ANSWER Emperior Trade is not a regulated or licensed broker for traders even though it states offers that look good to be true.Emperior Trade claims that it is not registered with the Securities and Exchange Commission (SEC) and a futures commission merchant licensed with the Commodity Futures Trading Commission (CFTC), but regulated by the Department of Financial Services (DFS). However, the DFS is not a forex regulator. According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we did not find any matching results in FCA.Moreover, the Investment Industry Regulatory Organization of Canada (IIROC) warned that Emperior-Trade is not regulated by IIROC or the MFDA and is not a member of the CIPF. You can check the full warning from here.The truth is, Emperior Trade is not overseen by any regulators. But this broker currently has not received any warnings from any regulators. We would recommend traders stay away from unregulated brokers like Emperior Trade and trade with licensed brokers.
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