EpsilonFx Review: All You Need to Know About EpsilonFX
In the past, significant capital and extensive expertise were required to enter the financial markets. Today, anyone can access these markets and try their luck due to the widespread internet accessibility. That can be done even with limited funds and a piece of basic knowledge.
Whether you have extensive knowledge or are a novice, you can take risks with your investments. It’s important to note that without proper preparation, success chances diminish. Now, the question arises: How does one embark on this journey? There is a simple answer to this question: engage a reliable and reputable broker. Keep reading this EpsilonFX review to see why you should avoid this firm.
|Headquarters||Saint Vincent and the Grenadines|
|Spread||from 0.12 pips|
Regulation and Fund Security of EpsilonFx
It is crucial to determine if EpsilonFX is regulated and licensed before making any investments. The broker claims to be owned by EpsilonFX LLC, but our investigations have found no registered companies under that name in the United States or Saint Vincent and the Grenadines.
Moreover, the website lacks information about financial licenses. Considering that the site launched in January 2023, it is highly unlikely that they obtained a license in such a short period. Investing with a regulated and licensed broker is of utmost importance. Based on our findings, we strongly advise against EpsilonFX. It is wise to avoid them at all costs.
Prior to investing in this company, it is crucial to uncover the truth about its legitimacy. Our investigators have determined that EpsilonFX is a scam, despite its outward appearance. In this EpsilonFX review, we will delve into the reasons behind this classification and emphasize why it is vital to steer clear of this company.
Trading scams typically lack information about the individuals involved. EpsilonFX follows this pattern by providing no insight into its identities. Scammers often hide behind aliases and stolen identities. Additionally, the absence of links to social media profiles on the website makes verifying the platform’s authenticity challenging.
We thoroughly researched reputable regulatory databases for licenses, but unfortunately, our efforts yielded no results. This indicates that EpsilonFX is not licensed by any recognized regulatory entities. The lack of Tier 1 regulation raises a red flag for potential investors.
Trading Platform Available at EpsilonFx
EpsilonFX’s trading platform is web-based, and our attempts to access it were unsuccessful. Generally, such software struggles to compete with the top trading platforms available today. This is often the case with offshore brokers who lack reliable platforms.
It is important to highlight that even if these firms have access to MT5, they should not be trusted. Manipulation of such software is widespread among unscrupulous brokers. Therefore, it is crucial to exercise caution and avoid falling victim to their schemes. It is advisable to invest only in reliable and legit brokers.
Conduct thorough research and read reviews to ensure you choose the right platform for your investments. Diversifying your investments and using multiple brokers can also be a wise strategy to balance any potential losses.
Account Types Offered at EpsilonFX
EpsilonFX includes five account types, each offering some so-called features. They are as follows:
- Bronze – Minimum deposit of $1,000 with spreads starting at 0.12 pips. The Bronze account serves as the entry-level option.
- Silver – Minimum deposit of $5,000 with spreads starting at 0.08 pips.
- Gold – Minimum deposit of $25,000 with spreads starting at 0.01 pips.
- Premium – Minimum deposit of $75,000 with spreads starting at 0.01 pips.
- Diamond – Minimum deposit of $125,000 with spreads starting at 0.001 pips. The Diamond account is the pinnacle tier.
Still, it is crucial to emphasize that you should avoid this company. That is due to a multitude of reports suggesting fraudulent activities associated with the broker. Before selecting a broker, research and look for a regulated and reputable entity. This cautionary measure is non-negotiable when safeguarding your investments.
It is worth highlighting that firms such as EpsilonFX and Fintegral have faced extensive scrutiny within the investment community. That serves as a clear warning to exercise extreme caution. Broker reputation and credibility play an essential role in your investment security.
Deposit and Withdrawal Methods
EpsilonFX requires a minimum deposit of $1,000. Beware that this is significantly higher than what reputable brokers typically ask for. Most brokers set their minimum deposits at around $100 or even as low as $10 for micro-accounts. It is wise to exercise caution when considering such a substantial investment in EpsilonFX. Instead, consider reputable brokers that offer lower deposit requirements.
EpsilonFX accepts credit card and Bitcoin payments. However, it is worth noting that Bitcoin payments carry higher risks. If there are issues with the broker, retrieving funds may prove challenging. When using digital assets for deposits, it is crucial to exercise caution and ensure the recipient’s trustworthiness.
Always double-check the broker’s terms and conditions before investing. Besides, conduct thorough research into their past performance and read customer reviews. Lastly, it is important not to invest more than you can afford to lose.
How Does The Scam Work?
Fraudsters employ many tactics to deceive traders, such as making false promises of lucrative returns and manipulating trading results. One common scam is the “bucket shop” scheme, where deceitful brokers assume opposing positions and manipulate prices for their own benefit. Another scheme to be wary of is the Ponzi scheme. Here, brokers use funds from new investors to pay earlier ones until the scheme collapses.
A third type of fraud involves fake trading software that guarantees effortless profits. Unsuspecting victims deposit their funds into the fraudulent broker’s account, which is then used to operate counterfeit software that fails to execute any trades. The broker keeps the deposited funds for personal gain.
To protect yourself from these fraudulent schemes, it is crucial to research a broker’s reputation before investing. Selecting brokers regulated by reputable authorities is crucial to avoid FX trading scams such as EpsilonFX and Clair Capital. Exercise caution, remain vigilant, and always conduct dynamic due diligence.
All in all, when evaluating EpsilonFX as a potential broker, our primary concerns are regulation and fund security. Despite the company’s claims, our analyses could not verify any registered entities under their stated name. The lack of licenses and their relatively short operating period raise doubts about their legitimacy. Based on our results, we strongly suggest avoiding EpsilonFX.
EpsilonFX presents five different account types, each with its own features and benefits. However, it’s important to mention that EpsilonFX requires a minimum deposit of $1,000. This is significantly higher than what reputable brokers normally ask for. Keep that in mind. If you need assistance finding the perfect broker for your needs, reach out to us for a free consultation. We’re here to help!
Is EpsilonFX Broker regulated?
No, it is not. This broker operates without a license.
How much is the minimum deposit at EpsilonFX?
The amount is much higher than with any other broker. It is $1000.
Does EpsilonFX offer demo accounts?
No, they don't offer demo accounts. Beware of that.