Emarlado Broker review

Introduction

Emarlado is a brokerage firm that offers a range of financial services to traders at all skill levels. Operating in global markets, it provides access to trading in currencies, stocks, cryptocurrencies, commodities, metals and indices. Emarlado allows users to trade CFD contracts, letting them speculate on asset prices without owning the underlying asset.

The company is regulated by the Mwali International Services Authority (license number T2023397), and its parent company, StarLight Wave Ltd, is registered in Saint Lucia under number 2023-00491. According to the broker’s “About Us” page, Emarlado is committed to making trading more accessible for everyone. It aims to create a secure and transparent environment where traders can reach their full potential.

Emarlado’s mission is to simplify CFD trading for all levels of traders by removing barriers and offering equal opportunities in global markets. This review will explore whether Emarlado is a good fit for potential users by examining key features such as its trading software, account options, supported countries, leverage, and minimum deposit requirements.

Supported Countries

Emarlado is a global forex broker, offering services to many countries. Traders are accepted from the following countries including, Algeria, Angola, Botswana, Cape Verde, Comoros, Djibouti, Equatorial Guinea, Eritrea, Guinea, Guinea-Bissau, Kenya, Namibia, Nigeria, Rwanda, South Africa, Uganda, Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Grenada, Guatemala, Guyana, Honduras, Jamaica, Panama, Paraguay, Peru, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Trinidad and Tobago, Turks and Caicos Islands, Venezuela, American Samoa, Australia, Christmas Island, Cocos (Keeling) Islands, Cook Islands, Fiji, New Caledonia, New Zealand, Niue, Papua New Guinea, Solomon Islands, Wallis and Futuna Islands, Bahrain, Bangladesh, Bhutan, China, Hong Kong, India, Israel, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Malaysia, Maldives, Mongolia, Nepal, Oman, Qatar, Saudi Arabia, Singapore, Taiwan, Tajikistan, Thailand, Turkmenistan, United Arab Emirates, and Uzbekistan.

However, it does not accept clients from several regions, including Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Cuba, Venezuela, Syria, Sudan, Libya, and South Sudan, Afghanistan, Canada, Iran, Iraq, Yemen, Laos, North Korea, and the United States of America.

In its Regional Restrictions policy, Emarlado also notes that it does not provide services to residents of any jurisdiction where doing so would violate local laws and regulations.

Customer Service Rating

Although it would appear as a relatively young broker, Emarlado has gathered a few reviews online. On Trustpilot, the broker has received 27 reviews with an “Excellent” rating and a TrustScore of 4.5 out of 5. One reviewer highlighted the platform’s intuitive design, stating that it was easy to understand how to open and close trades. Another reviewer, a beginner trader, appreciated the support provided, noting that Emarlado ensures proper guidance.

Users also praised the availability of a demo account and the straightforward account opening process. Many found the account managers to be helpful and responsive, especially when handling any issues. Despite being a relatively new platform, Emarlado has not received any negative reviews on Trustpilot or ForexPeaceArmy at the time of writing.

Emarlado Forex Trading Platforms

Emarlado offers traders only one platform, the WebTrader, unlike many other brokers that provide multiple options such as MT4, MT5, or cTrader. This limits traders to a single platform without access to the more widely used alternatives.

WebTrader: Emarlado’s WebTrader is designed for ease of use and flexibility. As a web-based platform, it doesn’t require any software installation, allowing traders to access it from any device with an internet connection. The platform is user-friendly, making it suitable for both beginners and experienced traders. With over 60 analytical tools, including different chart types, technical indicators, and graphical objects, traders can conduct detailed market analysis. Customization options enable users to adjust the trading interface to their preferences. Additionally, the platform provides real-time market updates and quotes, allowing traders to react swiftly to market changes. WebTrader is available in multiple languages, making it accessible to traders from different regions.

Trading Denominations on Emarlado

Emarlado offers its clients the option to denominate their accounts in several currencies, including EUR, USD, JPY, and INR. 

