Аctiveresist.com Review – 5 things you should know about Active Resist

Аctiveresist.com Review – 5 things you should know about Active Resist

Rating: 1

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

RECOMMENDED FOREX BROKERS

Forex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Аctiveresist.com is a dangerous scam scheme that has attracted the attention of a reputable financial regulator and earned a warning because of its behavior. The broker claims to be regulated by multiple financial authorities when it is in fact fully unregulated. Trading with such a company would be a huge mistake – we can assure you that they will scam you sooner or later. Read the review below for more details.

Аctiveresist.com REGULATION AND SAFETY OF FUNDS

Аctiveresist.com claims that it is based in Germany and licensed to operate by some of the strictest financial regulators in the world such as CySEC (Cyprus), the FCA (the UK), ASIC (Australia), and FSCA (South Africa) as well as by multiple other regulators such as IFSC (Belize), DFSA (Dubai), and the FSC of Mauritius. However, a quick register check helped us establish that the broker is lying and is not authorized by any of these authorities. Additionally, we stumbled upon a warning issued by the Spanish regulator CNMV on this broker:

This means that the regulator perceives the broker in question to be a danger to investors. You cannot be sure that a broker who dared lie about being regulated will treat you in a fair and transparent manner.

The situation is much different for brokers regulated by authorities like the FCA (the UK), CySEC (Cyprus), and ASIC (Australia). If they want to offer financial services, such brokers have to meet countless requirements, treat clients fairly and do everything in accordance with the law – otherwise, they would get fined or straight up lose a very hard-earned license. Client deposits must be kept in segregated accounts – this means faster withdrawals and no chance for the broker to use your money for their own purposes without your knowledge. There are also minimum capital requirements in both Australia and Europe- A$1 million for Australia and €730 000 for the EU and the UK – but in case the broker has a lot of clients, the digit could be much higher. This way, you can be sure that the broker is financially stable and has sufficient capital to navigate the volatile markets. Negative balance protection is a must – you could never lose more money than you have in your trading account. If you are working with a European broker, you could also get compensation in case they go bankrupt  – up to £85 000 in the UK and €20 000 in the EU. This is because all UK and EU brokers are obligated to participate in compensation schemes.

Аctiveresist.com TRADING SOFTWARE

Аctiveresist.com offers access to a simple web-based trading platform:

Such platforms are not necessarily bad – they are quite easy to use which makes them fairly suitable for beginners. However, the number of trading tools and useful features you will be getting access to is also quite limited. Keep this in mind when choosing a platform to start trading on.

There is a time and place for such less complicated software, of course – but it cannot be compared to more advanced trading platforms like MetaTrader 4 and MetaTrader 5. These platforms are legendary – the software has won many supporters since its introduction in 2005 due to its unrivaled functionality. Both platforms offer features such as Expert Advisors, the ability for creating custom scripts, VPSs, customizable signals you could set up, a market for trading apps, advanced charting tools, and indicators, etc. Most traders never look back once they have tried the MT software – find out why by yourself and open an account with a reliable broker.

Аctiveresist.com TRADING CONDITIONS

Аctiveresist.com did not necessarily impress us with its trading conditions. The minimum deposit amount is just $150 – however, if you open the most basic type of account, you would only be able to trade currencies, stocks, and commodities. To get access to more trading instruments – such as metals, cryptos, indices, and ETFs, you would have to invest a lot more – at least $1000. There are many great brokers who provide access to a wide range of trading instruments for as little as $10.

The spreads the broker offers are indeed impressive – just 0.7 pips on EURUSD. However, keep in mind that scammers sometimes manipulate platforms in order to manufacture great results. We were also not informed about any additional commissions – if such exist, your trading experience might turn out to be less than lucrative.

Аctiveresist.com offers leverage of 1:100 which proves they cannot be regulated in the EU, the UK, or Australia as they claim. Brokers in these jurisdictions are banned from offering leverage higher than 1:30 on forex majors and for a good reason. Trading with high leverage can indeed result in bigger profits – but it can also lead to bigger losses. That is why leverage caps exist in certain jurisdictions and why we always urge traders to be careful with their leverage settings.

Аctiveresist.com DEPOSIT AND WITHDRAWAL METHODS AND FEES

Аctiveresist.com only accepts deposits in Bitcoin and Tether. This bothers us because even though many legitimate brokers have started accepting crypto deposits, it is only scammers who would urge you to deposit in crypto specifically. The reasons for such preferences are simple – crypto transactions are both anonymous and completely irreversible. You can see how this is the perfect set-up for a scam. Clients that have deposited in such a way would not be able to get a chargeback or track down their payment – this is exactly what the scammers want.

Refrain from depositing with Аctiveresist.com – prevention is key since if you have already deposited, getting your money back would not be possible.

HOW DOES THE SCAM WORK?

You might think that not many people fall for such scams but you would be dead wrong – some scams are quite elaborate and have managed to fool a lot of people. That is why it is important to know what to expect and look for in order to spot a scam broker from a mile away.

The scam starts with an ad on the Internet promising you an easy gateway to forex trading or investing – the only thing you would have to do is open an account with the broker. You know that there are people who trade for a job and that even regular Joes manage to earn a nice side income through trading and wonder why not the same, there is no harm in trying. So you give in and provide the scammers with your contact details.

This is the moment when you will start getting constant calls and emails asking you to deposit – even if you have only opened a demo account. At some point, since everything seems legitimate, you do deposit and in the beginning, things might be looking great. The profits you were promised come soon but you should remember that it is easy for scammers to manipulate platforms to make it look like you are turning a profit. But you will be asked to keep on investing – and you would have no problem doing that because you will be smooth-talked into it by people who scam others for a living.

But when you try to withdraw, you will start running into different obstacles – obscure clauses in the Terms and Conditions preventing you from withdrawing, additional fees and taxes, and weird procedures. At some point, you would not be able to deny the fact you have been scammed – but it will be too late. The scammers will disappear and stop answering your calls and emails and leave you wondering what to do.

WHAT TO DO WHEN SCAMMED?

So what can be done in case you have already deposited?

Be prepared that there is a rather high chance that you would never see your money again. There is, however, still hope to retrieve it especially if you have deposited with a credit or debit card – both Visa and MasterCard allow chargebacks within 540 days of the transaction. Moreover, there are some things you absolutely have to do in order to avoid further losses of money.

Change all passwords and banking details you have provided the scammers with and remove all sorts of remote access software if you have installed such. Some scammers would promise to help you trade, or resolve different problems if you only install such software – their actual agenda is to get access to your computer and all your passwords and information.

Don’t trust any so-called “recovery agents” who offer to retrieve your money for a fee – this is just another type of scam targeting desperate scam victims, often conducted by the same people that are behind your “broker”.

Make sure to notify authorities and try to share your story online, or with your acquaintances – the more people know about such scams and how they function, the lower the success rate they will have.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *