WikiFX Review: Is Amazer Trade worth investing in?

Amazer Trade is an online forex broker registered in the UK. This firm is pretty young, and it claims to offer financial services to its clients. However, this brokers recent behavior raises our concerns. Therefore, one question comes to mind: Is Amazer Trade trustworthy？ In this article, WikiFX provides a comprehensive review of this broker to help you better understand the truth.

What is WikiFX？

1. Evaluate the reliability of Amazer Trade based on its general information and regulatory status

To understand Amazer Trade better, we explore Amazer Trade by analyzing three main perspectives:

A. General Info of Amazer Trade

B. Regulatory Status

A. General Info of Amazer Trade

About Amazer Trade

On Amazer Trades website, this broker claimed itself to be the #1 investment and trading platform around the world, which is pretty hilarious. Amazer Trade considers itself the best trading app for smartphones and offers its users an unmatched trading experience along with great investment ideas that helps investors in making the right decision. It is known to have some of the best features that make it the best trading app in the world. (Maybe？)

Account

We dont know what the account types are since we have to register first.

Customer Service

People can send emails to Admin@Amazertrade.Co.Uk to contact this broker.

B. Regulatory Status

What is a Legitimate license？

• The legitimate license is the business license issued by the financial regulatory institution of each country/region.

• Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.

• Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.

• The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

The legitimate license of Amazer Trade

This broker is not regulated by any regulatory institution, which is one of the biggest reasons why this broker received a low score from WikiFX.

2. The feedback from Twitter

To figure out whether Amazer Trade is a scam or not, we did a survey about this broker on Twitter.

Reviews on Twitter:

• Amazer Trade does not have an official account on Twitter.

• It is hard to find feedback related to this broker on Twitter.

3. Exposure related to Amazer Trade on WikiFX

On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.

As of May 10, 2023, WikiFX did not receive exposure related to this broker yet.

4. Conclusion

We advise you to be aware of the potential risks as this unregulated broker has a pretty low WikiFX score. 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. We are willing and ready to help you out.