Anonymous, shady, incognito, unidentified… All these are terms one can use to describe Arrowteks brokerage. The company made no effort in disclosing some of the basic things such as headquarters and regulations.
Everything you should know about this scam, you can find in our Arrowteks review.
|Broker status:||Offshore broker|
|Regulated by:||Unlicensed Brokerage|
|Owned by:||Arrowteks Ltd|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Platforms:||Web trader|
|Minimum Deposit:||250 EUR|
|Cryptocurrencies:||Yes – BTC, BCH, ETH – total 12|
|Types of Assets:||FX, commodities, indices, stocks, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Arrowteks Regulations and Security
Arrowteks is allegedly a brand of Arrowteks Ltd, allegedly based in Saint Vincent and the Grenadines. Why allegedly? Because we couldn’t find the company in any register, and SVG is mentioned only in the Terms and Conditions under the section Governing Law. Yet, the broker could list any offshore country, and we wouldn’t be able to tell if it’s real or not.
However, what is real is this – Arrowteks regulation doesn’t exist, making this brokerage another illicit scheme. Beware of the Arrowteks scam.
Fund Withdrawal Issues
With everything being said, we’ve checked how traders feel about Arrowteks. And guess what? Every single one of them reported withdrawal issues. They can invest as much as they want, starting from 250 EUR. There’s an account manager always selling new opportunities and new chances to be rich.
Yet, once you want your money back, it’s not possible. The broker will delay your request, and if you are too persistent, you’ll find yourself with a blocked account.
Think if that’s what you really want.
On Trustpilot, Arrowteks broker is described as the best. It has an excellent score, which pretty much confused us. Yet, then we started reading all those alleged reviews (maybe you’ve noticed that everything in regards to Arrowteks is alleged). All of the good reviews are coming from the UK. If the broker operates globally, and we know it does, what are the odds that only UK clients will be satisfied with the service?
Here’s one honest review explaining how the broker uses AnyDesk software to defraud clients.
I lost $67k USD to arrowteks.
They’ve even tried scamming me again by offering a refund. But you have to use the program ANYDESK so they have full control of your computer.
The lowest of the low!
How Does Online Trading Scam Work?
There are a couple of options when it comes to online trading scams. You will sign up for a trading advertisement believing your life will go up. Instead, everything goes downhill. In the case of Arrowteks, the main thing to use is AnyDesk. It’s software that allows broker access to your computer, including everything you have on it, such as your online banking. Once this fraudulent company sees how much money you have, they will transfer it to their company, most likely via Bitcoin. Meanwhile, they’ll convince you they are making this BTC investment for you.
Do not approve access to your PC or a laptop to anyone.
Scammed by Arrowteks?
In case you have been scammed by Arrowteks or a similar fraudster, let us know. We will help you file a dispute and request a chargeback.
But what is a chargeback?
This is a way for your bank to reverse the transaction and give you your funds back. However, the process requires certain steps, and the best would be to contact experts.
Our support is waiting for you on the online chat. We will book a free consultation and explain to you how to get your money back from scammers!
What is Arrowteks?
Arrowteks is a shady online trading brokerage that hasn’t provided any details on the company.
Is Arrowteks a scam?
The broker is unregulated and based in an unknown country. Therefore it can be considered a scam.
Is Arrowteks regulated?
No, Arrowteks has no regulations or licenses to provide financial services of any kind.