RMFX Forex Broker

Eachmarkets Forex Broker - Complete Information Guide

1. Broker Overview

　　Eachmarkets is a forex brokerage firm officially registered as Each Markets Co., Ltd. The company has been operational for 5 to 10 years and is headquartered in the United Kingdom. Eachmarkets operates as a private entity, catering primarily to retail traders and investors in the forex and CFD markets. The firm offers a range of trading services, including access to various financial instruments and trading platforms.

　　Since its inception, Eachmarkets has aimed to provide competitive trading conditions and a diverse range of market instruments. The company has made significant strides in establishing itself in the online trading space, although it has faced challenges related to regulatory compliance and customer support. Eachmarkets primarily focuses on retail forex trading, offering services that include market access for currencies, commodities, indices, and cryptocurrencies.

　　The business model of Eachmarkets revolves around providing trading services to individual clients, allowing them to trade various assets with competitive spreads and leverage options. The company's development has been marked by its commitment to enhancing trading conditions and expanding its product offerings, though it has faced scrutiny regarding its regulatory status and customer service effectiveness.

2. Regulation and Compliance Information

　　Eachmarkets operates as an unregulated broker, which raises significant concerns regarding its credibility and the level of protection it provides to clients. The absence of regulatory oversight means that Eachmarkets is not held accountable to the stringent standards typically imposed by reputable financial regulatory authorities. This lack of regulation exposes traders to heightened risks, including potential fraudulent activities and insufficient fund security measures.

　　The firm's operations are based in the United Kingdom, but it does not possess licenses from major regulatory bodies. Consequently, clients should be aware that their funds may not be safeguarded under a formal investor compensation scheme. Eachmarkets does not provide specific regulatory license numbers, and the lack of transparency regarding its compliance measures may deter potential clients.

　　Despite the absence of regulation, Eachmarkets claims to implement basic KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to verify the identities of its clients and prevent illicit activities. However, the effectiveness of these measures remains questionable due to the lack of regulatory oversight.

3. Trading Products and Services

　　Eachmarkets offers a wide array of trading products, including a substantial selection of forex currency pairs, CFDs, commodities, indices, and cryptocurrencies. The broker provides access to major, minor, and exotic currency pairs, enabling traders to engage in diverse trading strategies. The primary currency pairs include the US Dollar (USD), Euro (EUR), British Pound (GBP), and Japanese Yen (JPY).

　　In addition to forex trading, Eachmarkets provides CFDs on various asset classes, including:

• Indices: Access to globally recognized indices such as the S&P 500, Dow Jones, and FTSE 100.
• Commodities: Trading options include popular commodities like gold, silver, oil, and natural gas.
• Cryptocurrencies: Eachmarkets supports trading in major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

　　The firm has been proactive in updating its product offerings, although specific details regarding the frequency of updates and the introduction of new products are not extensively documented. Eachmarkets primarily focuses on retail trading services, catering to individual clients looking to access a broad spectrum of financial markets.

4. Trading Platforms and Technology

　　Eachmarkets offers its clients access to the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are known for their user-friendly interfaces and comprehensive trading tools, suitable for both novice and experienced traders. While MT4 is particularly popular for forex trading, MT5 offers additional features for trading a broader range of assets.

　　The broker does not provide a proprietary trading platform, which may limit its appeal to traders seeking advanced tools and functionalities. The absence of innovative trading solutions suggests that Eachmarkets may not be investing sufficiently in research and development to enhance its trading environment.

　　For mobile trading, Eachmarkets claims to support applications for both iOS and Android devices. However, the reliability and performance of these mobile applications remain uncertain, which could affect traders' ability to execute trades effectively on the go.

　　Eachmarkets operates its trading servers in China, which raises questions about latency and execution speed for international clients. The broker's execution model is primarily market-making, which may impact the pricing and order execution for traders.

5. Account Types and Trading Conditions

　　Eachmarkets provides several account types tailored to different trading needs. These include:

• Starter Account: Requires a minimum deposit of $100, with spreads starting from 1.0 pip. This account is designed for beginners but may not offer the best trading conditions for experienced traders.
• Advanced Account: Targets more experienced traders, requiring a minimum deposit of $1,000 and offering tighter spreads starting from 0.5 pips.
• Pro Elite Account: Aimed at professional traders with a minimum deposit requirement of $10,000 and spreads starting from 0.1 pip.

　　Eachmarkets offers leverage options of up to 1:500, which can amplify both potential gains and losses. The minimum trading lot size varies depending on the account type, and traders should be aware of the overnight fees associated with their positions.

　　While the account offerings appear diverse, the lack of transparency regarding commission structures and the overall value proposition raises concerns about the suitability of these accounts for all types of traders.

6. Fund Management

　　Eachmarkets supports a limited range of deposit and withdrawal methods. These include:

• Bank Wire Transfers: Accepted but may incur delays and additional fees.
• Credit/Debit Card Payments: Major credit cards like Visa and Mastercard are accepted, though international transaction fees may apply.
• E-Wallet Services: Eachmarkets supports e-wallets such as Skrill, Neteller, and PayPal, but the range of options is limited.

　　The minimum deposit requirement varies by account type, with the starter account requiring $100. Deposits are processed within a timeframe that may vary depending on the method used, and traders should be prepared for potential fees associated with their transactions.

　　Withdrawals can be made via similar methods, but eachmarkets has faced criticism regarding the efficiency of its withdrawal process. Delays and additional fees may apply, particularly for bank wire transfers.

7. Customer Support and Educational Resources

　　Eachmarkets provides customer support through multiple channels, including email and live chat. However, the service has been criticized for slow response times and a lack of effective solutions to client inquiries. The support team operates 24/5, but traders may encounter language barriers and potential call charges when seeking assistance.

　　The broker does not offer substantial educational resources, such as tutorials, webinars, or written guides, which may hinder the development of trading skills, especially for beginners. The absence of market analysis services further limits the support available to traders looking to enhance their trading strategies.

8. Regional Coverage and Restrictions

　　Eachmarkets primarily serves clients in the United Kingdom and other regions, but it is important to note that it does not accept clients from certain countries. The firm has not provided a comprehensive list of restricted countries, but potential clients should verify their eligibility before attempting to open an account.

　　The broker's operational structure is designed to cater to a global audience, but the lack of regulatory oversight and transparency may deter traders from engaging with the platform.

　　In summary, Eachmarkets presents a mixed profile, with both opportunities and significant risks for potential traders. Its unregulated status, coupled with concerns regarding customer support and educational resources, necessitates that traders exercise caution when considering Eachmarkets as their trading platform of choice.