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EMCM Forex Broker provides real users with * positive reviews, * neutral reviews and 8 exposure review!

EMCM Broker Review

1.52

WikiFX monitor

Business

Influence E

License

No license

EMCM Review 8

Latest All(8) Exposure(8)
Exposure
Fraud platform

Rely on the establishment of wechat group to attract new people and people without stock trading experience from the A-share market. People are attracted to this platform by inducement or commitment of profit. You'll lose all the fund according to their recommendations after relying on them. Be vigilant and stay away from this platform.

只道寻常
2020-09-05
Exposure
Losses caused by order recommendation

Sun Shaohua, whose net name was Gold List Title, established a livestreaming room with his assistant Zhang Tong to gave recommendations, causing losses. After that, they blamed it on mere fund and mis-operation.

萱萱 美容养生(美莜新零售)
2020-08-14
Exposure
Started from the stock market to the FX market and scammed. Its account director does not reply via WeChat

At the end of May, I entered the FX market to invest in LLG coercively under the lead of Su Dingbang, Wang Yan, Jin Gang and Teacher Dao Feng. Before that, I made some profits by investing in Senci in the stock market. They gained my trust and said that they would like to transfer the object of “Thunder Action” to the outer, i.e. Investment in LLG. Otherwise I I would not get the prompt of the Action. I trusted them too much, so I opened an account with Director Jin, the account director appointed by Wang Yan. I lost CNY 500,000 in a matter of days with all operation directions reversed. Now the account director does not respond via WeChat. Did they abscond? Scam? Hope someone can help me.

俄罗斯食品批发
2020-07-08
Exposure
Losses caused by teacher’s recommendation

I followed Su Dingbang, Wang Yan, Jin Gang and Dao Feng teachers and traded London XAU/USD, making all lost. I wanted to quit, while they claimed that those left couldn’t join the Chunlei Initiative. They shared the contact of manager Jin, whose registration bank is located in Henan. So I deposited and joined Wang’s team. He interrupted the livestreaming and began to give recommendations on WeChat. As a result, 500 thousand was gone within 2 days. He asked me to add fund to prepare for the coming NFP on Friday. The market was also adverse, the remaining $8000 was also gone. I hope you can throw a full investigation into it. As of now, teachers have been disappeared. What should I do?

俄罗斯食品批发
2020-07-01
Exposure
Losses caused by order recommendation

Su Dingbang and Wang Yan gave recommendation on A share and London XAU/USD, leading to all losses.

只道寻常
2020-06-29
Exposure
The teacher gave recommendation, causing huge losses. There was also severe slippage with the platform.

I joined the stock group led by Su Dingbang, in which her trained members’ trading such shares as Daye, Suzhou Longjie, Longjie Pharmaceutical. Then Su set up a lecture named Jiangwu Tang and 8 groups(namely, Cheetah, Golden vulture, Eagle and Tiger). When guiding us to trade the first stock, Shenchijidian, he invited Wang Yan as the chief. Albeit some profits, there was still a long way to go before achieving 200% profit. He said that the second round of trading was to begin, asking us to prepare for it. The second stock was named Chunlei initiative. After researching, he said that he had chosen 3 companies for stock and invited the chairman K of one of the companies to inspect members’ strengths. After that, Su claimed to set up 4 training groups, guided by Su, Pan, Jin Gang and Dao Feng teachers, to trade London XAU/USD, and promised an above 70% profit within 10 workdays. He required all members to join in. Otherwise, they would be removed off the plan. Although having some doubts, I got registered and deposited fund. I joined the second group led by teacher Pan. At the beginning, there was a break-even. Then, Pan gave adverse recommendation, causing huge losses. That was the scam experience. Teacher: Su Dingbang(Owner of the Jiangwu Tang), Pan(Wang Yan, the chief of Jiangwu Tang), Jin Gang(consultant of Jiangwu Tang) and Dao Feng(consultant) Method: through livestreaming room(given account and password) Teacher(or Wang Shnegnan instructor) gave orders through WeChat.

街角23202
2020-06-23
Exposure
The teacher gave order recommendations. The withdrawal is unavailable.

Having traded for not long, I suffered great losses. On last Wednesday, I tried to make a withdrawal, buy it was unavailable. The service was out of contact. I am anxious now!

繁星36864
2020-06-09
Exposure
The withdrawal is unavailable for one week.

Having traded for half of year, I broken even amidst profits and loses. During the covid-19, I wanted to make a withdrawal, while it is yet to be received for one week.

