Audemars Group Review: A Dubious Broker
Audemars Group offers Forex and CFDs for trading. The company operates from audemarsgroup.com website and is allegedly based in Switzerland. Not much is known about this broker because they’re just a couple of weeks old in the business. We’ve also noted that the broker is using the same old tactics that shady brokers use to scam consumers. The only way to deal with Forex and CFDs scammers is to recover your money using this information.
Audemars Group review and overview
AudemarsGroup fails to disclose information about their company and executives.
Marketing materials are mostly generic information found in various pages of the website.
The company fails to address their regulatory status in Switzerland where they’re apparently based at.
This is typical of a corny Forex and CFDs broker who wishes to maintain a high level of anonimity.
Their website touts a variety of “advantages” that supposedly comes with choosing the broker.
They proclaim excellent pricing, advanced tools and user-friendliness.
The minimum deposit is $1,000.
Notice that to enjoy additional benefits, you would need to add more money into this platform.
In reality, the act of adding more money into the platform naturally increases your risk of suffering a great financial loss.
Audemars Group not a licensed broker
Brokers in Switzerland are regulated by a body called FINMA.
Any broker that claims to do business in Switzerland but is not authorized by FINMA is definitely suspicious.
AudemarsGroup claims that their customers’ funds are kept in segregated accounts but fails to provide proof of the same.
The only way to trust a broker’s words is if that broker is regulated by a reliable financial authority.
How can we be sure that funds are safe on this shady platform if the company missed critical steps like obtaining a FINMA license?
How AudemarsGroup.com intends to scam traders
The Forex adnd CFDs trading niche is lucrative. Dubious brokers take advantage of consumers by offering them “trading opportunity” on a simulator.
There’s no way a Forex and CFDs broker can be honest with you. If they embrace this virtue, they lose money and you end up making money.
As a matter of fact, CFDs are an Over the Counter product. The trades you place on the broker’s platform don’t go through the servers of regulated financial exchanges.
Instead, the game is played between you and the broker. The consumer always thinks that they’re trading the real financial markets while in the actual sense the trading is between two parties — the trader and the broker.
This is why CFDs trading is banned in countries like the US. They’re simply not honest.
Keep in mind that these brokers have all the advantages to themselves. If you somehow outsmart them, the question you will ask yourself is whether you will receive your profit, let alone your original capital.
There’s is a 100% chance that Audemars Group will refuse to process your profit withdrawal requests.
Transferring the winnings to you means the broker is digging into his pockets to pay you since the competition was between you and the broker.
No CFDs broker wants to do this especially if the winnings are huge.
This is why brokers like Sallix Capital, xTrend Speed and Nexus Trader are a scam no matter how professional they sound.
Wrapping it up
As we conclude this review, we’d like to ask the following questions:
1)Can you risk trading with a broker who is operating in a regulated environment but has no license?
2)Now that you’ve learned about Forex and CFDs trading, would you waste your money and time trading them?
3)Would you still trade with audemarsgroup.com despite knowing that this broker is not transparent?
Pondering about those questions will help you avoid a cheap scam.
Thanks for reading. We’d like you to leave your comments below.
Gilbert Ammann
These people claim they work and have offices in Withertur, Switzerland. The phone number is a swiss number but the call is redirected somewhere. When I asked the broker who called me if he spoke German (I am Swiss) he said no he was from Boston USA but had absolutely nothing of an American. He could be from India or Pakistan. While talking to me I heard people laughing in the background. Stay away from such people.
Craig Adams
Wow wish I had read this before getting involved. I started in February 2023 and it unfolded slowly to start. Then the “market” turned and I had to invest $10k more to hedge my trades and not lose my capital. And then in a whirlwind of action I made $57k of which I can’t get. I have repaid 30%of the bonus money and they gave me 2 options when I asked for a partial withdraw. Pay all bonuses and fees back in advance and then the funds will transfer. Or pay all fees on total amount and then they close the account. They closed the account or froze it either way and either way I go they want $3,700 to do anything. Seems money only travels one way. To them. I am now looking for assistance to get my money back. I don’t care about the profits at this point as I stand to lose a significant amount anyway.
Jeffrey f. Garcia
I am new in audemars group..i deposited $320 then there asking 3000 again for a better profit..they are calling me everyday..they came fro switzerland..can you help me if this is legit or scam?thanks in advance
Mary
Nice story, are you cooperating with this website?
Lucifux
its very good broker, i made a lot of money here!
TheAdmin
Stop submitting fake review
Patrik
I am satisfied with their servis.
I had no problem with withdrawal money, when I send them a cover for bonus.
TheAdmin
This is a fake review
Patrik
Its fake comment, sorry for that. DONT SEND THEM MONEY, its SCAM!!
Kenneth Ishmael
This Website like a business, first time I saw that some fake websites can help to the clients.
Patrik
Its a scam, when you will want withdraw your money it will be not possible.
DONT SEND THEM YOUR MONEY, you will NEVER saw them again.
Please when you now how can I get back my money please contanct me on my email, When you help me I will give you present…
Coment what I wrote before was just try if good comment on them will be upload here.
olufemi Abiodun Adams
I am new to Audemars group Forex trading brokerage. I’ am not impressed.
They have told me already I have lost all my capital deposited in the trade.. that is just about one week of trading with them.