Empire Trading is a company that promises clients profitable opportunities to earn on financial markets. However, many user reviews influenced by them say the opposite. Investors complain about the company’s dishonest methods, claiming that Empire Trading does not fulfill its obligations and seeks to maximize profits at the expense of clients. Let’s take a closer look at how valid these claims are.
Empire Trading Website Overview
Empire Trading focuses on a wide audience, which is one of their advantages. However, specialized services rate the site poorly due to its clumsy design and lack of specifics. The project’s website leaves much to be desired, appearing hastily created. Even though the domain was registered in October 2019, there was no activity on the site until 2021. Reviews about the service indicate problems with support service availability, making it nearly impossible to contact them. Concern arises from the fact that the only means of contact is a feedback form, likely used to gather clients’ personal data.
Information about Empire Trading Company
According to the company’s claims, Empire Trading is founded by experienced analysts and traders. The site states that Techsync Management Consultancies FZE from the UAE manages the brand. The company states that the broker operates within the legislation controlled by the United Arab Quwain Authority. However, there is no confirmation of the company holding a license. In fact, in the UAE, financial organizations are supervised by the Central Bank (CBUAE), but Empire Trading is not listed in their registry. Such actions by the broker may be considered illegal.
In Russia, Empire Trading is blacklisted by the Central Bank and not recommended for cooperation due to signs of fraud. The company’s user documents may be misleading, as they contain terms that exempt the company from financial liability.
Earning Conditions
According to reviews, Empire Trading offers favorable cooperation conditions. Many traders are attracted by the opportunity to use a demo account without the need to deposit funds immediately. While often seen as an advantage, according to reviews, this approach by the company often leads to deception. Users are required to invest minimum amounts starting from $1,000 as an initial deposit. Empire Trading also tries to persuade traders to use PAMM investing for passive income. However, the company’s payment options are limited to bank transfers and transactions in decentralized cryptocurrencies.
Client Reviews
Real client reviews about cooperating with Empire Trading can be found online. Many of them note a negative experience and claim to have lost money because of the company.
What Tactics Does Empire Trading Use?
Empire Trading employs tricks designed to deceive beginners. The firm advises starting with a demo account and utilizing PAMM investing, hinting at the safety of such actions. However, this is just a ploy: the company does not take responsibility for trading results and can easily dispose of your budget.
Conclusion
Empire Trading’s placement on the Central Bank’s blacklist and negative feedback from real clients speak for themselves. The company operates without proper legal grounds and does not pursue honest activities. During registration, it forces clients to agree to conditions that open up possibilities for fraud. Employees of Empire Trading are leading themselves to inevitable consequences.
If you have personal experience interacting with this company, feel free to share it in the comments below.
Empire Trading offers a comprehensive range of trading tools and options, although the process for withdrawal and payment cash-out could be made more streamlined.