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EMPIRETRADING.NET SCAM? FRAUD? What is behind this broker?

EMPIRETRADING.NET SCAM? FRAUD? What is behind this broker?

GoodBad
-Highly qualified support team  -Restricted option of withdrawal methods
-Segregated accounts  -Offshore broker
-Pure ECN and STP accounts-Metatrader5 only
-Wide range of instrument   
      -Depository bank in EU

Site languages: English, Spanish, German, French, Russian, Chinese.

Platform:Metatrader 5 and FIX API

Account type: STO and pure ECN

Maximum leverage: 1: 400

Minimum deposit: 1000 eur / usd

Execution time:lessthan 200ms

Minimum Contract: 0.01 lot

Trading Instruments:Forex Pairs /  Commodities / Indices / Cryptocurrencies / Futures / Options / Shares

Investments: PAMM manager / PAMM investor

Partnership:Introducing Broker / White Label

Bonuses: Wide range of Bonuses

Support: Live chat / email / Phone

Segregated Account: Yes

EU banks: Yes

EMPIRETRADING.NET SCAM? FRAUD? What is behind this broker?

Welcome to this review where we will analyze some pros and cons of this little-known international broker that deserve sattention.

EmpireTrading.net is an international brokerage firm owned by Techsync Management Consultancies FZE registered in Emirates Free Trade Zone.

Techsync Management Consultancies FZE is authorized and regulated by the United Arab Quwain Authority (UAQ) with license number 1861, with offices at Al Shmookh Building, P.O. Box 7073, Dubai – United Arab Emirates and London, 7 Bell Yard, WC2A 2JR – United Kingdom.

EmpireTradingis one of the very few offshore brokers to have custodian banks in Europe.

Client deposits are segregated, i.e. separated from the broker’s share capital, which confers a high degree of security. The management informs us that several European licenses will arrive shortly as the Broker intends to expand more and more.

We identify 2 types of trading accounts, namely STP and ECN. The Broker isnot a market maker and acts as the sole intermediary between the client and the Liquidity Provider. He baseshis earnings exclusively on the spreads applied on each transaction.

The execution times are very fast.

For money managers Empire Trading offers a PAMM managed account service. In order to open its own PAMM, the broker performs a filtering requesting specific characteristics and certified histories from authoritative sources such as Myfxbook or FxBlue. This denotes a clear sign of seriousness and a realintention of wanting to do well.

The platformsused by EmpireTrading are Metatrader 5 and FIX API.

Metatrader 5is the latestMetaquotes platform, much better than Metatrader 4.

For all those who have automatic or semi-automatic trading software, compatible only with metatrader 4, the broker offers a software conversion service from mt4 to mt5. An exclusive service that no one else offers.

FIX API instead, allows you to use MT5 by connecting from totally different platforms.

Empire Trading offers the ability to customize trading accounts. Just contact the support and make your requests. As far as possible, the technical support guys will meet the user’s request.

The deposit can be made by bank transfer and through crypto currencies. The company is also doing its most to initiate payments by credit / prepaid card in order to be more competitive.

The minimum depositis 1000 EUR / USD. This denotes the broker’swillingness to filter out its clientele. Brokers with generally high minimum deposittend to seek out more professional clients as their business model is based on earning from the spread. The more the client earns or trades, the more satisfied the Broker is, unlike market maker brokers who hinder the user as much as possible to lose money by offering very small deposits. From what emerges, Empire Trading tries to offer the best possible market conditions within the limits of its technological possibilities.

We also found a very high level of professionalism on the part of the support both in Live Chat and via email. They answer edmany of our questions with great patience and precision. Therefore we can confirm an excellent well trained staff.

We guarantee that receiving optimal support is essential to obtaining a satisfying trading experience, in addition to all the features already mentioned.

The maximum leverage 1: 400 was a must for an Offshore Broker. Trading with low leverage has become reallydifficult especially if you want to use automatic trading systems. With low leverage it is practically impossible to use them, unlessthese software are FIFO Compliant or similar.


Let’s move on to the tools. On Empire Trading we have all Forex Pairs, Commodities, Indices, Cryptocurrencies and even Futures, Options and Shares available. Virtually almost no Broker, if not the TOP ones, offer Futures as instruments. Empire Trading particularly surprised us from this point of view.

Conclusion

We believe that Empire Tradingis a broker to be monitored because it is very interesting.
In the future we could hear a lot about this broker, who presents himself on the market with humility and with a great desire to do well. To conclude, a fraudulent Broker would not offer optimal market conditions, he would be a market maker but above all he would not have segregated funds in Europe. To date, everything is outlined, they would have chosen banks outside the EU area. Of course this is just our opinion, we have the feeling that Empire Trading is a broker who wants to grow well, and its structure is proofing it.