Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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eMarketsTrade Broker Review

  1. eMarketsTrade is an unregulated forex brokers that is focused on cryptocurrencies. Cryptocurrency trading is promoted all over their website which can make traders think that they will enjoy an impressive trading experience. Considering that cryptocurrencies are quite popular at the moment, we wanted to do a eMarketsTrade review in order to help traders make the decision whether or not this broker is suitable for them.

    eMarketsTrade promises a lot, so we have great expectations from this forex broker.

  2. Account Features

    When it comes to account selection, eMarketsTrade users can select one of five accounts or ‘chains’ as they call them. Even though we always appreciate a variety of trading accounts, we must mention that the price tag on these accounts is quite high.

    Bronze Chain

    • Minimum deposit – $2,500
    • Trading on the platform
    • Seminars and webinars
    • Daily market review
    • Introduction to financial markets

    Silver Chain

    • Minimum deposit – $5,000
    • Benefits of Bronze chain
    • Personal Chain manager
    • No maintenance fee
    • Risk management team

    Gold Chain

    • Minimum deposit – $10,000
    • No withdrawal fees
    • Welcome bonus
    • Monthly fixed block amount
    • Private educational session with a 3rd party

    Platinum Chain

    • Minimum deposit – $50,000
    • Benefits of Gold chain
    • Personal coach
    • Live trading session
    • Loyal chain program

    Diamond Chain

    • Minimum deposit – $100,000
    • Benefits of Gold chain
    • Quarterly crypto report
    • Executive crypto indicator
    • Customized crypto package
    • Diamond chain bonus

    Satoshi Mogul Chain

    • Minimum deposit – $250,000
    • Completely personalized trading

    eMarketsTrade Bonus and Promotions

    eMarkets Trade advertised several attractive promotions and bonuses that traders will definitely find interesting. During the writing of this eMarketsTrade review, traders were able to win one out of fine Ethereum coins. In promotional terms and conditions, we found several interesting points:

    • Traders that make an account and a deposit in the amount of $1,500 are automatically participating in promotion
    • The broker keeps the right to provide winners with the bonus amount equivalent to the value of one Ethereum. This means that even if you win, you maybe won’t be in possession of a crypto coin
    • In the case above, bonus terms and conditions apply

    We consider these points to be quite unreasonable and not very user-friendly. Make sure to decline any promotions you don’t want to be a part of and inform customer support about it.

    Unfortunately, bonus terms and conditions are not listed in the document called ‘Terms and Conditions’ but in a special bonus policy document. Considering the complicated nature of the eMarketsTrade bonuses and numerous types of bonuses they are offering, we recommend you read the Bonus Policy on their website before accepting any sort of bonus or risk-free trades that are also affected by this documents, as all bonuses are final and cannot be removed once on the account.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
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  5. Trading Software & Assets

    During the writing of eMarketsTrade review, we opened a trading account in order to see how the platform looks like. They are using Tradologic Krypton trading platform.

    We couldn’t find any information on the underlying assets offered by the broker. The broker heavily advertises different cryptocurrencies such as Dash, Ethereum, Litecoin, Monero and Bitcoin. Once we entered the trading room, we noticed that it is primarily focused on cryptocurrencies trading.

    There are also two different trading modes advertised – CryptoFX and SimplexCrypto

    eMarketsTrade CryptoFX

    CryptoFX is advertised as a forex trading interface where you can combine cryptocurrencies with traditional currencies for more exciting trading experience. Basically, this is traditional forex trading platform with cryptos added as an underlying asset.

    eMarketsTrade SimplexCrypto

    SimplexCrypto offers additional 2,000 instruments. Considering that you can’t take a look prior to depositing, we can only presume these are CFD instruments.

    eMarketsTrade doesn’t offer a smartphone app for mobile trading, but the trading interface can be accessed via your mobile browser. The mobile version of the webpage has not impressed us with a design and is basically a simplified version of the desktop website.

    Unfortunately, eMarketsTrade does not offer a demo account that traders could use to practice and polish their skills. Most forex brokers nowadays consider a demo account to be one of the most important things they can offer so this is quite surprising revelation.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Support Information

    Testing the customer support is one of the most important elements of our reviews. eMarketsTrade is no exception. Traders must always understand how good customer support can help them understand the trading conditions better.

    eMarketsTrade has a live chat that is positioned in the lower right corner of the screen. If you want to ask a question, you will have to provide your name and email. Once we filled that out, we asked our question, but we must admit – agents could be a bit faster. We were transferred between agents all the time.

    Besides live chat, there are also an online form you can fill out, email, and phone numbers for UK, Germany, Australia, Switzerland and, Italy. The website is available in English, German, and Italian language.

    eMarketsTrade doesn’t offer a demo but provides many educational materials that are organized in the Academy section and divided by topics. You can read an eBook, or simply watch short videos on different topics. Make sure to do your research prior to trading with eMarketsTrade broker. Unfortunately, we were not able to find the FAQ section that always comes in handy, but there is a Glossary where you can look up frequently used trading terms.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. Banking & Company Information

    While minimum deposit limit with eMarketsTrade is quite high, the minimum withdrawal limit is quite reasonable – $25. Bank wire withdrawals are limited to the minimum of $100. There are several methods you can use to make a deposit or withdrawal, but two are main and most preferred:

    • Credit cards
    • Bank wire

    Before making a withdrawal, traders are obliged to verify their identity. This step is necessary so the broker is sure the money isn’t going to the wrong hands. In order to verify the account, you will have to provide:

    • Proof of ID – copy of identity document with a photo
    • Proof of residence
    • Finish the complete assessment of the appropriateness
    • Verify the payment method you are planning to use (as instructed on the website)

    The broker does not promise how long will it take for your withdrawal to be processed, but bear in mind they are not processing them on weekends and are doing it only during working hours. Also, it may take longer for your withdrawal to be visible on your bank account due to different AML policies. eMarketsTrade promises not to charge any fees, except in case a bonus has been excepted. In that case, they charge a Handling fee in the amount of 30%. Make sure to check out the Bonus policy for a specific calculation.

    eMarketsTrade is an unregulated broker.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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