AK Global Markets (akglobalmarkets.com) is a CFDs and Forex broker scam that must be exposed. News of how AKGlobalMarkets has been scamming members has reached us thanks to emails sent to us. Manuel Benson wrote to us explaining how he lost over $10,000 in just a few hours. This prompted us to carry out a thorough investigation to determine the root course of his losses. Here are the full details.
AK Global Markets or AKGM is a CFDs and Forex broker who uses same old tricks. These tricks are what AKGlobalMarkets uses to get people to sign up. Some of these tricks are straight from the fraudster’s manual book. Other tricks are well hidden for the naked eye to see. Why not read this entire review and find out the tricks used. All of the tricks will be exposed so that you never become a victim such as Manuel.
Scammers know for a fact that people have the need to make that extra buck. What these cunning fraudsters do is come up with a claim of making this happen. Yes, they will promise to move mountains just to claim to help you make money. This is one of the many tricks we have noticed with swindlers. Empty promises are what makes people sign up with fake brokers such as AK Global Markets.
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According to the disclaimer at the footer of the homepage, AK Global Advising LTD owns this platform. What we immediately noticed with this broker is that they have no known links. Forex trading community experts and newbies don’t have a clue on who owns this firm. This makes AKGM a dangerous platform to sign up with. Level of anonymity here is too great to warrant anyone to sign up.
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What’s even scarier is the fact that they have used a random number to claim registration. At the bottom of the page one can easily see a random number. This number is the supposed registry number associated with London Stock Exchange. Folks, this is just a number meant to try and legitimize this platform. Later, we will expose why we this number is nothing but a hoax. Read on to find the whole truth regarding AKGLOBALMARKETS.
For a fact, we know that AKGM is not licensed or regulated anywhere on the face of the planet. This broker has never seen the inside of a registration institution. Number they claim at the footer is a mere hoax. 213800WW5L3Z5CPG7H02 is a random number. London Stock Exchange does not use such characters to register brokers. And now you know that AK Global Markets is using fake credentials.
Another disturbing detail we learnt with AKGM is that they don’t post any registry details. A real and legitimate broker would have posted their registration details on their homepage. This means that they don’t have authorization to conduct any third-party Forex transactions. Best thing to do is to stay away from AK Global Markets as best as possible.
AK Global Markets has a dirty trick on their sleeve that they don’t want you to know. What these scammers have done is rig the demo account in your favor. Wait, don’t think that this is a good thing, let’s us explain further. What they have done is ensure that over 90% of trades are successful with the demo account. They do this in the hope that members will trust they results and open a Real account.
And this is where the cookie starts to crumble as the Real account is different from the demo account. A real account warrants you deposit your money and the results are far from exceptional. What we actually believe is that this broker is collaborating with other rogue brokers. They are giving false market information to members so that they can share the spoils. This practice must stop.
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AK Global Markets offers users three different trading accounts. These accounts are Standard, Premium, Pro and Private account. What we found odd with these accounts is that there’s no actual information. This is why we are against the use and signing up of AKGM. There’s no professionalism with their services.
Since we know that they have a rigged account, don’t expect funds to be safe with this broker. Furthermore, we have evidence that we are dealing with an unscrupulous broker. Who knows how long this scam will last? Anyone knows where the deposited money is going to? Sadly, we believe that members are depositing money straight to the owner’s personal bank account. There’s no way of proving otherwise.
This broker certainly flaunts set rules and regulations. This means that segregation of accounts is alien to them. What’s even scarier is that they don’t participate in a compensatory scheme. This means that your funds are not safe from theft or insolvency. Members will never get the required compensation once the broker goes down. And now you know better than to sign up with AKGlobalMarkets.
Folks, this is visible even to the naked eye. Where’s their live chat support team? There’s none because these fraudsters don’t want to be contacted. And this is evidence that we are dealing with a rogue broker who will steal money. A legit broker would have a live chat support team to try and help members. This broker is doing the opposite and we believe it’s because they are planning to go under.
This broker claims to have a unique platform that can be used by any user. Sadly, we tried downloading this platform and download stalled at 23%. What this means is that we are dealing with an unstable platform. Unstable platforms are bad for business since they are prone to cyber-attacks. Hackers find these platforms a haven for data theft as well as credit card theft. And this is why no one is safe with AK Global Markets.
A visible claim is that users can deposit money using PayPal, Visa, and MasterCard. Folks, a statement from PayPal shows they decline offering services to Forex entities. This is clear proof that this broker will use any means to get you to sign up. Stay clear from this broker unless you want your funds gone.
Evidence clearly shows that we are dealing with a scam brokerage firm. Level of anonymity and unprofessionalism is too big to ignore. Best thing to do is ignore all calls to sign up with AKGlobalMarkets. Mark all their emails as Spam and never click on any links sent by their email marketing team.
Option left for us to do is blacklist this broker as a scam that should be avoided. Sign up with a broker that has been given the thumbs up by the trading community. This will ensure that your trading experience is comfortable and easy.
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