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In recent times, we have had a lot of complaints about a fraudulent platform called EJMarkets, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that it is a scam platform. Just to clear any doubts, IT is a SCAM.

If you have been scammed and you are looking for ways to recover your money from EJMarkets, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

Due to the website’s extremely low trust rating, it is quite likely that ejmarkets.com is a hoax. Whenever accessing this website, use extreme caution!

We looked at a variety of criteria when our algorithm automatically analysed ejmarkets.com, including ownership information, location, popularity, and other factors connected to reviews, bogus products, threats, and phishing. Using all the information gathered, a trust score is generated.

Be careful that our algorithm is not perfect even though it appears that the website has a very low rating. It might be a legitimate and secure website rather than a scam. Therefore, it is always advisable to conduct your own study.

EJMarkets states that its user-friendly investing platform, which is stocked with cutting-edge trading tools and has lightning-fast execution, gives our clients the greatest online investing experience. Although the brokerage makes grandiose claims, nothing expressed is even remotely accurate! In this review, we’ll show that EJMarkets is a fraud.

EJMarkets Fund Safety and Regulation

We’ll be direct with this one and avoid unnecessary circumlocution. The so-called brokerage was placed on a blacklist on May 20 by the German regulator BaFin and then at the start of June by the Belgian FCA. We can also prove that EJMarkets is a scam out of the gate thanks to the brokerage receiving two warnings! Never make a deposit or trade with a broker on the blacklist!

However, if you look at the screenshot above, you’ll see that EJMarkets is depicted as being governed by the Financial Conduct Authority. However, this is a big giant lie that was used to feign security and is a huge warning sign! Therefore, even if we were unaware that EJMarkets had already been exposed as a fraud, we could still readily demonstrate that it is lying and is actually uncontrolled. Dealing with unregulated brokers can be risky with or without notice, therefore you should avoid them because they frequently break the law and are outright scams!

Because regulation ensures client money is safe, transparent, integrity, and reliable, we only recommend licenced brokers. For instance, brokers licenced by the CySEC in Cyprus and the FCA in Britain are guaranteed to be secure because both jurisdictions impose stringent regulatory requirements, such as segregating client accounts and implementing risk-reduction techniques like leverage restrictions and negative balance protection. In both countries, deposit insurance funds with a maximum of £85 000 and €20 000 each are maintained to pay clients in the event of a problem. Furthermore, it goes without saying that you won’t be likely to receive any type of reimbursement if you are duped by the unlicensed broker under evaluation.

The trading platform EJMarkets

The unbeatable platform from EJMarkets is basically a subpar Webtrader. Even if we didn’t know that EJMarkets is a publicly disclosed scam, we still wouldn’t recommend trading with it because browser-based systems provided by unregulated brokers are frequently inexpensive and unreliable. The capability of the Webtrader is incomparably inferior to that of MetaTrader4 and MetaTrader5, therefore feel free to use the offered links to find respectable brokers who actually offer cutting-edge platforms.

Trading Conditions at EJMarkets

The trading environment is harsher than one may anticipate. One factor that raises a red signal is the fact that only stocks and cryptocurrencies are traded against each other. Cryptocurrency pairs are thought to be vulnerable to price manipulation and fraud, therefore it stands to reason that EJMarkets might simply adjust prices to harm investors. However, things are just going to get worse!

The Buy and Sell buttons on the right side of the interface, as you can see below, do not provide spreads, thus you have absolutely no idea what the actual trading expenses are! A huge red flag is when a broker hides spreads, which is another indication of a scam.

Leverage is difficult to determine from the Dashboard (still a warning sign), but the brokerage states it can go as high as 1:500! We don’t know if it’s true, but due to the extreme volatility of cryptocurrencies, trading Bitcoin with a leverage of 1:500 can completely wipe out your account in a matter of seconds! The majority of regulators place tight restrictions on trading in crypto CFDs, and the EU, UK, and Australia have set a 1:2 leverage limit for crypto CFDs because of volatility risks. When you compare 1:500 to 1:2, you’ll see just how hazardous EJMarkets really is.

Deposit/Withdrawal Procedures And Fees For EJMarkets

The required minimum deposit is $250, which isn’t much, but keep in mind that many businesses are already willing to allow clients to open accounts for as little as $5 to $10. Because of this, we think EJMarkets is overpriced.

The funding strategies are odd. Each deposit is handled by payment processors like iPassPay and PayStudio, which you can use to acquire cryptocurrency with credit or debit cards and deposit it with the broker. The method raises a red flag since it prevents chargebacks! That is a con!

There are no conditions for withdrawals, but generally speaking, it would be foolish to anticipate any money from a publicly acknowledged fraud like EJMarkets! Additionally, there is no information on costs, so let’s raise one more red flag before moving on. In particular, there are no legal documents with provisions on show at the so-called brokerage. The absence of documents is always a sign of fraud!

How Does The Fraud, EJMarkets Operate?

EJMarkets is an openly acknowledged scam that you must avoid at all costs. And to spread awareness, we’ll now succinctly explain how fraudsters often operate as they take money from unhappy clients!

Forex scams are carried out in a variety of methods, but they all essentially operate in the same way. The fraudulent enterprises are typically unregulated, unlawful, and registered offshore, making it much more difficult to find the con artists. Additionally, if you create an account with an unlicensed brokerage, you should prepare for a deluge of telemarketers who will stop at nothing to get you to deposit money as soon as possible.

