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EGMARKETS

Moderate riskForex / CFD broker
🇬🇧 United Kingdom · 2-5 years · since 2022-01-25 · Egmarkets (UK) Limited
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
2 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
43/100
Scam risk ›
0
Clone sites ›
▲ 100% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.49/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that EGMARKETS actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
43
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameEgmarkets (UK) Limited
Headquarters🇬🇧 United Kingdom
Founded2022-01-25
Years operating2-5 years
Employees0
Official websiteegmarkets.trade
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
United Kingdom, 34 South Molton Street, Mayfair, W1K 4RG

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

EGMARKETS operates as an unregulated broker from a UK registration but targeting African clients. The lack of regulatory oversight, combined with high leverage and a generic website, presents a significant risk for traders. The Financial Commission membership provides limited recourse and is not a substitute for formal regulation. Traders should exercise extreme caution.

Best for
  • Traders in Nigeria seeking high leverage up to 1:400
  • Users who prefer trading in local currency (Naira) via proprietary platform
  • Introductory brokers looking for partner programmes in Africa
Not for
  • Traders requiring regulated broker with investor protection
  • Those who need transparent fee and spread disclosures
  • Risk-averse traders uncomfortable with unregulated entities
Period:
What users praise
Where reviewers are from
Cyprus1
United Kingdom1

Real user reviews

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What EGMARKETS says about itself as stated by the broker · not independently verified by FXCanary

About the Broker

EGMARKETS describes itself as a broker established in the United Kingdom with a dedicated focus on the African market, particularly Nigeria. The broker states that it provides a range of financial instruments including forex pairs, shares, indices, and commodities.

Trading Platforms

According to its website, EGMARKETS offers the MetaTrader 4 (MT4) platform for desktop and mobile, as well as a proprietary browser-based platform called Eagletrade, which allows trading in local currency (Naira). The broker also mentions a mobile app available on the Play Store.

Account and Leverage

The broker claims a minimum deposit of up to $250 and maximum leverage of 1:400. It offers partnership programs for introductory brokers in Nigeria, highlighting transparency and trust.

Educational and Support Services

EGMARKETS says it provides live webinars every Tuesday and Thursday, along with trading signals and an academy for trader education. Support is available via phone, email, and WhatsApp, with a Nigerian phone number listed.

Financial Commission Membership

The website displays a logo of the Financial Commission, an external dispute resolution service, on its homepage, suggesting a layer of third-party oversight for client complaints.

About EGMARKETS

Overview

EGMARKETS is an online brokerage that was registered in the United Kingdom on 25 January 2022, with a registered address at 34 South Molton Street, Mayfair, London. The broker targets traders in Africa, particularly Nigeria, offering forex, indices, commodities, and share CFDs.

Despite its UK registration, EGMARKETS does not hold any recognised financial regulator licence. The broker’s domain (egmarkets.trade) and client portal (clients.eagleglobalmarkets.com) indicate a connection to the brand Eagle Global Markets.

Regulation and Risk

EGMARKETS operates without oversight from any major financial regulator such as the FCA, CySEC, or ASIC. The only third-party affiliation visible on its website is a membership logo of the Financial Commission, a private dispute resolution service that is not a regulatory body.

For traders, this absence of regulation means no investor protection schemes, no mandatory segregation of client funds, and no independent monitoring of business practices. The FXCanary Scam Risk Score of 43/100 reflects this high-risk profile.

Trading Instruments

The broker claims to offer forex pairs, shares, indices, and commodities. The specific number of instruments is not detailed on the website, but the broker emphasises a multi-asset offering.

Leverage is advertised up to 1:400, which is significantly higher than the limits imposed by regulated brokers in jurisdictions like the EU or UK. This high leverage amplifies both potential gains and losses.

Platforms and Tools

EGMARKETS provides the widely recognised MetaTrader 4 (MT4) platform, which includes advanced charting, technical indicators, and automated trading capabilities. Additionally, the broker promotes its proprietary Eagletrade platform, a browser-based solution that allows trading in Nigerian Naira.

A mobile app is also listed on the Google Play Store, though user reviews and functionality are not independently verified.

Account Types and Deposits

The minimum deposit is stated as up to $250, but specific account tiers (e.g., standard, premium) are not publicly listed. The broker encourages Nigerian clients with local currency support and a local Nigerian phone number for support.

Funding methods are not explicitly detailed, but the availability of local currency trading suggests possible bank transfers or local payment options.

Customer Support and Education

Support is available via phone, email, and WhatsApp, with a Nigerian contact number. The broker offers educational webinars twice weekly and trading signals to subscribers.

A partnership programme for introducing brokers is also featured, with commission-based earnings.

Overview compiled by FXCanary from regulatory records and public data. full EGMARKETS review