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ANT Forex Review - is it scam or safe?

ANT Forex Review - Is anthgl.com scam or good forex broker?

RATING: 1.2 / 0 REVIEWS ANT Forex
ANT Forex is an offshore broker. Your money is not safe.

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ANT Forex is a forex and CFD broker  focused on the Chinese market and offering futures contracts as well. If you are considering opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Standard MT4 Account $100 1:500 1,6 pips, felxible
ECN Account $500 1:100 0,3 pips, felxible

 

 

 

ANT Forex Advantages:

 

Lots of currency pairs and futures

 

ANT Forex offers 61 forex pairs, including more exotic currencies such as the Czech Krona, Polish Zloti, Hungarian Forint, Turkish Lira, Mexican Peso, the Chinese Yuan, Russian Rubla, South African Rand, Swedish Krona, Norwegian Krone, Danish Krone and Singapore Dollar, lots of futures contracts and CFDs on spot metals, oil and stocks.

 

ECN Account with competitive spreads offered

 

Besides the Standard MT4 Account ANT Forex says it is offering an ECN Account with raw spreads and a minimum order size of 0,01 lot or 1000 base currency units. Still you may want to check our list of ECN brokers:

 

>>ECN Forex Brokers<<

 

Competitive spreads

 

ANT Forex says the spreads with the Standard MT4 Account start at 1,4 – 1,6 pips, while with the ECN Account are as low as 0.1 – 0,4 pips.

 

When tested with a demo account the EURUSD spread was  between 0,2 and 0,3 pips which is very attractive, taking into account that no commission for the trade was taken. We assume however that the tested spreads are for the premium ECN account.  Here you may check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Generous leverage for the Standard Account

 

The 1:500 leverage offered by ANT Forex for its standard account seems pretty generous and can surely accommodate most trading styles. For the ECN Account however the offered leverage is up to 1:100. Here you may check our list of forex brokers offering maximum leverage of up to 1:500 or more:

 

>> Brokers offering at least 1:500 in leverage <<

 

MetaTrader5 available

 

ANT Forex says it is offering its clients the MetaTrader4 platform available for PC, Mac and Android. When we downloaded the platform for our demo account however it turned out it is the newer version - the MetaTrader5. 

 

MetaTrader5 shares basically all the features that made MT4 so popular among traders. The platform has in-depth analytical and charting tools, with which you can explore historical data. You can also write down and modify your own indicators and bots to be used for automated trading. 

 

You can even run a simulation to test your automated trading algorithms on historical data before trying your strategy in real trade. As we have said before, the presence of MetaTrader4 or 5 is always a positive. Here you can check our list of brokers offering the MT5 trading platform: 

 

>>MT5 Brokers<<

 

ANT Forex Disadvantages:

 

 

Lack of regulations

 

We were not able to identify where ANT FX LTD is based. The company says it is licensed and supervised in Vanuatu, but we were not able to confirm that either.

 

Either way our experience shows that a license from Vanuatu does not give a broker much more credibility than not having one at all.

 

As a rule of thumb investors should avoid trusting their money with unregulated, or regulated by dubious authorities brokers because they are not bound by any fiscal or ethical rules. 

 

On the other hand brokers, licensed by respected financial regulators such as he Financial Conduct Authority (FCA) in the UK,  CySEC in Cyprus and the Australian Securities and Investment Commission (ASIC) had to abide by strict code of conduct, including the obligation to keep all clients funds in a segregated account and to maintain at all times a minimum operational capital.

 

In recent years after the US and Japan adopted tougher regulations on the industry, including requirements for lower maximum leverage option and higher capital adequacy ratio, most forex brokers flocked to Australia, Cyprus and the UK because of their reasonably well balanced regulatory regimes. Here you can check our list of FCA regulated brokers:

 

>>Find FCA regulated Brokers here<<

 

 

 

Misleading information on the minimum deposit to open an ECN Account

 

In the Accout Type section of ANT Forex we read that to open a Standard MT4 Account with the broker you need to make a minimum deposit of 100 USD, while for the ECN Account the investment should be at least 500 USD. 

In the same time in the FAQ section of the website we read that “to open an MT4 account with Ant Forex, the minimum deposit is $1 for both standard and ECN accounts”and that is clearly confusing for the customers.

No information on payment methods

 

There is no information about deposit and withdraw methods in the website of the broker.

 

Conclusion:

 

ANT is an unregulated broker, with no physical address mentioned in their website, that lacks credibility whatsoever. And although it offers attractive spreads and some interesting futures contracts and exotic currencies, we would not recommend you to open anything more than a demo account with them. 

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Traders` reviews for ANT Forex

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