AnyTrades Review – This Is Why Any-Trades.com Is A Scam
AnyTrades broker was established back in 2016, with its peak in 2020. The company has defrauded many, using different domains and falsely presenting itself. Read our AnyTrades review and find out all the details about this scam investment firm.
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed Scam Broker|
|Scammers Websites:||Forex Trading Scam|
|Blacklisted as a Scam by:||anytrades.com
|Types of Assets:||Available|
|Free Demo Account:||Yes|
|Accepts US clients:||US traders are accepted|
Is AnyTrades Regulated? – Why Does It Matter?
When it comes to online brokers, regulation is your protection from scams. If the broker has a license, you can always go to a regulator and claim your money. Yet, with offshore brokers, regulation is always questionable.
What’s Wrong With A Trading License?
AnyTrades regulation should come from the VFSC of Vanuatu since the broker is allegedly based there. Our search didn’t show much since we don’t have an official owner. Basically, broker AnyTrades is just another fictive offshore firm that is about to steal your money. If they haven’t already. Therefore, be well aware of the fraud and don’t fall for it.
Warnings Against AnyTrades Fraud
We’ve got two warnings against AnyTrades trading scam – by the UK FCA and Irish Central Bank. Both of those came after numerous heavy AnyTrades complaints.
The UK and Irish regulators have decided to end the AnyTrades scam by issuing official warnings, stating that the broker is not legitimate and you shouldn’t give your money away.
The Danish DFSA and Estonian FI later republished these two warnings.
Where Is AnyTrades Trading Scam Active?
According to our AnyTrades review, the broker is mainly active in the US, the UK, Germany, Australia, and Bulgaria. Yet, none of the countries are safe with offshore fraud. You can be a victim wherever you are if you just click on the wrong ad and leave your details to this scam firm. Be aware that investing offshore rarely has a positive outcome, and avoid doing so.
What Trading Platforms Are Available? – Trading Software
Apparently, AnyTrade’s trading platform is no better than its reputation. The company offers a plain WebTrader available on desktop and mobile versions. Despite being described as an “innovative award-winning trading platform,” this WebTrader has no special features. It’s just another TradingView chart with too high spread and unregulated leverage.
AnyTrades Mobile Trading App
While the platform itself is not as good, the broker at least offers mobile trading. That way, AnyTrades login is enabled via Android and iOS, making it easier to monitor your trades. The app is based on WebTrader, meaning no special trading tools here.
AnyTrades Social Trading Overview
Social trading with legitimate firms means that you need less research since you can copy trades of professionals. With scam brokers such as AnyTrades, it implies another scheme to get to your money. Don’t trust it.
Which Products Does AnyTrades Offer? – Trading Assets
AnyTrades offers quite a solid range of trading assets, but surprisingly, crypto is not on the list. Here’s what the offer looks like:
- FX (currency pairs)
All the assets come with a starting spread of 2.1 pips, while the leverage for currency pairs goes up to 1:100, despite EU regulations strictly limiting it to 1:30. It shows you that AnyTrades broker is anything but a legitimate investment firm.
Trading Accounts Overview – Demo & Real Accounts
There are only 3 AnyTrades account types, differing in basic perks, such as lower spread, better account management, and more trading education. You can choose between:
- Gold and
- Platinum account.
The AnyTrades minimum deposit is $500, which was kind of a surprise. Usually, companies require the standard of $250, while some legitimate investment firms have even micro accounts, getting you on board with $10 or less.
All these small things lead us to conclude that AnyTrades is just a scam for extorting money.
AnyTrades Demo Account
There is an AnyTrades Demo account for practice. Yet, it means nothing because your money is at real risk once you deposit it, unlike virtual money.
Scammed By AnyTrades Broker? – Talk To Our Recovery Experts
If you were scammed by AnyTrades or a similar bogus broker, contact us right away. Our experts will help you file a dispute for a chargeback and get your money back. Don’t let scammers run with what’s yours. Fill out the online form and get in touch with us today!
What Is The AnyTrades Minimum Deposit?
AnyTrades minimum deposit is $500.
Can I Trade Cryptocurrencies And CFDs With AnyTrades Broker?
You can trade CFDs with AnyTrades, but crypto is not allowed.
Does AnyTrades Give a Deposit Bonus When Opening an Account?
Yes, AnyTrades gives bonuses when opening an account.