EIE Trading Market claims to be an established global broker with 10 years of experience. Upon investigating the history of their domain eietradingmarket.com, we discovered that the broker’s website was created in December 2022 which is less than 5 months away (as at the time of publishing this review). It means this broker does not have the alleged experience.

EIE Trading Market also claims that they’re a broker with a global presence and that the company is fair, honest and people-oriented. All of these claims are false as the broker is new and they do not have any consumer reviews to back their claims. In fact, if you have been scammed by this company, you should fight back to get your funds out of the platform. Schedule a free consultation with the experts who understand this world of Forex scams. They’ll walk you through the process step-by-step until you recover your funds.

5 reasons why EIE Trading Market is a scam broker

The lies found on the eietradingmarket.com website are one too many. The red flags are a dead giveaway of what these scammers intend to do once you trust them with your funds. Here are a few reasons as to why you should not trade the financial markets with eietradingmarket.com.

No license from a recognized regulatory authority

EIE Trading Market claims to operate in the United States as they provide a US physical address. In the US, brokers are regulated by FINMA and the SEC. These two regulatory bodies are very strict with their oversight work. Scammers rarely make it away with the loot for a very long time before they can be tracked down, arrested and fined or sent to prison. EIE Trading Market does not have a SEC or FINMA license on their website.

The broker has also been blacklisted by the National Securities Market Commission in Spain. The regulator has noted that this scam broker is targeting its citizens, and their warning is that traders should not engage with that website.

Contract for Difference are illegal in the United States

These guys are breaching the laws of the United States since Contract for Differences aka CFDs are banned in the US. You may want to refer to this Wikipedia page to learn more about these financial instruments. Also, experts view them as pure gambling. The broker accepts the customer’s orders and takes the other side of his trades rather than passing those orders to the regulated finacial exchanges. This gives the broker all the freedom to manipulate the trades and even determine the outcome. Brokers like EIE Trading Market offer CFDs and this is what they use to scam unsuspecting individuals.

The fake United States address

We’re not done with their alleged United States physical address. A quick spot check reveals that this place hosts One World Trade Center and there is no EIE Trading Market anywhere in the vicinity or inside the building. The reason as to why this bogus Forex broker is giving us a fake address is because they want to maintain anonymity while trying to look legitimate. This is not a legit broker.

EIE Trading Market provides a bogus white label

The broker is whitelabling just like other CFDs brokers do it. A white label simply means that they are outsourcing the trading platform from a third party at a monthly fee. Last time we checked, we found some scammers selling this for a whooping $2000 monthly. The whitelabel is a critical part of running a CFDs fraud and this is what EIE Trading Market does best.

No reviews of this broker anywhere on the internet

This broker’s website suggests that they are famous and well-known. But this is false because if you check them out on the internet, you will not find any reference to their name by someone who has used their platform before. Popular brokers have good star ratings from legitimate users and even reviews are all abound. This broker’s reviews only come from certain blogs and not real users who can share their experience with others. And this is actually why we want you to participate in the comment section to expose the evils of this shady broker.

Conclusion of the EIE Trading Market broker review

It seems that this CFDs Forex fraud is thriving on lies. They’re obviously targeting the less experienced trader who can spare a few hundred dollars trying out things on their platform. But it’s quite risky going this direction because the broker does not even have a company or entity registered in its name. It would be risky to trust a website operated by an anonymous person.

We consider this broker a high risk and if you gave them your funds, you should read this to learn what you need to do next.