Introduction to EmpiresX Review:
EmpiresX claims to be the best brokerage firm in the market with no contact number or address of where it is based. As contradictory as this sounds, we want to ask our readers to sit tight as this is just the beginning. In this EmpiresX review, we will be uncovering many more secrets that are carefully hidden from the public by EmpiresX. If you are here with the intention of finding out whether EmpiresX is a scam or not, read the full EmpiresX review and decide for yourself.
Address: Not Disclosed
Contact No. : Not Disclosed
In this section of the EmpiresX review, we will be discussing all the red flags possessed by EmpiresX.
Is EmpiresX regulated by any of the regulators?
The website of EmpiresX doesn’t provide any information on the status of its regulation. Furthermore, given the fact that the company does not tell us where it is based, this should be no surprise at all. Upon cross-checking with the regulations, we found out that EmpiresX is UNREGULATED. The company does not have a license from any of the regulations and therefore is dangerous. We recommend our readers to never trade or invest with unregulated brokers as there is no security for your money.
To add to this, we also found out that EmpiresX is actually blacklisted by the CNMV. The warning statement issued by CNMV states that EmpiresX is a potential scam and asks their citizens to not invest in this EmpiresX scam.
What is the minimum initial deposit demanded by EmpiresX?
The minimum initial deposit demanded by EmpiresX is 200 USD. The minimum initial deposit demanded by the regulated brokerage firms on average is below 10 USD. From this, it is clear that EmpiresX is asking for a huge deposit in the name of the minimum initial deposit and thereby raising a red flag against the EmpiresX scam in this EmpiresX review.
Who are the founders of EmpiresX?
The founders of EmpiresX have been described extravagantly with photos on their website. The website claims that EmpiresX was founded by Emerson Pires and Flavio M Goncalves. It is only reasonable for the founders of apparently the best brokerage firm in the industry to be under the spotlight. However, apart from the information broadcasted about them on the website of EmpiresX, we were not able to find much information about these founders on the internet. This brings us to the conclusion of this EmpiresX review that EmpiresX might not be even a real company.
Our Opinion: Is EmpiresX a scam or legit?
In our opinion, after considering all the red flags provided in this EmpiresX review against the EmpiresX scam, we can safely conclude that EmpiresX is a potential scam. We warn our readers from trading with this unregulated brokerage firm. IF you have been scammed by EmpiresX, file a complaint with us and we will get back to you at the earliest with the solutions to get your money back.
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