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ANCFX

Item: ANCFX
Rating: 1.57

Australia|5-10 years|

Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

http://www.ancmarkets.com/en/

Website

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Contact

info@ancmarkets.com,info@ancmarkets.com

http://www.ancmarkets.com/en/

Level 1, 36 Mills Street, ALBERT PARK VIC 3206

Licenses

ASIC Suspicious Clone

Australia Investment Advisory License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

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40G

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This platform is a Ponzi Scheme. Please stay away! 3

Previous Detection : 2024-11-18

This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

The AustraliaASIC regulation (license number: 490542) claimed by this broker is suspected to be clone. Please be aware of the risk!

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ANCFX · WikiFX Survey

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ANCFX · Company Summary

General Information

Established in 2016, ANC FX is the trading name of ANC Wealth Pty Ltd, a company located in Melbourne, Victoria, Australia. ANC FX says it offers an extensive range of trading products, including currencies, indices, stocks, and more.

Official Website Unavailable

Since ANC FXs official website cannot be accessible for the moment, we could only pick up some relevant information from some broker review websites to get a rough idea of this broker.

Market Instruments

Tradable financial instruments available on the ANC FX platform include forex currency pairs, indices, stocks, and cryptocurrencies.

Minimum Deposit

In terms of the minimum deposit requirement, ANC FX does not disclose this part. In most cases, most brokers would require traders to fund at least $100 or an equivalent amount to start trading.

Leverage

No trading leverage information is found anywhere. Keep in mind that leverage can amplify gains as well as losses, so inexperienced traders are not advised to use the too-high lever.

Spreads & Commission

ANC FX says it provides competitive spreads for its clients, but it does not specify spreads on particular instruments.

Trading Platform Available

When it comes to trading platforms available, ANC FX does not make this part clear. However, one thing we can be sure of is that what ANC FX offers is not the famous MetaTrader platform.