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/10

EG Markets

Australia Australia | 2-5 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.egmarketslimited.com/

Website

Rating Index

Contact

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

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Australia
Operating Period
2-5 years
Company Name
EG Markets Limited
Email
info@egmarketslimited.com
Address
‍8 Phillip Street, Sydney, New South Wales, Australia
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • egmarketslimited.com
    103.20.221.227
    Server Location
    Hong Kong Hong Kong
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review 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.

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is EG Markets a safe and trustworthy broker?

EG Markets Limited, operating from Australia for 2-5 years, is an unregulated entity and is not authorized by any recognized financial authority, such as ASIC, to provide forex trading services. Its business operations are marked as suspicious, and its overall profile suggests a high-risk operation due to the complete absence of formal oversight and a very low user trust score.

04-02
United States

What licenses does EG Markets hold?

EG Markets does not hold any verified licenses from mainstream financial regulators. It operates without formal authorization to offer investment services, meaning client funds are not segregated in accordance with standard regulatory protections and there is no independent dispute resolution mechanism.

04-02
United States

Where is EG Markets registered?

EG Markets Limited is registered in Australia. Despite its location in a major financial hub, it operates without a license from the Australian Securities and Investments Commission (ASIC), which is a significant deviation from standard practice for brokers targeting Australian and international clients.

04-02
United States

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

Three days ago

Bagaimana cara membandingkan broker secara efektif?

Untuk membandingkan broker secara efektif, investor dapat menilai status regulasi, skor keseluruhan, lingkungan trading, kondisi akun, dan umpan balik pengguna. Disarankan memprioritaskan informasi lisensi dan regulator terlebih dahulu, kemudian membandingkan indikator seperti spread, kecepatan eksekusi, serta persyaratan deposit minimum. Fitur perbandingan multidimensi di WikiFX dapat membantu proses analisis secara lebih sistematis.

Three days ago

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

¿Es posible recuperar fondos tras un fraude de inversión?

La recuperación de fondos tras un fraude de inversión puede resultar difícil, pero tomar medidas oportunas puede ayudar a recuperar parte de las pérdidas. Se recomienda conservar registros de transacciones y comunicaciones relevantes, contactar con el banco para intentar detener o congelar los pagos y presentar una denuncia ante las autoridades competentes. Además, los inversores pueden utilizar los canales de reclamación pública de WikiFX para aumentar la visibilidad del problema.

Three days ago

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

Three days ago
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