While you may be misled to believe it’s based in a reputable country, broker AlmahFaza is yet another name to be added to the list of offshore brokers. Seemingly turned towards Arabic countries, AlmahFaza claims to provide secure and safe trading of numerous assets.
However, not everything is as it seems. Read our trusted AlmahFaza review and find out everything.
|Broker Status:||Unregulated Scam Broker|
|Regulated by:||Unlicensed Company / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||ST Services Ltd|
|Headquarters Country:||Marshall Islands|
|Deposit Bonus:||No Bonuses|
|Crypto Asset Trading:||Not Available|
|CFD Trading Option:||Yes, you can trade CFDs|
|Trading Instruments:||Forex (FX) / Commodities / ETFs / Stocks / Indices|
|Free Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
AlmahFaza Regulation – No Regulatory Oversight
AlmahFaza is owned by ST Services Ltd based in the Marshall Islands. However, the regulator of this offshore country, GLOFSA, has never had any records of the company, meaning that it’s another fraudulent trading firm.
It’s likely established with one simple goal – to extort as much money as possible and disappear.
What’s Wrong With a License? – Beware Of Investment Fraud
Since AlmahFaza regulation doesn’t exist, it means that the broker has no obligations to follow any rules. You can easily be defrauded and have nowhere to complain or get reimbursed. Companies like this one are being established every day, they never last long, and their only goal is to steal clients’ funds.
When choosing a brokerage, make sure to find a company licensed by Tier 1 regulators such as FCA, ASIC, or BaFin.
Where Is AlmahFaza Trading Scam Active?
The AlmahFaza trading scam is mainly directed towards Arabic countries. Numerous victims come from:
- Saudi Arabia
However, AlmahFaza complaints have been filed in the UK, Norway, Australia, and other countries.
The safest way to avoid being scammed is to decline any offers coming from this fraudulent trading firm.
AlmahFaza Trading Platforms – Trading Software
There’s only one AlmahFaza trading platform – a WebTrader. We’ve seen many throughout our reviews, but rarely as bad as this one. It’s a TradingView chart without the possibility of switching chart types, while indicators are called studies, and there’s a solid number.
But once you apply more than 2, lines will overlap, and you’ll be unable to distinguish them.
Mobile Trading App
For a more convenient AlmahFaza login from mobile devices, users of both Android and iOS have the option to download the app. It corresponds to a Web trader so that you won’t be in any better position, but at least you will have convenient access.
What Can You Trade With an AlmahFaza Broker?
The broker offers trading with:
- Currency pairs (Forex)
Surprisingly, there are no cryptocurrencies, despite their current popularity. The leverage goes up to 1:400 against all regulatory rules. The EUR/USD spread starts with 0.4 pips, which is rather solid.
Yet, bear in mind that you’re dealing with a fraudulent firm and no matter how tempting conditions may sound, you will not be able to withdraw your money.
AlmahFaza Withdrawal Methods – How To Withdraw Money?
The minimum AlmahFaza deposit is $500. The minimum withdrawal amount is $25. You can withdraw your profit using one of the following payment methods:
- Bank transfer
The company will refund the money through the same payment method you used for depositing, and you have no choice here.
If you have accepted the AlmahFaza bonus by any chance, the Terms and Conditions suggest that you will have to reach a rollover of $1 million prior to withdrawals. It sounds like a scam to lure innocent clients into investing more money, right?
Scammed By AlmahFaza Broker? – Talk To Our Recovery Experts
If you fall victim to the AlmahFaza scam, it’s essential to know that you’re not the only one. The broker has defrauded many, and Global Fraud Protection assists in refund procedures.
Note that online trading scams are more sophisticated each day. More so, AlmahFaza forex broker is one of many who are improving and finding new techniques.
It’s important to take steps and get a refund before it’s too late. Contact us via online chat to book a free consultation and get what’s rightfully yours!
All In All, Don’t Let the Scammers Get Away for Free!
Can I Trade Cryptocurrencies And CFDs With AlmahFaza Broker?
You can trade CFDs with AlmahFaza broker, but not cryptocurrencies.
What Is The AlmahFaza Minimum Deposit?
AlmahFaza requires you to deposit a minimum of $500 to activate trading account.
What Is The Minimum Payout Of AlmahFaza?
The minimum amount for withdrawal is $25.