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AMBERLIGHT FINANCE

United States|1-2 years|
Suspicious Scope of Business|High potential risk|

https://amberlightfinance.com/

Website

Rating Index

Contact

support@amberlightfinance.com
https://amberlightfinance.com/
30 Broad St., New York, NY 10004, United States

Licenses

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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AMBERLIGHT FINANCE · Company Summary

Aspect Information
Registered Country/Area United States
Company Name AMBERLIGHT FINANCE
Regulation Potentially non-compliant with NFA regulations
Minimum Deposit Not specified
Maximum Leverage Not specified; mentions “highest leverage options”
Spreads Not specified
Trading Platforms MetaTrader 4 (MT4) or MetaTrader 5 (MT5)
Tradable Assets Cryptocurrencies, Forex, Precious Metals, Indices
Account Types Not specified; mentions “unclear account types”
Demo Account Not specified
Islamic Account Not specified
Customer Support Slow and unresponsive
Payment Methods Cryptocurrency, Bank Cards, Bank Transfers, Alternative Methods
Educational Tools Lacks comprehensive educational resources
Website Status Not specified
Reputation (Scam or Not) Concerns raised regarding regulatory compliance; further research advised

Overview

AMBERLIGHT FINANCE, a trading platform based in the United States, presents a concerning picture. There are significant issues surrounding regulatory compliance, with potential non-compliance with NFA regulations, raising doubts about the platform's legitimacy. Critical information such as the minimum deposit, maximum leverage, and account types remains undisclosed, contributing to a lack of transparency that may leave users uncertain about the platform's offerings. The absence of comprehensive educational resources and unresponsive customer support further diminishes its appeal. Given these concerns and the need for further research regarding its regulatory status, caution is advised when considering engagement with AMBERLIGHT FINANCE.

basic-info

Regulation

A warning message indicates that “AMBERLIGHT FINANCE” may not be compliant with the regulations set by the United States NFA (National Futures Association). Specifically, it states that the broker exceeds the business scope regulated by the NFA under license number 15097150, which is designated as a Common Business Registration Non-Forex License. This means that the broker might be involved in activities that extend beyond what their NFA license permits.

When a broker exceeds its regulated business scope, it raises concerns because it implies that they may be engaging in activities that are not authorized or regulated by their license. Such unauthorized activities can pose risks to clients and investors.

To make informed decisions about engaging with “AMBERLIGHT FINANCE,” it's essential to conduct thorough research. Verify their regulatory status, look for official warnings or actions from regulatory authorities, and seek advice from financial experts if necessary. Trading or investing with brokers that operate outside their regulatory scope can potentially expose you to financial and legal risks.

regulation

Pros and Cons

AMBERLIGHT FINANCE presents a mix of potential advantages and concerning drawbacks. While it offers a diverse range of trading instruments to cater to various user needs, there are significant concerns about regulatory compliance and transparency in account offerings. Additionally, the absence of educational resources and unresponsive customer support can hinder the trading experience. Traders and investors should carefully consider these factors when evaluating the platform's suitability.

Pros Cons
Diverse Range of Trading Instruments Questionable Regulatory Compliance
Cryptocurrencies, Forex, Precious Metals Lack of Transparency in Account Types and Fees
Access to Major, Minor, and Exotic Forex Limited Educational Resources
Competitive Leverage Options Unresponsive Customer Support
Multiple Deposit and Withdrawal Methods Potential Slow Response Times
Commitment to Fast and Secure Transactions Lack of Clarity in Account Offerings
Decent Payouts for Users

In summary, AMBERLIGHT FINANCE offers a wide array of trading instruments and emphasizes efficient financial transactions. However, it is crucial for users to exercise caution due to regulatory concerns, limited transparency, and the absence of educational support. The responsiveness of customer support is also a potential area of concern, which may impact the overall user experience on the platform. Traders and investors should carefully evaluate their options and consider alternative platforms with more robust offerings and regulatory compliance.

Market Instruments

AMBERLIGHT FINANCE provides a comprehensive range of trading instruments on its platform to cater to the diverse needs of its users. These market instruments cover various asset classes and trading opportunities, allowing traders to explore and engage in different financial markets. Here's an overview of the market instruments offered by AMBERLIGHT FINANCE:

  1. Cryptocurrencies: AMBERLIGHT FINANCE offers a selection of cryptocurrencies for trading. Cryptocurrencies have gained significant popularity in recent years, and this platform allows traders to speculate on the price movements of digital assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more.

  2. Forex Currency Pairs:

    1. Major Forex Pairs: Traders can access major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, which involve widely traded and stable currencies.

