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Contract reading

What EMAR MARKETS legally published, but does not want you to read

Every clause below is published by EMAR MARKETS itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: EMAR Markets (Pty) Ltd.

sole discretionmarketing mismatchprofit voidingwithdrawalsforum waiverhidden feekyc freezebonus lockcountry restrictiondeemed acceptance

EMAR Markets publishes nine legal documents and contradicts its own marketing in four places. A Welcome Bonus account pays out $200 of profit and deletes the rest. The platform page sells automated trading with Expert Advisors, and clause 4.2.1 bans them. You get 2 working days to dispute a trade, and the firm's own server log decides who is right.

Back to EMAR MARKETS

Contract risk

Money at risk
7.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
11
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
10
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
7

How the 11 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning5
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$200Profit at risk. Jump to the clause this comes from.Welcome bonus profit above $200 is deletedCritical3%Fee you were not shown. Jump to the clause this comes from.A 3% charge for withdrawing without tradingCritical2 working daysTime to complain. Jump to the clause this comes from.Two working days to dispute any trade$5Fee on an unused account. Jump to the clause this comes from.A $5 charge every 30 days on a quiet account

What the documents say

11 clauses worth knowing about, worst first, each quoted from EMAR MARKETS's own files

01

EMAR Markets caps the profit you can take out of a Welcome Bonus account at $200. Point 17 of the Welcome Bonus Terms deletes every dollar you earn above that.

Why this matters

Profit over $200 on a bonus account never reaches you. You also have to trade 3 lots across 15 days before you can withdraw even the $200 you are allowed.

Exhibit 1CriticalHarder than usual$200

Clients may withdraw up to $200 of the profit generated from the trading of this bonus. Any profits made on top of this amount will be removed at the time.
Clause 17 in $50 WELCOME BONUS AGREEMENT, p.4
Read from the broker's site on Archived copyOpen the reference
Our own capture of emarmarkets.com, taken on Aug 24, 2026The claim, on Welcome Bonus landing page, Hassle-Free Withdrawals panelVisit this page on the broker's siteDownload the full size image file
Our own capture of emarmarkets.com, taken on Aug 24, 2026What the contract says, clause 17This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

What it costsA Welcome Bonus account holding $700 of profit pays out $200. The other $500 is deleted under point 17.

Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA, and firms under the ESMA product rules, may not offer a cash bonus as an inducement to a retail client trading CFDs. EMAR Markets offers a $50 deposit bonus and then caps the profit made with it.

EMAR MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
3 lots tradedProfit becomes withdrawable only once the account has traded at least 3 lots.15
15 days of tradingYou cannot start a withdrawal until you have traded for a minimum of 15 days.16
$200 of profitEMAR Markets deletes all profit above $200.17
Day 30 without a tradeEMAR Markets takes back the bonus credit.18
  • Worse together with Exhibit 2Using the Expert Advisors the platform page advertises forfeits all bonus profit, so the $200 cap is the best case and not the worst.
02

EMAR Markets advertises MetaTrader 5 for automated trading with Expert Advisors, the trading robots that platform is known for. Clause 4.2.1 of the Client Agreement then forbids you from using them.

Why this matters

Run the software the platform page recommends and you hand EMAR Markets an Event of Default. Clause 12.2 lets it close your accounts and cancel the results of every trade you made.

Exhibit 2CriticalRarely seen

In particular, the Company does not allow the usage of Expert Advisors, robots, or any High-Frequency Trading (HFT) practices — including any form of automated or algorithmic trading intended to execute an unusually high number of transactions within a short period of time.
Clause 4.2.1 in CLIENT AGREEMENT, p.14
Read from the broker's site on Archived copyOpen the reference
Our own capture of emarmarkets.com, taken on Aug 24, 2026The claim, on MetaTrader 5 page, Expert Advisors feature cardVisit this page on the broker's siteDownload the full size image file
Our own capture of emarmarkets.com, taken on Aug 24, 2026What the contract says, clause 4.2.1Visit this page on the broker's siteDownload the full size image file
Our own capture of emarmarkets.com, taken on Aug 24, 2026The claim, on Account types page, Standard account feature listVisit this page on the broker's siteDownload the full size image file
Our own capture of emarmarkets.com, taken on Aug 24, 2026What the contract says, clause 4.2.1Visit this page on the broker's siteDownload the full size image file

Our readingBrokers that limit automated trading usually tie the limit to an account type or to an abusive pattern of use. EMAR Markets bans Expert Advisors outright in the contract while selling the platform on that feature, and its account types page adds the words No strategy restrictions.

