Today, we are going to review AnyTrades, they claim to be a global leader in the Forex industry, and we will put this to the test. We will share with you some of the pros and cons that AnyTrades has as a broker and give our final verdict after testing their platform for 1 week.
The platform runs on a web browser without any installation, so customers have access from any device. However, a desktop version is not available. The first impressions are for a simple and easy to use platform dedicated to the ordinary customer who can trade more than 1000 financial instruments. Currency pairs, crypto currencies, indices, shares, commodities and ETFs are available for deals. There is also a mobile application for smartphones. It can be downloaded in AppStore and Google Play.
What broker AnyTrades is:
AnyTrades claims to be a Straight Through Processing (STP) broker, not a market maker. Market makers usually are counterparts in customers deals and they make money from their losses as well. STP brokers neither aggregate positions, nor act against their clients. That’s why the fulfillment of orders is extremely fast. However, market makers have more competitive spreads.
Accounts and order execution:
The company claims to have servers all over the world. AnyTrades is one of the few brokers offering guaranteed stop loss orders during business hours. Moreover, traders cannot owe money due to negative balance protection. However, Order execution policy shows order fulfillment with slippage if the market is volatile. AnyTrades offers three types of accounts depending on the funds. Spreads for majors start from 2.1 pips in Silver account and narrow to 0.9 pips in Platinum, which also provides personalised trading signals and strategies. Clients who prefer crypto trading however will find out not so narrow spreads.
Customers can use some features such as built-in real-time news, economic calendar, and a lot of technical indicators. However, drawing lines or making some analysis is somewhat uncomfortable. Charts are friendly and show real-time bid or ask prices in different time frames. There are bar, line or candle charts. However, there is some delay in price changes and no measuring tool is provided. Beginners can grab the opportunity to copy successful investor deals through the Social Trading feature. Unfortunately, only basic options of copying are available.
AnyTrades own platform is simple and provides all the necessary options for trading, however more experienced traders would prefer brokers which offer the MetaTrader platform, which is not available here.
Would you think Anytrades.com are a legitimate company? Have there been any reports of people not being able to withdraw?
AnyTrades run a facebook advert with a button to click if you are interested in more information. After clicking the button they messaged me and told me they’d call me later. A certain Nick Sanchez from Denmark called me later on +45 78 150480 and lured me into registering with them and I would have my profits double within a week as oil prices were fluctuating a lot in early April. When I told him I don’t have 500 euros he said he’d request for me a deal where I register with 250 euros and I sent the money. I was immediately forwarded to a cluster manager called George Bello from Malta who called me every day on +356 2778 2118 for the next 5 or so days showing me how the trading platform works but he could do everything himself and I could find profits of 20-40 euros each day.
After 2 weeks George called me with a new deal that if I deposit an additional amount it would be doubled by the company because we needed to have a trading amount of like 1000 euros so that we can do good business and get good money. I added only 200 euros and he said its ok.
After one month George called me asking that I deposit more money as he needed money in my trading account without explaining what happened to the money I had. He told me there’s nothing he can do if I don’t add him money for trading. Meanwhile I got emails from Anytrades saying that my account was below the required level and I risk losing it.
After two days the trading platform showed that I made losses after losses and when the account had nothing they closed it down without any word from George. Subsequent emails to ask him what happened still remain unanswered.
Anytrades is not a trustworthy company.I had a very terrible experience with them.I was taken for $30K until I contacted capitalrefunds,org to recover all my funds.
Be alert at all times when investing your money for profit
I will advice you to contact Mr Adam Wilson via, adamwilson.trading (AT) consultant .com, for better understanding because his strategies really helped me withdraw my money that was stocked in my broker account, and i even made more huge profits. He is genuine and honest. You can contact him if you discover that your broker is scamming you or you are having withdrawal issue’s
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