Emarlado
Basic Information
Pros and Cons
Pros
- Diverse tradable assets
- 24/7 customer support
- Demo accounts available
- Various account choices
Cons
- No regulation
- Withdrawal processing times (8-10 days)
- High minimum deposit
- Wide spreads
Is Emarlado Safe and Legit?
Emarlado is a broker registered in Saint Lucia and has been operational for approximately 2-5 years. The platform offers a variety of tradable instruments including Forex, stocks, commodities, cryptocurrencies, and indices, with leverage up to 1:400 and spreads starting from 2.5 pips on the EUR/USD pair, using a proprietary WebTrader and Trading App for its services.
Despite claiming to operate under the oversight of the Mwali International Service Authority in the Comoros, Emarlado holds no valid forex trading license, raising significant safety concerns. Therefore, it is regarded as operating in a legal gray area, posing higher risks to potential investors.
User feedback indicates that while Emarlado offers 24/7 customer support and diverse trading options, it faces criticism for lengthy withdrawal processing times of 8-10 days and high minimum deposits. Overall, community assessments suggest a mixed reputation, with some users reporting positive experiences while others express concerns about transparency and the frequency of complaints regarding withdrawal issues.
Is Emarlado a Regulated Broker?
What Are the Regulatory Licenses Held by Emarlado?
No regulated licenses are held by Emarlado. The broker, registered in Saint Lucia, operates without any mainstream or offshore regulation, raising concerns regarding its legitimacy and safety for potential investors. Although it claims to operate under the oversight of the Mwali International Service Authority in the Comoros, there is no verification of its regulation, leaving it in a legal gray area. As such, investors should exercise caution when considering trading with Emarlado.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| No Regulated Licenses | No Regulated Licenses | No Regulated Licenses | No Regulated Licenses | No Regulated Licenses |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Emarlado does not hold client funds in independently regulated bank accounts separate from its own assets. As such, there are no established regulatory rules regarding the segregation of client funds, raising concerns about the safety and accessibility of investor capital. Additionally, Emarlado does not participate in any investor compensation funds or insurance schemes, which further heightens the risk for traders.
Emarlado Leverage
Emarlado offers a maximum leverage of up to 1:400 across its trading instruments. This leverage is applicable to both retail and professional accounts. However, the broker operates without holding any regulated licenses, which raises questions about compliance with local regulatory requirements regarding leverage limits and client classifications.
Emarlado Withdrawal Review
How to Contact Emarlado?
Emarlado has received various complaints, primarily regarding lengthy withdrawal processing times, which can take 8-10 days. Feedback from users highlights concerns about the transparency of the withdrawal process and high minimum deposit requirements. Complaints are sourced from online trading forums and user reviews. While the broker offers 24/7 customer support, there is criticism about the handling of these complaints, reflecting a mixed reputation. No significant public complaints or regulatory penalties have been reported, but the lack of regulation raises safety concerns for potential investors.
Frequently Asked Questions
A1: Emarlado does not hold any regulated licenses and operates without mainstream or offshore regulation. Although it claims oversight by the Mwali International Service Authority in the Comoros, there is no verification of this regulation, raising concerns about its legitimacy and safety for investors.
A2: Emarlado does not keep client funds in independently regulated bank accounts, which raises concerns about the safety and accessibility of investor capital. Additionally, the broker does not participate in any investor compensation funds or insurance schemes.
A3: Users have reported lengthy withdrawal processing times, typically taking 8-10 days. Concerns have also been raised about the transparency of the withdrawal process, leading to a mixed reputation regarding this aspect.
A4: Emarlado offers 24/7 customer support, and you can reach them via email at support@emarlado.com or by phone at +44 7701426550. They also maintain an online presence through their website.
A5: The minimum deposit required to start trading with Emarlado is $250. This amount is needed to open an account and begin trading across their various assets.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.