Home -
-
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FXTM
FOREX.com
AvaTrade
IC Markets Global
FXCM
ACCM

EGMARKETS

WikiFX | 2024-12-04 10:51

Abstract:EGMARKETS claims to be a broker established in the UK, dedicated to serving the African market, particularly Nigeria. It primarily offers forex pairs, shares, indices, and commodities, with a minimum deposit of up to $250 and a maximum leverage of 1:400. However, this broker lacks legal oversight.

Note: EGMARKETS's official website: https://www.egmarkets.trade/ is currently inaccessible normally.

EGMARKETS Review Summary
Founded2022
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex pairs, shares, indices, and commodities
Demo Account❌
Leverage1:400
EUR/USD Spread/
Trading PlatformWeb
Min Deposit$250
Customer SupportTel: +44 0908 290 8871
Email: support@eagleglobalmarkets.com
WhatsApp: 0908 290 8871
X: https://twitter.com/egmarkets
Linkedin: https://www.linkedin.com/company/eagle-global-markets-egm-/
Facebook: https://web.facebook.com/eagleglobalmarkets/?_rdc=1&_rdr
Instagram: https://www.instagram.com/egmarkets/
YouTube: https://www.youtube.com/channel/UCygWKOVLhXCZFg8KcLtw7kg
Physical address: United Kingdom, 34 South Molton Street, Mayfair, W1K 4RG

EGMARKETS claims to be a broker established in the UK, dedicated to serving the African market, particularly Nigeria. It primarily offers forex pairs, shares, indices, and commodities, with a minimum deposit of up to $250 and a maximum leverage of 1:400. However, this broker lacks legal oversight.

EGMARKETS

Pros and Cons

Pros Cons
Various trading choicesInaccessible website
MT4 supportNo regulation
Comprehensive customer support channelsExpelled by the Financial Commission
No demo accounts
No MT4/5
High minimum deposit

Is EGMARKETS Legit?

EGMARKETS holds no legal license. It claims to be registered in the United Kingdom, however, to operate or register in the UK, brokers need to be regulated by the Financial Conduct Authority (FCA). When we search for relevant information on the FCA, we find nothing, indicating that this broker is deceiving users.

Worse still, EGMARKETS also claims to be a member of the Financial Commission, but it has been proven that Egmarkets has been expelled.

These evidences are sufficient to show that EGMARKETS is an untrustworthy and fraudulent broker.

No results from the FCA
Expelled by the Financial Commission

What Can I Trade on EGMARKETS?

Since EGMARKETS's website is unavailable, the only information we can obtain about its tradable instruments is the general trading type, which includes forex pairs, shares, indices, and commodities.

Tradable Instruments Supported
Forex ✔
Commodities✔
Indices✔
Shares✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Leverage

EGMARKETS offers a leverage ratio of 1:400, which is extremely high. While there is a chance to obtain substantial profits, the possibility of losing all invested funds is much higher. In countries like the UK, the maximum leverage limit is 1:30. Therefore, the leverage offered by Egmarkets is not only dangerous but also illegal.

Trading Platform

EGMARKETS claims to offer industry-standard MetaTrader4 and two proprietary platforms, Eagletrade and Copytrade. However, since we are unable to access its website, we cannot confirm if these platforms actually exist.

In addition, we do not believe that a trading broker that has been expelled from the Financial Commission and is not legally regulated would be granted a trading license for MT4. Therefore, it is advisable to steer clear of this broker.

Trading PlatformSupported Available Devices Suitable for
MT4✔WebBeginners
MT5❌/Experienced traders
Eagletrade ✔Web/
Copytrade✔Web/

Related broker

No Regulation
EGMARKETS
Company name:Egmarkets (UK) Limited
Score
1.44
Website:https://www.egmarkets.trade/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.44

WikiFX Express

Exness
EC Markets
TMGM
XM
FXTM
FOREX.com
AvaTrade
IC Markets Global
FXCM
ACCM

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
Doo Prime

Doo Prime

Regulated
ACCM

ACCM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
Doo Prime

Doo Prime

Regulated
ACCM

ACCM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
Doo Prime

Doo Prime

Regulated
ACCM

ACCM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
Doo Prime

Doo Prime

Regulated
ACCM

ACCM

Regulated

Latest News

Thailand-Cambodia War Pressures Thai Baht in Forex Market

WikiFX
2025-07-28 19:35

Treasury yields tick lower as investors look ahead to Fed's interest rate decision

WikiFX
2025-07-28 09:51

Does XS.com Hold Leading Forex Regulatory Licenses?

WikiFX
2025-07-28 10:14

Chile Bumps Up Copper Price Forecast and Flags Lagging Collahuasi Output

WikiFX
2025-07-28 14:32

A breakthrough and a burden? What the U.S.-EU trade deal means for the auto sector

WikiFX
2025-07-28 10:22

Investors Accuse Duttfx Markets of Scam: What You Should Know

WikiFX
2025-07-28 18:38

Treasury yields flat as investors look ahead to Fed's interest rate decision

WikiFX
2025-07-28 09:51

Bitget Lists Caldera for Spot Trading | What Should You Know?

WikiFX
2025-07-28 17:51

China's latest AI model claims to be even cheaper to use than DeepSeek

WikiFX
2025-07-28 13:00

European stocks head for higher open with earnings and U.S. trade deals in focus

WikiFX
2025-07-29 06:46

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

BODAFX

BODAFX

Westpac

Westpac

BRD

BRD

Raffle Option

Raffle Option

FXPCM

FXPCM

Wizer

Wizer

GDSL

GDSL

MEMG

MEMG

Euro Crypto FX

Euro Crypto FX

Softech Trades

Softech Trades