EMPIRE GOAL Forex Broker

Empire Goal Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Empire Goal, officially registered as Equal Target Ltd., operates as an offshore forex broker primarily located in the Marshall Islands. The company was established in 2020 and has since been providing trading services to a diverse clientele interested in forex, cryptocurrencies, and other financial instruments. The headquarters is situated at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

　　As a privately held entity, Empire Goal focuses on retail forex trading, targeting both novice and experienced traders. The broker aims to offer a user-friendly trading environment, although it is crucial to note that it operates without any regulatory oversight. This lack of regulation raises significant concerns regarding the safety of client funds and the overall legitimacy of its operations.

　　The development of Empire Goal has been marked by its aggressive marketing strategies, which often promise high returns and attractive trading conditions. However, the absence of a reputable regulatory framework has led to skepticism about the broker's reliability. The business model primarily revolves around providing trading services through its proprietary web-based platform, catering to clients interested in speculative trading across various assets.

2. Regulation and Compliance Information

　　Empire Goal operates without any regulatory oversight from major financial authorities. The broker is not licensed or authorized by any reputable regulatory body, which is a considerable red flag for potential investors. This absence of regulation means that there is no guarantee of fund safety or adherence to industry standards.

　　The following points summarize the regulatory status of Empire Goal:

• Regulatory Bodies: No major regulatory authority oversees Empire Goal. This includes well-known agencies such as the FCA (UK), ASIC (Australia), and others that typically ensure broker compliance with financial regulations.
• Regulatory License Number: None available, as the broker does not hold any regulatory licenses.
• License Validity and Scope: Empire Goal operates in an unregulated environment, which means there are no legal obligations to protect client funds or provide transparent trading conditions.
• Client Fund Segregation Policy: No information is available regarding the segregation of client funds, which is a standard practice among regulated brokers to protect client assets.
• Investor Compensation Fund Participation: Empire Goal does not participate in any investor compensation schemes, which typically provide a safety net for clients in case of broker insolvency.
• KYC and AML Compliance Measures: There is no publicly available information indicating that Empire Goal follows Know Your Customer (KYC) or Anti-Money Laundering (AML) regulations, further highlighting the risks associated with trading through this broker.

　　Given these factors, potential investors should exercise extreme caution when considering engaging with Empire Goal, as the lack of regulatory oversight poses significant risks to their investments.

3. Trading Products and Services

　　Empire Goal offers a range of trading products, primarily focusing on forex and cryptocurrencies. The broker provides access to various financial instruments, catering to both retail and institutional clients. Heres a detailed overview of the products and services available:

• Forex Currency Pairs: Empire Goal offers a selection of forex currency pairs, including major, minor, and exotic pairs. The exact number of currency pairs available is not specified, but it typically includes popular pairs such as EUR/USD, GBP/USD, and USD/JPY.
• CFD Product Categories: The broker provides Contracts for Difference (CFDs) across several asset classes, including:
• Indices: Traders can speculate on major stock indices.
• Commodities: Access to trading in commodities like gold, oil, and agricultural products.
• Stocks: CFDs on individual stocks from various global markets.
• Cryptocurrencies: A range of cryptocurrencies is available for trading, allowing clients to engage in the growing digital asset market.
• Unique Products: Details about any unique or proprietary trading products offered by Empire Goal are not available from the sources reviewed.
• Product Update Frequency: There is no specific information on how frequently new products are introduced or existing ones updated.
• Retail Trading Services: Empire Goal primarily focuses on retail trading, offering services to individual traders looking to engage in speculative trading.
• Institutional Client Services: There is no information indicating that Empire Goal provides specialized services for institutional clients.
• White Label Solutions: No details are provided regarding the availability of white label solutions.
• Asset Management Services: Information on asset management services is not available.

　　Overall, while Empire Goal offers a variety of trading products, the lack of regulatory oversight and transparency raises concerns about the quality and safety of these services.

