Score

1.14 /10
Danger

Amxer Markets

Saint Lucia

1-2 years

Suspicious Regulatory License

High potential risk

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Quantity 1

Exposure

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Score

Regulatory Index0.00

Business Index4.16

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Broker Information

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Company Name

Amxer Markets Limited

Company Abbreviation

Amxer Markets

Platform registered country and region

Saint Lucia

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • 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!

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Pyramid scheme complaint
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Scam

amxer shows the Evil

Hello sir, I deposited 50,000 lira to a Forex company called ifx here 2 months ago. They asked for another 50,000 lira behind this 50,000 lira, and I got into another trouble. To prevent the account from going bankrupt, we sent 16,000 lira and they asked for another 50,000 lira, making a total of 166,000 lira that we deposited. I saved the account and made it 21,305 dollars. Then I requested a withdrawal. Umut Bey and Selçuk Ural from there said they would withdraw this money for you by 5 o'clock today. We requested the withdrawal, a week passed, 10 days passed, and no withdrawal was made. Finally, through Selçuk Ural, a company called Alpha Financial Market asked me to deposit 50,000 lira and transfer your account there so that you can withdraw your money on the same day. He said, "You will withdraw your own money." Your account is worth 18,800 dollars. Then they also asked for 50,000 lira as an expense for that money. We deposited it and in the afternoon, he said, "You made a mistake with this 50,000 lira. You won't write the name, leave the name blank." They asked for another 51,000 lira, and we deposited 51,000 lira again. Then they asked for another 50,000 lira. This time, as if blackmailing, they said either you do it or we can't do anything, we will send the account to SPK and it will be closed, I don't know what. They tell something and I got up and deposited another 51,000 lira. And now, with the transactions I made there, I have 35,000 dollars as my receivable there, and behind it, $2,000, we sent it again, 20,000 Turkish lira, we sent it again for that money to arrive, for 34,000 dollars to arrive, and those monies are also visible on the platform there, 2,588 dollars, that is, it is visible in the normal account from 34,000 dollars. I made a withdrawal request and now none of them are talking to me, they are not answering my calls. The last person I spoke to was Emir Bey from Alpha, he said he is the manager. Then, finance manager Barbaros Bey, customer representative Çağla Hanım, another customer representative Efsune Hanım, manager Süleyman, and none of them have been answering my phone for 1.5 months. I have been without a phone for two days, today is

Q10
2024-10-29 06:41
Amxer Markets · Company summary

Amxer MarketsBasic Information
Company NameAmxer Markets
HeadquartersSaint Lucia
RegulationsNo Regulation
Account TypesStandard, Premium, Pro, Pamm
Minimum DepositStandard: 500$Premium: 100$Pro: 1000$Pamm: 1000$
Minimum SpreadStandard: 3.0 pipsPremium: 2.0 pips onwardsPro: 1.0 pips onwardsPamm: 0.6 pips onwards
Trading PlatformsMeta Trader 5 platform
Customer Support+357 25255678support@amxermarkets.com

Overview of Amxer Markets

Amxer Markets is a broker that allows users to trade various digital assets. It is an online trading platform offering a variety of financial instruments including Forex, CFD, Indices, Commodities, Crypto and Stocks to traders. With Standard, Premium, Pro, Pamm account types, traders can access currency through the MT5 platform. It's important to note that Amxer Markets operates without regulatory oversight, meaning it's not subject to the supervision of established financial regulatory bodies. This lack of oversight can increase risks for users, so it's crucial to conduct thorough research and consider those risks before using the platform.

Overview of Amxer Markets

Is Amxer Markets Legit?

Amxer Markets has no license, which means it's not regulated by any established financial authority. This lack of regulation can increase risks for users, so it is vital to have a thorough research and consider these risks before using the platform.Always prioritize working with regulated brokers to ensure a safer and more secure trading experience.

Is Amxer Markets Legit?

Pros and Cons

Amxer Markets offers traders various types of trading instruments and multiple account types, providing flexibility and catering to varying trading needs. Additionally, the utilization of the popular platforms enhances accessibility and familiarity for traders. However, the lack of regulatory oversight raises concerns about transparency and investor protection. While Amxer Markets offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources.

ProsCons
  • Range of instrument including good range of Forex and CFDs
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Provides flexibility with variable spreads
  • Lack of educational resources or transparency regarding company policies and procedures
  • Utilizes the popular MetaTrader 5 platform
  • Suitable for both beginners and Professionals

Account Types

Amxer Markets offers four types of trading accounts tailored to meet the diverse investment needs of its clients.

