Forex Brokers

Eminant-Magnificent

1.3 (15 reviews)
🇳🇿 New Zealand
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1.3
15 reviews
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About Eminant-Magnificent

Eminant-Magnificent has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

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Customer Reviews

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Wish I had read reviews first

K
Karen N.
1 months ago

Do not believe the bonus offer from Eminant-Magnificent. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited when my bank disappointed me and I searched for alternatives and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

Pros: Helpful community forum|Easy withdrawals

Cons: No crypto staking|No phone support on weekends

Did my research - this is suspicious

T
Thomas R.
1 months ago

Several red flags with Eminant-Magnificent: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Password reset broken for weeks

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Hugo W.
1 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Eminant-Magnificent said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Transparent fees|Great customer service|Stable platform

Cons: No live chat on mobile

They blocked me after I invested

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Alex O.
2 months ago

Tried to withdraw my funds from Eminant-Magnificent and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

Pros: Professional looking website

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

Disgraceful treatment of customers

C
Charles J.
5 months ago

My withdrawal from Eminant-Magnificent was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.

Pros: Responsive team|Stable platform|Clean UI

Cons: Wish they had more educational resources|Search feature is basic

Regret choosing Eminant-Magnificent

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Patrick A.
6 months ago

I am in a dispute with Eminant-Magnificent over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Fast support response|Tax reports included|Good mobile app|Excellent charting

Cons: Email notifications too frequent

Account closure takes 30 days

S
Seth G.
6 months ago

I trusted Eminant-Magnificent with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Clear documentation|Detailed reporting|Instant funding|Comprehensive tools

Cons: Website design could be more modern

Accounting export broken

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Natalie Y.
6 months ago

I referred a friend to Eminant-Magnificent after comparing multiple platforms. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Quick verification|Automated trading options|Multiple order types|Segregated accounts

Cons: Live chat only during business hours|No crypto staking

Copy trading copied the worst traders

M
Melody G.
6 months ago

Eminant-Magnificent seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Regular updates|Responsive team|Professional team|Segregated accounts

Cons: Research section could be deeper|Inactivity fee applies after 12 months

Joint account not supported

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Caleb F.
7 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Eminant-Magnificent is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Customizable dashboard|Professional team

Cons: Desktop app not available on Linux|Search feature is basic