AM Markets is a forex broker that has been around for a few years but has quickly gained a negative reputation in the trading community. Many traders have raised concerns about the broker’s practices, including that it is not licensed or regulated. In this article, we will examine the reasons why traders should not trust AM Markets and why they should consider other options when choosing a broker.
Is AM Markets a Licensed Broker?
One of the biggest red flags when it comes to AM Markets is the fact that it is not licensed or regulated. When we searched for their license information, we found nothing. They only mentioned that they are licensed under AM Group LLC. But the mother company is also a hoax, and they have several warnings for financial fraud activities.
Why Should Not You Trust an Unlicensed Broker?
Trading with an unlicensed broker is a risky proposition for several reasons. First, an unlicensed broker is not subject to the same regulations as licensed brokers, which means that traders have no legal recourse if something goes wrong. Second, unlicensed brokers are often unregulated and untrustworthy, meaning that traders may not be able to get their money back if something goes wrong. Third, unlicensed brokers often use unscrupulous tactics to lure traders into their platforms, such as offering unrealistic returns or making false promises about the safety of their platforms.
Can AM Markets Be Trusted?
Based on the numerous complaints and negative reviews from traders, it is safe to say that AM Markets cannot be trusted. The lack of regulation and the many reports of unethical practices means that traders should be cautious when considering AM Markets as a broker.
What Do Traders Think of AM Markets?
Traders have had mixed experiences with AM Markets, but most traders seem to have had negative experiences. Many traders have reported issues with the platform, such as difficulty withdrawing funds, slow response times from customer support, and manipulated prices.
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If you have been scammed by AM Markets, submit a report through our form. We will analyze and give you a free consultation on the process of recovering your money.