Reason to avoid: No License
Listed Date: October 29, 2018
Top 3 Regulated Forex Brokers
Beware Eminage is a Non Licensed Broker. It is NOT SAFE to trade.
- Company name:
Crypto Funds Europe Ltd. Eminage.
- Registration Address/ License:
London, Shanghai, Malta, Iceland. No License, No Regulation.
Eminage is the leader of trading platforms in the cryptocurrency market, the founders have put their knowledge and experience in the market at clients disposal to provide an easy-to-use and secure platform, as claimed on the company website. The company also claims their offices and agencies in major global cities, including London, Shanghai, Malta, Iceland and soon opening of France offices. However, it is not clear where the broker is registered and it is obvious that there is no any regulatory body that oversees Eminage.
As a member of the European Securities and Markets Authority (ESMA) and of the International Organization of Securities Commissions (IOSCO), the Spain CNMV regularly receives alerts issued by foreign securities regulators on general topics of interest to investors. Therefore, the originally issued by the France AMF warning against Eminage company was spread around through various publications, followed by Belgium and set of other countries.
“The Autorité des marchés financiers (AMF) is warning the public against Tallinex company proposing atypical investments without being authorized to do so”
The warning concerns about Eminage trading offering while the residents and potential investors were alerted of dealing with Forex trading and cryptocurrency business specifically through the firms that considered to be scams.
The main issue while dealing with a non-authorized firm is that most often the trader will deposit money, while further the funds either will be lost due to some “trading circumstances” or the broker will skip any obligation to withdraw funds. For that reason, we do not recommend ever to trade with an offshore or the unregulated broker, and to choose among those companies who comply with the set of international customer protecting rules and are Regulated Forex Brokers.