Score

1.43 /10
Danger

EU-Crypto Bank

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.38

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

EU-Crypto Bank

Company Abbreviation

EU-Crypto Bank

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

EU-Crypto Bank · Company summary

Since EU-Crypto Banks official website (http://ww25.eucryptobank.io/) is now unavailable, we had to piece together as much information as possible on this brokerage house as a forex broker from other sources.

General Information

EU-Crypto Bank is supposed to be a newly-established forex broker, allegedly offering its clients a series of trading services. EU-Crypto Bank is pretty vague about who runs it and it does not disclose its founding time and registered office address, either.

Since its official website cannot be opened, we were unable to obtain more information about its trading assets, spreads, commissions, trading platform, and more.

EU-Crypto

As far as we can tell, EU-Crypto Bank is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.21 out of 10 overall. Don't be oblivious to the potential danger.

Account Types

EU-Crypto Bank does offer six tired trading accounts, however, just like many unregulated scams, this broker requires high minimum deposits and offers high leverage.

To open a basic with the EU-Crypto Bank platform, investors need to fund at least $250 in the account, which is acceptable, though this requirement is much stricter than its peers who only ask for an initial deposit of around $100 or even less. Ridiculously, from the Silver account, this broker begins to require an absurdly high minimum initial deposit, with the Bronze account from $10,000, the Silver account from $50,000, the Gold account from $100,000, and the VIP account from $250,000 and the Pro account from $1,000,0000.

All EU-Crypto Bank wants to do is to extract all your available money from your pocket.

Account

Leverage

The maximum trading leverage offered by EU-Crypto Bank is up to 1:400, which is much above the levels considered appropriate by the vast majority of regulatory authorities. Offering high leverage is a typical tactic for offshore and unregulated forex brokers, and the only reason EU-Crypto Bank does this is to attract investors to jump into its trap.

Customer Support

Worryingly, the only way available to get in touch with EU-Crypto Bank is through an email it left: support@eucryptobank.io. This means you will not be able to get in touch with this broker quickly if there are issues with your trading procedure. What's more, if you have trouble making a withdrawal, any money you may have lost is gone.

Risk Warning

There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.

Please keep in mind that the data presented in this article is meant to serve as a guideline only.

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Chin Vun Boke
more than one year
I met huge spreads on this platform, and they told me that it was due to the inadequacy of liquidity. For this reason, a very common excuse, and I would definitely not believe. What’s worse, its trading system logging me out and customer service would take days to respond. I haven't met a bad broker like this one.
I met huge spreads on this platform, and they told me that it was due to the inadequacy of liquidity. For this reason, a very common excuse, and I would definitely not believe. What’s worse, its trading system logging me out and customer service would take days to respond. I haven't met a bad broker like this one.
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2023-03-21 09:54
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宗介.
more than one year
EU-Crypto Bank is the worst broker I’ve traded with. It disappointed me so much.I encountered consistent huge slippage here, while they told me it was due to the maket volatility. I quickly said goodbye to this broker after trading with it for two weeks.
EU-Crypto Bank is the worst broker I’ve traded with. It disappointed me so much.I encountered consistent huge slippage here, while they told me it was due to the maket volatility. I quickly said goodbye to this broker after trading with it for two weeks.
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2023-03-17 18:18
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