The FCA, CNMV, and FSMA have included EuroTrade in their warnings

EuroTrade has received several poor evaluations, and investors who have traded with this broker have filed numerous complaints against it. WikiFX has consequently conducted extensive research on the firm and has classified it as a fraud based on bad reviews, complaints, and other scam characteristics.

EuroTrade has been labeled as an unregulated broker by WikiFX and may be regarded as a forex fraudster since they do not claim to be licensed by a specific financial body. WikiFX attempted to examine their firm information via FCA's official website as the inquiry progressed since they are headquartered in London, UK.

About WikiFX

WikiFX is a forex search engine that offers up-to-date information about forex brokers. It lists over 37,000 brokers, both regulated and unregulated, to ensure that traders discover the best broker to invest with. WikiFX also collaborates with 30 financial regulators.

The data in the WikiFX database is sourced from legitimate regulatory bodies like the FCA, ASIC, and others. Fairness, impartiality, and facts are also emphasized in the released information. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or any other unreasonable expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up-to-date.

EuroTrade customer complaints and reviews

Some of the company's customers expressed their experiences. Investors have stated that the corporation engages in unethical methods, such as withdrawal difficulties and poor customer service, and forces them to incur losses.

EuroTrade, a UK-based unlawful organization, claims to be a trustworthy broker without providing any information regarding its regulation. EuroTradep also claims to have its headquarters in London, UK. All organizations and persons providing advertising, or selling financial services or products in the United Kingdom must be approved by the United Kingdom Financial Conduct Authority, according to British law (UK FCA). However, we discovered no hits in the FCA-regulated brokers' list database. EuroTrade is therefore an unauthorized broker, not permitted to offer financial services in the United Kingdom or any other state.

Financial regulators made public warnings about EuroTrade.

Furthermore, certain global financial regulators have issued warnings.

On the FCA last year, a warning record was equaled with EuroTrade. The watchdog informed the public in the update that the business is not approved by it and is targeting individuals in the United Kingdom.

The Spanish National Securities Market Commission (CNMV) issued a warning on March 7, 2022, that EuroTrade was not permitted to provide investment services and operations.

The Belgian Financial Services and Markets Authority (FSMA) designated EuroTrade as a fraudulent internet trading platform on June 8, 2022.

Based on the evidence shown above, we can infer that EuroTrade is a fraud. If you are unsure how to locate a licensed broker, you may use our website to look for broker information.

What exactly are FCA, CNMV, and FSMA？

FCA (Financial Conduct Authority) is a financial regulatory authority in the United Kingdom that functions independently of the UK government and is funded by financial services sector fees. The Financial Services Act 2012 gained royal assent on December 19, 2012, and went into effect on April 1, 2013. The Act established a new financial services regulatory framework and disbanded the Financial Services Authority. The FCA supervises financial enterprises that provide consumer services and ensures the integrity of the UK's financial markets. It focuses on the regulation of retail and wholesale financial services businesses' behavior.

The CNMV (Comisión Nacional del Mercado de Valores) is the authority in charge of supervising and inspecting the Spanish securities markets and the operations of all individuals participating in them. The Securities Market Law 24/1988 established the CNMV, which marked a comprehensive reform of this section of the Spanish financial system; since then, its regime has been revised to adapt to the growth of financial markets and to adopt new safeguards to protect investors. The CNMV's mission is to maintain the openness of Spanish securities markets, the right creation of prices, and investor protection.

The Belgian Financial Services and Markets Authority (FSMA) is in charge of the regulation and monitoring of the Belgian financial services sector. This website is divided into two primary sections: one for consumers and one for professionals. The consumer area includes broad issues such as savings, investments, and pensions, as well as fraud alerts and a complaint site. The professional area includes information on significant target groups, a business site, and a link to a document collection on financial supervisory rules maintained by the Belgian Audit Oversight College. Other portions of the website feature current financial sector news and warnings.

To learn more, see the EuroTrade dealer page on WikiFX: https://www.wikifx.com/en/dealer/2255448194.html.

To get the news on the move, download the WikiFX App for free from the App Store or Google Play Store.