Atecscapital.com Review Is Atecs Capital Legit Or Scam

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Contents

Atecscapital.com Review: Is Atecs Capital Legit Or Scam?

Atecs Capital Review: this is a forex broker that claims to be based and registered in the Dominican Republic. Is Atecscapital.com a legit forex broker or a scam?

The location that this broker claims to be located in is offshore and we have come to basically distrust brokers in these locations. This is because funds safety is not guaranteed as the broker is not licensed. We found an address for the broker at:

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Atlos Group Ltd, 8 Copthall, Roseau Valley, Commonwealth of Dominica 00152.

Atecs Capital has a good selection of trading assets that it claims will give clients profit. There is an education center also provided for clients. Chart analysis is carried out and news about the market is also made available.

Atecs Capital Trading Platform

The platform offered by the broker is not MetaTrader but rather an online web-based platform that is not popular. Traders find this discouraging.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes mainly lots of digital currencies like Litecoin, Bitcoin, Ripple, Dash, Monero, Ethereum, ZCash USDT, and many more.

It does not state the leverages it offers to traders but we found a report that says it is a maximum of 1:20. Spreads are not metioned as well.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Atecs Capital

Deposit and withdrawal are available via credit cards, wire transfer and Skrill. It is encouraging to find this.

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This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $500 is required in order to start trading with this broker, this is very high compared to the average minimum of $100 to $250. Withdrawals via bank wire comes with a charge of $30 and take as long as 15 days to process.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Atecs Capital Licensed?

No. Atecs Capital is owned by Altos Group Ltd. and this is not a registered company. Like we also stated from the onset, the location does not give valid license to Forex brokers.

This information means that funds are not secured as they are no monitored by any governmental authority. Trading with unlicensed brokers is not advised.

Support

Interested people are invited to dial: +44 2080-899386 or email: [email protected]

Conclusion

We find that Atecs Capital is not licensed and unlike most brokers, it does not offer CFDs on commodities or even forex pairs. Its trading conditions are not well spelled out and gives it an overall shady appearance.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Atecscapital.com Review: Is Atecs Capital Legit Or Scam?

After doing some research, we found out that a lot of traders are reporting Atecs Capital and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thinking about a broker before using it and we can say that they are not saying good things about Atecs Capital.

What do regulators say about Atecs Capital ?

This is the most important thing you need to know about a broker before using it. Is Atecs Capital regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Atecs Capital is an unregulated offshore broker owned by Altos Group Ltd and located at 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica.

They can be contacted by phone at this number : +442080899386 or you can send an email to [email protected]

You should definitely avoid any unregulated or offshore broker and Atecs Capital is one of them.

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Atecs Capital Review – is it scam or safe?

RECOMMENDED FOREX BROKERS

Trading Accounts and Conditions

$55 on BTC/USD

Trading account	Min. deposit	Max. leverage	Spread
Basic	$500	1:20

Atecs Capital is a CFD broker registered in in the Dominican Republic that is focused on cryptocurrencies. Yet, there is nothing to guarantee the quality of the services provided, nor the security of clients’ funds – the broker is not licensed, and therefore not recommended. That being said, we have serious concerns regarding this broker, which are listed below, along with a few possible advantages.

Atecs Capital Advantages

Solid selection of coins

For all its faults, Atecs Capital at least offers decent selection of coins for trade. More specifically, its clients can trade in Bitcoin, Litecoin, Ripple, Ethereum, Dash, Ethereum Classic, Monero, NEM, Bitcoin Cash, OmiseGo, ZCash USDT, and more against USD, EUR, AUD, or other digital assets.

Some leverage provided

Although Atecs Capital has not disclosed this on its website, the leverage levels we saw on the trading platform are up to 1:20. We consider the availability of such leverage levels as an advantage, because not all crypto trading venues offer margin trading. Yet, keep in mid that higher leverage comes with a price – it brings along greater risk of losses.

Atecs Capital Disadvantages

No legit license

Atecs Capital is allegedly owned and operated by Altos Group Ltd., a company operating out of Dominica. Brokerages operating out of Dominica are bound by certain international banking regulations, however, forex businesses are not regulated at this time.

This means that clients of Atecs Capital have no assurance for the security of their funds and no authority to turn to in case they are defrauded or something goes wrong.

