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Emporio Trading Review - is it scam or safe?

Emporio Trading Review - Is emporiotrading.com scam or good forex broker?

RATING: 1 / 3 REVIEWS Emporio Trading
Emporio Trading is an offshore broker. Your money is not safe.

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Trading Accounts

 

Account Type Minimum Deposit Maximum Leverage Minimum Lot Size Spread
Standard  $1000  1:1000 0.01 Average of 1.2 pips*
ECN $10,000 1:200 0.10 Average of 1.2 pips*
ECN-Gold $25,000 1:100 0.10 Average of 1.2 pips*


*We got to these spreads by testing the platform. They may vary for the different account types.  


Emporio Trading is an STP forex broker, which offers three account types. The company has not provided information on the spread offerings for the different account types, which is unusual. Islamic (swap-free) versions of the latter two accout types are also available.
 
 

The Company. Security of Funds

 

Company Country Regulation
Emporio Trading Limited Vanuatu VFSC


Emporio Trading is registered on the island of Vanuatu and is registered with the infamous VFSC. While off-shore brokers are generally not recommended by us, this destination is probably the shadiest.

 

Vanuatu became a hot-spot for dishonest brokers in recent years. The VFSC has a capital requirement of only $2,000. This naturally attracts scammers and poorly funded enthusiasts. Other countries have much bigger capital requirements, in order to ensure the stability of the company.


For instance the Cyprus Securities and Exchange Commission (CySEC) requiring EUR 730,000. The commission also forces companies to frequently report their activities. Furthermore, there are several key regulations in place, with two being crucial in terms of security of funds. 


Client’s deposits must be kept in segregated accounts, which the broker can’t freely access. This prevents the simplest possible scam – the company taking your money and not offering any trading. Additionally, a compensation scheme in place. This is a common pool, which functions like an insurance company – brokers contribute money at predetermined periods. The funds then serve as a guarantee, in case one of the companies becomes insolvent. If you trade with a CySEC-regulated broker, which happens to go bankrupt, your account will be protected up to EUR 20,000.
 

Trading Conditions


 
Minimum Initial Deposit

The minimum initial deposit at Emporio Trading is $1000. This is a high level, given the current state of the industry. Most brokers, like easyMarkets, require only $100.

 

That being said, the minimum entry level is not a criteria, which speaks about a company’s credibility. It only prevents smaller traders from using this particular service.


 
Average spreads & Commissions

Emporio Trading does not mention the spreads it provides. This is rather unusual, given the fact the company offers multiple account types, with two of them being ECN accounts. These usually provide lower spreads and involve a commission. When we tested the trading platform, the EUR/USD spread was fluctuating around 1.2 pips. While we are on the topic, we should probably mention, you can compare the real-time spreads provided by some of the best brokers at our dedicated platform.
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Leverage
The maximum leverage provided by Emporio Trading is 1:1000. Even by today’s stadards, with lots of brokers offering 1:500, this is still an exceptionally high ratio. This can lead to massive losses, if you don’t know how to manage your risk.

 

Remember, US regulators have set a cap on the leverage, offered to retail clients to 1:50, in order to protect them.
 

Trading Platforms


Emporio Trading provides its services via MetaTrader5 (MT5). This is the newer iteration of the popular MT4 platform. The two are very much alike, while MT5 has some improvements. First and foremost, some of the elements are now detachable by default. On the downside, Expert Advisors and custom technical indicators, which are available for the previous version are not compatible with MetaTrader5.

 

The main advantage of the platform – the nice charting package is basically left untouched. Here is a screenshot of what you get from the Emporio Trading MT5:

 


 

Methods of Payment


 
Emporio Trading accepts payments via conventional methods such as Bank Transfer and Credit/Debit Cards, as well as a wide variety of alternative e-wallets. They include: Qiwi, Yandex.Money, Neteller, Skrill and Perfect Money.

 

Conclusion


 
Emporio Trading is a Vanuatu-registered forex broker. The company does not provide details on the trading conditions, which it provides. Our testing with the platform revealed relatively competitive conditions, but we can’t confirm they will be available in real-account trading. While Emporio Trading appears to offer almost attractive conditions, the off-shore regulation is much more troubling. Here are this broker’s strong and weak sides

 

Pros Cons
MetaTrader5 available VFSC regulation
Potentially average spreads Spreads not provided on the website
Lots of payment methods High minimum deposit requirement

 

Latest news about Emporio Trading
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Traders` reviews for Emporio Trading

Spread

Pros

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

Pros

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La verdad - The true about Emporio Trading

son los mismos de polo invest y my trade mm!!! son las mismas personas!!! Tenga mucho cuidado, no podrá retirar ni un centavo!!


Polo invest, my trade mm and emporio trading, it's the same persons with different name!!! Do not trust any of these companies!! you won't be able to withdraw your money!!

inversor estafado 06/20/2018

Emporio Trading - Estafa ciudado

Emporio trader es una estafa te manipula para que ampliar tu equidad, una vez lo hagas estás perdido los acsesores te harán caer en posiciones muy riesgosas en contra del mercado, cómo se han ganado tu confianza lonhaces, al final pierdes todo tu dinero y debes pagar el crédito te precio anterior hasta más no poder. Finalmente desaparecen y no responden a ninguno de tus mensajes.

Translated by Google:

Emporio trader is a scam that manipulates you to expand your equity, once you do it you are lost the acsesores will make you fall into very risky positions against the market, how they have earned your trust lonhaces, in the end you lose all your money and you must pay the credit you previous price until more can not. Finally they disappear and do not respond to any of your messages.

Néstor guevara 06/02/2018

Professional Scammers

Professional SCAMMERS. You wont see any benefit as they make you loose all your money, in my case more than 17K in operations they suggest to recover from looses. For complaints they disappear. Not recommended.

Francisco 06/01/2018
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