WikiFX Broker Assessment Series | Is Emar Markets Reliable?

WikiFX | 2024-01-10 16:38

Abstract：Emar Markets is a very young broker. It is an online forex broker offering various market instruments. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

Emar Markets is a very young broker. It is an online forex broker offering various market instruments. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

About Emar Markets

Emar Markets is a retail forex and CFD broker established in 2022 and registered in Saint Vincent and the Grenadines. Emar Markets offers its clients access to trade various financial instruments, including forex, commodities, indices, and cryptocurrencies, via the popular MetaTrader (MT4) trading platform.

Is it Legit？

Emar Markets claimed to be regulated by NFA with license number 0555619. However, we found that this regulation claimed by this broker is suspected of clone.

Account Types & Minimum Deposit

Emar Markets offers three different kinds of accounts. They are the Cent account, PRO account, and Standard account. The Cent account has a minimum deposit of $1 and is tailored to new traders or those who wish to test their trading strategies in small amounts. The Standard account, which also has a minimum deposit of $1, is suitable for experienced traders who require higher leverage and a more extensive range of trading tools. The Pro account is designed for professional traders who are comfortable trading large volumes and require a comprehensive suite of trading tools and personalized support. This account only requires a minimum deposit of $100.

Trading Platform

Emar Markets offers its clients two popular trading platforms: the Metatrader 5 (MT5) and cTrader. Mt5 is a well-known platform in the industry, widely used by many traders for its advanced features, user-friendly interface, and support for automated trading strategies. It offers a range of technical indicators, charting tools, and other features to help traders analyze the market and make informed decisions. The cTrader platform, on the other hand, is a popular choice for traders who prioritize speed and order execution.

Exposure

Within three months, we received two complaints against this broker. Both victims accused this broker of withdrawal rejection.

On-Site Inspection

Emar Markets participated in Wiki Finance EXPO Singapore 2023 in May 2023. WikiGlobal awarded him the of “Fastest Growing Brokers” in Malaysia.

Conclusion

The exposures we received and our unregulated status make it difficult to reach a decent score. However. it is normal to see a young broker have a relatively low WikiFX score. The WikiFX score of a broker can be increased or decreased if the broker is constantly running the business in a good or bad direction.

If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

Broker

Related broker

Regulated

EMAR MARKETS

Company name：EMA Markets (pty) Ltd

Score

4.45

Website：https://emarmarkets.com/

2-5 years | Regulated in South Africa | Derivatives Trading License (EP) | MT5 Full License

Score

4.45

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