Amxer Markets Broker Review

Amxer Markets Review 2

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Exposure

amxer shows the Evil

Hello sir, I deposited 50,000 lira to a Forex company called ifx here 2 months ago. They asked for another 50,000 lira behind this 50,000 lira, and I got into another trouble. To prevent the account from going bankrupt, we sent 16,000 lira and they asked for another 50,000 lira, making a total of 166,000 lira that we deposited. I saved the account and made it 21,305 dollars. Then I requested a withdrawal. Umut Bey and Selçuk Ural from there said they would withdraw this money for you by 5 o'clock today. We requested the withdrawal, a week passed, 10 days passed, and no withdrawal was made. Finally, through Selçuk Ural, a company called Alpha Financial Market asked me to deposit 50,000 lira and transfer your account there so that you can withdraw your money on the same day. He said, "You will withdraw your own money." Your account is worth 18,800 dollars. Then they also asked for 50,000 lira as an expense for that money. We deposited it and in the afternoon, he said, "You made a mistake with this 50,000 lira. You won't write the name, leave the name blank." They asked for another 51,000 lira, and we deposited 51,000 lira again. Then they asked for another 50,000 lira. This time, as if blackmailing, they said either you do it or we can't do anything, we will send the account to SPK and it will be closed, I don't know what. They tell something and I got up and deposited another 51,000 lira. And now, with the transactions I made there, I have 35,000 dollars as my receivable there, and behind it, $2,000, we sent it again, 20,000 Turkish lira, we sent it again for that money to arrive, for 34,000 dollars to arrive, and those monies are also visible on the platform there, 2,588 dollars, that is, it is visible in the normal account from 34,000 dollars. I made a withdrawal request and now none of them are talking to me, they are not answering my calls. The last person I spoke to was Emir Bey from Alpha, he said he is the manager. Then, finance manager Barbaros Bey, customer representative Çağla Hanım, another customer representative Efsune Hanım, manager Süleyman, and none of them have been answering my phone for 1.5 months. I have been without a phone for two days, today is

Q10

2024-10-29

Neutral

Finally my issue was resolved. It happened when real people joined the conversation. Bots and FAQ page were not helpful.

zal0820

2024-08-23

Amxer Markets 2025 Review: Everything You Need to Know

　　Amxer Markets has garnered attention in the forex trading community since its inception in 2023. While it offers a wide range of trading instruments and competitive conditions, the lack of regulation raises significant concerns. This review aims to provide a comprehensive overview of Amxer Markets, highlighting both its strengths and weaknesses.

　　Note: It is crucial to understand that Amxer Markets operates under different entities across various regions, which can impact user experience and regulatory compliance. This review synthesizes information from multiple sources to ensure fairness and accuracy.

Rating Summary

Category	Rating (out of 10)
Account Conditions	5
Tools and Resources	6
Customer Service and Support	4
Trading Experience	5
Trustworthiness	3
User Experience	4

　　How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding trading conditions and regulatory status.

Broker Overview

　　Founded in 2023, Amxer Markets is a forex broker registered in Saint Lucia. It provides access to over 130 trading instruments, including forex, indices, commodities, cryptocurrencies, and stocks. The platform operates on MetaTrader 5 (MT5), a popular choice among traders for its advanced features and user-friendly interface. However, the broker lacks regulation from major financial authorities, which raises concerns about its credibility and the safety of client funds.

Detailed Review

Regulatory Status

　　Amxer Markets is currently unregulated, operating without a license from recognized financial authorities such as the FCA or ASIC. This absence of oversight is a significant red flag for potential investors, as unregulated brokers often engage in unethical practices and may not protect client funds effectively. According to WikiFX, the broker has been flagged for its suspicious regulatory license and operational scope.

Deposit and Withdrawal Options

　　The broker supports several deposit methods, including local banks, debit/credit cards, Bitcoin, Tether, and wire transfers. The minimum deposit varies by account type, starting as low as $100 for a standard account. However, specific details regarding withdrawal methods and potential fees remain unclear, which could pose issues for users looking to access their funds.

Trading Costs

　　Amxer Markets offers competitive spreads, starting from 0.0 pips for its pro accounts. Notably, there are no commissions on trades, which can be attractive for high-frequency traders. However, the lack of transparency regarding additional fees and withdrawal costs could be a concern for users. The maximum leverage offered is up to 1:500, which is higher than many regulated brokers but also increases the risk of significant losses.

Available Asset Classes

　　Traders at Amxer Markets can access a diverse range of asset classes, including:

Forex: A wide selection of currency pairs.
Indices: Major global indices available for trading.
Commodities: Includes popular commodities but lacks metals and futures.
Cryptocurrencies: Offers trading in various cryptocurrencies.
Stocks: Access to top US stocks such as Amazon, Google, and Apple.

Trading Platform

　　Amxer Markets utilizes the MetaTrader 5 platform, known for its advanced trading tools and features. The platform supports automated trading strategies and provides a user-friendly experience across devices. However, it lacks the more widely used MetaTrader 4, which may deter some traders.

Customer Support

　　Customer service at Amxer Markets appears to be lacking, with reports of unresponsive support when clients encounter issues, particularly regarding withdrawals. The broker offers support via phone and email, but the overall experience has been rated poorly by users, leading to frustrations when attempting to resolve problems.

Geographic Restrictions

　　Amxer Markets operates primarily in regions with less stringent regulatory oversight, which can impact user trust and security. Potential traders should be cautious and conduct thorough research before committing any funds.

Languages Supported

　　The broker offers customer support in multiple languages, catering to a diverse clientele. However, the quality of support has been criticized, which could hinder effective communication for non-English speakers.

Repeated Rating Summary

Category	Rating (out of 10)
Account Conditions	5
Tools and Resources	6
Customer Service and Support	4
Trading Experience	5
Trustworthiness	3
User Experience	4

Detailed Breakdown

Account Conditions

　　The broker offers four types of accounts: Standard, Premium, Pro, and PAMM, with varying minimum deposits and spreads. However, the lack of a demo account limits new traders' ability to practice before committing real funds.

Tools and Resources

　　While Amxer Markets provides access to the MT5 platform, the absence of educational resources or market analysis tools can leave novice traders at a disadvantage.

Customer Service

　　Reports indicate that customer service is a significant weak point for Amxer Markets, with many users citing difficulties in reaching support when needed.

Trading Experience

　　The trading experience on the MT5 platform is generally positive, but the lack of regulation and transparency regarding fees can overshadow the advantages.

Trustworthiness

　　Given the unregulated status and reports of withdrawal issues, trustworthiness is a major concern. Potential traders should exercise caution and consider safer, regulated alternatives.

User Experience

　　User experiences vary widely, with some appreciating the trading conditions while others express frustration over customer service and withdrawal processes.

　　In conclusion, while Amxer Markets offers an appealing trading platform and a diverse range of instruments, the lack of regulation and transparency in operations raises significant concerns. Potential investors should approach with caution and consider regulated brokers to ensure the safety of their funds.