Аnandtheglobalfinancial.com Review – 5 things you should know about Skyam Invest Ltd

Аnandtheglobalfinancial.com Review – 5 things you should know about Skyam Invest Ltd

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Beware! Аnandtheglobalfinancial.com is an offshore broker! Your investment may be at risk.

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Аnandtheglobalfinancial.com seems to be another domain used by the fraudulent broker Skyam Invest Ltd. The broker’s website also looks very similar to the one of Mokfx Global – in fact, it is very hard to tell these scam brokers apart from each other. This is more common than you would think – as soon as too many people have been scammed and someone starts getting suspicious, scam brokers change their names, domains, and logos in order to keep the scheme going. This is also a way of attracting more victims. However, you can easily find connections between such companies – they use the same website templates, the same texts, and the same MetaTrader terminal. Often enough, you will encounter the name of one scam broker on the website of another.

Of course, such scam networks and their branches are best avoided – under no circumstances should you do business with such an obvious scam scheme.

Аnandtheglobalfinancial.com REGULATION AND SAFETY OF FUNDS

Аnandtheglobalfinancial.com has not offered any sort of substantial contact information on its website. You will be able to find an email address in the footer but that is pretty much it – no phone number, no address, no license information. However, we were able to find the following UK address in MetaTrader 4 license information:

We had huge doubts about this being a legitimate UK broker – the UK is one of the strictest jurisdictions in the world, and the UK’s financial regulator, the FCA, is a respected, reputable financial authority that requires that brokers under its supervision maintain the highest of standards and conduct business in a fair and transparent manner. Аnandtheglobalfinancial.com, with its ugly, barely functional website and absence of legal documentation, did not exactly strike us as the kind of broker who would be able to obtain a UK license. That is why we checked the register of the FCA for a company with this name and got zero matches – which means that this is indeed not a licensed company.

We would recommend that you trade with brokers licensed in the UK, the EU, or Australia – such companies are usually the safest choice because brokers are obligated to report to authorities regularly and meet some requirements before obtaining a license. Not just anyone can become a broker – such companies have to be very well-capitalized to cover the huge expanses that might arise, and financially stable. That is why brokers must maintain a minimum capital of €730 000 in the UK and the EU, and A$1 million in Australia. Client funds must be kept in segregated bank accounts managed by third parties – this prevents losses for you in case the broker goes bankrupt and proves that the broker would not be able to use your money for their own purposes. Negative balance protection is another important element you should consider – as a retail client, you could never lose more money than you have in your account.

Аnandtheglobalfinancial.com TRADING SOFTWARE

Аnandtheglobalfinancial.com was supposed to offer access to the leading trading platform MetaTrader 4 – and we were indeed able to download the software. One thing we were not allowed to do was open an account – when we tried to do so, the broker’s website malfunctioned. This means we were also not provided with the account number and the password necessary for logging in to MT4.

We fully endorse the decision to trade on MT4 – however, there are much better brokers to do that with. The platform has remained extremely popular in the trading world for nearly two decades due to its intuitive, accessible interface and the many tools and features it offers – Expert Advisors, VPSs, a Strategy Tester, a market for additional trading apps, the chance to set signals or to subscribe to those set by others. For a long time, this was the ultimate platform for trading forex and CFDs – find out why in a demo or real account with one of these established brokers.

Аnandtheglobalfinancial.com TRADING CONDITIONS

Аnandtheglobalfinancial.com did not provide us with any information about the trading conditions it offers and chose to not offer any sort of legal documentation either. This means that the broker will most probably find all sorts of inventive ways to scam you in the long run – through fraudulent clauses in the Terms and Conditions you were not aware of or by simply offering horrible spreads, and charging huge commissions.

The only thing we were able to learn was that this broker offers leverage of up to 1:500, even to retail traders. And while the offer of such high rates can be tempting – since you might be able to turn decent profits – you might also end up losing far more money. For these reasons, leverage is subject to restrictions in many jurisdictions – for example, up to 1:30 in the UK, the EU, and Australia. This further proves that Аnandtheglobalfinancial.com could not be a legitimate UK broker.

Аnandtheglobalfinancial.com DEPOSIT/WITHDRAWAL METHODS AND FEES

Аnandtheglobalfinancial.com did not mention anything about possible deposit methods on its website – we can only say that we saw PayPal’s logo on the broker’s website. Do not, under any circumstances, deposit with this fraudulent broker – you will only end up scammed and would most probably not be able to retrieve your money. Prevention is key in such cases – it is better to not deposit with such brokers in the first place.

HOW DOES THE SCAM WORK?

Scams of this sort have become quite popular and quite the problem – the best course of action would not be hunting down your lost money to unknown ends only after you have deposited it but learning how to avoid them.

The scheme usually starts with a flashy ad on the Internet promising to make great service and improbable profits. The best part is, that you would not have to do much – you just have to invest with this specific broker who of course claims to be very reliable.

The scam starts when you provide the scammers with your email and phone numbers – you open an account just to see what they have to offer. The moment they get access to your contact details, they won’t leave you alone before you deposit. After that, you will probably turn improbably amazing profits – often enough, scammers manipulate platforms to fabricate satisfactory results. However, they will keep asking you to make bigger and bigger deposits – and you will be glad to transfer money since you will think that you are doing great. Such people are familiar with the art of smooth-talking since that is what they do for a living – they will find a way to sound reasonable and persuasive and before you know it, they will have you depositing thousands of dollars.

Only when you try to withdraw some of those profits, you will run into trouble. Additional fees and taxes, clauses in the Terms and Conditions that prevent you from withdrawing, sudden changes to those Terms and Conditions – these are all instruments in the scammers’ arsenal. By this point, you will know something is wrong but the scammers will stop answering your calls and emails and disappear completely.

WHAT TO DO WHEN SCAMMED?

When it comes to staying safe from fraudulent brokers, prevention is key – don’t deposit with such enterprises in the first place. Always do your research on the broker carefully before investing, check registers, and read the Terms and Conditions carefully. If you have already invested, there are still a few things you could do.

Change all banking passwords to avoid additional losses of money. In case you have installed remote access software, remove make sure to remove it – the broker might have offered help with installing their platform or even trading advice but all they really wanted was access to your computer in order to be able to access your bank accounts later. Notify authorities and contact your bank or credit card provider to let them know you have been scammed. If you have used Visa or MasterCard to transfer money, ask for a chargeback as soon as possible – both providers have a policy that allows such chargebacks within 540 days.

Don’t trust anyone who calls themselves a “recovery agent” and offers to retrieve your money for a fee – this is just another type of scam targeting people who have lost money and are desperate to retrieve it.

Finally, sharing your story with others is important – consider posting about it online. This way, people will know how such scams work and how to avoid them.

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