WikiFX report: Is EmpiresX scam or legit broker?
Abstract：EmpiresX is an offshore broker that is not authorized in its region by any reputable regulatory organization. The broker can operate in many countries without being regulated by a reputable regulatory authority in that country, such as CySec, ASIC, FCA, CNMV, and so on. However, regulation cannot be the main grounds for labeling this broker a swindler. Many EmpiresX complaints and unfavorable Broker reviews, as well as other probable scam elements, could all be contributing factors. If you trade with EmpiresX, your money may not be safe.
EmpiresX is an offshore broker which is not regulated by any reputed regulation authority in its region. The broker may operate in many countries without the regulation required by the reputed regulation authority in its country like CySec, ASIC, FCA, CNMV etc. But regulation cant be the only reason for calling this broker as a scam. Many EmpiresX complaints and negative Broker reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with EmpiresX.
Possible scam activities of scam broker EmpiresX
Here are some of the possible reasons why we have flagged EmpiresX as a scam broker in this EmpiresX review.
The broker may have made a number of false claims through its website.
The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
The EmpiresX makes continuous calls to the traders and urge them to invest higher and higher amounts.
The broker promises return which are too good to be true.
The risk warnings may not be disclosed on their webpage or that would be hidden.
The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are haven for the scam brokers.
EmpiresX provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals and ultimately you are not able to make withdrawal.
Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders.
Negative EmpiresX Reviews and EmpiresX Complaints
EmpiresX has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed EmpiresX in the list of scam brokers 2021.
Is EmpiresX scam or legit broker？
ReportScam does not recommend traders to trade with EmpiresX and your funds may not be safe with this broker and EmpiresX review is negative. Instead look for regulated and reputed brokers who can really help in growing your investments.
Read more
Vonway Review: A Series of Unfair Account Suspension & Withdrawal Denial Complaints
Have made substantial profits through Vonway, but could not withdraw? Initiated the Vonway withdrawal request, but the same was denied on the grounds of hedging violation? Were your trade orders executed at an unfair price? Have you faced a trading account suspension by the broker without any explanation? These have allegedly become regular for many traders here. In this Vonway review article, we have shared a list of the top complaints against the forex broker.
Advanced Markets Exposed: Faulty Copy Trading & Execution Failures Cost Traders Dearly
Attracted to Advanced Markets for the expert-led copy trading experience? Did you earn profits from the copy trade executed by the expert hired by the forex broker? But did the broker question some trades even though you paid the performance fee to the expert? Is the trade order execution time too slow at Advanced Markets? Do you witness high slippage issues? You are not alone! Many traders have shared these concerns online. In this Advanced Markets review article, we have described some complaints. Take a look!
Is WisunoFX Safe? An Unbiased 2025 Assessment of Platform Risks and Red Flags
Is WisunoFX a safe broker for your money? The answer is not simple. After looking at everything carefully, the platform gets a score of 7.21 out of 10. This means it has both good points and serious risks. For traders who want to research before investing, WisunoFX has two sides: it offers good trading conditions, but it also has some structural and regulatory issues that need careful thought. The broker has been operating for 5-10 years and has built up a presence in the market. However, it's officially labeled as a "Medium potential risk" platform, which cannot be ignored. Before investing, it's important to compare its good points with its bad ones.
A Simple Guide to WisunoFX Rules: Understanding Safety and Risks When Trading
When evaluating any trading company, it is essential to conduct a thorough WisunoFX regulation check first. This broker operates under two distinct sets of rules, which you must understand carefully. First, it has a license from the Cyprus Securities and Exchange Commission (CySEC), which is a trusted European regulator. Second, it has another license from the Financial Services Authority (FSA) in Seychelles, which is located offshore. These two licenses don't give traders the same level of protection. The CySEC license means the broker must follow strict European Union financial rules, while the FSA license has much less supervision. This guide will explain what each license means to traders, look at the company structure behind the brand, and examine the safety factors every potential client should think about.
WikiFX Broker
Latest News
Vonway Review: A Series of Unfair Account Suspension & Withdrawal Denial Complaints
WikiFXBSN Scam Payouts Begin Next Week, Victims Finally Get Answers
WikiFXRate Calc
