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AK Global Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://akglobalmarkets.com/open_Live_account/en, about the company's legal and temporary regulatory information, the company's address .

AK Global Markets Forex Broker

Basic Information

Registered Region

Cayman Islands

Operating Period

Company Name

AK Global Markets Ltd.

Abbreviation

AK Global Markets

Company employee

Customer Service Email Address

support@akglobalmarkets.com

Contact Number

18882004278

Company Website

https://akglobalmarkets.com/fx/en

Facebook

https://www.facebook.com/akglobalm

https://twitter.com/akglobalmarkets

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Abstract： AK Global Markets, founded in 2020 and headquartered in the Cayman Islands, operates as an unregulated brokerage offering a diverse array of trading instruments, including currency pairs, commodities, cryptocurrencies, indices, and stocks. Despite its lack of regulatory oversight, the brokerage offers two distinct account types: a Standard Account for general traders and a Premium Account designed for high-volume professional traders. AK Global Markets uses its proprietary VetaTrader platform alongside web-based and mobile trading options, and provides customer support via phone and email. However, the unregulated status significantly raises the risk profile of engaging with this broker. AK Global Markets Basic Information Company Name AK Global Markets Founded 2020 Headquarters Cayman Islands Regulations None Tradable Assets Currency pairs, commodities, cryptocurrencies, indices, stocks Account Types Standard, Premium Minimum Deposit $500 for Standard, $500,000 for Premium Maximum Leverage 1:100 for Standard, 1:500 for Premium Spreads Not specified Commission Starts at 3% Deposit Methods Credit/debit cards, bank wire transfers Trading Platforms VetaTrader, web-based, mobile platforms Customer Support Phone: 18882004278/+13024988325, Email: support@akglobalmarkets.com Education Resources Not specified Bonus Offerings Not specified Overview of AK Global Markets AK Global Markets, established in 2020 and headquartered in the Cayman Islands, is an unregulated brokerage offering a diverse range of trading instruments including currencies, commodities, cryptocurrencies, indices, and stocks. It provides trading services via the proprietary VetaTrader platform along with web-based and mobile options, catering to both novice and experienced traders with its Standard and Premium accounts. While the platform offers several advanced trading features and supports various deposit and withdrawal methods, the absence of regulatory oversight poses significant risks, making it crucial for potential traders to approach with caution and fully assess the implications of trading with an unregulated entity. Is AK Global Markets Legit？ AK Global Markets is not regulated by any recognized financial regulatory body. This means it does not adhere to the specific rules, standards, and protections that govern regulated financial entities, which can raise concerns about the security of funds and the overall transparency of its operations for traders and investors. Engaging with an unregulated firm like AK Global Markets typically carries a higher risk, and it's crucial to be aware of these potential risks before initiating any trading activities. Pros and Cons AK Global Markets, operating from the Cayman Islands since 2020, presents itself as a comprehensive trading platform with a broad spectrum of tradable assets, which appeals to traders looking for variety in markets including forex, commodities, cryptocurrencies, indices, and stocks. The platforms proprietary VetaTrader, alongside web and mobile trading capabilities, offers advanced features designed to enhance the trading experience. Additionally, the firm provides accessible customer support to assist traders. However, its lack of regulation is a significant drawback, introducing potential risks associated with non-regulation such as less financial protection and transparency. This uncertainty, combined with unclear information about fees and spreads, could deter potential clients seeking a secure and predictable trading environment. Pros Cons Offers a range of tradable assets Unregulated Advanced trading platform (VetaTrader) Unclear on fees and spreads Accessible customer support High risks associated with non-regulation Trading Instruments AK Global Markets offers a range of trading instruments that include currency pairs, commodities, cryptocurrencies, indices, and stocks. However, the specific details regarding the number of instruments available in each category are not disclosed on their website, leaving the exact scope and diversity of their asset portfolio unclear. Here is a comparison table of trading instruments offered by different brokers: Broker Forex Metals Crypto CFD Indexes Stocks ETFs AK Global Markets Yes Yes Yes No Yes Yes No AMarkets Yes Yes No Yes Yes Yes No Tickmill Yes Yes Yes Yes Yes Yes No EXNESS Group Yes Yes Yes Yes Yes Yes No Account Types AK Global Markets offers two types of trading accounts: 1. Standard Account: Suitable for both beginners and experienced traders, with a minimum deposit of $500. This account provides leverage up to 1:100. The specifics regarding spreads are not disclosed, and commissions start at 3% or possibly higher. 2. Premium Account: Tailored for professional clients capable of meeting the high deposit requirement of $500,000 or a trading volume exceeding $500 million USD per month. Premium account holders enjoy benefits such as one-on-one sessions with senior traders, complimentary training courses, briefings with the Chief Market Strategist, and lower commission fees set at 3%. The details on spreads for this account are also not provided. Both accounts lack clear information on spreads and precise commission rates, which could affect the decision-making process for potential clients. Leverage AK Global Markets offers leverage of up to 1:100 for Standard account holders and up to 1:500 for Premium account clients. Here is a comparison table of maximum leverage offered by different brokers: Broker AK Global Markets eToro XM RoboForex Maximum Leverage 1:1000 1:400 1:888 1:2000 Spreads and Commissions AK Global Markets structures its trading costs around spreads, swaps, commissions, and fees for dormant accounts. The website indicates a minimum commission rate of 3%, which applies to Premium accounts; this rate may be higher for Standard accounts or potentially discounted for Premium accounts. Swaps are charged on positions held overnight, with triple swap fees applied on Wednesdays. Specific swap rates can only be viewed directly on the trading platform. Additionally, accounts that remain inactive for six months are subject to a monthly fee of 10% of the available balance. Deposit & Withdraw Methods AK Global Markets provides deposits and withdrawals primarily via credit/debit cards and bank wire transfers. The minimum deposit is $500 for a Standard account and $500,000 for a Premium account, with card deposits capped at $10,000 monthly. Deposits are free of charge, while withdrawal methods must match the deposit methods and currency, and are subject to undisclosed handling fees. The minimum bank wire withdrawal is $3,000, and withdrawals typically take up to 5 business days to process, with an additional 10 days possible for funds to reach accounts. Trading Platforms AK Global Markets offers its proprietary VetaTrader platform, which can be downloaded for desktop use. The firm also provides web-based and mobile trading platforms. VetaTrader is distinct from the well-known MetaTrader platform and boasts features such as compatibility with running alongside other programs, support for one-click trades, limit orders, and customizable options for personal trading preferences. Customer Support AK Global Markets provides customer support through their phone line at 18882004278/+13024988325 and via email at support@akglobalmarkets.com. Conclusion AK Global Markets offers innovative trading solutions with its VetaTrader platform and a range of tradable assets, catering to both general and high-volume traders through its tiered account system. However, the lack of regulation and transparency regarding fees and operational specifics presents considerable risks that potential clients must weigh carefully. While the technology and customer support may appear robust, the uncertainties tied to its unregulated status could deter those seeking a more secure and transparent trading environment. FAQs Q: Is AK Global Markets regulated？ A: No, AK Global Markets is not regulated by any recognized financial regulatory authority. This means there is no official oversight ensuring compliance with industry standards or protecting client funds and interests. Q: What types of assets can I trade with AK Global Markets？ A: AK Global Markets allows trading in a variety of asset classes, including forex, commodities, cryptocurrencies, indices, and stocks. Q: What platforms does AK Global Markets offer for trading？ A: AK Global Markets provides the VetaTrader platform, along with web and mobile trading options. Q: What is the minimum deposit required at AK Global Markets？ A: The minimum deposit is $500 for a Standard account and $500,000 for a Premium account. Q: How can I contact AK Global Markets for support？ A: You can reach their customer support via phone at 18882004278 or email at support@akglobalmarkets.com. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

