Do you want to trade on Ar-Forex FX? Here is what you must know about this broker Ar-Forex.com. See reviews to find all about it.
This post promises to share helpful review to support users/traders in making the right decision.
Ar-Forex FX
Ar-Forex FX is an offshore brokerage company with a lot of promises for traders. The broker shows us it is located in Doha, Qatar. This, we will find out if there is any FX regulator in Qatar.
What is more, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Withdrawal and Deposit
Withdrawal process:
Under withdrawal policy, Ar-Forex fx leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. Sadly, this is a common scheme usually used by suspicious FX broker to keep traders under the cloud.
Ar-Forex Minimum Deposit:
Ar-Forex fx minimum deposit is not indicated. One of the indicators of a genuine fx broker is that Minimum deposit is made known to traders to start trading with a minimum deposit of $100 or less.
As for the payment methods, the broker is still in operation of keeping clients in the unknown. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Ar-Forex Platform:
Ar-Forex FX does not mention any trading platform for clients. Many scammers have trading software to fool their victims that their money is being invested. The good thing for traders is that, this broker does not have one. So beware.
As for the leverage, there is nothing. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? 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, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why Ar-Forex.com Is A Suspicious Broker
First of, Ar-Forex FX has no financial authority overseeing its financial services. As far as we’re concerned, this broker is not regulated in Qatar because there is no fx regulator in Qatar. It is a risk to trade with unlicensed and unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Ar-Forex Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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
Bottom Line:
Ar-Forex fx located at Ar-Forex.com claims to be a trustworthy trading broker, however, that cannot be ascertained. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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