Market by Aicointrade: Customer Reviews About the Company in 2024

• Categories: CFD-Brokers

Reviews about the representative of stock exchange services Market by Aicointrade

Market by Aicointrade presents itself on the market as an innovative intermediary focused on improving trading accessibility. It is known that the company has been fulfilling its obligations for over 12 years, during which time it has opened more than 110,000 accounts. According to information, the daily trading volume has exceeded $50 million and continues to grow. However, should you trust this broker? User reviews recommend against it. Nevertheless, a comprehensive check should be conducted before making a final decision. Only thorough analysis will provide a complete picture of the situation.

Information about the trading agent: what is known?

Market by Aicointrade provides extensive statistics and claims to have extensive work experience, but there is no confirmation that the data provided is credible. The first reviews about the company have appeared recently, raising some doubts among long-time market players.

A subsequent check revealed that the domain aicointrade.com was registered in 2017, which does not align with the stated data. Additionally, information in the web archive indicates that the platform was put up for sale as early as 2021, as evidenced by the date of the first publication. It is probable that scammers acquired the site and adapted it for their purposes.

The verification results indicate that dealing with Market by Aicointrade does not bode well. The company provides false contact information and is not willing to help users resolve technical, financial, or organizational issues, as confirmed by real customer reviews.

Documents and licenses

Market by Aicointrade does not disclose information about its activities. There are no documents on the platform confirming the legality of its operations and compliance with legislative norms. The company merely mentions that its office is located in Germany. Instead of transparent documents, it provides information about licensing in countries such as:

• Cyprus (CySEC),
• Belize (IFSC),
• Republic of Mauritius (FSC).

Checks in regulators’ registers revealed that the company lies about the presence of licenses. The verification results based on the CySEC database are presented in the screenshot below. Other mentioned regulators also do not have information about Market by Aicointrade.

Registering on a platform of an unscrupulous broker is always associated with high risk. In case of fraud and loss of funds, there is no possibility to seek assistance from regulators, as they do not have the authority to deal with irresponsible fraudsters.

Trading conditions and customer experience

Market by Aicointrade promises convenient CFD trading and access to a platform with a simple and functional interface. Users are not provided with opportunities for risk-free practice, reflecting the interests of the project creators. After registration, investors are offered to choose a suitable tariff and deposit funds. The features of the trading offering include:

• ability to trade major Forex currencies, cryptocurrencies, indices, commodities, metals,
• minimum entry threshold from $1,000 to $10,000 depending on the tariff,
• leverage up to 1:20,
• instant execution of trades,
• some trading plans offer PAMM, zero swaps, insurance, personal manager.

Based on reviews, Market by Aicointrade refuses to pay profits and does not return investors their money. It is practically impossible to counteract this, as user complaints lead to account blocks.

Customer reviews

From the experience of former clients, it is evident that Market by Aicointrade is exclusively engaged in financial fraud, manipulates trading operations, and subjects users to psychological pressure. It is not possible to earn here. For a more objective opinion, we invite you to read the reviews and draw your own conclusions.

We await your honest reviews about Market by Aicointrade. Share how you came across this fraudulent platform, how much you lost, and whether you were able to recover the stolen funds.

Characteristics of the fraudulent scheme

Criminals start by attracting an investor with $1,000 and simulating successful trades to make the user believe in their abilities and increase investments. When a sufficient amount accumulates in the account, the scammers block the account and terminate the contract without notice. Subsequently, they cease interactions with the trader.

Final words

Market by Aicointrade is a typical scam operating in its own interests. Real customer reviews confirm this. The broker operates outside the law and carries low responsibility. Be extremely vigilant to avoid falling victim to this fraudulent scheme. Assistance from experienced lawyers will be required, but no one can guarantee a 100% refund in case of deception.