Marked as
Last updated - January 28, 2026
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EuropeFX, a Cyprus-based broker formerly led by Michael Landsberger, faces fraud allegations involving aggressive sales tactics, withdrawal issues, and client losses. Advisors reportedly pressured users into risky trades, with some losing life savings. Its parent, Maxiflex Ltd, gave up its license, raising oversight concerns. Victims report manipulative practices and unresponsive support. Traders are advised to proceed with extreme caution.
General Manager
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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Europe FX faces multiple lawsuits from clients alleging fraudulent practices and unauthorized account activities.
Yes, several online articles and forums have reported Europe FX for misleading marketing and poor customer service.
CySEC issued a warning in 2023 for Europe FX’s non-compliance with advertising regulations.
Numerous client reviews on platforms like Trustpilot cite significant delays in processing withdrawals.
Europe FX has been accused of exaggerating potential profits in promotional materials.
Client complaints highlight Europe FX’s use of unverified trading performance data to attract investors.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
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What you see here scratches the surface
We offer reward for actionable intel
EuropeFX is reported for misleading clients and causing significant financial losses through aggressive and unethical trading practices.
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An Australian court found EuropeFX and TradeFred responsible for misleading clients, resulting in over $83 million in collective losses.
EuropeFX director Pedro Sasso was banned for five years by ASIC for failing to oversee operations and address client complaints.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
2
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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EuropeFX looked legitimate at first, but the experience quickly turned into something stressful and damaging. The sales tactics were extremely aggressive, with advisors constantly calling and pushing higher-risk trades, even when it was clear the client wasn’t comfortable or experienced enough. It didn’t feel like guidance at all, more like pressure to keep depositing and trading no matter the risk.
1/5
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EuropeFX’s operations were temporarily halted by the Cyprus Securities and Exchange Commission (CySEC) in 2021, which raised significant concerns about their regulatory adherence
Many customers have reported that EuropeFX uses overly optimistic and often misleading marketing tactics to attract new clients. Their promotional material frequently highlights extraordinary investment returns without providing clear disclaimers about the associated risks.
These practices have led to significant financial losses for some individuals who were persuaded to engage in risky trades that they did not fully understand. Clients have described feeling coerced into following advice that was not in their best interest, raising serious ethical concerns about the company's sales culture and customer relations.
EuropeFX has faced numerous scam allegations across multiple platforms, with some claiming that the company engages in fraudulent activity to defraud its clients. These allegations have been compounded by negative media coverage
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