WikiFX Review: EminiFX, traders need to be aware of this broker

What EminiFX is

EminiFX is an online forex broker who is located at 31 West 34th Street, New York NY 10001.

Uninformative Website

EminFXs website seems still in progress. It looks generally incomplete. Based on its website, we are not able to get enough information related to this broker. It is hard to figure out who runs and owns this company. It also lacks documents to help us understand this broker deeper.

Regulation

According to WikiFX, this broker doesn‘t have a legitimate license, and it isn’t regulated by any regulatory institution, WikiFX has given this broker a very low rating of 1.01/10. therefore, we advise you to avoid this broker as it may endanger your funds.

Robo-Advisor Assisted Account (RA3) plan

EminiFX emphasizes that their Robo-Advisor Assisted Account (RA3) plan can offer traders the service of automated trading, which can save traders‘ time and traders can free up the time for other activities. Traders don’t need to have any previous trading knowledge or experience as the RA3 will do the trading for you.

Trading Platforms

According to its website, EminiFX claimed that the MT4/MT5 Platform is coming soon featuring ultra-low commissions. But we don't know what platform EminiFX currently uses yet.

How the risk looks like

Tempting enough as its offer seems to look, EminiFX tries its best to persuade clients to invest with them. On its website, EminiFX emphasizes “You can also build teams to expand your network and earn profits when you introduce others to this EminiFX platform.” This means the traders have the opportunity to earn extra income not only when they trade but also when they refer a friend or fellow trader. Accordingly, EminiFX is likely to give you some baits to make you believe that there are a lot of potential returns as long as you invest in them. Once you deposit, your money probably go shores where it disappears, so you will have almost no chargeback option left.

Conclusion

Since EminiFX is an unregulated broker, we advise you to stay away from this broker, or you may lose control of your money and no one can hold it accountable. Besides, this broker lacks so much information. And you should have a full understanding of this broker before investing in it. WikiFX contains details of more than 34,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. Additionally, we want to invite you to read another review on TIO Markets,which may give you a different way of thinking when trading. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link(https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.