Emarket-24 Review: “The Most Up-To-Date Platform for Trading” or a SCAM?

Emarket-24 - logo
Rating:
1

Emarket-24 claims to be “the most up-to-date platform for trading.” However, to live up to such claims, they need to be an exceptional broker. Let’s check out what this company is all about. Will it be a truly reliable partner or will it turn out to be just another scam? Read the results in a brief review.

Emarket-24 General Information

Website https://emarket-24.com/
Phone Number
  • +441618181911
  • +35726022617
Email support@emarket-24.com
Address Spyrou Kyprianou Avenue 24, Nicosia 1075, Cyprus
License
Minimum Deposit €5,000
Assets CFDs
Leverage Up to 1:500
Trading Platform WebTrader

Registration and Client Portal Review

On Emarket-24, it’s evident that not much thought has been put into the website design. It appears quite standard. The homepage features a video of a seemingly happy trader who presumably had a successful transaction and looks satisfied. However, beyond this, there’s not much else of interest on the site.

The information about trading accounts is sparse, and details about the company are limited. The design is rather basic, focusing mainly on highlighting the broker’s advantages. Unfortunately, there is a lack of additional engaging content or features.

Emarket-24 - website

Registering with Emarket-24 is a breeze – a swift completion of a petite form containing your personal details and contact information, coupled with the creation of a password, grants you immediate access to the client portal. No pesky email or phone number confirmations needed. While the simplicity of this process may seem like a user-friendly feature, it raises concerns.

The lack of stringent identity verification could potentially turn Emarket-24 into a magnet for those who prefer to stay incognito or engage in activities of a questionable nature. It’s like opening the door wide for potential mischief-makers, putting both the platform’s credibility and the safety of its users at risk. It’s as if they’re saying, “Come one, come all, no questions asked!” – a strategy that might be a bit too carefree for the serious business of online trading.

Registration

Ah, behold the mystical realm of Emarket-24 and its client portal, entwined in a dance with the trading terminal. It’s a union that, while not exactly a match made in financial heaven, does have its quirks. You see, this platform, in its wisdom, decided to throw the trading software and the dashboard into the same cauldron of functionality.

And let’s talk about convenience. Imagine having a party where the DJ is also the bartender. Sure, it sounds cool at first, but when you’re trying to place a trade and adjust your settings simultaneously, things can get a bit chaotic.

Emarket-24 - Client Portal

Emarket-24 Trading Conditions

Emarket-24, at its core, has the potential to be a good broker. However, much hinges on the trading conditions it offers. Let’s take a closer look, shall we?

Account Types Review

The company presents a menu of 6 account types, a variety that could cater to different trading preferences. However, there’s a missing puzzle piece – the absence of a demo account. Instead of easing you into the trading waters, they dive straight in, urging you to fill in your real account with a hefty 5,000 euros right off the bat. How’s that for a warm welcome?

To climb the trading ladder and unlock more sophisticated accounts, you must sequentially elevate your deposit. The figures are nothing to sneeze at – 25 thousand, 100 thousand, 250 thousand, 500 thousand, and a whopping million. The leverage follows suit, ascending from 1:20 to a daring 1:500. The higher-tier accounts even throw in bonuses ranging from 50 to 100 percent. Moreover, premium accounts promise analytical insights, manager assistance, and the whole shebang.

In essence, the broker seems to operate on a “pay more, get more” principle. Now, on the surface, that might sound enticing, like a tantalizing offer at an all-you-can-eat buffet.

Trading Platform

First and foremost, the platform offers just a web-based trading option. Say goodbye to dreams of a downloadable desktop application or a handy mobile app, because, unfortunately, those are nowhere to be found. This lack of diversity is a colossal letdown, leaving traders high and dry without the convenience of mobile trading or the advanced features desktop users often crave.

Now, let’s dive into the web-based platform itself. To put it politely, it’s a bit of a disappointment. The features it flaunts are as basic as a supermarket’s generic-brand cola. Forget about the bells and whistles – this platform barely manages a whistle.

And let’s talk about tools. Or rather, the lack thereof. The platform offers a meager selection of basic technical indicators, leaving traders thirsting for more.

Emarket-24 — Deposit and Withdrawal of Funds

Emarket-24 lures you in with the promise of convenience when it comes to funding your account. They offer several convenient methods, including debit and credit cards, and even transfers. On the surface, it seems like smooth sailing. But, and it’s a big but, when it comes to the nitty-gritty details of withdrawing your hard-earned cash, things take a nosedive into the realm of confusion.

The platform leaves users in the dark when it comes to withdrawal timeframes and the dreaded subject of fees. Will it take days, weeks, or a lunar cycle to see your funds? The world may never know.

Verification

Emarket-24 mandates the completion of a verification process for its users. The journey through this process involves several steps to ensure compliance and security.

Initially, users were required to submit essential documents. This typically includes a valid government-issued photo ID, proof of address (such as a utility bill or bank statement), and, in some cases, the card used for funding.

