If you are looking to read e-Vinco reviews, you are in the right place. Is the e-Vinco.com platform a reliable broker? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About e-Vinco
e-Vinco otherwise known as e-Vinco.com is an offshore brokerage with a lot of promises for forex traders. The forex company presents it registered address in Belgium. It claims to offer crypto investment services to their clients.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Things You Should Know about e-Vinco.com Regulation
First of, e-Vinco claims its regulator is called Fincertus, with a full website and all. But this is not a legitimate entity but an empty website disguised as a so-called regulator. The truth is that the firm is not in any way connected to the sacred act of regulating broker.
Again, e-Vinco.com openly presents its contact address in Belgium, suggesting that e-Vinco.com is regulated by the Belgium regulator, but there is no such thing. However, the broker does not state to be licensed in Belgium, but only presents an address, and second, by the looks of the broker it can never be accepted in the state that it is in.
More so, the firm states to hold a license from the Financial Certification Service, but there are a couple of such entities, and e-Vinco has not indicated what it is.
The broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
e-Vinco Minimum Deposit for Traders
The broker e-Vinco doesn’t specify its minimum deposit. In comparison, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
According to e-Vinco funding methods, the broker reveals its deposit such as credit cards and debit cards, even though it says that it also accepts other payment systems.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process
e-Vinco withdrawal says nothing on specific information regarding withdrawal fee and processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Different Types of e-Vinco Brokerage Accounts
Unfortunately, there is no information about account types. You will have the freedom to invest as much as you can. After you get that first hard sales call, be careful in handing your money over.
e-Vinco Platform — How Safe Is It?
e-Vinco offers a web based software. The platform comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
e-Vinco leverage is capped 1:200 on forex majors. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
e-Vinco Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
e-Vinco located at e-Vinco.com claims to appear like a genuine trading broker, however, you should not take the words they say. From all indications, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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