Emporium Capital is a CFDs (Contract for Difference) broker. The website can be accessed from emporiumcapital.ae and as usual, the scammers are luring victims using a bunch of lies.

If you fall for the promises of Emporium Capital, you lose money instantly. We noted that the broker is using lies to attract naive clients before they can steal their $1,000 or more.

If you’re a victim, you should act now by following our tips on how to deal with scammers of this kind.

Is Emporium Capital a scam broker?

This website is definitely a scam because the lies they use to market the service are one too many.

The website claims that they’re a multi-regulated brokers but we have found that Emporium Capital does not hold any valid Forex and CFDs licenses.

There are also a lot of complaints from victims who stated that emporiumcapital.ae scammed them by not releasing their funds. The loss is to the tune of thousands of dollars as you can see on this page.

5 Reasons why emporiumcapital.ae is not legit

In this section of the review, we highlight the main reasons why we are convinced that the broker is a scam.

Company details and regulatory status of Emporium Capital

The footer of their website claims that the broker is associated with entities called Emporium Capital K.A. Ltd Emporium Capital LLP and Emporium Capital Limited.

These entities are allegedly licensed by financial regulators such as Cysec in Cyprus and the Financial Services Authority in St Vincent and The Grenadines.

Our task is to investigate whether this is true and we have found that Cysec website does not have this broker in its database.

In other words, this broker is neither regulated in Cyprus nro in the St. Vincent and the Grenadines.

An offshore broker

Offshore CFDs brokers can’t be transparent and honest. The reason they choose to setup their offices in the offshore jurisdictions is because laws are lenient to them and this gives them the best environment to scam people without facing any consequences.

Be afraid of any broker that offers CFDs and is running its services from an offshore location. They cna’t be legitimate no matter how good they sound.

Association with a scam broker called ecgprime.com or ECG Prime

Nothing is known about ECG Prime as nobody has ever written a review of this broker.

Emporium Capital states on their website that they are associated with ECG Prime broker.

This is another offshore and unregulated broker that will steal your funds just like emporiumcapital.ae. There is no doubt about it.

Emporium Capital uses lies to promote a fake brokerage platform

The marketing material of this broker claims an association with a body called The Republican State Institution “Agency for Regulation and Development of the Financial Market of The Republic of Kazakhstan.

This body does not regulated Forex and CFDs brokers. Instead there is Astana Financial Services Authority which is in charge of regulating the financial markets in that region.

Emporium Capital has no association with Kazakhstan in the first place. We can’t confirm their presence in that country. It simply means these scammers are trying very hard to look legitimate.

A confirmed fraud

Emporium Capital is responsible for the losses of many victims ever since it was launched in early 2021. Multiple victims have lost thousands of dollars in this fraud due to the clever ways of this illegal website.

They work with a network of agents who approach victims on social media and even on whatsapp.

Once the scammer establishes a relationship with the victim, the scammer tells the person to deposit funds at emporiumcapital.ae and this is how the victim losses money.

There are many reports on the internet which suggest that people lost money to this broker through this method.

Conclusion of the emporiumcapital.ae broker review

Remember that ecgprime.com is owned and operated by these scammers.

Always be wary of brokers who operate in the offshore jurisdictions because these entities operate in a lawless environment and scamming you is very easy.

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Thanks for reading.