EmpireFXM is a forex and CFD broker that claims to provide traders with access to a wide range of trading instruments, including currency pairs, commodities, and indices. However, the broker has been the subject of many complaints from traders who allege that they were scammed. In this article, we’ll take a closer look at EmpireFXM to determine whether it’s a trustworthy broker or a scam.
Is EmpireFXM a Licensed Broker?
Unfortunately, EmpireFXM is not a licensed broker, which means it’s not subject to any regulatory oversight. There is no contact information on their website. Also, their about us page contains some generic content about how they are helping their clients (fake), though they cannot provide client information on their website.
Why You Should Not Trust an Unlicensed Broker?
Unlicensed brokers like EmpireFXM are not bound by any legal or ethical standards, which means they can engage in fraudulent practices without any consequences. They may also use deceptive marketing tactics to lure in unsuspecting traders, promising high returns and low fees, when in reality, they have no intention of providing any meaningful service.
Can EmpireFXM Be Trusted?
Given that EmpireFXM is an unlicensed broker, it’s difficult to say whether it can be trusted or not. However, based on the numerous complaints from traders who claim to have been scammed, it’s safe to say that EmpireFXM is not a trustworthy broker. Many traders have reported issues with withdrawals, including delays and refusals to process requests.
What Do Traders Think About EmpireFXM?
A quick search online reveals that many traders have had negative experiences with EmpireFXM. They have reported various issues with the broker, including being unable to withdraw their funds, receiving poor customer service, and experiencing technical problems with the trading platform.
Scammed by EmpireFXM? – Talk To Our Experts
If you believe that you have been scammed by EmpireFXM or any other broker, it’s important to seek legal advice immediately. Our team of experts is here to help you understand your legal options and provide guidance on how to recover your lost funds. Contact us today to schedule a free consultation.