03

Deposit money, change your mind, and EMAR Markets can take 3% of what you withdraw. Clause 5.3.23 applies it to any withdrawal made without trading activity since your last deposit.

Why this matters

Send $1,000, decide not to trade, and $30 goes to EMAR Markets on the way out. Its deposits and withdrawals page tells you it charges no fees at all.

Exhibit 3CriticalHarder than usual3%

In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to charge the Client the equivalent amount of any deposit fees incurred, or 3% of the total withdrawal amount.
Clause 5.3.23 in CLIENT AGREEMENT, p.31
Read from the broker's site on Archived copyOpen the reference
Our own capture of emarmarkets.com, taken on Aug 24, 2026The claim, on Deposits and Withdrawals page, No Hidden Fees panelVisit this page on the broker's siteDownload the full size image file
Our own capture of emarmarkets.com, taken on Aug 24, 2026What the contract says, clause 5.3.23Visit this page on the broker's siteDownload the full size image file

What it costsA $1,000 withdrawal with no trading behind it costs $30 under clause 5.3.23. A $10,000 withdrawal costs $300.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before that client trades. This charge sits on page 31 of a 43 page agreement, and the page where EMAR Markets discusses payments says the opposite.

EMAR MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 7The withdrawal that carries this charge is also the one EMAR Markets can hold under a review with no end date.
04

You get 2 working days to complain about a trade, under clause 9.4.1. The clock starts the day the problem happened, not the day you noticed it.

Why this matters

Miss those 2 working days and clause 9.6 lets EMAR Markets refuse to consider your complaint. Its own server log then settles the facts, and clause 9.4.7 calls your evidence invalid where that log holds nothing.

Exhibit 4CriticalHarder than usual2 working days

Client’s claims relating to trading operations shall be accepted by the Company in an electronic format within 2 working days from the date on which the dispute arose.
Clause 9.4.1 in CLIENT AGREEMENT, p.38
Read from the broker's site on Archived copyOpen the reference
Our own capture of emarmarkets.com, taken on Aug 24, 2026Two working days to dispute any trade (clause 9.4.1)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), FSCA (South Africa)

Clients of firms licensed by the FCA get months, not days, to bring a complaint and can take it to an independent service afterwards. South African rules give an FSP's clients access to an independent ombud. The Complaint Procedure EMAR Markets publishes never mentions the 2 working day limit that clause 9.4.1 imposes.

EMAR MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10You have two working days to challenge a price that the contract already makes the only valid price.
05

Share a device, an IP address or a phone number with another EMAR Markets client and clause 4.2.1 treats the accounts as one. Clause 12.2 then lets EMAR Markets combine the balances and cancel both sets of trades.

Why this matters

Two people trading from one home connection is enough to trigger this. EMAR Markets can set your balance against another client's obligations, and clause 4.2.2 lets it cancel profit on an account it merely considers connected to yours.

Exhibit 5CriticalRarely seen1

Any accounts operating under similar or identical trading models, showing the same deposit and withdrawal patterns, or using and/or sharing the same device, IP address, ID, or phone number, or engaging in any form of deceitful or fraudulent activity, will be subject to immediate action by the Company.
Clause 4.2.1 in CLIENT AGREEMENT, p.14
Read from the broker's site on Archived copyOpen the reference
Our own capture of emarmarkets.com, taken on Aug 24, 2026Another client's account can be pooled with yours (clause 4.2.1)Visit this page on the broker's siteDownload the full size image file

Our readingSetting one person's credit balance against a different person's debt is a commercial lending device. Pointed at a retail trading account, it means another client's loss can be taken from money you deposited, and a shared home connection is enough to link you.

  • Worse together with Exhibit 2The ban on Expert Advisors is one of the triggers that turns a shared connection into an Event of Default for both people.

EMAR Markets advertises the features its contract takes away

Clause 4.2.1 of the EMAR Markets Client Agreement bans Expert Advisors, robots and all algorithmic trading, while its MetaTrader 5 page sells automated trading with Expert Advisors and its account types page promises no strategy restrictions. Clause 6.1.3 cuts advertised leverage of 1:3000 down to 1:500 once profit reaches 300% of the deposit, and as low as 1:100 after that.

