eMarkets Trade Review is eMarketsTrade Scam or Legit Broker

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eMarketsTrade

Overview

eMarkets Trade – Is This Broker Platform Scam or Not?
The Truth Exposed in 100% Full eMarketsTrade Review
Sign Up, Deposit + Withdrawal Procedures – See Below!

Details

Broker eMarketsTrade
Official Website URL www.eMarketsTrade.com
Headquarters Rm 101, Maple House 118 High Street, Purley , London, UK, CR8 2AD
Support Number +442034682618
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $2.500
Payout 85%
Demo Account Open FREE Demo NOW
Account Types Bronze, Silver, Gold, Platinum, Diamond
Deposit & Withdrawal Methods VISA, MasterCard, Monero, BitCoin, Dash, Ethereum, LiteCoin, Komodo, Ripple
Account Currency USD, EUR, GBP
Overall Score 9.4/10

Full Review

eMarketsTrade is a newly started online trading broker. According to the official information, it is going to offer to its clients access to the Forex and Cyptocurrency market. To be more specific, the brokerage started its activity in June 2020. It is owned SAS Global Trading Ltd, which is located in the British Virgin Islands. There are full contact details presented on the website of the trading platform, so everyone is able to get in touch with the developing team.

When we started to receive requests from our regular readers, we decided to satisfy their needs and demands by conducting our regular scam research. For the purpose, we fully analyzed and inspected the broker and the services it offers to the user.

The first very interesting specific feature of the platform is that it has been separated into two different trading platforms with different services – CryptoFX and Simplex Crypto.

In the following couple of paragraphs, we are going to provide you with all the interesting and important information regarding the performance and the main characteristics of the brokerage.

Review Verdict: eMarketsTrade is Not a Scam

First Look at The Platform

Here, we would offer you some more details about the 2 different platforms for trading.

  • CryptoFX – this amazing platform allows you to trade directly on the Forex market exchange of cryptocurrencies and traditional currencies. Mos of you should be aware of the fact that this is the biggest market at the moment so you will have countless options when placing your trades. The ensured additional access to the cryptocurrencies trading business is a great bonus that many people will take advantage of. This is expected considering the constantly increasing value of the different digital currencies.
  • Simplex Crypto – this is the simple version of the platform which is absolutely suitable and specially designed for beginners. Its interface is absolutely user-friendly, so you will be set to succeed in your trading experience even if you have zero former knowledge and info.

When starting to search for a reliable online broker to work with, one should closely inspect the situation with the customer support service. It should be professional and timely, otherwise, investors may lose a great amount of their invested Funds. Thankfully, the customer support care provided by eMarkets Trade is exceptional and absolutely reliable.

Account Types

As we expected, the developing team behind the Forex and crypto trading broker has prepared a wide range of available account types. You should select your preferred tier in accordance with your personal goals and experience.

  • Bronze Chain – the basic account type can be unlocked with an initial deposit amount of € 250, however, specialists recommend to start with a more significant number to boost your results from the very beginning.
  • Silver Chain – you will need at least € 5,000 to unlock this account type. In return, you will receive a Personal Chain Manager, Risk Management Team, etc.
  • Gold Chain – for this tier you will have to invest € 10,000 or more. You will then get the right to withdraw without paying a fee, a welcome bonus, and more.
  • Platinum Chain – the access to the account will cost you € 50,000. Still, you will get some premium features such as a Personal Coach, Live Trading Session, etc.
  • Diamond Chain – the most professional account needs € 100,000 initial deposit. In return, you will also unlock for yourself access to the top premium services which include Executive Crypto Indicator, Customized Crypto Package, and a Diamond Chain Bonus.

eMarkets Trade – Is It a Scam or Not?

Based on the results we generated from our conducted research we can say that eMarkets Trade is a 100% legit and trustworthy Forex and cryptocurrency trading broker. It has all the needed tools to provide its clients with outstanding performance, timely assistance, and satisfying results.

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Review Verdict: eMarketsTrade is Not a Scam

A great proof for all this is the great number of positive user testimonials that are available in the Internet space. Not to mention the fact that the other reviews for the broker are positive, too. This is why we seriously advise you to consider joining the trading tool to achieve your goals.

Conclusion

As you can see from our review so far, it is more than obvious that the eMarkets Trade broker is absolutely reliable, authentic, and legit. This is why we are sure that all the people who make up their mind and join the platform will achieve the desired results in no time. Opt for this trading tool and you won’t regret it.

eMarketsTrade Review

EMarketsTrade

Reason to avoid: No license

Listed Date: December 28, 2020

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Beware eMarketsTrade is a Non-Regulated broker. It is NOT SAFE to trade.

