EMXpro is a financial trading platform established on July 16, 2020, with its corporate registration date being September 16, 2019. It claims to be regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) under company number 25592 BC 2019. Although the platform offers a variety of trading products and account types, there are doubts about the reliability of its regulatory information, as it does not directly regulate financial derivatives. EMXpro's website is: https://www.emxpro.com/
Corporate Background of EMXpro:
EMXpro claims to be registered and regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA). However, it should be noted that the Saint Vincent FSA does not directly disclose registered BC business companies and does not regulate financial derivatives. Hence, the platform effectively lacks valid regulation.
Regulatory Information of EMXpro:
The platform claims to be registered and regulated by the Saint Vincent FSA, but please note that the Saint Vincent FSA does not directly disclose registered BC business companies and does not regulate financial derivatives! The platform has no valid regulation.
Account Registration Process for EMXpro:
Registration:
- Visit the EMXpro website and click the "Register" button.
- Fill out the registration form, entering full name, contact information, and address.
- Create a password and select the account type (Standard, Advanced, VIP).
Verification:
- Submit scanned copies of ID proof (passport or driver's license) and address proof (utility bill or bank statement).
- Follow platform instructions to submit documents and wait for approval confirmation.
Deposit:
- Log in to the new account and navigate to the "Deposit" section.
- Choose a deposit method (bank transfer, credit card, e-wallet) and follow the instructions to transfer funds.
- Ensure that the minimum deposit requirement is met.
Trade:
- Once the account is funded, access the trading platform.
- Familiarize yourself with the platform's features and assets.
- Develop a strategy and execute trades.
- Make sure to read the terms and conditions, be aware of trading risks, and ensure compliance with regulatory requirements.
Account Types offered by EMXpro:
EMXpro offers three types of trading accounts to cater to different investors, each designed for varying levels of experience and financial commitment.
Standard Account:
- Minimum Deposit: $100
- Spread: EUR/USD from 1.8, XAU/USD from 3.5
- Leverage: Up to 1:400
- Lot Size: 0.01 to 10
- Suitable for: Beginner or casual traders
Advanced Account:
- Minimum Deposit: $5000
- Spread: EUR/USD from 1.4, XAU/USD from 3.0
- Leverage: Up to 1:400
- Lot Size: 0.01 to 10
- Suitable for: Experienced traders seeking lower spreads
Prestige Account:
- Minimum Deposit: $50000
- Spread: EUR/USD from 0.9, XAU/USD from 2.5
- Leverage: Up to 1:100
- Lot Size: 0.01 to 10
- Suitable for: Advanced traders who focus on optimal trading conditions and the lowest spreads
These account types offer flexible options for traders at different levels to engage in trading based on their experience and financial needs.
Trading Platform of EMXpro:
EMXpro's trading platform, Eunify - Yinghuang, features a user-friendly interface that integrates trading accounts and functionalities. It offers quick biometric authentication, robust charting, multiple time frames, analytical tools, and flexible deposit and withdrawal options. Eunify - Yinghuang supports round-the-clock online trading of global indices, forex, energy, and precious metals, combining transparent quotes and ultra-fast execution to minimize trade latency.
Trading Products of EMXpro:
EMXpro offers a variety of trading assets, including forex, precious metals, energy, and indices. In the forex market, traders can access major currency pairs like EUR/USD, USD/JPY, and GBP/USD, but access to less common or exotic currencies is limited. In terms of precious metals, gold (XAU/USD) and silver (XAG/USD) are available. The energy category includes WTI and Brent crude oil but does not offer natural gas or heating oil. Index trading covers major indices like the S&P 500 and FTSE 100. Traders should carefully evaluate these trading assets to ensure the platform meets their investment goals and preferences.
Spreads, Leverage, and Commissions at EMXpro:
EMXpro offers varying spreads and leverage across different account types. The maximum leverage for Standard and Advanced accounts is 1:400, suitable for beginners and intermediate traders, while the Prestige account offers a maximum leverage of 1:100, suitable for more experienced traders, providing more conservative risk management. In terms of fees, the EUR/USD spread for the Standard account starts at 1.8 pips, and the XAU/USD starts at 3.5 pips; for the Advanced account, the EUR/USD spread starts at 1.4 pips, and the XAU/USD starts at 3.0 pips; the Prestige account offers an EUR/USD spread from 0.9 pips and XAU/USD from 2.5 pips. Traders should choose the appropriate account type based on their experience and trading volume to achieve the best trading conditions.
Deposit and Withdrawal Methods at EMXpro:
EMXpro offers various deposit methods, including Alipay, WeChat Pay, UnionPay, USDT (Tether), and wire transfer, but does not accept cash deposits to ensure digital and secure transactions. The platform does not charge deposit fees, but intermediary banks may charge transaction fees; traders are advised to consult their banks for specific details.
Withdrawal:
- Withdrawals are free of charge if margin usage equals or exceeds 50% of the deposit amount.
- If margin usage is less than 50%, a 6% fee applies to withdrawals.
Customer Support at EMXpro:
Email:cs@emxpro.com
Phone: +86 4008422808
Conclusion:
EMXpro offers a diverse range of trading products and flexible account options designed to meet the needs of different investors. However, due to the platform's lack of transparent regulatory information, investors should exercise caution when choosing this platform and prioritize those with clear regulatory oversight and reliable customer support. EMXpro is currently listed as "Non-Regulations" on TraderKnows.
