Athens Markets Review: Is Beware of This Scam?

Is Athens Markets Legit or Scam?

The overwhelming evidence suggests that Athens Markets is a scam broker. Here’s why:

• Unregulated: They lack any license from reputable regulatory bodies like FCA, BaFin, or ASIC. This raises serious red flags as regulations protect traders’ funds and ensure fair practices.
• Offshore Registration: Athens Markets LTD, their parent company, is registered in the British Virgin Islands, a region notorious for harboring unregulated financial entities.
• Lack of Transparency: Key information like minimum deposit, fees, and processing times is absent.
• Suspicious Payment Methods: They only accept deposits via Bitcoin, a notoriously untraceable method, making it easier for them to disappear with funds.
• Negative User Reviews: Several clients reported getting scammed, unable to withdraw their money.

Based on these red flags, strongly advise against using Athens Markets.

Company Overview

Services or Products

Athens Markets offers CFD trading on various assets. However, due to their unregulated nature, the safety and fairness of these services are highly questionable.

If you have lost money to companies like Emarket-24 or Enkuu; please report it to us on our Report a Scam form.

Trading Platform & Leverages

They utilize the MT5 platform, a popular choice. However, crucial details like leverage are missing, raising further concerns.

Spreads and Cost of Trading

Information on spreads and other trading costs is absent, making it impossible to assess the true cost of trading with Athens Markets.

License and Regulations

This is a major red flag. Athens Markets lacks any license from reputable regulatory bodies. This means they are not subject to any oversight and operate outside the framework designed to protect traders.

Legal Warning Against Athens Markets

We strongly advise against investing with Athens Markets. Their lack of regulation, suspicious practices, and negative user reviews raise significant red flags and pose a high risk of losing your money.

Deposit and Withdrawal Methods

Their FAQ section only mentions Bitcoin as a deposit option. This further increases the risk, as crypto transactions are difficult to trace and recover if something goes wrong.

Athens Markets Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers operate outside established regulations, leading to several risks:

• No protection for your funds: In case of disputes or scams, you have no legal recourse.
• Unfair trading practices: The broker can manipulate prices or engage in other unfair activities without consequences.
• Difficulty in withdrawing funds: Unlicensed brokers may make it difficult or impossible to withdraw your money.

It’s crucial to only use regulated brokers who are subject to strict oversight and offer protection for your funds.

Client Feedback

Numerous users have reported negative experiences with Athens Markets, claiming they were unable to withdraw their funds. This reinforces the concerns regarding their legitimacy.

How Can “Reviewsadvice” Help You If You Get Scammed?

While we cannot guarantee recovering lost funds, we can offer the following:

• Share your story: By sharing your experience, you can help raise awareness and prevent others from falling victim.
• Explore legal options: Although challenging, consulting with a lawyer experienced in financial scams might provide some guidance.
• Seek resources: Organizations like the Financial Conduct Authority (FCA) offer resources and support to victims of financial scams.

           You Can report to us today by the form below.