to stay away from EU Crypto Bank as it is a potential threat and unregulated. If you have been scammed by EU Crypto Bank, fill out the form above and file a complaint with us. Our team of analysts will get back to you with the best solutions possible. Read FXBullion Review here.
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