The main motive of Scam Victims Help is to identify the scam brokers in the market and let the traders know about their scammy activities. We warn traders to stay away from the scam brokers if they want to keep their hard earned money safe from scams. Al Awal Markets review is collected after a lot of efforts and we finally conculuded that the traders should not invest with Al Awal Markets broker since their investments may not be safe with Al Awal Markets.
Broker Name – Al Awal Markets
Broker Website – https://alawalmarkets.com/
Headquarters or Area of Operation – Suit 305, Griffith Corporate Centre Beachmont, P.O.Box 1510, Kingstown St. Vincent and the Grenadines
Warnings – Not recommended by review website like Scam Victims Help
When was the Al Awal Markets website domain set up?
|Date Registered||November 01, 2021|
|Domain Age||10 months, 19 days, 3 hours, 21 seconds|
Reasons why Al Awal Markets Review is negative
Having the potential to make someone go into a debt trap, scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money. Al Awal Markets is found to possess some or all of the following traits of a scam broker. Please read them below and verify with Al Awal Markets.
Al Awal Markets Review: Regulation
Mostly, unregulated brokers offer investment opportunities that look and sound very attractive with the highest potential gains. Try to avoid such brokers as they must be trying to divert your attention from the regulation part. Sometimes, unregulated brokers share fake information about the regulation, true information is consistently open through the regulator’s sites, so analyze it cautiously.
In our case, Al Awal Markets is unregulated, which is a major red flag against the broker in this Al Awal Markets review. Check out more unregulated and untrustworthy scam brokers in our Scam Broker 2022 list.
Al Awal Markets Review: Leverages
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If this broker offers leverage more than this, it is a sign that Al Awal Markets is a potential scam.
Al Awal Markets Reviews: Deposit and Withdrawal Methods
Al Awal Markets claims to accept payments with VISA, Mastercard, and several crypto coins including Bitcoin, Ethereum, Ripple, and USD Tether. They also claim that many e-wallets will soon be available – namely Skrill, Neteller, Perfect Money, and PayTrust. Otherwise, the minimum deposit requirement is said to be just 10 USD.
Al Awal Markets Reviews: Complaints
You can find many negative Al Awal Markets reviews on the web. We advise you to do a search for online reviews of brokers. A conventional web search can give experiences into whether negative remarks could simply be a disappointed dealer or something more serious. A decent enhancement to this kind of search is our scam brokers 2022 list, which indicates who are scam brokers and why you should avoid them. Acquire a more clear comprehension of the guidelines for forex brokers and any other brokers.
Is Minimum Deposit permissible?
The minimum deposit is generally asked in very small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is extremely common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chance of a scam.
Al Awal Markets Review: Conclusion
To sum up, all that has been said above, we give you the power to decide whether the broker is a scam or not. We request the readers move forward with extreme caution. If you have been a victim of Al Awal Markets scam or any other broker, do not feel embarrassed.
Victims of forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, or any number of scams should raise their voices. This will not only help them but all the victims who are struggling to get their deposits back. Apart from this, it will also help other people to be alert from such scammers and scams.
File a complaint right now and get instant help from our team in fund recovery!
Visit our Facebook page
Visit our Twitter profile
Read our Quora updates