website:https://amxermarkets.com. Amxer Markets claims to be registered in St. Lucia offering services like forex, indices, crypto, commodities and stocks .
However, while Amxer Markets presents itself as a legitimate broker with attractive account options and investment plans, a closer examination reveals several red flags that should make traders cautious. Most notably, this broker is not registered by any Financial regulator, posing significant risks to clients. Beyond that, a company registration alone does not equate to a financial regulator’s license.
Trading Instruments: Broad Claims, but Questionable Validity
Amxer Markets advertises a wide range of trading instruments, including:
- Forex: Major, minor and exotic currency pairs.
- Cryptocurrency: Bitcoin, Ethereum and other popular digital assets.
- Indices and Commodities: A selection of financial indices and commodities.
While this range appears comprehensive, the broker’s lack of regulation and transparency raises doubts about the legitimacy of these offerings. Some unregulated brokers simulate trades internally, meaning clients are not actually trading in real financial markets. Instead, they may unknowingly be participating in a closed-loop system where they essentially bet against the broker, increasing the broker’s profits at their expense.
Amxer Markets Account Types
Amxer Markets offers four account types, each with a different minimum deposit and leverage level:
- Standard Account: Minimum deposit of $100, minimum spread of 3.0 pips, leverage up to 1:100.
- Premium Account: Minimum deposit of $1000, minimum spread of 2.0 pips, leverage up to 1:100.
- Pro Account: Minimum deposit of $5,000, minimum spread of 1.0 pips, leverage up to 1:100.
- PAMM Account: minimum deposit of $20000, minimum spread of 0.6 pips, leverage up to 1:100.
Deposit and withdrawal Methods: Crypto Payments Raise Red Flags
Amxer Markets accepts payments through debit/credit card, local banks ,Bitcoin, tether and wire transfer. While card payments and bank transfers are standard, the option to deposit funds via cryptocurrency is concerning. Unregulated brokers use Cryptocurrency payments because they are anonymous and irreversible. Once a client deposits funds in crypto, they may have no way to recover it if they experience issues. This anonymity benefits brokers, as it makes tracing transactions difficult and scammers often exploit this feature.
scam don’t fall for their deadly trap, they are ready to milk you out till you go dry with no intentions of withdrawals, I lost $37,919 to them.
Sablefx.com has scared me for 82000 and is demanding 41000 by Nov 26 or they will permanently lock my account t