Eiro Group was an unregulated / unlicensed Crypto CFD and Forex Broker, that opened on November 18th 2020. Their website no longer works, so they are probably out of business.
Like most people you are wondering what happened to your money. Go read this and see the steps you need to take to find your money.
Eiro Group Broker Review
Our review of the broker called Eiro Group finds, that the trading platform offered to their client investors is made by Airsoft. The Airsoft white label trading platform, is a very simple web-based CFD software. Serious day traders will not have the ability to utilize MT4 (MetaTrader 4) or any mobile trading app. If you take a look at the screenshot shown below, you will see what their web-based trading app looks.
Day Traders and Investors will find hundreds of underlying assets available for CFD trading including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes. The minimum deposit for a new trading account is officially $500.
While you will find hundreds of broker reviews on our website, this broker looks very similar to Blix Group, which the FCA warned investors about in August 2020.
The Scam Trading App
Warning! Before investing with an automated trading system, you should know that 99.9% of people lose money that way!
Many people read what looks like a legitimate article, about someone who made money using a trading app like “Bitcoin Circuit“. However, the only person making money from it, is the one who wrote the article!
For a detailed explanation of how the scam operates, Go read this article. Do your research, and first try making money are licensed broker that give you Trading Central alerts, see here.
Is Eiro Group a Legit Broker?
No, Eiro Group is not a licensed broker or a regulated broker.
The actual owner of this broker is a bit of a mystery. They mentioned in their terms and conditions that the site is governed according to the laws of Saint Vincent and the Grenadines. The phone number listed on their website is in United Kingdom: +441873440108.
Customer service email address is: [email protected]. Official website is at: https://www.Eiro-Group.com/.
The Scam Broker Investigator uses a very simple approach when reviewing broker to ascertain if the CFD broker in question is legitimate or a scam. We check if the broker is licensed and regulated by any of the following government regulators; AFM Netherlands, FCA United Kingdom or Finansinspektionen Sweden. All brokers are required to be licensed and regulated by the governments regulatory agency in their base country.
If you are having a problem making a withdrawal from the broker, you should read this article.
Compare Popular Brokers
You can find popular Forex brokers that are licensed and regulated listed here.
There are many Crypto and Forex CFD brokers to choose from online, therefore, you should first look at some popular licensed brokers.
ForTrade is currently our most popular broker for CFD investors. ForTrade is regulated in Australia, England and Canada. Try a Free Demo on their unique trading platform, signup here.
If you are currently investing at this broker, please share your experience in the comments below.