Our review of Eurostandarte.com will provide useful insights into what this broker offers and whether or not they are a scam.
Eurostandarte.com was registered in June 2020, which means they can’t compete with brokers who have been around for a couple of years.
They providing trading in various assets which include Currencies, Commodities, Indices, Stocks and Options.
According to their marketing materials, Eurostandarte is operating under a Polish investment company called EURO Corp sp Zoo.
They provide their physical address as Polska 01-234 Warszawa, Marcina Kasprzaka 31.
In addition to this, the broker is offering the popular MT4 trading platform.
But this does not necessarily mean that they are a good broker worth investing with.
Having said this, we will go ahead and discuss what we think about this broker as well as what we’ve observed in the process of perusing their website for information.
If you would like to invest elsewhere, consider using these wonderful products because the direction of this website will take a negative turn anyway.
The broker is promoting its services by mentioning that they provide state-of-the art security, 24/7 support and mobile compatibility.
They say that spreads are tight on their platform, and that they guarantee fast execution and better service.
On their homepage, they talk about how they perform data analysis and how this information helps their customers.
It’s not clear whether this broker has any customers just yet since their Alexa ranking is very poor.
We generally prefer trading with popular brokers who have been in the industry long enough.
Eurostandarte account types
They provide 5 different account types for customers. The following table provides features of those account types in a snapshop.
|Standard||✓||Market guide +financial analyst||$5,000|
|Business||✓||Market guide +financial analyst, weekly market review||$25,000|
|Premium||✓||Market guide +financial analyst, weekly market review||$50,000|
|VIP||✓||Market guide +financial analyst, weekly market review||$250,000|
It’s worth noting that Premium and VIP account types provide live trading sessions as well.
However, the disclaimer statement of this broker states that they don’t offer any investment recommendation, yet this is exactly what they’re doing.
Spreads, Leverage and other costs of trading with the broker
The broker is not very transparent about the cost of doing business with them.
They did not publish information about their spreads anywhere and neither did they talk of commissions.
However, the broker is making it clear that no fees will be charged during withdrawals.
The only thing they need traders to know is that minimum withdrawal threshold will be £10 or its $10 equivalent.
Eurostandarte.com also omits useful information such as leverage.
We would like them to tell us what leverage that traders will be entitled to if they sign up.
Ideally this information ought to have been included in their account types page.
Of course if we can’t know the cost of spreads upfront, we can’t open a live account either.
Eurostandarte.com deposit and withdrawal methods
They accept major payment processors which include Visa and MasterCard.
In addition to these, traders can fund their accounts through WireTransfers and eWallets.
This broker is not regulated
They claim to be a Polish broker but their regulatory status seem to be hidden.
In Poland, the regulator is called Komisja Nadzoru Finansowego, KNF. This is the local financial regulator that should be holding the license of this broker.
Unfortunately, Eurostandarte isn’t regulated which means our funds will not be safe in their hands.
This is because an unregulated broker won’t put their customers’ money into segregated accounts and there will be no compensation if the company disappears off the radar.
Eurostandarte is not a Forex broker that we would recommend.
They are new and they don’t have any reviews or customer feedback just yet.
Secondly we would never trade with an unregulated broker as the risk would be too high.
Thanks for reading and we hope we have shown you where to get the best brokers who are regulated and licensed to provide financial services.