Company Structure

Emarlado is operated by StarLight Wave Ltd, a company registered in Saint Lucia under number 2023-00491, with its headquarters at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. StarLight Wave Ltd functions as an international brokerage and clearing house and is licensed by the Mwali International Services Authority in Comoros Union under license number T2023397.

Emarlado offers Forex and CFD trading with access to over 160 assets. The broker prioritizes security by using advanced technologies to protect transactions and personal data. It provides multiple account types and a user-friendly WebTrader platform, equipped with tools for thorough market analysis. Emarlado is committed to staying updated with technological innovations to meet the evolving needs of traders.

While Emarlado emphasizes personalized support and services tailored to individual trading goals, the platform does not display any awards or recognitions on its website. This lack of visible accolades may deter some traders who rely on awards to assess a broker’s transparency and reputation.

Emarlado Licenses and Regulatory Compliance

Emarlado is operated by StarLight Wave Ltd and regulated by the Mwali International Services Authority (M.I.S.A) under license number T2023397. The company ensures transparency through all legal documentation readily available on its website, allowing clients to review its regulatory status and commitment to compliance. This transparency reflects Emarlado’s dedication to providing a secure and trustworthy trading environment for its clients. Emarlado is not regulated by a top-tier financial authority,

Emarlado Customer Protection

Emarlado operates under the jurisdiction of the Mwali International Services Authority (MISA). The broker offers negative balance protection to help safeguard clients during volatile market conditions. It also provides segregation of accounts ensuring that clients funds are not mixed with company funds. 

Emarlado also enforces a clear Anti-Money Laundering (AML) policy to prevent illegal activities, such as money laundering. The website is secured with an SSL certificate to protect user data, and its Privacy Policy ensures that personal and financial information is handled in accordance with data protection laws. Additionally, the Risk Disclosure document provides transparency about the risks associated with trading.

Customer Service

Emarlado provides customer support through multiple channels, including email ([email protected]), live chat, and phone (+44 207 036 3881). Traders can also use the contact form on the website to reach support. The broker is active on social media platforms like Facebook, X (formerly Twitter), LinkedIn, and Instagram, offering various ways to connect with the support team.

Emarlado claims to offer 24/7 customer support, ensuring timely assistance for clients. Support is available in several languages, making it accessible to traders from different regions.

Trading Information

Emarlado’s spreads are slightly above average but remain competitive. For commonly traded Forex pairs like EUR/USD, spreads start at 2.5 pips for basic accounts and can go as low as 0.9 pips for premium accounts. The broker includes commissions within the spread, making it easier for traders to calculate costs. Although there are no direct commissions, lower-tier accounts face wider spreads.

Swap rates, which are calculated at 00:00 (GMT+3) and converted to the account currency, fluctuate with market conditions. Swap fees for holding positions overnight are standard, with indices like US30 (Dow Jones 30) starting from -2223 points for long positions, and Forex pairs like EUR/USD having swap fees of 47.28 points for long positions.

Emarlado applies a triple swap rate on Wednesdays to cover the weekend, which is common in the industry. With Emarlado, the required margin depends on the leverage used and the size of your position. To avoid margin calls, you must keep your margin above a specified level. This may require adding more funds or risking the closure of your positions.

An inactivity fee of $100 to $1,000 per month is charged if an account remains inactive for a month. Additionally, there is a monthly maintenance fee of $10, which is slightly above average. Higher-status accounts can enjoy reduced spreads and swap fees.

Emarlado Leverage

Emarlado offers a maximum leverage of 1:400. However, leverage varies depending on the asset class. For Forex, the maximum leverage is 1:400, while for indices, it is set at 1:200. Stocks and equities have a maximum leverage of 1:5. While higher leverage can enhance potential profits, it also increases the risk of losses.

Deposits and Withdrawals

While Emarlado doesn’t display deposit and withdrawal information directly on the homepage, these details are available under the FAQ tab in the Trading Tools section. This layout provides clients with easy access to important information, even if it’s not immediately visible at first glance.

