EMX1.vip Review – How To Avoid Sluimping Bank Account To Zero

If you check EMX1.vip website, you will quickly realize it’s a mobile version of the platform presented on a desktop device. Should such web development represent reliability? Definitely not. Especially if you are sending them cryptos.

Nevertheless, with this company, there’s only one outcome possible – to lose everything. Therefore, watch out for our tips in this EMX1.vip review if you want to keep your funds in a safe place.

Legal Info: Is EMX1.vip Legit Or A Scam?

The first thing traders see is EMX1.vip reviews. Not the most presentable ones that would convince us to deposit with this company. Nevertheless, besides those reviews, the company is not regulated anywhere. Neither do they transparently reveal legal information, such as name, address, contact details, or T&Cs.

For that reason, we had to check multiple regulatory databases. For example, FCA, ASIC, BaFin, CFTC, AMF, and a few more top-tier regulators. To be fair, we didn’t expect to find this company in any of those registers. And we didn’t. There you go; the scam is exposed. Still, you should watch other tricks this broker uses.

Who Are EMX1.vip’s Victims?

Before you complete EMX1.vip deposit procedure, make sure to check all information about the company, such as their registration date. Yes, we all know legal details are missing. Thus, domain age can tell you approximately when they started. In this case, it was January 2024.

So far, most of the scammed traders come from: 

• Hungary
• Slovakia
• Portugal
• Norway

Unfortunately, the list will just expand over time. But in case you become their next victim, make sure that everyone knows. Also, you can contact our refund team for more advice. For instance, about the CipherTrace tool that can help you track your crypto.

Traders Reviews

As mentioned, the company’s reviews are not promising. The key issue traders report on Trustpilot is the EMX1.vip withdrawal procedure. It appears they might even send you back some small amount of money to collect more information from you. Sadly, that seems to end up with your bank account or crypto wallet balance being wiped off. If that’s the case with you as well, hit us with a message for a quick consultation.

Leverage, Commissions, Spreads, Fees and Taxes

With the company’s anonymous approach, literally zero details are publicly available. Unfortunately, it’s the same for all costs included in trading with this firm. Hopefully, you won’t fall for their tricks to make a deposit. Another company you shouldn’t deposit with is the BullishFX investment firm.

Bonuses

In general, bonus deals are quite rare with crypto exchanges. If they do offer it, it’s mostly to promote new coins or features.

Still, with the EMX1.vip exchange, none of those possibilities are revealed. Don’t be surprised if you get some shady bonus deals.

EMX1.vip Trading Features

Unfortunately, the EMX1.vip login procedure is only available for invited traders. Practically, you can’t register with them unless someone referred you. Anyway, all features are practically locked in, and we can’t explore anything on their platform. And that’s enough of a big sign to stay away from them.

Trading Platforms Available

Instead of EMX1.vip app, the company offers a web-based platform. With limited access to the platform, it’s hard to predict what features their platform might offer except for staking services. Still, without regulations, none of that matters.

Available Trading Assets

All trading assets with this company are related to cryptocurrencies. Obviously, they tend to offer the most popular ones to attract as many victims as possible. Luckily, there are ways we reveal in our Bitchain review to predict the company’s intentions. 

Anyway, some of the available trading options are: 

• BTC/USDT
• ETH/USDT
• TRX/USDT
• BCH/USDT and 15+ more.

Account Types

Usually, crypto exchanges don’t have regular account types. Instead, they offer certain benefits to traders who trust them with more money and have a bigger trading volume. However, with EMX1, those details are not revealed. Therefore, we invite you to leave an Elite Markets Exchange review and help us expose all their flaws.

Mobile Trading App

The company’s mobile app is practically a web app. Most importantly, it’s not available in trusted stores for iOS and Android devices. This tells you enough about the company’s vision for the future. They have prepared everything to vanish quickly.

Demo Account

With limited access to the platform, we can’t expect a demo account. Indeed, the EMX1.vip crypto exchange doesn’t even offer any. 

But to be fair, many exchanges don’t include demo accounts because the logic is simple. You either buy or sell cryptos. There’s nothing fancy about it. However, if they offer leveraged trading, a demo account would be more than a suitable option.

Education

With the fast-paced development of the digital world, traders must learn before they invest. Things are changing regularly, and proper education is the key to success. Thus, with this scam firm, an educational program doesn’t exist.

EMX1.vip Withdrawal

Generally, withdrawal policies should contain all details related to the withdrawal procedure. Such as processing time, methods, fees, and clauses, if there are any. 

But one thing is quite important when it comes to withdrawals. If the company is not licensed, no matter what they write in the policy, it’s worthless. However, with this exchange, the policy doesn’t even exist. So, you can say “Goodbye” to withdrawals.

Customer Support

Important to realize is that this firm offers zero contact options. Apparently, there’s a customer service feature available. Yet, it seems it only works for registered users. And that’s another huge sign to avoid them.

Key Information To Consider About EMX1.vip

Everything about this company is questionable. Starting with its platform, legal details, and costs. Therefore, the only possible outcome is to get scammed. Unless you think about it for a second and decline their offers.

But if you fall for their tricks, don’t worry, you are not first or last. We’ve been through the same at the beginning. However, remembering our tips can be a game changer. That’s why our team is working hard now to help other traders avoid such traps and even recover money from similar scams.

In this case, with crypto-related transfers, you will definitely need our expertise and CIpehrTrace tool. To find out how to recover your money with it, book a consultation with our team for free.

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