Overview of AHM
AHM Forex is a UK-based unregulated company that has been in operation for 5-10 years. AHM offers trading services in various market instruments. The company provides three main account types: Standard, VIP, and Raw, each offering different leverage ratios, spreads, and minimum deposit requirements. The Standard account requires a minimum deposit of $250 to as much as $10,000.
AHM Forex offers a range of deposit and withdrawal options, such as bank wire, credit card, debit card, and e-wallets. They utilize the MetaTrader 4 (Counterfeit) trading platform, and customer support is available through email. However, their credibility may be questioned due to the lack of a website, which affects accessibility and transparency. The company operates in an unregulated environment, which could be a concern for potential traders seeking regulatory oversight and protection.
Regulation
According to the Financial Conduct Authority (FCA), AHM Forex has been labeled as a suspicious clone, meaning that the company in unregulated. This designation suggests that the company is suspected of operating as an unauthorized and fraudulent entity that may be imitating or misrepresenting a legitimate financial firm.
The term “clone” in the context of financial regulation refers to fraudulent entities that mimic or replicate the identity and branding of legitimate financial firms. These clones often use misleading information and fake credentials to deceive unsuspecting investors. The risks associated with dealing with a suspicious clone like AHM Forex are substantial.
Pros and Cons
AHM Forex offers a variety of tradable assets and the availability of multiple trading options may attract traders with different preferences and risk appetites. Additionally, the company provides three account types each tailored to different trader needs. The presence of a dedicated account manager for both Standard and VIP account holders could offer personalized support to clients, enhancing their trading experience. Furthermore, the provision of free signals for Standard and VIP accounts may provide valuable insights for traders in making informed decisions. The option to use bank wire, credit card, debit card, and e-wallets for deposit and withdrawal offers flexibility and convenience to traders in managing their funds.
AHM Forex's unregulated status raises concerns about the level of oversight and protection provided to traders. The absence of a functional website limits accessibility and transparency, hindering potential clients from accessing essential information and services online. The use of a counterfeit version of the MetaTrader 4 trading platform poses security risks and questions the company's reliability. The highest leverage ratio offered may expose traders to significant risks, especially considering the company's unregulated status. Moreover, the Raw account, which charges a commission of $3 per round turn, might not be favorable for traders seeking a more cost-effective option.
Inaccessible Website
AHM Forex's lack of a website creates significant accessibility issues for potential traders. Without a functional website, traders are unable to access crucial information and services that are typically offered online. The absence of an accessible website hampers the company's credibility as it fails to provide essential transparency and communication channels.
Furthermore, the inability to access an official website means that traders are unable to create a trading account directly. Online account registration is a standard and convenient process for traders, allowing them to get started quickly and easily. However, without a functioning website, traders are forced to rely on alternative and potentially less secure means of account creation.
Market Instruments
AHM Forex provides a comprehensive range of market instruments, including forex, stocks, indices, commodities, and cryptocurrencies.
Forex: AHM Forex offers forex trading, providing access to the foreign exchange market for trading various currency pairs. This allows traders to speculate on the fluctuations in currency exchange rates without physical ownership of the underlying assets.
Stocks: Traders on AHM Forex have the opportunity to trade stocks, enabling them to invest in shares of publicly traded companies and potentially benefit from their price movements.
Indices: AHM Forex facilitates trading in indices, allowing investors to speculate on the performance of a group of stocks representing a particular market or sector.
Commodities: This company also offers commodities trading, giving traders the ability to speculate on the price movements of various commodities, such as gold, silver, oil, and agricultural products.
Cryptocurrencies: AHM Forex includes cryptocurrencies in its offerings, enabling traders to buy and sell digital currencies like Bitcoin, Ethereum, and others.
The following is a table that compares AHM Forex to competing brokerages:
Account Types
The account types offered by AHM Forex are Standard Account, VIP Account, and Raw Account. Specifics are as follows:
Standard Account: AHM Forex offers the Standard Account, which requires a minimum deposit of $250. This account type provides leverage of up to 1:30, allowing traders to control larger positions with a smaller amount of capital. The spread for this account is 1.0 pips, representing the difference between the buying and selling price of an asset. Traders with the Standard Account can benefit from free signals, which provide valuable insights for making trading decisions. Additionally, they have access to a dedicated account manager who can offer personalized support and assistance.
VIP Account: The VIP Account is designed for more experienced and high-volume traders, requiring a minimum deposit of $5,000. This account type offers higher leverage of up to 1:500, allowing traders to take on larger positions with a smaller margin. The spread for the VIP Account is reduced to 0.5 pips, potentially resulting in lower trading costs for clients. Similar to the Standard Account, VIP Account holders also receive free signals and have access to a dedicated account manager for personalized support. Furthermore, they gain exclusive access to advanced trading tools, which may enhance their trading experience and strategies.