AK Global Markets broker review

Is AK Global Markets safe or scam

Rating Index

RC Bankers Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Royal Chartered Bankers, commonly referred to as RC Bankers, was established in 2020. The company is headquartered in Bonovo Road, Fomboni, Island of Moheli, Comoros Union. It operates as a private entity and primarily serves clients in the Middle East region, offering a range of trading services to both retail and institutional clients.

　　Since its inception, RC Bankers has aimed to position itself as a prominent player in the forex trading market. The broker claims to provide access to a wide array of trading instruments, including forex pairs, commodities, and contracts for difference (CFDs). Despite its claims of being an "established and trusted broker," the lack of regulation raises concerns about its legitimacy and operational practices.

　　RC Bankers operates under the umbrella of Royal Chartered Bankers Ltd, which has been positioned to cater to a diverse clientele seeking investment opportunities. The brokers business model focuses on retail forex trading, providing platforms for individual traders to engage in the forex market.

2. Regulatory and Compliance Information

　　RC Bankers is currently unregulated, which is a significant concern for potential investors. The broker claims to be registered in multiple jurisdictions, including Comoros Union, Kuwait, Turkey, St. Vincent, British Virgin Islands, Bulgaria, and Cyprus. However, it does not hold any valid licenses from major regulatory authorities such as the FCA (Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), or CySEC (Cyprus Securities and Exchange Commission).

　　The absence of regulation means that clients' funds are not protected under any compensation schemes, and there are no segregated accounts to safeguard client deposits. Furthermore, RC Bankers does not provide negative balance protection, which could expose traders to significant financial risks.

