Eminent Fx Trades is an online platform offering CFD trading in forex, stocks, indices, futures, precious metals, energy, and cryptocurrencies. The platform claims to be a UK registered company and offers various account types designed to meet the needs of different investors.
Company Background
According to its website, Eminent Fx Trades is registered in the UK with company number 10263501, boasting 23 years of financial trading experience. However, a check reveals that the company with this number is actually CRYPTOX LTD, currently in the process of being dissolved.
Moreover, the "About Us" page claims the platform was registered in Australia in 2013, but this history is actually copied from the TMGM website.
A Whois search shows the domain (eminentfxtrades.com) was registered on February 19, 2024, which significantly conflicts with the platform's asserted history.
Trading Software and Account Types
Eminent Fx Trades does not specify its trading software, allowing users to only trade via a proprietary web-based system. The platform offers four account types:
- BRONZE PACKAGE: Minimum deposit of $1,000, maximum of $9,999, supports both short and long-term investments, full IT support, referral bonus support, hedging allowed.
- SILVER PACKAGE: Minimum deposit of $10,000, maximum of $29,999, supports both short and long-term investments, full IT support, referral bonus support, hedging allowed.
- GOLD PACKAGE: Minimum deposit of $30,000, maximum of $114,999, supports both short and long-term investments, full IT support, referral bonus support, hedging allowed.
- PREMIUM PACKAGE: Minimum deposit of $115,000 with no upper limit, supports long-term investments, full IT support, referral bonus support, hedging allowed.
Trading Conditions
The platform offers spreads starting from 0 pips, a maximum leverage of 1:500, and a minimum deposit of $1,000. However, the website does not clearly state deposit and withdrawal methods, processing times, or fee details.
Regulatory Information
Eminent Fx Trades claims regulation by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (FSC).
Verification shows the Australian regulation number 436416 belongs to TMGM's registered entity Trademax Australia Limited, and not Eminentfxtrades Australia Pty Ltd. The Vanuatu entity Trademax Global Limited is also affiliated with TMGM.
Company Address
The website claims the company's address is 71-75 Shelton Street, Covent Garden, London, United Kingdom. However, UK Companies House records indicate that Eminent Fx Trades is not registered at this address.
Staff Information
The platform provides partial staff information on its website, but this matches the staff details of scam platform Legal Fx Trades Mining, using publicly available web images not corresponding to real identities.
Website Traffic and Design Template
According to Semrush, the Eminent Fx Trades website sees less than 100 monthly visits, and its design template matches those used by multiple scam platforms like DFusioncoinTrades, Apex Brokerage, and HorizonCapitalMarket, suggesting it may be a mass-produced scam site.
User Reviews and Brand Exposure
No user reviews or news reports about Eminent Fx Trades can be found on the public web, indicating low exposure and trust.
Brokerage Policy and Educational Resources
The platform does not provide brokerage policies or any trading educational resources, further highlighting its lack of transparency and inadequate customer support.
Contact Information and Social Media
Eminent Fx Trades offers only an email address （[email protected]/[email protected]） for customer support, and has no official accounts on major social media platforms like LinkedIn, Facebook, Instagram, Twitter, or YouTube.
Risk Report
- Entity Information Doubtful: The platform is not a registered real company entity, and the domain registration date does not match the claimed history.
- False Claims: The claimed company background and regulatory information are inaccurate, with content copied from other brokers' websites.
- Fake Staff Information: The staff details match those of the scam platform Legal Fx Trades Mining, using public images.
- Lack of Transparency: Deposit and withdrawal methods, processing times, and fees are not clearly stated.
- Suspicious Traffic and Design: Low website traffic and use of template designs common to scam platforms.
- Lack of Social Trust: No user reviews or news, indicating low brand exposure.
- Lack of Support: No brokerage policy or educational resources offered, indicating lack of transparency and customer support.
Conclusion
Eminent Fx Trades attempts to attract investors with false information, yet its background, regulatory details, and staff information have clear issues. Investors should exercise caution when choosing a platform to avoid potential losses.
