Unbiased Forex Broker Experts

EuropeFX.com Review Visit site

Updated: Sep 13, 2019
2.799 · 13 REVIEWS
Is this your company?
EuropeFX.com is part of MAXIFLEX LTD group. Known members of this group include Dualix.com.

Other websites related to EuropeFX include europefx.com.au

About EuropeFX.com

EuropeFX is a forex broker. Europe FX offers the MT4 and Mobile forex trading top platform. EuropeFX.com offers over 65 forex currency pairs, indices, cfds, shares, bitcoin and other cryptocurrenices for your personal investment and trading options.


Live discussion

Join live discussion of EuropeFX.com on our forum

Go to forums


Your company video here? Contact ad sales

2.799 · 13 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Consumer Reviews

Nicosia, Cyprus,
Sep 11, 2019,
Registered user

Nice and interesting experience

Length of use: 3-6 Months

I tried trading a few years ago, got confused and left it all behind, but I recently came across EuropeFX and had the urge to try again.
Registration was very easy and the approval process was very welcoming and fast. The trading experience is far better than anything I have seen so far. It's very responsive and terms are really fair.
They provide a lot of support channels and great service. Without bothering me too much, they make me feel I am not alone and will always get the help I need.
This all new experience is very interesting for me, although I still trade carefully to gain some more knowledge.
Hope to update with good news soon.
London, United Kingdom,
Sep 9, 2019,
Registered user


Length of use: over 1 Year

I am now going to sue Europefx/Maxiflex, Ben Givon about the conflicts of interest that exist between all the companies involved with my investments, including 10 Markets. This company last week sent solicitors letters to me regarding the work relationship between Big Option scammer Lee Elbaz and Roy Almagor. Roy Almagor is the supposed front person of Maxiflex which is like the bank for Europefx , they are all in the same building so integrity looks compromised. . Then the endless conflict of interest that exists behind everything hidden away shows Ben Givon's name. He has money to pay for Football teams, Rugby teams, etc yet not enough money to sort out my very sordid case. Shame on all of them. I will be going to court. I was warned that everything is corrupt in Cyprus and with CYSEC apparently take bribes. I will check that out too. Altogether not a good place to put your money. The press have picked it up so hopefully people like this company can stop causing havoc with clients finances. I will print all their correspondence to me. Mr Lem admitted that Ben Givon works at Europe fx. I have all recordings of conversations, Gideon Shuman even stole my bitcoin money, changed their names and ages. DO NOT TRUST.

