Emarket 24 is such a typical textbook scam that will make you laugh. The poorly designed website doesn’t have anything to capture your attention, so they had to hire an actor to fake a smile so you won’t feel too uncomfortable. Otherwise very stereotypical and lacking the basic company information, it’s like Emarket 24 creators had their capacity for creativity surgically removed.
The website still doesn’t fail to advertise undefined but, from their words, very attractive trading conditions, platform, accounts and environment as a whole. Whatever their offer was, they still need a license to make it credible. Emarket 24 has none. Read about this and other circumstances of their conduct in our Emarket 24 review.
It doesn’t matter what kind of an offer a broker places. It may be the best sounding one ever, but if the firm is not recognized as legitimate by a Tier 1 regulator, it’s all worthless.
Emarket 24 claims to be a Cyprus-based, award-winning, and a popular brokerage company with the best offer on the market. However, they lack recognition from the jurisdictional authorities first. CySEC is the leading watchdog of the financial market in Cyprus.
The institution is known as one of the EEA harshest licensing agencies with some of the highest requirements. Since the regulator diligently keeps track of their authorized and blacklisted entities, we could easily check if Emarket 24 appears anywhere in the registers. It turns out that CySEC is completely unfamiliar with this broker, meaning that they may as well be lying about the address while being located offshore.
Potentially fake Cyprus address wasn’t the only hint about this broker’s illegal status. The phone number given on the website belongs in the UK. But the registers of FCA also returned negative search results for Emarket 24. Just in case, we went through several more databases – BaFin, FINMA, ASIC, NFA and CONSOB. None of them had intel on Emarket 24.
Not having a Tier 1 license suggests the broker not safe-keeping the deposits through segregated bank accounts. Illegal brokerage houses also invest little in security measures, compensation funds and overall privacy protection. With a tendency not to limit the leverage to 1:30, illicit firms push you into greater risks that result with even bigger loss than initial deposit because of no negative balance protection.
Because Emarket-24 is so new to the market, the online world didn’t have a chance to fully learn about it just yet. However, we’re certain that will soon change, when traders start discovering what a rotten scammer this firm is. Due to all the mentioned, at the time of writing this review, their TrustPilot profile only had several reviews posted. But that isn’t the concerning circumstance. What had us worried is that all the reviews were positive. It means that the investors have already started depositing here, or it could be that Emarket-24 is simply paying for the forged reviews to leave a better impression.
Either way, the opinions we’ve read on there do not seem in the least credible or honest, but rather generated and artificial. So, it is better to check with the authorities and relevant institutions about the broker’s credibility than jumping to conclusions based on what strangers online say.
Being completely non-transparent yet painfully dishonest, Emarket-24 has the capacity to advertise unrealistic trading conditions. However, they cleverly leave out all the values so you don’t actually know what you’re buying. A trader basically has no idea what they’re getting themselves into. The only information on the table is that Emarket-24 is a self-proclaimed master in trading securities and you’re just lucky to be recruited.
Scam agents do not reveal the company’s true intentions, of course. Their eloquence and skills convince you to invest, otherwise you could be missing out on the offer of the century. Unfortunately, once you start depositing, you practically become their financial slave with all the extortion, fees, taxes, commissions and more deposit requirements thrown at you.
Fear not though, as our team of legal experts can help you overcome just about any such trouble. You are free to book your first consultation today. And remember – it’s free of charge!
Although Emarket- 24 has been in the business since recently, ever since they’ve set their foot in the digital trading world, victims keep popping up from these countries:
One thing you should know about Emarket- 24 is that they do not provide traders with an actual trading platform. The single tool available is a web-based rudimentary, bogus software. We call it so because it isn’t really a software, but a borrowed chart from the TradingView website.
It is surrounded by several functions, like buy/sell option and the list of tradable instrument classes. However, it is completely devoid of any customization features. Not to mention that you cannot perform a single advanced analysis or use complex tools that come with prestigious platforms like MT4, MT5 or cTrader.
