Atecscapital.com Review Is Atecs Capital Legit Or Scam

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Atecscapital.com Review: Is Atecs Capital Legit Or Scam?

Atecs Capital Review: this is a forex broker that claims to be based and registered in the Dominican Republic. Is Atecscapital.com a legit forex broker or a scam?

The location that this broker claims to be located in is offshore and we have come to basically distrust brokers in these locations. This is because funds safety is not guaranteed as the broker is not licensed. We found an address for the broker at:

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Atlos Group Ltd, 8 Copthall, Roseau Valley, Commonwealth of Dominica 00152.

Atecs Capital has a good selection of trading assets that it claims will give clients profit. There is an education center also provided for clients. Chart analysis is carried out and news about the market is also made available.

Atecs Capital Trading Platform

The platform offered by the broker is not MetaTrader but rather an online web-based platform that is not popular. Traders find this discouraging.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes mainly lots of digital currencies like Litecoin, Bitcoin, Ripple, Dash, Monero, Ethereum, ZCash USDT, and many more.

It does not state the leverages it offers to traders but we found a report that says it is a maximum of 1:20. Spreads are not metioned as well.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Atecs Capital

Deposit and withdrawal are available via credit cards, wire transfer and Skrill. It is encouraging to find this.

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This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $500 is required in order to start trading with this broker, this is very high compared to the average minimum of $100 to $250. Withdrawals via bank wire comes with a charge of $30 and take as long as 15 days to process.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Atecs Capital Licensed?

No. Atecs Capital is owned by Altos Group Ltd. and this is not a registered company. Like we also stated from the onset, the location does not give valid license to Forex brokers.

This information means that funds are not secured as they are no monitored by any governmental authority. Trading with unlicensed brokers is not advised.

Support

Interested people are invited to dial: +44 2080-899386 or email: [email protected]

Conclusion

We find that Atecs Capital is not licensed and unlike most brokers, it does not offer CFDs on commodities or even forex pairs. Its trading conditions are not well spelled out and gives it an overall shady appearance.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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