Aug 19, 2019 - 1 Star Mr Lem is threatening to sue me on behalf of Roy Almagor the “owner” of the license holder of EuropeFx - Maxiflex - for expressing my right to freedom of speech - saying that we are “blackmailing” him - when we are simply telling the truth.
In our last conversation with Mr Lem - we inquired about Ben Givon. Ben Givon is not actively involved by name in any company that operates the EuropeFx/Maxiflex operating structure. EuropeFx - at the time - was operated by Batchimo Limited - owned and operated by Yarel Keha. Maxiflex is owned and operated by Roy Almagor.
So the pertinent question to ask is why did Mr Lem state that Ben Givon was the owner of this structure & then refused to say exactly what company he owned and why. Givon operates Antelope Systems Limited - a CRM provider for EuropeFx. CRM is a service provided to a company. It does not mean you own the company you provide a service to. However, Mr Lem stated that Ben Givon was the “owner” when asked who Ben Givon was and what he did. Why does this matter?
It matters because the EuropeFx/Maxiflex structure is designed to dazzle potential “clients” into believing that EuropeFx is an impartial broker that makes money solely on commission. Implying that EuropeFx make money when you do well. This is a false premise. If Givon is the owner as Mr Lem described - then the swap charges and the equity of the client are all collected in the same place - not partitioned as advertised - i.e commission to EuropeFx and Swaps to Maxiflex. This means EuropeFx is not impartial - since there is more money to be gained on swap charges than commission. Since you can change the swap charges by changing the terms and conditions if you are the license holder of this structure. Maxiflex is the license holder. Meaning it is in the interest of the owner of EuropeFx/Maxiflex for the client to lose because they will make more money by changing the terms and conditions aka “Swap Charges” than a set commission rate. The “swap charges” make it look like the client has lost because of their own poor trading decisions instead of a pre-determined calculated decision taken by the EuropeFx/Maxiflex ownership structure to sabotage a clients trading positions in order to take their trading balance.
There is no distinction between EuropeFx and Maxiflex - they are simply storefronts for the same scheme. In my case, they advised me to put as much of my money into this structure by promising large profits. They then changed my terms of conditions without informing me - which is illegal. Terms and conditions include swap charges. The swap charges on the positions that were given to me by Yarel Keha - AKA “Gabriel” - were the swap charges that ultimately destroyed my trading balance. EuropeFx then removed all liability from this - by stating they do not receive any of the swap charges. But they do - since Ben Givon owns this structure. Why would a high level employee - such as a client relations manager - someone who deals with legal disputes - disclose the owner and lie about it. Every person on earth who works for somebody - knows - who they are working for. They know who their boss is. So there it is. Ben Givon is the real owner behind this structure. His other company BAFF Affiliate is also registered to the same Cyprus office address as EuropeFx. He then hid his “Whois” address for BAFF Affiliate to prevent us from finding out this information. We have this evidence. Likewise he was formerly the director for the operating agent of the German tied agent SF Financial Services. CC markets also provides “CRM services”. We also have evidence for this.
Please also note that they used fake names to hide their identities.

Aug 12, 2019 - 1 Star On April 18th this year I was certain I was scammed. I had deposited over a million euros with EuropeFX and Maxiflex in 2017n because I trusted this company to do their best for me on a visit to Cyprus. The office looked real, new and they backed a football club. Very disappointing.with Fake names and fake ages, fake charm. Bad trades and endless companies all joined together and disappear in mid air. First I did well and then they make sure you are comfortable they demand more cash. The money disappears on their platform quickly. You trust them because they are charming but nothing is real. Swap charges change and terms of agreement change with no notification. They give you horrendous advice. They then sell the debt, it was a nightmare. They took the same amount from a friend of mine too. He had a different experience but still as disagreeable. . I am a 59 year old woman . Yarel Kehas is called Gabriel number one bad news, Danny Morgan/Gideon Shumon number 2, Roy Almagor attached to Lee Elbaz a binary trader now in custody in America for big option scam. I also had my bit coin money stolen by Gideon Shumon/Danny Morgan which he says he will pay me back. I spoke to him 20 times a day. Plenty of evidence and they promise they will resolve it yet they offer me insulting amounts like $36,000. They made me sign a document which they claim to be a disclaimer. Their platform is not live.They put you onto another man who is overtly charming yet never contacts you.. My advice would be do not do it.

Aug 6, 2019 - 1 Star EuropeFX conned me out of my money by giving me terrible trades from Yarel Kehas known as Gabriel.
Danny Morgan was really Gideon Shuman stole further money from my Bitcoin account. I trusted him.
I went to visit them in Cyprus but have since discovered that they are not honest.
The case is with my lawyers.
The swap charges changed without me knowing it.
Terms of Agreement changed.
Bad trading advice
Roy Almagor has some sort of relationship with Lee Elbaz who is up for fraud/ binary options in USA.
They are attached to Browns Hotels in Israel and Nir Weitzman who is brother in law to Yarel Kehas aka Gabriel. . They are all Israelis and quite young.
Danny Morgan/Gideon Schuman however it is spelt, was only 28 yet he told me he was 38 and so on. I thought they were trustworthy but they are not.
They took all my money.

