Is EminFX A Good Broker or a Scam?
When your broker has no license, has been flagged by major regulators, has been the subject of a court order to cease and desist in a high-profile case and has had a scathing article written about it in The Washington Post, it’s safe to say that you should stay away. EminFX is notorious for engaging in questionable practices and is a suspected Ponzi scheme. This means they never really offered any trading services at all, but simply defrauded clients.
We Have Some Concerns with EminFX
There are many victims of EminFX, but they might have avoided losing money to EminFX if they had refused to open an account with any broker that has no license. Not having a license is a major indication of a suspected scam, and is a litmus test to see whether or not you should trust a broker.
EminFX Red Flags
- No license
- False guarantees
- Court order to close it down
- Confirmed Ponzi scheme
- Negative article in the Washington Post
- No transparency
- Negative reviews
Lost Money to EminFX? Talk to Us!
ReportScamOnline experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid EminFX and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will launch an investigation that will bolster your claim.