ArkPie Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Well I must say, this trading platform is one of the best I've ever came across. The platform website is easy to navigate, you do not need anybody to teach you the basics.
Summary: The overall evaluation of ArkPie is overwhelmingly negative, with multiple sources labeling it as "suspected fraud." The lack of transparency regarding regulatory status, account types, and trading conditions raises significant concerns for potential users. Additionally, the platform appears to be unregulated, which poses a high risk to investors.
Note: It is essential to recognize that different entities may operate under the same brand name across various regions, which can impact user experience and regulatory compliance. This review aims for fairness and accuracy based on the available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 4 |
| Trading Experience | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
We rate brokers based on a combination of user reviews, expert opinions, and available factual data.
ArkPie, officially known as Ark Pie Global Wealth Limited, was established in 2021 and is based in Long Beach, California. The platform claims to offer various trading products, including foreign exchange, commodities like gold and oil, and futures contracts. However, it lacks transparency about its trading software and does not appear to support any widely recognized trading platforms like MT4 or MT5. Notably, ArkPie claims to be regulated by the National Futures Association (NFA), but this has been debunked, raising serious concerns about its legitimacy.
Regulatory Regions:
ArkPie operates in the United States but is not genuinely regulated by any recognized financial authority. The misleading claim of NFA regulation could lead potential investors to believe their funds are safeguarded, which is not the case.
Deposit/Withdrawal Currencies:
The official website does not provide specific information on supported currencies for deposits and withdrawals. However, it is generally expected that users can utilize various common payment methods, including bank transfers and credit cards.
Minimum Deposit:
There is no clear information available regarding the minimum deposit required to open an account with ArkPie. This lack of clarity can deter potential users who prefer to understand their initial financial commitment upfront.
Bonuses/Promotions:
ArkPie does not appear to offer any bonuses or promotional incentives to attract new clients, which is often a standard practice among reputable brokers.
Tradeable Asset Classes:
ArkPie claims to offer a wide range of trading products, including forex, commodities, and futures. However, the lack of transparency surrounding the specifics of these offerings raises questions about their actual availability and reliability.
Costs (Spreads, Fees, Commissions):
The platform does not disclose any information regarding spreads, trading fees, or commissions. This omission is a significant red flag, as potential traders cannot assess the cost of trading on the platform.
Leverage:
Similar to other critical financial details, ArkPie does not provide any information regarding leverage, further complicating the evaluation of its trading conditions.
Allowed Trading Platforms:
There is no mention of any trading platforms on the ArkPie website, which is concerning as most brokers offer access to established trading software.
Restricted Regions:
While specific restrictions are not mentioned, the lack of regulatory oversight suggests that traders from various regions may face challenges when attempting to withdraw funds or resolve disputes.
Available Customer Support Languages:
ArkPie claims to support multiple languages, including English, Japanese, Traditional Chinese, Korean, Spanish, and Portuguese. However, the effectiveness and responsiveness of its customer service remain questionable.
Account Conditions:
The absence of clear information on account types and minimum deposits severely affects ArkPies rating in this category. Users are left in the dark about what to expect when opening an account.
Tools and Resources:
With no detailed information on trading software and resources, ArkPie scores poorly in this area. The platform does not seem to provide any tools that could enhance the trading experience.
Customer Service and Support:
While the platform lists multiple languages for customer support, the lack of transparency and accountability raises doubts about the quality of service provided.
Trading Experience:
The overall trading experience is hampered by the lack of clarity on costs, account types, and trading platforms. This could lead to frustration for new traders trying to navigate the platform.
Trustworthiness:
Given its classification as "suspected fraud" and the absence of regulatory oversight, ArkPie scores the lowest in trustworthiness. Potential investors should exercise extreme caution.
User Experience:
The overall user experience is significantly affected by the lack of transparency and the potential risks associated with trading on an unregulated platform.
Account Conditions: Users have reported that the lack of clarity regarding account types and minimum deposits is a significant drawback. Many potential traders prefer brokers that provide clear guidelines on what to expect when opening an account.
Tools and Resources: ArkPies failure to disclose information about its trading software and tools is a critical shortcoming. Most reputable brokers provide access to advanced trading platforms and educational resources to help traders make informed decisions.
Customer Service and Support: While the platform claims to offer support in multiple languages, the effectiveness of this support remains untested. Users have expressed concerns regarding the responsiveness and reliability of customer service.
Trading Experience: The trading experience on ArkPie is hampered by the lack of transparency regarding costs, spreads, and available platforms. This could lead to confusion and frustration for traders who are new to the market.
Trustworthiness: The platform's classification as "suspected fraud" is a major red flag. Without a regulatory body overseeing its operations, users may face significant risks regarding the safety of their funds.
User Experience: Overall, the user experience is negatively impacted by the lack of transparency and critical information. Potential users may find themselves hesitant to engage with the platform due to these concerns.
In conclusion, the ArkPie review indicates a platform fraught with risks and uncertainties. Potential investors are strongly advised to seek out more reputable and transparent options for their trading needs.
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