EUPROFITS / Euprofits-Finanzportal GmbH

Caution Investors EUPROFITS / Euprofits-Finanzportal GmbH – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Overview:

EUPROFITS is an online trading platform that claims to offer access to various financial markets, such as forex, stocks, commodities, indices, and cryptocurrencies. The website of EUPROFITS states that it is operated by Euprofits-Finanzportal GmbH, a company allegedly based in Brussels, Belgium. However, there are several red flags that suggest that EUPROFITS is not a trustworthy broker and may be involved in fraudulent activities.

Regulation and Compliance:

One of the most important factors to consider when choosing an online broker is whether it is regulated by a reputable authority that can protect your rights and interests as a trader. Unfortunately, EUPROFITS does not have any valid license or authorization from any regulatory body. In fact, the Austrian Financial Market Authority (FMA) has issued a warning against EUPROFITS, stating that it is not authorized to conduct banking transactions in Austria that require a license. This means that EUPROFITS is operating illegally and may be violating the laws of other countries as well.

Customer Reviews:

Another way to assess the credibility of an online broker is to look at the feedback and reviews from its customers. However, EUPROFITS has yet to have any genuine customer reviews on its website or on any independent review site. The only testimonials that are available on its website are likely to be fake and fabricated, as they are very vague and generic, and do not provide any specific details or evidence of the trading experience with EUPROFITS. Moreover, there are no contact details or names of the supposed customers, which makes them even more suspicious.

Products and Services:

EUPROFITS claims to offer a variety of products and services to its clients, such as multiple account types, trading platforms, educational resources, market news, and customer support. However, these claims are not backed up by any proof or verification. For instance, the website of EUPROFITS does not provide any information about trading conditions, such as spreads, commissions, leverage, margin requirements, or execution speed. The website also does not mention the minimum deposit amount or the withdrawal methods and fees. Furthermore, the trading platforms that EUPROFITS claims to offer are not reliable or secure, as they are not regulated or certified by any authority. The educational resources and market news that EUPROFITS provides are also very basic and outdated and do not reflect the current trends or developments in the financial markets.

Location:

EUPROFITS claims to have its registered address in Brussels, Belgium. However, this claim is very dubious and misleading, as there is no evidence or confirmation of this address on any official register or database. Moreover, the website of EUPROFITS does not provide any phone number or physical location of its office or headquarters. The only way to contact EUPROFITS is through an email address ([email protected]), which is very unprofessional and unreliable. It is possible that EUPROFITS is using a fake address to hide its true identity and location, which may be in an offshore jurisdiction or a high-risk country.

Customer Service:

EUPROFITS claims to have a dedicated and professional customer service team that is available 24/7 to assist its clients with any issues or queries. However, this claim is also doubtful and deceptive, as there is no evidence or proof of this service on its website or elsewhere. The only way to reach out to EUPROFITS is through an email address ([email protected]), which is very slow and inefficient. There is no live chat option or phone number that can provide instant and direct communication with EUPROFITS. Moreover, there are many complaints and reports from customers who have tried to contact EUPROFITS but have received no response or solution from them.

Conclusion:

Based on the above analysis, it is clear that EUPROFITS is not a legitimate or trustworthy broker, but rather a scam that should be avoided at all costs. EUPROFITS has no valid license or regulation from any authority, has been warned by the FMA for operating illegally in Austria, has no genuine customer reviews or feedback, has no transparent or fair trading conditions or terms and conditions, has no reliable or secure trading platforms or tools, has no verifiable or credible address or location, and has no responsive or helpful customer service. Therefore, we advise you not to invest your money with EUPROFITS, as you may risk losing it all without any recourse or protection.