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No Regulation
Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
EMRFX
United Kingdom|2-5 years| Suspicious Regulatory License|White label MT4|Chinese market only|High potential risk|
http://www.emrfxtrader.com/en
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
EMRFX-demo MT4
Server Location 
Hong Kong
Hong KongContact
china@emrfxtrader.com
http://www.emrfxtrader.com/en
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
EMR FX Pty Limited
Company Abbreviation
EMRFX
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2024-04-20
- 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 5 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
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Exposure
5 pieces of exposure in total Pyramid scheme complaint
ExposeEMRFX · Company Summary
General Information & Regulation
EMRFX is a Forex broker, targeting the Chinese market. EMRFX is not currently subject to any effective regulation.
Market Instruments
Investors can trade currency pairs in the foreign exchange market on the EMRFX platform. Other than that, EMRFX does not provide information on other tradable assets.
Minimum Deposit
EMRFX offers only one standard account to all investors. The minimum deposit requirement is not fully disclosed.
EMRFX Leverage
In terms of trading leverage, and maximum trading leverage offered by EMRFX is mentioned. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
The spreads on EMR FX's standard accounts start at 4 pips, much higher than the industry standard. Most legit brokers offer spreads of 1.0 to 1.5 pips on the EURUSD standard account.
Trading Platforms
EMRFX claims to provide traders with the most popular MT4 trading platform, but after a simple test, we found that the MT4 login page is always in error, which shows that MT4 is just false propaganda of EMRFX.
EMRFX Cons
EMRFX Disadvantages Include:
1. No regulation
2. Only one type of account offered
3. False advertising of the MT4 trading platform
4. High spreads
5. No information on the way to enter and exit the funds
6. ID required for demo accounts, pretty cumbersome
7. Not providing information on leverage
5
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