4. Trading Platforms and Technology

　　Empire Goal provides a web-based trading platform designed for ease of use. However, it does not support industry-standard platforms such as MetaTrader 4 or MetaTrader 5, which are widely recognized for their advanced trading capabilities. Here are the key features of the trading platform:

• Platform Support: The broker utilizes its proprietary web-based trading platform, which lacks some of the advanced features found in MetaTrader platforms.
• Self-Developed Platform Details: The specifics of the platform's capabilities, such as charting tools and technical indicators, are not detailed in the available information.
• Web-Based Trading Platform: The platform is accessible through web browsers, allowing traders to engage in trading without the need for software downloads.
• Mobile Application: There is no mention of a dedicated mobile application for iOS or Android, which limits flexibility for traders who prefer mobile trading.
• Execution Model: The execution model employed by Empire Goal is not explicitly stated, but the absence of regulatory oversight raises questions about the fairness of trade execution.
• Server Location and Technology Infrastructure: Information regarding the server locations and technical infrastructure supporting the trading platform is not provided.
• API Access and Automated Trading Support: There is no mention of API access or support for automated trading, which are essential features for many traders.

　　The limitations of the trading platform and the lack of supporting technology may hinder the trading experience for clients of Empire Goal.

5. Account Types and Trading Conditions

　　Empire Goal offers several account types, although specific details about each account's conditions are limited. Heres an overview of the account types and their trading conditions:

• Standard Account Conditions: The minimum deposit required for a standard account is reported to be $250, with spreads starting from 0.1 pips. However, precise information regarding commissions is not readily available.
• Advanced Account Types: There is no detailed information on advanced account types such as VIP or professional accounts.
• Special Accounts: Information on specialized accounts, such as Islamic accounts or corporate accounts, is not provided.
• Demo Account Policy: The availability of a demo account for practice trading is not specified.
• Leverage Ratios: Empire Goal offers leverage of up to 1:400, which is significantly higher than what is typically permitted by regulated brokers. This high leverage can amplify both profits and losses.
• Minimum Trade Size: The minimum trade size is not specified in the available information.
• Overnight Fees Policy: Specific details regarding overnight fees or swap rates are not disclosed.

　　While the account types may appeal to certain traders, the lack of transparency regarding trading conditions and account features raises concerns.

6. Fund Management

　　Empire Goal supports various deposit and withdrawal methods, although detailed information is limited. Heres an overview of fund management practices:

• Supported Deposit Methods: The broker accepts several deposit methods, including bank transfers, credit cards, and e-wallets. However, specific details on which e-wallets are accepted are not provided.
• Minimum Deposit Requirements: The minimum deposit requirement for opening an account is set at $250, which is relatively standard for many brokers.
• Deposit Processing Times: Information regarding the processing times for deposits is not available.
• Deposit Fees: There are no clear details on any fees associated with deposits.
• Withdrawal Methods and Restrictions: The withdrawal methods available to clients are not specified, and there may be restrictions on withdrawals.
• Withdrawal Processing Times: The processing times for withdrawals are also not detailed.
• Withdrawal Fee Structure: Information on any fees associated with withdrawals is not provided.

　　The lack of transparency regarding fund management practices is concerning for potential clients of Empire Goal.

7. Customer Support and Educational Resources

　　Empire Goal provides customer support through various channels, although specific details are limited. Heres an overview of the support and educational resources available:

• Support Channels: Clients can reach out for support via phone, email, and online chat. However, the responsiveness and availability of support staff are not detailed.
• Service Hours and Time Zone Coverage: The operating hours for customer support are not specified.
• Multilingual Support: There is no information available about the languages supported by the customer service team.
• Types of Educational Resources: Empire Goal does not provide comprehensive educational resources, such as webinars, tutorials, or e-books.
• Market Analysis Services: There is no indication that the broker offers market analysis services, daily reports, or research materials.
• Trading Tools: The availability of trading tools, such as calculators or signal services, is not mentioned.

　　The limited support and educational resources may hinder the trading experience for clients seeking guidance and assistance.

8. Regional Coverage and Restrictions

　　Empire Goal services a global client base, but there are specific regions where it may not accept clients. Heres an overview of the regional coverage and restrictions:

• Primary Service Markets: The broker primarily targets clients from various countries, but specific markets are not detailed.
• Regional Office Distribution: There is no information regarding any regional offices or local presence in specific countries.
• Countries/Regions Not Accepted: Empire Goal does not accept clients from certain jurisdictions, although specific countries are not listed.
• Special Restrictions: Additional restrictions may apply based on local regulations, but details are not provided.

　　Potential clients should be aware of the risks associated with trading through an unregulated broker like Empire Goal and consider the implications of regional restrictions.

　　In conclusion, while Empire Goal offers a variety of trading products and services, the lack of regulatory oversight, transparency, and support raises significant concerns for potential investors. It is crucial for traders to conduct thorough research and consider safer, regulated alternatives when choosing a broker.