Is AmtoFX the Real Deal or a Scam Broker?
Are you curious to find out if AmtoFX is a legitimate broker or possibly a scam? Let’s dive into it. AmtoFX is an unregulated broker that provides limited information about itself and its owners. Although AmtoFX claims to be registered in Hong Kong, it’s important to note that registration does not guarantee regulatory oversight as having a business license is different from having a brokerage license. The broker relies on customers not being aware of this distinction or not considering it important. Upon visiting the NFA’s website, we found no evidence of AmtoFX being licensed.
Something’s Up with AmtoFX
So, what’s the deal with AmtoFX? One concerning aspect is its high leverage, which can expose traders to significant risks. High leverage encourages individuals to trade on margin, essentially putting them in debt to the broker. Consequently, this can hinder customers from withdrawing their funds. Moreover, numerous customers have reported difficulties in withdrawing money from AmtoFX. Considering AmtoFX’s lack of a license or any indications of being a legitimate broker, it is reasonable to lend credence to these complaints.
Here Are Some Problems with AmtoFX
- No transparency
- Misleading statements
- Numerous customer complaints
If You Need Fund Recovery from AmtoFX, Talk to Us
You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!