ATC Plus is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that ATC Plus may be a scam.
Company Overview
ATC Plus was established in 2005. The company is headquartered in St. Vincent and the Grenadines, which is a well-known offshore financial center. ATC Plus is not regulated by any major financial regulator, such as the Financial Conduct Authority (FCA) or the Commodity Futures Trading Commission (CFTC).
Team
The team behind ATC Plus is anonymous. There is no information available about the company’s management or employees.
Services or Products
ATC Plus offers a variety of trading products, including forex, CFDs, and cryptocurrencies. The company also offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5. However, there are no reviews of ATC Plus’s trading platform available online.
License and Regulations
ATC Plus is not regulated by any major financial regulator. This means that there is no governing body to oversee the company’s activities and protect its clients. They claim they are regulated by FCA and CIMA. But when we searched with FCA, there were no result
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why dealing with an unlicensed broker is risky. First, unregulated brokers are not subject to the same rules and regulations as regulated brokers. This means that they are more likely to engage in fraudulent activities, such as misappropriating client funds or refusing to allow withdrawals.
Second, unregulated brokers are not required to keep client funds segregated from their own funds. This means that if the broker goes bankrupt, your funds could be lost.
Third, unregulated brokers are not subject to dispute resolution procedures. This means that if you have a dispute with an unlicensed broker, you may have difficulty getting your money back.
Legal Warning Against ATC Plus
The Financial Conduct Authority (FCA) has issued a warning against ATC Plus. The FCA warns that ATC Plus is not authorized to conduct regulated activities in the UK. This means that it is illegal for UK residents to trade with ATC Plus.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews of ATC Plus online. Some clients have complained about the company’s high fees, while others have said that they have had difficulty withdrawing their funds. There have also been reports of ATC Plus engaging in fraudulent activities.
Feedback About Their Trading
The feedback about ATC Plus’s trading is mixed. Some clients have said that they have been able to make profits with the company, while others have said that they have lost money. There have also been reports of ATC Plus manipulating the market to the detriment of its clients.
Feedback About Their Customer Service
The feedback about ATC Plus’s customer service is also mixed. Some clients have said that they have received good support from the company, while others have said that they have had difficulty getting in touch with customer service representatives. There have also been reports of ATC Plus ignoring customer complaints.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by ATC Plus or any other broker, you can contact Reviews Advice for help. Reviews Advice is a free service that helps victims of investment fraud get their money back.
We first evaluate the case of the victim, and then schedule a free consultation call. During this call, we will provide some guidance and recovery service recommendations to help you in recovering the lost funds.
Final Thought
Based on the information available, it is clear that ATC Plus is a high-risk broker. The company is not regulated by any major financial regulator, and there are a number of red flags that suggest that it may be a scam. If you are considering trading with ATC Plus, we advise you to reconsider. There are many other legitimate brokers available that offer a safer and more secure trading environment.