Jul 18, 2019 - 1 Star RED ALERT CAUTION

This company is totally unethical the first year I did well, making me feel I could trust them and then I was given terrible trades which is against the law by people whose names changed and who did not use their correct identities. Why would any operator use false identities? The swaps and commissions regularly changed without letting their customer know. They sell your debt without informing you.. I had built up a relationship with them but in the end they were totally untrustworthy and I am seeking help with solicitors to return my funds. They have links to big businesses in Israel and in a hotel group and the tentacles run to Australia and Germany. They are attached to people whose reputations are much to be desired and they have owned other FX companies eg 10 markets . Do not trust their charm or good looks, if in doubt stay out..

More. Community discussion of this issue >>

London SW1, United Kingdom,
Aug 7, 2019,
Registered user

Open honest communication and negotiation lead to problem solved

Service use: Live

Length of use: over 1 Year

In precis I had a relatively short trading experience with Europe FX lasting for six months from April -September 2018.

My earlier posts will testify to the troubles and trauma experienced at that time. Suffice to say it has taken ten months to come to a satisfactory arrangement but this would not have been achieved without the intervention of Mr Erez Lem of Europe FX.

Mr Lem is the senior officer in charge for internal dispute resolution on behalf of any client who feels they have a grievance and he will investigate and analyse each clients historical trading processes to determine and hopefully bring about a solution.

I would strongly recommend that if anyone else has an issue with Europe FX which needs resolving then they firstly use the internal dispute resolution division of the company (support@europefx.com) , which investigates client claims and in many cases lengthy delays as in my own case could be prevented and both parties could be relatively quickly satisfied and an agreement reached.

Losing capital in this risky Forex industry is never an easy scenario to adjust to , and therefore many clients act emotionally and want to first share their experiences on line and defame companies good earned reputation.To those that consider to act that way I would advise firstly to try and hold their feelings and fistly give a chance to the company which is regulated and committed to impartial internal investigation .

As with many large organisations such as Europe FX they are only as good as the personnel employed and in this case and through my own direct experience I was able to substantiate to Mr Lem, who attentively acted as the honest representative of Europe FX. This has seen proactive changes brought about in their operating procedures which hopefully will ensure that going forward cases such as mine do not occur in the future . For Mr Lem and his calm handling of my case I am now able to award Europe FX five stars

Jul 23, 2019 - No Rating After considerable negotiation I have now resolved my position with Europe FX as posted on 24 March 2019. The matter should not have taken as long as it did to resolve our differences but the saying "better late than never "certainly does apply here.
Indeed I would have removed my earlier post but there seems nowhere on this platform of Forex Peace Army to do so, and despite emailing and sending a hard copy letter to the FPA's registered office in USA I have received no response or reply which is disappointing . We live and learn and I will certainly not do any more on line trading in my own life time and that is a certainty .

FPA Review Moderation Team Note:  James,

We've checked and can find NO emails from your address.  A letter arrived significantly after you left this review.  Bill was about to email a response when your new review came in on August 7th.  Since you've now left yet another followup, he'll wait for you to initiate any new contact with the FPA.

If you had clicked the Contact Us link on the bottom of any page in the FPA's forums or reviews, you would have only been 2 or 3 mouseclicks away from finding this...


As explained there, reviews cannot be removed except under the most extreme circumstances.  Instead, all you had to do at any time is what you have done now.  Just submit a new review explaining how the situation has changed.  As you can see, your old review has been nested beneath the new one.  You already updated your review several times, so we are very surprised you didn't figure this out sooner.

If you had still had any questions, that FAQ page contains a contact form.  You would have received an email reply within a few business days.

Mar 24, 2019 - 1 Star EuropeFX Scammed me and caused me to lose almost £1 million Pounds Sterling.
Now after 4 months of delays and deception,they send me an offer of £ 310,000
and expect me to accept?

They will lie to you, rob you , and then expect you to accept an apology and 30%
of your money back….

I will not rest until all or most of my money is returned.

Before you decide to invest with EUROPEFX ask yourself this question Why would they offer £1 ,far less £310,000 in compensation if they were not guilty/or at fault ?

