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In the world of forex trading, Amber has garnered significant attention, albeit for the wrong reasons. This review consolidates various user experiences and expert analyses to provide a comprehensive overview of Amber's operations in 2025. The consensus reveals a predominantly negative perception of the broker, marked by allegations of fraud, unregulated practices, and significant challenges in fund withdrawals.
Note: It is crucial to acknowledge that Amber operates under different entities across regions, which may influence user experiences and regulatory oversight. This review aims to present a balanced perspective based on the most reliable information available.
Category | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 1 |
Trading Setup (Experience) | 2 |
Trustworthiness | 1 |
User Experience | 2 |
How We Rate Brokers: Our ratings are derived from an analysis of user reviews, expert opinions, and factual data regarding the broker's operations.
Founded in 2022, Amber is an unregulated forex broker that claims to provide access to various financial markets. However, multiple sources indicate that it lacks any legitimate regulatory oversight, which raises significant red flags for potential investors. The broker offers a web-based trading platform, but there is no mention of popular trading software like MT4 or MT5. Users can reportedly trade in forex and cryptocurrencies, but the absence of a demo account limits new traders' ability to familiarize themselves with the platform without financial risk.
Amber operates without any valid regulatory license, which is a major concern highlighted across multiple reviews. According to WikiBit, the broker has been flagged for having a low safety score of 1.56 out of 10, with no regulatory information available. This lack of oversight leaves clients vulnerable to potential fraud and mismanagement.
Amber reportedly accepts various currencies for deposits, but specific details on withdrawal methods are scarce. Many users have expressed frustration regarding their inability to withdraw funds, often citing delays and outright refusals. One user recounted their experience, stating, "I submitted a withdrawal request, but it was rejected without explanation," highlighting a recurring theme of withdrawal issues.
The minimum deposit required to open an account with Amber is reported to be around $2,500, a substantial amount that may deter many potential traders. This high entry barrier is particularly concerning given the broker's lack of regulation and the associated risks.
Amber has been criticized for its promotional tactics, which many users perceive as misleading. According to Broker Center, the broker employs aggressive marketing strategies that promise unrealistic returns, leading to a cycle of continuous deposits without actual returns.
Amber claims to offer a range of assets, including forex and cryptocurrencies. However, the quality of trading conditions and the actual variety of assets available are subjects of skepticism among users. Many have reported that the trading experience is fraught with issues, including fixed slippage and unresponsive customer service.
While specific details on spreads and commissions are not widely available, the general sentiment among users indicates that trading costs are higher than industry standards. Many reviews suggest that hidden fees may apply, further complicating the trading experience on the platform.
Amber reportedly offers leverage of up to 1:100, which is common among forex brokers. However, given the broker's unregulated status, this high leverage could pose additional risks for inexperienced traders.
The absence of popular trading platforms like MT4 or MT5 is a significant drawback for Amber. Users are limited to a basic web trader, which lacks the advanced features found in more reputable trading platforms.
Amber does not appear to accept clients from various jurisdictions, including the United States. This restriction is likely due to its unregulated status and the potential legal ramifications of operating in heavily regulated markets.
Customer service reviews for Amber are overwhelmingly negative, with many users reporting long response times and unhelpful support staff. The lack of effective communication has been a significant pain point, as one user noted, "Their customer service is non-existent; I felt completely ignored."
In summary, the Amber review reveals a broker that raises numerous red flags for potential traders. With its lack of regulation, high minimum deposit, and significant withdrawal issues, it is advisable for investors to exercise extreme caution. Choosing a regulated and reputable broker is crucial to ensuring the safety of one's investments. The overwhelming consensus among users and experts alike is to steer clear of Amber to avoid potential financial losses.