Brokers  /  ELMU EMASZ

ELMU EMASZ

Moderate risk
Hungary · 5-10 years · since 2019-07-25 · ELMU EMASZ Energiaszolgaltato Zrt.
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot/5
Forex Peace Army/5
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ELMU EMASZ operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
48
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
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 age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)7510%

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 nameELMU EMASZ Energiaszolgaltato Zrt.
Headquarters Hungary
Founded2019-07-25
Years operating5-10 years
Employees0
Official websiteelmuemasz.hu
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

ELMU EMASZ is an established Hungarian energy utility, not a forex broker. It holds no financial regulatory licences and offers no trading services. Traders should disregard any representation of this entity as a brokerage.

Not for
  • Retail forex or CFD trading
  • Anyone seeking a regulated broker
Period:

Real user reviews

Where ELMU EMASZ operates

Active across 5 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇭🇺 Hungary
🇨🇿 Czechia
🇸🇪 Sweden
🇵🇹 Portugal
🇺🇸 United States

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About ELMU EMASZ

Company Overview

ELMU EMASZ, officially ELMU EMASZ Energiaszolgaltato Zrt., is a Hungarian company registered in Budapest. It operates within the electric power transmission, control, and distribution industry, and its official website is elmuemasz.hu.

Founded on July 25, 2019, the company traces its origins to an earlier establishment on August 26, 2015. Its head office is located at Vaci ut 72-74, Budapest. ELMU EMASZ is not a financial services provider or a forex broker; it is an energy utility firm.

Regulatory Status

Our research indicates that ELMU EMASZ does not hold any regulatory licences from financial authorities. As an energy company, it is subject to Hungarian energy sector regulations, but not to financial market oversight.

Traders seeking a regulated forex broker should note that this entity is not listed on any financial regulatory register. The absence of such licensing is a critical distinction for anyone who may have encountered claims to the contrary.

Corporate Structure

ELMU EMASZ Energiaszolgaltato Zrt. is a limited liability company (Zrt.) under Hungarian law. The company’s corporate structure is typical of a large utility, with a focus on energy distribution rather than financial trading.

Public records confirm its status as an operating business in the energy sector. No evidence suggests it offers trading platforms, accounts, or instruments associated with retail forex or CFD brokerage.

Risk Assessment

Given that ELMU EMASZ is an energy utility and not a forex broker, any claims that it offers trading services should be treated with extreme caution. The company has no regulatory oversight within the financial industry.

FXCanary’s research cannot verify any forex-related services under this name. Traders should avoid associating this entity with trading activities and consult official sources to confirm its business nature.

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