Score

1.57 /10
Danger

AMG

United Kingdom

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm United Kingdom

Suspicious Overrun

High potential risk

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.46

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

AMG Capital

Company Abbreviation

AMG

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-11-16
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose
AMG · Company summary
Registered in United Kingdom
Regulated by No effective regulation at this time
Year(s) of establishment 5-10 years
Trading instruments Information not available
Minimum Initial Deposit Information not available
Maximum Leverage Information not available
Minimum spread Information not available
Trading platform MT4
Deposit and withdrawal method Information not available
Customer Service Email, phone number
Fraud Complaints Exposure Yes

Note: At this time, we only have a cursory look at AMG as the company's official website (https://www.amgcapital.co.uk/ ) does not open properly.

Risk Warning

Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.

Pros and Cons

AMG presents a number of disadvantages and risks that potential traders should be aware of. One major drawback is the lack of effective regulation, which raises concerns about the security and transparency of the brokerage. Without regulatory oversight, traders may not have the same level of protection and recourse as they would with regulated brokers. Additionally, the company's website is currently inaccessible, limiting access to crucial information and raising further doubts about its credibility. On the positive side, AMG offers the widely recognized MetaTrader 4 (MT4) trading platform, known for its comprehensive analysis tools and efficient trade execution. However, these potential advantages are outweighed by the significant disadvantages and risks associated with AMG. Traders should exercise extreme caution and consider alternative, regulated brokers with better transparency and security measures.

Pros Cons
Offers MT4 trading platform Lack of effective regulation
Inaccessible website
Limited transparency and credibility
Limited trader protection

General information

AMG is registered in the UK and appears to be a fraudulent broker without any credible regulation, with a history of no more than 10 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

Is AMG Legit?

Based on the provided information, it appears that the licensed institution, AMG Capital Partners Limited, claims to be regulated by the United Kingdom's Financial Conduct Authority (FCA) with a license number of 225540. However, it has been detected as a clone firm and listed in WikiFX's Scam Brokers list. The platform is described as a Ponzi Scheme and has been flagged as illegal with expired licenses. The information suggests that AMG Capital Partners Limited is engaging in fraudulent activities and is not regulated by the FCA.

regulation

Trading platform offered by AMG

AMG offers the MetaTrader 4 (MT4) trading platform to its clients. MT4 is a widely recognized and popular trading platform that has been in the market for a significant period of time. It is known for its robust features, user-friendly interface, and comprehensive trading tools.

The MT4 platform provides traders with access to various financial markets, including forex, commodities, indices, and more. It offers a range of features and functionalities designed to assist traders in executing trades, analyzing market trends, and managing their positions effectively.

trading platform

Customer support

AMG's customer support is limited in terms of available channels. You can reach out to their customer support team through email and a phone number. However, it is important to note that the company's website is not currently accessible, so it is uncertain if they offer additional support services such as live chat, callback options, frequently asked questions (FAQ) section, or round-the-clock availability.

Here are the contact details for AMG's customer service:

Email: info@amgcapital.co.uk

Phone Number: 0044 2084 323 0044

It is advisable to use these contact methods cautiously, considering the concerns regarding the legitimacy and regulatory status of AMG as mentioned earlier.

Users exposures

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

users' exposure

Conclusion

In conclusion, AMG presents significant disadvantages as a broker, with the lack of effective regulation, negative user reviews indicating fraudulent activities, and limited customer support channels being major concerns. The company's website is inaccessible, and crucial information such as minimum deposit, maximum leverage, and spreads is unavailable. On the positive side, AMG offers the popular MT4 trading platform known for its features and functionalities. However, the overall risks and potential for fraudulent practices associated with AMG outweigh any potential advantages, making it important for individuals to exercise extreme caution and explore more reliable and regulated alternatives in the market.

FAQs

Q: Is AMG a regulated broker?

A: No, AMG is not effectively regulated at the moment, and it is important to be aware of the potential risks associated with dealing with an unregulated broker.

Q: How long has AMG been established?

A: AMG has a history of approximately 5-10 years.

Q: What is the minimum spread offered by AMG?

A: The minimum spread information is not available for AMG.

Q: What trading platform does AMG use?

A: AMG uses the popular MT4 trading platform.

Q: How can I contact AMG's customer support?

A: You can reach AMG's customer support through email at info@amgcapital.co.uk and via phone at 0044 2084 323 0044.

Q: Is there any exposure of fraud complaints regarding AMG?

A: Yes, there have been fraud complaints exposed regarding AMG on WikiFX.

News

NewsWikiFX report: AMG Announces Investment in Abacus Capital Group

Affiliated Managers Group, Inc. (“AMG”), a leading partner to independent active investment management firms globally, has announced that it has entered into a definitive agreement to acquire a majority equity interest in Abacus Capital Group LLC, an independent privately owned real estate investment manager focused on the U.S. multifamily sector. Hodes Weill Securities, LCC acted as financial advisor to AMG.

WikiFX
2022-04-21 14:26
WikiFX report: AMG Announces Investment in Abacus Capital Group

User Reviews

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User comment

7

Comments

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FX1284835418
more than one year
AMG deserves 0 stars, buddies. This broker used to defraud me so much. I started with $200 but I failed in investing oil soon due to extremely high spreads. AMG urged me to deposit more, and I put another $500 in, still losing… What most irritating is they asked me to pay additional exit fees if I close my account. I paid another $300 and left this hateful broker finally.
AMG deserves 0 stars, buddies. This broker used to defraud me so much. I started with $200 but I failed in investing oil soon due to extremely high spreads. AMG urged me to deposit more, and I put another $500 in, still losing… What most irritating is they asked me to pay additional exit fees if I close my account. I paid another $300 and left this hateful broker finally.
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2023-02-24 14:27
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FX1196474486
more than one year
Please be sure to stay away from this scammer, my friend was cheated nearly $10,000 and still has not recovered! Is there any channel to recover the cheated money? Please tell me!
Please be sure to stay away from this scammer, my friend was cheated nearly $10,000 and still has not recovered! Is there any channel to recover the cheated money? Please tell me!
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2023-02-13 13:41
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