EJMarkets is not modest. The website claims that over 480,000 traders use the broker platform, which would be “multi-regulated” in several jurisdictions. This is all bullshit. The German regulator BaFin announced an investigation into the scam. The content on the EJMarkets website and information and documents available to BaFin justify the assumption that WP HOLDING UND MANAGEMENT LTD is unauthorizedly conducting banking business or providing financial services in Germany, the regulator says.
Key Data
| Trading name | EJMarkets |
| Domain | https://ejmarkets.com |
| Legal entity | WP HOLDING UND MANAGEMENT LTD |
| Jurisdiction | United Kingdom Germany |
| Contact data | +441133284061 |
| Payment processor | IpassPay (www.ipasspay.com) |
| Warnings | BaFin |
Short Narrative
The information about the operator of EJMarkets is contradictory. On the one hand, a UK address is given for contacts, and on the other hand, the Legal Documents state a location in Dortmund, Germany. We think that the stated operating company WP HOLDING UND MANAGEMENT LTD is only a fake or a clone of the company with the same name registered in the UK.
Share information
If you have any information about EJMarkets, its operators, and facilitators, please let us know via our whistleblower system, Whistle42.
