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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
    --

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

¿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

Apa yang dimaksud dengan situs broker kloning?

Situs broker kloning adalah situs yang meniru informasi broker resmi untuk menyesatkan investor agar melakukan penyetoran dana. Situs tersebut biasanya menyalin nama merek, desain halaman, bahkan informasi regulasi. Ciri umum meliputi domain yang sangat mirip dengan situs resmi, informasi kontak yang sulit diverifikasi, serta penawaran keuntungan yang tidak wajar. Setelah dana masuk ke platform seperti ini, biasanya sulit untuk dipulihkan. Disarankan untuk memverifikasi domain resmi dan informasi regulasi serta menggunakan WikiFX sebagai referensi tambahan.

Three days ago

¿Qué es WikiFX y cómo puede ayudar a los inversores?

WikiFX es una plataforma independiente que proporciona servicios de consulta de información sobre brókers de divisas y alertas de riesgo. Integra datos regulatorios, comentarios de usuarios y registros históricos, y realiza evaluaciones mediante un modelo multidimensional para ayudar a los inversores a comprender la situación general de un bróker y sus posibles riesgos. Este tipo de herramientas permite realizar una verificación preliminar antes de elegir un bróker.

Three days ago

¿Cómo se calcula la puntuación de WikiFX?

La puntuación de WikiFX se calcula mediante un modelo multidimensional que incluye el índice regulatorio, el índice de licencias regulatorias, el índice de capacidad operativa, el índice de control de riesgos y el índice tecnológico de la plataforma. La escala oscila entre 0 y 10 puntos. Además, la puntuación se actualiza dinámicamente en función de cambios regulatorios, tratamiento de reclamaciones y rendimiento histórico.

Three days ago

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States
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