Eurotrade Invest Group: Reliable Bulgarian Broker or Scam?

Eurotrade Invest Group is a broker from Bulgaria, which is ready to offer a partnership for many years. Owners highlight a wide range of assets and ancillary services as advantages for traders. However, there are not so many positive reviews about this company. So it may turn out to be a scam. Let’s analyze the data about it in more detail.

Eurotrade Invest Group General Information

Registration and Client Portal Review

“Experienced guide-reliable brokerage”. That is how Eurotrade Invest Group characterizes its services. And this is not the only advertisement on the site. In general, a lot of space is devoted to advertising content here. However, there is not so much interesting and useful data about the company itself. The official website doesn’t look so original either. Even though the broker says that it is originally from Bulgaria, the content is translated only into English and Polish. That, of course, is quite strange. As for useful information, on the main page, a description of account types and some documents are presented.

To get access to the Eurotrade Invest Group platform, you will need to create an account. To do this, you have to fill out a small form with the following data:

• First name
• Last name
• Country of residence
• Email
• Phone number.

Then you should come up with a strong password. Together with the login, it will serve as an entrance to the WebTrader platform.

The Client Portal is combined with the terminal. It doesn’t have many functions. You will only be able to fund your account, change account details, pass verification, order money withdrawal, or chat with a support employee.

By the way, your personal account will be protected only with a password. Eurotrade Invest Group does not check your contact details at the registration stage and does not verify them. Also, there is no multi-factor authentication.

Eurotrade Invest Group Trading Conditions

According to the founders, the company’s strengths include a large selection of tools and a universal platform. In fact, you will be trading CFDs here. Nothing original.

Account Types Review

To open an account, you need to determine which tariff corresponds to your preferences. Eurotrade Invest Group has several of them. The conditions are slightly different.

The size of the spread depends on the deposit amount. All categories of customers, including VIP account holders, must pay it. Leverage will depend on the asset being traded. You can obtain the maximum 1:200 in trading pairs with currency.

Trading Platform

Eurotrade Invest Group does not have a platform of its own design. The WebTrader it uses is a standard solution for many brokers. It costs quite cheap. Therefore, as a rule, scammers often use it. There is no downloadable version on a PC or smartphone. The broker offers to trade only through the browser. It’s not very convenient, but at least the platform has a few important trading indicators and oscillators.

Eurotrade Invest Group — Deposit and Withdrawal of Funds

The broker allows you to fund your account only with a credit card or cryptocurrency. At the same time, it does not say anything about commissions and the timing of money withdrawals.

Verification

By the way, you can fund your account without verification. However, on the first withdrawal, you will have to confirm your identity. To do this, you can upload copies of your documents to your Client Area. You’ll need a passport or a driver’s license. An ID card is also suitable.

Additionally, you need to upload a utility bill as a confirmation of your place of residence. Eurotrade Invest Group may also require a photo of the credit card and any other documents at its discretion.

Additional Options

Eurotrade Invest Group offers education. However, its value is very doubtful. In the “Academy” section there is a table of trading assets that are used on the site. Besides, the broker offers clients to undergo training in various programs. Teachers give lectures on Skype. VIP and Premium class accounts have free access to the courses. There are also current quotes on the site. However, the quotation provider is not specified. That is where the additional options end.

Is Eurotrade Invest Group a Scam?

The broker is not yet trustworthy. Rather, it looks like a typical scam project. Let’s analyze it in more detail.

Legal Information and License

Eurotrade Invest Group publishes the Bulgarian office address. That suggests to us that the broker is located in Bulgaria. So it must be registered as a legal entity there. However, when checking in the public registry of this country, we did not find the organization Shadlake LTD. It is it who, according to legend, manages the brand Eurotrade Invest Group.

It turns out that the owners of the company are lying about their registration. Besides, according to the document “Terms of Use”, the client enters into an agreement with the service provider Eurotrade Invest Group Limited. This legal entity must be registered in Saint Lucia. At least, the agreement states that all conflict situations should be resolved in this jurisdiction.

However, the search through this registry does not give any results. That means that the broker is not registered in any state and provides services illegally. Also, if Eurotrade Invest Group does not have a real registration, it cannot obtain a license for its activities. The lack of any supervision explains the high leverage and other strange trading conditions.

Eurotradeinvest.com Domain Info

The unpresentable appearance of the site and the lack of reviews until 2022 gave us the idea that Eurotrade Invest Group appeared recently. We found out that the broker’s domain was registered in September 2022. That proves its short-term work. That’s why the company says practically nothing about itself. It has nothing to brag about yet.

Contacts Review

The contact details of Eurotrade Invest Group are generally surprising. The broker publishes the phone number and mail. At the same time, the phone number code generally refers to the state of Cyprus. It seems that there is no word of truth in the company’s contact details. Moreover, it is impossible to get through to this number.

More Details

The management company Shadlake LTD is known online for its involvement in other fraudulent sites. It owns several similar scams, for example, the broker Crystals Capitals.

Firstly, traders left a lot of negative reviews. Secondly, according to the new legend, Shadlake LTD is already registered in the USA. Of course, this has nothing to do with the truth. Clients complain about withdrawal problems, account blocking, and manipulation of the trading platform by this pseudo-broker.

Pros and Cons

2.8 TOTAL SCORE

Eurotrade Invest Group Summary

Eurotrade Invest Group cannot be called a broker. That is a fraudulent website that works without documents. Do not send money to these scammers. They will quickly appropriate them and just disappear. It is better to find a reliable and licensed broker than this rubbish.

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Website information content 4

Client Portal 3

Trading conditions 4

Trading platform 4

Deposit and withdrawal 3

Verification 4

Extra options 3

Licenses and guarantees 1

Work duration 1

Feedback 1

Frequently Asked Questions (FAQ)