Aiko Markets is a new broker in the financial market looking for a way to reach investors. As a result, we have a catchy slogan: “Trade Easily. “Live Freely.”
While this sounds fantastic and may entice you to investigate the broker’s offer, keep one thing in mind. There are no regulations mentioned anywhere on the website.
Read on to learn everything there is to know about Aiko Markets.
Is Aiko Markets a Reliable, Licensed Broker?
Aiko Markets is a registered trademark of Aiko International Ltd in Saint Vincent and the Grenadines. Due to a lack of regulatory oversight, this offshore country has become a well-known hub for scheme brokers. The FSA has declared itself strictly unauthorized for Forex and binary options trading firms, directing brokers to seek a license in the country of service.
We discovered nothing after searching Tier 1 databases such as FCA, ASIC, BaFin, and others. Simply put, Aiko Markets should not be trusted.
Reasons to Avoid Using an Unlicensed Broker
Unlicensed brokers are not subject to any rules and are not required to establish a compensation fund. No regulator will accept responsibility or reimburse you if something goes wrong.
Dealing with Tier 1 licensed brokers is therefore highly recommended. These are accountable to a higher authority and have various mechanisms for protecting your funds.
So, is Aiko Markets a reputable broker or a swindler?
Aiko Markets is not a legitimate Forex and CFD trading platform. The company is based in Saint Vincent and the Grenadines and has no Tier 1 regulatory approval.
What Are Traders Saying About Aiko Markets?
Aiko Markets is a relatively unknown broker. The server is located in China, according to the website inspection.
Furthermore, a large number of negative reviews indicate that this company does not approve withdrawals. Once they have access to a client’s money, they will become unresponsive, preventing all communication and access to a trading account.
If there is one positive aspect of this company, it is the trading platform that is provided. The broker provides MT4, a trading industry standard. It’s fantastic software with a variety of trading features, EAs, and social trading available.
The problem, however, is with the broker. Despite the excellent platform, your funds are at risk due to the broker’s unregulated trading conditions and regulatory status.
Is there a mobile version of Aiko Markets’ platform?
It is relatively simple to gain access from any Android or iOS device. Each MT4 includes a mobile app. That is yet another advantage of using MetaTrader. The issue with the broker’s license and trading terms persists.
Aiko Markets Broker – Service Countries
Aiko Markets broker, according to reviews, primarily operates in:
- US
- Spain
- Canada
- UK
- Germany
Also, remember the names of the trading scams Axen Trade, Fx24trade, and Win iCoin and avoid them at all costs! Furthermore, before investing, always investigate the background of online trading companies!
Communication Channels for Customer Support
Aiko Markets customer service has several channels of communication. Once you sign up for an ad, their primary tools will be email and phone. They’ll tell you all the fairytales you need to hear in order to make your deposit right away.
If you believe the story, account managers may contact you via WhatsApp, Telegram, or other social apps and send false trading signals to the “selected group of investors.”
Finally, they may contact you via social media platforms such as Facebook, Instagram, or even dating apps.
What Methods of Payment Does the Broker Accept?
The company only accepts cryptocurrencies as payment. Customers can make deposits by using:
BTC
ETH
XRP
LTC
DOGE
USDT
While the broker will try to persuade you that you have several options, the truth is that you are given the most dangerous method of all.
Why Is Cryptocurrency Payment Risky?
Because digital currency is virtually untraceable, crypto deposits are risky. The money is transferred to another wallet ID once it leaves your wallet. However, determining who is behind the ID can be difficult.
That is why scammers prefer to use cryptocurrency and why you should avoid it.
Scammed by Aiko Markets Broker? – Let Us Hear Your Story
Please notify us if you or someone close to you has been duped by Aiko Markets. Our experts may be able to assist you in tracing your cryptocurrencies and recovering your funds.
Don’t let scammers get away with your money. Contact us right away to schedule your free consultation and let us evaluate your case!
