Euzentrum was established in 2023 as a forex broker, providing investors with trading services for financial derivatives including forex, stocks, indices, and cryptocurrencies. The scope of this broker's business is limited and does not offer services to Afghanistan, Russia, Laos, Pakistan, Panama, Sudan, Ukraine, China, and other regions.
Company Background:
Euzentrum is a newly established Japanese forex broker, registered in the Comoros. Its registration number is HY00623400, with a registered address at Bonovo Road, Fomboni, Island of Mohéli, Comoros Union. The official website domain of Euzentrum was registered on October 5, 2023, which means it has been less than a year since its registration.
Regulatory License:
Euzentrum Ltd claims to be regulated by the Mwali International Services Authority (MISA) of the Comoros Islands, with a license number T2023292. However, there is no forex control in the Comoros Islands, allowing forex brokers unrestricted access to international financial markets and the freedom of capital transfer without cumbersome regulation. Despite Euzentrum Ltd's claims of regulation, the effectiveness of the Comoros Islands' regulatory bodies in the forex market is under scrutiny. Forex startups often opt to obtain forex licenses from regulatory bodies on the islands of Mohéli and Anjouan. Therefore, investors should carefully consider choosing this broker.
Trading Products:
As a forex broker, Euzentrum offers a variety of trading products, spanning forex, stocks, indices, and cryptocurrencies. For forex trading, Euzentrum offers spreads starting from as low as 0.1 pips, with a maximum leverage of 1:300. Additionally, trading in indices is also a feature of Euzentrum, with spreads similarly starting from 0.1 pips, and the same maximum leverage of 1:300.
Besides traditional financial products, Euzentrum also offers cryptocurrency trading services. In the cryptocurrency sector, Euzentrum's maximum leverage is 1:20, which helps ensure traders can control risk. Meanwhile, with only a 5% margin requirement, the barrier to enter cryptocurrency trading is relatively low. This provides an option for clients who wish to participate in the cryptocurrency market without taking on excessive risk.
Account Types:
Euzentrum offers clients three types of trading accounts, namely FIXED, CLASSIC, and RAW accounts.
FIXED Account
The FIXED account uses a fixed spread model, with starting spreads of 1.5 PIPS, and does not charge any commissions. This account type is suitable for investors who wish to more accurately estimate costs during trading, allowing for better trading strategy planning.
CLASSIC Account
The CLASSIC account adopts a floating spread model, with starting spreads of 1.2 PIPS, also without commission. This account type suits traders who are more flexible, able to adapt to market fluctuations, and wish to enjoy competitive trading conditions under various market circumstances.
RAW Account
The RAW account uses an original spread model, with starting spreads of 0.1 PIPS, but each round of trades incurs an additional $4 commission. This account type is suitable for professional traders who are seeking lower spreads and faster execution speeds, willing to pay extra commissions for better trading conditions.
Trading Software:
Euzentrum does not provide commonly used MT4 or MT5 trading software, nor has it provided detailed information about its trading software. This prevents investors from understanding the characteristics and functions of the trading platform they use.
How to Open an Account?
Euzentrum supports the opening of real accounts, allowing investors to trade in a real market environment, but does not offer the option of demo accounts. To open a real account with Euzentrum, investors need to visit the company's official website, find and click the "Open Live Account" button, fill in the related registration form, and provide personal information and identity verification documents. Although Euzentrum supports the opening of real accounts, due to technical issues or other reasons, investors are currently unable to complete the account opening process on the Euzentrum official website.
Conclusion:
Euzentrum is a newly established Japanese broker, offering trading services for financial derivatives such as forex, stocks, indices, and cryptocurrencies. Euzentrum does not provide trading software, its maximum leverage ratio is 1:300, but the minimum deposit amount has not been disclosed. Moreover, Euzentrum is not a broker under effective regulation, so investors should consider carefully before trading on this platform. Currently, Euzentrum is marked as "suspected of fraud" on Traderknows.
