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AMBroker (Ambroker.com) is a Crypto currency and Forex broker scam ready to rip off investors who sign up. AM Broker is claiming to have an award winning platform compatible with any device. Are these claims true or is AMBROKER toying with investor’s minds? This is another rotten Forex scam simply out to ruin the good Forex trading name. Read this detailed and honest AMBroker review and get to the truth.
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Complaints have been sent to us by users who have been duped by this broker. Most of the traders claim to not get the chance to withdraw funds. Users wanted to withdraw funds once they started losing money. This is one of the many reasons why AMBroker is a certified Forex scam ran by scam professionals. With many negative comments floating around the web, we simply had to investigate. This review will reveal all the dirty tricks used by this broker.
Chances are these scammers want to fund their own pockets using other people’s money. This wouldn’t be the first time scam artists are using a Forex website to scam investors. AMBroker is claiming to offer insane bonuses to investors who sign up. Users are promised 12% fixed annual bonus and 25% bonus at deposit. Other bonuses include 50% revenue share and $2,000 for introducing a new client. These bonuses appear real and are without a doubt enticing.
AM Globe service is the company behind this fake website, they are registered in St. Vincent and the Grenadines. This is proof we are dealing with an offshore broker. Offshore brokers are notoriously known for flaunting set regulations and rules. This is one of the main reasons why we started doubting the legitimacy of AM Broker. From the look of things, this platform is full of crap and should be avoided. Their ownership details still remain a mystery.
Who is the person running this website or brokerage firm? Do they have any Forex trading experience? How can investors deposit money with an unknown third party? Anyone who deposits money with an offshore broker should expect consequences. Most of these scam artists are based offshore and this is how Forex scam artists work. Depositing money with an unknown entity is not a smart think. Make sure to always search where the broker is situated.
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24863 IBC 2018 is what the broker claims to use as their licensing number. Scammers will do or say anything to make their product and services appear legit. AM Broker is no different and users should be careful with these registration claims. Why would brokers use fake registration details? It’s simple; they want to ensure everyone believes their trading platform is legit.
Why have they failed to post their registration certificates and documents for all to see? Lack of these vital documents is proof we are dealing with a professional scam outfit. Ensure you always check the legal document page to see whether registration documents match. This broker is simply using fake and random numbers to try and legitimize their platform. This is a scary and illicit broker.
AMBroker is using MT5 trading platform as their preferred tool of trade. In order to test how well this broker works, we decided to test this platform by downloading this platform. Imagine our shock when we discovered this platform is not compatible to certain devices. Download stalled at 34% which means this is an unstable platform. Hackers are targeting unstable platforms for data harvesting.
Hackers find unstable platforms to be easy targets for data theft. These hackers will purchase goods and services online and pay with your credit card. Not only will you lose funds depositing with this broker, you will also lose your bank savings. Why invest money with a platform which is far from being legit. Stay away from this platform and ignore all pleas to sign up.
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AMBroker is using three different account types to entice users into signing up. Accounts are named Retail, professional, and institutional. These accounts come with different minimum acceptable deposit before trading with them. Minimum acceptable trading requirement starts at $1,000, $10,000, and $100,000 Ensure you stay away from these accounts as they are being used to entice users. Furthermore, these accounts have asked for an insane minimum deposit price.
These accounts share the same advantages which made us question the reason behind it. Why would a broker deposit $100,000 and get advantages as a user who deposits $10,000? This is a broker who is using these accounts to trap all types of investors. Ensure you stay away from this broker as they will ask for a deposit and run away with it. Most newbie traders have not even started trading and can’t see deposit reflected on their accounts.
Stay away from brokers who have no regulatory credentials and have fake claims. Why has this broker failed to reveal where they bank money deposited by users? Is it possible users are depositing funds straight to owner’s personal bank account? This is surely the case with AM Broker as this is a shady brokerage firm. Make sure to stay away from this broker and their affiliate programs.
When it comes to segregation of accounts, this is not possible with AM BROKER. This means AMBROKER is pooling their funds in one account. And this is extremely dangerous as all funds will be lost in case of bankruptcy or insolvency. Ensure you stay away from this broker and ignore calls from their agents. This broker will not compensate any user as they don’t participate in any insurance scheme. Stay away from this broker and never deposit funds with them
AMBroker is using two funding channels for users to deposit funds with them. These channels are MasterCard and Visa. According to their homepage, registration and account funding takes less than 50 seconds. This is not a valid reason as to why anyone would deposit funds with AMBroker. Withdrawing funds with AMBroker is what makes this platform a dangerous platform. No one has been able to withdraw funds with this scary Forex broker.
From our investigation, we can clearly and strongly claim AMBroker is a scam. Make sure to stay away from this broker by ignoring their channels for signing up. In case you have received their emails, mark them as Spam. Make sure to never click on any links sent by this broker.
It’s our opinion relevant authorities take a look at this broker and shut their website down. This will without a doubt protect newbie traders from falling into this trap. On our side, we will have to add this broker to our scam blacklist. This ensures our readers are always aware of which brokers are scamming investors.
In order to safely trade in the Forex market, you need a reliable partner who is skilled in this niche. Finding professional and trusted Forex brokers is the right move when dealing Forex. Sign up with industry acceptable and Trustworthy Forex brokers at all times. This will guarantee your safety when trading Forex.
Lastly, we wish you all the best in Forex trading.
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