Ambition 2025 Review: Everything You Need to Know
Summary: The Ambition forex broker has garnered a negative reputation due to its lack of regulation, inactive website, and a series of user complaints regarding withdrawal issues and potential fraud. This review highlights the broker's dubious operational practices and the risks associated with trading through it.
Note: It's important to recognize that Ambition operates under different entities in various regions, which complicates its regulatory status. The information presented here is based on a comprehensive analysis of available data, aiming for fairness and accuracy.
Rating Overview
We evaluate brokers based on user feedback, expert opinions, and factual data.
Broker Overview
Established in Seychelles, Ambition is a forex broker that primarily targets the Chinese market. However, the broker operates without any regulatory oversight, raising significant concerns about the safety and security of traders' funds. The broker offers trading on the widely used MT5 platform, but specific details about asset classes and trading conditions remain scarce due to the broker's inactive website. Users have reported various issues, including withdrawal difficulties and potential fraudulent activities.
Detailed Analysis
Regulated Geographical Areas/Regions:
Ambition is registered in Seychelles but lacks any valid regulatory licenses. This absence of regulation is a significant red flag for potential investors, as it implies that the broker is not subject to any oversight from recognized financial authorities. According to WikiFX, the broker has a regulatory score of 0.00, indicating a high-risk environment for traders.
Deposit/Withdrawal Currencies/Cryptocurrencies:
Information regarding accepted currencies for deposits and withdrawals is not readily available, as the broker's official website is non-functional. Users have expressed frustration over the inability to withdraw funds, with claims that only commissions could be accessed, leaving actual deposits inaccessible.
Minimum Deposit:
The minimum deposit requirement for opening an account with Ambition is unclear due to the lack of information provided. The absence of transparent account conditions further complicates the decision for potential traders.
Bonuses/Promotions:
No information on bonuses or promotional offers has been found. This lack of incentives may deter traders looking for competitive offerings from brokers.
Tradeable Asset Classes:
Ambition reportedly offers forex trading, but specific details about available currency pairs or other asset classes are not disclosed. The scarcity of information limits potential traders' ability to assess the broker's offerings.
Costs (Spreads, Fees, Commissions):
Details about spreads, fees, and commissions are not available, which raises concerns about the potential hidden costs involved in trading with Ambition. This lack of transparency is a common issue associated with unregulated brokers.
Leverage:
The maximum leverage offered by Ambition is currently unknown. High leverage can be enticing for traders but also increases risk, particularly when provided by unregulated brokers.
Allowed Trading Platforms:
Ambition provides access to the MT5 trading platform, a popular choice among forex traders. However, the limited information about the broker raises questions about the reliability and functionality of the platform.
Restricted Regions:
Ambition appears to primarily focus on the Chinese market, limiting its accessibility to traders from other regions. This exclusivity may deter potential clients seeking a more global trading experience.
Available Customer Support Languages:
Customer support is reportedly limited to English and Chinese, with contact options including a phone number and email. However, user reviews indicate that communication with the broker is often lacking, particularly when issues arise.
Rating Overview (Revisited)
Detailed Breakdown
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Account Conditions:
Ambition's lack of clear account conditions and the absence of a minimum deposit requirement contribute to a low rating. The non-functional website further complicates the assessment of account types available.
Tools and Resources:
The broker's tools and resources are minimal, with no information on educational materials or trading aids. This lack of support is detrimental to traders looking to improve their skills or strategies.
Customer Service and Support:
Customer service has received poor feedback, with users reporting difficulties in reaching out for assistance. The limited communication options and lack of response during critical situations are significant concerns.
Trading Setup (Experience):
The overall trading experience with Ambition is marred by user complaints regarding platform reliability and withdrawal issues, leading to a low rating in this category.
Trustworthiness:
Ambition's lack of regulation, inactive website, and reports of fraudulent behavior significantly impact its trustworthiness. Users have expressed concerns about the safety of their funds, which is a critical factor for any trader.
User Experience:
User experiences have been overwhelmingly negative, with many reporting issues related to withdrawals and the overall transparency of the broker.
In conclusion, the Ambition review reveals a broker that operates in a high-risk environment with numerous red flags for potential traders. With no regulatory oversight, a non-functional website, and a history of user complaints, it is advisable for traders to exercise caution and consider alternative, more reputable brokers for their trading needs.
