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FXEM: account terms, client-money distinctions and withdrawal conditions

FXEM’s current site presents MT5 trading through the Empire Markets brand, while a linked classic site still describes an SVG company and MT4. Its full client agreement adds important distinctions between retail and professional client money, discretionary balance protection, record-dispute deadlines and delegated trading authority.

By FXBrokers.ai Editorial DeskOperating status: ActiveSources checked Published Updated
Profile scope

The main-site agreement names Empire Markets Limited in Mauritius. The linked classic site names Empire Markets LLC in SVG. Platform prices and protections must be matched to the actual company and client category.

  • The main site names Empire Markets Limited in Mauritius and claims FSC licence GB22200699; the linked classic SVG site is a separate entity context.
  • The indexed account table shows King, Caesar and Emperor, but the live page does not consistently render their detailed price cells.
  • The client agreement gives two business days to dispute trade confirmations and account statements.
  • A 30-business-day refund policy runs from approval and must not be presented as the ordinary withdrawal deadline.

Accounts and access

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The main FXEM site and the linked classic site describe different platform and company contexts. The main site publishes a Mauritius client agreement and advertises MT5, while the classic site names an SVG company and MT4. Their account conditions should not be pooled into one offer. The main account comparison is also inconsistently rendered: its indexed primary text contains King, Caesar and Emperor terms, whereas direct access currently shows their names without the complete matrix. The prices below are therefore identified as published indexed terms requiring confirmation in the actual account. The complete contract provides firmer detail on cash, records and delegated authority.[1][12][2][9]

At a glance01

Published indexed account pricing

Published indexed account pricing
ItemTerms and implications
KingSpread floor 1 pip; zero trading commission; minimum-deposit cell 100.Source 2
CaesarSpread floor 0.7 pip; zero trading commission; minimum-deposit cell 500.Source 2
EmperorSpread floor zero; commission cell US$3; minimum-deposit cell 1,000.Source 2
Unit caveatThe deposit cells do not clearly specify a currency, and the US$3 commission cell does not define per-side versus round-turn treatment.Source 2
At a glance02

Account settings in that matrix

Account settings in that matrix
ItemTerms and implications
CurrenciesUSD and EUR are listed.Source 2
Leverage range1:1 to 1:400, with tiered margin indicated.Source 2
Minimum size0.01 lot; maximum size is instrument-specific.Source 2
Verification statusThe matrix is available through the indexed official page, but its detailed cells were not consistently visible in direct retrieval on the review date.Source 2
At a glance03

Client eligibility

Client eligibility
ItemTerms and implications
AgeAt least 18 or the legal age in the client’s country.Source 1
Published exclusionsIncludes the US, Japan, Russia, North Korea, Iran and Myanmar; in Canada the footer specifically names British Columbia, Quebec and Saskatchewan.Source 1
Other exclusionsThe full footer lists additional countries and says the list is not exhaustive. A worldwide acceptance claim would be inaccurate.Source 1

View full spreads & trading costs

Markets and platforms

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At a glance04

Current and classic platforms

Current and classic platforms
ItemTerms and implications
Main siteMT5 desktop, web and mobile routes, with forex and CFDs across shares, indices, commodities, metals and energy.Source 1Source 12
Classic siteMT4 and a different ECN-account presentation under the SVG company disclosure.Source 1Source 12
Transfer assumptionCross-linking the sites does not prove that an existing account, open position or protection automatically migrated between the two entities.Source 1Source 12
At a glance05

Orders and platform tools

Orders and platform tools
ItemTerms and implications
Advertised order typesMarket, limit, stop and trailing-stop orders.Source 2Source 3Source 9
AutomationThe account FAQ describes Expert Advisors; broker restrictions on abusive latency strategies still apply.Source 2Source 3Source 9
Device scopeMobile monitoring does not establish that a desktop EA or trailing-stop process continues running with the desktop terminal offline.Source 2Source 3Source 9

