Antrush Group foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crm.antrush.com/#/login, about the company's legal and temporary regulatory information, the company's address .
Antrush Group Forex Broker
Basic Information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Antrush Group Forex Broker - Comprehensive Information Guide
1. Broker Overview
Antrush Group, officially known as Antrush Group Pty Ltd, is a forex brokerage that has emerged in the trading industry. The company was established in 2022, operating under the premise of providing forex trading services. Although Antrush Group claims to have its headquarters in Australia, specific details regarding its physical office locations are not disclosed. The company appears to be privately owned, lacking the transparency typically associated with publicly traded entities.
Antrush Group primarily serves retail forex traders, offering a platform for individuals looking to engage in currency trading. The broker claims to cater to a diverse clientele, including both novice and experienced traders. However, the companys rapid emergence in the market raises questions about its credibility and operational history, as there are no significant milestones or achievements documented since its inception.
The business model of Antrush Group revolves around retail forex trading, providing access to various currency pairs and other trading instruments. However, the legitimacy of its operations has been called into question due to the lack of regulatory oversight and negative feedback from users. This context is crucial for potential clients considering engaging with this broker.
2. Regulation and Compliance Information
Antrush Group operates in an unregulated environment, which raises significant concerns regarding its legitimacy. The broker claims to be regulated by various authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Crimes Enforcement Network (FinCEN) in the United States. However, multiple sources indicate that Antrush Group does not hold valid licenses from any recognized regulatory body.
The absence of regulatory oversight means that there are no investor protection measures in place. This lack of regulation exposes clients to potential risks, including the possibility of fraud and mismanagement of funds. Furthermore, Antrush Group does not provide information about segregated client accounts or participation in any investor compensation schemes, which are typically standard practices among reputable brokers.
Additionally, the broker's claims of compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations remain unverified. Without a regulatory framework, the enforcement of such measures is questionable, further complicating the safety of client investments.
3. Trading Products and Services
Antrush Group offers a range of trading products, primarily focusing on forex currency pairs. The broker claims to provide access to a variety of major and minor currency pairs, catering to the diverse trading strategies of its clients. However, the exact number of available currency pairs is not specified, leaving potential traders in the dark regarding their options.
In addition to forex trading, Antrush Group lists Contracts for Difference (CFDs) on commodities, cryptocurrencies, and indices. The inclusion of cryptocurrencies, such as Bitcoin and Ethereum, aligns with current market trends; however, the broker does not offer shares or indices, which may limit trading opportunities for some clients.
The frequency of product updates and the introduction of new trading instruments remain unclear, as Antrush Group does not provide detailed information on these aspects. The broker claims to offer retail trading services, but there is no mention of institutional services or white-label solutions, which are often sought after by more advanced traders.
4. Trading Platforms and Technology
Antrush Group supports the widely recognized MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. This platform is favored by many traders for its reliability and extensive range of tools, including expert advisors and algorithmic trading capabilities. However, the broker does not provide a proprietary trading platform, which may be a drawback for those seeking unique features.
The availability of a web-based trading platform is not specified, and potential clients may need to rely on the MT5 application for their trading activities. Antrush Group claims to offer mobile applications for both iOS and Android devices, allowing traders to manage their accounts on the go.
Regarding execution models, the broker does not clearly state whether it operates on an ECN, STP, or market-making basis. This lack of transparency can lead to uncertainty about the quality of trade execution and the potential for slippage or requotes. Additionally, details about server locations and technological infrastructure are not disclosed, which are critical factors for ensuring fast and reliable trade execution.
5. Account Types and Trading Conditions
Antrush Group requires a minimum deposit of $500 to open an account, which is relatively high compared to many legitimate forex brokers that offer lower entry points. The broker does not provide specific details about different account types or their respective trading conditions, making it difficult for potential clients to understand what they might be signing up for.
The standard trading conditions, such as spreads and commissions, are not clearly outlined, which is a significant concern for traders who rely on transparent pricing structures. While Antrush Group claims to offer competitive spreads starting from 0.4 pips, the lack of detailed information raises skepticism about these claims.
The broker does not offer specialized accounts, such as Islamic accounts or corporate accounts, which may limit its appeal to specific client segments. Furthermore, there is no mention of a demo account, which is typically a valuable resource for traders looking to practice their strategies without risking real capital.
Leverage offered by Antrush Group is reported to be as high as 1:500. While high leverage can amplify potential profits, it also significantly increases the risk of substantial losses, particularly for inexperienced traders. The minimum trade size and overnight fees are also unspecified, adding to the uncertainty surrounding the trading conditions provided by this broker.
