Altman Finance Review: Guide to Understanding the Broker
While Altman Finance claims to “know its traders” and provides only the best service, the reality is different. That was the reason for us to do an Altman Finance review and present to you all the facts related to the brokerage, so you can make your own decision.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||No Info|
|Owned by:||ALTMAN FINANCE INVESTMENT CO LTD|
|Types of Assets:||Commodities, shares, future, FX|
|Free Demo Account:||Yes, available|
|Accepts US clients:||Not Accepted|
Altman Finance Regulations and Security
Altman Finance is owned by ALTMAN FINANCE INVESTMENT CO LTD from Seychelles. Since it’s an offshore country, we haven’t hoped too much to find a regulation. However, we tried. We found nothing after reviewing FSA Seychelles, FCA, ASIC, BaFin, and a couple of more Tier1 registers.
It tells us that being involved with an Altman Finance broker means being involved with a fraudulent offshore firm, and that’s not something you should allow yourself.
Fund Withdrawal Issues
We found a more significant issue than being unregulated – the trader’s inability to withdraw their funds. Once you start investing, you will find yourself lost since broker’s account managers are not supportive nor trying to assist. The only thing they will do is ask you to add more money.
However, if you decline, your account access will be suspended and you will never see your funds again. That’s the risk of trading with an unregulated company that has no compensation fund.
Investing with Tier1 brokers means having the security of the funds since brokers are legally obliged to form a compensation fund of a minimum of 700,000 EUR. That’s why we would always advise you to choose such.
Traders About Altman Finance Scam
As you can already imagine, traders have nothing good to say, according to Altman Finance reviews. The first thing that raises a red flag is that there’s no initial deposit requirement. This means the broker can call each client and request a different amount based on their economic status.
Besides, some basic trading conditions, such as spread and leverage, haven’t been mentioned, making clients uncertain whether they will be able to make any profit or not.
How To Know If You Have Been Scammed Online?
A question we often hear is “how to know if I have been scammed?” As people are involved with certain companies and influenced by their account managers, they tend to believe that everything will be alright in the end. Yet, there are limits your broker cannot cross and moments where you need to step back and ask for your funds back.
If you experience withdrawal issues, login problems, platform lags, or your funds disappear from your banking or trading account without approval, you should file a dispute and request a chargeback immediately.
Scammed by Altman Finance? – Tell Us Your Story
Being scammed by Altman Finance or any other trading brokerage is not a shame. What you should be ashamed of is not fighting back and not doing everything you can to get your hard-earned money back. Contact us via online chat, book free consultation with a chargeback specialist and let’s get what’s rightfully yours!
But What Is A Chargeback?
It’s a way for your bank to reverse the fraudulent transaction if you have been scammed online. For further details, contact our support team and tell us your story.
What Is Altman Finance?
To be clear, this is an online trading brokerage from Seychelles.
Is Altman Finance A Scam Broker?
Since it provides financial services without regulation, Altman Finance is a fraudulent broker.
Is Altman Finance Regulated?
No, company is based offshore and not regulated in any country!