鑫泽法律
2020-06-08

  

Emcm 2025 Review: Everything You Need to Know

  In this comprehensive review of Emcm, we explore the broker's performance, user experiences, and overall reputation in the forex trading landscape. Established in 2019, Emcm operates without significant regulatory oversight, which raises concerns among potential investors. The platform utilizes MetaTrader 5 (MT5) for trading, offering a range of features but also facing criticism regarding its security and customer service.

  Note: It is crucial to recognize that Emcm operates under different entities across various regions, which can impact user experiences and regulatory protections. This review aims to provide a balanced perspective based on available information.

  

Ratings Overview

Criteria Rating (Out of 10)
Account Conditions 2
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trustworthiness 1
User Experience 3
Regulatory Compliance 1

  How We Rated the Broker: Our ratings are based on user feedback, expert opinions, and available data on the broker's services.

  

Broker Overview

  Emcm, officially known as Emcm Limited, was founded in 2019 and is registered in Saint Vincent and the Grenadines. The broker primarily caters to the Chinese market and offers forex trading through the MT5 platform. However, it lacks regulation from any recognized financial authority, which is a significant red flag for potential investors. The absence of regulatory oversight raises concerns about the safety and security of funds deposited with Emcm.

  

Detailed Analysis

  

Regulatory Environment

  Emcm is not regulated by any top-tier financial authority, which poses a risk to traders. According to sources like WikiFX, the broker has received a low score of 1.45 out of 10, indicating significant concerns regarding its legitimacy and operational practices. Without regulatory oversight, traders may find it challenging to seek recourse in case of disputes or financial losses.

  

Deposit and Withdrawal Options

  Emcm supports various currencies for deposits and withdrawals, but specific details regarding the accepted currencies are scarce. The broker has not disclosed information about cryptocurrency transactions or specific deposit methods, which can be a concern for traders looking for flexibility.

  

Minimum Deposit

  The minimum deposit requirement is not clearly stated in the available resources. This lack of transparency can deter potential clients who prefer to know upfront what financial commitment they need to make.

  

Bonuses and Promotions

  Emcm does not appear to offer any significant bonuses or promotional incentives, which is common among unregulated brokers. This absence may indicate a lack of competitiveness in attracting new clients.

  

Tradeable Asset Classes

  Emcm primarily focuses on forex trading, but the specific asset classes available for trading are not well-documented. This lack of information can make it challenging for traders to assess the broker's offerings fully.

  

Costs (Spreads, Fees, Commissions)

  While specific details regarding spreads and commissions are not readily available, user reviews indicate that the costs associated with trading on Emcm can be higher than average. This could impact profitability, especially for frequent traders.

  

Leverage

  Emcm offers leverage, but the specific ratios are not disclosed in the resources reviewed. Traders should exercise caution with high leverage, as it can amplify both gains and losses.

  

Allowed Trading Platforms

  Emcm utilizes the MT5 platform, which is known for its advanced trading features and user-friendly interface. However, the broker only supports PC access, with no mobile or web application available, limiting accessibility for traders who prefer to trade on the go.

  

Restricted Regions

  Emcm primarily targets the Chinese market, which may lead to restrictions for traders in other regions. This limitation can affect the broker's overall reach and client base.

  

Available Customer Service Languages

  Customer service is available in Simplified Chinese, which may not cater to a broader audience. The limited language support can hinder communication for non-Chinese speaking clients.

  

Ratings Revisited

Criteria Rating (Out of 10)
Account Conditions 2
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trustworthiness 1
User Experience 3
Regulatory Compliance 1

  

Detailed Breakdown

  •   Account Conditions: Emcm's lack of regulation and transparency regarding minimum deposits and withdrawal options significantly impacts its rating. Users are advised to approach with caution.

  •   Tools and Resources: While the MT5 platform offers various tools for trading, the absence of mobile support and limited research resources detracts from the overall user experience.

  •   Customer Service and Support: User feedback suggests that customer service response times can be lengthy, and the limited language options may pose challenges for non-Chinese speakers.

  •   Trading Setup (Experience): Although the MT5 platform is robust, the lack of features like two-step authentication raises concerns about security.

  •   Trustworthiness: Emcm's low rating in this category highlights the risks associated with trading with an unregulated broker. Users are urged to conduct thorough research before engaging.

  •   User Experience: Mixed reviews on user experience indicate that while some find the platform user-friendly, others report issues with accessibility and responsiveness.

  •   Regulatory Compliance: The absence of regulation is a significant drawback, as it leaves traders vulnerable to potential fraud and operational risks.

  •   In conclusion, while Emcm may offer certain trading features, the overall consensus from user reviews and expert analysis is that potential clients should exercise caution due to the broker's lack of regulation and transparency. As always, thorough research and due diligence are crucial when selecting a broker.

EMCM review