Emporium Capital Review
Richard Montana | November 17, 2022
Emporium Capital is an online broker that operates using a true STP execution model. This allows them to provide you with fast and secure access to the global financial markets with no dealing desk intervention. This ensures that there is no conflict of interest between them and their traders. The broker provides you with versatile trading platforms that are available in desktop, web, and mobile versions. The minimum deposit required to operate a live account is not the cheapest that I have seen at $1,000. However, there are risk-free free demo accounts if you wish to see what the broker has to offer before making a financial commitment. The broker has variable spreads that start from just 0.0 pips and qualifying traders can get leverage up to 1:500. They are CySEC regulated and provide 24/5 support. I think they can be worth consideration for anyone looking to trade in a regulated environment with very competitive conditions.
Pros & Cons
- Professional MT5 trading platforms
- Over 3,000 financial instruments
- STP executions at best available prices
- Free deposits and withdrawals
- Market briefs to inspire trade ideas
- Free demo practice accounts
- Islamic accounts for Muslim traders
- 24/5 support
- $1,000 minimum deposit is quite high
- Few account types to choose from
- Not the tightest spreads
- No live chat support
- Inactivity fees
- Limited asset classes
- No crypto trading or funding
- Cannot accept clients from some countries
With its headquarters in Nicosia, Cyprus, Emporium Capital is an online financial services provider that gives traders the opportunity to trade a large range of over 3,000 financial instruments across different asset classes, including CFDs on Forex, Indices, Commodities and Stocks. They provide you with fully customisable platforms that make the online trading process accessible to everyone. You can also get free access to a good selection of powerful trading tools which can help with analysing the markets for potential trade opportunities. If you are new to the markets, there are plenty of educational guides and videos to bring you up to speed. I can really appreciate how they are 100% client focused and take that extra step to try and ensure all clients can trade in a safe and transparent environment.
The broker has created a secure trading network consisting of high-end technology and prestigious partnerships, all of which enable Emporium Capital to be a secure, transparent and reliable broker. As a Straight Through Processing (STP) Broker, they are able to offer Direct Market Access by connecting client’s orders with the exchanges. This means that you will not have the broker dealing against you, and the people at Emporium Capital actually have an interest in seeing you succeed as they get paid in commission and not the spread.
Emporium Capital offers a proprietary computerized routing algorithm which is designed to optimize both speed and price of execution by continuously scanning competing execution venues and automatically seeking to route the order to the best venue. Therefore, your trades should be executed at the best available prices with minimal slippage.
The broker is authorized and regulated in a few different countries. You can choose the entity that you wish to trade with, keeping in mind that each will give access to different products and services. The investors protection can also differ between regulators. Personally, I would always prefer to use a regulated broker and therefore would consider the CySEC entity over the others. I think they could improve further by adding some more top-tier regulators just like Swissquote.
Emporium Capital Group of Companies are regulated in multiple jurisdictions and provide Contract for Difference (CFD) and Forex trading on multi-asset financial products. They consist of: Emporium Capital K.A Ltd, Emporium Capital Limited and Emporium Capital Ltd.
- Emporium Capital K.A. Ltd: is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC)
- Emporium Capital Limited: is authorized by the Agency for Regulation and Development of the Financial Market of The Republic of Kazakhstan.
- Emporium Capital Limited: is authorized by the Financial Services Authority in St Vincent and The Grenadines
The broker offers its services to clients from different parts of the globe where the use of such services would not be contrary to local laws and regulations. If you are unable to register an account with them for any reason, you can check our updated list of best trading brokers.
MetaTrader 5 (MT5)
You can trade with Emporium Capital on the excellent MetaTrader 5 (MT5) platform. The broker offers you this full-featured, comprehensive and user-friendly platform to facilitate your trading style. I have used the MT5 platform for many years and find it to be a great way to get access to the market via an intuitive interface with everything you need for your day trading activities. It is packed with a plethora of features and functionalities that allow you to trade global assets by using a numerous amount of strategies, order types and algorithms. The platforms support a plethora of sophisticated trading tools and implicated add-on software designed to be used by traders with ample market experience. The software can be used on all of your devices as a desktop version, web platform and mobile trading app. I find the desktop version to be great for automated trading and complex chart analysis. The web platform is ideal if you need to access your account from someone else’s device without needing to install any software. The trading app is more simplistic but perfect for keeping track of your positions and the markets whilst on the move.
- Trade Forex | Commodities (CFDs) | Indices (CFDs)
- 3 Asset Classes | 50+ Instruments
- User Friendly UI | MT5
- Powerful Technical Tools
- Customizable User Panel
In addition to the abundance of tools already built-in the MT5 platform, you are provided with some extra tools. These can be used for technical and fundamental analysis of the markets to try and find valid trading signals. I am a big fan of the economic calendar, which shows scheduled market events and their impacts on the financial markets. I think it is important to be aware of what is happening around the markets before making any trade decisions. There is a calendar implemented within MT5 which saves from the hassle of needing to switch between tabs to see what the latest news is. However, I do think the broker could improve significantly by adding some third-party market analysis tools such as Trading Central and Autochartist, both which you can get for free with Forex.com.
