AmanTrade Review: Amantrade.com A Shady Broker

AmanTrade Review
  • Customer Support
  • Trading Conditions
  • Client Testimonials
  • Trading results
0.5

Summary

AmanTrade’s website is poorly done and, from the first glance of the platform. You can notice the red flags they showcase. Invest with a transparent broker instead.

AmanTrade invites users to trade with a trusted global broker and allows users to invest in; CFDs, Futures, Indices, and Commodities. However, for them to consider themselves a global ranking platform. There are several factors that they should meet to be considered a reliable trade entity. Therefore, we highlight reasons why we do not recommend the investment firm in the quest to find out whether AmanTrade.com is a reliable broker in this unbiased review.

AmanTrade Review, AmanTrade Company

Nevertheless, if you consider making reliable profits, you should invest your money with legitforexbrokers applying well-known techniques and attracting reasonable profits. AmanTrade assures newbie traders of a wide range of educational materials to aid in trading. So you would expect all important tools to assist you in trading.

This is not the case, and they only feature basic explanations on trading that can easily be found for free on the internet. The company features Aman investment group zero account that offers zero requotes- Zero rejection.

Accordingly, trading is not a child’s play, and there is no single trader that blindly made profits through murky methods. AmanTrade plans to make profits for you overnight, yet the main concern is how they reach such profits.  Also, they provide investors with seminars, market analysis, and webinars to aid in making correct trading decisions. Trading involves taking risks, and like most businesses, you may come across good and bad business days.

Amantrade.com Review

AmanTrad seems only to have one interest which is to get you into depositing funds. The urge you to join and start gaining massive profits though we all know transparency should be a factor to consider before making any investment steps. The founders of AmanTrade are anonymous, and the odds of trusting scammers with your funds are high. Besides, if they did not have any hidden agenda, there would be no need to hide similar data.

Pyramid Schemes tend to maintain anonymity because they result in creating new clone platforms and Trager innocent traders.  Also, they claim to feature 250+ instruments for trading, best promotion, and contest. They do not charge deposit and withdrawal fees. AmanTrade’s website is poorly done and, from the first glance of the platform. You can notice the red flags they showcase. Even so, you risk relying on trading tools that will not actually work in your favor, and they feature no risk management policies.

Trading is very competitive. The market faces high volatility. This type of market shifts. Traders should always be ready to use methods such as stop-loss that may be effective. AmanTrade assures its customers of a user-friendly interface from registration down to making profits.

How AmanTrade Operates

AmanTrade users can access “the most powerful and convenient trading software” on windows and mobile devices with an internet connection anywhere.  The software works with MetaTrader5, which is the only positive factor regarding the investment firm. They offer traders various pairs to trade and assets, yet there is no reliable plan for trading.

Accordingly, they do not feature any past trade data to show the kind of returns you will earn from the company. The kind of algorithm the software uses for operation is unknown. How they also plan to offer you professional service is murky. Consequently, scammers all tend to operate in a similar way you will be contacted, with high attractive returns and bonuses that are extremely hard to attain, especially not with the style of operation shown by AmanTrade, so once you fall for the bait and proceed to make deposits there the end it business.

Funds Safety

AmanTrade does not guarantee your funds are safe, and before deciding your many is safe in any company, some needs should be met. You should easily identify the people behind the company and the kind of qualifications the employees hold. The risk of dealing with quacks who have no idea of trading is very high in AmanTrade. Also, they do not feature much banking information or refund policy that may help get your funds back.

AmanTrade does not have a demo account to familiarize yourself with their services before investing real money. Some transactions are irreversible, while some may require a long process before getting a chargeback. Also, reaching anonymous people may be difficult, and they even might be keeping funds in their personal accounts. There is also no data showing past trade transactions or any withdrawals that have been completed successfully.

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Regulation

AmanTrade does not feature any regulation certificates on the website to show they are legally in operation. They still claim to be under CYSEC and ASIC, which are the main regulators for Cyprus and Australia regions. There is no backup for the same information, and even the mentioned bodies have no idea the platform is in operation. Therefore the founders of AmanTrade risk facing criminal charges, which could be the reason for hiding the same data.

Regulated forex brokers showcase a very high commendable level of transparency, and you can count on such platforms to make profits for you. The vice versa, on the other hand, will even try to lure traders with false regulation data or purport registration in place of the other.

Therefore you should be able to tell the difference between the two. Regulated platforms last in the market for a long and they hardly break any trade rules. AmanTrade is generating funds from the public illegally, and since they claim to be offering services globally, most nations do not allow such services without regulation. Scammers can barely afford to pay regulation fees; how will they pay profits.

AmanTrade Contact Support

AmanTrade offers its traders telephone contact; +447441908030 and +442033182101. They also have email; supporr@amantrade.com and info@amantrade.com. The location address for the head office is 201Bishopsgate, London, EC2M, 3AB, United Kingdom. Meanwhile, during our research, we unravel that the location address is false, has been made up, and has no association with AmanTrade.

AmanTrade.com Review, AmanTrade.com Platform

Therefore, if they provide false location data, there is no guarantee you will receive any response to your query. Legit forex brokers will always provide working customer support. In addition, the response is always rapid. Even so, reliable customer support boosts trust with the platform.

Client Feedback

AmanTrade brags about having more than 196 global connections. They also assure you of multilingual support inclusive of 30languages. Hence they assure you that they fully client’s needs. All this data has no verifiable proof. Alternatively, we should expect customers to feature some positive remarks on the entity atleast. They do not have any data that you can rely on showing customers get satisfactory service.

Positive feedback helps in knowing that you are dealing with a reliable broker. AmanTrade features strait that is common among scammers. They use false remarks of alleged happy traders who claim to gain massive profits from the platform. Meanwhile, this is just a marketing strategy that pyramid schemes use to attract you into making deposits. Scammers like AmanTrade wil even further claim to have won only imaginary awards. Thus you should be cautious of such techniques and avoid the shady investment firm.

Final Verdict

AmanaTrade claims to be based in the UK, and the FCA, the main regulator in the region, does not recognize the platform, nor does any other regulator. Transparency is important in helping you to determine a reliable broker. AmanTrade is definitely not legit and shows a lot of murkiness in their style of trade.

Therefore instead of risking your funds with AmanaTrade, you can decide to invest wisely with these tried and tested forex brokers for pleasing returns. Also, before investing, you should do thorough research on the entity from reliable sources.

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