Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
Review of the Evotrade kitchen - reviews about withdrawing money from scammers, assessment of the legal component, divorce algorithm
The project appeared in 2010. It called itself the choice of professionals. He was fingering awards issued by incomprehensible and untrustworthy companies.
As proof that you can stretch the beans and make money with a calm heart, the Evotrade scammer showed lists of the most successful traders for the week. According to legend, these people managed to get tens of thousands of dollars in soot. It was impossible to verify this information. The company behind the Eurotrade website is registered in the Seychelles. There is very unpretentious regulation. But even despite this, instead of a brokerage license there is a huge big deal.
|Year of foundation
|Regulation and jurisdiction
City: Providence, Mahé
Address: Gateway 8, Rue de la Perle
Phone: +7 (495) 045-18-49
- Low entry threshold
- No license
- Quote manipulation
- Non-working withdrawal of funds
|Types of accounts
Micro Bronze Silver Gold Platinum Diamond-VIP
USD, EUR, RUB
Wire Transfer, Bank Cards, ЭПС
Up 0,3 pips
Currency pairs, cryptocurrencies, indices, metals, stocks, energies, futures
The old “kitchen” scammed Russians out of money
Customer deception scheme
The divorce algorithm looks like this:
- EvoTrade actively advertises its services on social networks, assigning “personal analysts” to clients who offer dubious transactions;
- the profit displayed in your personal account is fictitious;
- When attempting to withdraw funds, EvoTrade requires a fee and then imposes additional charges such as “tax” or “reserve cell”.
EvoTrade is not a reliable company and is dangerous to deal with. The project operates like an ordinary swindler, or rather a kitchen.
Always remember that there is a forced cancellation of the transaction. Not all victims of deception know about chargeback. Just for consultationc write to us. Managers are ready to explain in detail what is being done and how.
History of formation
EvoTrade presents itself as a brokerage company that started operations in 2014, but we have checked the domain history. The site launched in 2021. The legal entity that owns the EvoTrade brand is registered in an offshore zone in the Seychelles. There are no documents on the company’s website confirming the right to carry out brokerage activities. There is no information about the presence of a license from real and reliable regulatory authorities. In particular, domestic auditors know nothing about the functioning of the project.
EvoTrade claims to provide an optimal range of services for traders, including access to various financial markets (forex, futures, precious metals, energies, cryptocurrencies) and work on the MT5 trading platform. The company promises convenient and effective terms of cooperation, provision of analytical data, training materials and webinars.
At the same time, reviews of EvoTrade on independent forums describe the service as “second-class cuisine”, creating the illusion of reliability. Do not forget about the lack of reliable information about the team and real working conditions.
Terms of cooperation with Evotrade
ProjectEvoTrade offers access to a variety of financial markets, including forex, futures, precious metals, energy and cryptocurrencies. Clients are promised the opportunity to trade with more than 250 trading instruments.
The broker supports the MT5 platform, which can be downloaded to your computer, tablet or smartphone. A mobile application and a web platform are provided for the convenience of customers.
Eurotrade provides six types of trading accounts, although details on leverage and swaps are not provided. A demo account is available with virtual 20 thousand dollars for risk-free trading activities. The terms and format of real accounts are not described in detail. This automatically allows you to change trading conditions without any problems.
The minimum deposit is $250. Payment transactions are carried out through bank and credit cards, as well as through the Skrill e-wallet. There are stated to be no fees for financial transactions, but withdrawals are subject to a 3.5% fee for credit cards and $25/€ for bank transfers. The problem is that user reviews tell a different story. There is a fee for not using a trading account.
The office supports telephone communications and email.Availability of a telephone number with a Russian code, which implies the presence of an office in Russia. But the website does not indicate the office address. The site provides the ability to use a feedback form to contact the company. It is possible to communicate via online chat, although specific details about this method of communication are not specified.
EvoTrade is a brokerage company that offers an optimal range of services for clients. The company, if you believe the fake legend, has been on the market since 2014, which turned out to be fake. EvoTrade offers MT5 trading and access to other markets including futures, precious metals, energies and cryptocurrencies. But, without the relevant documents. For convenience, users can trade on the mobile application and web platform. However, the website states that the legal entity that owns the brand is registered in an offshore zone in the Seychelles, and there are no documents confirming the right to brokerage activities.
Now let’s talk about how users respond to the results of cooperation with the company. In most cases, customers give low ratings or agree with previous comments. If you look at the responses, traders most often refer to the lack of withdrawal of money and problems with the terminal.
Another problem is the lack of proper support. Managers maintain professionalism and reliability only at the stage of registration and account replenishment. After that, the user simply becomes uninteresting and that’s it. Eurotrade employees can even be rude and snappy.
Often all attempts to withdraw money do not produce any results. The application is not considered or the manager simply ignores messages regarding withdrawals.
Please note that the office has complete control over the terminal. The platform, namely the quotes, are drawn by the company’s managers. Of course, this allows you to easily do what is beneficial for the broker. Transactions are completed at the moment when the false broker needs them.
Please also note the date the comments were posted. This is confirmation that the company has been operating since 2021 at the most, but not as from the stated 2014. It is quite possible that we are dealing with serial scammers; as soon as the number of negative comments increases, the management will change the domain or rebrand.
Signs of fraud or verdict
The algorithm includes the following steps:
- creating the illusion of reliability. EvoTrade, described as a “phony firm”, has created the appearance of a reliable broker, including a professional-looking website;
- it is stated that the company has been operating since 2010, but the real start date, according to the author, is April 2021;
- the service is allegedly operated by TechWare Limited, a company registered in the Seychelles, where it is impossible to verify information about the company;
- the user agreement states that EvoTrade may change trading conditions and block accounts without giving reasons;
- all disputes must be resolved in the courts of Vanuatu, which makes legal protection for clients difficult;
- the company refers to the TsROFR certificate, which is not a guarantee of protection for traders;
- promises more than 250 trading instruments and trading on the MetaTrader 5 platform, but important data on leverage and swaps is missing;
- Exclusive training materials are provided that are not actually on the site.
Knowing such nuances and taking into account the reviews about EvoTrade, you should not even contact the company. You will simply waste time and money.
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