Fees and ongoing costs

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At a glance06

Commission and financing

Commission and financing
ItemTerms and implications
Account pricingKing/Caesar show zero trading commission; Emperor shows US$3 with an incomplete unit.Source 2Source 7
Swap-free availabilityThe indexed matrix marks King/Caesar available and Emperor unavailable; the overnight page does not support calling every account swap-free.Source 2Source 7
Current ratesObtain the actual instrument financing, commission unit and any swap-free replacement charge before trading.Source 2Source 7
At a glance07

Currency conversion

Currency conversion
ItemTerms and implications
Base currencyThe contract permits GBP, USD, EUR or another agreed currency; the current account comparison lists USD/EUR.Source 9Source 2
Different-currency depositsConverted into the account’s base currency unless otherwise agreed.Source 9Source 2
Rate and markupSection 13.6 permits a company-selected reasonable exchange rate plus a markup; no universal numerical markup is specified.Source 9Source 2
At a glance08

Inactivity and unclaimed balances

Inactivity and unclaimed balances
ItemTerms and implications
Ordinary inactivity feeA current numerical inactivity tariff was not established in the inspected main-site contract and legal pages; that is not a confirmed zero fee.Source 9Source 5
Six-year ruleFor retail money, the contract permits ending client-money treatment after six years without balance movement if reasonable efforts cannot trace the client.Source 9Source 5
ScopeThis long-unclaimed-balance provision is different from an ordinary monthly inactivity charge.Source 9Source 5

Orders, margin and execution

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At a glance09

Margin figures in the indexed table

Margin figures in the indexed table
ItemTerms and implications
Margin call100%.Source 2Source 9
Stop-out50%.Source 2Source 9
Hedged margin50%.Source 2Source 9
Actual applicationThese matrix figures do not override instrument tiers or later risk adjustments under the contract.Source 2Source 9
At a glance10

Published order limits contain a unit defect

Published order limits contain a unit defect
ItemTerms and implications
Order countThe conditions page states up to 100 orders, including pending orders.Source 3
Trade sizeIt states a maximum of 30 standard lots per trade.Source 3
Conflicting equivalentThe same page calls 30 lots equivalent to US$300,000; that does not reliably reconcile with the stated standard-lot label.Source 3
Actionable limitUse the instrument’s actual contract size and platform order limit; do not derive cash exposure from that inconsistent example.Source 3
At a glance11

Order acceptance

Order acceptance
ItemTerms and implications
Permitted channelPlatform instructions and telephone instructions where the firm permits them.Source 9
Indicative quoteA verbal or displayed indication is not itself a binding executed trade.Source 9
Binding executionThe agreement requires acceptance, execution, recording and confirmation by the firm.Source 9
Abuse reviewLatency exploitation can lead to correction or revocation under section 27.Source 9

Deposits, withdrawals and balances

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At a glance12

Deposits and account ownership

Deposits and account ownership
ItemTerms and implications
MethodsBank wire or another method the firm specifies; cash is not generally accepted without agreement.Source 9Source 10
ChargesThe client bears third-party transfer costs and any applicable method-specific company fee.Source 9Source 10
ComplianceThe AML policy permits identity, ownership and source-of-funds checks.Source 9Source 10
At a glance13

Ordinary withdrawals

Ordinary withdrawals
ItemTerms and implications
RequestA positive cash balance can be requested, subject to open exposure and other obligations.Source 9
Contract routeSection 13.4 specifies a return payment by bank wire; the actual available route should be confirmed before funding.Source 9
CurrencyNormally the account base currency unless another currency is agreed in advance.Source 9
DeadlineThe inspected contract does not establish a single ordinary-withdrawal processing deadline.Source 9
At a glance14

Reasons money may remain unavailable

Reasons money may remain unavailable
ItemTerms and implications
Open losses and marginThe firm can withhold funds needed for losses, current margin or reasonably anticipated future margin.Source 9Source 10
Other obligationsActual or contingent liabilities can reduce the amount payable.Source 9Source 10
Dispute or documentationAn unresolved relevant dispute or missing required documents can delay payment.Source 9Source 10
At a glance15

