The "Perfect" ATRI Turned Out to be an Illegal Broker
z88;z88;Brokers on the forex market always strive to present their clients a perfect image, but sometimes such a flawless image may turn out to be a lie. Recently, Mr. Liu told WikiFX about how ATRI, a deceptive illegal broker, had rejected his withdrawal and suspended his trading account for no reason.To get more news about ATRI, you can visit WikiFX news official website.
This August, Mr. Liu was introduced to ATRI by an IB and started investment on the platform. Though still young and not very experienced, Mr. Liu still made considerable profits within a month through his keen sense about the market trend. Yet when he applied to withdraw part of the fund, the illegal broker‘s risk control department suspended his account for alleged violation of platform’s restrictions, apparently not willing to let Mr. Liu claim his investment profits.
z88;z88;Not only couldn‘t Mr. Liu take his profits, he wasn’t even able to withdraw the initial deposit. After that, he contacted the broker‘s IB agent for several times, but the latter offered no concrete solution besides prevarications and soon stopped answering his questions altogether. Up till now, Mr. Liu’s account remains unavailable and he still cant withdraw his money.
After receiving Mr. Liu‘s report, WikiFX checked ARTI’s official website and its regulatory information and found the following 2 aspects that appeared suspicious.
z88;z88;Firstly, the brokers official website has both English and Chinese versions, but we noticed that the Chinese version claims the broker has NFA regulation, while the same information was missing from the English version.When looking at ATRI‘s website, we noticed that it has made great efforts to impress investors as a compliant and strong broker. The broker claims to be a settlement member of prestigious global exchanges such as CME(Chicago Mercantile Exchange) and NYMEX(New York Mercantile Exchange), while boasting other highlights such as MT4 trading software and fixed spread. Fooled by the sense of superiority created by such false claims, inexperienced investors like Mr. Liu often end up suffering heavy losses from the illegal broker’s trap. But the false regulatory information reveals more about ATRIs real status than any of its deceptive self-proclaimed advantages.
z88;z88;Therefore, investors need to verify and cross-check a broker‘s profile through multiple sources to ensure it’s truly compliant and credible. Do not rely solely on information from brokers official site or advertisements.
z88;z88;According to WikiFX App, ATRI which is currently unregulated has been in business for less than a year and uses white-label MT4/5 trading software. The broker is rated at only 1.68 on WikiFX App, bearing significant risks, and WikiFX reminds investors to stay away from it.