Atomic Trade Review – The Risks of Non-Competitive Trading Conditions

Atomic Trade broker comes allegedly from the UK. They are offering FX and CFD trading services since 2018. Thus they have a reliable platform, but that doesn’t make them reliable broker. With non-competitive trading conditions, there are very low chances for pro traders to make deposits here.

However, to build a complete image of this broker read this Atomic Trade review carefully.

Also, avoid the trading frauds Volofinance, Skilling, and Intelligence Prime Capital at all costs! Moreover, before investing, always look into the past of internet trading firms!

Atomic Trade Is A Fraud Broker Without Forex License?

This broker claims to operate from the UK. Logically they should have a license for such services. Especially since the UK left the European Union where they strictly require an FCA license or TPR. Only with those documents Atomic Trade trading company can offer services to UK clients.

Yet, going through the FCA register, we couldn’t find any results about this broker. We checked additionally some Tier 1 regulators. For instance BaFin and ASIC, but the results were the same.

Broker without regulation and multiple warnings. Misleading traders about trading platforms. Non-competitive and mysterious trading conditions. Many warning sings to avoid this broker.

Warning Issued by Financial Authorities

In fact, we were not surprised by the results of the license research for this scam broker. In the end, we found a warning against this broker. It comes from the Canadian Financial Consumer  Services Commission (FCSC) and Canadian Securities Administrators (CSA). If this is not a clear sign of an investment scam nothing is. Check it out.

The Opinions of Traders On About Atomic Trade

As we can see from Atomic Trade reviews, opinions are not good about this broker either. With more than 118 comments and 20% of 1-star rated reviews, we are shocked that they are still in business. That means that every fifth person got scammed. Not to mention ones that never shared their experience.

Differentiating Atomic Trade Platforms – A Software Comparison

Trading platform plays a key role for experienced traders. That’s why they opt for trusted ones like Meta Trader and cTrader. The main benefit comes from available features. For example, social and copy trading, advanced multi-charting options, advanced indicators and many more. Important to realize is that even scam brokers can have such trading software.

Web Trader

The primary solution for this broker is their web trader. It doesn’t offer any significant features compared to Meta Trader. It has only basic trading options and few indicators.

Not only that but also it is eligible for manipulation. Generally speaking, that’s how traders get scammed.

MetaTrader 4 And 5 Desktop

Meta Trader as the leader in the trading industry is the most known app. It provides high reliability and fast executions. Moreover, it allows traders to use advanced tools for trading and maximize profits. Therefore, you can’t make mistake by choosing MT4/MT5.

Since, this broker doesn’t provide access to a demo account we can’t check if they provide this software. Another key point is the software presentation page. Here broker claims to offer MT4/MT5, but trying to download gives you “webprotrader” app.

MetaTrader 4 Mobile

As with the desktop version of the app, the same happens with mobile. Moreover, it’s available only for Android. But in reality, MT4 and MT5 are available for iOS devices as well. That leads you to the conclusion that the broker lures traders to their proprietary platform. Where it’s in general, easier to scam people.s

Atomic Trade’s Trading Assets and Instruments

Atomic Trade scam broker covers only 4 major groups of instruments. Those are:

• Forex                        USD/AUD, NZD/HKD
• Commodities            natural gas, gold
• Shares                      Amazon, Cisco
• Cryptocurrencies       DASH, USDT

Since the broker doesn’t reveal the leverage of those assets we don’t know what traders get into. Based on any Atomic Trade review we can see that it’s nothing good.

Atomic Trade Countries Of Service

Even though they claim not to provide services to some countries, that is also a lie. They are mainly scamming traders from:

• Brazil
• United States
• Canada
• United Kingdom
• India

Many of these countries have the world’s strictest regulations. Yet this broker doesn’t have any. Therefore, check first with your domestic regulator if you should trust this broker.

Atomic Trade List of Account Types

Atomic Trade scam broker offers 6 different account types. However, the minimum requirements are shamelessly high. Without any reputation, they require 1 million for the highest level account. Take a look:

• Starting $2.500
• Basic            $10.000
• Standard       $50.000
• Bronze          $175.000
• Silver            $600.000
• Gold             $1.000.000

The key benefits of each account are higher bonuses and guaranteed profits. Which is a sign of an absolute scam.

Can a Trader Use a Demo Account?

As shown above, they don’t provide a demo account. Traders can’t check if they met the advertised offer. That’s why you should go with a licensed broker. Besides the demo account, you have a micro account as well.

Terms of Service for Atomic Trade

Primarily, the broker is not regulated. Therefore all T&Cs are fictive. If they violate any rules or regulations they don’t comply with any jurisdiction. Important to mention is their anonymity and mysterious funding methods.

Leverage, Spreads and Fees

As mentioned, the broker doesn’t reveal leverage on assets. Which leads to extreme risk while trading. Moreover, they have extremely high spreads from 5 pips. And of course, all fees whether funding or trading are hidden.

Scammed by an Atomic Trade Broker? – We Want To Hear Your Story.

Don’t be ashamed to share your story. Other traders might read it and protect them seleves from these scammers. But more importantly, you can start a fund recovery or chargeback process. Get in touch with our expert team for advice on the first step!

What Is the Chargeback Procedure?

The Chargeback process is a debit/credit card transaction reversal. Usually, the cardholder files a request. Yet, a merchant can do it as well. But only in the first 18 months. Don’t wait too much. Contact us now and start your chargeback process!