Beware! Eie Trading Markets is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Eie Trading Markets is the perfect scammer entity, all the way to its bones. We have seen thousands like it before, and are likely to see thousands like it in the future.

There is a trend here; the worst a broker is the more ridiculous its regulatory claim is. Now, Eie Trading Markets is bad, but we did not know how bad until we read that its contact address places it in New York. To support this very untrue claim, Eie Trading Markets even states that it is regulated by the Money Services Business and the NFA. The former is a non existent entitity in the FX world, while the latter, even though a regulator, is definitely not responsible for licensing this broker. All that Eie Trading Markets does is to lie about the US: the most heavily regulated jurisdiction in the world.

Moreover, we read that there are no legal documents anywhere, which means that what ever the user does or the broker, it will be a risk.

Eie Trading Markets is unlicensed and a risk to all.

Guaranteed FundsSegregated AccountsNegative balance protection
Eie Trading Markets
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

Eie Trading Markets Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Eie Trading Markets
MT430+ indicatorsAndroid
MT550+ indicatorsAndroid
cTrader40+ indicatorsAndroid and iOS

Even though we were able to get access to a trading platform download link, we still were hesitant to open it, until we realized that the broker might have had some sort of issue or problem that would make the whole experience dangerous for us. Usually, this happens in the shape of a some malware of virus contained within the link itself. It ahs happened with previously unregulated entities, and it will happen again.

Aside form this, the software is advertised to the minimum, and what we are given is useless information.

Eie Trading Markets Trading instruments

CurrencyStocksIndicesCryptoCommodities
Eie Trading Markets
XMYesYesYesYesYes
FBSYesYesYesYesYes
FXTMYesYesYesYesYes

According to the website, the available assets to trade with are forex currency pairs, gold, crude oil, cryptocurrencies, and commodities. But please note that these may not be correct since the website of

Eie Trading Markets Spreads and cost of trading

Eie Trading MarketsXMFBSFXTM
Spread EURUSD1.711.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

no spread, third party chart on home page not to be confused for legit source of info Eie Trading Markets is not trustworthy.

Eie Trading Markets Maximum leverage

ForexStocksCryptoGoldIndices
Eie Trading Markets No Software100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

There was no leverage talked about on the website whatsoever. If users are interested in high leverages they should make sure the broker offering them is legitimate and safe before trading with it. Unlike Eie Trading Markets.

Eie Trading Markets Deposit and withdrawal methods

Deposit timeWithdrawal timeFee
Bank wireNo InformationNo InformationNo Information
StarsPayNo InformationNo InformationNo Information
CryptoNo InformationNo InformationNo Information

From the client portal we confirm the presence of the following payment methods: StarsPay, cryptocurrency wallets, and bank transfer. The depositing area was extremelly odd and off-putting, and in the end we could not figure out which methods were actually available and which were just inlcuded as a luring device. The same thing can be said about the withdrawal area.

There is no information in the website on payments, so we don’t have anything else to say.

Eie Trading Markets Minimum deposit

Eie Trading MarketsXMFBSFXTM
Minimum depositN/A$5$10$5

There is no minimum deposit anywhere, neither on the website nor the user area. Usually,, with scammers it’s all different, but we have noticed that the most popular minimum deposit is usually $1, which is a great catching device if you are a novice users.

We urge readers to look at these minimum deposit brokers for a safe trading environment that does not require exploding sums as investment prerequisites.

Eie Trading Markets Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Eie Trading MarketsNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

As already mentioned there are absolutely no details on the payment conditions on the website, which means that there are definitely hidden withdrawal commissions and other requirements that Eie Trading Markets purposefully hides so that it can ambush users.

If you even encountered bloated taxes on withdrawals, such as a 20% fee or similar numbers, you know you are dealing with an unlicensed entity and should look the other way. Moreover, any turnover requirements are also a sign that the firm is a scam.

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