Empire Trading Ltd is a Forex broker which is allegedly operating from Dubai and owned by Techsync Management Consultancies LLC.
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A quick background check on this company does not bring any meaningful results.
Empire Trading offers two account types: STP and ECN respectively.
Minimum deposit for both accounts is 1000 EUR/USD while maximum leverage is up to 1:500.
Clients of Empire Trading can trade a wide variety of instruments which include 60 Forex Pairs, 10 Commodities, 12 Index, Cryptocurrencies and Futures.
Once you find a good broker, you can easily trade or invest in any of the above instruments using your chosen trading or investing resources.
In addition to this, the broker claims to provide instant execution on 99% of trades on their platform.
We did not see any signs of MT4 on the platform.
However, they’re providing traders with the MT5 software, which is just as good as its MT4 counterpart.
The website has also published average spreads for different financial instrument.
A pair like EURUSD attracts typical spreads of 0.1 pips, which is just too good to be true.
There are only two payment methods which include Wire Transfer and Cryptocurrencies.
Lack of choice in the way deposits and withdrawals are made is a huge setback, not to mention their regulatory status.
Is Empire Trading legit broker?
While this broker may sound legit, given their spreads and speed of execution, traders should know that all of this is for advertising purposes.
Furthermore, the main red flag here is that EmpireTrading.net is claiming to be regulated by the the United Arab Quwain Authority (UAQ).
We don’t know of the details of this regulation plus we know this is an offshore broker as regulation by a strange authority does not guarantee safety of capital.
We would therefore conclude that this broker is not legit.
Conclusion
We don’t want you to suffer disappointments later on.
The fact remains that Empire Trading is operated by an anonymous entity that feigns a legal presence in Dubai.
Any company offering financial services should be properly regulated.
And of course they should have a reputation in the marketplace. We don’t like investing with brand-new brokers who have not established a presence in the market.
For you to find those brokers, we ask you to look for more information on this page.
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