EasyFoBit does not offer segregation of funds. We also highly suspect there is no trading taking place. Nonetheless, this venture is targeting both expert and rookie investors.
EasyFoBit is a company that may think you are going to make quick money once you come across it. This is the notion that many fraudulent entities create. In most cases, they target novice investors that are easy to manipulate. They lack adequate knowledge about the market.
The platform allegedly offer a safe trading environment to investors. They assure clients that their main objective is to provide fund safety. The firm state it works with top tier 1 banks in Europe. However, the venture does not see the need of disclosing these financial institutions.
We believe this is a bluff. Their sentiment is only meant to sway traders into giving them funds. EasyFoBit is a dangerous Ponzi scheme. There is no segregation oF funds. We also highly suspect there is no trading taking place. Nonetheless, this venture is targeting both expert and rookie investors.
You will never find an expert trader wasting their time with a blatant fraud. The deal of this company seems too good to be true. They are only talking about making users rich. However, there do not bother to disclose their technique.
We suggest that you only deal with transparent forex companies that are the best. These are firms with years of proven trading history. They also take the security of their customers seriously. Try them today!
EasyFoBit has an educational centre for its customers. They do not reveal the content of their learning materials. Hence, we cannot attest whether the information is worth the take. There are several questions that ringer on our minds when it comes to suspicious firms. In the past, we have seen clients complain about low-quality content that they can quickly obtain on the internet.
The venture state it performs thorough research. Clients will receive chart analysis, economic calendar, market news, video analysis every day, and a live market summary daily video analysis. The company is only availing of a web-based platform. There is also a demo account that one can use to familiarise summary dailyIf. The available assets are forex, stocks, indices, and commodities.
EasyFoBit brags it has rigid customer service. Their diversification of assets has helped them to attain popularity in the market. However, we cannot seem to find the trading results of this firm. If you might be tempted to join the broker because of their trading conditions, refrain from doing so and look for a genuine firm.
The live account clients enjoy high leverage on all assets, several tools and technical indicators, dedicated managers supervising their accounts 24/5, and a lower least deposit amount. Additionally, they can execute the trade with one click. The company also sends daily analysis and market news to investors.
On the other hand, the practical account does not require users to deposit funds. There is practice money available, daily analysis, and market news. The information is for marketing purposes, and you should stay away from this broker.
EasyFoBit Trading Conditions
The venture is offering leverage of 1:400. This is way beyond the limit that various regulatory bodies accept. The EURUSD currency pair has a tight spread of 0.5 pips. This means that traders will pay less gaining more funds. However, this should not be the reason you join the company.
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Offshore entities use luring features to trap innocent investors in their websites. As far as we are concerned, this is an offshore platform. You should not waste your funds with them. Investment in the assets that EasyFoBit displays come with numerous risks.
The company has three investment accounts, namely, Classic, Gold, and Premium. Customer support is available in all the accounts 24/7. All the packages have a morning review analysis of the day. Investors can also trade via phone or desktop. The video tutorials are also accessible.
The premium daily results are only available for Gold and Platinum accounts. The latter also comes with premium customer care. We always advocate that all clients should be treated in a manner without favour.
Withdrawal and Deposits
The available payment options displayed are; Skrill, Neteller, Wire Transfers, MasterCard, Visa, MasterCard, and Qiwi Wallet. The minimum amount that one should deposit is $500. This is beyond the average standard market. Unfortunately, we also do not see any advantage that comes with entrusting your hard-earned money with this suspicious firm.
You may be thrilled and accept the bonus of EasyFoBit. However, we suggest that you read their terms and conditions first. Investors must meet unfavourable turnover for them to withdraw their earning. Several regulatory bodies do not accept their licensed companies to have such lucrative.
Customer Support and Contact Details
The only way that traders can contact EasyFoBit is via email or by filling a contact form. The venture is determined to remain discrete at all costs. There is no sufficient information to track down the culprit behind this bogus entity.
There is no office address or information showing the country of origin of this firm. Investors need to be careful with these kinds of ventures. Your emails will go unanswered. Once the scheme serves its purpose and realises no more funds are coming their way, the firm will shut down its system. Not even the authority will be able to help.
Regulation Status of EasyFoBit
The venture does not have a license. They continue to offer their services without minding the regulatory bodies requirement. The venture has not deposited a minimum amount that the watchdog requires of a legit platform.
Investing with a company that has a license offers you peace of mind. The account of users is segregated into a separate account. In the case of insolvency, traders can receive compensation. You also get to know the people that are handling your funds.
EasyFoBit is an offshore broker that does not adhere to any rules. Therefore, they can choose to change their terms and conditions. Additionally, the entity can also decide to hold the deposit of investors you cannot sue them as their location is unknown.
This is an illegal entity run by criminals. Forget about the praises that the venture uses to lure innocent traders into their den. The only result to expect from this entity is losses. The platform will disappear in thin air.
EasyFoBit is an illegitimate investment company. The venture is targeting traders with little to no knowledge of investment. Their trading conditions are also too good to be true. The platform is new in the market. Therefore, there is no history to look at and ascertain the firm is profitable.
Instead of risking your money with a shady venture, we suggest that you settle with legit forex trading brokers. These are transparent entities. Their team and parent companies do their level best to win the trust of traders.