FOREX

Acquantum Review: Is Acquantum.eu A Safe Broker Or A Scam?

Acquantum.eu Review: this is the website of Acquantum, a Forex broker that claims to be headquartered in Liechtenstein. Is it safe to invest funds in Acquantum? Consider our reviews and see our expert take on this.

The most vital part of our reviews is uncovering if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

Acquantum says that it operates from Liechtenstein and seems to also go by the trading name, Luxor AMT. In fact, besides the website name, it seems that Luxor AMT is the real name of Acquantum.

Meanwhile, Forex trading in Liechtenstein is not as regulated as it is in many other locations. This has made it a choice location for scam brokers and fraudulent companies. Also, we found that no Forex trading authority lists Acquantum in their register.

Thus, we conclude that this is an unlicensed broker. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Acquantum

Acquantum says its goal is ‘enriching the lives’ of everyone they meet. It claims to be able to give clients a ‘patrimonial yield with outstanding performance’. 277 employees and 57 advisors and analysts are said to be working with this Forex broker. It claims that once you have registered and invested with it, the advisors will help you ‘optimise your wealth in all circumstances’.

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It is common for Forex brokers to claim that they provide the best trading environment in the market. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Acquantum Trading Platform

The broker does not mention what trading platform it offers to clients. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots. Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Acquantum does not also mention what trading instruments that traders would be able to use on its platform. This is a discouraging find. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The broker does not even mention the maximum leverage that it offers to clients as well. It is important to note that while some leverages may seem generous, it is not advisable. High leverages can lead to huge loss of funds for inexperienced traders.

It also hides what spreads it allows for trading, this shows that the broker is not really serious. Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Acquantum Deposit and Withdrawal Methods

We found that Acquantum mentions supporting withdrawal and deposit via; MasterCard, visa and bitcoin. These are limited means of transaction and would not appeal to many brokers because preferences differ.

It is discouraging because one of the characteristics of a legit broker is allowing deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is also not disclosed. This makes it impossible for us to know if it is within the average minimum obtainable among top brokers or not. Usually, many legit brokerages require between $100 – $250 or even lesser. The withdrawal conditions of this broker are hidden which is suspicious. Traders should know what withdrawal terms and conditions brokers use.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Acquantum Licensed?

No. Acquantum is not a licensed brokerage and cannot be trusted. It tries to pass itself off as an authorised broker but it turns out that this is false.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

The Forex broker provides the following means of reaching it; Call: 0039 02 899 524 28, Skype:  0039 333 11 42 933 and WhatsApp: 0044 770 858 8303.

Conclusion

Acquantum has proven to be a broker unworthy of trust and thus, we rate it low. It also does not reveal enough information for us to go on with and tries to falsify some claims. Do not invest with any company that falsifies claims and hides many of its trading conditions.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

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Acquantum

1.8

TRADING CONDITIONS

1.0/10

LICENSE

1.0/10

CLIENT REVIEW

1.0/10

CUSTOMER SUPPORT

4.0/10

Pros

  • Customer support available

Cons

  • Unclear trading conditions
  • No license
  • Missing trading platform information
  • Limited withdrawal and deposit methods
Summary
Review Date
Reviewed Item
Acquantum
Author Rating
11stargraygraygraygray

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