Should You Trade with EminiFX?
EminiFX has plenty of information surrounding it. Unlike many of the brokers we review, there was a lot to find out, but not for a good reason. EminiFX was the target of a cease and desist order from the U.S. District Court in a case introduced by the Commodity Futures Trading Commission. This means EminiFX isn’t supposed to be operating, but if they do try to let you trade, they are not obeying the order. EminiFX is a suspected Ponzi scheme and was written about in The Washington Post.
We Have Found Some Problems with EminiFX
This well-reported scam involved a broker that isn’t licensed. The broker was involved in commodities fraud and wire fraud. This is serious, but it isn’t unheard of for brokers to resurface after facing legal penalties. That’s why it’s important to keep the EminiFX name in mind and avoid this broker if you see them online in the future.
Red Flags Concerning EminiFX
- No license
- False claims
- Legal problems
- Suspected Ponzi schemes
- Bad press
- Negative reviews
What Should You Do If You Have an Account with EminiFX?
We do not recommend opening an account with Stablegains If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.