  • Company name: Kalessica
  • Registration/license: None
  • Registration/license requirement: –

eMarketsTrade is a Forex, CFDs and cryptocurrency broker. The company is owned and operated by Kalessica that claims to be located in Cyprus. According to the information on the website, the company is not just based in Cyprus, but it is also regulated there by the Cyprus Securities and Exchange Commission (CySEC) under registration number 380321. However, there is no such entity registered with the regulator. The broker provides different contact numbers with phone codes of the UK, Italy, and Germany. It usually means that the company is targeting residents of those countries, but eMarketsTrade is not authorized to provide financial services in any of the mentioned or other countries.
Moreover, the UK’s regulator Financial Conduct Authority has recently issued a warning against eMarketsTrade and Kalessica:
“This firm (Kalessica t/a emarketstrade.com) is not authorised by us and is targeting people in the UK. Based upon the information we hold, we believe it is carrying on regulated activities which require authorisation.”

It is clear that traders should stay away from unregulated entities such as eMarketsTrade, especially when they use fake registration information to get clients’ trust. We strongly advise you to only deal with financial firms that are authorised by reliable regulators like FCA in the UK or CySEC in Cyprus. You can always check the registers of the authorized brokers on their website to ensure that the company you want to invest with is properly regulated. Check the list of the CySEC-regulated brokers.

IC Markets Review 2020

Summary

Recommended for forex traders who value easy account opening and free deposit/withdrawal options

IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IC Markets pros and cons

IC Markets has low forex fees. It has also an easy and fast account opening process, while depositing and withdrawals are free and user-friendly as well.

IC Markets does not provide any investor or negative balance protection. It has a limited product portfolio, offering only forex, some CFDs, and crypto.

Pros Cons
• Low forex fees • No investor protection
• Easy and fast account opening • No negative balance protection
• Free deposit and withdrawal • Only forex, CFD and crypto trading
IC Markets main features and highlights
��️ Country of regulation Australia
�� Trading fees class Low
�� Inactivity fee charged No
�� Withdrawal fee amount $0
�� Minimum deposit $200
�� Time to open an account 1 day
�� Deposit with credit card Available
�� Depositing with electronic wallet Available
�� Number of base currencies supported 10
�� Demo account provided Yes
��️ Products offered Forex, CFD, Crypto

Gergely Korpos

Author of this review

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

IC Markets review
Fees

IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.

Pros Cons
• Low trading fees • High financing rate for CFDs
• Low non-trading fees
• Low forex fees
IC Markets fees snapshot
Assets Fee level Fee terms
EURUSD Low MetaTrader 4 Raw account pricing: $3.5 per lot
GBPUSD Low MetaTrader 4 Raw account pricing: $3.5 per lot
S&P 500 CFD Low The fees are built into spread, 0.6 is the average spread cost.
Inactivity fee Low No inactivity fee

We ranked IC Markets’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below you will find the most relevant fees of IC Markets for each asset class. For example, in the case of forex and stock index trading spreads, commissions and financing rates are the most important fees.

We also compared IC Markets’s fees with those of two similar brokers we selected, Pepperstone and Fusion Markets. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of IC Markets alternatives.

To have a clear overview of IC Markets, let’s start with the trading fees.

IC Markets trading fees

IC Markets trading fees are low. There are different cost structures for different account types. We tested the True ECN cTrader account, which charges a commission but offers tight spreads.

We know it’s hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments in each asset class usually provided by the forex brokers:

  • Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
  • Stock index CFDs: SPX and EUSTX50

A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:

  • 30:1 for forex
  • 20:1 for stock index CFDs

This catch-all benchmark fee includes spreads, commissions and financing costs for all brokers. Let’s see the verdict for IC Markets fees.

Forex fees

IC Markets forex fees are generally low, but in line with its main competitors.

Forex benchmark fees of a $20,000 30:1 long position held for one week

IC Markets Pepperstone Fusion Markets
EURUSD benchmark fee $15.8 $14.9 $12.8
GBPUSD benchmark fee $12.1 $12.5 $9.4
AUDUSD benchmark fee $10.6 $11.9 $7.4
EURCHF benchmark fee $4.8 $3.7 $2.0
EURGBP benchmark fee $9.9 $10.6 $7.0

CFD fees

IC Markets has generally low CFD fees.

CFD fees for a $2,000 long position held for one week

IC Markets Pepperstone Fusion Markets
S&P 500 CFD benchmark fee $2.5 $1.7 $1.7
Europe 50 CFD benchmark fee $1.9 $1.6 $2.2

The fees of stock index CFDs are built into spreads.

On the negative side, the financing rates are high.

IC markets annual financing rates

IC Markets Pepperstone Fusion Markets
S&P 500 CFD financing rate 5.8% 3.9% 4.0%
Europe 50 CFD financing rate 2.7% 2.0% 3.4%

Non-trading fees

IC Markets has low non-trading fees. There are no inactivity, account or withdrawal fees, similar to its main competitors.

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