    2. Minor Forex Pairs: Minor currency pairs like EUR/GBP and AUD/JPY are also available, offering opportunities beyond the major currencies.

    3. Exotic Forex Pairs: For those seeking higher volatility, exotic currency pairs like USD/TRY and EUR/TRY are offered, allowing traders to engage with emerging-market currencies.

  3. Precious Metals (Gold): AMBERLIGHT FINANCE enables traders to participate in the gold market. Gold is a popular precious metal that can act as a safe-haven asset and is often traded as a store of value.

  4. Indices: The platform provides access to various indices from different regions and sectors. Traders can track the performance of markets using indices like the S&P 500, Dow Jones Industrial Average, and FTSE 100.

This diverse range of trading instruments allows traders to create a well-rounded and diversified portfolio, accommodating different risk appetites and trading strategies. It's essential for users of AMBERLIGHT FINANCE to review the available markets on the official website of the platform, as well as any associated trading conditions, fees, and margin requirements. Additionally, traders should have a solid understanding of the characteristics and risks associated with each instrument before engaging in trading activities.

products-services

Account Types & Leverage & Spreads and Commissions

The statement “LOWEST TRADING FEES AND HIGHEST LEVERAGE” raises concerns when viewed critically. While it appears to promote competitive advantages, the lack of specific information about account types, fees, and leverage levels adds an additional layer of uncertainty. Here's a negative perspective with the added mention of unclear account types:

  1. Lowest Trading Fees: The claim of having the “lowest trading fees” may be met with skepticism, particularly when coupled with the ambiguity surrounding account types. The absence of clear details about account options leaves traders wondering whether there are undisclosed charges or if the touted low fees come at the expense of crucial services or security measures.

  2. Highest Leverage Options: Promising the “highest leverage options” becomes more disconcerting when account types are not adequately explained. Without transparency on the specific leverage levels associated with each account type, traders may fear being enticed into risky positions without comprehending the potential ramifications.

  3. Unclear Account Types: The lack of clarity regarding account types further compounds the negative perception. Traders need clear and comprehensive information about account options, including their features, minimum deposit requirements, and associated benefits or limitations.

In light of these concerns, traders should exercise caution and thorough due diligence before considering this platform. Transparent and regulated brokers with well-defined account structures, fee schedules, and risk disclosures are typically a safer choice. Rushing into a trading platform that relies on vague marketing tactics can lead to financial risks and disappointment.

account-types

Deposit & Withdrawal

AMBERLIGHT FINANCE prioritizes providing its users with efficient and expedited financial transactions. They understand the importance of quick access to your funds, which is why they offer a range of deposit and withdrawal methods to cater to your needs.

  1. Crypto Wallet Transactions: One of the options available is to use your crypto wallet for both deposits and withdrawals. This means you can transfer funds to your AMBERLIGHT FINANCE account directly from your cryptocurrency wallet. When it's time to cash out or make a withdrawal, your funds can be sent back to your crypto wallet. This method offers the advantage of fast and secure transactions, especially for those who prefer to work with cryptocurrencies.

  2. Bank Card Convenience: If you prefer more traditional banking methods, AMBERLIGHT FINANCE also facilitates deposits and withdrawals using bank cards. This means you can use your credit or debit card to deposit funds into your AMBERLIGHT FINANCE account. When you're ready to withdraw your earnings, the funds can be transferred back to your bank card. This option ensures accessibility and convenience for those who rely on their bank cards for financial transactions.

  3. Bank Transfers: For users who prefer the stability and security of bank transfers, AMBERLIGHT FINANCE supports this method as well. You can easily transfer funds from your bank account to your AMBERLIGHT FINANCE account. Similarly, when you want to withdraw your funds, they can be sent back to your bank account. This method can be particularly useful for larger transactions or individuals who have a significant amount of funds to manage.

  4. Alternative Payment Methods: Depending on your location and preferences, AMBERLIGHT FINANCE may offer other payment methods such as electronic wallets (e-wallets) like PayPal or even wire transfers. These alternative options cater to a diverse range of users and their preferred financial tools.

  5. Decent Payouts: In addition to facilitating fast transactions, AMBERLIGHT FINANCE is committed to providing decent payouts. This means that they aim to offer competitive and fair payout rates to ensure that users receive their earnings in a manner that reflects market conditions and industry standards.

