WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

EG Markets

Australia|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.egmarketslimited.com/

Website

Rating Index

Contact

info@egmarketslimited.com
https://www.egmarketslimited.com/
‍8 Phillip Street, Sydney, New South Wales, Australia

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

EG Markets Limited

Abbreviation

EG Markets

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

EG Markets · WikiFX Survey

Users who viewed EG Markets also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FBS

8.77
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

MiTRADE

8.49
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

EG Markets · Company Summary

Note: EG Markets' official website: https://www.egmarketslimited.com/ is currently inaccessible normally.

EG Markets Review Summary
Founded/
Registered Country/RegionAustralia
RegulationUnregulated
Market Instruments/
Demo Account
LeverageUp to 1:400
SpreadFrom 1.6 pips (STP account)
Trading PlatformMT4 (Fake)
Min Deposit$1,000
Customer SupportEmail: info@egmarketslimited.com
Address: 8 Phillip Street, Sydney, New South Wales, Australia

EG Markets is an unregulated financial services provider. It claims to provide different types of traders with account options like STP, ECN, and Elite, each requiring varying minimum deposits and offering different trading conditions such as spreads and leverage. EG Markets reportedly supports deposits and withdrawals through cryptocurrencies like Tether and Bitcoin, along with traditional wire transfers. However, there are many problems including unregulated status, inaccessible websites and so on.

EG Markets

Pros and Cons

Pros Cons
Multiple account typesUnlicensed, offshore CFD provider
Limited contact channels
Website functionality issues
No MT4/5
High minimum deposit
Limited payment options

Is EG Markets Legit?

Despite its claims regarding its regulation, the Securities and Exchange Commission of Mauritius (SMC) maintains a list of licensed brokers. Therefore, EG Markets is currently unregulated. Regulated financial service providers operate according to established standards and meet specific rules designed to safeguard investors and clients.

Account Type

EG Markets offers three kinds of live accounts.

Account TypeMin Deposit
STP$1,000
ECN$5,000
Elite$30,000

Their minimum deposit requirement is much higher than regulated and safe brokers (most of them require $100 or less).

Besides, there are no demo options,so you cannot access the trading platform of EG Markets Limited before submitting a wealth of personal data.

Leverage

EG Markets offers high maximum leverage of up to 1:400, which, while lucrative for experienced traders, also carries significant risk.

Spread

In terms of spreads,the STPaccount starts from 1.6 pips, which is average compared to other brokers.

The ECN account offers spreads from 0.6 pips.

The Elite account boasts the lowest spreads, starting from 0.1 pips,yet the high minimum deposit of $30,000 limits accessibility to only institutional or high-net-worth traders.

Account TypeSpread
STPFrom 1.6 pips
ECNFrom 0.6 pips
EliteFrom 0.1 pips

Trading Platform

EG Markets Limited stated that its clients would have access to MetaTrader 4, one of the most widely-used trading platforms globally. However, this was another false claim. The download link provided by the broker did not lead to MT4 but instead to another platform, the publisher of which was unverified.

MT4

Deposit and Withdrawal

EG Markets accepts crypto – Tether and Bitcoin and wire transfers.

Review 1

1 Comments
Write a comment
All(1) Latest Positive(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com