AnyTrades Review
Reason to avoid: Offshore License
Listed Date: May 21, 2020
Top 3 Forex Brokers
Beware AnyTrades is a Non-Regulated broker. It is NOT SAFE to trade.
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Is AnyTrades Scam or Legit broker?
AnyTrades is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. AnyTrades is authorized, licensed, and regulated by the VFSC (Registration N: 14691), which means AnyTrades is an offshore company registered in Vanuatu and registered with a Vanuatu Financial Services Commission license.
- Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial established capital which is $2,000 only, pay a fee, and within 2-3 months, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as FX NextGen, Titan FX, and more.
About AnyTrades
| 🗺️ Registered in | Vanuatu |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is AnyTrades safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
What is AnyTrades?
AnyTrades was established in 2016 and claims to be one of the best CFD providers in the world with an innovative award-winning trading platform. This Forex brokerage company provides a wide range of trading options, platforms, and strategies for investors in today’s exciting and rapidly expanding Foreign Exchange Market. AnyTrades offers Contracts for Difference (CFDs) on 5 different asset classes: Forex, Shares, Indices, Futures, and Commodities. The broker also claims to provide a variety of trading tools to the trader's advantage, offer the latest trading platforms to ensure your strategy implementation, and provide 24/5 multilingual support tailored to your needs. Despite all these claims, the main question is always the broker’s authorization.
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Also, the broker claims to have offices in Denmark, Liechtenstein, Gibraltar, and Malta. However, the firm is not regulated in these countries and is not allowed to offer financial services. All the reputable brokers in Europe have licenses from such popular authorities as the German Federal Financial Supervisory Authority, Swiss Financial Market Supervisory Authority, or Cyprus Securities and Exchange Commission.
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Last, but not least, the awards mentioned on the website are fake as there are no such nominations and this broker was never nominated for any Forex award.
Deposits and Withdrawals
The required minimum deposit is exceedingly high at $500. Deposit or withdraw can be made via the standard Visa and MasterCard, Wire Transfer, or e-wallet Skrill.
- As to the withdrawals, the broker does not mention any withdrawal fees, but since it is unregulated we can’t be sure the information provided on the website is true. They also state each account gets a bonus promotion and a trader has to achieve a certain trading volume in order to be eligible for withdrawal. This really looks like another scam. Licensed brokers do not usually offer such promotions or if they do, they are very transparent about it on their website/ trading conditions.
Apps
AnyTrades mobile app is available to its traders. Mobile trading allows traders to manage their accounts from portable devices like smartphones, pockets, and tablet PCs. In MetaTrader 4, mobile trading offers a great variety of analytical options and a graphical display of quotes in addition to complete trade account management. Using mobile terminals in daily activities offers a convenient way to keep up with accounts when traders don’t have access to a desktop computer. AnyTrades mobile app is compatible with all Android and iOS devices.
Demo Account
AnyTrades demo accounts. It allows you to experience some risk-free trading to get you prepared for the real thing. No matter your trading level, Spectre.ai demo accounts are the perfect place to practice your skills and become a better trader without spending any of your own money.
AnyTrades Review Conclusion
We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.
AnyTrades Update
Based on our findings, the AnyTrades website is no longer active. This means the broker has muted its trading offerings and does not operate, however, we recommend avoiding and staying alert in case of any proposals.
AnyTrades run a facebook advert with a button to click if you are interested in more information. After clicking the button they messaged me and told me they'd call me later. A certain Nick Sanchez from Denmark called me later on +45 78 150480 and lured me into registering with them and I would have my profits double within a week as oil prices were fluctuating a lot in early April. When I told him I don't have 500 euros he said he'd request for me a deal where I register with 250 euros and I sent the money. I was immediately forwarded to a cluster manager called George Bello from Malta who called me every day on +356 2778 2118 for the next 5 or so days showing me how the trading platform works but he could do everything himself and I could find profits of 20-40 euros each day. After 2 weeks George called me with a new deal that if I deposit an additional amount it would be doubled by the company because we needed to have a trading amount of like 1000 euros so that we can do good business and get good money. I added only 200 euros and he said its ok. After one month George called me asking that I deposit more money as he needed money in my trading account without explaining what happened to the money I had. He told me there's nothing he can do if I don't add him money for trading. Meanwhile I got emails from Anytrades saying that my account was below the required level and I risk losing it. After two days the trading platform showed that I made losses after losses and when the account had nothing they closed it down without any word from George. Subsequent emails to ask him what happened still remain unanswered. I wish there is a way I can make the public know that Anytrades is a scam. Thanks
No news available.
