Emarlado is managed by the offshore company StarLight Wave Ltd and offers clients trading in currency pairs, stocks, cryptocurrencies, and other CFDs. However, there are very few reviews about the firm, no guarantees of reliability, and the trading conditions appear unfavorable, making the broker untrustworthy. It is highly likely that this is yet another scam, deceiving naive traders through fake trading.
Brief Overview
- 🖥Official Website: emarlado.com
- ✈️Contact Address: Ground floor, The Sotheby building, Rodney village, Rodney Bay, Gros-Islet, Saint Lucia
- 📞Customer Support: [email protected], [email protected], +442070363881
- 🔐Licensing and Accreditation: MISA
- ⏳Track Record: 2023
- 🧰Specialization: brokerage firm
- 🤝Terms of Cooperation: $250, 1:400
- 💰Additional Services: education
Emarlado.com Examination
The official website is the face of the company, especially one that operates online. When you see images taken from free stock photo sites, along with clichéd phrases and expressions that offer no value to the user, it’s impossible to take the broker seriously. The site is littered with these pseudo-motivational phrases, such as “Trade Anywhere, Anytime”, “Next-Level Trading”, or “advanced trading experience, combining cutting-edge features”. These phrases provide no substance; they merely clutter the space.
The overall template of Emarlado’s official website is also unremarkable. There’s a standard top panel with main sections, buttons for account login and registration, and language options to switch between English, Hindi, and Japanese.
The website also lists pseudo-benefits that supposedly enhance and make trading more profitable for clients, but in reality, these are just words without any supporting evidence. The broker reveals very little about itself, only mentioning its Mwali license, legal entity, and address, but neglects to provide details about its business model, founding date, and other crucial aspects of its operations.
In short, the website is entirely unimpressive. It doesn’t stand out from the myriad of other broker sites and has numerous flaws in terms of design and content. Navigation is complicated, and the interface loads rather slowly, indicating poor optimization.
Company Contacts
On Emarlado’s official website, two email addresses and one phone number were found for contacting the managers. A check of this information confirmed that it is genuine. Additionally, users can submit their questions via an online chat, but responses are slow, which is a downside to the company’s service. There are also hyperlinks to profiles on social media platforms like X, Instagram, Facebook, and LinkedIn, where you can try reaching out to representatives.
Key Conditions
Emarlado specializes in CFDs, a type of financial instrument that allows easy manipulation of charts, especially when using an obscure trading platform. The broker has free rein, meaning they can create any chart they wish. Given that their business model is 100% B-book, there’s no doubt the company will work against its clients, pushing them to lose money.
To accelerate this process, traders are offered leverage up to 1:400. While leverage can increase potential profits, it also significantly heightens risk. Furthermore, such high leverage levels are a clear indication of the lack of a license from serious regulators. Financial commissions understand that such high leverage ratios are dangerous for traders, which is why they typically cap it at 1:30 or 1:50.
The size of the spreads depends on the account type chosen by the client. Essentially, the better the account type, the more favorable the trading conditions. This approach artificially creates a demand for more expensive account types. The minimum deposit starts at $250, but according to the information on the official website, users have the option to try a demo account. Other conditions are standard: lots from 0.01, negative balance protection, support, and free education.
The trading conditions at Emarlado are no different from those offered by similar fraudulent firms. The enormous leverage presents significant risks, and the minimum deposit could be lower, as is the case with most popular and reputable companies. The conflict of interest cannot be ignored, and it’s also concerning that commissions are not specified.
Exposing Emarlado
Next, we need to examine the broker’s operations to determine whether it is operating legally or not. StarLight Wave Ltd is registered in Saint Lucia, while the website mentions a license from the financial commission MISA, which operates under the jurisdiction of Mwali, Comoros.
It’s curious that this organization is not found in Saint Lucia, but it does appear in MISA’s records. Emarlado was registered on October 27, 2023. This also reveals the platform’s actual operating period. The company has not even been in operation for a year, and such a short period is not enough to build a reputation as a serious and trustworthy intermediary. It is recommended to consider firms that have been in existence for at least 10 years.
Do not assume that just because a broker is officially registered in Mwali and under the supervision of MISA, it is safe and trustworthy. This is far from the truth. This financial commission is not considered a serious regulator, unlike others such as CySEC, FCA, BaFIN, FINMA, or ASIC. For a trader, a MISA license holds no real value. The company could just as easily be fraudulent and misappropriate client funds.
Moreover, the organization lacks significant experience and popularity among users. The platform could freeze your account and engage in manipulative practices, but the regulator would not be able to assist you in any way.
What Reviews Do Users Leave?
Despite the legal entity being registered in 2023, reviews about Emarlado only began appearing in the summer of 2024. This suggests that the platform likely launched fully just a few months ago. Interestingly, positive reviews dominate online, but there’s something suspicious here as well. None of the comments provide specific details about how much a trader earned or over what period. There is no real evidence that the company allows withdrawals. These positive reviews are likely fake, so they should not be trusted.
Conclusions
Even though Emarlado is registered in Mwali, it is still considered a fraudulent and unsafe broker that publishes fake positive reviews to promote itself. This tactic is commonly used by illegal companies. Additionally, the organization has a short operating history, lacks serious regulation, and is likely interested in its traders’ losses because orders are not routed to liquidity providers. The risk of encountering fraudulent activities, unfair practices, and ultimately losing your deposit is extremely high.
Pros/Cons
- The company is based in Mwali, Comoros.
- The business model with a conflict of interest.
- The platform started operating recently.
- No substantial regulation.
- Fake positive reviews.
These are scammers registered in Mwali, but that doesn’t provide them with any guarantees! They only started operating recently, and they have no proper regulation. There’s also no information about the CEO. Their social media activity is low. This is just another scambroker and fake platform. Don’t trust the fake positive reviews – they’re written by the scammers themselves to lure in naive traders.
Under no circumstances should you choose EMARLADO as your brokerage. I’ve been trying to withdraw my deposit for three weeks without success. First, they asked me to re-verify my account, so I sent in my documents, and they took a week to review them. Then they started telling me there were issues with the withdrawal processing department, followed by claims of technical maintenance. In short, they still haven’t released my $4,150. I don’t know what to do in this situation or how to get these scammers to return my deposit. You’ll likely face the same issues – it’s better to find another broker right away.