See their latest offer below,

This Deed is made on the 20th of March 2019 between Mr. James Wright of 102 Eaton Terrace London
GB (‘Client’); and EuropeFX operated by MAXIFLEX LTD (the “Company”; together hereinafter the
(A) A dispute arose between the parties, which revolves around the service given to the Client (the
(B) MAXIFLEX LTD is registered as a Cyprus Investment Firm (CIF) with the registration number
HE327484 and which is regulated by the Cyprus Securities and Exchange Commission with
licence number 258/14.
(C) The Client is the owner of a trading account # 10565475 with the Company (the “Account”).
(D) The Parties agreed by mutual consent to resolve the dispute, on condition that the Company shall
credit the Client’s Account with a sum of GBP 310,000 (Three Hundred and Ten Thousand
British Pounds).
(E) The Parties wish to swiftly finalise the Dispute without prejudice to either party.

Mar 22, 2019 - No Rating Late last year I lost 1 Million GBP with EuropeFX in under a month through fraudulent brokers with silver tongues who enticed me to invest such a large sum. I have subsequently found out that I was their biggest client at that time and no sooner was the money invested the entire trading patterns and personnel changed to quickly empty my account.
Before agreeing to invest this sum in Sept 2018 they offered me VIP trades and services from their most senior brokers and also alluded to inform me that I could double this sum by Christmas by them directly advising me on each trade with inside knowledge.
However their intent was the opposite and the goal became evident when large trades placed culminated in my losing all my money, bar £58k sterling. !
I then immediately contacted EuropeFX and Maxiflex demanding they give me my money back for on investigation I found out, after seeking legal counsel, that Europe FX had contravened all regulation instructions and requirements per the terms of their trading licence.,
My lawyers are now involved and I have lodged an official complaint to CySec .the regulatory body in Cyprus who are the body that issued Maxiflex, the parent company of Europe FX .This complaints has been submitted.
All of my claims and examples of malpractice and foul play are well documented and recorded, and have also been submitted to the CySec.
Subsequently a former employee of EuropeFX, who was one of my account managers up until I deposited into Maxiflex’s bank account circa £850k to make the trading balance up to £1.3m resigned from EuropeFX in disgust at seeing these practices. As soon as the large sums were deposited that contact was informed not to talk further to me and instead I was handed over to two more senior brokers, as alleged who then promptly set about to defraud me. That ex employee has been in touch explaining how their Ponzie scam works and apologizing for the deliberate and total losses EuropeFX led me to sustain.
The purpose of this post is to WARN and ADVISE anyone contemplating opening an account with EUROPEFX/MAXIFLEX to think twice.
The trading platform by which they operate is not a LIVE exchange so any loses you may sustain end up directly into Maxiflex’s bank account .This feature is not made known to clients and only ion investigation was this uncovered . Therefore any losses a client makes is thus Maxiflex’s gain unlike buying stocks and shares directly traded over a live exchange.

Dec 29, 2018 - 1 Star Over the past 6 months I invested more than 1Million GBP with EuropeFX,

Most of my money was lost, within a month of my joining their VIP club. Membership of this club required an investment of £1m

This all happened due to direct, and very BAD trading advice from their staff and account managers, David King,Tom Benita, Gabriel Keha , and a trader named Strahinja all from their Cyprus office.

Once I had made the largest part of my investment with them, and became a “VIP” I was instructed to buy and sell at losses,or low returns . All this time , they were making huge commissions and service SWAP charges accruing to £330,000 in this period with 90% of this figure being made in the last month , All with extremely high leverages that I did not even understand at the time.

Their account managers used remote screen sharing and Skype Messaging as a means of communicating with me and to show me directly what trades to open and close promising recovery trades and “special opportunities” that never came to be.

Within exactly a month of joining the VIP club ,my balance went from 1.3 million sterling to 52k !!

I have so far received only part of the recordings of these calls, after a month
of making constant demands to EuropeFX to release them to me.
From the recordings I have received, I have several transcripts of this mode of operation by the EuropeFX Staff.

