ANYFX is a forex investment platform that promises a different user experience. The platform offers low ultra spreads and a 24/7 crypto trading experience. There are over 1,000 trading assets which include indices and stocks. The main problem is they claim accreditation from several regulators. One thing’s clear, though, and ANY FX is an offshore platform as it resides in St. Vincent and the Grenadines. Here’s our full Anyfx.in Review.
According to what the platform brings to the table, you will get the best forex trading experience. However, the website’s aesthetics is far from appealing, especially if you visit their other pages. So what we have here is a website on its deathbed.
ANYFX claims to offer a range of automated trading platforms which are EA compatible. Although the platform claims to segregate accounts, we highly doubt it. Instead, we believe the platform is hoarding all funds in a single account.
To get a headstart in forex investment, you need a proven and reliable way of investing. Today’s forex investor wants credible investment options that are feasible. And this is why we suggest you try Coin Staking, DeFi, and Masternoding.
Any FX doesn’t come close to what real forex investing and trading offers. And this is the reason why the platform is doomed to fail. There are no reviews of the platform, even as they suggest it was founded in 2006.
These are the reasons why we have to insist on being extra careful with online investment platforms. In addition, the place of residence is also in question as they have put up several physical locations.
For the live chat, the platform lists a UK phone number. However, one-on-one calls have an Indian phone number. We believe the platform is hiring Indian call agents to act as staff members. Find out what we dug up in this detailed AnyFX Review.
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ANYFX offers six account types with the minimum allowed deposit set at $100. Leverage starts from 1:100 for the basic account and 1:1,000 for exclusive accounts. And this is another risky aspect that we must point out.
The negative balance is also not available on these six accounts. Here’s a closer look at what to expect with each account type;
There’s a minimum allowed deposit of $100 to $1,000. Spreads are set at 1.5 with no commissions. Stop-out level is set at 50 percent and day training is available. All these accounts are marked as market execution accounts.
For the standard account holder, you must deposit between $1,000 to $25,000. The spread is 1 while the leverage is set at 1:400, and the stop-out level is 50 percent. Day and swing trading are available with the standard account.
To start using the business account, members must deposit $25,000 to $50,000, respectively. Spreads are set at 0.5, and the lot trading size is 1. Thus, there’s maximum leverage of 1:1000 with positional trading available.
$50,000 and above is the allowed minimum deposit for the investor account. Commissions and spreads are zero, with the stop-out level set at 100 percent. The leverage set for the investor account is 1:1,000.
Raw spread account holders must deposit $5,000 to start trading. There are no commissions, and spreads are 0.2 pips. The leverage is set at 1:400, with the stop-out level set at 50 percent. Positioning and swing trading are available on the platform.
A deposit of $10,000 is necessary to start trading with the Islamic account. The stop-out level is 50 percent, while leverage is set to 1:500. One-click trade is available on the Islamic account, with day and swing trading available.
There’s a referral program that promises investors a chance to earn passive income. You get a cash credit gift depending on the amount deposited by the referred person. The first $500 to $2,000 deposit, the affiliate partner earns $50.
Tracking down whether your friend has made the deposits is an entirely different ball game. The platform claims they will inform you with email notification. We haven’t seen or heard of anyone earning passive income with the platform.
It’s probably because there are not a lot of traders on the platform. Today’s investor is well informed on which are the best and most trusted trading platforms. There’s no need to lose your reputation by referring a friend to an unregulated forex entity.
ANYFX does not have a shred of evidence showing they are duly licensed. All we have is their claim that different entities regulate them. The disclaimer at the footer of their homepage lists TWO regulators.
Despite claiming to be regulated by CySEC and the FSA. ANY FX has even gone ahead and posted their so-called registration number. However, we did check with the two regulators to confirm whether the platform is regulated.
The truth of the matter is this, ANYFX.IN is NOT a licensed forex entity. We also checked with the FCA since they have a UK address. The FCA is on the verge of adding ANY FX to their blacklist.
When trading, it’s best to use platforms that reputable institutions regulate. These include ASIC, BaFIN, CONSOB, CySEC, FCA, FINMA, and SEC. In addition, you must confirm with the registration page that the platform exists.
Fraudulent platforms such as Any Fx will even use random registration details. It’s the case as these are just random numbers. Some will even use cloned registration details to try and fool naive investors.
For those hoping for quick support, you are in for a rude surprise. The platform has a chat tab that only takes your information. The contact page has a message board where you can leave your message.
There are phone numbers listed for their offices in Cyprus and London. However, we want to inform the public that these are virtual phone numbers. Anyone can get a hold of a phone number of any location and claim to reside there.
One of the few things the platform got right was offering users a full demo account version. It helps give investors a feel of what to expect once they open a live account. In addition, the demo account comes fitted with an MT5 trading terminal.
Another positive aspect of the platform is providing users with a world-class trading platform. The MT5 terminal comes with custom indicators, expert advisors, libraries, and scripts. In addition, it gives users a chance to trade with multi assets.
Analytic abilities are also present, with the platform having engaging and user-friendly features. You also get a platform that’s completely secure and stable. The MT5 platform comes with encryption based on 128-Bit Keys.
Despite offering a secure trading platform, the safety of funds is not possible. The platform is not regulated and thus, does not offer insurance cover for deposits made. And that’s the biggest reason why you should avoid opening an account.
Here are the reasons why we wouldn’t recommend using Anyfx.in.
And now you know the risks that come with investing with Any FX.
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