Is AktienAG a scam or legit broker? Read AktienAG Review
AktienAG says it is a global online broker that makes it easy to trade in more than 130 trading instruments in 6 asset classes. It sounds fantastic, but sadly, AktienAG is just an obvious fake. It was reportedly owned by Aktien C Ltd., was situated in the UK, and claimed to be officially licensed and authorized. Aktien Ag is actually not regulated anywhere, and to make matters worse, we firmly suspect that they even have a UK headquarters.
AktienAG is not a licensed provider of online forex and CFD trading. A formal alert was issued against AktienAG by the German regulator Federal Financial Supervisory Authority. According to BaFin, “In accordance with Section 37(4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make it clear that AKTIEN C LTD has not been granted authorization under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, aktien.ag gives reasonable grounds to suspect that AKTIEN C LTD is conducting banking business and providing financial services in the Federal Republic of Germany without the required authorization.“
Its reviews are unfavorable, which is reasonable considering that we have already established that AktienAG is a fraudulent brokerage. The biggest issue that traders have is that they are unable to receive their money back after having their withdrawal requests rejected. In addition, after making numerous requests and often being denied, they are unable to get in touch with anyone at the business or receive their funds.
Possible scam activities of AktienAG
Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.
Here are some of the very possible reasons why we have flagged this broker as a scam broker in this AktienAG review.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
- The broker may have made a number of false claims through its website.
- The broker promises returns that are too good to be true.
- The risk warnings may not be disclosed on their webpage or would be hidden.
- The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
- This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.
Negative AktienAG Reviews and Complaints
AktienAG has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.
Example of Negative AktienAG Review
After Searching internet you will find many negative AktienAG Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and AktienAG reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.
Scammed by AktienAG? How to get your lost money back from AktienAG?
The best solution recommended for getting your lost money back from AktienAG is Report Scam Community
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AktienAG Review: Conclusion
To begin with, AktienAG is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold any valid license and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions. These small details will prevent you to become a victim of broker scams.
To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.
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Note: Report Scam Community has conducted many researches before flagging AktienAG as a possible scam in this AktienAG Review. Are you planning to trade with AktienAG and invest your money? Report Scam suggests you to read this AktienAG Review first.