Empire FXM Broker Review [Complete Guide]

EmpireFXM Information

Company name: EmpireFXM

Status of Regulation:no regulation

Located: Marshall Islands

Company website: https://empirefxm.com/

The company phone: The phone number for Empire FXM Broker is not provided in the available information.

Social media profiles:

Twitter: Not provided.

Facebook: Not provided.

Instagram: Not provided.

YouTube: Not provided.

Company address: Not provided.

LinkedIn: Not provided.

Email Address: contact@empirefxm.com

What is EmpireFXM?

Empire FXM Broker is a financial brokerage company offering trading services in various markets. While regulatory status and specific details are unavailable, they aim to provide access to currencies, commodities, indices, and cryptocurrencies. Traders can expect to find popular trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) and potentially educational resources to enhance their trading skills. It is crucial for traders to independently verify the company's regulatory status and carefully consider the risks associated with trading in financial markets.

Empire FXM Trading Accounts

About the Micro Account

If you are a complete beginner in Forex, their Micro account is the place to start. This type of account is designed with freedom in mind, giving you flexible trading conditions. You are free to select the amount of leverage you want (they offer up to 1:300), you can choose exactly how much you want to deposit every time since their minimum deposit requirement is just €250, and you are welcome to benefit from our attractive bonuses. As per the market standard, this account has swaps and fixed spreads.

About the Standard Account

For traders who want to avoid swaps, we recommend registering for a swap-free account.

This type of account is ideal for anyone who wants to eliminate swaps from their trading strategy. The swap-free account is also perfect for traders of religious origin (especially Muslims), as the conditions accord with religious practices by not charging interest rates – this is why these accounts are often called “Islamic”.

Swaps are fees that can be both positive and negative and are charged by banks on trades that remain open overnight. The type of order (buy / sell) and the activity are the determining factors for the type of swap charged. You can check the specific swap amounts by browsing the list of trading instruments. The lack of swaps with our Islamic accounts is compensated for by a fixed fee, perfect for traders who tend to do long-term deals.

About the Premium Account

The Premium account is meant for big spenders: traders who are interested in big deposits, high-stake deals with large volumes, and even larger profits. The conditions for this account are somewhat different, optimized for ambitious traders so that you can tap into the full potential and liquidity of the Forex market. With this account you will find you have more freedom and control over your deals, which would allow you to make as great a profit as possible.

About the VIP Account

Every trader who opens this account will have the opportunity to trade all of the most popular cryptocurrencies. The VIP Account has been set up to make trading with cryptocurrencies as comfortable as possible for you and is suitable for any trading strategy.

Is Empire FXM Regulated?

As of my knowledge cutoff in September 2021, the regulatory status of Empire FXM, a company you mentioned, remains unknown. It's crucial for investors to thoroughly research and verify the regulatory status of any financial institution or investment firm before engaging in any transactions or investments.

Regulated entities are subject to oversight and compliance with specific rules and regulations, which can provide a level of protection for investors. It is advisable to consult relevant financial regulatory authorities or conduct further investigation to determine if Empire FXM or any similar company has obtained proper regulatory authorization.

CONSOB Warning

The Italian financial regulatory authority CONSOB has issued a warning regarding Empire FXM, indicating potential concerns or irregularities with the company's operations. Traders' reviews about Empire FXM often raise suspicions of it being a scam, highlighting issues such as withdrawal difficulties, poor customer service, and questionable trading practices. Regarding the range of trading instruments and markets offered by Empire FXM, the information available is limited.

However, it is advisable to exercise caution and thoroughly research the company's offerings, as some reviews suggest limited trading options and a lack of transparency. When it comes to deposit and withdrawal methods, Empire FXM's available options may vary, but common methods reported by traders include bank transfers, credit/debit cards, and e-payment platforms. It is crucial for investors to carefully consider these factors and conduct independent research before engaging with Empire FXM or any similar financial institution.

Final Thoughts

Exercising caution and conducting thorough research is vital when dealing with financial institutions like Empire FXM. CONSOB's warning and traders' reviews indicating potential scam activities raise concerns. The regulatory status of Empire FXM remains unknown as of my knowledge cutoff in September 2021.

It is essential to prioritize financial security by thoroughly investigating the company, its offerings, and its reputation before engaging in any transactions. Seek advice from reputable financial professionals and regulatory authorities to ensure a safe investment experience.