AmeritForexTrade is a contract for difference (CFD) broker with a domain registered on February 13, 2023. This broker provides numerous trading markets, including forex, options, and CFDs, mainly through its proprietary trading platform. It does not offer services in countries or regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the AmeritForexTrade website indicates that its headquarters is located in New York, USA, and it is regulated by the U.S. Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC).
Upon verification, neither the National Futures Association (NFA), the Belize Financial Services Commission (IFSC), nor the Cyprus Securities and Exchange Commission (CySEC) have any record of an entity named AmeritForexTrade. (Registrations and reviews of intermediaries are conducted by the NFA under the supervision of the CFTC, representing the CFTC.)
Therefore, AmeritForexTrade is actually a scam website with false advertising and no regulatory oversight.
Account Opening Process
To open a trading account with AmeritForexTrade, visit the broker's homepage and click on "SIGNUP" to access the account registration page. Fill in the required personal information such as name, email, and phone number, and set a login password. Submit the information and verify the account to complete the registration.
Trading Plans
The AmeritForexTrade website does not disclose information about the types of trading accounts it offers, including account spreads, trading leverage, margin requirements, transaction commissions, minimum and maximum trade sizes, maximum position sizes, or the smallest price increments.
Trading Platform:
AmeritForexTrade provides users with a proprietary trading platform.
Deposits and Withdrawals:
AmeritForexTrade does not clearly disclose the deposit and withdrawal methods it supports, along with the associated fees and minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that AmeritForexTrade is actually an unregulated fraudulent website, using the same web design as other scam broker websites such as Altramaxsfxc.com, DSBN Investment Trade, Express Excel market Trade, Profitable Trades Signals, Prolite Stock Capital, and Universalelitefmiiners.com. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
