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AlmondFX

United Arab Emirates|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.almond-fx.com

Website

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Contact

tech@almond-fx.com
http://www.almond-fx.com

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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AlmondFX · Company Summary

basic-info

General Information

Registered in the United Arab Emirates, AlmondFX is online forex broker providing easy access to various trading instruments, including Forex, Indices, Commodities, Stocks, Metals, and more.

With the AlmondFX platform, traders can enjoy low spreads from 0.6 pips, and leverage up to 1:400.

AlmondFX does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.

Market Instruments

With the AlmondFX platform, investors can get access to multiple range of trading instruments, including currency pairs, CFD on commodities, indices, metals, energies, stocks, and more.

Account Types

Two types of trading accounts can be opened with the AlmondFX platform: Individual Account and the Corporate Account, with the minimum deposit not disclosed.

Traders can also use a demo account to gain a feel for the platform and practice their trading skills without risking any real money.

How to open an account with AlmondFX?

Opening an account with VRN Capitals is an easy and simple process:

1. Click the CREATE ACCOUNT link, and fill up some required details on the popping-up page.

account

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

In terms of trading leverage, AlmondFX permits traders to use leverage of up to 1:400, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it is wise for beginners to choose a smaller size until they gain more trading experience.

Spreads & Commissions

AlmondFX hypes that it offers extremely competitive spreads, with the spread on the EUR/USD pair starting at 0.6 pips.

Trading Platform

AlmondFX claims that it gives multiple trading platform options, which include MT4, MT5, AlmondFX Webtrader. MT4 and MT5 are among the most popular trading platforms around the world, featuring the robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface.

Payment Methods

The minimum deposit to invest with AlmondFX is not mentioned. And this brokerage house allows its clients to make a deposit and withdrawal through multiple payment methods, which include VISA, MasterCard, Wire Transfer, Skrill, Moneybooker, Neteller, WebMoney.

 payment-methods

AlmondFX promises that it does not charge any additional fees during transactions.

Customer Support

AlmondFX offers the poor customer support, with online communication, phone support unavailable. Clients who need staff service to solve their trading service can only reach out to this brokerage house through an email: tech@almond-fx.com.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

Broker Information

Company Name

IB FX LTD

Company Abbreviation

AlmondFX

Regulatory Status

No Regulation

Platform registered country and region

United Arab Emirates

Company website
Phone of the company

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Company address

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Linkedin

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Customer Service Email Address
  • tech@almond-fx.com

Company Summary

User Reviews

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FX1105781682
more than one year
I tried to ask their customer service about the spreads for some specific instruments, but it took them over an hour to get back to me. Doesn't their webpage show 24/5 customer service? It's not the weekend either.
2022-12-09 10:13
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