Is FXEM Legit or a Scam? 5 Key Questions Answered (2025)

If you are considering opening an account with FXEM, you are likely wondering if your funds will be safe.

According to WikiFX data, FXEM has a score of 3.34 out of 10, which is considered low and implies higher risk. The broker was established in 2018 and operates out of Mauritius.

Here is what the available data reveals about their safety, fees, and regulatory status.

Question 1: Is my money safe with FXEM?

The Evidence

According to the WikiFX regulatory database, FXEM holds a license from the United Arab Emirates Securities and Commodities Authority (SCA) (License No. 20200000254). However, the current status of this license is listed as “Exceeded”.

The Verdict

Use Caution. The “Exceeded” status is a significant warning sign regarding regulatory compliance.

What this means for you

When a license is marked as “Exceeded,” it often means the broker is operating outside the scope of what their license actually permits. For example, they might be licensed for general financial consulting but are acting as a Forex dealer.

• The Risk: Because they may be operating beyond their permitted scope, you might not have the full protection of the UAE regulator if the broker goes bankrupt or refuses a withdrawal. Use extreme caution here.

Question 2: Are the trading fees and leverage fair?

Leverage Analysis

FXEM offers a maximum leverage of 1:400.

• So What? For a beginner, 1:400 is a “double-edged sword.” While it allows you to control large positions with small capital (e.g., $100 controls $40,000), a small market move against you can wipe out your entire balance instantly.

Cost Analysis

The trading costs depend on which of the three account types you choose:

• King Account ($100 deposit): Spreads start from 1 pip.
• Caesar Account ($500 deposit): Spreads start from 0.7 pips.
• Emperor Account ($1,000 deposit): Spreads are listed as Zero.
• Context: A spread of 1 pip for a Standard account is competitive and aligns with industry averages. However, beginners should always check if the “Zero” spread account charges a commission per trade, which is common for raw accounts.

Question 3: Why aren't there any complaints?

We checked the WikiFX database and found 0 complaints filed against FXEM so far.

Does this mean they are safe?

Not necessarily.

While a lack of complaints is better than a list of scam accusations, “No complaints” does not automatically mean a broker is safe. It could simply mean the broker has a smaller client base or hasn't been active enough in certain regions to generate feedback.

• The Reality: Always judge safety by the License (Question 1), not just user reviews. A broker with a low score (3.34) and regulatory issues is risky even without current complaints.

Question 4: What software will I use?

According to the data, FXEM provides both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

• Platform Analysis: These are the gold standards in trading. They are stable, support automated trading (EAs), and are widely used.
• Qualification: WikiFX data indicates FXEM holds a “Main Label” (主标) for this software. This is generally better than a standard “White Label” because it implies they have more control over the technical infrastructure and server stability.

Final Verdict: Should I open an account?

Based on the low WikiFX Score of 3.34 and the “Exceeded” regulatory status with the SCA, we generally advise caution. While the trading conditions (MT4/5 and 1 pip spreads) look standard, the regulatory warning suggests your funds may not be fully protected.

Brokers change their terms often. Before you click 'Deposit', take 5 seconds to verify their live status and latest certificate on the WikiFX App.