Athens Markets Review: Read Before Trading With This Broker

Regulation of Athens Markets and Funds Security

One of the most important things to avoid in trading is uncertainty.  Athens Markets broker is originally from the British Virgin Islands. Their registered name is Athens Markets LTD and they signed up in 2022. However, BVI is an offshore country known as a nest for scammers. Therefore, you need to be extremely careful with companies registered there.

So, that you don’t bother doing research we will break out all crucial facts in this Athens Markets Review.

Broker Status: Offshore broker scam
Regulated by:  No regulation
Operating Status:  Active / Forex and CFD trading scam
Scammers Websites:
Blacklisted as a Scam by: N/A
Broker Owner:  Athens Markets LTD
Headquarters Country: British Virgin Islands
Foundation Year:  2022
Online Trading Platforms: MT5
Mobile Trading:  Yes, MT5 app
Minimum Deposit: N/A
Deposit Bonus:  No bonus
Crypto Asset Trading: Yes –  BTC, XRP, ADA
CFD Trading Option: Yes
Available Trading Instruments: Forex, Indices, Shares, Commodities, Cryptocurrencies
Maximum Leverage: N/A
Islamic Account:  No
Free Demo Account:  Yes
Accepts US clients: Yes

Regulation of Athens Markets and Funds Security

Primarily, trading companies should always opt for the most trusted licenses. If they are up to good, of course. However, this broker registered offshore. The British Virgin Islands, on the other hand, has a regulatory institution – FSA. But it’s not quite a reliable one due to the low minimum requirements for getting such a license.

Not only that they don’t have domestic regulation but not even any Tier 1 license. Let’s take for example BaFin, ASIC and FCA. Going through their registers we couldn’t find any traces of mentioning Athens Markets scam broker.

With this in mind, you already know some facts. Firstly, funds are not protected. Secondly, there are no trading safety measures like negative balance protection or guaranteed stop-loss. Thirdly and most importantly, they don’t need to meet anything they claim on their website. Moreover, you don’t have an option for complaint. Since they are not regulated.

Athens Markets Trading Software Overview

We already exposed this investment scam through the lack of regulations. If there is anything positive about this broker, it is trading software. They provide access to the industry leader Meta Trader 5. However, all that is worthless if you are dealing with a scam broker like Athens Markets.

MT5 platform is suitable for all types of trading. Whether it’s scalping, hedging or day trading. It has integrated multiple advanced features that can raise the success rate. From social and copy trading to automated options. Even better, you can do that on any Android or iOS mobile device. Yet, if you can’t withdraw the profits there’s no reason to waste time.

And that’s exactly what traders experienced with Athens Markets trading company. Their only goal is to give you a false presentation of a legitimate company. To try luring traders with attractive offers. Luckily in many Athens Markets broker reviews you can see traders complaining about scamming activities of this broker.

What Account Types Do Athens Markets Offer?

Even though the broker claims to be number 1 they have quite a poor offer. There are only two account types available. But to make it worse, there’s no big difference between those. Anyway, those accounts are:

  •          Athens Pro
  •          Athens Standard

None of the accounts has the minimum deposit requirement revealed. Both account types allow you to hedge and EAs, but they only differ in trading conditions. With a Pro account, you get raw spreads, allegedly from 0.01 pips. However, you will pay a flat-rate commission which is unknown. On the contrary, the Standard account has zero commission but spread from 1.5 pips.

Besides this poor live account offer, they lack swap-free accounts for Islamic believers. But on the positive side, you can open a demo account before you risk any money. However, you will have to complete the full registration and provide this scam broker with your personal information.

What Can Be Traded on Athens Markets Market?

Athens Markets broker scam provides access to all 5 major instrument classes. Thus, nothing that you can’t get with a regulated and trusted broker. Some of the instruments are:

  •          Forex: EUR/HKD, USD/SGD, GBP/CHF
  •          Commodities: natural gas, palladium, silver
  •          Indices: S&P 500, Dow Jones, DAX 30
  •          Shares: General Motors, American Express, Netflix
  •          Cryptocurrencies: BTC, DASH, USDT

Important to realize is that leverage with this broker is a mystery. So, you don’t have negative balance protection. But you have an unknown risky leverage. It’s a perfect recipe for a disaster and outrageous scam. Better start looking for a Tier 1 licensed broker before you lost all your hard-earned money.

Another reason to look for a regulated broker is that Athens Markets claims not to offer services to US citizens. Yet, through Athens Markets reviews we can see a different picture.

Deposit and Withdrawal Process

Another key point is the funding method. One of the most important aspects of trading. But Athens Markets scam broker doesn’t seem to care. They are successfully hiding their options, but FAQ reveals the truth. They only accept Bitcoin payments. Not even Ethereum or any other. And there is only one reason behind that. They don’t want to get caught.

Crypto transactions are encrypted and hardly traceable. Therefore, offshore scam brokers like Athens Markets use that to their advantage. That’s the problem of non-existent funding policy and lack of regulations. Traders can’t get a chargeback like with card purchases. Luckily, there is a solution to that as well.

How Do I Receive A Refund If Athens Markets scammed me?

Let us hear first about your experience. You should never let these scammers get out with your money. By sharing your story, other traders can see what to expect from such illicit brokers. Once you burn your fingers, you get to understand the importance of regulations. But don’t lose all hope.

Our fund recovery team can build you a step-by-step strategy to recover funds. Their access to CipherTrace allows them to track even crypto transactions. This is a huge advantage for our specialized team.

Athens Markets Summary

  •          Offshore non-regulated broker.
  •          No leverage information is available.
  •          There is no negative balance protection.
  •          Many negative user-experience reviews.
  •          Minimum deposit information is not available.

FAQs About Athens Markets Broker

Is Athens Markets A Reputable Broker?

It has already earned a reputation as a scam broker after all its shady activities.

What are Athens Markets Funding Options?

The only available payment method is through cryptos, but only Bitcoin is accepted.

Does Athens Markets Provide Trial Accounts?

To sum it up, yes. But you can get a demo account after completing registration.


Leave new comment

Rate this broker*

Your email address will not be published. Required fields are marked *

Our Recommendations
Nov 17, 2022
Reading Time: 3 min
Content navigation