Refunds have a different procedure

Refunds have a different procedure
ItemTerms and implications
Covered situationsThe policy addresses cases such as incorrect, duplicate or unauthorised payments and service-related refund requests.Source 11
Time limitRefund processing may take up to 30 business days from approval.Source 11
Starting pointApproval is not the same as the date a client first asks for a refund.Source 11
Withdrawal distinctionThis refund timetable should not be used as the ordinary cash-withdrawal timetable.Source 11
At a glance16

Refund destination and disputes

Refund destination and disputes
ItemTerms and implications
Contact[email protected] with the relevant payment and account information.Source 11
DestinationNormally the original payment method, unless an alternative is arranged.Source 11
ChargebacksThe policy allows account suspension while a chargeback or payment dispute is investigated.Source 11

Regulation and client protection

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At a glance17

Main-site entity disclosure

Main-site entity disclosure
ItemTerms and implications
MauritiusThe agreement and footer identify Empire Markets Limited and claim FSC licence GB22200699.Source 1Source 4Source 9
Address change in public materialThe current footer gives Nalletamby Road, Morcellement Boucan, Phoenix; the older agreement still prints Sterling Tower, Port Louis.Source 1Source 4Source 9
UAE affiliateThe footer separately identifies Empire Markets Financial Services LLC and claims licence 20200000254.Source 1Source 4Source 9
Verification limitNo directly retrieved current authority record resolved every licence/activity claim; a UAE affiliate reference does not establish the permission or protection of the Mauritius account.Source 1Source 4Source 9
At a glance18

Classic-site registration and UK trademark

Classic-site registration and UK trademark
ItemTerms and implications
SVG companyThe classic site names Empire Markets LLC, registration 1985 LLC 2022.Source 12Source 13Source 1
Authority scopeThe SVG FSA notice explains that it does not license or regulate forex/binary-options brokerage; incorporation is not a forex dealer licence.Source 12Source 13Source 1
UK trademarkUK00003769330 is presented as a trademark registration. It does not establish FCA investment authorisation.Source 12Source 13Source 1
At a glance19

Retail client money

Retail client money
ItemTerms and implications
SegregationSection 14.1 says retail client money is held separately from the firm’s money.Source 9
Third-party holdingsFunds may be placed with a bank, exchange, clearing house or intermediary for a transaction or margin requirement.Source 9
InterestNo interest is payable unless separately agreed.Source 9
Counterparty riskSegregation does not establish that every bank or intermediary failure is insured.Source 9
At a glance20

Professional money is treated differently

Professional money is treated differently
ItemTerms and implications
Title transferSection 14.2 transfers ownership of professional/eligible-counterparty margin money to the firm as security for obligations.Source 9
SegregationThat money is not held under the contract’s client-money rules or segregated from the firm’s own money.Source 9
InsolvencyThe client ranks as a general creditor for the transferred money.Source 9
Category decisionA claim of universal segregation would therefore misdescribe the published contract.Source 9
At a glance21

Negative balances

Negative balances
ItemTerms and implications
Normal-market safeguardsThe contract says some platforms aim to prevent deficits, but the safeguards can fail.Source 9
ReviewA negative balance should be referred to the trade audit team; any adjustment is at the firm’s discretion.Source 9
ExclusionsForce majeure, certain fees or breaches, credit arrangements and professional categories are among the exceptions.Source 9
ConclusionThe terms do not establish unconditional negative-balance protection or insured capital.Source 9

Support, records and complaints

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At a glance22

Account statements and confirmations

Account statements and confirmations
ItemTerms and implications
InformationThe contract describes ticket numbers, execution rates, margin, profit/loss and open/pending positions through the platform or secure site.Source 9
Update targetNormally available within 24 hours after account activity.Source 9
ReportsDaily, monthly and yearly reports can be generated; the client is required to generate a statement at least monthly.Source 9
Alternative deliveryPaper or emailed statements/confirmations can be requested in writing.Source 9
At a glance23

Short objection deadlines

Short objection deadlines
ItemTerms and implications
Trade confirmationThe contract requires written rejection within two business days of platform posting or dispatch, subject to its error provisions.Source 9
Monthly statementThe two-business-day period runs from the first day of the next month for platform-only statements, or from dispatch where paper/email delivery was elected.Source 9
Practical implicationCheck records promptly; a missing statement should not be left until an annual review.Source 9
At a glance24