They’ll entice you to start trading right away by making promises of incentives, profits that are assured, risk-free trading, and everything else you can think of. A lack of regulation, a sense of urgency, and grandiose promises are always red flags of a scam, so if you put your trust in them and deposit, you run the risk of falling victim to fraud.

Scammers will also show you phoney profits and improbable gains as soon as the game begins; for instance, if you deposit $250, you can make thousands of dollars the very next day. Most likely, you’ll want to withdraw, but the skilled con artists won’t let you. They will nudge you to make another deposit so they can profit even more. No matter what happens, withdrawals will be impossible, and sooner or later, you’ll realise you’ve been duped. Alternatively, they can claim that you must pay taxes in advance to receive your money back. It’s a terrible encounter!

How to Respond if Scammed

The first thing you need to do is alert the authorities. Call the police, get in touch with your local regulators, and get in touch with other law enforcement agencies that deal with fraud and crime. Deactivate your cards as soon as possible, and phone your bank to let them know what happened; they can give you crucial details and assist you to prevent future financial harm.

There isn’t much you can do if you put in cryptocurrency, but if you used your credit or debit card, you could submit a chargeback and try to get some or all of the money back. However, you should exercise caution when trying to recover the loss because there are numerous dishonest chargeback companies waiting to double-scam fraud victims.

Broker EJMarkets is risky.

It’s not EJMarkets like you assume. What makes this broker a scam will be discussed in depth. All of our reviews are supported by professional research.

Regulations for EJMarkets.

The most crucial requirement for a broker is a regulated licence. A broker must have a regulated licence, regardless of the nation where he offers trading. Each nation in Europe, including Australia (ASIC) and the United States, has its own laws (CFTC or SEC). EJMarkets offers trading to Europe, the USA, and Australia but does not hold any regulated licences. This is a clear sign that it is a con.

To get your money back, contact MyChargeBack right away for a free consultation!

Review of EJMarkets

A regulatory authority has issued a public warning to EJMarkets. Click here to view the warning instead. If you have money invested in this company, it is not safe. Don’t pay taxes or anything else if they ask since fraudsters will use this as an opportunity to steal additional money from you. By leading you to believe in taxes or significant earnings, con artists constantly aim to steal as much money as they can. This kind of fraud operates for a year or two before disappearing or using an other domain with the same name (.com .org .net .co etc)

How likely is it that you’ll get your money back?

If you were a victim of this broker, you must fill out the form below or, if the loss was larger than $5,000, utilise the online chat to be put in touch with a representative. Your odds will rely on a number of factors, including your payment history and method. Although every submission is unique, MyChargeBack is aware of all the techniques to expedite your filing. Click here to learn more about the procedure. You won’t be required to do anything after the consultation, which is completely free. The only way to get your money back from EJMarkets is in this way.

Our Opinion.

We can attest that EJMarkets is a swindle without controlled licences and isn’t a trustworthy broker. We suggest that you check with your bank to see what may be done, or if you wish to use an online recovery service directly, fill out the form below.

Traders’ Views

Doing extensive research on the businesses and organisations you intend to donate the monies to is the first step in defending yourself against shady individuals online. There may probably already be other users of the service who have posted their comments and feedback online on various forums.

After doing some research on online trading forums and social media sites like Facebook, Twitter, and Instagram, a common thread of users’ dissatisfaction with EJMarkets developed. This customer feedback suggests that EJMarkets is an unreliable broker, so extra caution should be exercised before making an investment using their brokerage platform.

There are many brokers out there who use fictitious company names or engage in other fraudulent activities. A little amount of prior investigation can go a long way toward safeguarding your finances and yourself.

Is EJMarkets a scam or is it real?

Finding out about their certification should always be the first and most crucial step when looking for brokers to use for your trading operations (s). This will reveal whether EJMarkets is an offshore and/or unregulated firm or if they are subject to centralised regulation.

When a broker is unregulated or is regulated by a body that is not in your country, you have little to no legal remedy if your money is stolen. If there is theft, complaints can only be filed if the broker has a licence from the regulatory body in your country. The following are a few instances of regulatory bodies that provide brokerage licences:

The Securities and Exchange Commission of Cyprus (CySEC)
Finance Conduct Authority (FCA)
Securities and Investments Commission of Australia (ASIC)
A broker should be avoided if they are unlicensed and cannot obtain a licence from the regulatory body in your country. Even if the brokerage is regulated, it is advised to stay away from it if the regulator is based somewhere else.

How Do Trading Scams Online Operate?

One of the most common online trading scams is showing positive trades at first to deceive investors into believing they will make money quickly. Following the development of this confidence, the investor will be persuaded to invest more money in order to receive higher returns. Other rewards might also be offered to entice investors to invite their friends and family to use the site.

The brokerage will proceed to suspend the account and prevent the investor from accessing the funds until they have taken all available cash from the investor and those in his or her network.

In an effort to gain the trust of unwary investors, many dishonest businesses may even assert that they are based in a regulated area and show fictitious regulatory licences and addresses on their websites.
Be cautious and check your information from several different sources. Sending money online should always be done with extreme caution.

More information on trading fraud:
Binary choices CFD Scams Scams
Forex Scams Cryptocurrency Scams

The Capital Co (www.thecapitalco.net) provides international financial fraud investigative measures aimed at helping victims of financial scams recover their money. The Capital Co (www.thecapitalco.net) was founded to protect and help victims of investment scams with the assistance of sophisticated asset recovery specialists globally.

To recover your money from EJMarkets, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.