Do You Want to Know If AmtoFX Is Legitimate or a Scam?
AmtoFX is an unregulated broker that doesn’t offer very much information about itself and who is behind it. AmtoFX says it’s registered in Hong Kong, but that doesn’t mean that it’s a regulated broker. Having a business license and a brokerage license are two different things, but AmtoFX is counting on customers not knowing that or not thinking it’s that important. When we visited the NFA’s website, we couldn’t find any indication that AmtoFX was licensed.
What’s the Deal with AmtoFX?
AmtoFX has very high leverage, which can put brokers in danger. Leverage is hazardous because it encourages people to trade on the margin and basically ends up being in debt to the broker. This can keep people from withdrawing their money. In addition, there are many customers who have said they can’t withdraw money from AmtoFX. It makes sense to believe these complaints since AmtoFX doesn’t have a license or any indication that it’s a legitimate broker.
Here Are Some Problems with AmtoFX
- No license
- No transparency
- Misleading statements
- Numerous negative reviews
If You Need Fund Recovery from AmtoFX, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, and work to track down your funds.
