EU-Crypto Bank

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.

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.

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.