EU Finance is an illegal CFDs broker that appeared on the internet around March 2022. The phony broker is operating from the website Eufinance.co and scamming clients from the UK and also on a global scale.

Additionally, EU Finance lures investors using features like bonuses and trading signals. They tell investors that the broker has “extensive technical analysis” team that wants to help investors with no time or knowledge of trading.

The illegal brokerage is also accepting a minimum deposit of $200 only. However, they’re using clever tricks to extract even more money from the victim.

They use cold calls and apps like whatsapp to contact their victims and coerce them to deposit money into their offshore bank accounts.

These criminals use offshore bank account networks that guarantee safety of their funds in addition to making it difficult for the authorities to track them down.

Please note: If you have lost money in this phony wheeler dealer, you should follow these tips in order to recover your lost funds.

EU Finance Broker review

EUfinance.co is a very new website as anything that is less than 1 year old is usually considered brand new on the internet.

However, it’s shocking that EU Finance has already scammed a number of people because we have noted a large number of complaints from angry investors.

The broker claims that they’re from the UK but this seems to be another lie that they cooked up in order to sound legitimate.

Our survey team actually investigated the physical address that this broker provided on their website and found that the premise is hosting a jewelry and clothing shop. The building does not look like it is home to any Forex or CFDs broker.

EU Finance has also refused to disclose the name of the company or entity that runs the website. This proves that they lack transparency, which is a key characteristics when it comes to choosing a good broker.

The CFDs brokerage has also failed to disclose the names of people who run the operations of their website.

In other words, the brokerage is 100% anonymous. We can’t trust their alleged location but our best guess is that this broker is situated in a far away island where regulations don’t exist.

This is how brokers like InteracInvestor and AceFX Pro run their illegal enterprise, stealing thousands of dollars every month from the financially naive.

EU Finance is an unregulated broker

The brokerage is obviously unregulated because if they had any sort of authorization, they would have made it clear on their website.

There is a high probability that the scammers are operating from an offshore location where regulations are either weak or do not exist.

Jurisdictions like Cyprus and St. Vincent and the Grenadines are known for hosting all kinds of criminals. They’re best known for hosting pool parties and bikini babes.

These jurisdictions are a favorite place for money launderers, drug lords, pimps and mobsters. This is why many shady Forex and CFDs brokers like to setup shop here.

I wonder how people still trust these criminals. Perhaps it’s because of their professionally-done website and their sales language.

These crooks would go to any lengths to convince you to give them thousands of dollars. Many times a victim will not suspect anything until after he has transferred money from his Credit card to the illegal brokerage.

We prefer brokers that have wide reputation, one that is known for professionalism and not for scamming traders.

Most of the time this broker will be based in a location that is well regulated like the US. If a broker can meet the tough requirements of strict regulators like the CFTC, then it would mean that the broker is serious about their business and would not engage in any illegal activities.

How EUFinance.co robs its customers

Most victims live in denial the first time they find out that the broker is not willing to send them their deposit or whatever “profit” they may have made in their trading account.

First of all, it’s extremely difficult to outsmart these illegal CFDs brokers (I will explain later in this review).

And if you somehow get lucky, cashing out your earnings will be an impossibility rather than a reality.

An illegal CFDs brokerage like EU Finance is basically a bucket shop that is run by a fucker . Bucket shops operate like a casino where one has to lose money in order for another to make money.

Bucket shops don’t route your trades to the servers that run the financial markets where a pool of trades are executing every other second. Instead, the bucket shop is the entity that trades against the customer. The brokerage has a back office with multiple buttons and software configurations that control every aspect of the customer’s trades.

It means EU Finance can’t succeed in its game if you keep winning. So they must make you lose regardless.

No automatic withdrawals are allowed as the broker does not intend to send you any profits or deposits in the first place.

Once money is in, getting it out is next to impossible — not until you involve a claims management company that has extensive industry experience. These tips can help you find out how to recover your lost funds.

Wrapping it up

There are many red flags that give away the real intent of these crooks. Their outrageous features should raise the red flag.

There’s nothing like a bonus or high leverage. These two things give the illusion of liquidity in a small trading account but in the end, they lead to depletion of your account real quick.

Remember that previously I talked about how a broker like EU Finance is not willing to give you any money.

The features they give you on their website is to make you believe that you have a genuine loss so that you will not complain when they scam you.

The brokerage is rigged from the word go and no single customer has ever made any money out of this broker’s platform.

The charlatans who run the scam are obviously clever. They’re even promising “trading education and signals”.

Ask yourself this; how can this shady broker help you attain success if their aim is to steal your money in the first place?

Thanks for reading this review. If you have a comment, please drop it below and we kick off a discussion.