  1. Standard: It requiring a minimum deposit of $500, offers variable spreads starting at 3.0 pips and a maximum leverage of up to 500.
  2. Premium: With a lower minimum deposit of $100, It provides tighter spreads starting at 2.0 pips and a maximum leverage of up to 200.
  3. Pro: For more experienced traders, the Pro account requires a $1000 minimum deposit and offers spreads starting at 1.0 pips with a maximum leverage of up to 888.
  4. Pamm: The PAMM account, also with a $1000 minimum deposit, distinguishes itself with fixed spreads starting at 0.6 pips and a maximum leverage of up to 888, potentially attracting traders seeking predictable trading costs.
Account Types

Leverage

Amxer Markets offers a range of maximum leverage options across its four account tiers. The STANDARD account provides up to 500x leverage, while the PREMIUM account offers up to 200x leverage. For more experienced traders, the PRO and PAMM accounts both offer a higher maximum leverage of up to 888x. It's important to remember that leverage, while allowing traders to control larger positions with smaller initial investments, also amplifies both potential profits and losses. Higher leverage can lead to greater gains but also increases the risk of significant losses. Traders should carefully consider their risk tolerance, trading experience, and the specific market conditions before deciding on the appropriate leverage level.

Leverage

Spreads & Commissions

Amxer Markets provides four account types to suit various trader needs and investment levels, each with distinct spread and commission structures:

Standard Account: Catered to the elite trader with a minimum deposit requirement of $500, offering advantageous trading conditions with a minimum spread of 3.0 pips. This account is ideal for high-volume traders seeking the lowest costs.

Premium Account: Designed for experienced traders, requiring a minimum deposit of $100. It offers attractive trading conditions with a minimum spread of 2.0 pips, balancing competitive costs with access to significant leverage.

Pro Account: Suitable for traders stepping into more serious trading, with a minimum deposit of $1,000. The account provides a minimum spread of 1.0 pips, offering a balance between affordability and competitive pricing.

Pamm Account: It requiring a minimum deposit of $1,000. It shares the minimum spread of 0.6 pips, making it a viable option for those new to trading or with limited capital.

Spreads & Commissions

Trading Platforms

Amxer Markets utilizes the MT5 platform. The application of mobile is compatible with both iOS and Android smartphones. Harness the power of the mobile app to gather data, conduct detailed analyses, and execute FX transactions no matter where you are.

Trading Platforms

Customer Support

The company can be contacted at +357 25255678 by call or support@amxermarkets.com by email for any inquiries or assistance.

Customer Support

Conclusion

Amxer Markets is an unregulated broker offering a variety of financial instruments, including Forex, CFDs, Indices, Commodities, Crypto, and Stocks. It provides four account types: Standard, Premium, Pro, and PAMM, each with varying minimum deposits, spreads, and leverage options. While the platform offers a range of trading instruments and a popular trading platform (MetaTrader 5), its lack of regulatory oversight raises concerns about transparency, security, and investor protection. Traders should approach Amxer Markets with caution and prioritize working with regulated brokers to ensure a safer and more secure trading experience.

FAQs

Is Amxer Markets regulated?

No, Amxer Markets does not have a license and is not regulated by any established financial authority.

What are the minimum deposit requirements for Amxer Markets accounts?

Standard: $500

Premium: $100

Pro: $1000

PAMM: $1000

What is the maximum leverage offered by Amxer Markets?

A: Standard: Up to 500x

Premium: Up to 200x

Pro: Up to 888x

PAMM: Up to 888x

What are the spreads offered by Amxer Markets?

Standard: Minimum 3.0 pips

Premium: Minimum 2.0 pips onwards

Pro: Minimum 1.0 pips onwards

PAMM: Minimum 0.6 pips onwards

What trading platforms does Amxer Markets offer?

Amxer Markets utilizes the MetaTrader 5 (MT5) platform.

How can I contact Amxer Markets customer support?

Phone: +357 25255678

Email: support@amxermarkets.com

Risk Warning

Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Comments

“Hey, looks like they're offering many classes of instruments and account types, which is cool. But, no regulation? That's a big red flag. You gotta be transparent and have some oversight, otherwise, people are gonna be hesitant to trust you.”

“MT5 is a good platform. But, no educational resources? Come on, you gotta help people out, especially with all the risks involved in trading. Give them some tools to learn and make informed decisions.”

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zal0820
more than one year
Finally my issue was resolved. It happened when real people joined the conversation. Bots and FAQ page were not helpful.
Finally my issue was resolved. It happened when real people joined the conversation. Bots and FAQ page were not helpful.
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2024-08-23 11:49
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