Uncertain about eietradingmarket.com platform? Is this broker a scam broker? Read Eie Trading Markets reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About Eie Trading Markets FX
Eie Trading Markets FX otherwise known as eietradingmarket.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
What We Discovered about eietradingmarket.com Regulation
First of, eietradingmarket claims to be situated in New York, US.
The broker states that it is regulated by the Money Services Business and the NFA. The former is a non existent entitity in the FX world, while the latter does not regulation this broker.
To clear the doubts, we decided to check the registers of NFA and it turned out that there’s an official warning stating that Eie Trading Markets is not a member.
Again, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does Eie Trading Markets Have Account Types?
The broker does not specified its trading account. There are also no specifications for the broker leverage or spread.
Eie Trading Markets deposit is not indicated anywhere. In contrast, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
There are presentation of variety of payment options such as StarsPay, cryptocurrency wallets, and bank transfer. However, we could not figure out which methods were actually available and which were just included as a luring device.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Eie Trading Markets Provides What Trading Software?
Eie Trading Markets offers web trading software. The platform comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Eie Trading Markets Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that eietradingmarket.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Verdict:
Eie Trading Markets located at eietradingmarket.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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Heard of Mft-trade, Actionmarkets , Betail-capital, Forextimeprime brokers? Read Details
I got scammed out of my life savings. They seemed so legit. I’m ruined for being a sucker. Double vet every FOREX broker. Wish I did.