Read our Empire Trading review carefully to understand why this No-ESMA high leverage offshore trading broker is a good broker. Just to clarify the doubts, this is a review of empiretrading.net.
Who are them?
After taking a look at their website, it shows that they are not part of any regulatory agency at the moment, but are mobilizing fairly quickly on this important aspect.
Empire Trading Ltd is a company owned by Techsync Management Consultancies LLC, registered and incorporated in the Dubai Free Trade Zone with registration number 100561717800003. Techsync Management Consultancies LLC is a company authorized and regulated by the United Arab Quwain Authority (UAQ) with number of license 1861, registered office in Al Shmookh Building, PO Box 7073, Dubai – United Arab Emirates.
Al momento, il broker è in possesso di una licenza di consulenza finanziaria, registrata alla United Arab Quwain Authority, e a breve sará disponibile una licenza forex su Dubai, ed un’altra in Lituania.
At the moment, the broker holds a financial advisory license, registered with the United Arab Quwain Authority, and a forex license will soon be available in Dubai, and another in Lithuania.
So Empire Trading is an offshore broker, which means that clients’ funds are not protected many would say, but that’s not the case. To overcome this problem, the broker has obtained the consent of some European banking giants, which allow high security deposits. Empire Trading has deposited not only margin capital for its clients, but also license applications in Dubai and Lithuania.
Is EmpireTrading.net a scam or not?
We explain to you technically why it is not a scam.
Client funds are segregated and not accessible to third parties, including brokers, i.e. untouchable. This constitutes the highest degree of security on deposits in both regulated and non-regulated brokers to date.
See the case of a well-known Broker perfectly regulated, with FCA (UK) and Cysec (Cyprus) licenses, who escaped with over 40 million euros of customers.
Why did this happen? Because customers made deposits without segregating them.
This allowed the Broker to take their clients’ money and do what they wanted with it. Regulations are fundamental and important, we do not question this, but without the segregation of funds there is no degree of security.
This fundamental aspect has been addressed quite well by Empire Trading.
On google I have read some blogs that say it is a Scam Broker. But it’s true?
Online We have noticed several unreliable Blogs that offer other Broker Market Makers in exchange for commissions on the money lost by their subscribers, in which there are analyses without proof and not at all in depth. Beware of this kind of blog, they just want to bring water (in this case you) to their mill (their Broker Market Makers).
With this review, we want to stand out and do the work that few have done in total transparency without any conflict of interest.
We will not offer you any Broker, this is just an Empire Trading analysis based on real data made available by the company.
Which banks does Empire Trading uses?
Empire Trading uses two large European banks, namely Raiffeisen Bank and BNP Paribas.
Raiffeisen is an Austrian cooperative bank with interests in Central and Eastern Europe. Raiffeisen Zentralbank, which was the central institution of the Raiffeisen Austria group, was merged in 2017 with its subsidiary Raiffeisen Bank International.
BNP Paribas is a credit group operating in financial services and one of the 6 strongest banks in the world according to the evaluation of the rating firm Standard & Poor’s. The Group is present in Europe in four domestic markets through the retail bank: Belgium, France, Italy and Luxembourg.
BNP Paribas has a presence in 75 countries and a staff of 192,092 employees.
It also holds key positions in three business sectors: Retail banking, Corporate & Investment Banking, Investment Solutions.
The Group is listed on the Paris Stock Exchange (CAC 40); it is traded in Milan in the MTA International section, Frankfurt, London and New York; it is also present in the main international stock market indices.
Let’s be serious. We have never seen a Scam broker endorsed by banks of this level. Obtaining a European account for an Off-shore Broker is impossible if a series of very strict rules are not respected, this attests and certify the nature and transparency of the company. Today, the Banks are tougher than ever.
Therefore, this is a further point in favor of Empire Trading Broker.
Does Empire Trading make money from customer losses?
Let’s also dispel this myth.
Empire Trading offers 2 types of accounts: STP and ECN. These accounts are provided by brokers linked directly to Liquidity Providers, which are usually banks. The Broker’s profit consists univocally on the spread applied for each operation and on the commissions.
Unlike Broker Market Makers who profit from client losses, Empire Trading has an interest in their clients earning and not burning their account. For this reason, it has adopted a customer filtering policy through accounts with particular characteristics that you can see in the following image.
What are the services offered by Empire Trading?
TRADING: Forex, Indices, Commodities, Stocks and Futures
PLATFORMS: MT5 Desktop, MT5 Webtrader, MT5 Mobile, Fix API
TAILOR-MADE SERVICES: Transform your EA from MT4 to MT5 for free
EXECUTION SPEED: Average below 200ms, latency always below 4ms, LD4 server only
LIQUIDITY: The best Bid / Ask price on the market thanks to our trusted liquidity provider
PAMM: PAMM Investor and PAMM Manager, earn money without stress and automatically
SECURITY OF FUNDS: The funds are guaranteed by the best European banks and segregated
PROFESSIONAL SUPPORT: Professional customer support: email, live online chat, telegram chat or free call. Spoken language: English, Italian, Arabic, Spanish.
Conclusions on Empire Trading
To date we can define the broker as solid, customers and IBs are enthusiastic, payments always on time and no customer has ever encountered any problems with Empire Trading.
What we liked the most:
-Account opening in less than 2 minutes (They simplified and greatly facilitated the registration procedure with the Broker, in 99% of cases cumbersome and boring on other Brokers);
-Ultra-fast withdrawals and deposits (They use instant transfers);
-Historical and European banking groups;
-Support: we speak English, Spanish, Italian and Arabic (very quick and well prepared support);
-No hidden costs (we found a lot of transparency, unlike many brokers, even regulated ones, who often hide skeletons in the closet);
-PAMM selected with historical records of at least 1 year and clear to the public verified on Myfxbook or FX Blue REAL (We liked this aspect very much. Most brokers, do not filter the traders who manage PAMM funds and their operations. Clear sign of seriousness, transparency and professionalism).
We cannot guarantee anything of course and above all this is not financial or investment advice, but from the data collected we absolutely do not believe that Empire Trading is a Scam or Scam Broker. The right conditions have been set to avoid problems as much as possible, which we often find in Regulated Brokers.
Be wary of the opinions of Blogs that offer you other Brokers with 1000 banners on the article. Avoid opinions with conflicts of interest. We just have to wish you…