With funds at risk, ATP Markets (atpmarkets.com) is not the type of investment platform. ATPMarkets has seen a sharp rise in withdrawal issues from members. Some dodgy merchant is withdrawing funds after receiving your card details. Those who deposit funds need not share their card information with the platform. Most will find out in our atpmarkets.com review that the store is a risk. Here’s what we found out in our clear ATP MARKETS REVIEW.
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The platform claims to be an online leader in online trading. But, far from it, the store is another high-risk investment option. It may have started with good intentions, but the card loophole became challenging.
No investor is safe when they give out their personal information to the platform. Despite the platform trying to hide this fact, we still have a large problem. The platform is a huge security risk to many investors.
There’s no background and history information available on the platform. The platform is also an offshore registered entity. That means following strict regulatory protocol is out of the question. Instead, the platform is putting your bank details for hackers to steal.
We can understand why newbies would go and sign up with the platform. It seems to have a professional appeal. In addition, the interface is exciting, with all relevant information regarding accounts and features available.
That said, the platform fails to utilize world-class trading terminals. Instead, it has a web-based terminal which is terrible at best. More on that later as we start digging deeper into the whole issue. Those who have invested with the platform are in for a rude surprise.
Claims of offering dedicated support and fund safety are not the case. The platform doesn’t have a live chat or even SSL encryption. It’s a high-risk platform open to hacks, especially during the deposit process.
Investors recommend signing up with the best platforms the industry has to offer. These include those recommended and proven by experts. But, of course, before you engage with any platform, it pays to do research on it first before proceeding.
The best way to determine if a platform is worthy is to weigh the pros and cons. For newbies, this ATPMarkets review will do precisely that. Help you weigh the pros and cons with the eyes of a professional.
You can first check the platform’s reviews using any search engine. Unfortunately, most results will hinge on the platform being a scam. This is after several complaints were lodged against what members term inappropriate withdrawals.
These are some reasons why we insist that atpmarkets.com is a high-risk trading platform. Those who invest with the platform have nothing to gain. The platform, on its part, is trying to hide these aspects by hiring keyboard masters.
To cover the security flaws, the platform hires people to post positive reviews on several boards. These include those on TrustPilot. Unfortunately, you can see the reviews are days apart from each other. That’s no coincidence.
Here are the features to look out for when investigating a platform;
ATP Markets is using a web-based custom-built trading terminal. It’s not a credible platform due to a lack of proper trading tools. The platform does not match MT4 or MT5 trading terminals. There are a lot of loopholes with their web terminals.
You won’t access advanced tools such as technical indicators. Charting tools are way off as the terminal is slow at executing trades. We believe the store is nothing but a scam waiting to steal from investors.
There are five account types used to furnish all classes of traders. These include Standard, Silver, Gold, VIP, and Pro. Each of these accounts brings something different to the table. Let’s take a look at each account;
Standard
Members have to deposit $250 to start trading with the standard account. There are four base currencies to trade with. These include EUR, GBP, JPY, and USD. In addition, members get up to 25 percent in margin loans.
Silver
The account offers members maximum leverage of 1:200. There are floating spreads available depending on the forex pair. In addition, members get margin loans of up to 35 percent. Information on commissions is unavailable. The minimum deposit is $10,000.
Gold
Members must deposit $25,000 to get started with this account. Leverage starts at 1:200 with spreads set between 1.6 and 1.2 pips. You can get up to 50 percent in margin loans. No information on dedicated account managers.
VIP
The account targets skilled traders with leverage set at 1:300. You must deposit $100,000 to get started with the account. Spreads are at 0.7 to 0.9 pips. You can get margin loans of up to 75 percent.
Pro
Designed explicitly for expert traders, the account also targets institutional traders. The minimum acceptable deposit is $1,000,000. Expect up to 100 percent in margin loans with leverage at 1:400.
We must point out that the platform offers risky features to traders. Some of these features are not in line with industry standards. An excellent example would be the minimum acceptable leverage.
No regulator would accept maximum leverage of more than 1:100. The platform is the only benefactor to these features. However, it risks your trading position losing a large trading volume. Please avoid such features.
There’s also the issue of margin loans that are not in line with acceptable standards. The platform also asks for large deposits for features that don’t make much sense. And that’s why we have to raise the red flag.
There are five classes of trading instruments found on the platform. These include commodities, cryptos, forex, indices, and stocks. In addition, you can trade crude oil, metals, and natural gas.
Crypto trading has become one of the largest markets in the industry. You can trade assets such as Bitcoin, Doge, Ethereum, Litecoin, and Ripple. Whether the store pairs these cryptos against each other or leading currencies remains unclear.
Forex trading is the platform’s biggest activity center. You only get to trade major currencies. These include EUR, GBP, JPY, and USD. Those who have signed up with the platform are having issues with the set spreads.
Indices are a way for day traders to make a living. You get to trade in the world’s largest markets. And thus, help dictate the prices of international commodities. Some of the well-known indices include DAX, Dow Jones, and NASDAQ.
The stock market has been there ever since trading started. Get to trade some of the biggest company shares. These include those from the manufacturing, tech, and textile industries. The FAANG group of shares are some of the most traded assets.
ATP Markets is not a licensed entity. As a result, the platform fails to give members a chance to invest wisely. Instead, go for platforms that enjoy regulation from reputable regulators. These include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, and the SEC.
Please stay away from the platform due to the card security problem.
NB: Invest wisely with reliable crypto investments.
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