Trading conditions not fully disclosed

Information, or lack of it, is a solid criterion for judging a broker’s legitimacy. Scammers would not share much essential information about their operation and trading conditions and the reasons for this are pretty obvious.

That is why we consider the lack of information on spreads, leverage provided, etc., as a great disadvantage on the part of Atecs Capital.

MetaTrader not available

Furthermore, Atecs Capital offers trading on some unproven web-based platform. While it is simple and easy to use, there isn’t any room for comparison between this trading interface and the industry standard MetaTrader 4 (MT4), which is the favorite platform of several generations of traders.

Click on the image to view full size.

The main advantages of the MT4 are the superior charting, the automated trading strategies (EAs), and the programming environment, which allows for easy customization.

No CFDs on forex, indices, commodities, energies, precious metals, stocks

As we mentioned already, this broker only offers trading in cryptocurrencies in the form of CFDs. While the selection of digital coins available is solid, there aren’t any other assets to be traded at Atecs Capital. Most brokers offer wider variety of CFDs, which also include forex, indices, commodities, energies, precious metals, stocks, and more.

High initial deposit, withdrawal times & fees

According to the information on Atecs Capital`s website, one has to deposit at least $500 in order to start trading. This is at least double the industry standard.

As regards withdrawals. clients of the broker can allegedly withdraw via wire transfer, credit card, or Skrill. However, the average wait time for approval of a withdrawal request is up to 15 business days, and bank wire withdrawals are charged $30 each.

Conclusion

While we listed a couple of potential benefits of Atecs Capital, that was only for the sake of unbiasedness. This broker is one of the many entities exploring the frenzy around Bitcoin and other cryptocurrencies without any financial services license, and any guarantees for its clients. Most such brokerages are involved in all kinds of investment scam schemes, so investing in such companies is not recommended.

The only way to trade safely in this risky environment is to only deal with brokers holding licenses from reputable financial regulators like UK’s FCA, or Cyprus’ CySEC (in Europe). These regulatory agencies require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

And finally, here are the highlights of the present review of Atecs Capital:

Pros	Cons
Solid selection of coins	No legit license
Some leverage provided	Trading conditions not fully disclosed
MetaTrader not available
No CFDs on forex, indices, commodities, energies, precious metals, stocks
High initial deposit, withdrawal times & fees

Broker

Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker	Country	Regulation	Platform	Min Deposit	Review
Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
Cyprus, SVG	CySEC	MT5, Web, cTrader	$100	Review Website
Australia, Cyprus	ASIC, CySEC	MT4, MT5, Iress	$100	Review Website
Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
UK, Australia, Singapore	FCA, ASIC, MAS, BaFin	MT4, Web, ProRealTime, 2Dealer	$0	Review Website
UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
Belize	IFSC	MT4, MT5	$100	Review Website
Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
UK	FCA	MT5	$5	Review Website
UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website

Traders` reviews for Atecs Capital

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

Latest from Bitcoin trader,

The latest from Bitcoin Trader’s customer services four hours after posting my last Review yesterday was an e-mail telling me they are paying me the ВЈ2,150
my deposit.

I do not believe they will pay me because they don’t have my new bank details
after I changed them.

They have caused all this animosity, they didn’t think we would all fight them.

This will be my last review unless they cut up rough again. BEST WISHES. KEN

I just got my money back .

As I said in my recent review I had complained to my bank about Bitcoin Trader
and the Russian bank, to day I received the full amount FROM MY BANK paid into my account.

This is not from Atecs or their parent company Bitcoin Trader but the banking system in the UK. There is LAW AND ORDER HEAR!
Bitcoin Trader has tried to hide behind Atecs but now we know it is Bitcoin Trader and their Russian banks that is to blame.
BITCOIN TRADER IS A SCAMM they are crooks.(or is it the Russian Banks?)

Atecs update

In answer to Roberts update the changes have taken place with these companies Atecs Capitol is now called AtxCLP Customer Support Team working for Bitcoin Trader who are now back online and operating.
I have received 5 e-mails from them saying my balance has dropped from ВЈ3,844 to ВЈ200.00 and they will have to close my account unless I put more money in.
Obviously I will not be doing that but they told me to reply to the new ATxCPL Customer Support Team. it is obvious now that they are working with BITCOIN TRADER, I await answers from the banking groups in the UK.

