ACH Deal is a dishonest scam company that is part of a group of serial fraudsters. This sinister broker is a clone of well-known scam projects Zetta Fund and LibBit, which were exposed in previous investigations. In this review, we will reveal typical signs of fraud in the operation of ACH Deal and analyze the available reviews about it online.
Website and Information about ACH Deal
Upon first visiting the website, it becomes clear that this is a low-budget project: the scammers bought a cheap domain and filled it with cliched images. According to a special service’s assessment, the domain’s value is equivalent to one ruble. This indicates that all content and images were copied from other sources without any effort to improve or make them original.
ACH Deal is another representative of “kitchen” scammers who do not bother to create unique websites and operate according to a standard scheme. For example, all three similar scams have practically identical sections with contact information.
Detailed reviews of LibBit and Zetta Fund are available below. We are confident that ACH Deal will inevitably receive the same criticism and soon fade into obscurity.
Legal Information about ACH Deal
The company constantly invents addresses and inserts them into the contact section. In this case, it is claimed that the office is located in Rec, Austria. However, there is no street of that name in this city. We are convinced that even the provided phone number is simply a set of digits invented by scammers.
Despite the fake address, we decided to check if the fake brokerage company is registered in Austria. It turned out that there are no mentions of it in the local register of legal entities.
In the “User Agreement,” we noted another possible location for ACH Deal. Although the scammers claim that all disputes are resolved in the courts of Vanuatu, implying the presence of an office in this offshore jurisdiction, additional checks showed that they are not even registered in this soft foreign jurisdiction.
Documents and Licenses of ACH Deal
Dishonest firms cleverly hide the “User Agreement” to make it less accessible to users. According to reports from investors, this tactic often works successfully, as not all users search for and read this document, automatically agreeing to its terms. We carefully studied the document’s content and identified key points:
- In section 5.14, ACH Deal has the right to change trading conditions at its discretion and deduct funds from clients’ accounts.
- Section 8.1 absolves fraudsters of responsibility for losses incurred by users due to the broker’s actions.
- Section 10.5 warns that the company may simply disable a client’s account without prior notice and cancel all funds in it.
Engaging in brokerage activities without a license is strictly prohibited, so all reputable financial organizations emphasize providing information about licensing authorities. In an attempt to lure potential victims, ACH Deal lists a set of licenses they allegedly obtained.
We checked for the presence of ACH Deal in the databases of the Cyprus and Belize financial commissions and, naturally, did not find it there.
Neither the Mauritian regulator nor even the Swiss Financial Market Supervisory Authority have any information about the fake broker.
The scammers’ official website features a separate section labeled “Accreditations and Licenses,” mentioning the names of two other regulators:
- The Financial Services Authority of Saint Vincent and the Grenadines.
- The Swiss Financial Market Supervisory Authority.
As evidenced by reviews, the ACH Deal edition actively attracts residents of CIS countries. This is also evidenced by the platform’s localization in Russian. According to Federal Law No. 460-FZ, providing financial intermediary services in Russia without the corresponding permission from the Central Bank and joining relevant SROs is prohibited. The subject of the review does not comply with the law: they do not have licenses from the Central Bank.
Terms and Offers of ACH Deal
The company ACH Deal uses a proven scam scheme: until the moment of registration, they deliberately hide information about spreads, commissions, and swaps. After creating an account, it’s too late: scammers already have your personal information.
The website briefly outlines the terms of trading accounts:
1:500 leverage is absurd. Such parameters do not exist in real trading: honest brokers offer leverage up to 1:30. If you see such numbers, these trades are not executed in the real market, and users only get a simulation of trading.
Participant Reviews
Since the scam project has been in existence for less than two months, there are no temporary reviews about it. It should also be noted that ACH Deal removes negative comments about itself, and positive feedback from deceived clients is practically non-existent. However, with each passing day, the masking will become more difficult, and once real reviews appear, we will update the information.
ACH Deal Fraud Scheme
Although not disclosed on the website, scammers insist that clients install the AnyDesk program, which is designed for remote computer access. It is suggested that this measure will allow a technical specialist to quickly resolve platform issues. In reality, criminals gain access to users’ private information, investment, and bank accounts. By providing scammers with this opportunity, you risk losing not only invested funds but also all other financial assets!
Final Conclusion
Serial scammers pose a serious threat: despite creating more than 15 scam projects, law enforcement agencies have not yet been able to catch them. If you do not want to become a victim of extremely dishonest operations, stay away from ACH Deal!