Complaints and interrupted access

Complaints and interrupted access
ItemTerms and implications
ComplaintThe website offers a complaint form; the contract says the detailed complaint procedure is available on request.Source 9Source 8
EvidenceKeep the account, trade and communication records supporting the issue.Source 9Source 8
Telephone ordersThe contract contemplates telephone dealing where applicable, but the inspected pages do not establish a dedicated authenticated outage-dealing number or operating hours.Source 9Source 8

Additional services

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At a glance25

Social trading

Social trading
ItemTerms and implications
PlatformThe social-trading page identifies MT5 as the supported platform.Source 6
FunctionFollowers can copy trades and choose allocations; strategy providers can receive a share of generated profits.Source 6
Unspecified detailThe public page does not establish one universal fee rate or the exact handling of open copied positions when following stops.Source 6
At a glance26

Revoking delegated authority

Revoking delegated authority
ItemTerms and implications
Written instructionSection 19.15 requires written notice to revoke or vary a Limited Power of Attorney.Source 9Source 6
Effective timeNormally two working days after receipt, unless the firm agrees to a shorter period.Source 9Source 6
Continuing responsibilityThe client remains liable for instructions before revocation becomes effective and for positions still open.Source 9Source 6
Copy-service distinctionDo not assume that clicking unfollow is the same as revoking every separately granted power of attorney.Source 9Source 6

Company and operating history

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At a glance27

Changes and termination

Changes and termination
ItemTerms and implications
AssignmentThe agreement provides at least ten business days’ written notice of a transfer or assignment.Source 9Source 12Source 1
Client terminationThe client can terminate by written notice; the firm can subsequently close open positions under the contract.Source 9Source 12Source 1
Company terminationNormally five business days’ notice; immediate termination exceptions also apply.Source 9Source 12Source 1
Migration evidenceThe cross-linked main/classic websites do not establish that a particular client accepted a transfer between the named companies.Source 9Source 12Source 1
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

Empire Markets Limited

MauritiusSource 9

No separate licence entry is recorded in this panel.

Important terms and limitations

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At a glance28

Items requiring the actual account schedule

Items requiring the actual account schedule
ItemTerms and implications
Price and sizingDeposit currency, Emperor commission unit, current leverage and the inconsistent 30-lot example.Source 2Source 3Source 9Source 6
Legal categoryExact counterparty, licence/activity scope and retail versus professional money treatment.Source 2Source 3Source 9Source 6
Cash and delegated accessOrdinary withdrawal timetable, relevant fees and the effect of cancelling copying or an attorney’s authority.Source 2Source 3Source 9Source 6
Follow the evidence

Sources & further reading

  1. Current FXEM website and entity footer Empire Markets / FXEM · Accessed 27 Oct 2026
  2. King, Caesar and Emperor account comparison Empire Markets / FXEM · Accessed 27 Oct 2026
  3. Trading conditions and order limits Empire Markets / FXEM · Accessed 27 Oct 2026
  4. Regulatory disclosures Empire Markets / FXEM · Accessed 27 Oct 2026
  5. Current legal-document index Empire Markets / FXEM · Accessed 27 Oct 2026
  6. Social trading description Empire Markets / FXEM · Accessed 27 Oct 2026
  7. Overnight positions and swap-free availability Empire Markets / FXEM · Accessed 27 Oct 2026
  8. Complaint contact form Empire Markets / FXEM · Accessed 27 Oct 2026
  9. Current linked client terms and annexes Empire Markets Limited · Accessed 27 Oct 2026
  10. AML/CTF policy, version July 2023 Empire Markets Limited · Accessed 27 Oct 2026
  11. Refund policy Empire Markets Limited · Accessed 27 Oct 2026
  12. Linked classic FXEM site and SVG identity Empire Markets LLC · Accessed 27 Oct 2026
  13. FSA jurisdictional statement on forex licensing in its February 2026 notice; named warning concerns unrelated HorizonCFDs Financial Services Authority, Saint Vincent and the Grenadines · 2 Feb 2026 · Accessed 27 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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