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AMCC Markets Limited Review: High Risk (Suspected Fraud)

TraderKnows
TraderKnows
05-14

AMCC Markets Limited, registered in the US, is evaluated here for its corporate entity, domain registration, licenses, staff, and trading features.

AMCC Markets Limited Overview

AMCC is registered as a corporate entity in the United States under the name AMCC MARKETS LLC, with a registered address at 1275 S Cherokee St, Denver, CO 80223, US, and the company registration number is 20231775527. In Canada, AMCC is registered under the entity name WITT BLOCKCHAIN TECHNOLOGY CO., LTD., operating under the business name AMCC MARKETS. This entity was registered on July 18, 2022, with a registered address in Toronto, Ontario, and the business registration number is 714353703.

AMCC

AMCC

Domain Registration of AMCC Markets Limited

According to the results from a Whois query, the broker's official website domain was registered on October 14, 2023. This brokerage is a newly established company, and as of December 11, 2023, the registration duration is less than two months.

AMCC

Is AMCC Markets Limited legit or a scam? Does AMCC Markets Limited have any regulatory licenses?

AMCC MARKETS LLC states on its official website's company introduction section that it is regulated by the U.S. MSB (Money Services Business) with the regulatory number 31000249588678. The information on AMCC MARKETS LLC's registration number has been verified on the official Finecn MSB website in the United States. However, it is important to note that FinCEN's mission is to protect the financial system from illegal use, combat money laundering, and related crimes, including terrorism. The organization does not provide regulatory services for forex and derivatives trading and brokerage activities.

Furthermore, AMCC MARKETS LLC is only a non-member of the National Futures Association (NFA) in the United States and is not regulated by the NFA. As a result, this entity lacks effective regulation and is involved in both false advertising and illegal operations.

AMCC

AMCC

WITT BLOCKCHAIN TECHNOLOGY CO., LTD. is indeed registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). However, it's important to note that FINTRAC is Canada's financial intelligence unit and regulatory authority for anti-money laundering and counter-terrorist financing. Similarly, FINTRAC does not provide regulation for forex and derivatives trading and brokerage activities. Therefore, this entity also remains in an unregulated state.

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Employees of AMCC Markets Limited

Traderknows was unable to find any information about the company's team members on public networks.

Trading Software Provided by AMCC Markets Limited

On the broker's official website, the provided software download link is for AMCC's self-developed trading software. However, there is no associated physical company behind this trading software, posing significant risks for users. The broker can potentially engage in unauthorized activities through the software, such as market manipulation, forced liquidation, and other illicit operations.

AMCC

AMCC

Is AMCC Markets Limited Involved in False Advertisement?

AMCC Markets Limited organized a significant number of diverse offline events within less than two months of its establishment. Typically, newly established companies tend to focus on building their business foundations, expanding their customer base, and establishing operational processes in the initial stages. It is less common for them to organize and conduct large-scale offline events in a very short period. Specific details about the offline events provided by the company, participant feedback, as well as the scale and substantive content of these activities, cannot be verified. This broker may be involved in exaggeration of promotional activities and the provision of misleading information.

AMCC Markets Limited的活动宣传

Online Reputation and Client Complaints:

The website of AMCC Markets Limited has been flagged by multiple sources as suspicious. This site offers high-risk financial services such as trading in commodities like oil, gold, and forex. Additionally, the domain was recently registered, which is a common characteristic of scam websites. Investors are advised to exercise caution when dealing with recently established websites, especially those offering financial services.

AMCC Markets Limited的舆情1

The website of AMCC Markets Limited has been flagged with low trustworthiness and may be involved in high-risk fraudulent activities related to cryptocurrency investments. The site was recently created and has not undergone long-term verification and monitoring. Additionally, the website lacks indicators of legitimacy, such as social media links.

AMCC Markets Limited的舆情2

Trading Products Provided by AMCC Markets Limited

AMCC Markets Limited primarily offers investors trading services in financial assets such as forex, commodities, precious metals, and energy. The broker provides spreads starting from 0.6 points, a maximum leverage of 1:1000, and charges overnight interest.

AMCC Markets Limited的交易产品

AMCC

AMCC

Contact Information

The broker supports various contact methods, such as email, WhatsApp, Telegram. Detailed contact information can be found on its official website.

Conclusion

AMCC Markets Limited is a forex broker not regulated by any financial regulatory authority. The pages for "Privacy Policy," "COOKIE POLICY," "Vulnerability Policy," etc., on its website cannot be accessed. Additionally, the "Terms and Conditions" page does not provide specific terms but only displays the company registration certificate. The broker is currently listed as "Suspected Fraud" on Traderknows. We advise investors that AMCC Markets Limited is an extremely high-risk forex trading platform. Please stay away from this platform to avoid potential financial losses.

AMCC Markets Limited(英)

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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