Note: Forex Prince's official website: https://fxemerald.com/ is currently inaccessible normally.
Fx Emerald Information
Fx Emerald, the full name of Fx Emerald Markets Incorporated, its establishment is unknown.
Customer service and support can be reached by phone at +48732085114 and by email at SUPPORT@FXEMERALD.COM.
However, the broker is currently unregulated, and the potential risks are large, so traders should be vigilant in trading.
Is Fx Emerald Legit？
Fx Emerald is not subject to any regulatory authorities at this time.
There may be some problems such as high risk, unguaranteed capital security, questionable fairness of transactions, and difficulty in safeguarding rights.
Account Types
Fx Emerald offers three types of trading accounts, namely ECN account, PRO account and MICRO account.
Traders with different account types can enjoy different maximum leverage ratios. Customers with MICRO or ECN accounts can enjoy a maximum leverage of 1:500, while PRO accounts can experience leverage of up to 1:200. Leverage can amplify gains and losses, and it is not recommended for inexperienced traders to use excessive leverage.
Opening a MICRO or ECN account requires a minimum initial deposit amount of $100, while a PRO account requires a much higher minimum initial fund amount of $500. The minimum deposit range is large, please traders rational investment.
The spread is affected by the type of account held by the trader. MiCRO account customers can experience a floating spread from 0.4 points or a fixed spread from 2 points, while ECN account can enjoy a floating minimum spread from 0 points, and PRO account can enjoy a floating spread from 0.2 points.
Fx Emerald offers trading instruments including forex currency pairs, precious metals such as gold and silver, indices, energy and cryptocurrencies. The products that can be traded on different accounts are different, and traders can choose according to their personal needs.
The minimum position of all four accounts is 0.01 lot.
Trading Platforms
The broker offers three trading platforms: Meta Trader 4 (MT4), CTrader, and Meta Trader 5 (MT5).
For novice traders, you can use MT4 to get started, and MT5 is more suitable for traders with some experience. You can also get in-depth market analysis and advanced trading with cTrader
Downsides of Fx Emerald
There are some drawbacks to Fx Emerald that need to be pointed out.
First, its official website is not available, so that traders lose the first way to understand the brokerage.
Second, the broker lacks a certain degree of transparency, disclosure information is extremely limited, it is difficult to obtain the trust of traders.
Third, it is not regulated. Its operating behavior is free from legal supervision, and there are huge uncertainties in terms of capital safety and fairness of transactions.
Conclusion
It is concluded that the broker is currently facing multiple serious problems.
Its official website cannot be accessed normally, blocking investors' access to official information. In addition, lack of transparency was another significant issue, with a lack of disclosure of key information. What is more serious is that it is not under the supervision of any financial regulator, and there is great uncertainty and risk.
Evaluating the overall situation of dealers and make rational choices when choosing a trading platform is necessary.
