Athenaplace foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.athenaplacefx.com/zh-cn/, about the company's legal and temporary regulatory information, the company's address FLAT 1512.15/F.LUCKY CENTRE NO.165-171 WAN CHAI ROAD，WAN CHAI, HONG KONG.
Athenaplace Forex Broker
Basic Information
Hong Kong
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential risk
Athenaplace Forex Broker - Comprehensive Information Guide
1. Broker Overview
Athenaplace, officially known as Athenaplace Finance Ltd, is a forex broker that has been operational for approximately 2 to 5 years. The company is registered in Hong Kong, with its main office located at Flat 1512, 15/F, Lucky Centre, No. 165-171 Wan Chai Road, Wanchai, Hong Kong. Athenaplace operates as a private entity, and it primarily caters to retail forex traders, offering a variety of trading products and services.
The company claims to provide access to a range of financial markets, including forex, CFDs on indices, commodities, and cryptocurrencies. However, the specifics of its service offerings remain somewhat ambiguous due to limited accessible information. The development of Athenaplace has been marked by its establishment as an offshore brokerage, which raises concerns regarding its legitimacy and operational practices.
Despite the claims of being a reliable trading platform, Athenaplace has faced scrutiny due to its lack of regulation, leading to a significant number of negative reviews from users. Traders have reported various issues, including difficulties in withdrawing funds. As such, it is crucial for potential clients to conduct thorough research before engaging with the Athenaplace broker.
2. Regulation and Compliance Information
Athenaplace Finance Ltd operates without any valid regulatory oversight. It is not registered with any recognized financial authority, including the Financial Conduct Authority (FCA) in the UK or the Hong Kong Securities and Futures Commission (SFC). This lack of regulation is a significant red flag, as it means that the brokerage does not adhere to any legal standards that ensure the safety and security of client funds.
- Regulatory Status: No valid regulatory information.
- Regulatory Agencies: FCA, SFC (no registration found).
- Customer Fund Protection: There are no measures in place for client fund segregation or investor compensation schemes.
- Compliance Measures: There is no publicly available information regarding KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance processes.
Given the absence of regulatory oversight, clients should be aware that their investments with the Athenaplace broker may not be protected by any legal framework, increasing the risk of potential financial loss.
3. Trading Products and Services
Athenaplace offers a variety of trading products, although specific details are scarce due to the inaccessibility of its official website. The broker claims to provide access to:
- Forex Pairs: Over 50 different forex pairs are available for trading.
- CFDs: The broker includes indices, commodities, and cryptocurrencies in its product lineup.
- Unique Trading Offerings: Athenaplace has not disclosed any unique or proprietary trading products.
- Product Updates: Information regarding the frequency of product updates or the introduction of new trading instruments is not available.
The broker primarily targets retail clients, offering services that may not be as robust for institutional clients, as there is no mention of white-label solutions or asset management services.
4. Trading Platforms and Technology
Athenaplace provides its traders with access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are widely recognized in the trading community for their user-friendly interface and comprehensive analytical tools. However, traders have reported issues such as slow execution times and frequent crashes on the platform, which could significantly impact trading efficiency.
- Proprietary Platform: There is no indication that Athenaplace offers a proprietary trading platform.
- Web-Based Trading: Details about a web-based trading platform are not available.
- Mobile Applications: Information regarding mobile app support for iOS and Android is not disclosed.
- Execution Model: The specific execution model (ECN, STP, Market Making) used by Athenaplace is unclear.
- Server Infrastructure: There is no information regarding server locations or technical infrastructure.
- API and Automation Support: The availability of API access and support for automated trading is not mentioned.
Due to the reported performance issues and lack of clarity surrounding its technology, potential traders should approach the Athenaplace broker with caution.
5. Account Types and Trading Conditions
Athenaplace offers various account types, although detailed information is limited. The following conditions are generally applicable:
- Standard Account Conditions: Minimum deposit requirements, spreads, and commissions are not explicitly stated.
- Advanced Account Types: There is no mention of VIP or professional account types.
- Special Accounts: Information regarding Islamic accounts or corporate accounts is not provided.
- Demo Account Policy: Details about the availability of demo accounts are not specified.
- Leverage Ratios: The leverage offered by Athenaplace is not disclosed, which is critical information for traders.
- Minimum Trade Size: The minimum trade size is not specified.
- Overnight Fees: Information regarding overnight fees or swap rates is not available.
The lack of transparency regarding account types and trading conditions raises concerns for potential clients considering the Athenaplace broker.
6. Fund Management
Athenaplace provides limited information regarding its fund management practices. The following points summarize the available details:
- Deposit Methods: Accepted deposit methods are not clearly outlined, but typically, brokers may offer options such as bank transfers, credit cards, and e-wallets.
- Minimum Deposit Requirements: The minimum deposit for different account types is unspecified.
- Deposit Processing Time: Information about the time it takes to process deposits is not available.
- Deposit Fees: There are no details regarding any fees associated with deposits.
- Withdrawal Methods and Restrictions: The withdrawal methods available and any associated limitations are not disclosed.
- Withdrawal Processing Time: There is no information on how long it takes to process withdrawals.
- Withdrawal Fee Structure: Details regarding withdrawal fees are absent.
Due to the lack of clarity surrounding fund management, traders may face challenges in accessing their funds, which has been a common complaint among users of the Athenaplace broker.
7. Customer Support and Educational Resources
Athenaplace provides limited customer support options, which may impact traders' overall experience. The following points summarize the available support and educational resources:
- Support Channels: Customers can contact Athenaplace through email, although no phone or live chat support options are mentioned.
