There are a remarkable number of results when you search for forex broker scams on the internet. Even if the forex market is gradually getting more regulated, there are still many dishonest brokers operating in the industry.
It’s critical to recognize trustworthy and viable brokers when searching to trade forex and to stay away from the latter, which Atlantic Trade Pro has proved not to be!
We must go through a number of processes before depositing a sizable quantity of capital with a broker in order to separate the strong brokers from the weak and the reputable brokers from those with shady practices.
Trading is challenging enough on its own, but when a broker uses strategies that are detrimental to the trader, it may not be easy to turn a profit. Forex traders need to learn to distinguish fact from fiction while looking into potential forex brokers.
For instance, we can assume that all traders lose money and never turn a profit when confronted with a plethora of forum postings, articles, and negative remarks about a broker. The traders who lose money then publish content online that attributes their own unsuccessful trading tactics to the broker (or some other external factor).
When a broker makes claims like, “As soon as I placed the trade, the direction of the market turned,” “The broker stopped hunting my positions,” or “I always experienced slippage on my orders, and never in my favor,” traders frequently allege that the broker was trying to make them lose money purposefully. Traders often have these kinds of situations, and it’s quite conceivable that the broker is not to blame.
To learn more about how to protect yourself from Atlantic Trade Pro scam, contact us now!
Atlantic Trade Pro Company overview
The 2015-founded Atlantic Trading London Limited has offices in London, Sydney, and Chicago.
They are a proprietary market maker trading firm that specializes in trading euro interest rate products to supply fixed-income option liquidity to some of the biggest exchanges in the world. European fixed income traders work for Atlantic, where they mainly trade futures and options for the Euro Bund/Bobl/Schatz, Short Sterling, and Euribor 3M.
Their team of quantitative strategic traders uses cutting-edge visual tools, in-depth, rigorous trading analysis, and market knowledge to take advantage of trading opportunities. They are committed to offering dependable liquidity in all market conditions through knowledge gained through experience and advancements in technology.
They think that maintaining our industry leadership and long-term performance depends critically on our ability to adjust to new trading techniques. At the heart of Atlantic is the flexibility to grow as an individual while working with a team of ambitious, innovative individuals who are driven to succeed both for themselves and others around them.
A financial company based in Cyprus called Atlantic Securities uses the conventional financial brokerage paradigm to provide both offline and online trading choices. Traditional financial brokerages operate under the dealing desk protocol, which links traders and their orders to the market by means of specialized account managers and dealing desk specialists.
Investors can employ professional local dealers or an online trading terminal to make investments in the 90 distinct financial markets spread across 21 countries, thanks to Atlantic Securities’ remarkable collection of both online and offline dealing desks. Through specialized clearing houses, Atlantic Securities provides a variety of exchange-listed products, including equities, indices, forex, commodities, options, futures, and bonds.
This means that Atlantic Securities serves as a middleman for all orders that are transmitted directly to the market or liquidity providers, ensuring that traders can have adequate market access and very transparent pricing for unparalleled trading in the international financial markets.
Online retail FX traders may view Atlantic Securities as being a little different from the contemporary Forex brokerage services that they have grown accustomed to receiving from the market.
As a result, they provide Forex trading as an option within their standard brokerage model, which does differ in some minor ways. Through this unique and comprehensive Atlantic Securities broker review, we will give you all the essential information about the broker.
Cash Flipping is One of The Many Techniques Through Which They Scam People – Atlantic Trade Pro
If anything appears too tempting, it generally is a false alarm, which is the basic rule of thumb when it comes to Cash App frauds.
One well-known social media fraud, for instance, demands that you transfer their money via Cash App initially in exchange for an increase or “flip” of your money. They promise that if you pay them $10 to $1,000, they will send you back twice or triple the amount. Another typical Cash App scam asks you to send a set quantity of money in exchange for a greater rate from other circle participants.
These frauds, often known as money circles, cash wheels, or pyramid schemes, are created so that you never get your money back. Your first line of defense against falling victim to one of these scams is to refrain from sending money to strangers.
Furthermore, unlike payments made with a conventional credit or debit card, transfers made using Cash App are not protected in the event of fraud or theft. Once the money is transmitted, it is practically hard to get it back because the Cash App handles money like cash. It is important for you to become familiarized with these common Cash App scams before they manage to take your money.
Advance Fee Schemes in Atlantic Trade Pro
An advance-fee scam involves convincing the victim to pay money upfront in exchange for a promise of receiving much more in return, which is exactly what Atlantic Trade Pro was doing.
In the case of Atlantic Trade Pro, the problem is that when the victim sends the fraudster money, they never contact them again. Investors who have already lost funds in a risky trade are frequently the target of scammers.
The investor will be contacted with an offer to aid in recouping losses. They might promise to acquire the investment from the investor or exchange it for a better one, but only after the investor pays a “refundable” charge, deposit, or taxes. The investor will lose any additional funds they submit.
Atlantic Trade Pro Has Also Been Associated with Boiler Room Scams
Investment fraud is frequently carried out by a group of individuals who set up a temporary office, or “boiler room,” to conduct business.
Atlantic Trade Pro has been known to direct you to the business’s website, which has a very professional appearance, to persuade you that they are a real company. To give the business a credible appearance, they might also set up a toll-free number and a decent address.
The business, however, does not exist. The workplace is merely a post office box or temporary office, and the entire website is a scam. When you finally discover you’ve lost your money, the con artist will have already left town and started a new scheme.
Four signs of a scam:
- High returns and low risk.
- Hot tip or insider information.
- Pressure to buy now.
- Seller not registered to sell investments.