Aristrex Review Scam Complaint
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Aristrex is an unregulated offshore broker having offices in Malaysia, Melbourne and Vanuatu. Aristrex offers over 40 popular currency pairs along with CFDs on 9 major global stock indices, p crude oil and precious metals on several trading platforms, including MetaTrader 4. Aristrex offers three types of forex trading accounts, based on minimum initial deposit. Those accounts are Standard, pro and VIP.
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About the Aristrex:
Aristrex is licensed offshore in Vanuatu. The broker is registered with the Australian Securities and Investment Commission (ASIC) but as a foreign company. Vanuatu is an offshore zone, which offers a variety of tax benefits to brokers and forex brokers there are not regulated, no matter what are their claims. They follow a simple and low-cost registration process. Aristrex requires its clients to deposit a minimum $100 in order to open an account with them, which is pretty average. The spread that is offered by this broker is above the average spread, starting out at 1.5 pips on EUR/USD. Moreover, this broker offers a leverage of up to 1:400 which is at the highest level of the industry’s standard and is considered a high rate.
Aristrex offers its clients a choice of three trading platforms, namely, Vertex, Fortex and MetaTrader 4. Developed by Hybrid solutions, VertexFX Trader is customizable trading software and is a web enabled trading platform enabled with basic trading tools, advanced techniques for closing positions, one-click trading option, server side scripting, etc. However, when its demo version is considered, it is found that only 10 currency pairs are offered for trade, and no micro lots are available for trade. Aristrex broker make use of a number of tricks to reach their prospect traders and make them believe that their money which they are investing with the broker is in safe hands and will generate beautiful returns. Such tricks include the use displaying all sorts of attractive trading conditions on the website and app followed by well-spoken staff and very efficient customer support after signup.
Is Aristrex legit or scam?
Aristrex is a Vanuatu based unregulated broker and when we look into the broker’s reviews on various online forums it has been revealed that Aristrex clients have had issues withdrawing their money or profits from their account. Aristrex is a scam broker that entices its clients through interesting profits and schemes which rarely turns out true. Therefore, keeping your funds safe from them is advised.