EmFxProMarkets is a forex CFD broker headquartered in New York, USA, established in 2022. As a private company, it is registered in the United States. The broker offers trading services in financial derivatives such as Forex, cryptocurrencies, and commodity futures contracts (CFDs).
Corporate Background:
EmFxProMarkets is a private company founded in 2022, headquartered in New York, USA, with its specific office address at 60 Laight St #A, New York, NY 10014 United States. This address is identical to that of HobitalOptions.
EmFxProMarkets is a forex CFD broker, committed to providing traders with trading services in financial derivatives such as Forex and cryptocurrencies. Its website domain was registered on May 6, 2022.
Regulatory Status:
EmFxProMarkets claims to be regulated by the United States Securities and Exchange Commission (SEC) and holds a regulatory license number GA00569721. However, in reality, the US SEC has no regulatory records of this broker, which may involve false advertising due to the discrepancy between EmFxProMarkets' claimed regulatory status and the actual situation.
Both EmFxProMarkets and HobitalOptions claim to be regulated by the United States Securities and Exchange Commission (SEC) and provide the same regulatory license number GA00569721. This fact suggests that the two brokers may have used false information to mislead investors.
If a broker claims to be regulated by a specific regulatory body but has no corresponding record, this can be a serious warning sign. Investors should remain vigilant and conduct further investigations and reviews to ensure their investment security.
Trading Products:
EmFxProMarkets offers a variety of trading products, including Forex, cryptocurrencies, and commodity futures contracts (CFDs).
Forex trading involves investors making profits by buying and selling currencies from different countries. EmFxProMarkets offers a series of mainstream and emerging cryptocurrency trading pairs, such as Bitcoin, Ethereum, Litecoin, and others.
Commodity futures contracts (CFDs) are derivatives that allow investors to profit from the price movements of commodity futures without actually purchasing or holding the physical commodity. EmFxProMarkets offers a variety of commodity futures CFDs, including major commodities like gold and crude oil.
For each trading product, EmFxProMarkets does not provide a detailed trading schedule, making it inconvenient for investors to know when they can trade. Investors should be familiar with the characteristics and market rules of each product and understand the relevant trading times and risk warnings before trading.
Account Types:
EmFxProMarkets offers various types of accounts, including STARTER ACCOUNT, BASIC ACCOUNT, BRONZE ACCOUNT, SILVER ACCOUNT, GOLD ACCOUNT, and PLATINUM ACCOUNT.
The STARTER ACCOUNT has a minimum deposit of $500, spread of 3.3 pips, leverage of 1:300, and offers real-time chart support; the BASIC ACCOUNT has a minimum deposit of $3,000, same spread as the STARTER ACCOUNT, but leverage increased to 1:500, and provides all available platforms; the BRONZE ACCOUNT has a minimum deposit of $6,000, spread of 2.2 pips, leverage of 1:700, offering all platforms, real-time chart support, and all education tools;
The SILVER ACCOUNT has a minimum deposit of $20,000, spread of 1.5 pips, leverage of 1:1000, providing all platforms, real-time chart support, all education tools, and technical analysis reports; the GOLD ACCOUNT has a minimum deposit of $50,000, spread of 1.0 pips, leverage of 1:5000, providing all platforms, real-time chart support, all education tools, technical analysis reports, and market update emails; the PLATINUM ACCOUNT has a minimum deposit of $100,000, spread of 0.5 pips, leverage of 1:5000, offering all platforms, real-time chart support, all education tools, technical analysis reports, and market update emails.
How to Open An Account？
Opening a trading account with EmFxProMarkets is relatively simple. Potential clients only need to click on the quick registration link on the website and complete the application form. Once the account team approves it, clients will receive their trading account login details and password via email.
Trading Software:
Although the EmFxProMarkets website provides information about trading products and account types, it does not specify the trading software used. Mainstream trading platforms usually offer investors trading software like MT4 or MT5.
Customer Support:
EmFxProMarkets emphasizes that customer service is its top priority, offering support through email and a specific address to ensure clients receive timely help and support during the trading process.
Leverage Ratio:
EmFxProMarkets offers various account types, from STARTER ACCOUNT to PLATINUM ACCOUNT, each with different minimum deposit amounts, spreads, and leverage ratios. The leverage ratios for the STARTER ACCOUNT and BASIC ACCOUNT are 1:300 and 1:500 respectively, while the BRONZE ACCOUNT, SILVER ACCOUNT, GOLD ACCOUNT, and PLATINUM ACCOUNT have leverage ratios of 1:700, 1:1000, 1:5000, and 1:5000 respectively.
The maximum leverage ratio is 1:5000, applicable to GOLD and PLATINUM accounts. However, while high leverage can increase potential profits, it also comes with higher risks and may lead to rapid depletion of funds in the account.
Conclusion:
EmFxProMarkets is an unregulated broker, and its trading services in Forex, cryptocurrencies, and commodity futures contracts (CFDs) are also unsupervised. The official website of EmFxProMarkets lacks transparency, and information such as trading software, trading hours, and registered address is not disclosed. Investors considering trading with EmFxProMarkets should remain cautious and conduct further investigations and evaluations.
Currently, EmFxProMarkets is marked as "suspected of fraud" on Traderknows.
