AMDE Forex is a forex broker whose official website domain was registered on November 29, 2023. It primarily offers investors trading services in financial derivatives such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. The broker does not provide services to jurisdictions where it might violate local laws or regulations.
Registration Information and Regulatory Status:
According to publicly available information on the AMDE Forex official website, its headquarters are located in Ireland, and the company is regulated by the Financial Conduct Authority (FCA) of the UK, the Australian Securities and Investments Commission (ASIC), the Financial Services Agency (FSA) of Japan, and the Central Bank of Ireland (CBI). Additionally, the broker is also registered with the National Futures Association (NFA) in the United States, NFA ID: 0555592.
Upon verification, the FCA's official website shows that AMDE Forex is not an authorized firm and is not under the regulation of the FCA. Similarly, the ASIC, the FSA of Japan, and the Central Bank of Ireland have no registration information available for this broker. Furthermore, the official website of the NFA shows that the entity corresponding to NFA ID 0555592 is ELEMENT TRADE LTD, not AMDE Forex, and ELEMENT TRADE LTD is not a member and is not under NFA regulation.
Additionally, the design and content of this broker's official website resemble those of the broker websites for CEREMOS, XM Market Limited, Dukascopy Trade MT5, CMC Market Trade MT5, FUNDING, SMTT Markets Pty Ltd, among others.
Account Opening:
To open an account with AMDE Forex: Visit the broker's official website and click on "Register" at the homepage or top-right corner of the webpage. Enter your personal email address and set a login password, then submit. After submitting your application, the account registration will be successful.
Trading Account Information:
The AMDE Forex official website only discloses information on spreads, trading leverage, margin call/stop out levels, and contract size. Details about account types, trading commissions, minimum/maximum trade volumes, maximum positions/orders, and minimum price granularity are not provided.
- Spreads: Variable, starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop Out Levels: 100% / 50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
AMDE Forex claims to offer users the MT5 trading platform, however, no download link is provided on its official website, and no information about the broker can be found on MT5.
Deposits and Withdrawals:
AMDE Forex has not explicitly disclosed the supported deposit and withdrawal methods, fees, or minimum amounts on its official website.
Conclusion:
Traderknows reminds investors that AMDE Forex is a clone website with unclear corporate registration information and lacks effective regulation. The only way to contact them is through email, making their contact methods very limited. The design and content of their official website use the same template as those of broker websites like CEREMOS, XM Market Limited, Dukascopy Trade MT5, CMC Market Trade MT5, FUNDING, SMTT Markets Pty Ltd. Traderknows advises investors to choose brokers that are transparent in information, strongly regulated, and have a good reputation for their investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
