EmexTrade Broker Review
- 350+ Tradable Assets
- The minimum deposit fee is high
- Not strictly regulated
EmexTrade Broker Review – EmexTrade.io Was Marked As A Scam Broker
EmexTrade’s website is nicely done if you decide to check it out. It appears that everything is transparent. The broker also clearly lists the minimum deposit, leverage, and everything else you can expect.
There are still a few questions to be answered. Who is the owner of EmexTrade, and how is it regulated?
Could you find out more in our EmexTrade review? But first, read our updated reviews on Axiance, EuroTrades, and InstaForex to increase your trading knowledge.
- Status of the broker: offshore broker
- Unlicensed Scam Broker: Regulated by
- Websites of scammers: EmexTrade.io
- Forex Trading Scam: Active
- Scam listed by: N/A
- Owner of the broker: Sequoia Group Ltd
- Country of headquarters: Commonwealth of Dominica
- Founded in 2021
- Trading platforms: MT5, WebTrader
- Availability of mobile trading
- Minimum Deposit: 250 Euros
- Applied immediately: No deposit bonus from the broker
- Cryptocurrency Assets: Bitcoin, Ethereum, XRP
- Traders can trade cryptos, forex, commodities, indices, and shares.
- Leverage maximum: 1:200
- Not available for Islamic accounts
- Demo Account: Not available
- Accepts US Clients: No US traders are accepted.
- Experts’ Verdict: Don’t Invest in Scam Brokers!
Is EmexTrade Safe and Regulated? – The Importance of Regulation
In the Commonwealth of Dominica, EmexTrade is owned by Sequoia Group Ltd. Combined with the addresses used by several other scam brands, such as PrimoTrade, EuroFX, and OptiMarkets, EmexTrade’s legitimacy was highly suspect.
What’s Wrong With the EmexTrade License?
In reviewing the FSU of Dominica and several Tier 1 regulators – FCA, ASIC, and BaFin – we can conclude that EmexTrade regulation does not exist. It means your funds are at risk if you open an account with an unregulated offshore company.
EmexTrade Login Problems – One Of The Signs Of A Scam
Login issues are a sure sign of a scam. EmexTrade reviews indicate that clients are experiencing this type of issue when requesting a withdrawal. You would like a payout if you invested enough and made a profit. Also, your trading account will be blocked once you ask your account manager for it, resulting in login issues.
It will be blamed on tech support, your internet connection, browser, etc., but they will never tell you it’s because they don’t want to refund your money. Please let us know if you encounter something similar.
Furthermore, think twice before investing money in Flex Capital, InvestBoost or 24xForex brokers.
EmexTrade Reviews: Is EmexTrade A Scam Broker?
EmexTrade forex broker clients are also reporting login issues and other problems. When you make an initial deposit with EmexTrade, the broker immediately gives you a bonus, but no specific terms are disclosed.
A minimum deposit requires a rollover of 5 lots before funds can be withdrawn. You will need a lot of time or to invest more money to reach such a rollover. In conclusion, beware of the EmexTrade trading scam!
Scammed By EmexTrade Broker? – Talk To Our Experts Today!
Lastly, please let us know if EmexTrade or a similar bogus brokerage has scammed you. If you would like to schedule a free consultation with a chargeback expert, our support department will be able to assist you. Before it’s too late, reclaim what’s rightfully yours. You don’t have to be another victim of the EmexTrade scam, and you can be the winner!
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FAQ Section:
What Is EmexTrade, And Should I Invest Money In It?
The company is an unregulated online trading brokerage based in Dominica.
What is the EmexTrade Minimum Deposit?
The broker requires a deposit of 250 EUR to open a Standard account.
What Products Does EmexTrade Offer?
Among the products offered by the company are currency pairs, commodities, indices, shares, and cryptocurrencies.
Are My Funds Safe With EmexTrade?
You cannot trust this brokerage since it is not regulated.