Emporio Trading Review
Reason to avoid: Offshore License
Listed Date: December 19, 2018
Top 3 Regulated Forex Brokers
Beware Emporio Trading is an Offshore-Licensed Broker. It is NOT SAFE to trade.
Emporio Trading LTD. Emporio Trading.
Registration Address/ License:
Vanuatu. Offshore License, No Regulation.
Emporio Trading is a trading provider that offers an STP execution through a range of assets and market-leading platform MetaTrader4. The broker mentions their worldwide, internationally recognized business position, while the company serves hundreds of thousands of traders from Europe, Asia, and Latin America.
However, once we got closer to the points about Emporio Trading the facts revealed that the company first of all located and established in offshore zone Vanuatu. As general advice we do not recommend trading with offshore brokers, as recently offshore brokers naturally most often scammers, or poorly funded companies that can easily establish their business only in a location like Vanuatu and perform their dim businesses. The registration of such a brokerage requires only 2,000$ while no further overseeing of operation or service follows. Therefore, an offshore zone is a perfect place, with no strict regulation and easy legislation that attracts and produces many frauds.
In addition, the Emporio Trading, in particular, indicated shady performance and service as the traders respond and reviews shows, while the main target of the broker is residents of Latin America.
Considering the fact and in comparison to other industry offerings, for instance, Emporio Trading does not provide a good point, specifically to the fact that one brokerage established in an offshore zone and overseen by no one. Therefore, the trader is never assured how his funds are managed, what to expect and what to do in case of any problems appeared. The funds’ security always stands first, thus it is advised to choose among the companies that set regulation requirement in place. For instance, CySEC or FCA Forex Brokers mandated to segregate clients funds from the company money, participate into compensation scheme and regularly report on every operation.