Atecs Capital Review
Atecs Capital is a cryptocurrency CFDs provider operational from the Dominican Republic. There is only one trading account available for trading that seems to be Basic. The broker is very suspicious and does not come under any financial regulation. This Atecs Capital review will give our readers an unbiased and detailed overview of this broker. Please make sure to read it till the very end.
About Atecs Capital:
To make this review unbiased, we will talk about the positives of this broker. The broker provides CFDs over many crypto coins, including Bitcoin, Litecoin, Ripple, Ethereum, Zcoin, NEM, Monero, OmiseGo, and several others. These cryptocurrencies can be traded against USD Tether or USD, EUR, AUD, and GBP.
The broker does not share its trading conditions on the official website. However, we got a chance to log on to the provided trading platform. The leverages we saw there were 1:20. Considering the intangible aspect of crypto coins, the leverages are quite high—higher leverage levels higher the risk of loss. Usually, leverages provided on crypto coins are ranging from 1:2 to 1:10.
Altos Group LTD owns and manages the brokerage brand Atecs Capital. The broker is operational from the Dominican Republic, and the worst part about its jurisdiction is that it does not regulate forex and CFDs brokers. It means the broker is unregulated, and investments in unregulated brokers are not safe.
Another worry with this broker is that it does not share any information about its trading conditions. Also, the minimum deposit required is $ 500, which is considered high. Several legit brokers have a minimum deposit of $ 10 or less.
The withdrawals at Atecs Capital are quite tricky, and its processing requires 15 business days. It also applies salty withdrawal fees to traders.
The offerings of this broker are restricted to cryptocurrencies only, and limited trading assets are risk-oriented. Many brokers provide other trading assets like forex, commodities, energies, metals, and stocks as well. The very famous trading platform MetaTrader is not offered to their clients.
Is Atecs Capital scam or legit?
The broke Atecs Capital is operational from the Dominican Republic, and the country does not regulate brokers. The trading environment is not shown on the official website. However, what we saw on the trading platform is not attractive. The initial investment is also high, and withdrawals require 15 working days. The withdrawal fees are too high and need 30 dollars per withdrawal request. Atecs Capital is a potential Australian trading scam. Be safe and avoid it.