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E8Funding review – is it a good choice for beginners in trading or it is a scam platform?
There are many brokers and trading platforms in the network. It should be remarked that the more cryptocurrencies appear, the more trading platforms appear as well. Both new and experienced traders are looking for a reliable trading platform. However, there are a lot of scam platforms, such as E8Funding broker. E8 Funding is an owned company based in Dallas, Texas, USA. It was established in 2021 with the goal of offering traders capital to engage in platform trading. The company has received numerous positive reviews. However, E8Funding has recently faced some challenges as it has been receiving complaints and even allegations of activities. This review prepared to expose the methods used by this cryptocurrency broker to mislead users.
|Year of foundation
|Regulation and jurisdiction
100 Crescent Ct, Unit 700, Dallas, TX 75201, United States
- There is a trust management
- No commissions for withdrawing profit
- There are three types of accounts
- Missing legal documentation
- Ignores customer requests
- Manipulates quotes
- False registration address
- Doesn't withdraw money
|Types of accounts
STP, ECN, ECN Plus, Islamic Account, Demo Account
USD, €, cryptocurrency
Stocks, index, currency, crypto
What do people say about this platform?
E8Funding seems to have a reputation with both negative feedback from users. Some people view it as a quite good website, while others consider it a scam. However, there have been a lot of complaints in the last couple of months. Common themes in all of the negative reviews are poor customer support, account manipulation, an extremely widespread on GOLD, a rigged platform, withdrawal issues, etc. Let’s take a look at some of them from Trustpilot.
In this comment, the user-defined that he has recounted a harrowing encounter with the company, cautioning against entrusting one’s hard-earned money due to the challenging withdrawal process. Depositing funds might be straightforward, but attempting to initiate a withdrawal proved to be a daunting task. The company seemed bereft of valuable offerings, prompting them to report the issue to the trust headquarters, ultimately leading to a successful refund.
Another user remarked on the following problems:
- A challenging process unfolded as he collaborated to navigate a chargeback for his investment.
- He diligently observed his investment for a mere three weeks before his account faced an abrupt closure.
So the customer concluded that it was a scam, characterized by unhelpful customer service and an absence of explanations even to this day.
And the last customer review, experts analyzed, was about the company’s deceptive practices, cautioning others against collaborating with the fraudulent entity. The nefarious scheme involved a manipulative concept called “floating loss,” which functioned as a destructive ploy to drain one’s account. He remarked to never entrust them with your funds.
How E8Funding deceives users
E8Funding utilizes tactics to attract clients taking advantage of the aspirations and dreams of potential investors. Let’s explore their strategies. The marketing team at E8Funding specifically targets individuals who are intrigued by cryptocurrencies, and those who’re new to the field and may struggle to differentiate between legitimate opportunities and fraudulent schemes. To build trust and credibility E8Funding creates feedback from supposedly satisfied customers sharing stories of huge profits and successful ventures.
To create a sense of urgency and fear of missing out E8Funding presents time-limited offers and exclusive deals that seem tempting to resist. This scarcity technique encourages people to make investment decisions without assessing the broker’s reliability.
According to experts and E8Funding review, the company is facing concerns about its legitimacy and safety due to a lack of regulation. Regulation plays a role in maintaining transparency and protecting clients as ensuring widespread standards. Without regulation, there is a risk of potential scams or fraudulent activities from the company side. Experts advice do carefully review and look through the risks involved in trading on a platform. They recommend conducting research and considering reputable alternatives to ensure a secure and trustworthy trading experience.
What does the E8Funding tell about itself
Company’s main focus is to offer an innovative approach to providing funding for Forex and CFD traders. What sets them apart is their dedication to uncovering talent within their community, according to the founders’ words. E8Funding has worked hard to create funding opportunities making it easy for traders to become funded traders who can manage capital remotely across the globe. They have designed a user platform that provides information and uses cutting-edge technology. The company aims to give traders access to top-tier liquidity and strives to become the leading trading firm globally. With their ideas they aspire to provide traders with an unparalleled funding experience.
E8Funding is a dangerous cryptocurrency broker that preys on investors and their aspirations. Driven by greed, the main objective of E8Funding is to deceive its clients leading them to ruin. Although the world of cryptocurrencies holds promise, it is vital to choose transparent platforms to protect your hard-earned investments and pave a more secure financial future.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about E8 Funding are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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