To everyone that is considering using Anytrades / Any-trades as a broker or is already with them. Leave as soon as possible if you can. You will never be able to withdraw your money even if you are in profit. I am currently with them. I have not lost my money as i realised what these scammers are trying to do, however they are not allowing me to get my money back. They will come up with all sorts of reasons and excuses. Read their terms and conditions. Stay away! David Cohen, Erik Goldberg, Jeff Dalio, Kim Torrez, George Bello, William Hoffman and others. these are most likely fake names and they will come up with new ones. Their social trading system with fake profiles is also designed to make losses for traders that decide to follow them. You will not be able to take this “company” to court. Please please stay away from these criminals.
Good morning Scamsters, i am a very unhappy and also sad client,too see how you steal your clientele’s money.
I have experience the same in the last few months,loosing $5000 overnight on oil, this will make my case just so much easier.Exacly the same as the first $5000.
I will forsure take this further with my attorney and the finace board that already notified me that i have a case and that the Anytrades company are under the radar.
You guys have not followed the right protocol and are unlicensed and unregulated.
My name is Jannie Smit and you will hear from us very soon.
Have a good day and i will make sure that this company will stop with the way you steal peoples money.
Hi all just wanted to add to say stay away from Anytrades they are a scam they prey on novice traders and reel them in with unrealistic goals using clever sales speech. I dealt with no doubt a fake name of David Cohen. This peaple have no morals and steal money of innocent victims. Anytrades are the skidmarks of society.
Anytrades.com or any-trades.com or anytradeconsultamnts.com all part of the same scammers setup, please, please stay well clear of this company, they are crooks, you will not get your money back, they will do everything to keep you hanging, making account run high running negative, asking you wait for weeks, guide you to open trades against the trend without stop loss in place to keep creating a massive negative so you cannot take your money.
if you do decide to close the account, make sure to cut all copy traders first from your account otherwise all will be lost in one night as it did in my case.
Best of all to stay well clear of this scam setup. Go charge back route, you might get something back, i have lost £4500/- so far, hoping to get this back through my Bank
AnyTrades is a big scam- please everyone stay away from them. I have just been scammed today. All my money vanished–
Big Scammers…As soon as I requested a withdrawal, they took all my mone
They have done it to me. They were so plausible. The trades were going well. I doubled my money and was encouraged to put more in to get even higher profits. I was so trusting because I was new to trading and wanted to find out more. At least I have learned bit about trading and will do it again but next time I will check out the trading platform now I know how evil the scammers can be. Also I will do my own trades and never trust someone to do trades for me again. I will listen to “experts” but I will be the one doing the trading in future.
I have had a very expensive lesson and hopefully learned a bit the hard way.
I will attempt the charge back procedure with my bank.
Absolute scam as soon as they know you not prepared to put extra money in or have no extra to put in then they just wipe out all your profits do not trust
How do they benefit if the account is blown?I Aldo lost $
They have done exactly what has happened to me can you get your money back?
what was the reason they dont want to return your money? who were you dealing with from Anytrades?
Hey guys, I have also fallen into this trap and will now file charges and demand my money back. Thank you for sharing your experiences.
regards, Gaby
Anytrades have designed a new scam & they call the customers that you have profit in Bitcoin for that you need to open a wallet be aware of this new scam they will empty your account and run away they called me but i managed to survive their trick you guys must also be aware.
Anytrades is a scam. No doubt. They will not let you withdraw any funds at all from your own account.
Stay away from this shitty scam company.
please people should beware iof these Organisation ‘ANYTRADES” they came at first with a proposal that is a one in a life time investment organisation and they are not BITCOIN and they are legit , it was the second time i trusted a trade online and was scammed, i invested at first tghen they said i must invest a secodn time in the next month that my balance was no longer sufficient , i started yielding profits on the profile so end of last month i intended to wirhdraw my profit since i have gottenin the profile more than x2 of what i invested , they said ok it will be processed then in few days time they wiped all my profits away from the profile and said i must invest again that i cant withdraw i was so mad and asked for refund of all my invest they then said before a week time they will refund , so today i noticed they emptied now the profile no more funds and closed it, i plead with others not to trust and believe these criminals with this Online trade Platform tricks …….ANYTRADE is a scam organisation i only needed my invested fund money back now their mails dont go anymore and put all my messages on Mailerdeamon…. they are SCAM