ANSWER EuroXN is not a regulated broker and should be avoided at all events. After going through the broker's website, we found that neither regulatory information nor company details is mentioned. Lacking for such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. What's worse, the Spanish regulator CNMV has issued a public warning against EuroXN. It shows that EuroXN has not been authorized to carry out investment services and activities in Spain as a result of a lack of the authorization. You can check full warning here. Our final verdict is that EuroXN is not authorised by any financial regulator, therefore is not subject to necessary and strict laws and principles of operation, resulting in a high risk to trade with it. We advise you to stay away from this broker and any other unregulated brokerages and choose properly regulated brokers.
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