That is all that Emarket- 24 has to offer you when it comes to trading software and useful tools. While no download is necessary, we can list no other reasons why you should choose to trade on a useless and unresponsive artificial software that doesn’t even have a mobile version.
Expecting to trade and make actual profit on the Emarket- 24 software would be pushing yourself into a financial catastrophe. So that’s one thing we advise you not to do. The fake platform still lists a number of assets, supposedly available for buying and selling:
Just to start with Emarket- 24 would cost you no less than 5, 000 EUR. You’d expect the offer for such a huge investment would be miles above the industry standard. But no. For the whole 5,000 EUR you can get leverage up to 1:20, a limited choice of instruments and standard spreads.
Emarket- 24 forces you into investing more, so you could unlock more possibilities and supposedly breath-taking features. Some of them are deposit bonuses of up to 100%, advanced education, and the minimum guaranteed monthly ROI (Return on Investment) of up to 15%.
For all that, though, you’ll have to be ready to spend tens of thousands of dollars. And still, you will probably not be getting these services, as unregulated brokers lie to steal and then answer to no one.
Right after you register for an account at Emarket- 24, the endless pestering for you to deposit real cash starts. Either via email or phone calls, as per usual. That is, if you were brave enough to send them your actual phone number. Otherwise you can’t move a finger on there without being directed to the deposit page or instructed to contact the support agents. That means that no Demo account option is available.
General trading parameters and values at Emarket- 24 just couldn’t be worse. The more you pay for an account, the leverage increases, until it reaches the maximum of 1:500. Such insanely risky trading inevitably leads to losses at some point. Emarket- 24 convinces you that your chances for success multiplies and the probable profit is huge, but they make you forget how much of a loss you could also suffer.
Actual trading costs are not revealed. All Emarket- 24 has to say about the spreads and commission upon conducted trades is that it’s either standard, or tailored if you have an expensive account.
The Terms and Conditions doc doesn’t even remotely try to explain which fees follow the transactions, so investing or withdrawing funds from Emarket- 24 is as shady as anything else about this scam.
Making money or acquiring profit at Emarket- 24.com is not possible, simply because the whole trading environment is artificial and therefore, all the profit is fake. No separate documents, such as policies, exist or explain how the transactions work, how much it costs and what is the processing time. Investing here and then trying to take back the funds deposited is like getting through complete darkness.
Since Emarket- 24 abides by no regulatory rules and protocols, you can expect all kinds of negative surprises. From trading volume requirements to your funds being locked indefinitely, to being forced to pay numerous taxes and fees so your funds get released.
If you are facing difficulties trying to withdraw your funds, we suggest you contact our legal team for help and quickest fund recovery.
First off, if threatening the scammer with legal action doesn’t make them unlock your funds for withdrawing, you should immediately contact our support team. The legal experts that we employ can help you recover your investment from just about any scam project. All of them have a weakness, and you can help us discover it, by providing all the information you have about a fraudster.
Help us make the Forex community a more safe place by also sharing your experiences and spreading the word about a swindler. This helps raise the awareness about just how dangerous they are, so we can help other traders not fall into the same trap.
Emarket- 24 is a fake brokerage website without a functional platform and without a legal permission to engage in the brokerage business. They’re in no way reliable or safe for investing. So contact us for help if you need to take your funds back from this scam.
Minimum deposit you’re required to make upon opening an account with Emarket- 24 is 5,000 EUR.
Yes, but only if you invest at least 100,000 EUR. Then your bonus will be 50%. However, if you invest 500,000 EUR, the deposit bonus will be 100%.
Emarket- 24 is a fake brokerage website without a functional platform and without a legal permission to engage in the brokerage business. They’re in no way reliable or safe for investing. So contact us for help if you need to take your funds back from this scam.
Minimum deposit you’re required to make upon opening an account with Emarket- 24 is 5,000 EUR.
Yes, but only if you invest at least 100,000 EUR. Then your bonus will be 50%. However, if you invest 500,000 EUR, the deposit bonus will be 100%.
The post Emarket 24 Review – Getting To The Bottom Of A Fraudulent New Scheme appeared first on Global Fraud Protection.
