Emgw is a forex broker that has been the subject of many complaints and accusations of being a scam. The company does not have any legitimate licenses or regulations, and there is no evidence that it is a legitimate investment firm.
Company Overview
Emgw claims to be a leading forex broker that offers a wide range of trading services. However, the company’s website is full of red flags, including:
- You are required to connect your wallet first to get access to the website
- No contact information for the company’s management team
- No information about the company’s regulatory status
- Unrealistic promises of high returns
Team
The Emgw website does not list any information about the company’s management team. This is a major red flag, as legitimate brokers should always be transparent about who is running the company.
Services or Products
Emgw claims to offer a wide range of trading services, including forex trading, CFD trading, and binary options trading. However, the company’s website does not provide any detailed information about these services.
License and Regulations
Emgw does not have any legitimate licenses or regulations. The company is not registered with any financial regulators, and it does not have any authorization to operate in any jurisdiction.
Why Dealing With An Unlicensed Broker Is Risky?
Dealing with an unlicensed broker is extremely risky. Unlicensed brokers are not subject to any oversight or regulation, which means that they can operate with impunity. They can engage in fraudulent practices, such as refusing to pay out withdrawals or running off with client funds.
Legal Warning Against Emgw
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against Emgw. The FCA warns that Emgw is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are many complaints about Emgw online. Some clients have reported that they have been unable to withdraw their funds from the company, while others have said that they have been contacted by Emgw’s representatives with unsolicited investment advice.
Feedback About Their Trading
Clients who have traded with Emgw have reported that the company’s trading platform is unreliable and that the spreads are very high. They have also said that the company’s customer service is poor.
Feedback About Their Customer Service
Emgw’s customer service has been widely criticized. Clients have reported that they have been unable to get in touch with the company’s representatives and that they have received unhelpful or even rude responses when they have been able to get through.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Emgw or any other broker, ReviewsAdvice can help you get your money back. We have a team of experts who can help you to get a free consultation and recovery service recommendations. These recovery services are really helpful and affordable to help you in recovering the lost funds.
Final Thought
Emgw is a scam broker that should be avoided at all costs. If you are considering trading with Emgw, we strongly advise you to reconsider. There are many legitimate brokers out there that offer safe and secure trading services.
