Nowadays, there are plenty of online portals that claim to be the best fit for your trading and investment needs. Majority of them even promise high returns in attractive sectors like forex, crypto and much more. ATS Trading Service Limited certainly fits the image of a fraudulent entity at first glance.
Further investigation supports it as well. If you are under the impression that they might be a reliable solution, then read the following content and then make a choice.
Questionable Legitimacy
The fundamental issue with this platform is the lack of regulation. ATS Trading Service Limited is not listed under any regulatory body and as such, they have no credibility. They are raising money from people by following sketchy methods and sooner or later, founders are bound to get arrested.
Plus, as they are not regulated, they have ultimate control over investor’s funds and they can disappear overnight whenever they wish for it. Clearly, the only folks at risk are the end clients.
Reports of Withheld Withdrawals
Several users have reported issues when it comes to withdrawing the funds. Usually questionable platforms like this one ask users to pay high fees or charges in order to process the withdrawals.
However, even if the victim makes the payment, chances of getting the funds will be close to zero. So, think thoroughly and if something doesn’t add up, get the police involved at the earliest.
ATS Trading Service Limited Multiple Aliases
According to the warning issued by New Zealand authority, ATS Trading Service Limited reportedly operates via different websites with slightly changed terms.
This is a classic pattern used by shady firms and the main goal of this action is to distance themselves from past complaints or regulatory warnings. In short, it is a move made to obstruct transparency.
How to Protect Yourself
If you are new to online trading, then make sure you follow the steps listed below. More importantly, always get a licensed financial adviser involved.
- Regulation – Verify the regulatory status of the underlying firm and check the insurance details in case the underlying entity goes bankrupt.
- Test Withdrawals – Before committing large sums of capital, check the underlying with small withdrawals to get an idea about processing time, fees and other things.
- Avoid Pressure Tactics – Reputable firms never push clients to take decisions on the spot. If you sense pushy sales tactics, better to avoid interacting with them.
ATS Trading Service Limited Review Conclusion
ATS Trading Service Limited is most likely to be connected with other scams in the online investment sector. They are operating illegally and are bound to put a hole in your pocket.
So, stay alert and never entertain any firm or platform with unclear history and regulatory status.
