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EMD Financials Review: An Offshore Investment Scare

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EMD Financials Review: An Offshore Investment Scare

A repeat forex investment platform, EMD Financials is now an exposed service provider. The platform has transformed itself but still uses the same domain. Our efforts to track down the people behind it bore no fruit. Sadly, it’s what members are going through once they decide to withdraw funds. What ideally looks like a genuine forex investment platform is a high-risk option. None of the members have yet to see any profit. Learn more in our EMD FINANCIALS Review.

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A Brief Overview of EMD Financials

EMD Financials Review

EMD Financials LLC is the company behind this platform. However, as far as the location of their headquarters goes, no one knows. As a result, EMDFinancials is surrounded by anonymity and mystery, two features to avoid when investing.

Mathew Macintosh is one of the victims who reached out asking for our help. He made contact and was urged to deposit $1,000 for high-profit margins. Once he made the deposit, he started trading and was making normal profits.

The profit would reflect on his account, and a few weeks down the line, he decided to withdraw. And this is when all hell broke loose. Mathew has been unable to withdraw $1 575 from his EMD Financials account.

He’s not the only investor to go through this harrowing experience. Others have been facing the same issue and not speaking out. Some members have been posting scathing comments on social media regarding Emdforex.com.

Account opening and registration

Opening an account with EMD Financials is easy, and the process takes less than 15 minutes to complete. First, you need to fill in your address, contact, and full names. Once you do so, you are free to deposit and start trading.

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The registration process doesn’t end there; when withdrawing for the first time, the platform demands verification documents. You must send in a copy of your ID, bank statements, and credit card information.

We don’t see the need for all these documents as the platform can use other means to verify accounts. An excellent example would be sending emails with verification links or SMS codes. So why go to such extremes?

Matt Lisbon, a Cybersecurity expert, warns the platform is probably harvesting banking data from clients. So investors should be extra careful with whom they share their documents. There’s no telling what the platform does with these documents.

Account types on EMD Financials

EMD Financials offers two account types to choose from. These accounts include Standard and Premium. They all use the same MT5 trading terminal, one of the best trading terminals.

Standard

For the standard account, the minimum allowed deposit is $1. Spreads start from 0.6, with the spread type being variable. The maximum trade size is 500, while the minimum trade size is 0.01. Leverage is set to 1:100, which is fair in our eyes.

Premium

The premium account is their most exclusive account. They claim it’s the best plan to start with, as the minimum deposit is set at $100. However, spreads are set at RAW with commissions as low as $10 per lot.

EMD Financials Account Types

Leverage is set at 1:300, with the spread type being variable. The maximum trade size is 100, while the minimum trade size is 0.10. There’s really not much to talk about with the accounts as they seem standard to us.

Affiliates and promotions

EMDFinancials offers affiliate programs with deposit bonus promotions. In addition, the platform is offering Cost per acquisition model for website owners. However, as far as affiliate programs go, we wouldn’t recommend them.

The platform already has negative reviews from affiliate members. Most claim the platform does not release commissions. And then there’s the issue of the welcome bonus. The platform offers a 25 percent welcome bonus.

For those new to forex investing, this could look like a viable way to get income capital. Before you deposit a large sum hoping to get a 25 percent bonus, know all the facts. The platform is using the 25 percent welcome bonus feature to attract more investors.

Think about it for a second, why would anyone offer such a high bonus? Once you deposit funds, the bonus will reflect in your account. The only problem is that you won’t get the chance to withdraw.

Deposit and withdrawal options

We can only talk about depositing as withdrawal is not possible with emdforex.com. Depository options listed include Bitcoin, MasterCard, Neteller, PayPal, and Visa. Only PayPal might offer a way to get back your funds with their client resolution feature.

Mathew and other members have not had the chance to withdraw from the platform. And this makes us question the intent behind not allowing withdrawals. It means these people are hoarding member funds.

MetaTrader5 Platform

It’s one of the best trading terminals to use alongside MT4 and SIRIX. The platform is ideal as it gives you reliable tools with fast execution. Stability is another feature that makes the MT5 trading terminal an added advantage.

Despite offering this platform, there’s one issue that makes EMDFinancials a wreck. Although MT5 gives you trading advantages, you won’t enjoy the benefits. The platform blocks withdrawals making it all a waste of your valuable time.

Support staff

Contacting the staff members is no easy task. First, there’s a message tab where you leave your name, email, and message. Then, on the contact page, the platform uses Google maps to show their physical address.

And this shows they are in St Vincent and the Grenadines. It’s an offshore investment platform with no direct way of making contact. There’s no phone number listed which means they avoid direct communication.

EMD Financials License and Registration

EMDFinancials Mission and Objectives

Another feature to point out is the lack of clear license and registration. And this is glaring risk investors are facing with EMD Financials. Without oversight, there’s no telling what the people behind this platform are thinking.

Investors end up depositing funds and agreeing to harsh terms and conditions. There’s only one way of ensuring safety, using a licensed entity. Go for forex investment platforms that enjoy the backing of regulators.

Some of the best regulators include ASIC CySEC, FCA, FMA, and others. Once a platform is vetted by any of these regulators, it’s safe to join. The lack of documents to prove their compliance is a red flag.

How EMDFinancials works

The website looks like a genuine forex investment platform. It has the right information and even offers account types. However, once you sign up and deposit funds, it’s when you learn the true nature of the platform.

Those who deposit and use MT5 to trade find it easy to make a profit. The profit balance rises as the platform acts normally. But, when you click withdrawal, it’s when the truth is revealed. No one gets to withdraw funds.

Safety of funds with EMD Financials

payment options emdforex.com

Security of your investment is not a guarantee. You are investing in a platform with no compliance or oversight. There are no safety nets to protect investors as all liability falls on them.

Bottom line

Due to the adverse effects the platform has on investors, and we won’t recommend it. Therefore, the only way to safeguard our readers is to add the platform to our blacklist.

It would be best if you got into a reliable investment platform tested by experts and successful investors. It’s the only safe way to invest.

Feel free to leave a comment or your experience with forex investment platforms.

Will I profit from EMD Financials?

No, you might end up losing your entire depository amount

How do I withdraw with EMD Financials

There's no way of withdrawing funds. No one has come out with proof of withdrawing funds with the platform.

Is EMD Financials Regulated?

EMD Financials is an offshore investment platform. There's no oversight.

What's the alternative to EMD Financials

Some of the more proven ways to invest including Coin staking, DeFi, and Masternoding. Here's a list to look at https://www.valforex.com/best-crypto-investment-platforms-defi-masternoding-coin-stakings/

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