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With no contact address, AKO Markets is a high-risk investment platform. Those who have invested with the platform are now ruing the decision. Our akomarkets.com review will help root out the traps set by the broker. First, go over this post and find out the deceiving features the platform claims are advantages. Then, we will expose why no one gets to withdraw from AKOMarkets. Read our clear AKO MARKETS REVIEW for more.
There’s no credible background and information on the homepage. No other pages exist apart from the single homepage. There’s also little information on what the platform is all about in terms of its mission statements.
NOTE: Invest in credible and proven investment strategies. These include coin staking, DeFi, and Masternoding. Proven strategies offer realistic profit margins and enjoy the backing of the crypto community.
AKO Markets is just a trading website with no actual trading taking place. The platform is a mere start-up trying to garner users before exiting the market. What’s clear is the lack of transparency from the platform’s owner.
And this has led to several members losing their entire deposit with the platform. After blocking withdrawals, members have no option but to repost the platform. Soon, regulators will act and ensure the platform is out of sight.
Before long, those who invested with the platform were upbeat about the entire activity. Everything checked out, including the trading platform in use. The platform uses a custom-built trading platform with minimal features.
Only after hitting the withdrawal tab did the members realize what was happening. The platform blocks any attempts of withdrawals. Any engagement regarding withdrawals ends up with the platform terminating your account.
There are safer ways of investing in the crypto world. Before starting, you need to investigate the platform before signing up. That will give you an idea of what to expect with the platform. Go for platforms with proven track records and backing of the crypto and forex communities.
With several complaints lodged against the platform, there can be no advantage. No withdrawals make the platform a dummy. And that’s why we insist on checking the platform before signing up.
One feature that makes the platform stand out is the web design. We can see why naïve investors would sign up without thinking twice. And that has led to all victims of this hypocritical platform.
There are no advantages since the platform is also anonymous. You can’t reach out and demand withdrawal from unknown owners. And this is one reason why we blame members for not checking the platform out.
Before you invest in any platform, there are some features you need to check out. Does the platform have any positive or negative reviews? A quick search using search engines will reveal what others think of it.
Here are some of the other features that make investing with akomarkets.com risky;
You get to use a custom-made trading platform lacking all the necessary features. These features include charting tools and technical analysis. There’s also the aspect of being an unstable platform with many security flaws.
When trading on any platform, experts recommend using top-tier trading terminals. These include MT4, MT5, and SIRIX. With these platforms, members get the assurance of trading with reliable terminals.
An unstable platform is highly risk-averse and fails to offer meaningful investment options. Instead, we have a platform whose advanced tools include robots that don’t automate trades. As a result, even the win percentage margins are dismal.
AKO Markets furnishes members with five account types to choose from. These include Standard, Silver, Gold, VIP, and Pro account. Each of these accounts has something different to bring to the table.
Let’s take a closer look at each of these accounts;
There’s a minimum acceptable deposit of $250 available on this account. Leverage is high and starts at 1:200. Members enjoy spreads of 2.0 pips on two base currencies, EUR and USD. You also get up to 25 percent in margin loans.
Members must deposit $10,000 to enjoy the leverage of 1:200 on the silver account. The account doesn’t differ much from the standard account. Spreads start from 1.8 pips with the two base currencies mentioned above. In addition, members enjoy 35 percent margin loans.
Gold account holders have a minimum acceptable deposit of $25,000. Spreads start from 1.2 pips for EUR/USD. GBP/USD pairs enjoy spreads starting from 2.1 pips. There’s a margin loan of 50 percent available.
You have to deposit $100,000 to get started with the account. Leverage starts at 1:300, with spreads set at 0.7 pips. Members enjoy a 75 percent margin loan. Unfortunately, you don’t get an account manager with any of the accounts.
The last five accounts come with a minimum deposit of $1,000,000. The platform is also targeting institutional investors with this account. Leverage starts at 1:400, with spreads starting at 0.2 pips. In addition, members enjoy a 100 percent margin loan.
We have to raise the red flag when it comes to high leverage. The industry regulator accepts maximum leverage of 1:100 on all trading assets. So any platform going higher than that puts your trading position at risk.
There’s also the availability of margin loans which end up decapitating members. Those who sign up with the platform think the loans are a plus. In reality, these are traps, as you won’t withdraw until you fully repay the loans offered.
And even so, the platform won’t guarantee withdrawals. These are the brutal truth the platform fails to mention. The other glaring factor is the massive increase in minimum deposit. Jumping more than $10,000 from one account to another is risky.
There are five trading assets available on the platform. These include commodities, crypto, forex, indices, and stocks. Commodities on the platform include cotton, crude oil, natural gas, wheat, sugar, etc.
Despite claiming to offer cryptocurrencies, there’s no mention of the available coin. Instead, we believe the platform pairs leading crypto coins with each other. These coins include Bitcoin, Ethereum, Litecoin, and Ripple.
Forex trading happens to be at the core of the platform’s activities. There are several major currency pairs found on the platform. These include EUR, GBP, JPY, and USD. Sadly, you can’t spread risks with exotic and minor currency pairs.
Indices found on the platform include those from the United States. These are DAX, Dow Jones, and NASDAQ. Other indices found on the platform include NIKKEI and S&P 500. Unfortunately, whoever signs up with the platform ends up losing it all.
We also have stocks from leading companies. These include those stocks from manufacturing, tech, and textile. In addition, you can trade stocks from leading tech companies such as the FAANG companies.
AKO Markets is an anonymous platform making it a high-risk investment platform. You stand to risk losing everything with the platform. And that has led to members not having a way to recover funds.
The platform fails to get a permit from any forex regulator.
Please stay away from the platform, and no one gets to withdraw.
NB: Go for reliable crypto investment strategies backed by experts.
Feel free to drop a comment or email us with any queries.
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