Euro Daily Robot is a brand new unlicensed broker that opened in October 2022. Again, this broker is no different than other CFD brokers that we have reviewed. The reason is because they are using the same white label software.
You are not the first person to have a problem with the brokers at Euro Daily Robot. We have received quite a few complaints from other investors, read this.
Euro Daily Robot Broker Review
New Day Traders and Investors at Euro Daily Robot are offered a basic web-based trading platform. The trading platform is a very important aspect of an online broker.
Your problem is that you signed up for a fake trading software, and you think that this software will automatically turn your $1000 into millions. Read more below about Crypto Trading Scams.
Back to the trading app, it is a very basic / no frills, non user friendly, trading app. And since you are a newbie trader, it is still lacking many important features. Although they are using the popular Trading View charts, they are not an integrated broker at Trading View.
If you have dreams of becoming a professional funded day trader, you will not find the industry standard Meta Trader 5 (MT5) trading app. All investors today are using a decent mobile trading app, but this broker doesn’t offer one.
Like all brokers, they offer a nice variety of underlying assets for CFD trading including; Forex Major, Forex Minor, Crypto Currency, Gold, Silver, Oil, Natural Gas, Market Indices, and Shares. Margin rates on $BTCUSD are 10:1 and the spread is $100. Since you signed up to Euro Daily Robot from the Ethereum Code scam, the minimum required deposit is $250.
This broker uses a few different payment processors to deposit with Crypto or Credit Cards. When depositing money at a broker that uses crypto payment processors, you lose your credit card fraud protection.
Crypto Trading App Scams
Just like you and everyone else read this broker review, we found these guys when we registered for the Ethereum Code trading app that someone had emailed us.
You should really take a few minutes to learn about automated trading apps, see here.
Is Euro Daily Robot a Legit Broker?
No, Euro Daily Robot is not a licensed or regulated broker, and they are not supervised by any government agency. Although we registered via an IP address in London, they are not regulated by the FCA, which is the UK government brokers regulator.
Who owns this broker, and where are they located? That remains a mystery. The only information they have on their website, is that their Terms & Conditions page says they follow the laws of Estonia. The contact phone number is not even available. The official website is located at: https://www.eurodailyrobot.com/.
The way that the Scam Broker Investigator reviews a new Forex or Crypto CFD broker to see if they are a scam broker or a legitimate broker, is by checking for a license from a government financial regulator. When investors use a local broker, that is licensed and regulated in your country, it usually ensures you will not have problems withdrawing your profits.
Compare Regulated Brokers
New investors who are looking for a regulated broker have plenty of brokers to choose from.
Pepperstone is a popular international Forex & Crypto CFD broker, offering the tightest spreads on many assets. You will find that they are a favorite among experienced traders who use the MT5, cTrader or Trading View platforms, see here.
Register here for a Free Demo Account.
Fusion offers you a full list of assets for trading including; US Shares, Oil, Gold, Crypto and Forex, see here.
If you are already investing with the Euro Daily Robot, please share your experience using this broker with other readers in the comments section below.