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WikiFX Review: Something you need to know before investing in ATHENS
Abstract：ATHENS is an online forex broker offering a couple of financial instruments. But can this broker protect your funds? In today’s article, we made a comprehensive review of this broker so that you can have a better understanding of ATHENS before investing in it.
About ATHENS
ATHENS, also called Athens Markets Limited, is allegedly a forex broker based in the Virgin Islands, providing a couple of financial instruments, including forex, currency pairs, cryptocurrencies, stocks, and indices.
Account Types&Minimum Deposit
There are two live trading accounts offered by Athens, apart from demo accounts, namely Athens Standard and Athens Pro. However, the broker didnt directly reveal any information about the minimum initial capital in the absence of login.
Regulation: Is ATHENS legit？
No, ATHENS is not regulated by any regulatory authorities. Unregulated brokers are more likely to take clients money away fraudulently. This means if something goes wrong, no one can hold it accountable. Therefore, WikiFX has given it a low score of 1.17/10 as a warning.
Leverage
This broker offers leverage of up to 1:500, which is considered high. Since leverage can magnify gains as well as losses, newbies and inexperienced traders are not encouraged to use it.
Spreads & Commissions
Spreads and commissions are influenced by what type of accounts traders are holding. Athens reveals that the spread on the Athens Standard account starts from 1.5 pips with zero commissions, while the clients on the Athens Pro account enjoy the lower spreads from 0.01 pips with flat-rate commissions.
Trading Platform
According to ATHENS‘ website, Athens says to give traders the world’s most widely-used MetaTrader5 trading platform, available on all devices.
Deposit & Withdrawal
Athens accepts payment methods via Bitcoin only, yet no specific information about the minimum deposit and withdrawal amounts is involved on its official site.
Restricted Area
Conclusion
Although WikiFX does not receive complaints related to this broker, it does not mean that it is safe to be invested in. WikiFX only gives this broker a rating of 1.17/10. We advise you to do more research before making a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself. If you have any problems with this broker, please do not hesitate to contact WikiFX. The global customer service of WikiFX is +234-706 777 7762 on WhatsApp. Or you can call +65-31290538. We are willing and ready to help you out.
Click on ATHENS' WikiFX page for details
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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