En-Rev Review – Can you Trust this Broker?

En-Rev Review

There are hundreds of brokerages you will find in the financial markets, but are they all the same? No two platforms can offer you the same services, which means you have to do your homework to find a brokerage that can be the perfect fit for you. How do you do that? Every company would obviously promise a smooth trading experience and you cannot just take their word for it. Why? This is because even scammers use this tactic to lure people to their platforms and you could end up being defrauded. Checking out this En-Rev review can turn out to be quite handy here.

You do not want to sign up with a brokerage, only to find that you have been misled and it was nothing but a sham. The loss can be a devastating one and you do not want to have to go through that. To accomplish this, you have to do your homework and the same should be done in the case of En-Rev. As it claims to be a premium level brokerage offering forex and CFD trading services, you are bound to come across it. The platform claims to have garnered international prestige since it was founded four years ago.

En-Rev comes off as very promising because it offers financial stability and balanced trading conditions and claims to have received global awards for its exquisite services. Additional claims include a clientele of more than 340,000 traders all over the world. All of this can be very appealing and you would want to sign up right away, but this is where your homework pays off because it can help you avoid a decision that can set you back. What should you know? Take a look below:

No license

At first glance, En-Rev appears to have done an excellent job where its presentation is concerned. You will find all the relevant information, such as their account types and trading conditions right on their homepage. It is also very reassuring to see that they claim to have legitimate licenses for offering their services, not just in Europe, but also in a number of other offshore jurisdictions like Mauritius and Belize.

While the claims are quite impressive, as stated earlier, you cannot just take their word for it. It is essential to follow up and verify what they have claimed and this applies to the licenses they have advertised. When you dig in, you will discover that En-Rev is not regulated and licensed as it has stated. As a matter of fact, the Cyprus Securities and Exchange Commission (CySEC) has issued a warning against the broker. According to them, it is not a licensed and authorized company and this is enough to show it is not a legitimate platform.

All the licenses that En-Rev claims to have are fake. As far as licenses from the Financial Services Commission of Mauritius and the International Financial Services Commission of Belize are concerned, they would be of no value at all. Offshore jurisdiction don’t have the same kind of regulatory framework of jurisdictions like Europe, Australia, or the UK. Hence, they cannot offer you the same kind of security. However, this does not matter here because it doesn’t seem that En-Rev is regulated in these offshore jurisdictions either.

The only information that you will find about En-Rev is that it is based in the Czech Republic, but it is not regulated there either. Essentially, it means that you are dealing with a brokerage that is not licensed and has actually lied about its licensing status. Can such a broker be trusted? Certianly not.

No terms and conditions

Before you open a trading account with a broker, it is understood that you will check their Terms and Conditions. These are quite important because they establish the relationship you will have with the company. They also provide you with details about the policies you have to comply with and the fees you may have to pay, along with other essentials. It helps you understand exactly what you are getting into, so what is the problem with En-Rev?

When you scour through their website, you will find that En-Rev does not have any Terms and Conditions at all. This is extremely suspicious and alarming because authentic companies would never hold back such vital information. In fact, they go to great lengths to ensure their clients understand what they are agreeing to. Yet, En-Rev does not have any Terms and Conditions and they expect you to agree with them without knowing what they are. This means they can implement any policy, or charge you whatever they want and you will not be able to do anything about it.

No proper platform

When you sign up with a good broker, you would obviously expect to have access to a dependable and professional trading platform to make your trades. The MT4, MT5 and cTrader are some of the renowned platforms that exist and are offered by most of the genuine companies in the market. What does En-Rev have to offer to you? You will be disappointed to find that they have an oversimplified web trading platform, which is what most scam and shady platforms offer.

No credit cards supported

The payment methods that a broker offers are of the utmost importance because they are to be used for your deposits and withdrawals. Thus, they have to be convenient and safe, so you don’t have to face any hassle. Credit cards are considered the best option here because they offer you the option of filing for a chargeback. This means that you can request for a refund in case there is a problem of any kind.

The fact that there are logos of VISA and MasterCard on the En-Rev website creates the illusion that they offer support for credit cards. But, the only method they support are bitcoins. This is also a clear sign of a scam because crypto payments are anonymous and final and you cannot get your money back.

What is the Verdict?

Once you have done your homework, it becomes apparent that En-Rev is not a brokerage to be trusted.