Read our EMD Forex review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an emdforex.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So EMD Forex is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about EMD Forex in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
EMD Forex Review Conclusions
Making the EMD Forex review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our EMD Forex review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
EMD forex Is a Scam Broker
I completed all of their Term&conditions to Withdraw my profit with my bonus account
Then they rejected it ,
All e-mail they sends to you is a bot replay
Is this true?
You are correct, I got caught to their so called “RM” and I lost all my money.
Please report this scam, i am taking it legally their RMs are trained to make sure you will nevwr be able to do any withdrawals… Im taking this legally… They are frauds run by some indians.. Not regulated all they do is take money and wash out. Report to any authority if u can…..
Dear sir I’m also going through the same problem they are not return back the money can anyone advise me how can I get the money back
I am also victim of the scam. I deposited money after making profit and wanted to withdraw my profits, now my RM is not even answering the phone.
Dear Val
As we mentioned the the all T&C very clearly if not completed then rejected we already given so many trades for the same so please do not make any personal comment like this.
Thanks
One wasting money plateform
Don’t waste money in emd forex
please contact me on 0557026381. I am a victim myself and want what actions you are taking
Scam .
First of all you will receive a call from a Call centre first venture located in business bay. He will send the presentation on your WhatsApp. They will try to convince you by saying that you will earn daily income of 50 to 100 dollars. Then the will push you to do the registration by calling you again and again when you do the registration and deposit money. Then relationship manager will call you they will give you the trade in such a way that you will start losing your money then they will again force you to redeposit in order to recover your money. When you do that all your money is lost .
(1/5)
This is true. They gave me trades that were bound to fail.
Have you experienced?
Yes
How much did you make loss? I am being followed by them and confused.
(3/5)
dont go for it. you will loose you money
Dear All,
I am writing to inform you about my recent experience with EMDFOREX, a company that I believe is a complete scam. They have proven to be big cheaters, as they convinced me to invest $1000 with them. After some time, I managed to make a profit of $3400. However, when I requested a withdrawal, it has been pending for a long time. To make matters worse, a representative from EMDFOREX called me and advised me to buy USWHEAT based on upcoming agriculture news. Unfortunately, I followed their advice and lost all the money I had invested. It is clear to me that they are fraudulent individuals.
I strongly urge the authorities to take action against EMDFOREX and ensure that they face the appropriate consequences for their actions. Although I have lost my money, I want to warn others against dealing with EMDFOREX or similar companies. Before investing, please check with reputable sources such as investing.com or other authorities to confirm their registration status.
Thank you for your time.
Dear Sheetal,
Please call me +971551255217 in this number
Dear Everyone,
I got a call from Big Mo Fx and they seem to be very convincing. They will talk about US market and indices. After I went through the comments here, I rejected flatly.
Thanks for saving my money Everyone. It is big amount for me.
Regards
Aprat
(5/5)
Yes brothers don’t put money for emd platform big scam company my money also loss i give complaint tomorrow
How we can complaint this legal we go together
If anyone i m also here 0561944754 how doing this in uae I think this country very safe
I was followed by Mr Asif from EMD even I created an account but didn’t charged it later I again planned to do but he said me instead of EMD forex you can go for BIGMO as it is latest and when I tried to register on BIGMO it said your email is already registered which I never did, that time I was bit confused how this can, I was continuously over the phone with this Guy Asif and he was convincing me to just reload my account even I bought out credit card from my wallet also suddenly my mind clicked to check the reviews before going for it and when I checked I find out it’s a big scam, there was someone else in the same company who was in contact with me for this as you receive multiple calls and he was from my area in country back I asked him politely that I have read the bad reviews and he told me yes these were correct. EMD is changed to BIGMO and you will not get any funds once u invest they will not give u anything back. So Alhamdulilah I was saved from this scam.
Hi,
They did same thing with me. Their account manager let me do trade in a way that I am at high risk and now when I am getting even profit he is saying don’t close even if you get profit otherwise your account will get permanently closed. He asking me to put more money so that you make it active and trade. I am so confused what to do as I see profit there. And he is being so rude to me. All my money is gone. Please anyone can help me, if anyone have any suggestions??
(1/5)
I lost my mo ey…he blocked me in watsapp and not pckng the call.
Is there any way we can get our money back?? They are not licensed so DED asked me to Goto police. I am not sure if they will do anything.