Amarkets Broker Review – Scam
Be on the Lookout; Amarkets is an offshore broker; Your investment is at risk.
This Amarkets broker review is for individuals researching information on how to retrieve investments from such scam brokers.
Is Amarkets a legit broker?
Amarkets is an unregulated offshore broker that offers services such as forex, CFD and or binary options trading. The broker is registered in a fiscal haven that lacks the intervention of any investment regulatory process. This means that taking legal action against this forex broker is next to impossible. Read this review to recover your investment from Amarkets.
Amarkets broker relies on a number of tricks to reach their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
As far as this kind of scheme goes, the Amarkets staff could very well be operating as part of a network of anonymous call centers in undisclosed locations. They could outright lie to you about their location and even their names. In typical investment scams, the staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in these sophisticated scams will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually
Did you invest with an offshore broker?
Amarkets broker Reviews
A look into Amarkets Reviews on various internet forums will reveal that Amarkets clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding Amarkets have been drawn from various sources, it reveals a similar challenge. Amarkets entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
Amarkets broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by Amarkets Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Get Your Money Back From Amarkets Broker?
There is no easy way to get your money back once you have invested it with Amarkets. Amarkets is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. Amarkets constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of Amarkets to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from Amarkets, without going the civil action route. A number of Amarkets victims have managed to recover their funds by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from Amarkets broker.
Have You Invested With This Broker?
Watch this short video to understand more about the investment scams
Do You Need To Recover Your Funds?
MyChargeback is verified and recommended by Scam-Rescue
More reasons not to trust AMarkets Broker
AMarkets is a financial broker providing a wide variety of electronically traded products, including 50 currency pairs, a wide range of CFDs on indices, commodities, stocks, ETFs and metals, through the two popular MetaTrader 4 and xStation.
Founded in 2007 in Russia, AMarkets is an offshore broker, registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVG).
SVG’s financial regulatory regime is one of the most liberal, with an easy and less costly registration process. Registered companies are not subject to any of the strict requirements imposed on brokerages based in the United Kingdom or the United States: they are not required to report regularly to any authority or to conduct external audits; SVG-based FX brokers are not required to hold client funds in separate accounts, hold a certain amount of net tangible assets, or set up a clearing system in the event of insolvency.
AMarkets, however, is a member of the Hong Kong Financial Commission – a neutral, third-party dispute settlement organization that focuses specifically on Forex. He settles disputes between financial market players and is able to provide each client with protection from the Commission’s compensation fund up to $ 10,000 per case. In addition, AMarkets is a professional member of the Russian Center for OTC Regulation of Financial Instruments and Technologies (CRFIN).
Thus, unlike most brokers registered in SVG, this one takes care of the security of clients’ funds, offering additional protection.
In addition, AMarkets also offers accounts with its partner regulated by the FCA in London – ATC Brokers. This option is ideal for large institutional clients and hedge funds that use direct API trading (FIX 4.4 protocol and Java), as they require advanced execution technology with a direct connection to the market.