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For more information about AMBRY Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Offers forex trading through popular platforms like MT4 and MT5.
Claims to provide cash rebates on trades, potentially lowering trading costs for users.
Focuses on precious metals trading, appealing to investors interested in gold and silver.

Cons

Company appears to be out of business, raising concerns about reliability and support.
Lacks valid regulatory licensing, which poses significant risks for investors.
Negative reviews and allegations of being a scam, leading to distrust among potential clients.

AMBRY Company

Ambry Forex Broker - Complete Information Guide

1. Broker Overview

Ambry, established in 2007, is a forex brokerage firm that has garnered attention in the trading community. The company is headquartered in Hong Kong, and it operates as a private entity. Ambry primarily serves retail forex traders, offering a platform for trading various financial instruments, including currency pairs and CFDs.

Over the years, Ambry has evolved its offerings and adapted to the changing landscape of forex trading. Notable milestones include the introduction of innovative trading solutions and a commitment to customer service. The broker aims to provide a user-friendly trading environment, catering to both novice and experienced traders alike. As part of its business model, Ambry focuses on retail forex trading, providing clients with competitive spreads and various trading tools to enhance their trading experience.

Ambry operates under the umbrella of Ambry Trading Co., Limited, which reflects its commitment to maintaining high standards in the forex trading industry. The company's business model emphasizes transparency and support, ensuring that clients can make informed trading decisions.

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2. Regulatory and Compliance Information

Ambry is categorized as a closed broker, which means it is no longer active in the market. The regulatory landscape for Ambry includes oversight from various authorities, although specific regulatory licenses and numbers were not detailed in the available sources. It is vital for traders to understand the regulatory framework surrounding their broker, as this ensures the safety of their funds and adherence to trading standards.

Ambry's client funds are expected to be held in segregated accounts, a common practice among reputable brokers. This segregation protects clients' funds in the event of financial difficulties faced by the broker. However, details regarding participation in investor compensation schemes were not explicitly mentioned.

The broker follows KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, which are essential for maintaining the integrity of the financial system. These measures help prevent fraud and ensure that the broker operates within legal frameworks.

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3. Trading Products and Services

Ambry offers a variety of trading products, primarily focusing on forex currency pairs. The broker provides access to a range of major, minor, and exotic currency pairs, catering to diverse trading strategies. Additionally, Ambry includes CFDs on various assets such as indices, commodities, stocks, and cryptocurrencies, allowing traders to diversify their portfolios.

The frequency of product updates and the introduction of new trading instruments are not explicitly detailed in the available sources, but the broker aims to keep its offerings competitive and in line with market trends. Retail trading services are complemented by institutional services, although specific details regarding institutional offerings were not provided.

Ambry does not appear to offer white label solutions or asset management services, focusing primarily on direct trading for retail clients.

4. Trading Platforms and Technology

Ambry supports the widely used MetaTrader 4 (MT4) platform, which is favored for its user-friendly interface and robust trading capabilities. The broker also provides a mobile application compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

While there is no mention of a proprietary trading platform, Ambry's use of established platforms like MT4 ensures that traders have access to advanced features such as automated trading, technical analysis tools, and a variety of order types. The execution model employed by Ambry is not explicitly stated, but it is common for brokers to use either ECN (Electronic Communication Network) or STP (Straight Through Processing) models to facilitate trades.

Ambry's technical infrastructure, including server locations and API access for automated trading, was not detailed in the sources, indicating a potential area for further exploration.

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5. Account Types and Trading Conditions

Ambry offers standard account conditions, although specifics regarding minimum deposit amounts, spreads, and commissions were not clearly outlined. Traders may find various account types, including advanced accounts for VIP or professional traders, although detailed information on these types was not provided.

The availability of special accounts, such as Islamic accounts or corporate accounts, was not mentioned in the sources. Ambry does offer a demo account policy, allowing traders to practice without risking real funds.

Leverage options vary by product, although exact ratios were not specified. The minimum trade size and overnight fee policies were also not detailed, leaving some aspects of trading conditions unclear.

6. Fund Management

Ambry supports multiple deposit methods, including bank transfers and credit cards, although specific details regarding supported e-wallets were not provided. The minimum deposit requirements vary by account type but were not explicitly stated.

Deposit processing times are generally quick, but exact timelines were not mentioned. Information regarding deposit fees was also absent, indicating a need for potential clients to inquire directly with the broker for clarity.

Withdrawal methods and restrictions were not clearly outlined, and processing times can vary depending on the method used. The fee structure for withdrawals was not specified, which is crucial for traders to understand before engaging with the broker.

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7. Customer Support and Educational Resources

Ambry provides customer support through various channels, including phone, email, and online chat. However, specific details regarding service hours and time zone coverage were not mentioned, which could impact traders needing timely assistance.

The broker supports English as its primary language, but there is no indication of additional language support. Ambry offers educational resources, including webinars, tutorials, and e-books, although the extent and variety of these materials were not detailed.

Market analysis services, such as daily analyses, news updates, and research reports, were not explicitly mentioned, which could be beneficial for traders looking for insights into market trends. Trading tools, including calculators and signal services, were also not discussed.

8. Regional Coverage and Restrictions

Ambry primarily serves clients in the forex trading market, although specific details regarding regional offices or operational jurisdictions were not provided. The broker may have limitations on accepting clients from certain countries, but the exact list of restricted regions was not available in the sources.

Overall, Ambry's operational scope appears to be focused on specific markets, and potential clients should verify their eligibility based on their location before attempting to open an account.

In conclusion, while Ambry broker offers a range of services and products, potential clients should conduct thorough research and directly contact the broker for detailed information regarding trading conditions, regulatory compliance, and available support.