The submitted documents are scrutinized to verify the user’s identity. This involves cross-referencing the information provided with external databases to confirm its authenticity. The proof of address is checked to ensure it matches the details provided during registration. This step is crucial for confirming the user’s residence. In some instances, users may be required to provide additional financial information, especially if they are opting for higher-tier accounts or engaging in substantial transactions.

Additional Options

Emarket-24 boasts of offering a high Return on Investment (ROI), a seemingly alluring proposition. However, this service raises eyebrows due to the lack of transparency regarding the source of the broker’s earnings. Emarket-24 provides no insight into its revenue-generating mechanisms, leaving users in the dark about the foundation of its profitability.

It raises concerns about the legitimacy of the operation, as the lack of disclosure could be interpreted as a red flag. Without a transparent breakdown of revenue streams, the broker’s high ROI claim becomes questionable, and in some cases, reminiscent of a potential Ponzi scheme.

Is Emarket-24 a Scam?

The trading conditions at Emarket-24 didn’t exactly bowl us over. However, let’s delve into the legitimacy aspect. Could this be the paragon of transparency among brokers? Let’s find out.

So, Emarket-24 has graciously bestowed its Cyprus address in the footer. A goldmine, right? One would assume that this snippet of information would unlock the secrets of its regulation, the overseeing company, and all that jazz. However, oh, the sheer negligence in providing legal details.

In our quest for transparency, we ventured into the CySec registry, expecting to find Emarket-24 proudly waving its licensed flag. Spoiler alert: not a licensed soul in sight. Frankly, we didn’t have our hopes up. With the kind of leverage they throw around like confetti at a parade for retail clients, CySec would probably sooner sprout wings than grant them a license.

So, dear Emarket-24, while you’ve generously shared your Cyprus address, regulatory transparency falls flat like a pancake. It’s like trying to find a needle in a haystack, only to realize someone forgot to put the needle in. So, buckle up and proceed with caution. This might not be the transparency haven we were hoping for.

Legal data check

Emarket-24.com Domain Info

Emarket-24 doesn’t exactly boast an extensive track record. The company has taken its first steps in the financial arena fairly recently. According to the Whois service, the broker’s domain was registered in February 2023. In essence, we’re talking about a broker that hasn’t even clocked a full year of operation.

Now, let’s marinate in that information for a moment. A broker with less than a year under its belt raises a myriad of red flags. The lack of an established history begs the question: can Emarket-24 be relied upon for anything, let alone financial stability?

Domain info

Contacts Review

Emarket-24 puts on a show of transparency by providing what seems to be comprehensive contact information. You can ring them up on the telephone or drop them an email, and voilà, there’s even an address for their Cyprus office.

Sure, you can dial their number or shoot them an email, but when it comes to that Cyprus address, it’s a classic case of “all show, no substance.” The company is nowhere to be found in official records there, rendering the address effectively a decoy.

Pros and Cons

  • Variety of funding options.
  • Limited trading history.
  • Lack of regulatory clarity.
  • Opaque revenue sources.
  • Questionable trading conditions.
  • Dubious address.

 

3.1 TOTAL SCORE

Emarket-24 Summary

Emarket-24 - favi

Emarket-24 falls short of being a trustworthy investment option due to its fake nature and operating without proper documentation. The lack of regulatory oversight and transparency regarding revenue sources raises serious doubts about the broker's reliability.


Website information content 3
Client Portal 3
Trading conditions 4
Trading platform 4
Deposit and withdrawal 4
Verification 4
Extra options 4
Licenses and guarantees 1
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does Emarket-24 Offer?

Emarket-24 claims to offer trading services, but its limited trading history, lack of regulatory licenses, and questionable trading conditions cast doubt on the credibility of its offerings.

How Much Money Should I Invest With Emarket-24?

According to the trading conditions, Emarket-24 suggests an initial deposit of 5000 euros. This amount seems disproportionately high, raising concerns about accessibility and suitability for various investors.

Is Emarket-24 Safe?

No, Emarket-24 is not considered safe. The lack of regulatory licenses, dubious addresses, and overall fake appearance make it a risky choice for traders. Engaging with this broker may pose significant financial risks.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Clifton Stanley

    Trading nightmare

    Just scrutinize all those points this scam talks about, and you’ll realize it’s a scam, not some super-mega-professional-profitable broker for forex and CFD trading. Making money here is impossible because the company operates against traders. Even if you manage to earn something, it’s utterly pointless. You’re just earning pixels for your account. The real money has long gone into the pockets of these swindlers. And they won’t let you withdraw a penny. So, there’s absolutely no point in trading here, none whatsoever.

    Reply
  2. Iam

    Beware of sharks!

    I’m warning everyone! Anyone considering opening an account here – DON’T DO IT!!!! Emarket-24 is a bunch of scammers and criminals who should refund all their victims and rot in jail forever!!!! BE CAUTIOUS!!!!

    Reply