Sold and forbidden1 clause flagged

EMAR Markets advertises leverage up to 1:3000, which lets you trade with more than your balance holds. Clause 6.1.3 cuts it to 1:500 once your profit reaches 300% of your deposit.

Why this matters

Success is what triggers the cut. EMAR Markets can take you down to 1:100 as your equity grows, without notice, and clause 6.1.3 leaves that call to it alone.

Exhibit 8WarningHarder than usual300%

In the event that the Client’s Trading Account records a profit growth of 300% or more relative to the initial deposit amount, the leverage applicable to the Client shall be subject to dynamic adjustment based on the Client’s equity. Under such conditions, the maximum leverage provided shall be 1:500, which may be progressively reduced in accordance with the Client’s increasing equity, but not lower than a minimum leverage of 1:100.
Clause 6.1.3 in CLIENT AGREEMENT, p.32
Read from the broker's site on Archived copyOpen the reference
Our own capture of emarmarkets.com, taken on Aug 24, 2026The claim, on Welcome Bonus page, High Leverage panelVisit this page on the broker's siteDownload the full size image file
Our own capture of emarmarkets.com, taken on Aug 24, 2026What the contract says, clause 6.1.3Visit this page on the broker's siteDownload the full size image file

Every withdrawal is a review EMAR Markets can extend without limit

Clause 5.3.6 gives EMAR Markets 2 business days to pay a withdrawal, against the 1 to 3 hours its payments page advertises. Clause 5.3.7 removes that limit whenever the account goes under monitoring or review, with no end date written anywhere. Clause 5.3.21 lets EMAR Markets decline a request on objective reasons it judges itself, and clause 5.3.22 puts the cost of tracing a missing payment on the client.

Payout timing1 clause flagged

EMAR Markets tells you funds arrive in 1 to 3 hours. Clause 5.3.6 gives it 2 business days, and clause 5.3.7 lifts that limit whenever it decides to review your account.

Why this matters

A review has no end date anywhere in the contract. Clause 5.3.21 also lets EMAR Markets decline the withdrawal outright where it sees objective reasons, a test it applies itself.

Exhibit 7WarningHarder than usual2 working days

The Company undertakes to complete the funds' withdrawal procedure in the shortest time possible but not later than within 2 (two) business days (excluding non-working days) after the Client’s withdrawal request has been received by the Company.
Clause 5.3.6 in CLIENT AGREEMENT, p.28
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Our own capture of emarmarkets.com, taken on Aug 24, 2026The claim, on Deposits and Withdrawals page, How to Withdraw step 4Visit this page on the broker's siteDownload the full size image file
Our own capture of emarmarkets.com, taken on Aug 24, 2026What the contract says, clause 5.3.7Visit this page on the broker's siteDownload the full size image file

EMAR Markets sells in six languages and verifies in one

The AML Policy requires a notarised English translation of any identity document not written in Latin characters. EMAR Markets runs its site in Arabic, Urdu and Thai, all non-Latin scripts, alongside Malay, Indonesian and Vietnamese. Clause 9.11 of the Client Agreement then makes the English text prevail over every translation.

Language arbitrage1 clause flagged

EMAR Markets sells in Arabic, Urdu and Thai, then asks for notarised English translations of any document not written in Latin script. Its AML Policy sets that rule for identity checks.

Why this matters

A passport or utility bill in Arabic or Thai script has to be translated and notarised before EMAR Markets will accept it. You pay for that, and clause 9.11 says the English text wins over any translation.

Exhibit 9WarningHarder than usual

Individual clients are required to provide the following documents (in cases where documents are written in non-Latin characters, notarized translation into English is necessary) to fulfill the KYC requirements and verify the provided information:
Quoted in Anti-Money Laundering Policy, p.6
Downloaded from the broker's site on Open the reference

EMAR Markets sets the price and bars any comparison with it

Clause 4.1.8 makes EMAR Markets quotes the only valid prices a client may use, and clause 4.1.9 blocks any claim resting on a price from another source. Clause 5.1.13 frees the company from disclosing its counterparties. Nothing in the nine documents says whether EMAR Markets takes the other side of a client's trade.

Pricing authority1 clause flagged

EMAR Markets makes its own quotes the only ones you may rely on. Clause 4.1.9 blocks any claim based on a price from another source.

Why this matters

You cannot challenge a fill by pointing at another broker's chart. Clause 5.1.13 also frees EMAR Markets from telling you who its counterparties are, so you cannot learn whether it took the other side of your trade.

