AlphaBetFX is one of the known trading companies in forex and CFD. The company provides four different types of account on the MetaTrader4 (MT4), which comprises a Basic Account, Silver Account, Gold Account and VIP Account. The minimum deposit starts from $250 and the maximum leverage offered is up to 1:1500. Furthermore, the spreads start with 1,2 pips for the Basic Account and for the Silver Accounts, it is at 1 pip.
AlphaBetFX is operated by TRIPLE15 Ltd. This company has its contact address in Bulgaria. All the forex trading companies need to be licenced as per the Bulgarian Law but AlphaBetFX is unlicensed, which is why people need to be aware of the frauds that may happen while investing. Although the company is popular among other forex trading establishments, taking precautions is always appreciated. In case one faces any sort of fraudulent activities, the person can file a case on Funds Recovery.
AMarkets was founded on 1st October 2007 and it has a European Office in Montenegro. It has received free access to MT4 trading platforms. The company at present, claims to have more than 3,50,000 clients globally. It offers to trade forex of up to 50 pairs, 147 CFDs, 7 metals, 27 indices, and 3 bounds. Some of the major highlights of the company found in its website are-
- Regular bonuses, promotions and offers
- Instant and commission-free deposit
- EUR/USD accounts
- Leverage of up to 1:1000
- Spreads of 0,2
While the company stands in a good position, there are a few cons one needs to know. It is a member of the Financial Commission and is confirmed by Verify My Trade. However, there is no globally-recognized regulator. Besides, it charges withdrawal fees. Moreover, AMarkets does not provide its services in some countries including Great Britain. So, in case you may face the fraud by this company, you can raise a complaint in Funds Recovery.
Aits FX is registered in St. Vincent and the Grenadines and is an offshore Forex brokerage. It claims to be an offshoot of AITS educational school which was founded in the year 2012 by Andu Ireland. It is worth noting that this company allows only one type of account i.e, MetaTrader4 (MT4), which is a trading platform. It allows the leverage of 1:100.
When it comes to forex trading, Aits FX is one of the leading names but that is not enough to rely upon. Since forex trading is immensely large and important, millions of people have suffered from scam and fraud. That is why it is important to seek precautions, just in case your trading also faces such tragedy.
For this, you can go to Fund Recovery, one of the leading helping hands for those who have faced huge fraud in trading forex. So, before you try to dive into the huge forex trading world, make sure to carry a proper precaution.
