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No Regulation
Score
1.31 /10
Danger
Amazing Trade
2-5 yearsSuspicious Regulatory License
High potential risk
Add brokers
Comparison
Quantity 3
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index5.50
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Exposure
3 pieces of exposure in total Pyramid scheme complaint
ExposeNote: Amazing Trade's official website: https://amtfxm.com/amazing/en/index.php is currently inaccessible normally.
Amazing Trade Information
Found five years ago, Amazing Trade is a brokerage company based in Finland. Though it is a very recent participant in the financial scene, the company has attracted interest for its products. Nonetheless, clients should be advised of the hazards inherent in handling it as it is not controlled.
Is Amazing Trade Legit？
There is no formal financial regulatory agency overseeing Amazing Trade. Being an unregulated broker means that its operations are not under control of regulatory bodies in charge of preserving adherence to industry standards and protecting traders' interests. Lack of control raises questions about the security and safety of funds as well as the broker's company operations' openness.
Downsides of Amazing Trade
Lack of Regulation: Amazing Trade puts major fund security and business transparency hazards for traders as an uncontrolled broker.
Website Accessibility: The official website is not accessible right now, which limits consumers' access to get required knowledge and services.
Customer Complaints: Negative reviews on WikiFX point out problems including required payment of withdrawal fees and lack of customer care response.
Negative Amazing Trade Reviews on WikiFX
On WikiFX, “Exposure” is listed as a user-generated word of mouth recommendation.
Traders encouraged to review content and assess risks before dealing on prohibited platforms. For pertinent information, kindly check our platform. Report dishonest brokers using our Exposure section; our team will endeavor to resolve any issues you run across.
As of now, there were 3 pieces of Amazing Trade exposure in total. I will introduce 2 of them.
Exposure 1.
| Classification | Mandatory Payment of Withdrawal Fee |
| Date | 2023-03-09 |
| Post Country | Vietnam |
User cannot withdraw money. The user paid the exchange a 10% withdrawal charge, yet the withdrawal issue remained unsolved. The user expects authorities to fix this.
Exposure 2.
| Classification | Lack of Customer Support Response |
| Date | 2023-03-04 |
| Post Country | Vietnam |
Three times the user tried to withdraw funds, but the exchange rejected them as anomalous. Despite the user's USD trades, the exchange required a 10% USDT withdrawal charge in advance. Even when the user paid the charge, the withdrawal issue continues. Customer service has ignored the user's messages. The user asks authorities for help.
Conclusion
Lack of control and documented problems with customer service and withdrawal costs make trading with Amazing Trade dangerous. To guarantee the security and safety of their money, consumers should pick controlled brokers with open practices.
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