AtlasFMI Review: Atlasfmi.com Abysmal Forex Scam
AtlasFMI (Atlasfmi.com) is a CFDs, Cryptocurrency, and Forex scam platform with an unknown origin. Atlas FMI is claiming to offer attractive spreads and yet, they don’t have any address. Without a valid trading address or contact, it makes this an anonymous trading platform. And this is why majority of members have been crying foul over lack of withdrawals. Read this genuine and honest ATLASFMI Review and get to know more.
About AtlasFMI
When it comes to the trading background, not a lot of information has been posted. Scam artist will create a website designed to fool unsuspecting investors. And this is exactly what AtlasFMI is doing. They have come up with an enticing platform which offers attractive features. The result is a platform that is full of angry members. Stay safe while trading online by using approved and vetted brokers. With expert recommended brokers, you stand chance to win big and stay safe.
AtlasFMI is a scam website which has been designed by anonymous people. The idea is to entice traders to deposit funds thinking that it is a real genuine trading platform. Members issues with contact as once they deposited funds, it is the last they heard of the broker. The scam artists have blocked their accounts once members sent a withdrawal request via email. Stay away from Atlas FMI as it is a rotten online scam platform. We hope authorities will take over and shut down their entire platform.
Affiliate Programs
The problem with their affiliate program is no one is paid for it. Signing up for their affiliate program is easy as they claim to offer education and support tools. After signing up, members get a unique affiliate link to help track their referrals. The main problem is AtlasFMI is a scam and affiliate members will be considered accessories to online fraud. It is best to stay away from this illicit trading platform. No member has pocketed from any sales made by the platform making it an affiliate scam program.
Assets Offered
The platform offers CFDs, Cryptocurrency, Forex, and Shares. Some of the digital currency assets include Bitcoin, Etherium, Litecoin, and Ripple. Forex assets include currency pairs. They claim to offer base and quote currency as well as competitive spread. Leverage is not indicated but the accounts have different leverage. The leverage quoted is 1:200 and 1:500 for the advanced and basic account respectively. AtlasFMI has a website that is not user-friendly as scrolling down is not possible on other pages.
Domain Details
The platform does not reveal their trading history and we had to check their domain details. Using the trusted domain register whois.net, it shows the platform was recently created. According to actual data, AtlasFMI is a website which was created on 12th December 2019. And this is proof we are dealing with a recently created platform. These are scam artists who are targeting unsuspecting online investors. In most cases, scam artists target European investors who want a piece of the digital trading world.
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Educational Materials
Atlas FMI is claiming to have the necessary educational materials to help newbies. They claim to use EBooks, Videos, and Webinars to help train beginners. None of the members were introduced to any training courses which makes their education a scandal. Scam artists will do or say anything to try and make their platforms appear legit. Make sure to use approved products and services that offer the right training materials. Stay away from Atlas FMI as this is another offshore led scam platform.
License and Registration of AtlasFMI
When it comes to their license and registration, AtlasFMI fails to produce any valid documents. It is expected that a platform will post details of their license numbers for all to see. We checked their entire website for license and registration details but couldn’t find any. These scam artists are just toying around with investors. Since no one knows where they are actually based, we decided to check with most regulatory bodies. It is shocking that none of them has ever licensed or registered this platform.
Some of the regulatory bodies we checked include ASIC, CNMV, CONSOB, CySEC, FCA, and FMA. None of them has ever heard of this platform. And this means Atlas FMI is NOT LICENSED OR REGISTERED. Anyone who signs up with this platform will be in a soup of trouble. The platform does not insure funds as dictated by law which makes it a troublesome venture. Without deposits being insured, it means members will lose funds and never get any compensation.
Limitations of AtlasFMI
Account types
AtlasFMI is furnishing members with three account types to choose from. Accounts listed include Classic, Pro, and VIP. These accounts come with market execution type and no requites on execution quality. The spread minimum is quoted at 0 and 1.5. Marginal call and stop out is quoted at 80 and 50 percent. Minimum trade volume is 0.01 lots while the maximum trade volume is 1000 lots on all account types. The basic account minimum deposit is $250 and leverage is 1:500.
Bonus and Rewards
The platform claims to have bonus and reward system to members. These bonuses are used as a trap to get investors to sign up more with huge deposits. Some of the rewards include a welcome bonus of 100 percent for newbie members. Once you deposit and get the bonus, you will never be able to withdraw unless you pay back the bonus. A member who deposited $4,000 gets a bonus of the same amount and never withdrawals even a penny. They have to pay back the full depository amount before any withdrawal is considered.
Contact and Support
When it comes to contacting the platform, these scam artists only use email. They have posted an email address with no other contact detail. Members can’t call or send a letter to them. The platform also fails to offer live chat support which is weird. Today’s trading platforms come with live chat to enhance the trading sessions. These scam artist are clearly planning to stay away and don’t want to be bothered. Stay away from platforms that never allow withdrawals. These are scam artists who want to steal funds and remain anonymous.
Deposit and Withdrawal
When it comes to depositing funds with this platform, the broker has this covered. Members will use depository channels such as MasterCard, Visa, Yandex, and others. The main problem with these depository channels is they are never safe. Lack of SSL encryption enables hackers to steal vital data such as credit card information. Withdrawing funds still remains the biggest obstacle with using AtlasFMI. No member is able to withdraw as their accounts get blocked once they send withdrawal requests.
Trading platform
AtlasFMI is claiming to use MT4 trading terminal which is a lie. These scam artists have posted they use MT4 trading account to lure investors. In real sense, they are using a web based platform with no security features. Members have noticed the platform is slow at executing trades. The reason for this is AtlasFMI is having an unstable platform. Their platform is not compatible with various devices such as smartphones. Traders who prefer to trade on the go are in for a rude surprise.
Safety of funds with AtlasFMI
When it comes to how safe funds are, Atlas FMI is never going to guarantee it. Security of funds is never guaranteed by a platform that does not segregate accounts. It means Atlas FMI is pooling funds in one account. Traders should not expect any compensation as the platform does not participate in any compensatory schemes. These scam artists are putting your funds at risk due to their inability to use secure protection.
Scam or legit AtlasFMI
Stay away from this platform and never use any of the programs they offer. We have to list AtlasFMI as a scam and hope authorities will investigate and shut them down.
Verdict
We hope you will warn your family and friends from joining the platform.
Stay safe by using approved Cryptocurrency trading robots vetted by Crypto experts.
Wishing you the very best.
July 23, 2020 @ 4:44 pm
Atlasfmi is a scam. Cant log in so they have change their name again. Stay away from them, i lost lots of money!!!