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Eurex Multi Asset Exchange (EMAE) Review – is it scam or safe?

EMAE Review  – Is www.eurex.uk scam or safe forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz Eurex Multi Asset Exchange (EMAE)
Eurex Multi Asset Exchange (EMAE) is an offshore broker. Your money is not safe.

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 Trading accounts and conditions

 

Account type

Minimum deposit

Minimum trade size

Maximum leverage

Average spreads

Trading

$/£/€ 10 000 0.1 lot   1 pips
Arbitrage $100 000 1 lot   1 pips
Premium $100 000 1 lot   1 pips
HFT  $500 000 1 lot   1 pips

 

Eurex Multi Asset Exchange Ltd. (EMAE) claims to be a UK-based exchange that offers trading in forex, CFDs on precious metals, and futures on some currencies and indices. There are four types of live trading accounts: Trading, Arbitrage, Premium and high frequency trading (HFT). EMAE also offers a free demo account.

 

 

The Company. Security of Funds

 

Company Country Regulation
Eurex Multi Asset Exchange Ltd. UK No

 

Eurex Multi Asset Exchange Ltd. (EMAE) says it is based in London and claims to be regulated by UK's Financial Conduct Authority (FCA). Our check in the FCA Financial Services Register, however, revealed that there is no such company. Furthermore, the listing in the Companies House UK registry reveals that the company is registered with a capital of GBP 1. This means that there is no way for the company to be licensed by FCA, which requires a capital of €730 000 in order for the broker to have a license and operate in UK. Obviously the claim is fake.

 

 Click for larger view.

 

Trading Platform

 

EMAE has a proprietary trading platform, Eurex, which has versions for PC, web (without installation) and mobile applications for smartphones and tablets.

 

The brokerage does not offer the popular MetaTrader 4 platform or any of the other more widespread forex trading platforms like cTrader.

 

Click for larger view. 

 

Methods of payment

 

EMAE accepts payments via bank wire and electronic payment systems, but does not provide any further details, besides that it does not charge fees for sending and receiving wire payments.

 

Conclusion

 

Eurex Multi Asset Exchange Ltd. (EMAE) appears to be a very dubious forex broker. The mere fact that it makes false claims about its FCA regulation should be a big red flag.

 

Another disturbing thing is the striking similarity with the name of the third-largest derivatives exchange Eurex Exchange, owned by Deutsche Borse.

 

Then, there are also the ridiculously high minimum deposit requirements for retail clients.

 

Overall, this forex broker should be avoided at all costs. There are a large number of properly regulated by FCA forex brokers that offer better trading conditions and investing with them is less risky.

 

 

Pros Cons
  Fake claim about FCA regulation
  High minimum deposit
  No MT4
  Limited forex instruments list

 

 

Latest news about Eurex Multi Asset Exchange (EMAE)
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Traders` reviews for Eurex Multi Asset Exchange (EMAE)

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scammed - company is now dissolved

Hi,

do you have someone experiences with this company ? I have lost lots of money with this scammers.
do you know everyone what to do now ?
company is now dissolved

jaro 01/22/2019

Scammers

Hi Guys
Eurex multi asset exchange is a big scammers and i know friend was working with them and his clients asked for withdrawal since 2 months and until now the clients hadn't received any money from them and they stolen the money and the clients tried a lot to contact Eurex multi asset exchange a lot of times by email and phone number and they don't answer them and the clients try now to fix this issue through the UK government and the guys wo working for this company they are not in UK but the real that some of them in Pakistan and another one in CANADA so be careful and don't deal any business with them they are completely scammers

Ameer mageed 04/07/2018
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