To get specific details about the deposit and withdrawal methods, including any associated fees or processing times, it's advisable to visit the official AMBERLIGHT FINANCE website or reach out to their customer support. Always exercise caution and verify the platform's reputation and security before conducting financial transactions.

deposit-withdrawal

Trading Platforms

AMBERLIGHT FINANCE operates its trading platform on either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), although specific details regarding the platform's features and functionalities are not provided in the given information. MT4 and MT5 are popular and widely used trading platforms known for their user-friendly interfaces and comprehensive tools for trading in various financial markets, including forex, commodities, and cryptocurrencies. To gain a more comprehensive understanding of the platform's offerings, traders are encouraged to visit the AMBERLIGHT FINANCE website or contact their customer support for detailed information about the trading experience, available assets, and any additional features provided through MT4 or MT5.

trading-platform

Customer Support

AMBERLIGHT FINANCE's customer support, which can be reached through their provided contact methods, leaves much to be desired. Despite offering an email address (service@amberlightfinance.pro) and a physical address (30 Broad St., New York, NY 10004, United States), their communication and responsiveness fall short of expectations. Users often encounter slow response times, and when they do receive a reply, it tends to lack the necessary clarity and helpfulness expected from customer support. This deficiency in timely and effective assistance, despite the available contact methods, can be exasperating for customers who rely on responsive and informative support services. Overall, the customer support experience at AMBERLIGHT FINANCE is marked by inadequate communication, leaving users feeling unsupported and dissatisfied with the service.

customer-support

Educational Resources

AMBERLIGHT FINANCE lacks comprehensive educational resources, which is a significant drawback for traders and investors seeking to expand their knowledge and skills. The absence of educational materials, such as tutorials, webinars, articles, or educational videos, can make it challenging for users, especially beginners, to make informed decisions in the financial markets. This deficiency in educational resources limits the platform's ability to support and empower its users in their trading and investment endeavors, potentially leaving them at a disadvantage compared to platforms that offer robust educational content.

Summary

AMBERLIGHT FINANCE raises significant concerns across various aspects. Firstly, its regulatory compliance is questionable, with warnings suggesting activities beyond their licensed scope, potentially exposing users to undue risks. Additionally, the platform lacks transparency in account types, fees, and leverage levels, making it difficult for traders to make informed decisions. While it offers a variety of trading instruments, the absence of educational resources hinders users' ability to navigate the complex world of finance. Furthermore, customer support is unresponsive, often leaving users feeling unsupported. Overall, AMBERLIGHT FINANCE falls short in several critical areas, raising doubts about its suitability for traders and investors. It is advisable to exercise caution and explore more reputable alternatives in the market.

FAQs

Q1: Is AMBERLIGHT FINANCE regulated by any financial authorities?

A1: AMBERLIGHT FINANCE's regulatory compliance is questionable, with warnings indicating activities beyond their licensed scope. Traders should exercise caution.

Q2: What trading instruments are available on AMBERLIGHT FINANCE?

A2: AMBERLIGHT FINANCE offers cryptocurrencies, forex currency pairs, precious metals, and indices for trading, but the platform lacks transparency in account types and fees.

Q3: Does AMBERLIGHT FINANCE provide educational resources for traders?

A3: Unfortunately, AMBERLIGHT FINANCE lacks comprehensive educational materials, making it challenging for users, especially beginners, to gain knowledge and skills.

Q4: How can I contact AMBERLIGHT FINANCE's customer support?

A4: You can reach AMBERLIGHT FINANCE's customer support through email (service@amberlightfinance.pro) or their provided physical address, but their responsiveness is often slow.

Q5: Does AMBERLIGHT FINANCE prioritize quick withdrawals?

A5: Yes, AMBERLIGHT FINANCE offers various deposit and withdrawal methods, including crypto wallet transactions and bank card options, to expedite fund access. However, the overall customer support experience may leave users feeling unsupported.

Broker Information

Company Name

AMBERLIGHT FINANCE

Company Abbreviation

AMBERLIGHT FINANCE

Regulatory Status

No Regulation

Platform registered country and region

United States

Phone of the company

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YouTube

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Company address
  • 30 Broad St., New York, NY 10004, United States

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@amberlightfinance.com

Company Summary

User Reviews

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Comments

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Helengigie
more than one year
What's even more concerning is the apparent lack of understanding from the call center staff regarding both the issue at hand and accessing customer accounts. Adding to the frustration, the phone lines kept disconnecting. It's disheartening—I had to resort to emailing them for assistance.
2024-02-29 14:40
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Faith4747
3-6months
Amberlight Finance are absolute scammers. Pls do not invest any money with this company. They lure you in to forex investments and once you invest you will never be able to withdraw your money. Do not trust at all. There are many that have lost millions of $ through the Pig butchering scams such as this.
2024-02-07 05:43
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