Addendum and For your Attention:
Since this has happened, I have been receiving numerous calls and emails from companies and people soliciting and harassing me who obviously received my details through EuropeFX or possibly members of their staff.

Has anyone here had a similar experience with EuropeFX ?

If so what are your Suggestions please ?

Reply by EuropeFx submitted Jun 5, 2019

Dear James,

We are sorry to hear your experience with EuropeFX is not meeting your expectations.

In EuropeFX , we pride ourselves of the high level of service and commitment to your investment and to you.

We invite you to contact our dedicated Clients Relation team and request the opening of an internal audit regarding your claims.

Rest assured that as a regulated platform we take your allegations very seriously.

It is though important to remind the readers of this post that all trades are being placed by the trader himself, and sometime the outcome of the trades are not meeting the expectations by not reaching the originally "expected outcome".

EuropeFX is providing accurate feeds and rates and is at no point guaranteeing profit, as our Risk disclaimer prior depositing are clearly stating, therefore was the client to have lost some funds in trades, it doesn't reflect on the impeccable service EuropeFx is providing.

The life of a trader is composed of wins and losses, while the wins are of course the ultimate hoped for outcome. Although only the losses are being mentioned, the client also experiences some non-negligible winning trades, and it is important to state this fact as well.

Again, we will be happy to investigate this case and address your concerns.

Please contact our support through the available channels; Chat, email or simply through a phone call and we will continue providing you with our professional services.


London, United Kingdom,
Jul 22, 2019,
Registered user

Update.... Resolved

Service use: Live

Length of use: over 1 Year

EuropeFX have invested quite some time working on a solution to our previous issue. They have offered training, guidance and a fresh practice account to regain confidence, and eventually work with me to build a healthy live account.
I feel they have acted responsibly in working to a resolve, hence this review and rating.

Apr 18, 2019 - 1 Star I Started with a balance of £ 200 as I was a complete novice in trading, I found interesting small currency trading and I was trying to learn as much as I could and wanted to take it slowly. Soon after I'd deposited my first cash sum, my account was handed over to a senior account manager.
I was encouraged to screen share so they could ultimately show me much larger golden opportunities that do not lose! They barraged me with hard sales tactics to entice me into depositing further funds. "Invest in NASDAQ, it just climbs, you can not lose !! It seemed good to be true but these other accounts I was looking hopeful.
The manager proceeded to inform me of the opportunities available with much bigger balances.
conversations continued on a daily basis with my account manager, telling me how much I could earn and I would earn better interest than leaving it to bank account.
Against my instincts, I was convinced to invest £ 17k, then I was told to top it up if my margin fell below 100%, I eventually "invested" £ 20k, my life's savings.
Every time I contacted my account manager, I kept being transferred over to a 'VIP manager' (simply retention managers aiming for further funds) who consistently pressured me to invest more
I was Transferred over to an 'Education analyst' (Staff with a sole purpose of making trade clients, regardless of how the market is suited que at present time)
Misinformed Regarding opportunities and again pressured into investing further funds
Screen share tactics used to draw on screen and encourage you to open positions rather than telling you about the phone all conversations are being recorded.
Lack of support eleven funds have been deposited
Broker clearly uses very high commissions & swaps to ensure they only attract novices who will not understand these charges.
Futures Contracts Expire rather than roll over like all STP / ECN brokers. (I learned this 3 days before the expiration date, which cost me 6k)
Use of MaxiFlex as a liquidity provider rather than corporate banks, CLEAR conflict of interest.
Very reluctant to allow withdrawals and will come up with every excuse under the sun to prevent you from withdrawing. If EuropeFX is a genuine broker they would simply be making money from commissions and would not be interested in blocking withdrawals.
Obviously, most of the brokers are licensed under Cysec and lack any other entity as a regulator ASIC & FCA, etc ...
Boiler room tactics

I lost my life's savings and any chance of saving for my family's future.

I will not rest until my money is returned and EuropeFX are under investigation !!

Reply by EuropeFx submitted May 27, 2019 Dear Gordon,

We are sorry to hear your experience with EuropeFX is not meeting your expectations.

