Do you want to trade with AITrader FX? Why Aitrader.fm is not a genuine broker! Read detailed AITrader FX review to know about this platform.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
AITrader FX also known as Altrader.fm is an offshore brokerage company owned and operated by AITrader (UK) LTD a lot of promises for forex traders. The company openly presented office address in North London Business Park, Brunswick Park Rd, London N11 1GN, United Kingdom.
What is more, there are different account packages showed on the website.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Deposit and Withdrawal
AITrader FX Minimum Deposit:
AITrader claims to offer four types of trading accounts, but their descriptions lack information about trading terms.
In contrast, a licensed FX broker clearly spells out its trading terms, regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, here the broker only accepts cryptocurrencies.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
On AITrader withdrawal, the broker says nothing on withdrawal fee nor processing days on withdrawal request. Regrettably, there are no clear description on trade requirements that must be met before a withdrawal.
AITrader platform FX uses a web trader or desktop platform which is numerously used by shady brokers. However, that cannot be compared to the advanced trading platforms of MT4/MT5. Many scammers have trading software to fool their victims that their money is being invested.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Why You Should Avoid Aitrader.fm Forex Broker
First and foremost, Aitrader.fm has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
A quick check on the broker, the official FCA is responsible for regulating any forex broker in the UK. A check of the regulator’s database reveals that AITrader is not among the authorized brokers.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
AITrader FX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
AITrader FX located at Aitrader.fm claims to appear like a trustworthy trading broker, however, that cannot be trusted. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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