Reported Website: https://empiretradeoption.online/
Empire Trade Option claims to be one of the hottest platforms for forex trading while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, Empire Trade Option shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to Empire Trade Option in the above two regulatory bodies. The truth is, Empire Trade Option is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
