We all know that current Forex market is a highly volatile and even dangerous area. Not only that the prices can suddenly plummet due to political instability and similar factors, but also because a lot of scam sites and fraudulent companies are putting this entire financial sector under a bad reputation. Traders need to be informed before putting their name on the dotted line and signing up with broker companies, and our AHMZFX review is based on this purpose. In other words, we will provide you with everything you need to know about this enterprise, and then you can make your judgment call and decide whether you want to invest with such a broker.
Leverage: 1:200 Licences: N/A
Min. Deposit: 100 USD Bonus: N/A
Spreads: from 2 pips US Clients: No
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AHMZFX – about the company
With less than a year since this broker has been in business, it is too early to be sure if any sign of a possible AHMZFX scam is going to pop and steal your money away. AHMZFX was established in 2016, and this broker is acting as a trading name for GLOBAL Markets Ltd. This corporation is registered in Cyprus under the reference number HE 291958. Furthermore, AHMZFX is licensed and regulated by CySEC, the most popular governing body in the business. With licensing number 171/12, AHMZFX is also a member of ICF (Investor Compensation Fund) in Cyprus, and all of these permits will attract a lot of clients. However, even regulated brokers can cause a lot of problems and frustrations to investors, so precautions are in order here as well.
Types of accounts
The minimum deposit you need to make when you want to start your trading journey with this broker is $500, and most AHMZFX reviews will agree that this amount is simply too high. The unofficial standard in the business is $250, or much less, and that is why the starting fee for AHMZFX seems so expensive. When it comes to the types of accounts, you will only have two available options – demo account or a live account. Also, and Islamic swap-free account is available as well, but we can hardly say that AHMZFX offers a broad range of options. The leverage of 200:1 is on the same level as what most other brokerages provide.
AHMZFX broker is relying on a verified and reliable MetaTrader4 software package, but this company clearly does not know how to make the most out of this handy piece of software. For instance, traders are “forced” to download the platform, which is becoming a remnant of the days gone by. What this means is that modern brokers are using Flash and Java to make their trading portal entirely web-based, and this method is much faster and more convenient than the old system of downloading files and performing the installation process. Also, AHMZFX is offering 50 currency pairs, various CFDs, and other instruments for trading on their platform.
When it comes to bonuses, our AHMZFX opinion is not overly positive since this brokerage provides traders with almost no regular promotions and rewards. Occasional bonuses are certainly not enough to satisfy the needs of demanding clients in this highly competitive market, and that is why AHMZFX will have to significantly improve this segment of their offer in the upcoming period.
Our AHMZFX opinions are based on several factors, and the efficiency of the banking methods is an essential element in the overall quality of any broker. When it comes to AHMZFX in particular, this website is promising “instant processing,” but you should probably ignore these false promises as they are a common tactic in advertising. Various credit cards and e-wallet services are on offer with AHMZFX, and you can also perform transactions through the old fashioned bank wire transfer method.
The lack of educational material and various helpful features is a significant drawback in the overall quality of AHMZFX Forex broker, and even though their staff is available 24/7 – this is not nearly enough. You can contact the team of AHMZFX via e-mail or phone, and those are the only available channels of communication that traders have at their disposal, which is also something that needs instant upgrades and improvement.
AHMZFX review conclusion
After reading our AHMZFX FX broker review, you probably have a more clear picture of what this company can offer, and also which areas of their offer are not on a very high level. Unfortunately, a lot of those segments are present regarding AHMZFX, and that is why we have to encourage our readers to look for a more reliable and professional company if they are planning to invest in the Forex trading world.