In EuropeFX , we pride ourselves of the high level of service and commitment to your investment and to you.

We have been informed which our dedicated Client Relations team were already in contact with you and they are doing their best to review your dissatisfaction with us,

Therefore we would kindly appreciate your patient.


london, United Kingdom,
Jun 25, 2019,
Registered user

Withdrawal fee: £40

Service use: Live

Length of use: 0-3 Months

Please edit my review left on Jun 19, 2019. Update My Review

So in short i missed withdrawal 0 fee.

I would like to remove bad review to EuropeFX.com made by me on Jun 19, 2019. I made a false information about their withdrawal fee. I did not realised about that VISA or Mastercard is free for withdrawal.


Jun 19, 2019 - 1 Star just called me and start to pressure to open account with them without checking the real situation on T&C. I just switched my phone down and check their T&C. Just be careful with them. do not even try them if you do not want to pay high withdrawal fee. Form their T&C "12.9. Withdrawal fee: The Client will be charged with a withdrawal fee of 40 (EUR/USD/GBP) depending on the trading account’s currency, per withdrawal. "
cairns, Australia,
Mar 25, 2019,
Registered user

I am very dissatisfied with what seems to be their intention to defraud. Pushing me into opening positions that required more money to be invested whe

I lost over AUD100,000 with EuropeFX. My intention was to keep this account at a minimum but my adviser did a lot of hard selling. Pressuring me into opening positions and then when the positions went against me, saying I had to hedge and then requiring more money be put into the account. It was a horrible experience!
I believe I was scammed. My adviser and EuropeFX made a lot of money from swaps and commissions and did not adequately protect my investment. Their strategy was to manipulate me into opening too many positions so that I had to invest more money and meanwhile they were profiting from me.
Reply by EuropeFx submitted May 27, 2019:
Dear Debbie,

We thank you for your feedback and would like to inform you that our dedicated Client Relations team has tried to reach you.

We kindly ask you to respond us back via email in order to open an audit upon your dissatisfaction with us.


Manchester, United Kingdom,
Mar 5, 2019,


Try leaving and deleting your details....impossible! They just ring you up time and time again asking for money and when you tell them you have left and request that your details are deleted it falls on deaf ears ..... EVERY TIME! Absolutely disgusting customer service. Stay well away!
cyprus, Cyprus,
Mar 2, 2019,

Great Broker , Trusted, Regulated, and good service .

Very good broker ! fully regulated and has a licence .
gives good , neutral service , education, and good platform .
Withdrawal process up to 2 business days.
I have traded with many firms before, and i see people bashing their name - its only because they do not know many things.
i would recommend this broker to all, fro EXP traders to beginners. 5 stars ! .
Feb 27, 2019,
Registered user

My review of Lisa V.
Before Lisa I had Dennis Bossche, He promissed me a lot. It did not work out, I also had an uneasy feeling and I did not react on that feeling. He is a smooth / nice talker.

Lisa took over. And I heard that Dennis did not work anymore for EuropeFX.
Lisa took over and I had lost a lot of money, and I remember that Lisa reaction was when she saw how my goals were set up, that there was not a "stop" barrier was activated and some other things.
Lisa explained me in this short time a lot more. I am not capable to all this on my own,
So I wanted to stop the exchange. Lisa told me that there is an other way. I'm going to try that , only with less money and see how that goes. I don't expect anything and I will see what this brings. But I am glad Lisa took over.

with kind regarts Els
Koh Samui, Thailand,
Jan 30, 2019,
Registered user

Satisfied so far

Was easy to open the account, trade and then make withdrawals.
I had no issues depositing or withdrawing.
They offer leverage of 1:200 and even higher (but I don't have that kind of money to invest), but I would recommend everyone to study hard before jumping into the deep waters.
Trading is risky and without proper attention could be dangerous.
I'm getting sessions with their academy team that is helping me to improve my trading skills, still not 100% confident but I'm working on it.