Corporate Profile
EGMARKETS Is A Broker Established In The United Kingdom In 2022, Mainly For The African Market, Especially Nigeria. Its Official Website Claims To Offer A Variety Of Trading Instruments Including Foreign Exchange Pairs, Stocks, Indices And Commodities. However, The Broker Is Currently Facing Serious Compliance Issues, Such As No Legal Regulation And Being Expelled From Industry Organizations.
Regulatory Information
EGMARKETS Claims To Be Registered In The United Kingdom, But Is Not Regulated By The Financial Conduct Authority (FCA). When Searching For Relevant Information On The FCA's Official Website, No Records Were Found, Indicating A Problem With Its Legality. In Addition, EGMARKETS Once Claimed To Be A Member Of The Financial Commission (FinaCom), But Has Been Expelled From The Organization. Therefore, The Broker Is Currently Unregulated.
Trading Products
EGMARKETS Offers The Following Trading Tools:
- Forex Pairs : Including Major Currency Pairs (e.g. EUR/USD, GBP/USD) And Emerging Market Currency Pairs.
- Stocks : Covers Stocks Of Well-known Global Companies, But The Specific Underlying Assets Are Not Clear.
- Indices : Includes Mainstream Stock Indices Such As The S & P 500, Nasdaq.
- Commodities : Commodities Such As Gold, Crude Oil, And Others. Cryptocurrencies, Bonds, Options, ETFs, And Other Instruments Are Not Yet Supported .
Trading Software
EGMARKETS Claims To Offer Trading Platforms Such As MetaTrader4 (MT4), Eagletrade, And Copytrade. However, As Its Official Website Is Inaccessible, It Is Impossible To Verify The Real Existence Of These Platforms. In Addition, Its Unregulated Status Also Raises Questions About The Legality Of Its MT4 License.
Deposit And Withdrawal Methods
The Minimum Deposit For EGMARKETS Is $250 . The Specific Deposit And Withdrawal Methods Are Not Clear, But Customer Support Channels Include Phone, Email, WhatsApp, X (Twitter), LinkedIn, Facebook, Instagram, And YouTube.
Customer Support
EGMARKETS Offers Multiple Customer Support Channels, Including Phone, Email, WhatsApp, And Social Media Platforms. However, Its Official Website Is Not Accessible, Which Increases The Practical Difficulty Of Obtaining Customer Support.
CORE BUSINESS AND SERVICES
EGMARKETS 'main Business Is To Provide Foreign Exchange, Stocks, Indices And Commodities Trading Services To The African Market. Its Target Clients Include Both Beginners And Traders With Some Experience. However, Its High-risk 1:400 Leverage And Unproven Trading Platform Make Its Business Model A Significant Security Risk.
TECHNOLOGY INSTRUCTURES
EGMARKETS Claims To Use MT4 And Proprietary Platforms Such As Eagletrade And Copytrade, But Does Not Provide Detailed Technical Infrastructure Information. Its Official Website Is Not Accessible, Adding To Doubts About Its Technical Capabilities.
Compliance And Risk Control System
EGMARKETS Is Not Overseen By Any Authoritative Regulatory Body And Does Not Provide Any Compliance Statement Or Details Of The Risk Management System. Its High Leverage Ratio And Unregulated Status Make Its Risk Management System Lack Credibility.
Market Positioning And Competitive Advantage
EGMARKETS Is Positioned As A Broker Serving The African Market, Especially Nigeria. However, Its Lack Of Regulation And High Risk Leverage Ratio Make Its Competitiveness Seriously Questioned. Its Main Advantages Lie In Multiple Trading Tools And Comprehensive Customer Support Channels, But These Advantages Are Reduced To Empty Talk Due To Compliance Issues.
CUSTOMER SUPPORT AND Empower
EGMARKETS Offers Multiple Channels Of Customer Support, But Its Official Website Is Not Accessible, Leading To Doubts About The Actual Availability Of Customer Support. In Addition, It Does Not Offer Demo Accounts, Which Is Not Sufficiently Supportive For Its Target Customers (especially Beginners).
SOCIAL RESPONSIBILITY AND ESG
EGMARKETS Does Not Provide Any Information About Its Social Responsibility Or ESG (Environmental, Social And Governance) Practices.
Strategic Cooperation Ecology
EGMARKETS Does Not Clarify Any Information About Its Strategic Partners Or Ecosystem. Its Official Website Is Not Accessible, Further Limiting Knowledge Of Its Cooperation Network.
FINANCIAL HEALTH
EGMARKETS Has Not Provided Any Public Information About Its Financial Condition, Including Revenue, Expenses Or Profitability.
Future Roadmap
EGMARKETS Has Not Provided Any Information About Its Future Plans Or Roadmap. Its Official Website Is Not Accessible, Adding To The Uncertainty About Its Future Development.
NOTE : EGMARKETS Is Currently Unregulated And Its Official Website Is Not Accessible, Indicating That Its Ability To Act As A Trusted Broker Is Seriously Inadequate. Investors Should Carefully Consider Partnering With The Firm.
