EU Finance is a forex and contract for difference (CFD) brokerage firm based in the United Kingdom, headquartered in London. It primarily offers CFD trading services for forex, indices, commodities, stocks, and precious metals. The brokerage's official website is https://eufinance.co/, and it supports the English language. According to Whois information, the domain of EU Finance's official website was registered on January 28,2022.
Company Background:
EU Finance's official website claims to be an online brokerage established in the UK, but the brokerage has not disclosed its registered entity information. Based on publicly available online information, EU Finance appears to have suspicions of using registered information from other companies. Additionally, the brokerage's domain registration is relatively recent (registered in 2022), raising caution for investors who should carefully consider its services to protect their financial security.
Regulatory Information:
EU Finance is not regulated by any supervisory authority. This lack of regulation means that in terms of asset security, investor protection, and risk management, it may not offer the same level of security as regulated brokerage firms. Investors should be cautious when considering the services of this brokerage to safeguard their financial assets.
Trading Products:
EU Finance provides various financial instruments for user trading, including:
Forex: It offers opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on price movements between one currency and another. Examples of tradable currency pairs include EUR/USD, GBP/USD, and USD/JPY.
Indices: Index CFDs allow investors to trade based on the performance of market indices without the need to buy or sell actual index component stocks or assets.
Commodities: Commodity CFDs allow investors to profit from price fluctuations in raw materials and resources. Commodities include crude oil, copper, iron ore, among others.
Stocks: Traders can engage in CFD trading of stocks from various companies, such as Apple, Microsoft, Amazon, and other well-known companies. This enables investors to participate in the market without owning the actual stocks.
Precious Metals: EU Finance offers CFDs for precious metals like gold and silver, allowing investors to benefit from price fluctuations without owning the physical assets.
These products provide investors with opportunities to enter various financial markets and manage risk through diverse investment portfolios.
Trading Platform:
EU Finance offers a proprietary trading platform named "EU Finance." However, the brokerage is not regulated by any supervisory authority, which may raise concerns about potential technical risks, security risks, and other issues that investors might encounter when using their proprietary trading platform.
Account Registration:
The EU Finance official website provides a link for account registration, but it does not distinguish between registering a live account or a demo account. The registration process is as follows:
Open the EU Finance official website and click on "Register" in the upper right corner.
Fill in the required information such as name, phone number, email, password, etc., as instructed to complete the account registration.
Account Types:
EU Finance offers three account types:
- MICRO Account (Fixed spreads, maximum leverage of 1:200, minimum trade size of 0.1 lot, minimum deposit of $250)
- STANDARD Account (Fixed spreads, maximum leverage of 1:300, minimum trade size of 0.5 lots, minimum deposit of $5,000)
- PREMIUM Account (Fixed spreads, maximum leverage of 1:400, minimum trade size of 1 lot, minimum deposit of $25,000)
Users can choose different account types based on their trading needs.
Deposits and Withdrawals:
EU Finance's official website does not provide specific information about the deposit and withdrawal methods it offers to customers.
Customer Support:
Investors can contact EU Finance's customer service via phone and email. However, the brokerage does not specify its customer service hours, which may affect the user experience as customer inquiries may not be answered promptly.
Summary:
EU Finance offers users the opportunity to trade a variety of financial products. However, the lack of detailed information about its registered entity, establishment date, corporate directors, and the absence of regulatory oversight raise concerns. Currently, this brokerage is marked as "Not Regulated" on TraderKnows. Users should exercise caution when considering the services provided by this company, ensuring the security of their financial assets and avoiding potential fraud traps.
