Caution Investors AMELIAFX TRADE / ameliafxtrade24.com – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Overview:
AmeliaFX Trade is a forex and CFD broker that claims to offer a wide range of trading instruments, including currencies, commodities, indices, stocks and cryptocurrencies. The broker also claims to provide competitive spreads, fast execution, low commissions and various account types. However, there are some red flags that suggest that AmeliaFX Trade is not a reliable or trustworthy broker. In this blog post, we will review the broker’s regulation and compliance, customer reviews, products and services, location and customer service.
Regulation and Compliance:
One of the most important factors to consider when choosing a broker is whether it is regulated by a reputable authority that can protect your funds and rights as a trader. Unfortunately, AmeliaFX Trade does not seem to have any valid license or authorization from any regulator. The broker’s website states that it is owned and operated by AmeliaFX Trade Ltd, a company registered in St. Vincent and the Grenadines. However, this jurisdiction is known for its lax regulation and lack of oversight of the financial sector. Moreover, the broker does not provide any information about its registration number, address or contact details. This raises serious doubts about the legitimacy and transparency of the broker.
Customer Reviews:
Another way to assess the reputation and credibility of a broker is to look at the feedback and testimonials from its customers. However, we could not find any genuine or positive reviews about AmeliaFX Trade on the internet. On the contrary, we found several complaints and warnings from traders who claimed that they were scammed by the broker. Some of the common issues reported by the victims include difficulty in withdrawing funds, manipulation of prices and spreads, aggressive marketing tactics, false promises and lack of communication. Therefore, we advise you to be very careful and avoid dealing with this broker.
Products and Services:
AmeliaFX Trade claims to offer a variety of trading instruments, including over 50 currency pairs, 20 commodities, 15 indices, 100 stocks and 10 cryptocurrencies. The broker also claims to offer four types of accounts: Basic, Standard, Gold and Platinum. The minimum deposit required to open an account ranges from $250 to $50,000. The broker also claims to offer leverage up to 1:400, spreads from 0.1 pips and commission-free trading. However, these claims are not verified or supported by any evidence or documentation. Moreover, the broker does not provide any information about its trading platform, software or tools. Therefore, we cannot confirm the quality or functionality of the broker’s products and services.
Location:
AmeliaFX Trade does not disclose its physical location or address on its website. The only contact details provided by the broker are a phone number (+216211184010) and an email address ([email protected]). However, these details are not reliable or verifiable. The phone number has a Tunisian country code (+216), which does not match the broker’s claimed registration in St. Vincent and the Grenadines. The email address is also generic and does not indicate any domain name or company name. Therefore, we cannot trust the broker’s location or identity.
Customer Service:
AmeliaFX Trade does not have a good reputation for its customer service. As mentioned earlier, many traders have complained about the lack of communication and support from the broker. The broker does not have a live chat feature or a dedicated support team on its website. The only way to contact the broker is through the phone number or email address provided above. However, these methods are not effective or responsive. Many traders have reported that they never received any reply or assistance from the broker when they faced issues or problems with their accounts or transactions.
Conclusion:
Based on our research and analysis, we conclude that AmeliaFX Trade is a scam broker that should be avoided at all costs. The broker does not have any valid regulation or license from any authority. The broker does not provide any information about its company, location or contact details. The broker does not have any positive or genuine customer reviews on the internet. The broker does not offer any reliable or quality products or services. The broker does not have a good customer service or support system.
Therefore, we recommend you to stay away from AmeliaFX Trade and look for a more reputable and trustworthy broker that can meet your trading needs and expectations.
