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Athens

The Virgin Islands|2-5 years| Benchmark D|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://athensmarkets.co/

Website

Rating Index

Benchmark

Speed:C

Slippage:D

Cost:C

Disconnected:D

Rollover:A

Contact

support@athensmarkets.co
https://athensmarkets.co/

Licenses

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

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

Single Core

1G

40G

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Broker Information

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Company Name

Athens Markets LTD

Company Abbreviation

Athens

Platform registered country and region

The Virgin Islands

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-22
  • 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

Athens · Benchmark
Average transaction speed(ms)
741 Poor
The highest transaction speed(ms)
562 Poor
The highest speed of opening positions(ms)
562 Poor
The highest speed of closing position(ms)
593 Poor
The lowest speed of opening positions(ms)
904 Great
The lowest speed of closing position(ms)
796 Great
Ranking: 132 / 133
Test user 106
Orders 2,877
Ocuppied margin $279,119 USD
Data Source WikiFX Data provide
Updated: 2024-04-19 01:04:SS

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Athens · Company Summary

Registered in The Virgin Islands
Regulated by No effective regulation at this time
Year(s) of establishment 1-2 years
Trading instruments Information not available
Minimum Initial Deposit Information not available
Maximum Leverage Information not available
Minimum spread 0.0 pips onwards
Trading platform Now offering MT5 and MT4, Tradingview soon to come.
Deposit and withdrawal method BTC, ETH, USDT ERC20 and UDSC ERC20.
Customer Service 24/7 live support and social medias.
Fraud Complaints Exposure No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of Athens

Pros:

  • Competitive spreads and commissions for Athens Pro account holders.

  • Supports popular cryptocurrencies for deposits.

  • Multiple trading platforms including MT4 and MT5.

  • 24/7 customer support.

  • Available demo account for traders to test their strategies.

Cons:

  • Lack of transparency regarding important information such as maximum leverage, minimum deposit, and withdrawal fees.

  • Unregulated status and registered in offshore jurisdiction may raise concerns about safety and security.

  • Limited range of tradable instruments and no information provided about them.

  • No educational resources to help traders improve their skills.

  • No mention of regulatory compliance or client fund protection measures.

What type of broker is Athens?

Advantages Disadvantages
Athens offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, Athens has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

Athens is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Athens acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Athens has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with Athens or any other MM broker.

General information and regulation of Athens

Athens is an unregulated Forex broker registered in the British Virgin Islands. They offer two types of accounts, Athens Pro and Athens Standard, with different spreads and commissions. The company supports deposits using BTC, ETH, USDT ERC20, and UDSC ERC20. They provide MT4 and MT5 platforms, and customer support is available 24/7. However, they do not offer educational resources and have limited information on their website regarding trading instruments and costs. The maximum leverage, withdrawal methods, and processing times are unknown.

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
None Lack of transparency on available markets and instruments

Athens, an unregulated Brazil company registered in the Virgin Islands, lacks transparency on the market instruments available for trading. This can be a disadvantage for traders who are interested in specific markets or instruments that are not offered by the broker. The lack of information on available markets can also make it difficult for traders to make informed decisions on whether or not to use this broker for their trading needs. It is important for brokers to provide clear and detailed information on the markets and instruments they offer, so traders can make informed decisions.

Spreads and commissions for trading with Athens

Advantages Disadvantages
Competitive spreads Lack of transparency on costs for specific instruments
Flat-rate commissions No information about additional fees, such as overnight swaps
Zero commissions option Limited account options
Hedging and EA enabled Limited information on trading conditions

Athens offers two account types with varying spreads and commissions. The Athens Pro account offers competitive spreads starting from 0.01 pips and flat-rate commissions, while the Athens Standard account has spreads starting from 1.5 pips and zero commissions. Although the information about specific instrument costs is not available on their website, the broker offers a hedging and EA enabled trading environment. However, the lack of transparency on costs for specific instruments and additional fees, such as overnight swaps, can be a disadvantage for traders. Also, Athens has limited account options and information on trading conditions.

Trading accounts available in Athens

Advantages Disadvantages
Two account types to choose from Only two account types available
Low spreads for Athens Pro Standard account has high spreads
Hedging and EA allowed for both account types Accounts are not well differentiated
Demo account available Limited information on account features

Athens offers two account types - Athens Pro and Athens Standard. Athens Pro offers tight spreads starting from 0.01 pips and flat-rate commissions, making it ideal for traders who value low costs. On the other hand, Athens Standard offers spreads starting from 1.5 pips and zero commissions, making it suitable for beginners who do not want to pay commissions. Both account types allow hedging and EA trading, which is a plus. Additionally, the company offers a demo account, which allows traders to practice trading with virtual money before risking their real funds. However, Athens only offers two account types, which may not suit traders with more specific requirements.

account types

Trading platform(s) that Athens offers

Advantages Disadvantages
Offers MT4 and MT5 platforms No proprietary trading platform
TradingView platform to be added soon No mobile app for trading
Variety of third-party tools available No web-based platform available
Advanced charting and analysis tools Limited customization options for charts
Wide range of order types available Limited educational resources on platform use

Athens offers its clients the popular MT4 and MT5 trading platforms, with the TradingView platform set to be added soon. Both platforms offer advanced charting and analysis tools, a wide range of order types, and access to a variety of third-party tools. However, Athens does not offer a proprietary trading platform and lacks a mobile app for trading. Additionally, there is no web-based platform available, limiting access for some traders. The platform also has limited customization options for charts and provides limited educational resources on how to use the platform. Overall, Athens provides a solid trading platform option for traders who prioritize the use of MT4 or MT5 and require access to advanced charting and analysis tools.

