AchieversWorldFX Forex Broker

Achievers World FX Broker - Complete Information Guide

1. Broker Overview

　　Achievers World FX, established on February 24, 2022, operates as an unregulated investment platform based in Athens, Greece. The firm is privately held and has not disclosed any public listing. The primary market for Achievers World FX includes retail investors looking for opportunities in foreign exchange trading and related financial products.

　　Since its inception, Achievers World FX has aimed to attract clients with promises of high returns on investments, often advertising various trading packages. However, it has faced significant scrutiny due to its lack of regulatory oversight and numerous negative reviews, suggesting that it may be operating as a scam.

　　The broker positions itself as an investment platform that offers trading in traditional markets such as diamonds, metals, crude oil, and forex. However, the absence of regulatory approval raises concerns regarding its legitimacy and the safety of client funds.

　　The business model of Achievers World FX appears to focus on retail forex trading, but it lacks the necessary transparency and regulatory framework that typically assures investors of their safety and security.

　　Achievers World FX broker aims to provide various investment packages, but potential investors should exercise extreme caution due to the red flags associated with its operations.

2. Regulatory and Compliance Information

　　Achievers World FX operates without any regulatory oversight, which is a significant red flag for potential investors. The broker has not obtained licenses from major regulatory authorities, such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).

　　The Alberta Securities Commission has issued warnings regarding Achievers World FX, indicating that the broker is not registered to trade in or advise on securities or derivatives in Alberta. This lack of registration means that there are no assurances of investor protection for clients engaging with this platform.

　　Key points regarding regulatory compliance include:

• Regulatory Status: Unregulated
• Warning Issued By: Alberta Securities Commission
• Client Fund Protection: No segregation of client funds is guaranteed.
• Investor Compensation Scheme Participation: None
• KYC and AML Compliance: The broker's policies on Know Your Customer (KYC) and Anti-Money Laundering (AML) practices are unclear, raising concerns about the security of client data and funds.

　　The absence of a robust regulatory framework makes trading with Achievers World FX risky and potentially exposes investors to significant financial loss.

3. Trading Products and Services

　　Achievers World FX claims to offer a range of trading products, primarily focusing on foreign exchange (forex) trading. However, the specific details regarding the number of currency pairs available and the types of contracts for difference (CFDs) offered are not clearly outlined.

• Forex Currency Pairs: The broker provides a selection of forex pairs, but the exact number and major pairs offered are not specified.
• CFD Product Categories: Achievers World FX reportedly offers CFDs on indices, commodities, stocks, and cryptocurrencies. However, the lack of transparency regarding these products raises concerns.
• Unique Trading Products: There are no indications of unique or proprietary trading products that distinguish Achievers World FX from other brokers.
• Product Updates: Information regarding the frequency of product updates or the introduction of new trading instruments is not available.
• Retail Trading Services: The broker primarily targets retail investors, but the specifics of its trading services remain vague.
• Institutional Client Services: There is no mention of services tailored for institutional clients.
• White Label Solutions: No information is available regarding any white label solutions provided by Achievers World FX.
• Asset Management Services: The broker does not appear to offer asset management services.

　　Due to the lack of clear information and the unregulated status of Achievers World FX, potential investors should approach its trading products with caution.

4. Trading Platform and Technology

　　Achievers World FX provides access to trading through popular platforms, but the specifics regarding the platforms supported and their functionalities are limited.

• MetaTrader 4/5 Support: It is unclear whether Achievers World FX offers support for MetaTrader 4 or MetaTrader 5, which are widely recognized trading platforms in the industry.
• Proprietary Platform Details: There is no information available regarding any proprietary trading platform developed by the broker.
• Web-Based Trading Platform: The existence of a web-based trading platform is not confirmed.
• Mobile Applications: There is no mention of mobile applications for iOS or Android devices.
• Execution Models: The broker's execution model is not clearly defined, making it difficult for potential clients to understand how their trades will be executed.
• Server Locations and Infrastructure: Details about the server locations and the technological infrastructure supporting the platform are not provided.
• API Access and Automated Trading Support: There is no information available regarding API access or support for automated trading.

　　The lack of transparency regarding the trading platform and technology used by Achievers World FX raises concerns about the overall trading experience and reliability of the broker.

5. Account Types and Trading Conditions

　　Achievers World FX offers various account types, but specific details regarding the conditions for each account type are limited.

• Standard Account Conditions: Information about minimum deposits, spreads, and commissions for standard accounts is not disclosed.
• Advanced Account Types: There is no mention of VIP or professional accounts.
• Special Accounts: The availability of Islamic accounts or corporate accounts is not specified.
• Demo Account Policy: Details about a demo account for practice trading are unclear.
• Leverage Ratios: The leverage offered on different products is not mentioned.
• Minimum Trade Size: The minimum trade size or lot size is not specified.
• Overnight Fees Policy: Information regarding overnight fees or swap rates is not available.

　　The lack of clarity regarding account types and trading conditions further emphasizes the need for caution when considering the services of Achievers World FX.

6. Fund Management

　　Achievers World FX provides limited information regarding fund management and deposit/withdrawal processes.

• Supported Deposit Methods: The broker reportedly supports various deposit methods, including bank transfers, credit cards, and e-wallets, but specific details are not provided.
• Minimum Deposit Requirements: The minimum deposit requirements for different account types are not disclosed.
• Deposit Processing Times: Information regarding the processing times for deposits is unclear.
• Deposit Fees: There is no information available about any fees associated with deposits.
• Withdrawal Methods and Restrictions: Details about withdrawal methods and any restrictions on withdrawals are not specified.
• Withdrawal Processing Times: The time it takes to process withdrawals is not mentioned.
• Withdrawal Fees Structure: The fee structure for withdrawals is not provided.

　　Due to the lack of clear information on fund management, potential clients should be cautious and consider the risks involved.

7. Customer Support and Educational Resources

　　Achievers World FX offers limited customer support and educational resources, which may impact the overall trading experience for clients.

• Support Channels: The broker provides support through phone, email, and possibly online chat, but specific details are not available.
• Service Hours and Time Zone Coverage: Information regarding the operating hours and time zone coverage for customer support is not disclosed.
• Multilingual Support: The languages supported by Achievers World FX are not specified.
• Educational Resource Types: The availability of educational resources, such as webinars, tutorials, or e-books, is unclear.
• Market Analysis Services: There is no mention of daily market analysis, news, or research reports provided to clients.
• Trading Tools: Information regarding trading tools, such as calculators, calendars, or signal services, is not available.

　　The lack of robust customer support and educational resources may hinder the trading experience for clients of Achievers World FX.

8. Regional Coverage and Restrictions

　　Achievers World FX appears to have a global reach, but specific details regarding its service markets and restrictions are limited.

• Primary Service Markets: The broker seems to target investors from various regions, but the exact markets served are not specified.
• Regional Office Distribution: There is no information available regarding regional offices or branches.
• Countries/Regions Not Accepted: Specific countries or regions where clients are not accepted are not disclosed.
• Special Restrictions: Any special restrictions on trading or investment activities are not mentioned.

　　Given the lack of comprehensive information, potential investors should be cautious about engaging with Achievers World FX, especially considering its unregulated status.

　　In conclusion, while Achievers World FX presents itself as an investment opportunity, the significant red flags regarding its regulatory status, lack of transparency, and numerous complaints from users suggest a high risk for potential investors. As always, thorough due diligence and caution are essential when considering any investment platform, particularly one with such a concerning reputation.