Atecs Capital Update

Atecscapital did refund my Deposit 20/1/2020 and Ben Parker account Manager disappeared naturally such good con man ,this deposit on 3 January 2020 went to a Russian Bank account = Online Financial Servi MOSKVA as did my deposit to Aspenholding.co Servi MOSKVA 24/12/2020 who aswell since 7 January 2020 refuse to refund my deposit $261 since 7 January 2020 even though last week approved by James Account Manager who also gave me as CASH BACK $4,300 19/1/20 but unable to withdraw is suspect. do they both belong to the same group Ken Clark ?
ABSOLUTELY SCAMMERS OF FRAUDULENT DESIRES BOTH OF THEM

Confirm.. scam

I confirm that Atecs is scam.
As happened to a few, I was contacted last time by the financial officer (‘Ben Parker’ is the name he gave me, but who knows) on the 24th of January. The purpose of the call was to wish me a nice weekend.
No trace of him, the company, my account and money after that.
Also, all the documents from Hello Sign have magically disappeared.

Stay away from them.

final end to Atecs

Hi,
The Atecs website and the sister website BITCOIN TREADER are both offline now as from this weekend.
I have been waiting and hoping to get my ВЈ3,000 back but now I can let you know the information I have.
For companies to work they need a bank behind them Atecs and Bitcoin Trader
have a Russian bank backing them so they will be back under a new name, the banking laws in Russia seem to be lax to say the least.
I have contacted my bank in the UK and they are making a claim against the Russian bank on my behalf, contact your bank and do the same together we can cut the head of this group of criminals.

Atecs Capital Update

UPDATE TO 19/1/2020 Post
Wednesday 22 January 9pm NZT Ben Parker phoned and apologized & mentions my money has been refunded, I checked the email & a Automatic email Confirming that my WITHDRAWAL request has been completed. The funds have been approved and refunded 21/1/2020 at time of writing not received as takes a few business days so before end of January.Also noticed is alot of email records disappeared by the next day after the anydesk event ,but I am still looking,,can this be done by a viewer?
Ben Parker phoned 16/1 8pm NZT , I explained it took me 1 year to save USD $250 on the Pension and I need a refund because my girlfriend is in Prison and needs clothes like yesterday which Ben has offered to help with some clothes which is a generous offer of support as I’ve been waiting for this girl for 3 years

Xmas 2020 ,phone call to join Atecscapital was advised are Automated Algorithm also said by Ben Harper account manager,since had been requesting a WITHDRAWALsince 7 January 2020 of my deposit that wasn’t actioned then smooth talker Ben Parker got me to agree to download and install a ANYDESK 17/1/2020 = I had said to Ben not to look at my Private Information which he agreed to but once installed he IMMEDIATELY Searched entire pages , even tryed to get USD $250 withdrawal on my Mastercard (I had a Block on the card so transaction declined) then he spent along time trying to find my Internet Banking asking me which bank do I use (I don’t use Internet Banking so he stuffed up there) No record of Bank
He got me to install Anydesk on Lies . no automated service talked me into help me make some money $ but lost $80
THE BIG SURPRISE IS IMMEDIATELY ATECSCAPITAL WANTED TO DRAIN MY BANK ACCOUNTS and to Steal as ATECS CAPITAL UNREGULATED IS A SCAM TO DEFRAUD YOU BY ACCESS TO INTERNET BANKING and Credit Cards along with declined withdrawal = SCAMMERS then he disabled the internet by turning WIFI Off so I didnt know not working the next day an has done something bad to purchase online goods with my cards . unable to purchase I deserve a Big Apology but Atecs tells too many lies . good luck

money missing

Everything looks right at the beggining. With good attention in customers. But when I tried ti withdrwal my money I could not access to my account. I told to Mark Goldman that my money has not been returned. I am still waiting. It is a scam.

Follow up review

Hi,
I previously sent you a request for information about ATECS CAPTAL and
ALTOS GROUP LTD,
At that point I was worried about some things, but I am very happy with the
way things are going now and am sure my money is safe and it is a good
company, no problems now.
I would also like to SAY SORRY for any problems this may have caused the
companies.

Best Wishes, Ken Clark

I have ВЈ3000.00 with atecs capital.

At present they are pushing me hard to put more in but they will not let me withdraw any of my money.

I am still wondering if I have been scammed and will I be able to get my money back?
Can you recommend anything?

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