Deposits

For deposits, Emarlado offers several methods including credit/debit cards, prepaid cards, E-wallet, and wire transfers. Deposits can be made in various currencies, such as EUR, USD, JPY, and INR, allowing some flexibility.

The minimum deposit to open an account with Emarlado is 250 USD or its equivalent in other supported currencies, which is typical for the industry. While Emarlado does not charge deposit fees, currency conversion fees apply if depositing in a currency different from the account’s base currency.

Withdrawals

Emarlado offers a straightforward withdrawal process, but there are some conditions to consider. Withdrawals can be made using the same methods as deposits, with minimum amounts varying by method with Credit/Debit Card set at $10 while Wire Transfer is set at $100.

Processing times for withdrawals are usually between 8 to 10 business days, which is longer than average. The actual time may vary depending on the trader’s bank and processing speed. Traders can cancel a withdrawal if it has not been processed yet.

Withdrawals can be made anytime, provided there is enough margin in the account to cover the amount and any additional fees.

The broker claims to reserve the right to charge a withdrawal fee based on the circumstances. As of the latest review, Emarlado charges $30 (or the equivalent in account currency) for Wire Transfer withdrawals and 3.5% for other withdrawal methods. Details on these fees can be found in the General Fees document under the legal tabs on the broker’s homepage.

Emarlado Trading Education and Training

Emarlado provides a range of educational resources and support tailored to traders of all skill levels. Whether you’re just starting out or looking to enhance advanced trading techniques, Emarlado offers valuable tools to guide your trading journey.

The Education Center is available after registration and includes courses, eBooks, and other materials split into three categories:

1. Introduction Courses cover trading basics, market terminology, platform introductions (like MetaTrader and ECN), and fundamental concepts.
2. In-Depth Courses dive deeper into trading tools, asset classes (such as CFDs and stocks), and advanced strategies like pattern recognition, entry/exit points, and suggested currency pairs.
3. eBooks focus on key topics like trading psychology, capital management, global markets, and technical analysis—crucial elements for successful trading.

Emarlado also keeps traders informed about market holidays and futures expiries:

• Market Holidays provide an overview of global holiday schedules, helping traders adjust their plans to avoid unexpected market closures.
• Futures Expiry details the expiration dates for futures contracts, allowing traders to manage positions and avoid unwanted liquidations.

Additionally, Emarlado has partnered with Trading Central to provide advanced trading tools. Traders gain access to research, pattern recognition, and customizable alerts to support more informed decisions. The Economic Calendar helps track global economic events and tailor strategies to relevant market conditions.

Conclusion

Emarlado offers a streamlined trading experience through its web-based platform, WebTrader, which is accessible without the need for software installation. The platform is user-friendly and includes advanced tools for trading. While WebTrader is convenient and comprehensive, traders who prefer more widely used platforms like MT4 or MT5 may find fewer options available. However, WebTrader remains a strong choice for those looking for simplicity and functionality in one platform.

Emarlado offers five account types, ranging from the basic Classic Account to the premium VIP Account, with the minimum deposit set at $250. Leverage goes up to 1:400, but it varies by asset class, with lower leverage on stocks and higher leverage on Forex. Emarlado offers account denomination options in major currencies such as EUR, USD, JPY, and INR. While it does not currently support cryptocurrency accounts like some brokers, the available currencies still provide flexibility for a wide range of traders.

Deposits and withdrawals at Emarlado can be made through convenient methods like credit cards, bank transfers, and other APMs. While this information is located under specific sections on the website, it is easily accessible once located. Withdrawals are processed based on the method chosen, with some fees applied. Emarlado operates under the Mwali International Services Authority, ensuring regulatory oversight.

Emarlado has policies like negative balance protection, segregated account, an AML policy, and SSL encryption to safeguard client data. Customer service is available through email, live chat, phone, and social media platforms, with 24/7 support in multiple languages.

Emarlado’s range of trading instruments includes cryptocurrencies, Forex, commodities, stocks, indices, and metals, providing traders with ample market opportunities. Lastly, the broker offers educational resources such as courses, eBooks, and access to Trading Central tools, supporting traders at all levels.