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.
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