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AlmahFaza Broker Review
- AlmahFaza requires a minimum deposit of $500.
- There is a $25 minimum withdrawal amount.
- Brokers do not offer demo accounts, only live ones.
Overview
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FAQ
AlmahFaza Broker Review – What Is Wrong With AlmahFaza.com Platform?
The broker AlmahFaza is yet another name to add to the list of offshore brokers, despite its claim to be located in a reputable country. Its focus seems to be on Arabic countries, with AlmahFaza claiming to provide safe and secure trading of a wide range of assets.
However, there is more to the story than meets the eye. Find out everything you need to know about AlmahFaza in our trusted review.
Our recent scam broker reviews for EuroXN, FinCloud, and InvestFW can also be found here. Those unaware of their investment offers are fooled by their promises!
- Scam Broker Status: Unregulated
- Regulated by: Unlicensed Company / No Regulator
- Websites of scammers: en.almahfaza.com
- Operational Status: Active Forex Trading Scam
- Scam listed by: N/A
- Owner: ST Services Ltd.
- The Marshall Islands is the country of headquarters.
- Year of foundation: N/A
- The platform for trading: WebTrader
- Trading on mobile devices is available.
- A minimum deposit of $500 is required.
- Bonuses on deposit: None
- It is not possible to trade crypto assets.
- Trading CFDs is an option: Yes, you can trade CFDs
- The following instruments are traded: Forex (FX) / Commodities / ETFs / Stocks / Indices
- Leverage maximum: 1:400
- It is possible to open an Islamic account.
- You can only open a live account, and there is no free demo account.
- US traders are not accepted: US traders are not accepted.
- According to Global Fraud Protection Experts, don’t invest in this scam broker!
AlmahFaza Regulation – No Regulatory Oversight
Founded in the Marshall Islands in 2001, AlmahFaza is owned by ST Services Ltd. The regulator of this offshore country, GLOFSA, have never heard of this company, which means it is another fraudulent trader.
It probably started with a straightforward goal: to extort money and disappear as soon as possible.
What’s Wrong With a License? – Beware Of Investment Fraud
AlmahFaza has no regulations, so brokers are not required to follow them. Defrauding can quickly occur, and you may have no recourse if you are defrauded. It’s not uncommon for companies like this one to start up every day. They never last long and only aim to steal money from their clients.
When selecting a brokerage, it is essential to find a brokerage licensed by Tier 1 regulators, such as FCA, ASIC, and BaFin.
Where Is AlmahFaza Trading Scam Active?
The AlmahFaza trading scam targets mostly Arabic countries. Some of the most common types of victims are:
- Oman
- UAE
- Saudi Arabia
The UK, Norway, Australia, and others have filed AlmahFaza complaints.
Declining any offers from this fraudulent trading firm is the best way to avoid scams.
Additionally, we recommend avoiding brokers such as InstaForex, GlobDeChain and OptiMarkets. Don’t invest your money in them without thinking twice!
Scammed By AlmahFaza Broker? – Talk To Our Recovery Experts
There are many people who have been scammed by AlmahFaza. Global Fraud Protection assists in refund procedures after the broker defrauded many.
It is important to note that online trading scams are becoming more sophisticated daily. One of many forex brokers improving and finding new techniques is AlmahFaza.
You must take action and get a refund before it’s too late. chat session All In All, Don’t Let the Scammers Get Away for Free!
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FAQ Section:
1. Can I Trade Cryptocurrencies And CFDs With AlmahFaza Broker?
AlmahFaza broker offers CFD trading but does not offer cryptocurrency trading.
2. What Is The AlmahFaza Minimum Deposit?
To activate your trading account, AlmahFaza requires a minimum deposit of $500.
3. What Is The Minimum Payout Of AlmahFaza?
There is a $25 minimum withdrawal amount.