EmpiresX Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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I have made a couple of withdrawal requests and all have been rejected, it's now 3weeks and they are rejecting my requests, I told them I'm no longer interested to trade with them but they keep telling me about the active bonus......
This empiresx review shows a deeply concerning picture of a trading platform. Regulatory authorities have exposed it as a fraudulent operation. EmpiresX positioned itself as a cryptocurrency and forex trading platform, but it has received an extremely poor user rating of 1/100. Users have made widespread complaints about withdrawal rejections and service failures. The platform has been the subject of SEC enforcement actions. Court documents reveal it operated as a global cryptocurrency-based Ponzi scheme that collected approximately $100 million from investors. Key issues include systematic withdrawal request denials. Users report weeks of rejected requests despite clear intentions to stop trading activities. The platform mainly targeted investors seeking opportunities in forex and cryptocurrency markets. However, it has been clearly identified as a fraudulent scheme rather than a legitimate trading service.
Important Notice: Potential users should exercise extreme caution due to the complete absence of regulatory compliance information and overwhelming evidence of fraudulent activities. This evaluation is based on official regulatory findings, court documents, and extensive user feedback documenting systematic fraud and service failures.
| Criteria | Score | Evaluation Basis |
|---|---|---|
| Account Conditions | 1/10 | No legitimate account information available due to fraudulent nature |
| Tools and Resources | 2/10 | Limited information available; platform focused on deception rather than tools |
| Customer Service | 1/10 | Systematic withdrawal denials and unresponsive support |
| Trading Experience | 1/10 | Users report negative experiences and inability to access funds |
| Trustworthiness | 1/10 | Confirmed fraud scheme by SEC and court proceedings |
| User Experience | 1/10 | Extremely poor user rating of 1/100 with widespread complaints |
EmpiresX presented itself as a cryptocurrency and forex trading platform. It claimed to offer investment opportunities through proprietary trading technology. However, court documents and SEC investigations have revealed that the platform operated as an elaborate fraudulent scheme rather than a legitimate trading service. The operation was structured as a global cryptocurrency-based Ponzi scheme. It successfully collected approximately $100 million from unsuspecting investors worldwide.
According to official court filings, Joshua David Nicholas served as the "Head Trader" for EmpiresX and pleaded guilty to conspiracy to commit securities fraud. The scheme involved making numerous misrepresentations about proprietary trading bots. It also fraudulently guaranteed returns to investors. Rather than engaging in legitimate trading activities, the platform operated by using new investor funds to pay earlier investors. This followed the classic Ponzi scheme structure. This empiresx review must emphasize that the platform was never a legitimate trading service but rather a sophisticated fraud operation designed to deceive investors.
The platform targeted investors interested in cryptocurrency and forex trading opportunities. It presented itself with professional marketing materials and promises of guaranteed returns. However, the SEC's final judgments against the operators confirm that all promotional activities were part of an elaborate deception. This deception was designed to attract and retain investor funds without providing legitimate trading services.
Regulatory Status: EmpiresX operated without proper regulatory oversight. This should have been a significant red flag for potential investors. The platform has been subject to SEC enforcement actions, with final judgments obtained against its operators for running a fake trading scheme.
Deposit and Withdrawal Methods: Specific information about deposit methods was not detailed in available documentation. However, withdrawal processes have been a major source of user complaints, with systematic rejection of withdrawal requests reported by users.
Minimum Deposit Requirements: Exact minimum deposit amounts were not specified in available materials. The platform successfully collected substantial sums from individual investors.
Bonuses and Promotions: User reports indicate the platform used "active bonus" promotions as excuses to prevent withdrawals. This suggests these were tools for fund retention rather than legitimate promotional offers.
Trading Assets: The platform claimed to offer cryptocurrency and forex trading opportunities. Evidence suggests these were not legitimate trading services but rather components of the fraudulent scheme.
Cost Structure: Detailed information about spreads and commissions was not available. This is likely because the platform did not engage in legitimate trading activities that would require transparent fee structures.
