Trading in the financial market can be lucrative if you have the right knowledge, skills, and tools. However, it can also be risky if you deal with unscrupulous brokers who are only interested in taking your money. One such brokers is Emmegiconsulenzesagl.com. In this article, we will take a closer look at this broker, its services, license and regulations, legal warnings, client feedback, and how you can protect yourself from being scammed.
Company Overview:
Broker Name | Emmegi Consulenze Sagl |
Website | http://emmegiconsulenzesagl.com/ |
Location | Campagna 1, 6900 Lugano, Switzerland |
Regulation | Not regulated |
Warnings | FINMA, CONSOB, FSMA |
Traders’ Review | Negative |
Team
This broker claimed to have a professional team, but they don’t have any proof for that. They did not provide any team details, contact information, qualifications, career backgrounds, etc. This indicates that their claim of having a professional team is false.
Services or Products
Emmegiconsulenzesagl.com claims to provide a range of financial products and services, including forex, commodities, indices, and cryptocurrency trading. The company claims to offer competitive spreads, fast execution, and reliable trading platforms.
Trading Platforms
Emmegiconsulenzesagl.com claims to offer multiple trading platforms, including MT4 and MT5. These platforms are popular among traders and are known for their user-friendly interface, advanced charting tools, and automated trading features. But, when we tried to check the platform, we did not have a chance to look at those. There was no option for demo accounts or examples of their platform.
License and Regulations
In this section, we will check the license and regulation status of this broker to be sure whether they can be trusted or not.
License Status
Emmegiconsulenzesagl.com claims to be a licensed and regulated broker. However, we could not find any evidence to support this claim. The website does not provide any information about the regulatory body that oversees its operations.
Regulation Status:
Emmegiconsulenzesagl.com claims to be regulated by the Financial Market Authority (FMA) of Austria. However, we could not find any evidence to support this claim. The FMA does not have Emmegiconsulenzesagl.com listed as a licensed broker on its website.
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.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers can be risky because these brokers are not bound by any regulatory framework. This means that they can engage in fraudulent activities such as manipulating prices, misappropriating client funds, and refusing to honor withdrawals. Dealing with unlicensed brokers can also expose you to identity theft and other forms of cybercrime.
Legal Warnings Against Emmegiconsulenzesagl.com
There are several legal warnings against Emmegiconsulenzesagl.com. The Italian financial regulator, CONSOB, has issued a warning against the company, stating that it is not authorized to provide financial services in Italy.Â
The Belgian financial regulator, FSMA, has also issued a warning against the company, stating that it is not authorized to provide financial services in Belgium.
FINMA issued a warning against this company stating they are a clone company of another licensed company in Switzerland.
These warnings ensure that this broker is not licensed and not eligible to get any investments.
Client Feedback About Emmegiconsulenzesagl.com
About Trading
Many clients have reported experiencing issues with trading on Emmegiconsulenzesagl.com. Some clients have reported that the platform is slow and unresponsive, making it difficult to execute trades. Other clients have reported that the prices on the platform do not reflect the actual market prices, leading to significant losses.
About Customer Service
Clients have also reported experiencing issues with customer service on Emmegiconsulenzesagl.com. Many clients have reported that the company is unresponsive to their queries and concerns. Others have reported that the company is slow to process withdrawal requests.
How Can FX Farm Update Help You If You Get Scammed?
FX Farm Update is a website that provides information and support to victims of forex scams. The website provides a range of resources, including guides on how to spot forex scams, a list of known forex scams, and a forum where victims can share their experiences and seek advice from experts. If you have been scammed by Emmegiconsulenzesagl.com or any other forex broker, you can visit the FX Farm Update website for help and support.
Our experts will provide you with a free consultation and guidance on how to recover your lost money.
Final Thought
In conclusion, Emmegiconsulenzesagl.com is an unlicensed and unregulated forex broker that has been the subject of legal warnings and client complaints. Always look for licensed and regulated brokers and be wary of brokers that make unrealistic promises or offer overly generous bonuses. If you have been scammed by Emmegiconsulenzesagl.com or any other forex broker, seek help and support from trusted sources such as FX Farm Update.
