Score

1.32 /10
Danger

EGM Forex

United Kingdom

2-5 years

Regulated in United States

Suspicious Regulatory License

Suspicious Scope of Business

United States Common Financial Service License Unauthorized

Suspicious Overrun

High potential risk

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Comparison

Quantity 20

Exposure

Open Account
Website

Score

License Index 0.00
Business Index 5.52
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Contact number

English

+852 31252693

Japanese

+97144579865

Traditional Chinese(HK)

44 (0) 1618 507890

Broker Information

More

Company Name

ECONOMIC GLOBAL MARKETS (APAC) LTD

Company Abbreviation

EGM Forex

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Check whenever you want

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Warning: Low score, please stay away! 7
Previous Detection : 2023-01-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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Scam

EGM FOREX IS A SCAMMER!!!!!!!!

I was introduced by my partner, he said they are reliable, and I willingly invest my money in them but unlucky they scammed me, they were not replying my messages anymore, they just vanished, pls beware of this app!!!

2021-09-07 15:40
Unable to withdraw

The house and car are all gone due to greedy. I hope everyone pays attention.

A while ago, a strange friend of Line suddenly invited me to join the Friends of the Stock Exchange. I want to say that I didn't lose my consent, which cost me a heavy price, and only later learned that he was the trustee of the platform. At the beginning, he said that they are to give back to the majority of shareholders, and will send me some short-term trading strategies and market trends. I have no doubts. After a few days, I started to ask me which stocks I held, and the position said that I could find an expert for free analysis. After the analysis, he gave me a live link, and just started to analyze stocks and recommend stocks for us. Unpacking what is in every way for us. Occasionally, he also posted screenshots of his money making orders, and when we gradually developed trust in our communication with him, we began to say that we would disband. Re-establish a new fan base, and move to the foreign exchange platform to make money with us. Later, under the instigation of their internal staff (most of them are their own people), most of the customers in the group and I also asked them to open accounts and deposit funds to make orders. At first, I didn't dare to invest too much money. Entered 380,000 to make orders and tried, and they all made money. Later, I was urged to add gold, so that the profit doubled. If you don't add money, don't take me to make orders, etc. Under his inducement, he continued to invest 500,000 yuan. It started to lose a lot, making small profits and big losses. It just feels like they can control it. After the serious loss, he urged me to continue investing money every day, and promised to bring me back the previous losses. Due to the excessive loss, I invested another 1 million yuan with the attitude of wanting to make it back. Finally made tens of millions. When I wanted to withdraw the money, I said that too many people lined up to receive it tomorrow, but the money did not arrive until the next day. I asked the teacher with the order what to do, and expressed their willingness to help me talk. Who knows that the last person will disappear directly. After reading your article, I realized that it was done by a fraud group. The platform was not supervised by any department. From the very beginning, I was deceived by them step by step, resulting in a total loss of nearly 2 million yuan.

2022-05-04 19:07

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