If you are looking to read AM Tradex reviews, you are in the right place. First of, have you considered trading with the broker? Is the AMtradex.com platform a reliable brokerage? Let’s read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About AM Tradex
AM Tradex otherwise known as Amtradex.com is an offshore brokerage operated by AM Tradex Limited with a lot of promises for forex traders. The forex company presents its registered address in Saint Vincent and the Grenadines.
The broker shows its account packages such as —
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Things You Should Know about Amtradex.com Regulation
First of, Amtradex.com openly presents a registered address in Saint Vincent and the Grenadines (SVG). It also claims to be licensed by the local Financial Services Authority (FSA) and displays a license number as well. All of this may seem credible and trustworthy to any uninformed customer, however an experienced trader would immediately spot the fraud.
SVG is an offshore zone with no broker regulations in place. As soon as you open the website of the local Financial Services Authority you see a warning that the institution does not license forex and other types of brokers and does not supervise the activities of International Business Companies engaged in such activities.
More so, AM Tradex does not provide proper legal documentation, it is unclear what traps the fraudsters may have set.
The 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.
AM Tradex Minimum Deposit
The broker AM Tradex deposit is said to be $500 minimum deposit based on the account type. Somewhere on its website, the broker shows a deposit of $10. Indeed very affordable – but is no reason to choose a scam broker over a legitimate one.
In comparison, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
According to AM Tradex funding methods, it does not provide any specific information about available payment methods and transaction fees. After we registered there were several payment options – with Visa/Mastercard, local bank transfer and crypto transactions with Tether.
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!
AM Tradex withdrawal says nothing on specific information regarding withdrawal fee and processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
AM Tradex Platform:
AM Tradex offers clients web-based trading software named XOH Trading Platform. As we registered, there was no trading platform or a download link. However, you can download the software from this broker’s website and log in with the details sent to your email.
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.
AM Tradex offers leverage as high as 1:500 on forex majors. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
AM Tradex 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
AM Tradex located at Amtradex.com appears like a genuine trading broker, however, you should not take the words they say. From all indications, we would advise traders to steer clear from unlicensed brokers as they 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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