Despite their efforts of trying to penetrate the European investing scene, EuroXN remains unregulated. Without any checks from regulators, the risks that come with them are enormous. And this is why we need to inform users of the risks of investing with an unregulated platform. To begin with, the platform is offering leverage of 1:400. But, unfortunately, no regulator would accept it. Learn more in our detailed EUROXN REVIEW.
It’s apparently clear the platform wants to establish itself as a revolutionary investment platform. The only issue with that is they want to do so without complying to set industry regulations. And this is why the platform won’t go far without warning from regulators.
The platform claims to want traders to achieve financial freedom. Bitcoin is one way of attracting potential clients into the fray. In addition, the platform claims to be at the forefront of accelerating the adoption of Crypto.
On their about us page, the platform comes out as a leader in the market. The platform claims to have employees all over the globe. You will notice that there’s not a single mention of anyone involved.
To understand and rip the benefits of investing, you need to use insightful investment options. These include Coin staking, DeFi, and Masternoding. It’s one of the fastest-growing ways of investing in the markets.
EuroXN, on the other hand, does not come clean with its end goal. Despite having an appealing website, there are a few red flags we spot. As an investor, you ought to conduct due diligence before signing up with any platform.
One way of doing so is by checking what others are saying about the platform. Reading reviews helps one learn about a platform without having to invest first. If the platform happens to be a flop, you will have first-hand insights from users.
EuroXN offers four investment plans to choose from. These plans include Junior, Senior, Executive, and Presidential. In addition, most of the accounts come with similar features, such as having an account manager.
Here’s a closer look at each account and what it brings to the table
Junior
It’s the most basic account type that Euro XN offers. You must deposit anywhere between $200 to $500 to start trading. Members get free signal services for a month and one private trading session with an expert.
Senior
The second account on offer, users must deposit $5,000 to a maximum of $50,000 to use the account. But, again, there’s a commission discount of 5 percent with the account supporting multiple accounts.
Executive
For the executive account holder, you must deposit $50,000 to $250,000 to start using the account. After that, you get the option of automated trading with an Islamic account available for it. Members also get a personal account manager. In addition, there’s a commission discount of 10 percent.
Presidential
It’s the executive account, and members must deposit $250,000 and over. In addition, members get daily signal services and a commission discount of 20 percent. Among the most notable features are the tax advisory and credit officer access.
What we take from the accounts is that the platform offers incentives for high deposits. But, unfortunately, with such high leverage, you stand to lose more when you make losing trades.
Each account holder gets a personal account manager who we fail to have their credentials. For all we know, the platform could be hiring call agents to act as personal account managers. The platform does not indicate their skill levels.
Their role in the platform is what makes them a questionable addition to the platform. All they do is call investors and urge them to deposit more funds. The call will start with them claiming to have found a fast way of profiting.
All you have to do is jump in and deposit more funds. However, the agents insist the investment option is only available for selected clients. Those who make the mistake of signing up end up losing more than they bargained for.
There’s an incentive-affiliated program they claim will help members get better at trading. However, we noticed the platform fails to mention their mode of payment. For example, do they pay using commissions, percentages, or rates?
You also are putting your reputation at risk by directing investors to an unregulated platform. If most don’t make any meaningful progress, you are to blame. Only affiliate products and services with potential and safety guarantees.
NVCapital is the company listed as the owner of the platform. There’s no such company under any Company register. We believe the owner is using a false company name. And this is what most offshore platforms do to avoid detection.
It’s an anonymous entity with no names on the entire platform. Making any investment moves with such a platform is a risk. There’s no need to associate with anonymous investment platforms. No one knows what they plan to do with the funds at their disposal.
Users should also be aware of the lack of direct contact with the platform, and Although the platform lists many phone numbers, none went through. We are sure the platform is enlisting the services of a virtual service provider.
Although they claim to have specialists on paper, there’s no professional support. You end up losing more than you bargained for with the platform. It’s likely the platform harvests personal records when using the message dashboard.
The platform offers a custom-made platform that does little to lighten the mood. For example, you don't have any advantages such as advanced trading charts. In addition, users claim the platform is unstable and slow at executing trades.
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To deposit funds with the platform, the entity ensures depository options are available for all. These include Crypto, MasterCard, Visa, and more. As a result, you can deposit funds in as little as five minutes.
Withdrawing funds is the biggest hurdle facing investors of the platform. No one gets to withdraw funds, especially if you are new to the platform. The platform does its best to stall withdrawals using scare tactics.
When you receive a commission, the platform demands that you pay back the commission received. Therefore, no withdrawal transaction will be completed unless the member pays back in full, even if the account has funds to offset the balance and demand a new deposit.
EuroXN is not a regulated platform and does not hold any documents to prove so. A compliant platform will post their license number with matching documents. It’s another reason why you should stay away from offshore platforms.
There’s a risk that comes with unregulated platforms that are not worth taking. Without any oversight, the platform is free to operate with impunity. And this means offering risky trading conditions such as leverage of 1:400.
There’s no safety of funds that comes with a platform that fails to get a valid license. This is because the platform fails to meet the minimum capital requirement to start a trading platform. And this means your funds are not safe.
Euro XN does not offer insurance cover for deposits made by investors.
Here are the main reasons why we don’t recommend using euroxn.com
You now know the risks that come with investing with EuroXN.
Why don't you make the informed decision and sign up with dazzling investment options? It’s a proven and safe way of investing.
Kindly drop a comment or write to us with any queries.
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