By the beaten template, with unreal statistics and unclear client earnings, professional traders immediately recognize scammers. However, scammers usually target newcomers who lack financial literacy. According to reviews and forums, the number of deceived individuals is quite large. Let’s take a closer look at the Liquid AMP project. It caught attention that until recently, nothing was known about this broker, although according to their claims, the company has been operating for many years and has satisfied hundreds of thousands of clients. Why is that? Let’s figure out what liquidamp.com really represents.
What we learned about Liquid AMP: a brief overview of the facts
With the aim of creating a favorable impression on potential clients, Liquid AMP presented incredible statistics on their official website. The broker claims that seven million trading operations are conducted every day, and hundreds of thousands of satisfied clients have chosen them. According to their data, the project has been functioning for over four years, but for some reason, the website traffic on liquidamp.com leaves much to be desired. Only up to 100 people visit the site daily. This is simply explained by the fact that we are dealing with a one-day broker.
The suspicious broker Liquid AMP simply acquired a forgotten domain name to deceive potential victims. The liquidamp.com site was launched in 2014 but remained inactive for a long time. Judging by the name, the scammers bought it for a pittance and then adapted it for their purposes. Now it is clear why the first reviews of Liquid AMP, as well as reviews on specialized resources, only appeared recently.
The broker is managed by the company Liquid AMP Limited. This enterprise is registered in Cyprus, which not long ago was considered an offshore jurisdiction. In reviews, traders claim that the address provided on the Liquid AMP site is fictitious. We conducted a check. It turned out that the specified coordinates correspond to one of the hotels in Cyprus.
The scammers claim to have received approval from three reputable regulators:
- CySEC (Cyprus Securities and Exchange Commission), document number – 134/40,
- IFSC (International Financial Services Commission), document number – 10/197/TS/12,
- Financial Services Commission of Mauritius, document number – C101379197.
In fact, this is impossible! A company is only allowed to be licensed in the country of its registration. Naturally, we found no mention of Liquid AMP Limited in the regulators’ registries. Therefore, the activities of the pseudo-broker from our review are not regulated or supervised anywhere.
Detailed review of contact information: how to contact Liquid AMP support
Naturally, no one will travel to the other side of the world to visit the Liquid AMP office. The fake broker also offers the following contacts for communication:
- phone number: +3572644080,
- email address: [email protected],
- callback form.
In reviews, users write that the support works poorly, and assistance should not be expected from them. Support specialists simply ignore traders’ complaints about fund withdrawals.
Registration on the Liquid AMP website
As noted, Liquid AMP has a typical website. Registration with this pseudo-broker is also standard. To create an account on liquidamp.com, you need to fill out an electronic form, providing:
- first name,
- last name,
- email address,
- password for accessing the account (twice),
- phone number,
- promo code.
We are confident that even newcomers will have no problems with registration. Not because Liquid AMP cares about novice traders, but because scammers need everyone to quickly open an account and deposit money. Swindlers need clients’ money.
It is enough to look at the company’s legal documents to confirm this:
- clause 14.4 – the client acknowledges that the pseudo-broker may close orders with volatile instruments at its discretion, meaning that counting on profitable trades is useless,
- clause 15.6 – the company can manipulate prices without specifying quotes accepted on any exchange,
- clause 17.3 – Liquid AMP can withdraw money from the client’s account without notice, funds may be used to settle the client’s obligations to Liquid AMP,
- clause 20 – the company penalizes clients for inactive accounts. By registering, the trader undertakes to pay any fee for an inactive account. The scammers can determine the amount of this fee at their discretion. According to reviews, this amount can be any figure.
Trading conditions at Liquid AMP
Liquid AMP operates along the well-worn path of scammers. They do not provide any specifics regarding trading conditions. Simply put: without a license, there is no access to exchanges, consequently, there is no real trading. Scammers only simulate trading and promise fantastic returns.
In preparing the Liquid AMP review, we found that to start cooperating with this pseudo-broker, all you need is $150. For trading, fraudsters offer low-quality software from an unknown developer. Firstly, this software was cheap for them, and secondly, the platform is completely controlled, allowing manipulation of quotes and charts. Many former Liquid AMP clients regret losing their deposits.
Regarding account types: there are three of them:
- Silver. Minimum deposit – only $150. There are almost no specifications. Owners of this account are promised only a leverage of 1:20 and instant trade execution,
- Gold. Starting deposit – $1,000. Traders are guaranteed: instant trade execution, deposit insurance, cryptocurrency trading, and a leverage of 1:500 (in reality, unrealistic, as brokers from the EU are allowed to set leverage no higher than 1:30),
- Platinum. To open an account, you need to top up the balance with a minimum of $10,000. It differs from Gold only in round-the-clock personal support and the presence of a deposit protection option.
Reviews about Liquid AMP
There is no shortage of reviews about Liquid AMP, and they are all recent:
Scam scheme on the Liquid AMP website
Scammers actively exploit the lack of knowledge about Liquid AMP by many to lure them in. Potential victims can be found on social networks and forums. Recently, we received a review from a former client of the Liquid AMP pseudo-broker:
As our experience shows, the scammers from Liquid AMP employ a simple scheme. The official website of the pseudo-broker awaits users with typical lies. Professional traders are unlikely to believe in empty promises, but for newcomers, this may be enough. Moreover, they may not notice that the project is standard and very similar to other fraudulent sites.
Initially, potential clients are persuaded to make at least a minimum deposit. As trading progresses, the appetites of scammers increase. When a trader refuses to pay, their account is blocked. It is pointless to litigate with the Liquid AMP pseudo-broker. Despite claims of Cypriot registration, they anticipate dealing with them in offshore Vanuatu (stated in legal documents). Why? They could just as easily have sent you to Zimbabwe. Offshore jurisdictions have shaky laws, allowing fraudsters to carry out their machinations.
Recommended articles:
- Best trading strategies in the stock market,
- What are reversal chart patterns,
- How to choose a reliable forex broker in 2020: key criteria
Summary of the Liquid AMP review
The expert review of Liquid AMP only confirms that this company has nothing to do with trading. It is simply a fake, copied from other fraudulent projects. Scammers blatantly lie about having several licenses. In fact, their activities are not regulated by anyone, allowing Liquid AMP to deceive people with impunity. There are no chances to earn with this company, but losing all your savings is entirely possible. This is confirmed by the negative reviews about the deceitful broker.
