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AtgmForex Review: Atgmfx.com Forex Scam Exposed

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AtgmForex Review: Atgmfx.com Forex Scam Exposed

AtgmForex (Atgmfx.com) is another Crooked Forex platform which is stealing from anyone who signs up. ATGM Forex is professing to offer European and US stock differentials to anyone willing to sign up. With complaints floating around the web from victims of this platform, we had to investigate. Members of this platform are crying foul after having their accounts blocked for no reason. Read this eye-opening ATGMFOREX Review for more details.

AtgmForex Review

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AtgmForex Review

Once you visit their homepage, it becomes clear why newbie investors would fall for this platform. AtgmForex is without a doubt a Chinese led scam platform targeting investors from Asia. Such scam artists have been known to clone trading websites and deceit investors from this region. Thanks to our years of investing and trading, we know how to spot a scam from a mile away. Ensure you go through this entire review and find out some of the red flags we spotted with this platform.

AtgmForex is planning to close down once they have their fill. It has become the norm for scam websites to close down when exposed by online reviews. These platforms fear the backlash they would receive from authorities as well as victims. Looking at the homepage one can see the background filled with logos of US leading companies. Folks, this is clearly a stock photo which is used to sell their agenda. This background has been used by other scam artists to fool unsuspecting investors.

About AtgmForex

AT Global Markets Limited is the company which is listed as the owners of this website. A closer check with leading company registers reveals shocking facts about this company. The company in question is not recognized anywhere in Europe or the United states. With a fake and random company names, reaching these scam artists becomes harder. Never invest with an unknown online trading platform.

Another shocking issue with this platform is being full of anonymity. Any anonymous online investment platform is without a doubt a scam. Who are the founding members of this platform? Why can’t we get the actual names of people running this website? Their entire website does not have an actual base of operation. From what we can see, their contact details are from all corners of Asia.

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Is AtgmForex licensed or registered?

AtgmForex is not licensed to conduct any trading services to investors. We did a thorough check with leading regulatory bodies in Europe and United States. Some of the regulatory institutions we contacted include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. None of these regulatory bodies has ever heard or licensed this platform. Some of these scams will post fake and random license numbers to fool investors. With AtgmForex, they fail to post any numbers for verification purposes.

Why have they failed to show members their actual registration details? . These are mere scam artists who will do or say anything to lure investors from signing up. Stay away from this and any other platform which fails to show any valid trading credentials. Ensure you always check with regulatory bodies to confirm a platform’s license status.

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Advantages of AtgmForex

We tried to come up with any advantage of dealing with this platform but we couldn’t find one. With such a scary platform, investors are not safe while trading with this illicit platform. Apart from not being licensed, members fail to withdraw their funds. How can a platform refuse members to withdraw funds? To stay ahead of the game, ensure you stay away from this platform and sign up with recommended products.

Disadvantages of AtgmForex

Customer Support

AtgmForex Customer Support

With today’s technology, you would expect a platform to offer live chat services to users. The use of live chat enables users to get accurate and fast help from customer support team. This platform is using emails and phone numbers which pose a challenge to investors. Emails are one way means of communication which means the broker might never respond on time. The phone number listed on this platform is not working and is ever busy. Your chances of getting help from this platform are next to impossible.

Demo Account

Another shocking issue we discovered with AtgmForex is lack of a working demo account. Without a working demo account, it means users are signing up blindly. No one knows how fast the platform executes trades unless they open a real account. A smart investor will test how a demo account works to help them have an idea of what to expect. Lack of a demo account is wanting which leaves more questions than answers.

Deposit and withdrawal

When it comes to account funding, AtgmForex is making the deposit process easy and fast. Depositing funds with this platform takes less than five minutes thanks to the depository channels available. Users can choose to deposit funds using MasterCard, Neteller, Visa, Skrill, and others. What seems to be a huge problem with this platform is lack of withdrawals. No member has come out with evidence of ever withdrawing funds with this platform. And this is where we draw the line with this platform.

Trading platform

Although the platform claims to have MT4 as their tool of trade, we have an issue with their entire website. You can have the best trading platform in the world, without proper security, the platform is at risk. What we noticed with AtgmForex is lack of proper security features on their entire website. No DDoS protection and SSL Encryption is proof we are dealing with a platform which can easily be hacked. Credit card information is what scam artists will target with an unsecured website.

Are funds safe with AtgmForex?

AtgmForex Account Funding/ Deposit and withdrawal

How can funds be safe with a platform which is refusing to allow withdrawals? Such a platform is never going to be capable of safely handling funds. Another shocking issue with this platform is lack of segregation of accounts. Without clear details on account types, the platform is pooling funds in one account. It is likely users are depositing funds straight to owner’s bank account. These are some of the reasons why you should stay away from this illicit online trading platform.

Is AtgmForex a scam?

Evidence clearly shows that we are dealing with a lousy online scam platform. Make sure you mark all their emails as span and never click on any links received. Warn your family and friends from signing up with any of their affiliate programs. Never give your personal details to this illicit platform.

Bottom line

We will be adding this platform to our scam blacklist to ensure no one signs up with them. Our readers now know what kind of a platform AtgmForex really is.

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Wishing all investors a safe trading experience.

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