6. Fund Management
Antrush Group exclusively accepts deposits and withdrawals in cryptocurrencies, which may pose challenges for traders unfamiliar with digital currencies. Traditional payment methods, such as bank transfers, credit cards, or e-wallets, are not supported, limiting the options available for funding accounts.
The minimum deposit requirement is set at $500, which is notably higher than many competitors in the market. The processing times for deposits are not disclosed, leaving clients uncertain about how quickly they can start trading after funding their accounts. Additionally, there is no information regarding any deposit fees that may apply.
Withdrawal methods are restricted to the same cryptocurrency options used for deposits, and clients have reported difficulties in withdrawing their funds. The processing times for withdrawals are also unclear, which is a significant red flag for potential investors. Antrush Group's lack of transparency regarding withdrawal fees and restrictions further complicates the financial management aspect for its clients.
7. Customer Support and Educational Resources
Antrush Group provides limited customer support options, primarily through email communication. There is no phone support or live chat available, which can hinder timely assistance for clients facing urgent issues. The absence of a physical address for the company raises further concerns about its legitimacy and accountability.
The broker claims to offer support in multiple languages; however, specific languages supported are not listed. The lack of comprehensive customer service channels can be a deterrent for traders seeking reliable support.
In terms of educational resources, Antrush Group does not appear to provide substantial materials such as webinars, tutorials, or eBooks. The absence of market analysis services, including daily reports and news updates, limits the ability of traders to make informed decisions based on current market conditions. Furthermore, the lack of trading tools, such as calculators and economic calendars, further diminishes the overall trading experience.
8. Regional Coverage and Restrictions
Antrush Group primarily targets markets in Australia, Canada, and the United States, claiming to serve clients in these regions. However, the broker does not specify the exact distribution of its regional offices, which can lead to confusion about its operational footprint.
Despite its claims of a broad market reach, Antrush Group does not accept clients from several countries, particularly those with stringent regulatory frameworks. Specific countries where client acceptance is restricted are not disclosed, which may pose challenges for potential traders from those regions.
Overall, the lack of transparency regarding regional coverage and operational limitations raises concerns about the broker's commitment to compliance with international trading standards.
In conclusion, while Antrush Group presents itself as a forex broker with a variety of offerings, the lack of regulation, transparency, and customer support raises significant concerns for potential clients. It is essential for traders to conduct thorough research and consider the risks associated with engaging with an unregulated broker like Antrush Group.
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Latest Reviews
FX1393819447
Brazil
You invest and then fail to withdraw funds.
Exposure
2023-04-30
Vincent Chuah (念今心)
United States
Too bad the company's website is down and I saw a victim expose their scam. Hope the scammers are brought to justice soon!
37130
2023-02-22
FX2490808746
Hong Kong
It's a scam ring, registered in Hong Kong as Antrush Group Limited, with Zhou Shuliang as the director, passport number EG3618524, registered address: Room 403-1B, Rongsheng Chuangtou Building, Bagualing, Futian District. The company did not undergo annual inspections in 2023 and 2024. In March 2022, a website claiming to be Antrush's forex trading platform listed its Hong Kong company Antrush Group Limited, with Zhou Shuliang as the director and the same passport number and address. A caller from the US contacted me online, guided me to install Coinbase and MT5 software, and led me into Bitcoin forex speculation. After a month of trading, I invested over $300,000 USD and made profits up to $1 million USD. When I tried to withdraw funds, it was denied, and I realized it was a scam. In late February 2022, a Chinese woman named Tan Meijing (WeChat ID Tmj_890922), phone +15593829112 (a Google virtual phone number possibly born on September 22, 1989), contacted me under the pretext of buying an RV and recommended currency trading. She claimed her uncle had insider information and guided me to install Coinbase and MT5 software. After initially contacting via phone, we switched to WeChat; two days later she claimed WeChat was broken and switched to LINE. Under the demonstration of high profits, she led me into investing in currency speculation through cryptocurrency investments totaling over $300,000 USD. My attempts to withdraw funds were denied before I realized it was a scam. After being scammed, I discovered that this is a fraudulent company; its supposed registration in Australia was fake because I don't understand English well enough to verify clearly. The company has no records of Australian regulation nor passed US regulation; it's only registered in Hong Kong. After realizing the scam in late March 2022, I filed an online report through the US IC3 system. After returning to Hong Kong in November 2022, I also filed a report there. Their trading website is CRM.ANTRUSH.COM; they trade using MT5 software with investments made through cryptocurrency. By October 2022, this fraudulent website was shut down and could no longer be accessed normally. Their website contact email is abuse@name.com. Through my investigations, funds were transferred into this site via Bitcoin; withdrawals had to be arranged with the site administrator via Bitcoin transfer. There should be records of other victims on this website; the site administrator controls a large amount of defrauded funds stored as virtual currency.
Exposure
02-11