Score
EMRFX
United Kingdom|5-10 years| http://www.emrfxtrader.com/en
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed EMRFX also viewed..
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Website
emrfxtrader.com
Server Location
Hong Kong
Website Domain Name
emrfxtrader.com
Server IP
156.255.2.196
Company Summary
General Information & Regulation
EMRFX is a Forex broker, targeting the Chinese market. EMRFX is not currently subject to any effective regulation.
Market Instruments
Investors can trade currency pairs in the foreign exchange market on the EMRFX platform. Other than that, EMRFX does not provide information on other tradable assets.
Minimum Deposit
EMRFX offers only one standard account to all investors. The minimum deposit requirement is not fully disclosed.
EMRFX Leverage
In terms of trading leverage, and maximum trading leverage offered by EMRFX is mentioned. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
The spreads on EMR FX's standard accounts start at 4 pips, much higher than the industry standard. Most legit brokers offer spreads of 1.0 to 1.5 pips on the EURUSD standard account.
Trading Platforms
EMRFX claims to provide traders with the most popular MT4 trading platform, but after a simple test, we found that the MT4 login page is always in error, which shows that MT4 is just false propaganda of EMRFX.
EMRFX Cons
EMRFX Disadvantages Include:
1. No regulation
2. Only one type of account offered
3. False advertising of the MT4 trading platform
4. High spreads
5. No information on the way to enter and exit the funds
6. ID required for demo accounts, pretty cumbersome
7. Not providing information on leverage
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX2934714684
Vietnam
I deposited $7,000. But since my 0.8 lot became 1.2 lot and my position was wiped out. Pay attention
Exposure
2021-03-01
FX3623565537
Vietnam
I applied for withdrawal while my account has been locked. I emailed them but there is no response.
Exposure
2020-12-23
Nguyễn Văn Hạnh
Vietnam
Don't listen to their expalanations. I made a loss with 0.1 lot and lost several thousand dollar.
Exposure
2020-09-22
FX1533089971
Vietnam
The salesman of EMRFX is a fraud. I'm not allowed to withdraw when I made a loss.
Exposure
2020-08-24
Hoàng Anh
Vietnam
This is my friend’s account. He deposited 9000 including bonus. But EMRFX withheld his fund and raised the margin into 300%, causing forced liquidation.
Exposure
2020-05-20