Exhibit 10WarningHarder than usual

The Client agrees that quotations for financial instruments provided by the Company are the only true and valid quotations which the Client may use for trading transactions purposes.
Clause 4.1.8 in CLIENT AGREEMENT, p.13
Read from the broker's site on Archived copyOpen the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must publish a conflicts of interest policy and tell a retail client when they deal as principal against that client. None of the nine documents EMAR Markets publishes says which side of your trade it takes.

EMAR MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

A quiet account pays $5 every 30 days from day 151

Clause 4.11.2 charges $5 for every 30 calendar days once an EMAR Markets account has gone 150 days without a trade or a transfer. Clause 4.11.1, directly above it, says a client's only expense is the spread. Clause 4.12.1 separately lets EMAR Markets archive an account after 90 days without a login, and clause 4.12.2 removes the client's access to it.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

Leave your account untouched for 150 days and EMAR Markets starts taking $5 every 30 days. Clause 4.11.2 sets that charge, while clause 4.11.1 above it says your only expense is the spread.

Why this matters

The charge runs only while your balance is above zero, so a small forgotten balance drains away. Nothing in the contract says EMAR Markets will tell you first.

Exhibit 6WarningHarder than usual$5

In case there has been not at least one opened market order and/or has not been made at least one non-trading operation on the Client's Trading Account within the period of 150 calendar days, the Company sets the commission for the servicing of the Trading Account in the size of 5 USD for every 30 calendar days, starting from the inactive days from the 151 (one hundred fifty-one) calendar day.
Clause 4.11.2 in CLIENT AGREEMENT, p.22
Read from the broker's site on Archived copyOpen the reference

What it costsAn account holding $40 starts paying $5 on day 151. Eight further charges clear the balance.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 90 without a loginEMAR Markets may archive the account where the balance is zero or less and no orders are open. You lose access to it.4.12.1
Day 151 of inactivityA $5 charge starts for every 30 calendar days, on any account with a balance above zero.4.11.2

Nine documents that never mention segregated client money

None of the nine documents EMAR Markets publishes uses the word segregated, names a compensation scheme, or is a conflict of interest policy. Clause 1.7 lists Copy trading Terms and Conditions as part of the agreement, and no such document appears on the legal shelf. The Complaint Procedure does name the FSCA as an outside route, which is more than many brokers offer.

What is missing1 clause flagged

None of the nine documents EMAR Markets publishes says your money is held apart from the firm's own. None names a compensation scheme, and none is a conflict of interest policy.

Why this matters

If EMAR Markets fails, nothing you agreed to tells you where your money sits or who would repay you. Clause 9.12 sends an unresolved dispute to authorities in South Africa and stops there.

Exhibit 11NoticeHarder than usual

If the Parties have been unable to resolve a dispute in the manner prescribed by section 9 of this Agreement, the dispute shall be submitted for settlement to competent authorities of the country in which the Company is registered.
Clause 9.12 in CLIENT AGREEMENT, p.40
Read from the broker's site on Archived copyOpen the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must hold retail client money in segregated accounts and say so, and their clients are covered by a statutory compensation scheme. The nine documents here never use the word segregated.

EMAR MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The page promises all of your profit and the terms cap it at $200.

Said in public, in English

Easily withdraw all your profits from the welcome bonus account without delays.

Welcome Bonus landing page, Hassle-Free Withdrawals panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

In the contract · clause 17

Clients may withdraw up to $200 of the profit generated from the trading of this bonus. Any profits made on top of this amount will be removed at the time.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

02

The Arabic page repeats the promise of all your profit, while the terms that cap it at $200 exist only in English.

Said in public, in Arabic

يمكنك سحب جميع أرباحك بسهولة من حساب المكافأة الترحيبية دون تأخير.

Word for word in English: You can easily withdraw all your profits from the welcome bonus account without delay.

Arabic Welcome Bonus landing page, easy withdrawals panel

In the contract · clause 17

Clients may withdraw up to $200 of the profit generated from the trading of this bonus. Any profits made on top of this amount will be removed at the time.

03

The platform is sold on Expert Advisors and the contract bans them outright.

Said in public, in English

Automated trading with Expert Advisors (EAs) and algorithmic trading strategies

MetaTrader 5 page, Expert Advisors feature card

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

In the contract · clause 4.2.1

In particular, the Company does not allow the usage of Expert Advisors, robots, or any High-Frequency Trading (HFT) practices — including any form of automated or algorithmic trading intended to execute an unusually high number of transactions within a short period of time.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

04

The Standard account is advertised with no strategy restrictions, while clause 4.2.1 lists prohibited practices and leaves the final say to EMAR Markets.

