EM Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
I met a female manager on the Internet who said that she was an agent of EM's gold and foreign exchange trading platform. She asked me to fry gold on her platform. In it, I transferred 300,000 in, just three months. She asked me to add a little bit a month when there was a profit during the period. By October, I lost all losses and blocked my friends. Don't fund it anymore.
The em brokerage has garnered a mixed reputation in the forex trading community. While it offers a range of features appealing to traders, concerns regarding its regulatory status and customer service have raised red flags. This review delves into the pros and cons of em, highlighting key aspects that potential users should consider.
Note: It is essential to recognize that different entities operate under the em brand in various regions, which can impact user experience and regulatory compliance. This review aims to provide a balanced perspective based on available information.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 4 |
We assess brokers based on a combination of user feedback, expert opinions, and factual data.
Founded in 2019, em operates as a forex and CFD broker, primarily targeting high-risk markets. The brokerage utilizes the MT5 trading platform, which is known for its advanced capabilities. However, the lack of regulation raises significant concerns about the safety of funds and the overall trading environment. The broker offers a variety of trading instruments, including forex pairs, commodities, and cryptocurrencies, but its regulatory oversight is either minimal or non-existent.
The em brokerage operates in various regions, but it lacks robust regulatory oversight from recognized financial authorities. This absence of regulation is a critical factor that potential traders should consider when assessing the safety of their investments. The broker is based in Saint Vincent and the Grenadines, a jurisdiction known for its lenient regulatory environment.
Em supports multiple currencies for deposits and withdrawals, including USD and EUR. However, the specific details regarding withdrawal fees and processing times are often unclear, which can lead to frustration among users. The minimum deposit requirement is set at €250, which is relatively standard in the industry but may be a barrier for some new traders.
While em does not prominently advertise any bonuses or promotions, it is essential to inquire directly with the broker for any available offers. Many brokers use bonuses as a marketing tactic to attract new clients, but traders should be cautious, as these often come with stringent withdrawal conditions.
Em offers a diverse range of tradable assets, including forex, commodities, cryptocurrencies, and indices. This variety can appeal to traders looking to diversify their portfolios. However, the quality of execution and the spreads offered are crucial factors that can impact overall trading performance.
The cost structure at em is somewhat opaque, with many users reporting higher-than-average spreads and commissions. This lack of transparency can lead to unexpected costs, which is particularly concerning for active traders who rely on tight spreads for profitability.
Em offers leverage options up to 1:200, which can be attractive for traders seeking to maximize their exposure. However, the risks associated with high leverage should not be underestimated, particularly for inexperienced traders.
The primary trading platform offered by em is MT5, which is well-regarded for its user-friendly interface and comprehensive analytical tools. However, the absence of mobile trading options may limit accessibility for traders who prefer to manage their accounts on the go.
Em does not accept clients from certain jurisdictions, including the United States. This restriction is common among brokers that operate under less stringent regulations, as they aim to avoid the complexities of complying with various legal frameworks.
Customer service at em is limited, with support primarily available in English and Chinese. Users have reported long wait times and unresponsive customer service, which can be a significant drawback for traders seeking timely assistance.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 4 |
Account Conditions (4/10): The minimum deposit is reasonable, but the lack of transparency regarding fees and withdrawal conditions is concerning. Users have expressed dissatisfaction with the overall account management experience.
Tools and Resources (5/10): The MT5 platform provides essential tools for traders, but the absence of mobile trading options limits its utility for those who prefer trading on the go.
Customer Service and Support (3/10): Feedback indicates that customer support is often slow and unhelpful, with many users experiencing difficulties in getting timely responses to their inquiries.
Trading Experience (4/10): While the range of tradable assets is appealing, the high costs associated with trading can diminish the overall experience. The execution quality has also been questioned by users.
Trustworthiness (2/10): The lack of regulation and oversight is a significant red flag. Many users have reported issues with fund withdrawals, raising concerns about the broker's reliability.
User Experience (4/10): Overall, the user interface is functional, but the lack of a mobile platform and the slow customer service detract from the overall user experience.
In conclusion, while em offers a range of features and trading options, potential users should exercise caution due to its regulatory status and customer service issues. Thorough research and consideration of user experiences are essential before engaging with this broker.
FX Broker Capital Trading Markets Review
