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Ankor Group Forex Broker - Complete Information Guide

1. Broker Overview

　　Ankor Group Investment Ltd, established in 2015, is a private limited company operating primarily in the financial services sector. The company is registered at 124 City Road, London, England, EC1V 2NX, and its operations are mainly based in Bulgaria. Ankor Group focuses on providing trading services in foreign exchange (forex) and other financial instruments, catering to a diverse clientele that includes both retail and institutional investors.

　　Over the years, Ankor Group has positioned itself in the market as a broker offering a variety of trading products. However, its growth has been marred by regulatory concerns, which have raised questions about its legitimacy and operational practices. The firm is often associated with its trading platform, Zurich Banc, which has been scrutinized for its lack of regulatory oversight.

　　The company operates in a business model that encompasses retail forex trading, offering clients access to various financial markets. Despite its claims of providing advanced trading facilities, the absence of a reliable regulatory framework has led to significant skepticism regarding its operations.

2. Regulatory and Compliance Information

　　Ankor Group Investment Ltd is currently not regulated by any recognized financial authority. This lack of regulation is a significant red flag for potential investors. According to various sources, including the UK's Financial Conduct Authority (FCA), Ankor Group does not hold any valid licenses, which raises concerns about the safety of client funds and the overall transparency of its operations.

• Regulatory Bodies: No valid regulatory information.
• License Numbers: Not applicable.
• License Validity and Scope: Ankor Group does not possess any regulatory licenses, indicating a high potential risk for investors.
• Legal Entities in Different Regions: The company is primarily registered in Bulgaria but lacks a robust regulatory presence.
• Client Fund Segregation Policies: There is no information available regarding the segregation of client funds, which is a critical aspect of investor protection.
• Investor Compensation Fund Participation: Ankor Group does not participate in any investor compensation schemes.
• KYC and AML Compliance Measures: The company has not provided clear information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

　　Given this information, it is strongly advised to exercise caution when considering investments with Ankor Group, as the absence of regulatory oversight significantly increases the risks associated with trading through this broker.

3. Trading Products and Services

　　Ankor Group offers a variety of trading products, primarily focusing on forex. The broker provides access to a selection of currency pairs, including major, minor, and exotic pairs. However, the exact number of forex pairs available for trading has not been specified in the available sources.

　　In addition to forex trading, Ankor Group claims to offer Contracts for Difference (CFDs) across various asset classes, including:

• Indices: Major global indices.
• Commodities: Precious metals, energy products, and agricultural commodities.
• Stocks: A selection of shares from various markets.
• Cryptocurrencies: Although specifics are unclear, there are indications that crypto trading may be offered.

　　The frequency of product updates and the introduction of new trading instruments remain unspecified, which could indicate a lack of innovation in their offerings. The broker focuses on retail trading services, but details regarding institutional services or white-label solutions are not provided. There is also no mention of asset management services.

4. Trading Platforms and Technology

　　Ankor Group primarily supports the MetaTrader 4 (MT4) platform, widely recognized for its user-friendly interface and comprehensive trading tools. The broker does not appear to offer MetaTrader 5 (MT5) support, which could limit trading capabilities for some users.

　　Details regarding any proprietary trading platforms have not been disclosed, suggesting that Ankor Group relies heavily on established platforms like MT4 for its trading services.

• Web-based Trading Platform: Not explicitly mentioned, indicating limited accessibility for traders who prefer browser-based trading.
• Mobile Applications: There is no information on mobile app availability for iOS or Android devices.
• Execution Models: The execution model employed by Ankor Group, whether ECN, STP, or Market Making, is not clearly defined in the available data.
• Server Locations and Technical Infrastructure: Specifics regarding server locations and the technical backbone supporting their trading operations are not provided, raising concerns about reliability and performance.
• API Access and Automated Trading Support: There is no indication that Ankor Group offers API access for algorithmic trading, which could be a limitation for more advanced traders.

5. Account Types and Trading Conditions

　　Ankor Group offers several account types to cater to different trading needs, although specific details about these accounts are limited. The general conditions for trading accounts include:

• Standard Account Conditions: Minimum deposit requirements, spreads, and commissions are not clearly outlined.
• Advanced Account Types: Information regarding VIP or professional accounts is not provided.
• Special Accounts: There is no mention of Islamic accounts or corporate accounts.
• Demo Account Policy: The availability of demo accounts for practice trading is not specified.
• Leverage Ratios: The leverage offered varies by product, but exact ratios have not been disclosed.
• Minimum Trade Sizes: Specific minimum trade sizes are not mentioned.
• Overnight Fees: Information regarding overnight financing fees is lacking.

　　This lack of transparency regarding account types and trading conditions may deter potential traders from engaging with Ankor Group.

6. Fund Management

　　Ankor Group provides limited information regarding its fund management practices. The accepted deposit methods include:

• Bank Transfers
• Credit Cards
• E-Wallets

　　However, the specifics of these methods, such as minimum deposit requirements for different account types, are not clearly stated.

• Deposit Processing Times: Not specified, which could be a concern for traders needing quick access to funds.
• Deposit Fees: There is no information on whether deposits incur any fees.
• Withdrawal Methods and Restrictions: The withdrawal process details are vague, and potential restrictions on withdrawals are not mentioned.
• Withdrawal Processing Times: Not disclosed, which may raise concerns about the broker's reliability.
• Withdrawal Fee Structure: Specific fees associated with withdrawals are not provided.

　　The ambiguity surrounding fund management practices is a significant concern for potential investors.

7. Customer Support and Educational Resources

　　Ankor Group claims to offer various customer support channels, including:

• Email Support
• Phone Support
• Online Chat: Availability not confirmed.

　　However, the effectiveness and responsiveness of these support channels remain unclear. The service hours and time zone coverage have not been specified, which could be a limitation for international clients.

• Multilingual Support: The languages supported by Ankor Group are not mentioned.
• Educational Resources: The broker does not appear to offer substantial educational materials, such as webinars, tutorials, or eBooks.
• Market Analysis Services: There is no information regarding daily market analysis, news updates, or research reports.
• Trading Tools: The availability of trading tools, such as calculators and economic calendars, has not been specified.

　　The lack of comprehensive customer support and educational resources could hinder traders' ability to make informed decisions.

8. Regional Coverage and Restrictions

　　Ankor Group primarily serves clients in various regions, but specific markets are not detailed in the available information.

• Regional Offices: The broker does not appear to have a significant physical presence outside of its registered location in Bulgaria.
• Countries Not Accepting Clients: There is no clear information on the countries from which it does not accept clients, which could pose compliance risks.
• Special Restrictions: Any specific limitations on trading for certain regions or countries have not been disclosed.

　　This lack of clarity on regional coverage and restrictions may deter potential clients from engaging with Ankor Group.

　　In conclusion, while Ankor Group presents itself as a forex broker with various trading products and services, the absence of regulation, transparency regarding trading conditions, and customer support raises significant concerns. Potential investors are advised to conduct thorough research and consider safer, regulated alternatives in the market.