Emd Forex Review: Today, we take a look at EmdForex Forex broker. This review takes an in-depth look at the features the broker (EmdForex.com) allegedly offers. Not only that, but this review also covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review to see what we and other experts have to say about EmdForex.
Table of Contents
EmdForex Trading Platform
This broker claims it offers the MT5 trading platform, all the while offering leverages capped at 1:500.
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High leverages are a double-edged sword in the sense that a trader can make a huge profit if the trade falls in the right place, but that also means that the trader can also lose a huge sum if the reverse is the case. Regulatory bodies have put a cap on leverages for brokers. But unregulated brokers lack this Capped leverage. We do advise restraint if you ever come upon a broker with leverage exceeding 1:30, especially if you are new to the market.
EmdForex Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea how a broker might work.
After checking, we discovered that this broker has.
EmdForex Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
Credit/Debit cards, Wire Transfers.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is EmdForex Licensed?
Licensing is another important part because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates said brokerage.
This broker claims to be in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body. The government of the SVG has stated in the past it does not regulate any form of forex trading.
No, this broker is not a licensed brokerage.
While SVG has no regulatory body, recently the government of Saint Vincent and the Grenadines has claimed that it is planning a complete reformation of the nation’s FX and CFD regulatory grounds. We don’t know when they will do this, but we are expecting SVG to pick up the slack and begin enforcing a set of rules to its broker’s firms, which for now are mostly SCAMMERS.
To get a better understanding of how brokers(both licensed and unlicensed) work, read our review on GrandeFX Trading,Cache Coin, AximTrade, MskFinance.
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Accounts
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
TOP CHOICE BY TRADERS
Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We usually don’t recommend any Saint Vincent and the Grenadines’ broker to our readers, and this broker isn’t any different.
This broker is not licensed, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
EMD FOREX IS A SCMA THEY ARE FRAUDS!! THEY WILL ENSURE THAT YOUR ACCOUNT WILL BE WASHED OFF! PLEASE DO NOT INVEST ANYTHING WITH THEM, THEY ROBBED 21K USD OF MY MONEY! THEY ARE NOT REGULATED FOREX TRADING PLATFORM DO NOT INVEST WITH THEM!!!!! THEY WILL CHEAT YOU AND BLAME THE MARKET THEIR RMS ARE ALL FRAUDS! AND ALL THEY DO IS TAKE MORE MONEY AND NEVER GIVE YOU ANY PROFITS! ITS ALL A SCAM!!!!!
EMD FOREX IS A SCMA THEY ARE FRAUDS!! THEY WILL ENSURE THAT YOUR ACCOUNT WILL BE WASHED OFF! PLEASE DO NOT INVEST ANYTHING WITH THEM, THEY ROBBED 21K USD OF MY MONEY! THEY ARE NOT REGULATED FOREX TRADING PLATFORM DO NOT INVEST WITH THEM!!!!! THEY WILL CHEAT YOU AND BLAME THE MARKET THEIR RMS ARE ALL FRAUDS! AND ALL THEY DO IS TAKE MORE MONEY AND NEVER GIVE YOU ANY PROFITS! ITS ALL A SCAM!!!!!
EMD FOREX IS A PROPER SCAMMING COMPANY RUN BY INDIANS! ONE OF THEIR BRAIN CHILD IS BABJO POTHANI! They Make you invest with them and they will make sure your account is washed away!! Earlier they were called DIGIBITS and now EMD FOREX and this will change in time. THEY ROBBED ME OFF 21KUSD. Their RMs are all well trained Theives. They will gain your trust and make you invest more and once done they will wash out your AC. Their trading platform is fake. Their Portals are FAKE. DO NOT INVEST WITH THEM! Many have lost money with EMD FOREX!!!! They operate in UAE, India and many other places!!!! THEY ARE 10000000%%%% FRAUDS AND SCAMMERS! DO NOT INVEST ! PLEASE REPORT EMD- FOREX!!!!!!
Thank you for taking out time to reach us and sorry for your lost, We regret to know you’ve experienced such an issue and hardship where you try and make some trade and option to do investment trading and you end up running into loses with companies guilty of embezzling and depriving investors of their money and profits sadly that how the trading world is now it what it turned into but there a way out and that by you getting to recover all your lost funds back, your profits included and probably charge them with a lawsuit for Illegal Embezzlement of funds. All this can be done by contacting HARPER JAMES via:
( harperjamesplatform @ gmail . com )
Thank you for taking out time to reach us and sorry for your lost, We regret to know you’ve experienced such an issue and hardship where you try and make some trade and option to do investment trading and you end up running into loses with companies guilty of embezzling and depriving investors of their money and profits sadly that how the trading world is now it what it turned into but there a way out and that by you getting to recover all your lost funds back, your profits included and probably charge them with a lawsuit for Illegal Embezzlement of funds. All this can be done by contacting HARPER JAMES via:
( harperjamesplatform @ gmail . com )
WDCMARKETS is a big scam, I invested a lot of money in this company and everything was going good until I said I wanted to withdraw and all my money was gone. I paid 240,000 Euros, they won’t allow me to withdraw any of my money out, I email them everyday, once you put money in, you can’t get it out. I finally was able to get my money back with the help of a recovery chargeback service done by ([email protected]). His reliable chargeback firm, you can contact him if you need, He can help you get your life back like he did for me, I guess this information may be useful.