WikiFX Review: Is EMPIRESX trustworthy?
Abstract：EMPIRESX is an online financial service company offering financial services to its clients. But is EMPIRESX trustworthy? Is EMPIRESX a scam? Those are important questions that many traders are eager to know the answer to. Therefore, WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyse the reliability of this broker from specific information, regulation, exposure and etc. And you should never miss it.
What EMPIRESX is
EMPIRESX is an online financial service platform that allows clients to invest money in real estate. It also provides financial services such as non-specified private investments and a trading bot (Ex Bot, Bin Bot)
Uninformative Website
EMPIRESX‘s website looks well-designed, however, we don’t know who owns this company. Besides, there are legal documents missing on its website. There is a “Frequently Asked Question” section on its website, for some unknown reasons, we can only see the questions, but we have no clue about the answers to these questions from EMPIRESX.
Regulation
According to WikiFX, EMPIRESX has been given a very low rating of 1.04/10. EMPIRESX doesn't hold a legitimate license and is not regulated by any regulatory institution. It is risky for you to let this broker manage your funds.
(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)
Unknown physical address
We can‘t find EMPIRESX ’s specific address on both WikiFX and its website. On its website, it emphasizes that it is a worldwide company that is active in 5 continents and more than 50 countries, with a monthly growth of 30% and expectations of 6000% in 2023.
Non-MT4/MT5 platform
MT4/MT5 platform is the most frequent-used platform that many solid forex brokers use nowadays. As we know so far, this broker doesnt use MT4 or MT5 trading platforms as its main trading platform. Please be aware of the potential risks.
How the risk looks like
Like many other unregulated brokers, EMPIRESX is likely to freeze your account and steal your money when you invest in. They may try their best to persuade you to open an account, and eventually make you deposit more money by giving some rewards at the beginning. Once the scam becomes so obvious, they will take your money away without giving you any response.
Conclusion
Please be warned that EMPIRESX maybe gets involved in a scam since it is an unlicensed offshore broker that lacks so much information. We suggest you do more research and make yourself comfortable before you choose a certain broker to invest in. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.
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