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AT Markets Review - is it scam or safe?

AT Markets Review - is at-markets.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz AT Markets
AT Markets is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

AT Markets is a forex broker that appears to support the Sirix platform, but further trading conditions remain undisclosed, and we couldn’t access any trading terminal, so we have no choice but leave this section empty.

 

Furthermore, the broker says to be authorized to operate in the UK, however, this claim turned out to be false, and this hasn’t gone unnoticed by the UK financial regulator. Read on to get all the details regarding AT Markets before investing any money.

 

 

AT Markets Advantages

 

In this section, we usually try to list any possible advantages a brokerage might have, however we couldn’t think of a single positive thing about AT Markets.

 

 

AT Markets Disadvantages

 

No company name, false claims of regulation

There is actually not much information about AT Markets on its website – an address in London, as well as several contact numbers, but no company name mentioned. So, clients of this broker are basically unaware of who they’re dealing with, who is holding their funds, and have no assurance that that it will perform its part of the contract.

 

 

Yet, the broker says to be licensed by the UK’s Financial Conduct Authority and to adhere to all MiFID requirements – a claim which proved to be false.

 

Bear in mind that the EU, along with the US, Australia, Canada and Japan, is a strictly regulated market, where only brokers holding legit licenses are allowed to operate. And more specifically, such licenses may only be issued by financial governmental agencies of EU Member States.

 

 

Blacklisted by the FCA as a clone

Furthermore, our check in the FCA’s online register revealed not only that AT Markets isn’t authorized to operate in the UK, but that the British financial watchdog has expressly warned investors against doing business with it, as it is “a clone firm” – one that illegally uses the details of a properly regulated company, with which it isn’t associated in any way.

 

 

More specifically, AT Markets tries to mislead investors that it’s operated by AT Global Markets (UK) Limited (ATFX), and they have included the address of the latter on their website. 

 

In our view, brokers that present such purposefully misleading information should be avoided at all costs, because they are apparently brutal scams. Besides, the people operating AT Markets are obviously not bound by any government regulator, which means and that potential clients (or victims) have no one to turn to in case they have been cheated, which is very likely to happen.

 

Trading conditions not disclosed

As was noted above, AT Markets’ website lacks information on the most important details of its offer, such as the reference spreads, maximum leverage levels provided (if any), etc. Free testing service is also unavailable, so we can safely conclude that the broker is not transparent with its services and pricing, which is very typical of scam brokers. 

 

It’s even unclear what platform does AT Markets use. That said, most forex brokers ask for an initial investment of $100 - $250 and offer free access to the MetaTrader4 or its most recent version, the MetaTrader5. Both platforms have great charting, offer automated trading, and are reliable and user-friendly.

 

 

>> Choose some of the best MT4 brokers <<

 

 

Conclusion

 

We believe we listed enough disturbing facts about AT Markets to prevent you from investing with these scammers. The trading world is full of them, and thousands of investors get swindled out of their money every day.

 

As always, our best advice for traders looking for a reliable forex broker, is to select among those licensed by reputable financial agencies such as the Financial Conduct Authority (FCA) in the UK or the CySEC. Also, don’t forget to check the companies’ names as well as approved domains in the public registers of the respective authorities.

 

 

>> Trade with a FCA-licensed forex broker <<

 

 

FCA-licensed brokers have to meet a strict set of requirements, which provides significant assurance for the safety of their clients’ funds. What is more, if you trade with a broker licensed in the UK, your capital will be protected for up to 85 000 GBP, even if the brokerage files for bankruptcy.

 

To sum up the above:

 

Pros Cons
Not any No company info, false claims of regulation
  Blacklisted by the FCA as a clone
  Trading conditions and platform unclear
  Trouble with account registration

 

Latest news about AT Markets
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Traders` reviews for AT Markets

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