Eur-Forex.com Review

Hi, I opened an account with them and never got quite happy.
At the beginning they answered on e-mails saying the trader has been replaced after a loosing streak. It got better then until I saw losses day by day. Nowadays they don't reply on mails, they even shut down the mail domain. Calling the phone number on listed on their homepage end up at a call center or receptionist who can't neither put you through nor provide you with any other personal mail address. It's just a loos of time - adding up to the loss of money.
Finally, not recommendable at all!

Hello,
I wish to make a feedback to make rating for EUR-forex managed account.
This is super management company for me.
I hold in Hotforex as I get small bonus, and had FXCC before that.
I agree the mark up that why I was moved. I not really care if they continue with trading like past.
I wish a great luck to them for the next months.

Marc.

Hello,
This is Petr From EUR-FOREX.
Yes, we have additional spread mark up FXCC. This is fully disclose on website on sign up page. This is not a hidden fact. This charge also to cover FXCC as it is a non-commission account. [If you open standard account in FXCC you will be paying 1pip RT commission as they are ECN model]

If you do not wish to pay any mark up, there is no mark-up in our other offered brokers, FXCM and HOTFOREX, so client has a choice in this regard.
Overall spreads are comparable in all 3 brokers we offer. We have LIVE account links in our site, you can see the real account history from there.

Thank You and Wishing you Prosperous 2012.
Petr.
Client Service.

This review also based on my experience as a client of Eur Forex from the start of November 2011. I I agree totally wihtm the points made in regard to spreads. Eur Forex act as an introducer to the brokers (FXCC etc) and for this they get a cut of the pips per lot tradded (0.2 I think) plus they are free to mark up the spreads as they like - so win or lose they make money per trade and they trade a lot, some weeks 40+ trades. Some trades I have been in have been 6 pips off their stated level on the demo account (using a demo account as their refreence account is also bad form IMHO)

They also do not disclose this as the other reviewer says.

In November they have a 4.45% profit on the account, my account was 5% down. So far this month they are just about on 0% but I'm down 5%.

Not saying don't go there, they have done pretty well until November and conditions have been very hard but don't think you'll get the %s quoted.

Good morning,
I am happy client of eurforex since July 2011. I am using FXCC broker and performance is good for forex.
I am happy to make my testiment to the peace army.

I recommend them to my friends and family. I see my money is safe in broker too.

Bye

My review is based on my own experience with this company.
I have opened and funded account with FXCC as suggested. Very quickly I have found out about the fact that FXCC will add +1.5pip (eurusd) mark-up on the top of broker's own commission mark-up of +1pip (eurusd) to every tade in my account.
So before your account will begin to trade you have to be aware that +2.5pip spread + real 'raw' spread already charged to all your profits and then you will pay 30% management fees for what is remains in your account. Now if you look on their benchmark test they advertise in alpari-demo account ....it only shows 8.1 pip expected payoff so real performance fee would be calculated as follows [1.5+ (8.1-1.5)*0.3]/8.1 = 42.9%. Taking into account that real account will always show worst then real performance by let say 10% (estimate) so it would be easy to conclude that any potential investor would have to pay a price close or more then 50% of his/her profits for 100% of risk associated with investment into account managed by eur-forex.com managers. Bad part is that thisspread mark-up is not disclosed to naive investor by eur-forex.com managers and can be potentially harmful.... so as always INVESTOR BEWARE!!