eMarketsTrade Review

Is eMarketsTrade Scam or Legit Broker?

It is not safe to trade with eMarketsTrade, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is eMarketsTrade?

eMarketsTrade is a Forex, CFDs, and cryptocurrency broker. The company is owned and operated by Kalessica which 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 in 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 authorized 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 authorization."

• The pages and official sources of the international regulators’ list alert are shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and the general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities, and more. As eMarketsTrade got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.

eMarketsTrade Review Conclusion

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 deal only with financial firms that are authorized by reliable regulators like FCA in the UK or CySEC in Cyprus. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.

eMarketsTrade Update

Based on our research, the eMarketsTrade website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.