Note: Eangel Markets' official site - http://eangelmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Eangel Markets？
Eangel Markets, officially registered as Eangel Markets Limited, is a forex trading company with an operational history of between 2 to 5 years. The company is registered in Hong Kong but functions under a non-regulated status. This implies that it does not operate under the supervision or rules of any recognized financial regulatory bodies, thereby potentially signaling certain risks to prospective investors.
For customer support, Eangel Markets provides a phone number (+852 59868768) and an email address (support@eangelmarkets.com). Yet, the unavailability of the company's official website is a significant concern, as it limits the access to essential information about the broker, its operations, terms and conditions, and other primary disclosures. The company address is at FLAT 2304E-23/F HO KING COMMERCIAL CENTRE, 2-16 FA YUEN STREET, MONG KOK KOWLOON, HONG KONG.
Moreover, Eangel Markets has received negative customer reviews, which could potentially reflect upon the quality of services the firm offers. Prospective clients are therefore advised to carefully evaluate these factors and potential associated risks before deciding to engage with Eangel Markets.
Pros & Cons
Pros:
Cons:
Unavailable Official Website: The official website for Eangel Markets is currently unavailable. An active and updated website is crucial as it provides details about the broker's operations, terms, and conditions, updates, and various types of disclosures. Its absence limits access to such key information which may undermine transparency and obstruct informed decision-making by existing and potential clients.
Non-Regulated: Eangel Markets operates under a non-regulated status. That means it is not overseen or licensed by any recognized financial regulatory authorities. This could potentially signify a higher risk for potential investors due to lack of standard assurances about the fairness, transparency, and business accountability usually enforced by such regulatory bodies.
Bad Customer Reviews: Eangel Markets has received negative customer reviews, which could reflect significant issues in their service provision. These adverse reviews can be a useful source of real-life insight into the company's operational standards and customer service quality. Therefore, potential clients should give serious consideration to these reviews when assessing the company.
Is Eangel Markets Safe or Scam？
Eangel Markets operates under a non-regulated status, implying it isn't subject to the oversight or standards defined by any recognized financial regulatory authorities. This non-regulated status could potentially introduce significant risks for prospective investors, as the firm is not bound to deliver the kind of transparency, accountability, and business integrity that regulations commonly assure.
Another disconcerting aspect of Eangel Markets is the prevalence of negative customer reviews. Being a critical source of real-world insights about any firm's operations and service quality, these negative reviews could signal serious issues in the company's practices. The specific complaints from customers were not elaborated on in the query provided, but the overall implication is that they've placed Eangel Markets under a flood of scrutiny and suspicion. In some cases, these types of issues can push a company into being categorized as a potential scam.
Market Instruments
Eangel Markets provides a diverse range of market instruments, including:
Multi-Chain and Cross-Chain Derivatives: Eangel Markets offers a variety of derivative products that are linked to multiple blockchain networks, allowing traders to potentially speculate on the price movements of various cryptocurrencies and other assets.
Spot Trading Markets: Spot trading involves the immediate exchange of financial assets, like cryptocurrencies, at their current market price.
Forex: Eangel Markets offers forex trading, which allows traders to engage in the foreign exchange market, speculating on the exchange rates between different currency pairs.
Futures: Futures are derivative contracts that obligate traders to buy or sell an asset at a predetermined price on a future date.
Cryptocurrencies: Eangel Markets allows trading in cryptocurrencies, which are digital or virtual currencies.
Leverage
The maximum leverage ratio offered by Eangel Markets is an impressive 100:1. While this significant leverage can amplify potential profits, it's important to exercise caution, especially for those who are new to trading. High leverage also brings an increased level of risk, as it can magnify losses, so traders should carefully consider their risk tolerance, trading strategy, and overall financial situation before using such high levels of leverage.
Trading Platform
EagleFX Markets provides its users with the MetaTrader 5 (MT5) trading platform, a comprehensive and advanced solution for traders. With MT5, traders can access a wide variety of financial instruments, from Forex to stocks and cryptocurrencies, offering ample opportunities for diversification. However, EagleFX Markets currently has no valid regulations and the official site is inaccessible. Please be aware of the risks!
User Exposure on WikiFX
The exposure of Eangel Markets brings to light significant controversies surrounding the broker's practices. Clients have raised multiple complaints, painting a worrying picture of the firm's operations.
Several clients of Eangel Markets reported experiencing serious issues concerning the withdrawal of their funds. They faced prohibitions and restrictions when attempting to withdraw their investments, which is a key concern considering the fundamental right of investors to have freedom in managing their personal funds.
In addition, there are allegations contrived against Eangel Markets referring to romance scams. While the details of these allegations are not provided, romantic scams usually involve instances in which individuals - allegedly connected with the firm - form deceptive emotional relationships with clients to manipulate and financially exploit them.
What exacerbates the situation further is the fact that numerous clients are outrightly denouncing Eangel Markets as a scam. Such allegations are of the utmost severity and suggest the potential presence of deceptive or fraudulent activities.
The culmination of these exposures raises substantial concerns involving Eangel Markets' practices. Hence, it's crucial for potential and current clients to exercise caution and vigilance.
Conclusion
To sum up, Eangel Markets has received substantial criticism for its non-regulated status, unavailability of an official website, and particularly, negative customer reviews. Customers have raised concerns around withdrawal issues, alleged involvement in romance scams, and overall unsatisfactory service delivery. Combined with several allegations painting the company as a potential scam, it is crucial that anyone considering Eangel Markets for their investment needs proceed with absolute caution and thorough due diligence.
Frequently Asked Questions (FAQs)
Q: Is Eangel Markets a regulated broker？
A: No, Eangel Markets operates under a non-regulated status, which means it isn't overseen or licensed by any recognized financial regulatory authorities.
Q: How can I contact Eangel Markets' customer support？
A: You can reach out to Eangel Markets via phone at +852 59868768 or email them at support@eangelmarkets.com.
Q: Is Eangel Markets a safe broker？
A: Given the range of negative client reviews and the firm's non-regulated status, Eangel Markets is not a safe broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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