Score

1.38 /10
Danger

ANCHGO

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 15

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.02

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ANCHGO LIMITED

Company Abbreviation

ANCHGO

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    ANCHGO · Company summary

    General Information

    ANCHGO is allegedly a forex and CFD broker that provides its clients with the industry-standard MetaTrader5 trading platform, low commissions and competitive spreads on over 70 financial instruments, as well as 24/5 customer support service.

    Market Instruments

    ANCHGO advertises that it offers more than 70 trading instruments in financial markets, including forex currency pairs, precious metals, stock index futures, oil, energy and equity CFDs products.

    Spreads & Commissions

    ANCHGO claims to offer low commissions and competitive spreads. However, from its official site, we only found that the broker provides traders with the average spread for EURUSD pair is only 0.1 pips, yet no specific information about commissions is involved directly in the absence of login.

    Trading Platform Available

    When it comes to trading platforms available,ANCHGO gives traders the worlds most powerful MeatTrader5 platform, available for windows and mobile terminals including iOS and Android. MT5 is known as one of the most successful, efficient, and competent forex trading software, offering a key trading, fully customized chart, configuration files and chart templates, 50+ pre-installed indicators and more. While with the MT5 Mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

    Deposit & Withdrawal

    From the logos shown at the foot of the home page on ANCHGOs official website, we found that this broker seems to accept deposits and withdrawals with Maestro, PayPal, China Union Pay, Visa, JCB, etc., yet we cannot be sure if these payment options are all available.

    Deposit

    Customer Support

    ANCHGO‘s customer support can only be reached by email: cs@anchgo.net. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address while most brokers offer.

    News

    NewsWikiFX Review: why do many investors feel irritated by ANCHGO?

    ANCHGO is an online forex broker offering a bunch of financial instruments. Recently this broker has come to our eyes because we received a series of complaints from traders against this broker. In this article, we want to show you the reliability of ANCHGO by analyzing different aspects.

    WikiFX
    2022-09-08 19:25
    WikiFX Review: why do many investors feel irritated by ANCHGO?

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    User comment

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    Comments

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    Starss
    more than one year
    First of all, the regulatory situation of ANCHGO is unclear, and it cannot be determined whether it is legally authorized and supervised by the regulator, which leads to potential risks. Secondly, the trading products and trading conditions of this platform are relatively simple and lack of diversity. In addition, transaction fees on the platform are relatively high. At the same time, the customer service and user reputation of ANCHGO also had some problems. I saw a lot of negative comments.
    First of all, the regulatory situation of ANCHGO is unclear, and it cannot be determined whether it is legally authorized and supervised by the regulator, which leads to potential risks. Secondly, the trading products and trading conditions of this platform are relatively simple and lack of diversity. In addition, transaction fees on the platform are relatively high. At the same time, the customer service and user reputation of ANCHGO also had some problems. I saw a lot of negative comments.
    Translate to English
    2023-03-30 14:19
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