Ajman Bank Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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When I entered into investing in Ajman Bank and won money when I asked to withdraw my money, I was surprised by the request for amounts to transfer the money, and when I sent them the transfer amounts, they asked me again to send the company’s 5 percent share. When I refused, they started using obscene words froze my wallet and kept it with them.
Summary: The Ajman Bank has garnered a mixed reputation in the financial services landscape, with significant concerns raised regarding its customer service and regulatory status. While it offers a range of banking products, user experiences highlight ongoing issues that prospective customers should consider.
Note: It is essential to understand that Ajman Bank operates under various regional regulations, and this review aims to provide a fair and accurate overview based on multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 4 |
| User Experience | 3 |
| Additional Rating | 3 |
How We Rate Brokers: Ratings are based on a combination of user experiences, expert opinions, and factual data gathered from various reliable sources.
Ajman Bank, established in 2008, is an Islamic bank located in Ajman, United Arab Emirates. It provides a diverse range of banking services, including retail and corporate banking, as well as investment solutions. The bank operates on the principles of Sharia law, which guides its financial products. Ajman Bank offers access to trading platforms such as MT4 and MT5, allowing clients to engage in various asset classes, including forex, commodities, and equities. However, it is important to note that the bank lacks robust regulatory oversight, which raises concerns about its legitimacy and operational practices.
Ajman Bank operates primarily within the United Arab Emirates but is not regulated by any major financial authority, which poses significant risks for investors. According to the WikiFX review, the bank has no valid regulatory information, indicating a lack of oversight that could lead to potential scams or malpractices. This absence of regulation is echoed across multiple sources, highlighting the need for caution when considering Ajman Bank for financial services.
The bank supports multiple currencies for deposits and withdrawals, including AED and other major currencies. However, specific details regarding minimum deposit requirements are scarce, with some sources indicating it can vary based on the type of account. Users have reported difficulties in accessing their funds and a lack of transparency in withdrawal processes, which has contributed to a negative user experience.
Ajman Bank offers various promotional campaigns aimed at attracting new customers, yet the specifics of these promotions are often unclear. Some users have expressed dissatisfaction with the terms and conditions associated with these bonuses, suggesting a need for greater clarity and transparency in promotional offerings.
Ajman Bank provides access to a range of asset classes, including forex, stocks, and commodities. However, the costs associated with trading, such as spreads, fees, and commissions, are not consistently outlined in available reviews. Users have reported that costs can be higher than expected, leading to frustration among traders looking for competitive pricing.
The bank allows for leverage, but the specifics regarding the maximum leverage offered remain ambiguous across sources. Ajman Bank supports popular trading platforms like MT4 and MT5, which are well-regarded in the trading community. However, users have reported technical issues and a lack of support for platform-related inquiries, further exacerbating the negative perceptions of the bank's customer service.
Ajman Bank does not explicitly state any restricted regions for its services, but the lack of regulatory oversight may deter international clients. Customer service is reportedly offered in Arabic and English; however, user reviews have highlighted significant shortcomings in the responsiveness and effectiveness of the support team, with a mere 5% of customer complaints resolved, according to ComplaintsBoard.
In summary, the Ajman Bank review indicates a bank that offers a range of services but is marred by significant customer service issues and a lack of regulatory oversight. Users have consistently reported negative experiences, particularly concerning support and withdrawal processes. Prospective clients should approach Ajman Bank with caution, ensuring thorough research and consideration of their financial needs before engaging with this institution.
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