If you’re considering starting to trade in the financial markets, you’ve probably already looking for a good broker. Be careful. Advertisements do not always match reality. Behind big promises, there might be either a real project or a real scam. So, be thorough in your research and dive into various sources of information. For example, today we bring you an Emarlado review that will highlight all the points that deserve your attention.
Key Features
- Company Name: Emarlado, StarLight Wave Ltd
- Website: https://www.emarlado.com/
- Available Contacts: [email protected], +44 207-0363881
- Foundation: 2023
- Services: Trading
- License: MISA
- Initial Deposit: $250
From Sign-Up to Payout
The Emarlado website looks like a typical site for 90% of online brokers. There is nothing remarkable about it, but nothing too off-putting either. We noticed an interesting set of languages available: Hindi, Japanese, and English. It’s curious to consider what kind of clients this broker is targeting, especially since trading with online forex brokers is prohibited in Japan.
The registration process with emarlado.com seems quite lengthy. Traders must first fill out a short form, then provide more detailed personal information, and finally, complete a questionnaire. After that, judging by the registration form, the account can be funded. The company claims not to work with clients from European Union countries, as well as some others. According to their rules, Japan is also included in the restricted countries list, so the presence of the Japanese language still remains a mystery to us.
The broker also requires full KYC identification, so you will need to upload a set of documents before you can use financial transactions.
On the positive side, we noted that the company has developed a document regulating financial transactions and commissions. However, there are downsides as well, particularly regarding the fees. You will need to pay a fee starting at 3.5% to withdraw money to:
- Debit, credit, and prepaid cards.
- Electronic wallets.
We had a lot of questions. Prepaid cards can only be deposited with cash or at an ATM. It is impossible to make a transfer to them. What they are doing on this list is a big mystery.
Regarding the other commissions, there are also bank transfer fees starting at $30. Moreover, Emarlado imposes quite strict inactivity fees. If your account remains idle for even 1-2 months, you will have to pay 100 euros. The longer the period of inactivity, the higher the fee.
If you don’t want to trade with the broker, it is better to close your account. Otherwise, you’ll just be paying unnecessary fees.
Our Trading Experience With Emarlado
Unfortunately, we were not able to open an account ourselves, as the entire European Union is under restrictions, as we mentioned earlier. However, one professional look at the description of the trading platform was enough for us to draw the appropriate conclusions about it. The company, of course, claims that its trading terminal has several advantages, but any experienced investor will tell you otherwise. Let’s break down why.
Emarlado offers you to use a standard WebTrader. What’s so good about it? Well, not much. The best terminals in the industry are downloadable platforms, such as those from MetaQuotes. Why, you ask? Because they allow traders to fully customize their trading environment. They come with customizable indicators, and you can even create and upload your own bot scripts into these platforms.
What can you do with Emarlado’s WebTrader? Practically nothing, except to use what the broker allows you to. Be prepared for a very limited set of indicators. Moreover, the company does not disclose the origin of the platform. This lack of transparency might mean you could experience issues like slippage or other problems that often accompany unknown terminals.
The Reality Check
Emarlado’s website makes a lot of claims about its exclusivity. However, we are here to provide you with full information about the company. That’s why we thoroughly verify all of its statements and, of course, its transparency.
In the footer, we see that the broker claims to be registered in the offshore zone of Saint Lucia. Naturally, this is not the best place to register a brokerage company, but who are we to give them advice? Since we know for sure that it is impossible to obtain an online broker license in Saint Lucia, it did not surprise us that Emarlado got the necessary documents from another jurisdiction. They provide a license number from the MISA regulator, which is in the Comoros Islands. However, this is another poor choice, as it is an unverified regulatory body.
It issues licenses for money, without rigorous checks on brokers, who can continue to renew their documents indefinitely by simply paying the annual fees.
The project’s managing company is called StarlightWave Ltd, and it is indeed listed in this not-so-legitimate MISA registry. Well, at least we know that Emarlado is financially capable of buying a few licenses to increase its chances of gaining traders’ trust. However, it remains an offshore broker that has not undergone proper scrutiny by any reputable regulatory body. So, before deciding to work with them, think carefully.
How Long Has Emarlado Been in the Game?
There are also some concerns about the project’s duration of operation. Checking the emarlado.com domain showed that it was created only in November 2023. Again, any experienced trader will understand that this is too short a time to make any conclusions about the broker’s reliability. We personally choose companies that have been in operation for at least five years. While we can’t make decisions for our readers, we encourage them to consider whether they are confident that a young broker will easily survive market crises, which are quite frequent.
Extra Fraud Indicators
Accusing Emarlado of direct fraud would be incorrect. After all, the company is officially registered and has even spent money on some sort of license. However, there are several factors that concern us.
First and foremost is the fact that this very “lenient” license gives the company the right to set any trading conditions they want. For example, all over the website, we see promises of bonuses. However, for any reputable European regulator, bonuses are not standard practice. Attracting clients in this way is prohibited. Typically, the conditions for working off these bonuses are so unfavorable to traders that they end up losing their deposits faster than they can benefit from such a “gift.”
Naturally, the list of cons also includes enormous leverage. On forex pairs, where volatility is off the charts, the broker offers a leverage of 1:400. Seriously, guys, if you were trading with a reliable European broker, the maximum you would get is 1:50. And trust us, even that is enough to either earn or, unfortunately, lose your deposit if you haven’t calculated your risks properly.
The user agreement also makes it clear that Emarlado operates like a boiler room. The company does not execute your trades on the interbank market and has the right to reject any of your orders. This, of course, increases the risk of losing your entire deposit here.
Is Emarlado the Right Fit?
Well, in our practice, we have seen worse scams. As we mentioned earlier, Emarlado has at least bothered to officially register the company. But that doesn’t negate the fact that registration in an offshore zone is still highly unreliable, or that the regulatory institution in the Comoros is far from ideal. So, when deciding to cooperate with this project, carefully weigh all the pros and cons — there might be more cons than you think.
I’ve started noticing reviews about this broker recently. What puts me off is that most of them seem to be written in the same style, almost like a copy-paste. They are probably paid for, so I have my doubts about the integrity of this project.
The operator of domain emarlado.com is a big fraud and he is collecting money from innocent people by giving them fake promises that he will open their forex account.
But once he receives payment, he will vanish and stop all communication.
I had similar experience. I was asked by these operators to pay Indian Rs 23,159 on 5-1-2025 in the name of Jagan Enterprises. After this they stopped responding and the login to forex account failed to work.
These fraudsters call from cell nos starting with +44 followed by 7701. They operate from India with counterparts abroad. They have account with Yes Bank in India.
PLEASE BLOCK THIS DOMAIN FOR THE SAFETY F THE INNOCENT PEOPLE.
EMARLADO.COM IS A BIG FRAUD. EMARLADO.COM IS A SCAM.
Do not pay anything to these people otherwise you will lose your money.
They have fake websites where they post self made reviews praising themselves so that the innocent consumers get trapped and pay them after reading their self created positive reviews..