Aiko Markets is a crypto and forex scam, and our aikomarkets.com review will expose the broker. Those who have signed up and deposited funds with the platform are ruing the decision. The broker is openly blocking withdrawals.
We’ve gathered that the trend started well over a few weeks ago. AikoMarkets is another crypto and forex liquidity provider taking advantage of investors. Here’s our candid AIKO MARKETS REVIEW for more.
PS: Here are the crypto investment strategies successful investors are using.
The broker claims to be a top liquidity provider in the crypto and forex niche. When you land on the homepage, it doesn’t show any professional outlook. The broker claims to help members take their ambitions higher.
AikoMarkets claims the financial goals are closer to luring investors, thanks to the available trading conditions. When you look closely, you see a broker offering torrid trading conditions. These conditions are not in line with industry-set rules.
Navigating the website is difficult as the broker hides vital information from members. User engagement is not found as the platform lacks social media profiles. The member interface is another luckster platform.
Yes, the broker does offer one of the best trading platforms the industry has to offer. The MT4 trading platform is one of the best trading terminals. It’s usually the best for beginners and skilled traders.
There’s an improved version best suited for expert traders, the MT5. You can download the MT4 platform as it’s compatible with all devices. Members get advanced trading tools with proper research material available.
The broker also issues a risk warning to investors with USA traders not listed as members. It shows the broker is afraid of the intense regulatory framework on US-based brokers. Using the MT4 platform won’t help much, as the broker blocks withdrawals.
There are three account types to choose from with the broker. Each account promises something different and targets a different demographic. The three accounts include Scalp, Elite, and ECN accounts.
Here’s a closer look at each of these accounts;
Scalp
For the scalp account holder, expect to enjoy maximum leverage of 1:500. The leverage is the same on all accounts. Members only get to trade three assets, Forex, Gold, and Silver. There’s a $14 commission fee on all trades.
Elite
With the same leverage margin, the minimum deposit set is $25,000. Traders get spreads starting from 2 pips with a $10 commission fee. Trading assets include commodities, crypto, forex, indices, and stocks.
True ECN
There’s no mention of the acceptable minimum deposit with the account. Spreads start from 2.5 pips with the minimum trade size set at 1.2 lots. Members also enjoy a $7 commission fee on all trades. The trading assets are the same as the elite account.
We must highlight the broker’s failed attempt to lure more deposits to these accounts. You will notice the broker fails to mention the minimum acceptable deposit. When signing up, the broker claims $1,000 is the best deposit amount for standard accounts.
Industry regulators have set $250 as the acceptable minimum deposit. It protects naïve traders from losing a large chunk due to set conditions. With the high leverage, traders will lose a large chunk.
Go for trading accounts that accept maximum leverage of 1:100. Higher leverage puts your trading position at risk. Thanks to the commissions set, only the broker can profit from your losses.
These high bonuses and commissions are features to entice naïve traders. You risk a lot going for bonuses and commissions. There’s a reason why regulators are tightening regulations surrounding bonuses and commissions.
Most brokers use these two features to take advantage of members. You won’t get to withdraw funds unless you pay the bonuses back. One will have to wonder if these are bonuses of some trading loan.
Due to the high number of complaints and harsh trading conditions, we rate the broker a 1/10. The broker does abysmally in terms of allowing withdrawals. A broker who blocks withdrawals is not one we would recommend.
Most of the ratings from other independent reviewers give it a one-star rating. It shows the broker doesn’t have any huge following in the industry. And that’s another reason to ignore the broker.
Aiko Markets is not a licensed or regulated broker. Those signed up with the broker are not prepared for an unregulated broker. Without legal cover from regulators, the broker is free to introduce harsh trading conditions.
An unregulated broker is bad news for traders. There’s no license to indicate the broker complies with trading rules. That’s why we must stay away from the platform or risk losing funds. You have a platform not ready to offer much in terms of protection.
Customer support is out of the question with the broker. Before signing up, the broker will call and email with why the platform is right for you. After depositing funds, the broker goes ahead and shuts down all communication.
You need to invest in a liquidity provider ready to listen to members. There’s no 24/7 support available on the platform. The live chat widget is a message board where members are to leave their messages.
There’s no such thing on the aikomarkets.com platform. Members don’t enjoy any negative balance protection on either of the three accounts. And that’s why we must expose the broker for failing to offer relatively straight features.
As a trader, you would want a broker with your back. Regulators insist that liquidity providers offer negative balance protection. You will lose more than the trading balance in your account with this broker.
Funds are far from safe with a broker who fails to offer negative balance protection. The broker fails to comply with industry regulations and doesn’t have your interest at heart. Those who have signed up know the damage the platform incurs.
There’s no insurance cover for deposits made by traders. The broker failed to deposit the minimum accepted deposit to start a trading business. That’s why you must avoid the platform or risk losing it all.
There are several deposit and withdrawal channels available on the platform. The broker allows bank and wire transfers as well as crypto deposits. After depositing, the balance will reflect in your member dashboard after 24 hours.
Withdrawing funds from the platform is the biggest reason you should stay away. No member has had the chance to withdraw funds from the platform. And that’s why we insist that aikomarkets.com is a scam.
After depositing funds, members use the dummy account, which appears as a live account. You get to trade and see your profits fall or rise depending on the trading position. When the time comes to withdraw, the broker reveals their true colors.
Members get an email suggesting the account is under review. The broker insists you sign up with the next account for them to process withdrawals. And that means having to deposit another amount. After depositing, the broker deletes your account credentials.
Please stay away from aikomarkets.com
NB: Use the best crypto investment options the industry has to offer.
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