EMAE Review

Posted on by Fxstay

EMAE Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this EMAE Review.

EMAE Review

Eurex Multi Asset Exchange Ltd. (EMAE) claims to be a UK-based exchange that offers trading in forex, CFDs on precious metals, and futures on some currencies and indices. There are four types of live trading accounts: Trading, Arbitrage, Premium and high frequency trading (HFT). EMAE also offers a free demo account.

The Company. Security of Funds

Eurex Multi Asset Exchange Ltd. (EMAE) says it is based in London and claims to be regulated by UK’s Financial Conduct Authority (FCA). Our check in the FCA Financial Services Register, however, revealed that there is no such company. Furthermore, the listing in the Companies House UK registry reveals that the company is registered with a capital of GBP 1. This means that there is no way for the company to be licensed by FCA, which requires a capital of €730 000 in order for the broker to have a license and operate in UK.

Trading Platform

EMAE has a proprietary trading platform, Eurex, which has versions for PC, web (without installation) and mobile applications for smartphones and tablets.

The brokerage does not offer the popular MetaTrader 4 platform or any of the other more widespread forex trading platforms like cTrader.

Methods of payment

EMAE accepts payments via bank wire and electronic payment systems, but does not provide any further details, besides that it does not charge fees for sending and receiving wire payments.

Eurex Multi Asset Exchange Ltd. (EMAE) appears to be a very dubious forex broker. The mere fact that it makes false claims about its FCA regulation should be a big red flag.

Another disturbing thing is the striking similarity with the name of the third-largest derivatives exchange Eurex Exchange, owned by Deutsche Borse.

Then, there are also the ridiculously high minimum deposit requirements for retail clients.

Overall, this forex broker should be avoided at all costs. There are a large number of properly regulated by FCA forex brokers that offer better trading conditions and investing with them is less risky.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

EMAE Review Conclusion

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