Leverage Options: Leverage information was not specified in available documentation. This is consistent with the platform's fraudulent rather than legitimate trading nature.
Platform Options: Specific trading platform details were not provided in available materials. This suggests the focus was on fund collection rather than providing functional trading tools.
Geographic Restrictions: Information about geographic limitations was not detailed in available sources.
Customer Support Languages: Specific language support information was not mentioned in available documentation. Users reported communication difficulties during withdrawal attempts.
This empiresx review must note that many standard broker details are unavailable because EmpiresX was not operating as a legitimate trading platform. It was operating as a fraudulent investment scheme.
The account conditions at EmpiresX cannot be evaluated using standard trading platform criteria. The service was fundamentally fraudulent in nature. Rather than offering legitimate trading accounts, the platform operated as a Ponzi scheme designed to collect investor funds without providing real trading opportunities. Users who believed they were opening trading accounts were actually becoming victims of an elaborate fraud scheme.
Available information suggests that the account opening process was designed to appear legitimate. It actually served the purpose of collecting personal information and funds from unsuspecting investors. The platform likely presented professional-looking account setup procedures to maintain the illusion of legitimacy. However, these were merely facades for the underlying fraudulent operation.
User feedback indicates that once funds were deposited, account holders faced systematic barriers to accessing their money. Withdrawal requests were consistently rejected regardless of account status or trading activity. This empiresx review emphasizes that what appeared to be account management was actually fund retention tactics employed by the fraudulent scheme.
The absence of legitimate account conditions information reflects the platform's true nature as a fraud operation rather than a genuine trading service. This makes any evaluation of traditional account features impossible and irrelevant.
EmpiresX claimed to offer proprietary trading technology. This included automated trading bots that would generate guaranteed returns for investors. However, court documents reveal that these representations were entirely fraudulent, with no legitimate trading tools or resources actually provided to users. The platform's marketing materials likely described sophisticated trading algorithms and market analysis tools. These were fictional components of the deceptive scheme.
According to official findings, the purported proprietary trading bot was one of the key misrepresentations used to attract investors to the fraudulent platform. Rather than developing or providing legitimate trading tools, the operators focused their efforts on creating convincing marketing materials. They also maintained the appearance of a functional trading environment.
The platform received a minimal score in this category only because it did maintain some form of user interface that created the illusion of trading activity. However, any tools or resources presented to users were designed to support the fraudulent scheme rather than provide legitimate trading functionality. Educational resources, if any were provided, would have been similarly misleading. They were designed to encourage further investment rather than genuine market education.
This analysis must emphasize that EmpiresX did not operate as a legitimate trading platform. This makes evaluation of its tools and resources fundamentally different from assessing genuine broker services.
Customer service at EmpiresX appears to have been primarily focused on preventing withdrawals and encouraging continued investment. It was not focused on providing legitimate support services. User complaints consistently report that withdrawal requests were systematically rejected, with customer service representatives providing various excuses and delays rather than processing legitimate requests.
According to user feedback, when investors expressed their desire to stop trading and withdraw their funds, customer service representatives would redirect conversations. They would focus on "active bonus" promotions and other incentives designed to retain funds within the platform. This behavior is consistent with the platform's operation as a fraudulent scheme rather than a legitimate trading service.
The three-week delays in processing withdrawal requests, as reported by users, demonstrate a complete failure of customer service standards. These standards are expected from legitimate financial service providers. Rather than addressing user concerns and facilitating normal account operations, the support system was designed to create obstacles and maintain control over investor funds.
Response times and service quality were apparently adequate when encouraging deposits or additional investments. However, they became unresponsive and obstructive when users attempted to access their funds. This pattern of selective responsiveness is characteristic of fraudulent operations and represents a complete failure of legitimate customer service standards.
