RatingFX: independent rating of Forex brokers
Atiora – regulated con broker
How can a young broker expand its clientele? A brand-new company often woos clients by eloquence and empty promises which do not have much to do with the reality. These are common traps where kitchen brokers lure credulous clients.
Atiora was established in 2015 by a team of professional traders with vast experience in European financial firms. The broker claims that it creates comfortable trading conditions and ensures transparency in everything. The firm is supervised by a watchdog and promoted through well-known marketing ploys. This aggressive policy assures people that Atiora is the best choice.
As a rule, gullible rookie traders are easily misled by such tricks. The prospects of a bonanza overshadow common sense. A person enters into cooperation with the broker skipping details in the agreement. A client provides money to a little-known project. He or she is blinded by the rosy picture painted by con artists.
Some brokers do not specify their legal address. Oddly enough, would-be clients do not consider this a big problem at all. They have been already hooked up and believe they are a step away from being a millionaire. So, they make a fatal error.
In the course of time, everything fits together, but at a cost. The Internet is flooded with dramatic reviews of the dishonest broker. Cheated customers want to warn other traders of a trap.
If a broker obtained a license from a regulator, do not be misled by the seemingly plausible argument in favor of this broker. The question is what particular authority supervises the company. If it is registered in an offshore zone, this is of little merit. A client will hardly be able to exercise this jurisdiction. Thus, kitchen brokers take full advantage of this practice.
Saint Vincent and the Grenadines is an offshore tax haven. No wonder, lots of firms choose this jurisdiction for running a non-taxable business. It is as clear as day. A client at one’s own risk agrees on cooperation with a dubious company. In other words, the odds are that a company is a pure fraud. By the way, Atiora’s brokerage activities are regulated by the financial watchdog at Saint Vincent and the Grenadines.
License and regulation
Dealing with an offshore company, a client usually gets a kick in one’s teeth.
Sooner or later, a fraud comes to light. Like other kitchen brokers, Atiora did not operate for long. However, it does not mean that it terminated its brokerage services. In practice, con men just found a new company and carry on swindling inexperienced traders under popular scams.
Forex broker closed
Trading in any financial market poses a risk. Any accurate forecast could be wrong. No one can guarantee that all deals will be a success yielding fat profits in a short term. Nevertheless, people venture to invest solid money in scams and expect “savvy traders” to multiply their funds. So, people are fooled by the idea of high passive income. Try to figure out why a successful trader is ready to spend his time on you.
If someone calls you and invites you to invest in a lucrative project yielding a 50% return of a deposit per month, hand up on this conversation immediately. This will bring you nothing but trouble. Think twice before you enter into any cooperation involving investment.
If you have already lost some money and you are offered free of charge assistance in its refund, this is compelling evidence that you are still hooked by the same fraudsters.
I’m pissed off about all those scams on the Internet. It just sucks – all those fake brokers, fake lawyers, and others. They seem to know and understand everything. Once you ask them for help, you will eventually come away empty-handed. They require you to pay some commissions, to add money on their telephone balance etc. I’m fed up with them!
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