Unregulated, anonymous, not transparent, not legit. The list of negative adjectives that can be used to describe AtnFX broker goes on and on. However, we don’t want to just list them. We want to show you what is the reason we use them so deliberately. Read our AtnFX review and pick a suitable adjective yourself.
AtnFX Details
| Regulated by: | No regulation |
| Headquarters Country: | Marshall Islands |
| Foundation year: | N/A |
| Supported Platforms: | Web trader – Sirix |
| Minimum Deposit: | $1,000 |
| Types of Assets: | FX, commodities, indices, stocks, cryptocurrencies |
| Maximum Leverage: | 1:1000 |
| Demo Account: | No |
AtnFX Regulation and Security
As aforementioned, the broker is entirely anonymous. We can see it’s established in the Marshall Islands. When or by whom, nobody knows. Since you can set up a company in the Marshall Islands completely online, no wonder why many brokerages are choosing precisely this island for their schemes. Unfortunately, the regulatory body of the Marshall Islands does not try too hard to prevent this since it brings money to the country’s economy.
Yet, we are not here to discuss the economy of the Marshall Islands. We are here to talk about you as a trader and your personal budget. And that budget will be highly damaged if you decide to start an account with an AtnFX broker.
Fund Withdrawals With AtnFX
Let’s start from the very beginning. Your deposit (the minimum of $1,000!) is added to your trading account. Your trades are executed on the Sirix web trader. The web trader is not the safest platform we’ve ever seen. In fact, it’s way less secure than the MetaTrader 4 or MetaTrader 5. Therefore, if the broker wants to be reputable, it’ll offer you at least one of these options.
As mentioned, the minimum deposit is $1,000. If you check reputable brokers, you will see that you can start with $10, $100, or $250. Depositing $1,000 with an unregulated offshore broker equals putting all your money on red in a casino. To be precise, even worse. On top of your funds, the broker is offering you additional financing in a certain percentage. This is the catch of many scam brokerages since you’re not aware that in terms and conditions, it’s stated you cannot withdraw the funds until you reach a specific trading volume. And this volume is so high that you might reach it in a year or two.
The leverage this broker provides goes up to 1:1000. This is ridiculously high leverage that is exposing your funds to tremendous risk. There is a reason for regulators to limit the leverage.
And for the end, if you check any AtnFX.com reviews, you will see that many clients experienced withdrawal issues.
Scammed by AtnFX?
If AtnFX scammed you or you cannot withdraw your funds, file a complaint today! Let us know what happened. You are not the only victim of the AtnFX scam, and there are many people in your situation. Our support is waiting to guide you through a chargeback procedure.
But what is a chargeback? It’s a way of refunding your card in case you were scammed online.
Contact us now, and let’s get your money back!
What is AtnFX?
AtnFX is an unregulated offshore online brokerage.
Is AtnFX a scam?
Since the company is not regulated, it operates illegally.
Is AtnFX regulated?
No, AtnFX is not a regulated brokerage.
