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Atecs Capital Review - is it scam or safe?

Atecs Capital Review - is atecscapital.com scam or good crypto CFD broker?

RATING: 1 / 4 REVIEWS ForexBrokerz Atecs Capital
Atecs Capital is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Min. deposit Max. leverage Spread
Basic  $500 1:20  ~$55 on BTC/USD

 

Atecs Capital is a CFD broker registered in in the Dominican Republic that is focused on cryptocurrencies. Yet, there is nothing to guarantee the quality of the services provided, nor the security of clients’ funds – the broker is not licensed, and therefore not recommended. That being said, we have serious concerns regarding this broker, which are listed below, along with a few possible advantages.

 

 

Atecs Capital Advantages

 

Solid selection of coins

For all its faults, Atecs Capital at least offers decent selection of coins for trade. More specifically, its clients can trade in Bitcoin, Litecoin, Ripple, Ethereum, Dash, Ethereum Classic, Monero, NEM, Bitcoin Cash, OmiseGo, ZCash USDT, and more against USD, EUR, AUD, or other digital assets.

 

Some leverage provided

Although Atecs Capital has not disclosed this on its website, the leverage levels we saw on the trading platform are up to 1:20. We consider the availability of such leverage levels as an advantage, because not all crypto trading venues offer margin trading. Yet, keep in mid that higher leverage comes with a price – it brings along greater risk of losses. 

 

 

Atecs Capital Disadvantages

 

No legit license

Atecs Capital is allegedly owned and operated by Altos Group Ltd., a company operating out of Dominica. Brokerages operating out of Dominica are bound by certain international banking regulations, however, forex businesses are not regulated at this time.

 

This means that clients of Atecs Capital have no assurance for the security of their funds and no authority to turn to in case they are defrauded or something goes wrong.

 

Trading conditions not fully disclosed

Information, or lack of it, is a solid criterion for judging a broker’s legitimacy. Scammers would not share much essential information about their operation and trading conditions and the reasons for this are pretty obvious.

 

That is why we consider the lack of information on spreads, leverage provided, etc., as a great disadvantage on the part of Atecs Capital.

 

MetaTrader not available

Furthermore, Atecs Capital offers trading on some unproven web-based platform. While it is simple and easy to use, there isn’t any room for comparison between this trading interface and the industry standard MetaTrader 4 (MT4), which is the favorite platform of several generations of traders.

 

 

Click on the image to view full size.

 

The main advantages of the MT4 are the superior charting, the automated trading strategies (EAs), and the programming environment, which allows for easy customization. 

 

 

>> Wanna trade with a MT4 broker? <<

 

 

No CFDs on forex, indices, commodities, energies, precious metals, stocks

As we mentioned already, this broker only offers trading in cryptocurrencies in the form of CFDs. While the selection of digital coins available is solid, there aren’t any other assets to be traded at Atecs Capital. Most brokers offer wider variety of CFDs, which also include forex, indices, commodities, energies, precious metals, stocks, and more.

 

High initial deposit, withdrawal times & fees

According to the information on Atecs Capital`s website, one has to deposit at least $500 in order to start trading. This is at least double the industry standard.

 

As regards withdrawals. clients of the broker can allegedly withdraw via wire transfer, credit card, or Skrill. However, the average wait time for approval of a withdrawal request is up to 15 business days, and bank wire withdrawals are charged $30 each.

 

 

Conclusion

 

While we listed a couple of potential benefits of Atecs Capital, that was only for the sake of unbiasedness. This broker is one of the many entities exploring the frenzy around Bitcoin and other cryptocurrencies without any financial services license, and any guarantees for its clients. Most such brokerages are involved in all kinds of investment scam schemes, so investing in such companies is not recommended.

 

The only way to trade safely in this risky environment is to only deal with brokers holding licenses from reputable financial regulators like UK’s FCA, or Cyprus’ CySEC (in Europe). These regulatory agencies require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

 

 

>> A list of reliable forex brokers offering crypto CFDs <<

 

 

And finally, here are the highlights of the present review of Atecs Capital:

 

Pros Cons
Solid selection of coins No legit license
Some leverage provided Trading conditions not fully disclosed
  MetaTrader not available
  No CFDs on forex, indices, commodities, energies, precious metals, stocks
  High initial deposit, withdrawal times & fees

 

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Traders` reviews for Atecs Capital

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

SCAM

Xmas 2019 ,phone call to join Atecscapital was advised are Automated Algorithm also said by Ben Harper account manager,since had been requesting a WITHDRAWALsince 7 January 2020 of my deposit that wasn't actioned then smooth talker Ben Parker got me to agree to download and install a ANYDESK 17/1/2020 = I had said to Ben not to look at my Private Information which he agreed to but once installed he IMMEDIATELY Searched entire pages , even tryed to get USD $250 withdrawal on my Mastercard (I had a Block on the card so transaction declined) then he spent along time trying to find my Internet Banking asking me which bank do I use (I don't use Internet Banking so he stuffed up there) No record of Bank
He got me to install Anydesk on Lies ,,,no automated service talked me into help me make some money $ but lost $80
THE BIG SURPRISE IS IMMEDIATELY ATECSCAPITAL WANTED TO DRAIN MY BANK ACCOUNTS and to Steal as ATECS CAPITAL UNREGULATED IS A SCAM TO DEFRAUD YOU BY ACCESS TO INTERNET BANKING and Credit Cards along with declined withdrawal = SCAMMERS then he disabled the internet by turning WIFI Off so I didnt know not working the next day an has done something bad to purchase online goods with my cards ,,,unable to purchase I deserve a Big Apology but Atecs tells too many lies ,,,good luck

Robert Illes 01/19/2020

money missing

Everything looks right at the beggining. With good attention in customers. But when I tried ti withdrwal my money I could not access to my account. I told to Mark Goldman that my money has not been returned. I am still waiting. It is a scam.

Davinia 12/16/2019

Follow up review

Hi,
I previously sent you a request for information about ATECS CAPTAL and
ALTOS GROUP LTD,
At that point I was worried about some things, but I am very happy with the
way things are going now and am sure my money is safe and it is a good
company, no problems now.
I would also like to SAY SORRY for any problems this may have caused the
companies.

Best Wishes, Ken Clark

Ken Clark 12/10/2019

I have £3000.00 with atecs capital.

At present they are pushing me hard to put more in but they will not let me withdraw any of my money.

I am still wondering if I have been scammed and will I be able to get my money back?
Can you recommend anything?

Ken Clark 12/05/2019
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