EuroDex Review – Why Did the FCA Warn Against This Exchange?

There are many legitimate exchanges on the market that will keep your cryptocurrencies safe. At the same time, there are plenty of those unregulated ones that will steal every penny and vanish.

One such entity is the subject of today’s EuroDex review. How do we know this is not a genuine exchange? Let’s review the legal details first.

Is EuroDex Legit or a Scam?

First of all, this company is entirely anonymous. If you were to look for legal documents or any information about the founders and headquarters, you wouldn’t find it. This is a clear sign the firm operates without any authorization.

However, we don’t like assuming and keeping our readers without precise information. This is why we checked registers of tier 1 authorities such as FCA, ASIC, BaFin, CNMV, and many more. And guess what? Instead of a license, we found a warning. According to UK authorities, the firm operates on multiple domains, all of which are illegal.

Who Are the Victims of the EuroDex Scam?

Since we found no EuroDex reviews on portals like Trustpilot, we turned to our website analytics tools. As it seems, this scheme is mainly targeting residents of:

• France,
• Italy,
• United States,
• United Kingdom,
• Poland.

The main domain, eurodexvip.com, was registered in April 2024. However, given the several domains, we wouldn’t be surprised to learn that this is an experienced scammer who disappears whenever exposed by the authorities.

EuroDex Trading Features

Since it’s clear that the EuroDex exchange is not genuine, you should avoid it by all means. If, however, you decide to invest, here’s a brief overview of what you can expect.

Trading Platforms

There’s only one trading platform – WebTrader. You need EuroDex login credentials in order to gain access to it. Since it’s a basic platform with imported TradingView charts, we believe you don’t need to risk providing your personal details to this unregulated firm. There’s nothing to see.

Surprisingly, there are no links for the EuroDex app for Android and iOS. While most exchanges offer mobile apps for convenience, this one didn’t bother to develop it.

Available Trading Assets

As a crypto exchange, this firm offers one asset only: cryptocurrencies. You can trade popular coins such as:

Additionally, there are less popular ones, like SNT and ELA. However, the range of available assets is poor compared to some legitimate crypto exchanges.

Leverage, Spreads, and Fees

We’re unsure whether the company offers margin trading or not. Their site is quite cryptic, and it’s impossible to log in to the platform without approval from the employees. Therefore, we cannot confirm the leverage, spreads, and other trading fees. 

EuroDex Support – How to Contact Them

If you have any trouble with your EuroDex account, you can try contacting the support team. The only way to do so is via online chat. 

However, it’s not specified whether the support works around the clock or during certain hours.

EuroDex Deposit and Withdrawal

As it seems, the only deposit method is crypto. You can transfer funds to a USDT, BTC, or ETH wallet. The same stands for withdrawals too.

However, there is no EuroDex withdrawal policy that would clarify the fees, terms, and other information. This indicates that you will have a hard time getting your payout.

Key Information to Consider About EuroDex Exchange

Now, let’s summarize everything we’ve discovered. First and foremost, this exchange is anonymous, and we don’t know who’s behind the operation. Of course, they have no license to provide crypto trading or exchange services, which is why the UK FCA added them to a warning list.

With all this combined, you can be sure that you’ll have issues getting your crypto out of the account. In such a situation, you should notify your local authorities. Additionally, you can contact our crypto recovery specialists for help. We’ll evaluate your case during a free consultation and see what can be done. Don’t wait, let’s begin immediately!

FAQ Section

What isEuroDex?

EuroDex is an unregulated online crypto exchange without legal documents or information about the owners.

Is EuroDex Legit?

EuroDex is an exchange without a license. Additionally, it was banned in the UK for providing unregulated financial services.

Is EuroDex Available in the United States or the UK?

Yes, EuroDex is available in the US and the UK, but it has not been approved by authorities.