It was supposed to be the perfect scam, and the fraudster would’ve gotten away with it if it weren’t for these meddling scam busters. The Eurivex Review is here to show you the truth.
Let’s expose this cunning trap and make a distinction between it and the real Eurivex. The scam is the doing of a clone of this Cyprus-based company.
Also, fraudsters such as BizzTrade, InvestCore, and MigoTrade should be avoided as well. Withdrawing funds will almost certainly be difficult for you.
|Broker Status:||Offshore Scam Broker|
|Broker Regulation:||Unlicensed Forex Provider / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Crypto Trading:||Not Available|
|CFD Trading:||Yes, you can trade CFDs|
|Islamic Account:||Not Available|
|Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Team:||Don’t Invest in This Scam Broker!|
Is Eurivex A Reliable Broker With a License?
First, we need to get a few facts straight. Eurivex Limited was founded in 2010 in Cyprus and has been regulated by the Cyprus Securities and Exchange Commission (CySEC) ever since.
Pay special attention to the “Approved Domains” list that CySEC posted. Now, compare that to the website link of the suspected clone: https://eurivextrade.com/index.php
The registration page of the real Eurivex, the link to which was found on the regulator’s website, leads to an entirely different website. This is what the legitimate one looks like:
Therefore, the fraudster that we’re dealing with doesn’t actually possess the Eurivex regulation. CySEC certainly didn’t approve the fake eurivextrade.com. The question is, who is behind this hoax? Is Eurivex in the gray zone? Or is it the deed of some clever scammer?
You must be careful as this particular trap was pretty convincing. Be sure to double-check your broker’s status and its license issued by CySEC, FCA, or any other EEA zone regulator operating under the jurisdiction of the European Securities and Markets Authority (ESMA).
Where Is Eurivex Trading Broker Active?
Now that we’ve got the domain stuff out of the way, it’s time to see where this fraudulent scheme found victims. Being disguised as a regulated entity certainly helped.
- New Zealand;
- The Netherlands;
- The United Kingdom.
We see that these are all heavily regulated states. The CySEC license pretext probably helped this scammer bypass other financial market watchdogs.
What You Need to Know About Eurivex’s Trading Platform
What we know is that there is no trading platform. The clone simply has a registration page. No Eurivex trading platform, conditions, instruments, etc.
In fact, the real Eurivex deals with bonds, i. e. is an investment brokerage, not a Forex/CFD/crypto trading provider.
How The Scam Works
On the clone website, we have the classic Eurivex login/registration procedure. You fill out the given form, which is kind of shady. It requires a lot of personal details such as your ID card & passport numbers.
The kind of details that would prevent you from getting a chargeback and reverse credit/debit card transactions. You need to choose whether you are a Mr., Mrs. or Dr. and state your profession & intended investment.
To get your account verified and become a partner, you need to provide images of your ID card and passport. Also, you have to agree to the partnership terms, but the scammer provided a broken link so we couldn’t examine them.
We suppose the scam rolls like this – you fill out the form, submit your personal information (ID and passport, address, utility bill, etc.) and open your fake account.
Then the scammer contacts you demanding your first investment, you pay, the scammer promises wealth in a short period of time, you fall for it and next thing you know, some time has passed and you still haven’t heard from the con artist.
Your investment has been embezzled, and the scammer has vanished and ceased all communications with you. We believe that’s the most plausible scenario here.
Withdrawing Profits From Your Account
Withdrawal issues are the first indicators of the scam nearing completion. The Eurivex withdrawal process probably doesn’t exist.
In case this happens, you must file a complaint against the broker. For some reason, either copy-paste or something, the scammer left this note – Annual safekeeping and custody fees are settled only by Bank Transfers via our secure payment gateway.
We’re not entirely sure whether this clone deals exclusively with bank transfers or if are there some other payment methods involved. Credit/debit cards are very likely to be there as well.
I Have Issues With Eurivex, What Should I Do?
Global Fraud Protection recently uncovered this clone website and now we intend to do something to shut it down. If you’re a victim of Eurivex scam, please share your experience with us.
We shall inform CySEC about this ongoing fraud and hopefully get the regulator to put an end to it. As for your lost money, you have to try to get it back. Our team of experts will gladly assist you with it!
If this broker steals your money, contact us for help. The fastest and easiest way to do so is via Online Chat. Book your free consultation with us today and see how you could get your hard-earned money back!
All In All, Don’t Let the Scammers Get Away for Free!
Is Eurivex a Legit Broker and Should I Invest In It?
The CySEC-approved domains of Eurivex are legit but the one we discussed is not. Call us if you have already deposited funds.
Does Eurivex Offer a Demo Account?
No. The real Eurivex isn’t a trading broker but an investment one.
Does Eurivex Have a Mobile Trading App?
We’re not sure but we guess not. Our fraudster has just one web page.
Are My Funds Safe With Eurivex?
With the real Eurivex, probably. With this clone website, not at all. It’s undeniably a scam.
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