　　The broker claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, yet the effectiveness of these policies cannot be verified due to the lack of regulatory oversight. The absence of a solid regulatory framework raises red flags regarding the safety and security of client funds, making it essential for potential investors to exercise caution.

3. Trading Products and Services

　　RC Bankers offers a diverse range of trading products, catering primarily to forex traders. The broker claims to provide access to over 80 forex currency pairs, including major, minor, and exotic pairs. Additionally, it offers CFD trading on various asset classes, including:

Indices
Commodities (such as gold, silver, and oil)
Stocks (CFDs on shares)

　　Despite these offerings, the specifics regarding the frequency of product updates or the introduction of new trading instruments remain unclear, as the broker does not provide detailed information on this aspect.

　　RC Bankers caters to both retail and institutional clients, providing services that include trading accounts, managed accounts, and potentially white-label solutions for institutional partners. However, the lack of clarity regarding the availability of these services and their terms may deter potential clients from engaging with the broker.

4. Trading Platform and Technology

　　RC Bankers utilizes the widely recognized MetaTrader 5 (MT5) trading platform, which is available in desktop, mobile, and web versions. This platform is favored for its advanced trading tools, including algorithmic trading capabilities and access to a robust trading community.

　　The broker does not offer a proprietary trading platform, which may limit its appeal to traders seeking unique trading experiences. The MT5 platform supports various trading strategies, but the lack of a demo account option on the RC Bankers site raises concerns about the broker's transparency and user-friendliness.

　　The execution model adopted by RC Bankers is not explicitly stated, leaving potential clients uncertain about whether it operates as an ECN (Electronic Communication Network), STP (Straight Through Processing), or Market Maker. Furthermore, details regarding server locations and technical infrastructure are not provided, which can impact the trading experience and execution speed.

5. Account Types and Trading Conditions

　　RC Bankers offers several types of trading accounts, each with varying minimum deposit requirements and trading conditions. The account types include:

Royal Account: Minimum deposit of $100
Pro Account: Minimum deposit of $1,000
Elite Account: Minimum deposit of $5,000
Robo Account: Minimum deposit of $1,000
Corporate Account: Minimum deposit of $20,000

　　The broker provides leverage of up to 1:200, which is significantly higher than the leverage limits set by regulators in regions such as the European Union or the UK, where it is capped at 1:30. This high leverage can pose substantial risks, particularly for inexperienced traders.

　　The minimum trade size and overnight fees are not clearly outlined, which can complicate the decision-making process for potential clients. Additionally, RC Bankers has been known to offer promotional incentives, such as bonuses for referrals, which are typically not seen with reputable brokers.

6. Fund Management

　　RC Bankers supports various deposit methods, including bank transfers, credit cards, and e-wallets like Neteller, Skrill, and Perfect Money. The minimum deposit requirement varies by account type, starting from $100 for the Royal Account.

　　The processing time for deposits is generally instant for credit card transactions, while bank transfers may take 2-5 working days. However, specific details regarding deposit fees are not provided, leaving potential clients in the dark about the total costs involved.

　　Withdrawal options mirror the deposit methods, but the processing times and any associated fees remain vague. Clients may face challenges when attempting to withdraw funds, particularly if the broker imposes additional conditions or fees that are not transparently communicated.

7. Customer Support and Educational Resources

　　RC Bankers provides customer support through various channels, including phone, email, and online chat. The broker claims to operate within specific service hours, but exact time zones and availability are not detailed.

　　Support is available in multiple languages, catering to a diverse client base. However, the quality and responsiveness of customer service have not been independently verified, raising concerns about the overall customer experience.

　　Educational resources offered by RC Bankers include webinars, tutorials, and market analysis. These resources are essential for traders looking to enhance their knowledge and trading skills. However, the depth and quality of these materials are unclear, which could affect the learning experience for clients.

8. Regional Coverage and Restrictions

　　RC Bankers primarily serves clients in the Middle East region, with its headquarters located in Kuwait. However, the broker does not clearly outline its regional office distribution, which may limit accessibility for some traders.

　　Certain countries may be restricted from accessing RC Bankers' services, although specific details regarding these restrictions are not disclosed. Traders are advised to check the broker's terms of service to ensure compliance with local laws and regulations.

　　In conclusion, while RC Bankers presents itself as a forex broker with a range of offerings, the lack of regulation and transparency poses significant risks for potential investors. It is crucial for traders to conduct thorough research and consider safer, regulated alternatives before engaging with RC Bankers.

　　This guide aims to provide a comprehensive overview of RC Bankers, highlighting key aspects of its operations, services, and potential concerns for investors.

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