Several glaring issues point towards AmeritForexTrade being a scam broker. Here’s a breakdown of the red flags:
- Lack of Regulation: A critical factor in broker legitimacy is proper regulation by established financial authorities. This broker boasts no regulatory oversight, raising serious concerns about its trustworthiness.
- Unrealistic Profit Guarantees: Promises of guaranteed profits in forex trading are a massive red flag. The market is inherently volatile, and substantial losses are as likely as significant gains. This broker’s claims reek of deception.
- Inclusion on FCA Watchlist: The Financial Conduct Authority (FCA) of the UK maintains a watchlist of companies suspected of unauthorized financial activities. Its presence on this list is a strong indicator of its dubious nature, as highlighted by Broker Complaint Alert, a resource for defrauded investors.
Given these significant red flags, it’s strongly advised to avoid AmeritForexTrade altogether.
What is AmeritForexTrade.com?
AmeritForexTrade presents itself as a financial services company specializing in forex trading. In essence, they offer a platform for users to trade foreign currencies, capitalizing on fluctuations in exchange rates to potentially generate profits.
AmeritForexTrade.com Details
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Headquarters |
Canada |
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Company Name |
AmeritForexTrade |
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Company Address |
18th Floor, 6595 Boles Road, Toronto, Ontario Canada |
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Website |
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Contact |
support@ameritforextrade.com |
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Regulatory Status: |
No Regulation |
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Type of License |
No license |
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Should I trade with it |
No (We don’t recommend) |
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Scope of Business |
Suspicious |
Deposits and Withdrawals
Information regarding deposit and withdrawal methods, fees, and processing times is conspicuously absent from its website. This lack of transparency is a major concern, making it difficult to assess the ease and security of your financial transactions.
If you have lost money to companies like Taurusemex; or AffluenceFX; please report it to us on our Report a Scam form.
Account Types
AmeritForexTrade offers no details on the types of trading accounts available, another red flag that hinders informed decision-making.
Red Flags and Warning Signs
Beyond the lack of regulation and unrealistic profit guarantees, here are additional warning signs to be wary of:
- Poor Website Quality: The broker’s website appears unprofessional and poorly designed, lacking essential information about the company and its services.
- Unclear Contact Information: The sole method of contacting this platform is through email, raising doubts about their responsiveness and commitment to customer service.
- Negative Online Reviews: Searching for its reviews online may reveal negative experiences from past users, highlighting issues like withdrawal difficulties and unresponsive customer support.
Customer Complaints and Negative Reviews Online
Taking the time to research online reviews about AmeritForexTrade can be highly revealing. You may encounter complaints from users who have experienced issues such as:
- Difficulties Withdrawing Funds: Forex trading platforms should allow for smooth and hassle-free withdrawals. If AmeritForexTrade makes it difficult to access your funds, it’s a strong indication of a potential scam.
- Unresponsive Customer Support: A reliable broker should prioritize customer service. If AmeritForexTrade fails to address your inquiries or concerns promptly, it raises doubts about their legitimacy.
AmeritForexTrade.com Alternative Brokers
Given the abundance of red flags surrounding AmeritForexTrade, opting for a reputable and well-regulated broker is crucial. Here are some suggested alternatives:
- Charles Schwab
- TD Ameritrade
- Interactive Brokers
These established brokers prioritize customer security, offer transparent fees, and provide a robust trading platform.
Got Scammed by AmeritForexTrade.com? We Help Victims!
If you’ve unfortunately fallen victim to AmeritForexTrade’s deceptive practices, don’t despair. Resources like Broker Complaint Alert can offer valuable assistance. They provide free consultations and recommend recovery service options to help you recoup your losses or You can report to us today using the form below.
Remember, investing your money requires careful consideration. By familiarizing yourself with the red flags and conducting thorough research, you can safeguard your hard-earned capital and choose a legitimate broker for a secure and potentially rewarding trading experience.
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