EmiDeals falsely uses the license and registration credentials of a non-existing entity. And this tells you the length Emi Deals will go to fool investors. Your funds are far from safe with an unregulated platform. Those who’ve invested with emideals.com are ruing the decision. It’s becoming clear that withdrawing from the platform is nearly impossible. For the past few months, no one has made any withdrawals. Here’s more in our vivid EMIDEALS REVIEW.
As an investor, you need to go for authentic investment options. Go for options backed by experts in the industry. Experts recommend using coin staking, DeFi, and Masternoding as a way of investing safely. It’s your time to shine!
There’s nothing to write home about when it comes to EmiDeals. But unfortunately, the platform fails to give members any information on their background and history. We can tell that the platform is hiding crucial information from the word go.
You would expect a valid platform to provide some insight into their mission. Yet, there are no goals or objectives stated on the homepage. All we have is a platform that claims to offer a fair trading platform.
For newbies, the platform looks professional. Without taking a closer look, most won’t notice the glaring red flags on the platform. And this is why we have to expose the platform. We did come across several red flags.
The platform promises investors maximum profit on their investment. With three trading accounts, you get to choose which favors you. But unfortunately, these accounts will likely fail to provide any meaningful results.
Before you invest in any platform, we recommend doing some due diligence. First, try and find out more about the platform in question. An excellent example would be reading our reviews on all matters relating to the investment.
Emi Deals accepts three funding methods. These include bank, crypto, and wire transfers. After funding your account with bank and wire transfers, the amount reflects within 24 hours. For crypto deposits, your account will show the balance within 30 minutes.
After depositing, the platform gives members false hope that their investment is working. The platform allows you to trade and even make a profit. But, when the time comes to withdraw, that’s when all hell breaks loose.
No member has made any withdrawals for the past few weeks. And this points to a platform that rips off investors. There’s no word from support as to why this is happening. We can tell that newbies are the main target on this platform.
EmiDeals furnishes investors with three trading accounts. These include Novice, Real, and Major player. Each of these accounts comes with a different set of features. Here’s a closer look at each of these accounts.
Novice
The account is set aside for newbies or those new to trading. You must deposit a minimum of $1,000 to get started with the account. The leverage for the account is 1:20, with members enjoying crypto and metal trading.
Real
For a Real account, holders must deposit $25,000 to get started with this account. Leverage starts at 1:50, with the platform having PAMM account trading. There are no swaps with the platform having instant execution.
Major
It’s the most exclusive account, with members having to deposit $50,000. The leverage is 1:100, with members having a personal account manager. EFT and index trading are available with the account promising deposit insurance.
There are a few issues worth mentioning about these accounts. One of the main red flags is the bloated minimum deposit. Even novice investors have to deposit $1,000 to start trading. That’s way above the industry-recommended amount.
Regulators in nearly all jurisdictions accept a minimum acceptable deposit of $250. Any platform asking for more is clearly taking advantage of investors. The major account targets institutional traders with their deposit insurance claims.
Although the platform promises a deposit manager, that’s not the case. Instead, the platform hires call agents to act as deposit managers. These agents will call you with a claim of having an open lucrative position.
All you have to do is deposit with them and wait for the profits to soar. The manager claims the position is only available for a few investors to make matters look interesting. Instead, it makes you feel important and lucky to get into such a play.
Days go by without you hearing from the account manager. Before long, a month has gone, and there’s no word from the account manager. The platform will downplay the scenario by replacing the manager with a new one.
There are five classes of trading instruments available on the platform. These include commodities, crypto, forex, indices, and stocks. You get to trade commodities such as crude oil, gas, gold, and more.
The platform pairs leading crypto coins with major currency pairs. Some of the crypto assets to find include Bitcoin, Doge, Ethereum, Litecoin, Ripple, and more. In addition, these assets get paired with major currencies such as EUR, GBP, and USD.
Forex trading happens to be at the center of the platform’s activities. You get to trade major and minor currency pairs. Unfortunately, the platform fails to provide exotic pairs, which is a nice way of spreading your risks.
Indices available on the platform include DAX, DJIA, FTSE 100, and more. These indices help investors get a chance to trade on the world stage. As a result, you get to determine the prices of most products on a global scale.
Shares also represent a high trade volume and a perfect way for day traders to profit. Some of the stocks to get include leading manufacturing and tech companies. You also get shares from the FAANG group.
We don’t have any information on who owns the platform. All we have is an address that doesn’t match the platform’s registry details. There’s also no business registry of the platform in any jurisdiction.
And this means EmiDeals is an anonymous investment platform. You are bound to make losses with such a platform. These are some facts that no investor will bother checking on a platform before signing up.
There’s no live chat support to help members conduct their business effectively. Members can only email and wait for a response. The platform has a slow email response time. You will notice the contact page fails to leave any phone number.
Any platform without direct access to staff members seems phony. You need to invest in platforms that guarantee safety when trading. Go for platforms with your interest at heart and are willing to talk to you.
Your funds are far from safe with a platform that fails to segregate accounts. The platform also fails to deposit the minimum acceptable amount with regulators. It’s the amount used as insurance cover if the platform goes bankrupt or winds up.
EmiDeals is not a licensed platform despite claims of having a license from CySEC. The platform also claims to have valid documents from several other regulators. These are false claims that don’t lead anywhere.
It would be best to avoid emideals.com as the platform fails to allow withdrawals. Additionally, your funds are not safe with a platform that blocks all attempts to make contact.
Experts recommend that you use proven entities. Then, go for the best investment options the industry has to offer.
Feel free to leave a comment or email us with any queries.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments