EMXpro Forex Review

EMXpro Forex Review

Minimum deposit

100 USD

Bonus

No

Maximum leverage

1:400

Year founded

2019

Regulation

Unregulated

Trading platform

MT4, custom platform

Read our full EMXpro review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased EMXpro opinion allows our readers to decide whether EMXpro is a reliable broker.

EMXpro Forex Broker History

emxpro

EMXPRO Limited, also known as Emperor Xpro or EMXpro in short, is an offshore-based Forex and CFDs broker that offers trading services worldwide without a license. The broker has been around since 2019, which makes it fairly experienced. There are several account types, and access to the advanced MT4 platform is possible. The broker has not adopted some professional practices despite its experience in the markets. There are no competitive account types, and spreads are high on entry-level accounts. The website is responsive and has a modern design, but some details, like deposits and withdrawals, are lacking, and traders need to either contact the broker or search through the help center for FAQs to find exact details.

EMXpro broker safety

Safety is paramount in FX trading, and regulations are the number one priority when reviewing brokers. Emperor Xpro broker lacks licenses as it is only registered in the Saint Vincent and the Grenadines, but not overseen by local or any other authorities. This is a serious problem. Unregulated brokers are often scams, and EMXpro had more than enough time to prepare and acquire a license, and a lack of license after so many years of existence is a direct red flag and indicates the broker might be a scam.

EMXpro Broker Review of Accounts

Emperor Xpro accounts are three: standard, premium, and prestige. Each of the accounts has its pros and cons, but overall, trading conditions are expensive, and there is no ECN offering for zero-spread trading, which is a serious drawback for the broker and traders who want to deploy scalping strategies.

emxpro accounts

The Emperor Xpro Standard account has the following conditions:

  • Minimum deposit – 100 USD
  • Maximum leverage – 1:400 (FX pairs)
  • Spreads from – 1.8 pips (3.5 on XAU/USD)
  • Commissions – 0 USD
  • Minimum lot size – 0.01 standard lots

The Emperor Xpro Premium account has the following conditions:

  • Minimum deposit – 5,000 USD
  • Maximum leverage – 1:400
  • Spreads from – 1.4 pips (3 USD on XAU/USD)
  • Commissions – 0 USD
  • Minimum lot size – 0.01 standard lots

The Emperor Xpro Prestige account has the following conditions:

  • Minimum deposit – 50,000 USD
  • Maximum leverage – 1:100
  • Spreads from – 0.9 pips (2.5 on XAU/USD)
  • Commissions – 0 USD
  • Minimum lot size – 0.01 standard lot

Overall, the conditions are not competitive because of high spreads and high minimum deposit requirements, coupled with a lack of lower-spread accounts.

EMXpro instruments

Emperor Xpro trading assets include only Forex pairs, commodities, and indices. From commodities traders can access metals and energies, while indexes are few and mostly CFDs. There are no cryptos available for trading, which is a noticeable drawback. No stocks or other assets are offered either. Traders can enjoy 1:400 leverage, but should be extremely cautious because of the broker’s high spreads. The leverage is only 1:100 on the Prestige account, but the minimum deposit is at least 50k USD, which is too high.

EMXpro Reviews of Trading Platforms

The broker provides details on its main page about its own proprietary trading platform, which is far inferior to advanced platforms. However, there is a mention of the MT4 platform in the FAQs section of the Help Center, making us think that the broker also offers the MT4 platform, which is very flexible. Mobile trading is available via the broker’s custom mobile app, which is available for both iOS and Android devices, and traders can also download the APK version for other systems. The lack of MT4 or MT5 mobile apps is a serious downside.

EMXpro Forex Review of Extra Features

Emperor Xpro lacks extra features. There are only market analysis and insights offered, and limited educational materials. There are no webinars, dedicated trading courses, or video guides available, which is a noticeable drawback. Emperor Xpro lacks copy trading and VPS services, which is also a downside.

EMXpro Reviews of Customer Support

Customer support is provided via live chat, email, and hotline channels. This is very useful, and the availability of a live chat is crucial for a proper trading experience. Traders are redirected to a dedicated page when they click the live chat button on the website, which is a minor inconvenience. The broker is not multilingual as it does not offer many different languages.

EMXpro Deposit and Withdrawal

Deposits and withdrawals at Emperor Xpro are possible using several payment methods: Alipay, WeChat Pay, UnionPay, USDT, and wire transfers. The broker insists that traders must use the same method for both deposits and withdrawals, which is a limiting factor for sure. Withdrawals are promised to be processed within 24 hours, which is very competitive, if true. There are no fees charged for either deposits or withdrawals.

EMXpro Review Conclusion – Can you trust EMXpro?

EMXpro is an unregulated offshore broker with limited asset offerings and high trading costs. While it offers access to advanced MT4 platforms and promises quick withdrawals, the high minimum deposit requirements and lack of oversight make the broker very risky. The absence of crypto pairs and stocks, combined with underwhelming educational and support tools, makes the broker a risky and uncompetitive option for our traders.

FAQs on EMXpro

Is EMXpro a scam?

EMXpro scam is likely as the broker is based offshore, is not regulated, and offers expensive trading conditions.

What is the EMXpro minimum deposit?

The smallest minimum deposits at EMXpro start from 100 dollars for the standard accounts, while other accounts require considerably higher amounts.

Is EMXpro a cheap broker?

No, spreads are expensive, and competitive conditions require very high deposits. Spreads are from 1.8 pips on the standard account.

Comments (0 comment(s))