- Service Hours: The operational hours and time zone coverage of customer support are not specified.
- Multilingual Support: The languages supported for customer service are not disclosed.
- Educational Resources: There is no information regarding the types of educational resources offered, such as webinars, tutorials, or eBooks.
- Market Analysis Services: Athenaplace has not provided details on market analysis services, including daily analysis, news, or research reports.
- Trading Tools: The availability of trading tools such as calculators, calendars, or signal services is not mentioned.
The limited availability of support and educational resources may hinder traders ability to make informed decisions, especially for those new to trading.
8. Regional Coverage and Restrictions
Athenaplace claims to serve clients in various regions, although specific details are limited. The following points summarize its regional coverage:
- Primary Markets Served: The broker primarily targets clients in the Asian market, specifically in Hong Kong.
- Regional Offices: There is no information available regarding the presence of regional offices outside Hong Kong.
- Countries/Regions Not Accepted: Specific countries or regions from which clients are not accepted have not been disclosed.
- Special Restrictions: There are no details on any special restrictions that may apply to trading activities or client onboarding.
Given the lack of transparency surrounding regional coverage, potential clients should verify whether Athenaplace can legally operate in their jurisdiction before engaging with the broker.
In conclusion, while Athenaplace presents itself as a forex broker offering a variety of trading products and services, the lack of regulation, transparency, and negative user feedback raises significant concerns. Potential traders are strongly advised to conduct thorough research and consider the risks associated with trading through the Athenaplace broker.
Athenaplace Similar Brokers
Latest Reviews
Judddddy
Taiwan
I met a Hong Kong boy on ig a while ago. I was defrauded of a lot of money because of my previous experience. He said that he can help me to earn it bcak. We earned some profit at the beginning and I actually withdraw it succesfully. He wants me to invest more and the money was invested, and the Binance account was also stolen. The other party disappeared from the world. The old withdrawal account cannot be used. At present, the new withdrawal account has not been approved. I just hope that the money can be withdrawn.
Exposure
2022-09-17
Joyce_
Taiwan
I mistakenly believed the words of netizens from IG and thought that I could have an additional income. After I made a deposit, I couldn’t withdraw the money. A total of 2.5 million Taiwan dollars was deposited. Now I just hope that there is a chance to recover it. A lot of money is borrowed. The current situation is full of debts.
Exposure
2022-09-16
sosobing
Malaysia
Honestly, my experience with Athenaplace has been a bit of a headache. Depositing money was easy enough, but when it came time to withdraw my funds, it was like pulling teeth. They kept giving me excuses and stalling, and it was beyond frustrating. I wouldn't recommend this broker if you're looking for a hassle-free withdrawal process.
37130
2023-03-29
潇&宝贝
Taiwan
Wow, it's really scary. This company's website can't be opened. I saw that many victims on wikifx said that this scammer actively reached out to victims through ig, which is commonly known as killing pigs! I didn't say that we should have a clear understanding of ourselves. Do those good-looking and rich people lack friends in real life? Do they need to go to ig to find strangers? Resist the temptation!
37130
2022-12-14
M1749
Taiwan
Because of mistrusting the recommendation of netizens, in order to receive the stored value reward, he was defrauded by the black platform Athenaplace of more than 2 million yuan. At the beginning, I met this netizen on IG. One day, I chatted with this netizen about investment. He mentioned that he was investing in international gold, and the income was not bad. He also invited me to join. After that, they taught me to download Binance, Athenaplace and MT5. Then take me to trade on Athenaplace, deposit funds through the online customer service staff of this platform, and then invest in MT5. Because I am completely unfamiliar with this field, whether it is the trading steps, data settings, and timing of entering and exiting the market, I follow the instructions of the other party. After the first small profit, there were applications for withdrawal, and indeed there were successful withdrawals, so there was no doubt in the follow-up. One day, this netizen asked me to ask the customer service. There is currently a deposit full reward event. The netizen suggested that I first participate in the $88,000 event to grab a spot. Because the threshold is too high, I was hesitant to participate. Later, netizens said that if it is really not enough, he can help some, and it is good to withdraw it and return it to him after reaching the standard. So I participated in the activity, and I applied for an extension because I could not reach it within the time limit. The platform said that I needed to pay a deposit of 10,000 US dollars (the netizens helped me pay) to continue the activity, and this deposit could not be counted in the deposit activity. In the end, I There was a shortfall of 7,000 US dollars, and netizens helped to make up for the event. The feedback was also deposited the next day, and two market transactions were made in the middle. Unexpectedly, the application for withdrawal on the evening of 8/22 kept waiting for review until noon on 8/22 when the review failed. Ask the customer service why the withdrawal was unsuccessful? It was said that my account was involved in third-party funds, which was a risk account and was suspected of money laundering. I was asked to add another $17,000 as a security deposit. It is not enough to ask the customer service if it can be deducted from the account. In short, the money is not given. In the end, he said that if I do not deal with it maliciously, I will be sued! I hope everyone will not be deceived again. Of course everyone wants to have the opportunity to make money, but this kind of malicious platform will really kill people, and I blame myself for being greedy!
Exposure
2022-08-28
abao
Taiwan
I met an unknown man on ig, first cared about your work, your mood, and asked money-related questions, said that you can take me for extra income, and even sent me a photo to make me believe that he can take out the follow-up fee smoothly when he first made a deposit. When I took it out, I kept asking for a margin. I tried to make me keep adding funds. Now it says that a private equity firm has entered the market to disrupt the market. I suspect that I am also an insider of the private equity firm. I have been asked to give a 20% margin of the withdrawal amount. can come back
Exposure
2022-09-17