Antrush is a corporation that operates solely on the confidence of its shareholders. They promise to take care of all the laborious work while you sit back and enjoy your rewards. Because it collaborates with specialized accounting companies and auditing platforms that trade a variety of items, the platform has the ability to generate substantial profits.
Is Antrush a Licensed Broker?
Antrush is able to persuade its customers that it has a license from an Australian organization. They also claim to have offices in the United States of America, Canada, and New Zealand. Because of the stringent regulations governing these spheres, brokers are required to have substantial financial resources. They are unauthorized entities since they are operating a business without the required license.
The United States system of financial oversight is considered to be among the most stringent worldwide. In order to get the regulatory form, a company is required to make a capital deposit of $20 million. In addition to that, it is required to enter the names of the corporate and financial managers who will be overseeing the investment operations. In this manner, the agency will know who to go after in the event that things go awry.
Sadly, Antrush is not subject to the supervision of a watchdog. They are doing things on their own without assistance. The company does not provide the authorities with a summary of the daily transactions that it processes. They have an easy ability to alter the pricing. In addition, the broker has little possibility of competing with the top schemes due to the fact that they are too far behind. They do not have a terms and conditions policy, which demonstrates how lightly they take their business.
Why Should Not You Trust an Unlicensed Broker?
In the case that a broker is unregulated or is regulated by an institution that is located outside of your country, you have very little to no legal remedies available to you in the event that your money is stolen. Complaints may only be filed against a broker in the case of theft if the regulator in your jurisdiction has issued that broker with a license. If the regulatory body in your country does not provide a license to a broker, it is very probable that the broker is uncontrolled and you should avoid doing business with them. Even if the brokerage is regulated, it is still in your best interest to steer clear of it if the regulator is located in a different country.
Is Antrush Can Be Trusted?
Antrush is a letdown not only because there is no regulation whatsoever in place, but also because the firm does not provide trading circumstances that are competitive. This is a double blow to consumers’ expectations. For instance, the leverage that it offers, which is 1:200, is too high. There is no lack of businesses that provide such enormous quantities of leverage, and most of them are not licensed either! They are only using the fact that they are not licensed to offer them to customers who are not well enough equipped to deal with high-leverage trading and the consequences of doing so – not only Australia’s regulators but also the vast majority of regulators around the world, are on board with the leverage ban.
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Source & Full Article — In-depth Analysis of Antrush Broker: Is it Worth the Investment?