MT4 and MT5 trading platforms

Maximum leverage of Athens

Athens not providing information about their maximum leverage can make it difficult for potential traders to evaluate their risk and reward potential. Leverage is an important factor in forex trading, as it magnifies profits and losses. While high leverage can provide traders with a greater potential for profits, it can also increase the risk of losing more than the initial investment. It is important for traders to have a clear understanding of the leverage offered by a broker and to practice responsible risk management. Without this information, potential traders may have concerns about the transparency and reliability of Athens as a broker.

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Multiple cryptocurrency options for deposit No information about traditional currency options
Clear instructions on how to deposit No information on minimum/maximum amount for deposit
New wallet address generated each time for security No information about withdrawal methods and fees
No information on processing time for deposits and withdrawals

The deposit and withdrawal dimension of Athens is limited to cryptocurrency options only, with no information provided regarding traditional currency options. The company supports BTC, ETH, USDT ERC20 and UDSC ERC20 for deposits, with clear instructions on how to deposit provided on their website. However, there is no information available on the minimum or maximum amount for deposits, and no mention of withdrawal methods or associated fees. Additionally, the processing time for both deposits and withdrawals is unknown. Despite the security measure of generating new wallet addresses for each deposit, the lack of information on withdrawal options and fees may be a disadvantage for potential clients.

Educational resources in Athens

Advantages Disadvantages
N/A No educational resources available

When it comes to educational resources, Athens falls short in providing any information or guidance to its clients. This could be a disadvantage for beginner traders who are still learning the ropes of forex trading or for experienced traders who are looking to expand their knowledge. Without any educational materials, clients will have to rely on their own research and experience to make informed trading decisions. While some traders may prefer to learn independently, having access to educational resources can be beneficial for traders of all skill levels, as it can help to deepen their understanding of market conditions, technical analysis, and other important concepts related to forex trading.

Customer service of Athens

Advantages Disadvantages
24/7 customer support availability No phone support
Easy access to live support through the client area Limited contact options
Active presence on social media No physical address provided
Clear address and registration information provided No FAQ or knowledge base on the website

Athens seems to prioritize customer support, offering 24/7 availability through live support. The support team can be reached through the client area, which provides easy access to assistance. Additionally, Athens has an active presence on social media, allowing clients to stay informed and communicate with the company. However, the company does not provide a phone number for direct contact and has no FAQ or knowledge base on the website. Furthermore, while the company provides an address and registration information, no physical address is given, which can be a concern for some traders.

24/7 availability through live support

Conclusion

In conclusion, Athens is an unregulated forex broker based in Brazil and registered in the British Virgin Islands. The company offers two account types, Athens Pro and Athens Standard, with varying spreads and commissions. The broker supports deposits using BTC, ETH, USDT ERC20, and UDSC ERC20, but information on withdrawals is not provided. Athens offers the popular MT4 and MT5 platforms and plans to add TradingView in the future. However, the company does not provide educational resources, and the maximum leverage offered is unknown. While Athens offers 24/7 customer support, there is no information on the minimum/maximum deposit amount, fees, or processing times. Overall, traders should exercise caution and conduct thorough research before considering Athens as their forex broker due to the lack of regulation and incomplete information on key features.

Frequently asked questions about Athens

  • Question: Is Athens a regulated forex broker?

  • Answer: No, Athens Markets LTD is an unregulated forex broker registered in the British Virgin Islands.

  • Question: What are the account types offered by Athens?

  • Answer: Athens offers two account types: Athens Pro and Athens Standard.

  • Question: What trading platforms are available at Athens?

  • Answer: Athens offers MT4 and MT5 trading platforms, and TradingView is coming soon.

  • Question: What payment methods does Athens accept?

  • Answer: Athens accepts BTC, ETH, USDT ERC20, and UDSC ERC20 for deposits. Withdrawal information such as minimum/maximum amount, fees, and processing time is unknown.

  • Question: Does Athens offer any educational resources?

  • Answer: No, Athens does not offer any educational resources.

  • Question: How can I contact Athens customer support?

  • Answer: Athens customer support is available 24/7. To contact them, log into your client area and submit a ticket in the helpdesk.

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心里小 ╯ε╰糾結
more than one year
In my personal experience, Athens does not seem like a professional broker. It does not provide as much essential trading details as they can, and it is not subject to any regulation.
2023-02-22 09:21
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0
金诗尧[福]奥美ᴼᵀᴹ
more than one year
Why this broker doesn’t accept Bitcoin Cash? I don’t understand. I tried its demo accounts, and it was fairly good. regarding deposit and withdrawal options, I do think they should support more payment channels.
2023-02-16 18:23
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0
0
FX1184029856
more than one year
Forget it... I saw that the company on wikifx does not have any regulatory information. A bit scared and didn't want to risk my money.
2022-12-15 16:25
Reply
0
0
more than one year
There is so little information on the website that I cannot find much information that is important to me. So I tried to contact their customer support and they took a long time to get back to me. Maybe it's the jet lag, but I would not choose to do business with this company.
2022-12-02 09:43
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0
0
Oblisk37
more than one year
Contrary to popular belief. I put 6000 dollars on this broker and traded the pro account. I was able to get all my withdraws every time I wanted to for up to the time I used them which was 5 months. withdraws is NOT a issue with this broker. the REAL issue is the Pro account has GREAT spreads for scalping but TERRIBLE commissions and will EAT all of your profits up and the regular account has the WORSE spreads next to AAFX. I wont recommend it for them reasons.
2022-10-29 06:13
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