Anaclynix is a forex broker established in 2023, registered in Cyprus. The broker offers a range of trading services in areas such as forex, stocks, commodities, indices, metals, and cryptocurrencies. This broker provides a leverage ratio of up to 1:500, exceeding the level of normal leverage. It claims to offer a modern trading platform and professional services but has not detailed the specific features and performance of the platform.
Company Background and Regulation
Anaclynix is a forex broker established in Cyprus. Although the company claims to be regulated by the Cyprus financial regulator CySEC and provides a regulatory license number, further investigation reveals that Anaclynix's information is not found in the CySEC registry. This situation could mean that the company lacks effective regulatory information and may pose a risk in trading. Before trading with Anaclynix, it is advisable for investors to conduct thorough research and risk assessment, especially considering that its official domain was registered on a recent date (November 5, 2023).
Trading Products
Anaclynix offers a variety of trading services, including forex, stocks, commodities, indices, metals, and cryptocurrencies. Anaclynix purports to provide a modern trading platform and professional services but has not detailed the specific functions and performance of the platform.
Trading Accounts
Anaclynix offers three main types of trading accounts to accommodate the needs of investors at different levels. These account types are Elementary, Medium, and Professional, each with unique characteristics and requirements.
- Elementary Account: This is the basic account type for beginner traders. It requires a minimum deposit of $150 and offers a leverage ratio of 1:100. This account supports instant trade execution and is suitable for those new to the financial markets, looking to explore the basics of trading.
- Medium Account: The Medium account is designed for traders with some experience. This account has a minimum deposit of $1,000 and provides a higher leverage ratio of 1:500. In addition to instant execution of trades, this account type also supports cryptocurrency and precious metal trading, offers deposit insurance, and is suitable for intermediate traders who want to expand their trading scope and increase the security of their funds.
- Professional Account: The Professional account is designed for advanced traders, offering more features and support. A minimum deposit of $10,000 is required, with the leverage maintained at 1:500. This account not only retains the features of instant trade execution and cryptocurrency and precious metal trading but also adds deposit protection and provides 24/7 customer support. This account type is suitable for those with a deep understanding of the markets who seek advanced features and comprehensive support.
Spreads and Commissions
There is little public information about Anaclynix's spreads and commission structure. Generally, these details are vital for evaluating a broker's competitiveness and transparency. Due to the lack of transparency in the broker's spreads and commissions, traders may find it difficult to accurately assess the actual cost of their trades, adding uncertainty to the trading process.
Leverage
Anaclynix provides three different types of trading accounts: Elementary, Medium, and Professional. Within these accounts, the leverage ratios are as follows: Elementary at 1:100, Medium at 1:500, and Professional also at 1:500. The leverage ratios provided by Anaclynix, which go up to 1:100 or even 1:500, are much higher than the maximum leverage ratio of 1:30 set by the EU for retail traders since 2018. Such high leverage may pose a higher risk for traders.
Customer Reviews
Online user reviews of Anaclynix indicate that some customers have had difficulty withdrawing funds from their Anaclynix accounts, with reports suggesting accounts being blocked following withdrawal requests.
Online user reviews feature reports of difficulties with withdrawals and account blockages. In addition, reviews indicate that Anaclynix has used multiple clone sites and false advertising to attract customers, with suspicions of high risk and fraudulent behavior. It is alleged that the company lures potential customers through phone calls, social media channels, and promises of low investment thresholds and high returns, but does not provide effective customer support and service.
Website Design
The design of Anaclynix's website bears a strong resemblance in content and style to those of several brokers like AHRK-Well, potentially indicating the use of the same website template for construction.
Conclusion
As a newly established forex broker, Anaclynix's legitimacy and transparency are in question. Anaclynix offers leverage ratios of up to 1:100 and even 1:500, exceeding the norms of standard brokers. Due to concerns over the company's legality and transparency of operations, investors are advised to perform thorough investigations before trading. Currently, Anaclynix is listed as "suspected fraud" on Traderknows.