The trading experience at EmpiresX was fundamentally deceptive. The platform did not provide legitimate trading services despite maintaining the appearance of market access. Users believed they were engaging in cryptocurrency and forex trading, but were actually participating in a fraudulent scheme. This scheme used their funds for Ponzi payments rather than market investments.
Any trading interface provided to users would have been designed to create the illusion of market activity. It actually served the needs of the fraudulent operation. Court documents indicate that rather than executing trades in financial markets, the platform operators were using new investor funds to pay returns to earlier investors. This followed the classic Ponzi scheme structure.
User feedback suggests that while the platform may have displayed trading activity and account balances, these were likely fictional representations rather than actual market positions. The inability of users to withdraw funds confirms that any apparent trading profits were not backed by legitimate market activities or real asset holdings.
Platform stability and functionality would have been secondary considerations for operators. They focused on maintaining the fraudulent scheme rather than providing genuine trading services. The trading experience was designed to appear legitimate long enough to attract and retain investor funds rather than to provide actual market access or trading opportunities.
EmpiresX has been definitively identified as a fraudulent operation through official regulatory action and court proceedings. It earns the lowest possible trustworthiness rating. The SEC has obtained final judgments against the platform's operators for running a fake trading scheme, while criminal proceedings have resulted in guilty pleas from key personnel involved in the fraud.
The platform operated without legitimate regulatory oversight. This should have been a significant warning sign for potential investors. Rather than seeking proper licensing and compliance with financial regulations, the operators focused on creating the appearance of legitimacy while actually running a sophisticated Ponzi scheme.
Court documents reveal that the platform collected approximately $100 million from investors through systematic misrepresentation and fraudulent promises of guaranteed returns. The guilty plea of the "Head Trader" Joshua David Nicholas to conspiracy to commit securities fraud provides official confirmation of the platform's criminal nature.
The complete absence of legitimate business operations, combined with the systematic deception of investors and the inability of users to access their funds, demonstrates a total failure of trustworthiness. This empiresx review must emphasize that the platform was designed from inception as a fraudulent scheme rather than a legitimate trading service. This makes any consideration of trust impossible.
User experience at EmpiresX was characterized by systematic deception and ultimate financial loss. This resulted in an extremely poor user rating of 1/100. Users initially may have experienced professional-appearing interfaces and responsive service when making deposits, but this positive experience was designed to facilitate the fraudulent scheme rather than provide genuine value.
The user journey typically involved initial satisfaction with apparent account setup and trading activity. This was followed by growing frustration when attempting to access funds or withdraw profits. User complaints consistently describe weeks of rejected withdrawal requests and unresponsive customer service when attempting to recover invested funds.
The interface design and platform functionality, while potentially appearing professional, were ultimately tools of deception rather than genuine trading infrastructure. Users who believed they were engaging with a legitimate trading platform were actually interacting with a sophisticated fraud operation. This operation was designed to retain their funds indefinitely.
Common user complaints focus on the inability to withdraw funds, rejection of legitimate requests, and the use of promotional bonuses as excuses to prevent account closures. The user experience was designed to maximize fund collection and retention while minimizing actual service delivery. This resulted in widespread dissatisfaction and financial loss among platform users.
This comprehensive empiresx review reveals a platform that operated as a sophisticated fraudulent scheme rather than a legitimate trading service. With confirmed SEC enforcement actions, criminal guilty pleas from key operators, and systematic user complaints about withdrawal denials, EmpiresX represents a clear example of investment fraud. It successfully deceived investors out of approximately $100 million.
The platform is not suitable for any type of investor, as it was designed from inception to defraud rather than serve users. While it may have initially appeared to offer cryptocurrency and forex trading opportunities, official investigations have confirmed that all operations were fraudulent in nature. The primary disadvantages include complete inability to access invested funds, systematic rejection of withdrawal requests, and operation as a Ponzi scheme. This scheme used new investor funds to pay earlier investors rather than engaging in legitimate trading activities.
Potential investors should avoid EmpiresX entirely and seek properly regulated, legitimate trading platforms for their investment needs.
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