EFG Brokering Review

Read our Efg Brokering review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an efgbrokering.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Efg Brokering is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Efg Brokering in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

Efg Brokering Review Conclusions

Making the Efg Brokering review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Efg Brokering review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

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4 COMMENTS

  1. efgbrokering sara’ una societa’ non regolamentata,ma quello che fa piu’ male sono i cosiddetti manager che sono dei truffaldini dai comportamenti arroganti e puerili come angelo durand.Perche queste piattaforme hanno la possibilita di operare nel settore finanziario a tutto campo,senza che le autorita’le possono chiudere?Se potete fare un’azione legale vi autorizzo e vi sostengo.Spero che questa denuncia possa servire a radiare dall’albo angelo durand che di questa societa’ e’ un indegno rappresentante,e agire nei confronti della societa’per farli condannare legalmente,economicamente chiedendo alle autorita’ preposte alla chiusura della piattaforma.

    efgbrokering will be an unregulated company, but what hurts the most are the so-called managers who are scammers with arrogant and childish behaviors like angel durand.Because these platforms have the possibility to operate in the financial sector across the board, without Can the authorities close them? If you can take legal action, I authorize and support you. ‘to have them condemned legally, economically by asking the authorities responsible for closing the platform.

  2. This trading platform is totally scam. All they do is pretending that they are helping you to gain some profits on different trades and using multiple ways to convince you to invest more money with them.
    DO NOT USE THIS COMPANY.

  3. This company is a scam, do not invest any money with them. They say you have made money on your investments but you haven’t. They give you credit and then say you have to balance the credit before you can withdraw any funds. Then they say you have to pay a holding bank £5000 before you can get you money. Total crap, the main main to avoid is Eddie he is the manager and the main scammer. Please do not invest in this company. You will lose everything like me. They made me borrow from friends and family saying I would be able to pay them back double in a couple of weeks. They even made me sell my car and pack my job in to pay them fees. Total scam stay well away. I e took an overdose and was submitted to hospital to have my stomach pumped. Even after I was realeased from hospital they still scammed me out of another £4000. Do not give this company or Eddie any of your money. Please take it from me I have all the recordings of our conversations and all WhatsApp messages to prove they just want your money.

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