Ambit Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ambitcap.com/, about the company's legal and temporary regulatory information, the company's address 41 Europaallee, Zürich 8004, Switzerland.
Ambit Capital, officially known as Ambit Capital Pvt. Ltd., was established in 2023 and is headquartered in Zürich, Switzerland. The company operates as a private entity, focusing primarily on retail forex trading and providing a range of financial services to individual and institutional clients. Ambit Capital aims to cater to a diverse clientele, including high net worth individuals, small and medium enterprises, and corporate clients.
The broker has positioned itself in the competitive landscape of the financial markets, offering various trading products and services. Despite being relatively new, Ambit Capital has made strides in establishing its presence in the forex market. However, it has faced significant scrutiny regarding its regulatory compliance and operational transparency.
Ambit Capital operates under a business model that includes retail forex trading, contract for difference (CFD) services, and asset management. The firm aims to provide tailored financial solutions to meet the diverse needs of its clients, leveraging its understanding of market dynamics and trading technologies.
Ambit Capital is currently not regulated by any major financial authority, which raises significant concerns regarding its legitimacy and the safety of client funds. The following regulatory bodies have issued warnings against the broker:
These warnings indicate that Ambit Capital lacks the necessary authorization to offer financial services in their respective jurisdictions. Consequently, clients of Ambit Capital are not afforded the protections typically associated with regulated brokers, such as segregated accounts and access to investor compensation funds.
The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is also questionable, as there is limited information available regarding its practices in these areas. The absence of regulatory oversight significantly increases the risk of fraud and mismanagement of investor funds.
Ambit Capital offers a variety of trading products, including:
The frequency of product updates and the introduction of new trading instruments appear to be limited, which may affect the trading experience for clients seeking diverse investment opportunities. The broker primarily focuses on retail trading services, with some offerings for institutional clients, although details on institutional services were not extensively covered.
Ambit Capital provides access to the MetaTrader 4 (MT4) platform, which is widely recognized in the trading community for its advanced features and user-friendly interface. In addition to MT4, the broker has developed its own proprietary trading platform, designed to facilitate efficient trade execution and portfolio management.
The broker offers a web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation. Furthermore, Ambit Capital has a mobile application available for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
Ambit Capital operates on a Market Making execution model, which may present conflicts of interest between the broker and its clients. The broker's server infrastructure is located in the United States, and the technology used for trading operations remains unspecified, raising concerns about the reliability and speed of trade executions.
Ambit Capital offers several account types, each with different conditions:
The trading conditions, including spreads and commissions, were not explicitly detailed in the sources, but the absence of a demo account option raises concerns for new traders looking to practice before committing real funds. The leverage offered varies across account types, with maximum leverage reaching up to 1:200 for certain accounts.
Ambit Capital supports a variety of deposit methods, including:
The minimum deposit requirement starts at $1,500 for the Basic Account. However, specific details regarding deposit processing times and any associated fees were not provided in the sources.
Withdrawal methods include bank transfers, e-wallets, and cryptocurrency, but the processing time for withdrawals is not clearly outlined. Reports suggest that clients have encountered issues with withdrawal requests, including delays and unresponsive customer service.
Ambit Capital does not appear to have a transparent fee structure for withdrawals, which is a significant red flag for potential investors. The lack of clarity regarding withdrawal policies may lead to frustrations for clients attempting to access their funds.
Ambit Capital offers customer support through various channels, including:
The service hours are from 7 AM to 7 PM (GMT +1), Monday to Friday. However, there are concerns regarding the responsiveness of the support team, especially during withdrawal requests.
The broker claims to provide educational resources, though specific types of materials such as webinars, tutorials, or e-books were not detailed in the sources. Market analysis services, including daily updates and research reports, are also mentioned but lack comprehensive information on their availability.
Trading tools such as calculators and economic calendars are available, but the depth and quality of these resources remain unclear.
Ambit Capital primarily serves clients in various regions, although specific details regarding its market coverage were not extensively covered in the sources. The broker appears to have a global reach, but it is essential to note that it does not accept clients from certain jurisdictions due to regulatory restrictions.
The broker's operational footprint includes its headquarters in Switzerland, but the absence of a clear regional office distribution may limit local support for clients in different countries. Additionally, the lack of regulatory compliance means that clients in heavily regulated jurisdictions should exercise extreme caution when considering engagement with Ambit Capital.
In summary, while Ambit Capital presents itself as a viable trading platform, the lack of regulatory oversight, potential withdrawal issues, and limited transparency raise significant concerns for potential investors. It is crucial for traders to conduct thorough research and consider regulated alternatives to safeguard their investments.
Anna 534
Australia
I had firstly registered with them for only $380 the article advised the host made $3000 in a week. In just a week dealing with the company they have taken $4971.52 from me. I have given my ID if you look into the company money was deposited into it's to apply for a vise or green card this could be identity scam also. They asked for $25,000 yesterday thats when I looked into the company these are the transaction Transaction Date Merchant Details Pending Amount 27 February 2024 ISI*USC MARKET PLACE GIVATAYIM ISR Yes $1,529.63 27 February 2024 ISI*USC MARKET PLACE GIVATAYIM ISR Yes $764.05 22 February 2024 NFTPAY.XYZ DELRAY BEACH FL No $380.65 23 February 2024 TRADERSCHOOL LONDON GBR No $765.58 23 February 2024 TRADERSCHOOL LONDON GBR No $1,531.16 I have advised my bank they are investigating to get my money back. They aren't even a regulated stock market brokers. My bank card has been cancelled and will need to cancel my driver's licence. I put in to withdraw my money back from the website and it's pending. They advised me that they will be using my money on the stock market and I couldn't touch it. Market manipulation is a type of white collar crime which involves intentionally increasing or decreasing the value of a financial product, including stocks, or influencing the behaviour of the market to do so. Section 1041A of the Corporations Act 2001 (Cth) prohibits market manipulation. they are selling and buy the stock at a higher price than the market
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tomas7918
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After several withdrawal attempts, they ask me to pay €4,600 in taxes, with a balance of €18,000. I want to withdraw €9,200 but they canceled it.
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