EENmarket is another offshore broker owned by the notorious Bodacious Consulting LLC, already well-known among regulators. Since the firm is unlicensed, we’ve checked how their brand EENmarket operates and what are the main issues clients are experiencing. Read our review and find out.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | eenmarket.group |
| Blacklisted as a Scam by: | N/A |
| Owned by: | Bodacious Consulting LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 250 EUR |
| Cryptocurrencies: | No |
| Types of Assets: | FX, commodities, indices, shares |
| Maximum Leverage: | 1:300 |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
What About EENmarket Regulation?
EENmarket is owned by Bodacious Consulting LLC and is based in Saint Vincent and the Grenadines. Since this offshore island has no financial regulator, we’ve looked into the company’s regulations with the FCA, ASIC, BaFin, and several other Tier1 license providers. As suspected, the EENmarket never obtained a license and provided financial services illegally.
EENmarket Is Not The Only Scam Broker In The Company
The company owner already made it to the blacklist of the Spanish CNMV and the Italian CONSOB, thanks to the other brand they own – UnionsMarket. It looks like this brand scammed many, earning its place as a fraudulent investment service provider.
In addition, we recommend you to read our most current updates on the scam brokers GetPrimeCrypto, GreenlinePro, and BlueRoyalInv. Be cautious while dealing with these brokers.
Traders Reviews About EENmarket
EENmarket investors are not quite thrilled with what they get. While at the beginning everything seems perfect, the issue starts when they ask for a withdrawal. Basically, this firm will go above and beyond to prevent you from getting your money back, up to a point they’ll install AnyDesk or TeamViewer on your device, wipe off your bank account, and disappear.
What Platforms Does EENmarket Offer? – Available Trade Software
EENmarket offers a proprietary WebTrader, allegedly making it easy to access the software without any installation. Furthermore, the company claims to provide live prices, news, historical data, and dozens of technical indicators. While there are certainly some indicators, this WebTrader cannot be compared to MT4 or MT5.
Trading Using a Web Trader
Trading on WebTrader is far less secure than using MetaTrader. When all of your information is processed via the web, there’s always an option of data breach and lags. Furthermore, as it’s a proprietary platform built and owned by the broker, the trading company has access to your trades and funds and can easily manipulate them.
All About EENmarket Accounts
There are 3 EENmarket account types:
Accounts differ in bonuses, spread, leverage, etc.
Does EENmarket Have A Demo Account?
EENmarket doesn’t offer a Demo account, meaning you will have to deposit the money first and then check out the offer.
Countries Where EENmarket Operate
Based on our review, EENmarket mainly operates in:
- Germany
- Slovenia
- Serbia
- UK
- Czech Republic
EENmarket Range of Trading Instruments & Markets
EENmarket offers trading in currency pairs, commodities, indices, and shares. While crypto is the most popular asset at the moment, it looks like the EENmarket broker is not trying to follow the trends and stay competitive. And it’s just a reason more to avoid this fraudulent offshore firm.
About EENmarket Trading Conditions – Spread and Leverage
The company offers a raw spread, starting with 0 pips on the Individual account and leverage from 1:100 to 1:300. If you know that leverage regulators approve is up to 1:50 for the Forex market, you can already understand why EENmarket is considered a risk. Besides, legitimate firms profit from spreads and fees, so if this company charges none, it makes it clear that the goal is not to charge fees and increase the trading volume but to steal every penny you invest.
EENmarket’s Fraudulent Bonus Policy
While EENmarket approves bonuses, it also has very specific requirements to repay the funds. For instance, if you accept any money, you cannot withdraw your profit before having a rollover of the deposit plus the bonus amount 25 times. This means you will need to deposit more and enter the never-ending cycle of repaying bonuses.
However, keep away from scammers such as MEX Atlantic and Tradiso. If possible, tell us about your scam experience.
EENmarket Deposit, Withdrawal Methods, and Fees
Clients can deposit and withdraw funds using:
- Debit/credit cards
- Wire transfer
Allegedly, it takes up to 5 days for the funds to appear after you submit a withdrawal request. However, the broker never specified any fees and commissions you would have to pay, leaving it to its employees to discretionary decide and take from you any money they want.
Scammed by EENmarket Broker? – Let Us Hear Your Story
If you were scammed by EENmarket, let us know. Our chargeback specialists are here to hear you and help you file a dispute.
But What Is A Chargeback?
This is a way for your bank to recover the funds directly from the merchant. Contact us via online chat to book a free consultation, and let’s get your money back before the broker vanishes.