AthensMarkets has a strong case for itself. It has a respectable website and appears to sell quite respectable, if not somewhat user-friendly, goods. However, the number of times we’ve encountered these brokers might fill a whole reference book, so no, we won’t be putting our confidence in the website for these details. We would rather enter a user area and check to see if AthensMarkets adheres to its promises.
We’ll outline why you shouldn’t establish an account with this broker in the paragraphs below. A licensed broker is not athensmarkets.co. This indicates that it lacks the necessary authorization to offer financial services in any nation.
Offshore Scam Broker
Unlicensed Trading Company / No Regulation
AthensMarkets.co (site is active, verified 09/29/2022)
Active Forex Trading Scam / CFD Scam
Blacklisted as a Scam by:
Athens Markets LTD
British Virgin Islands
Online Trading Platforms:
MetaTrader 5 (MT5)
Available via MT5 Mobile App
No Deposit Bonus / No Welcome Bonus
Crypto Asset Trading:
CFD Trading Option:
Yes, you can trade CFDs
Available Trading Instruments:
Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
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Is Athens Market Regulated?
According to the court documents, the broker’s Saint Vincent and the Grenadines registration appears to be the major contention. For the broker, however, this only signifies that it is now formally an offshore corporation. Additionally, it is uncontrolled in Saint Vincent as the Caribbean does not have an FX regulator but permits shady businesses to operate there. Due to this inclination, Saint Vincent and the Grenadines is a haven for con artists.
The footer’s assertion that Athens Markets is registered in the British Virgin Islands also puts us in a difficult situation. The British Virgin Islands Financial Services Commission is not mentioned, though.
Warnings From Financial Regulators
BVI has a formal regulator, FSC, despite being lax. Any corporation with a registered office in this nation should apply for a license with this regulatory organization. However, neither the BVIFSC nor any Tier 1 regulator, such as the FCA, ASIC, or BaFin, are in charge of Athens Markets’ regulation.
Is Athens Market Can Be Trusted?
Athens Market has several other problems, such as its trading method and withdrawal policy. We will discuss it below.
What kind of currency pair do they offer?
The following trading instruments are accessible through the company:
- FX currency pairs: EUR/USD and GBP/USD.
- Indices: DAX30 and NASDAQ.
- Shares: Google and Amazon.
- Commodities include gold and oil.
- Cryptocurrencies (Cryptos) – BTC, ETH
Once you’re on board, the broker at Athens Markets will see that you always stay in touch with the account managers, compliance division, and support staff.
To extract as much money as they can is their shared goal. AnyDesk, TeamViewer, or a comparable remote desktop application will be recommended by an account manager, financial advisor, or anyone with a similar position.