Note: Ambition's official site - https://www.ambitionforex.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What Is Ambition？
Ambition is a broker registered in Seychelles and operates without regulation. Primarily focused on the Chinese market, Ambition's operations are shrouded in mystery, with limited information available. The broker's official website is inactive, which raises questions about its credibility and transparency.
Pros & Cons
Cons:
No Regulation: Ambition operates without regulation, which raises concerns about the safety and security of funds for traders. Regulation is essential for ensuring transparency, accountability, and adherence to industry standards.
Focus on Chinese Markets Only: The broker's exclusive focus on Chinese markets limits accessibility and appeals to traders from other regions who seek diversified trading opportunities.
Dead Website: The fact that Ambition's website is inactive or non-functional suggests a lack of professionalism and reliability.
Scarce Information: Ambition's lack of transparency and limited availability of information make it difficult for potential clients to conduct thorough research and assessment before engaging with the broker. The scarcity of information raises doubts about the legitimacy and credibility of the platform.
Is Ambition Safe or Scam？
Regulatory Sight: Ambition is currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.
Collapse of the platform: Users claimed that Ambition collapsed, leading to concerns about fraud and inability to access funds.
Fraudulent behavior: There were accusations of fraudulent activity, with users claiming that individuals associated with Ambition changed their identities and continued scamming under different aliases.
Inability to withdraw funds: Multiple users reported difficulties in withdrawing their funds from Ambition, with the platform allegedly only allowing access to commissions instead of the actual funds.
Lack of communication and contact: Users expressed frustration over the lack of communication and contact from Ambition after encountering issues with withdrawals or other concerns.
Counterfeit platforms: Some users mentioned instances where a third party allegedly counterfeited the Ambition platform, further complicating the situation and raising doubts about the platform's legitimacy.
Customer Support
Based on the provided information, the customer support of Ambition appears to be limited to telephone and email communication. Users can reach out to Ambition's support team via the provided telephone numbers(+852526 17032, +85252617032) or by sending an email to (info@ambitionforex.com)
Conclusion
Ambition is a non-regulated broker, with no regulation and a dead official website, and it provides service only to Chinese markets. And there is very limited information we can find on the internet. In this case, we do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Q: I am from the USA, can I trade with Ambition？
A: No, you can't, since it only deals with the Chinese Markets.
Q: Is Ambition regulated or not？
A: No, it is not regulated.
Risk Warning
Online trading involves significant risk, and you may lose all of 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 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.
2024-03-28 11:57
2022-12-15 14:33
