EmiDeals broker claims to be regulated by numerous financial authorities and based in Palmertown. Unfortunately, this city with the zip code AL5 1SZ doesn’t exist, which led us to ask what else is false about this investment firm. Read our EmiDeals review and find it all out.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Scammers Websites:||Forex Trading Scam|
|Blacklisted as a Scam by:||emideals.com|
|Cryptocurrencies:||Available – BTC, ETH, DASH – total 8|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||US traders are accepted|
Is EmiDeals Regulated? – Why Does It Matter?
EmiDeals is a shady, anonymous brand that claims to operate under CySEC, IFSC, and FSC regulations. When dealing with such companies that give no information, having a license is of utmost importance since it may be your only way to get the money back. Unfortunately, EmiDeals regulations are as fake as the broker itself.
What’s Wrong With A Trading License?
After checking the CySEC register along with the IFSC of Belize and FSC of Mauritius, we found nothing about the EmiDeals forex broker. This means the company is not actually regulated, and considering that headquarters are made up, these licenses are as well. You should not risk your funds with a firm like this, rather find a legitimate one.
Where Is EmiDeals Trading Scam Active?
According to our review, the EmiDeals trading scam is mainly active in Canada, Australia, the UAE, and Turkey. However, other areas are not excluded either, since this firm is based in an unknown place and believes they’re protected from any repulsion. Many had thought so before regulators came after them, so EmiDeals will soon be on one of those long warning lists for sure.
False Claims About Regulation – Beware of Fraud
In the disclaimer, the broker EmiDeals shamelessly stated, “The company operates under the requirements of the Cyprus Securities and Exchange Commission (License number: 258/67), the International Financial Services Commission (IFSC) (14/627/TS/58) and the Financial Services Commission of the Republic of Mauritius (Investment Dealer License Number: C281494583).”
After checking all of the above, we’ve discovered everything is fake, including alleged license numbers.
EmiDeals Trading Platform Review – Trading Software
Sadly, the EmiDeals trading platform corresponds to its reputation – it’s a bad version of a WebTrader. There are no special tools, no special features, and barely a few charts and indicators. There are no installation requirements. However, it cannot compare to the MT4 or MT5. The unregulated leverage goes up to 1:100, while the spread is not disclosed.
Mobile Trading App
There’s no mobile app, so EmiDeals login via mobile has to be done through a web browser. It’s just one more thing to add to the already long list of reasons why you shouldn’t have an account with this fraudulent firm.
What Can You Trade With an EmiDeals Broker?
EmiDeals has a solid range of trading instruments, including:
- Forex (currency pairs)
However, it’s not enough to compensate for the company being illegal, nor for the fact there have been so many EmiDeals complaints about the scam. EmiDeals minimum deposit is incredibly high, as the company requires you to start with $1,000. Don’t go there if you cherish your money.
EmiDeals Withdrawal Issues
All EmiDeals reviews point towards the same issue – withdrawals. Apparently, the broker is not very open to paying clients out, rather just for extorting the money and vanishing. According to reviews, once you open the account, you will get exceptional treatment. Yet, once you decide to ask for the money back, you can expect your account to be suspended and your funds to be lost for good.
Scammed By EmiDeals Broker? – Talk To Our Recovery Experts
If you are a victim of EmiDeals or any other scheme broker, let us know. Don’t let fraudsters run with your hard-earned money. Contact us via online chat to retrieve your funds before it’s too late! We’re waiting for your story!
What Is The EmiDeals Minimum Deposit?
EmiDeals’s minimum deposit is $1,000, which is exceptionally high for a fraudulent firm.
Can I Trade Cryptocurrencies And CFDs With EmiDeals Broker?
Yes, you can trade both crypto and CFDs with EmiDeals broker.
Is EmiDeals a MetaTrader 4 Forex Broker?
No, EmiDeals doesn’t provide you with an MT4, just a plain WebTrader.
Are My Funds Safe With EmiDeals?
As the company is not licensed and conducts fraud, your funds are unsafe.