EmpireFXM Review – Is It Legit or Scam?

The financial world has changed dramatically over the past few decades. Technology has brought us a new way of looking at money and how we invest it. Artificial intelligence, big data, and the internet of things are all changing the way that we view finance. Digital currency and blockchain are two of the biggest advancements in this area. The cryptocurrency market is no longer niche or small-scale. With more people being introduced to digital assets every day, there is a greater demand for ways to buy and sell them securely. There are many different kinds of exchanges you can use to do this – each with its own pros and cons. An alternative option is using an exchange broker instead of directly buying coins on an exchange like Coinbase or Bittrex. This article will explain everything you need to know about EmpireFx, what they offer their customers if they’re legit or not, and whether you should use their services as a broker instead of an exchange directly buying coins.


What’s an Exchange Broker and How is It Different From an Exchange?

The key difference between an exchange and a broker is that an exchange buys and sells your coins for you. It acts as a middleman, which means you don’t have control over your coins once they’re sold – you don’t have the private keys. This is not the case when you use a broker. You have full control over your coins and they remain in your possession the entire time. You don’t have to worry about losing your funds or being scammed since the broker isn’t handling your coins. You should also note that there are different kinds of exchanges. You can use a cryptocurrency exchange, forex exchange, or futures exchange to buy coins.


EmpireFx Review

EmpireFx is an exchange broker that lets you trade currencies and cryptocurrencies with ease. They help users in over 150 countries trade coins and let you use their algorithmic trading software to automatically execute trades for you. The company is based in London and has been around since 2014. They offer a wide range of trading pairs, including BTC/USD, ETH/BTC, XRP/BTC, BCH/BTC, etc. They also offer advanced security measures (like two-factor authentication) and competitive fees. And perhaps most importantly, they offer their services to people in every country in the world. Unlike most cryptocurrency exchanges that only allow users in certain countries to trade, EmpireFx welcomes everyone.


Free Bitcoin for New Customers

If you sign up and create a new account, you’ll receive free bitcoin worth $100. The funds are sent to your account once you reach $100 worth of bitcoin. This is an interesting offer and could be a nice way to get you started with cryptocurrencies if you’ve never traded before.


Empire Fx Fees

One of the best things about EmpireFx is that they have very competitive fees. The base rate for all trades is 0.50% – which is one of the lowest rates in the business. You’ll pay a 0.25% rate for buying coins and 0.25% for selling them. EmpireFx also offers discounts for high-volume traders who do more than $1 million worth of trades per month.

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Pros of Using a Broker Instead of an Exchange

– You keep full control of your coins. You’re not handing them over to a middleman. – No risk of getting scammed. Since you don’t have your coins in an exchange account, there’s no risk of being hacked and having your money stolen. – Brokers are available in every country. Unlike exchanges, broker services are available to everyone in every country. And they’re especially useful for people in places where exchanges don’t exist. – You can trade at any time. You don’t have to wait for an exchange to open or shut down for maintenance. You can trade 24/7 and whenever you want. – You can use advanced trading strategies. With an exchange, you still have to wait for your orders to be filled. But with a broker, you can place a wide range of complex orders and let them run automatically. – You can move your money whenever you want. – You can trade a wide range of products – not just cryptocurrencies.


Cons of Using a Broker Instead of an Exchange

– You pay a higher fee for the service. While you don’t have to worry about losing your money, it’s worth noting that brokers do charge higher rates. – You have to learn how to use advanced trading strategies. While you can use simple buy/sell orders with a broker, you have more control over your account and can employ more complex strategies. – You have to withdraw and store your coins yourself. This isn’t a big deal if you’re trading a few times a year. But if you’re buying and selling every day, it can get tiresome withdrawing and depositing money each time.


Final Words: Should You Use EmpireFx?

Overall, EmpireFx is a great option for traders. It’s a reliable broker that’s been around for several years and offers everything you need to buy and sell coins and currencies. You have full control over your coins and won’t have to wait for a long time while your orders are being filled. And you can use advanced trading strategies to make sure you always have the best trades. The broker is available to people in every country, and you can use it to trade a wide range of products and coins. The only downside is that you have to pay higher fees for the service. However, you’ll more than makeup for this with the amount of profit you make from trading.


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