Said in public, in English

No strategy restrictions

Account types page, Standard account feature list

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

In the contract · clause 4.2.1

The final decision on whether a certain trade practice or actions are allowed is made by the Company at its sole discretion.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

05

The payments page says no fees at all, and clause 5.3.23 sets a 3% charge on a withdrawal made without trading.

Said in public, in English

We don't charge any fees for deposits or withdrawals. What you see is what you get.

Deposits and Withdrawals page, No Hidden Fees panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

In the contract · clause 5.3.23

In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to charge the Client the equivalent amount of any deposit fees incurred, or 3% of the total withdrawal amount.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

06

The page promises 1 to 3 hours, and the contract allows more than 2 business days with no outer limit once a review starts.

Said in public, in English

Confirm your withdrawal request. Funds will be processed within 1-3 hours during business days.

Deposits and Withdrawals page, How to Withdraw step 4

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

In the contract · clause 5.3.7

The withdrawal processing time mentioned in clause 5.3.7. can be more than 2 (two) business days in case if the transaction becomes subject to increased monitoring or the account is under periodic review or the Company conducts a survey of the Client’s trading operations.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

07

Leverage is advertised up to 1:3000 and capped at 1:500 once profit reaches 300% of the deposit.

Said in public, in English

High LeverageMaximize your trading potential with minimal capital by leveraging up to 1:3000.

Welcome Bonus page, High Leverage panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

In the contract · clause 6.1.3

Under such conditions, the maximum leverage provided shall be 1:500, which may be progressively reduced in accordance with the Client’s increasing equity, but not lower than a minimum leverage of 1:100.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of emarmarkets.com

What changed quietly

This is our first reading of EMAR Markets' contracts. The only earlier copy available was of the legal documents index page from February 2026, and it listed the same nine documents the page lists today.

  • REMOVEDClause

    EMAR Markets took the monthly trading contest out of its site navigation since February 2026, while leaving the contest rules on the legal documents shelf.

The documents this reading is based on

10 files, all published by EMAR MARKETS. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording EMAR MARKETS publishes.

How this reading was done

Every clause above was read out of a document EMAR MARKETS publishes itself

This reading was published on .

Documents
6 of 10downloaded from the broker's site, and 6 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
7public pages set against what the contract says
Languages
AR vs ENthe language it advertises in, against the language it contracts in

Who the contract is with

EMAR Markets (Pty) Ltd.

EMAR Markets (Pty) Ltd. is the company you contract with. The Client Agreement names it in its opening paragraph and gives its licence as FSCA FSP No. 53070. No second company appears anywhere in the nine documents, so a retail client deals with the licensed South African entity and no offshore one. The contract puts that company at Kildare Centre in Newlands, while every page of the website puts it at the Pavilion Building on the V&A Waterfront.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Negative balance protection is written in plainly. Clause 4.10.4 says a negative balance is not a debt you owe and EMAR Markets returns the account to zero. Swap-free trading covers every instrument, and clause 4.4.3 says that status cannot be lost. EMAR Markets pays the deposit and withdrawal charges itself under clauses 5.2.9 and 5.3.18. The Complaint Procedure names the FSCA as an outside route and attaches a complaint form. Every page of the site carries a loss rate of 85.2%, a figure brokers outside Europe rarely publish at all.

The nine documents open from buttons rather than ordinary links, which makes them easy to miss. We read them from EMAR Markets' own pdf addresses on emarmarkets.com. We read the Client Agreement, the Welcome Bonus Terms, the Complaint Procedure, the Refund Policy and the Risk Disclosure in full. We read only parts of the AML Policy, the Privacy Policy and the Introducing Broker Agreement. We did not read the MT5 Trader Challenge rules at all, and we quote nothing from it. No earlier copy of any of the nine documents exists in the public archive, so we could not set today's contract against an older one. We could not check the 85.2% loss figure against any source of our own.

How to check any of this yourself

Every quote above links to the EMAR MARKETS file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document EMAR MARKETS publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge EMAR MARKETS on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 24, 2026.

If you represent EMAR MARKETS and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on EMAR MARKETS. Whether its licence is real and current is a separate check on the broker profile.

Back to the EMAR MARKETS profile