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    Negative

    ANCFX

    • Australia Australia
    • 2-5 years
    • Scam Brokers
    • Suspicious Regulatory License
    • Counterfeit MT4/5 Software
    • Chinese market only
    WikiFX Score
    Comparison
    • --
    • PD@ANC Markets .com
    • --
    • --
    • --
    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Get it for free
    This platform is a Ponzi Scheme. Please stay away! 4
    2022.05.23

    This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in WikiFX's Scam Brokers list; please be aware of the risk!

    The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

    Broker Information
    • Company Name

      ANC WEALTH PTY LTD

    • Regulatory Status

      Scam Brokers

    • Company Abbreviation

      ANCFX

    • Country/Region

      Australia

    • Phone of the company

      --

    • Company address

      --

    Twitter
    Facebook
    • --
    Customer Service Email Address
    • PD@ANC Markets .com

    ANCFX

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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      ANC WEALTH PTY LTD

      Effective Date :

      2017-06-13
    • Email Address of Licensed Institution :

      mkakaras@ancadvisers.com.au

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      SuiTe 5 Level 1, 441 ST Kilda Road, MELBOURNE VIC 3004

      Phone Number of Licensed Institution :

      1300880789
    • Licensed Institution Certified Documents :

      Annex1 Annex2

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    ANCFX

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    ANCFX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    ANCFX · Company summary

      General Information

      Established in 2016, ANC FX is the trading name of ANC Wealth Pty Ltd, a company located in Melbourne, Victoria, Australia. ANC FX says it offers an extensive range of trading products, including currencies, indices, stocks, and more.

      Official Website Unavailable

      Since ANC FXs official website cannot be accessible for the moment, we could only pick up some relevant information from some broker review websites to get a rough idea of this broker.

      Market Instruments

      Tradable financial instruments available on the ANC FX platform include forex currency pairs, indices, stocks, and cryptocurrencies.

      Minimum Deposit

      In terms of the minimum deposit requirement, ANC FX does not disclose this part. In most cases, most brokers would require traders to fund at least $100 or an equivalent amount to start trading.

      Leverage

      No trading leverage information is found anywhere. Keep in mind that leverage can amplify gains as well as losses, so inexperienced traders are not advised to use the too-high lever.

      Spreads & Commission

      ANC FX says it provides competitive spreads for its clients, but it does not specify spreads on particular instruments.

      Trading Platform Available

      When it comes to trading platforms available, ANC FX does not make this part clear. However, one thing we can be sure of is that what ANC FX offers is not the famous MetaTrader platform.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.