Raw Account: The Raw Account is targeted at traders seeking tight spreads and direct market access. It requires a minimum deposit of $10,000 and has no leverage available. Instead of the spread, this account charges a commission of $3 per round turn, which could affect trading costs. Raw Account holders do not receive free signals or dedicated account manager support, but they may prefer this account type for its commission-based fee structure and direct market execution.
The specifics of the account types are as follows:
Minimum Deposit
AHM Forex offers different minimum deposit rates for its account types. The Standard Account requires a minimum deposit of $250, the VIP Account has a higher minimum deposit of $5,000, while the Raw Account demands the highest minimum deposit of $10,000. These varying deposit requirements cater to traders with different levels of experience and capital, providing options for both beginners and high-volume traders.
Leverage
AHM Forex provides varying leverage ratios for its account types. The Standard Account offers leverage of up to 1:30, while the VIP Account allows traders to access higher leverage of up to 1:500. However, the Raw Account does not provide leverage, meaning that traders using this account type have no leverage available for their trades. This diversified approach to leverage options enables traders to select an account type that aligns with their risk tolerance and trading strategies.
The following table compares the maximum leverage offered by AHM Forex and other mentioned brokers:
Spread
AHM Forex offers different spreads for its account types. The Standard Account has a spread of 1.0 pips, which represents the difference between the buying and selling price of an asset. On the other hand, the VIP Account offers a lower spread of 0.5 pips, potentially resulting in lower trading costs for clients. However, the Raw Account has a spread of 0 pips, as it operates on a commission-based fee structure. The spread options cater to traders with varying preferences, allowing them to choose an account type that suits their trading style and cost considerations.
Deposit & Withdrawal
AHM Forex offers a variety of deposit and withdrawal methods for traders' convenience. Traders can fund their accounts using bank wire transfers, credit cards, debit cards, and e-wallets. Bank wire transfers are a traditional and secure method of transferring funds directly from the trader's bank account to the trading account. Credit cards and debit cards provide a quick and easy way to deposit funds, while e-wallets offer a digital and convenient option for managing transactions. Similarly, these methods can be used for hassle-free withdrawals, allowing traders to access their funds in a timely manner and efficiently manage their trading activities.
Trading Platforms
AHM Forex provides its traders with the MetaTrader 4 (Counterfeit) trading platform. MetaTrader 4 is a widely recognized platform known for its user-friendly interface, advanced charting tools, and various technical indicators that assist traders in analyzing market trends and making informed trading decisions. However, it is important to note that AHM Forex's MetaTrader 4 version is labeled as “Counterfeit,” which may raise concerns about the platform's authenticity and reliability.
The table comparing the trading platforms of AHM Forex and other mentioned brokers is as follows:
Customer Support
AHM Forex offers customer support through solely email. Traders can reach the customer support team by sending inquiries, questions, or concerns to the email address service@ahmforex.com. While email support allows traders to communicate with the company, it may not provide immediate assistance compared to other real-time support options.
Having only one support option, which is email, can be a disadvantage for traders at AHM Forex. Email support might not provide real-time assistance, leading to delays in resolving urgent issues. Moreover, traders who prefer immediate responses may find the lack of alternative communication channels limiting and less convenient.
Conclusion
In conclusion, AHM Forex is an unregulated trading company that has a range of tradable assets, including forex, stocks, indices, commodities, and cryptocurrencies. The company provides three account types - Standard, VIP, and Raw, each with varying leverage ratios, spreads, and minimum deposit requirements. Traders can choose from multiple deposit and withdrawal options, such as bank wire, credit card, debit card, and e-wallets.
However, AHM Forex's credibility is questionable due to the absence of a website, which restricts accessibility and transparency for potential clients. Moreover, reliance on a counterfeit version of the MetaTrader 4 trading platform may also raise doubts about the company's reliability and security. These factors combined make for a brokerage with a high risk factor, decreasing credibility.
FAQs
Q: What types of tradable assets does AHM Forex offer？
A: AHM Forex offers forex, stocks, indices, commodities, and cryptocurrencies.
Q: How many account types are available at AHM Forex？
A: AHM Forex provides three account types: Standard, VIP, and Raw.
Q: What is the minimum deposit for the VIP Account？
A: The VIP Account requires a minimum deposit of $5,000.
Q: Which trading platform does AHM Forex offer？
A: AHM Forex offers the MetaTrader 4 (Counterfeit) trading platform.
Q: How can traders contact customer support at AHM Forex？
A: Traders can reach customer support through email at service@ahmforex.com.
Q: Is AHM Forex a regulated company？
A: AHM Forex is unregulated, which may raise concerns for potential traders.