There is a very limited selection of educational resources on the broker’s website. They include some learning articles, market insights, and market news that can help to keep you up to date with the latest happenings in the financial markets. However, the broker lacks extensive educational content when compared to other brokers such as CM Trading. There are no live webinars, seminars, podcasts and eBooks. In my opinion, interacting with professional traders and listening to their stories can be a great way to learn rather than making those mistakes and learning afterwards. In saying that, you will find some basic articles about trading and the various terminologies used.
Emporium Capital provides you with daily market briefings and technical analysis on all main instruments, so you can always stay informed and trade efficiently. You might also brush up on some fundamental market and trade definitions. I actually found the market analysis to be very professional and like how they everything from technical and fundamental analysis, to price action. Even if you don’t use them for signals, they can be a great way to learn how experienced traders are interpreting the current market situation.
You can gain access to the global markets anytime and anywhere to trade a great selection of around 3,000 financial instruments over 4 Asset Classes – Forex + CFDs on Shares, Commodities & Indices. The broker is always evolving, so keep an eye out for more instruments to come. I would like to see them add crypto trading as this is becoming more and more popular with the modern trader. If you want to trade cryptocurrencies, you may check our best crypto brokers for some inspiration.
A CFD or Contract for Difference is an agreement between two parties to the trade (Buyer and Seller) to exchange the difference in value between the opening and closing price for a particular asset. Trade opening price would be the price in effect at the moment the agreement is made at while the closing price would be the price at which the agreement is executed. Essentially trading CFDs boils down to a contract between yourself and the market. A signficant advantage of CFD trading is that you can speculate on the price movement without needing to physically own the underlying asset.
You can open a trade by purchasing a contract for a particular asset and close the trade by selling the contract back to the market, hopefully making a profit in the process. CFDs don’t necessarily have to be on the buy side. As with all trades, you can open a CFD trade on the sell side. The principle remains the same. Buying the contract back from the market to close the trade would hopefully result in profit. In a nutshell, the difference between the price of the underlying asset from when you opened and closed the contract, would be your profit or loss minus any brokerage fees.
Forex and Contracts for Difference (CFDs) can be traded on a leverage, which means that traders need only deposit a small percentage of the full value of the trade in order to open a position. This very popular concept is known as ‘Trading on Margin’. However, please make sure you are aware of the risks involved when trading leveraged positions and never risk more than you can afford to lose.
The broker gives investors access to all major markets at competitive costs through a single account, ensuring accurate and punctual execution of orders via customised services. You can gain access to deep, true liquidity and benefit from some of the best available bid and ask prices. I like how we can get direct access to major global exchanges and experience optimal trading executions at very tight spreads, with minimal slippage on orders. I was unable to find any hidden fees or mark-ups. Instead, it seems they are indeed providing transparent trading with low commissions. Free demo accounts are available if you want to get a feel for what they can offer you without taking any risk.
You get a limited choice of two live trading account options, one for normal retail traders and one for those of you who qualify as professionals. The minimum deposit requirements are quite high compared to the industry standard at $1,000 and $50,000, respectively. If this is out of your reach at the moment, Trade Nation require a minimum deposit of just $1 for opening an account. I also think they could benefit by providing more account types for different trading strategies. I at least like to see a zero-spread account with a small commission fee and a commission free account with minor spread mark-ups. I may suggest that you check HYCM for more account types to meet the needs of all types of traders.
To register an account with Emporium Capital, click on any of the “Create Account” or “Register now” buttons placed all over the brokers website. You will then need to go through the simple 5 step eligibility questionnaires and proceed to open your account. This is to make sure you have the relevant knowledge and experience to trade online. It takes 24 hours or more to open an account which isn’t the fastest. However, the account opening process is fully digital and relatively easy.
I like to see a broker that provides different payment options. Some of you may like the security of a bank transfer whereas others like myself prefer the speed of digital wallets. Once you make a deposit, the funds will appear immediately in your account. No fees will be charged for making a deposit. However, the broker does not currently offer crypto funding but Hugo’s Way is a good alternative if this is something that you are looking for. It is good how accounts can be opened in EUR, GBP & USD. This means you can avoid currency conversion fees if making a deposit in the same currency as your account. You can fund your trading account using one of the payment methods:
- Bank Transfer
- Credit Card
- Digital Wallets
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
The broker has a great selection of over 3,000 financial assets to buy and sell with low commission fees and execution speeds at market leading prices from a combination of liquidity providers. Whilst they can cater for retail and institutional traders alike, I do think there is room to improve. The minimum deposit is quite high and I found the educational content to be lacking compared to some direct competitors. Whilst they do accept various payment options, crypto trading or funding is currently not supported. Overall, I feel that Emporium Capital has a solid offering for those of you who are primarily looking to trade CFDs on the MetaTrader 5 platform in a regulated environment.