Atrade International

Overview of Atrade International

ATrade International was once a highly popular online trading broker that gained significant traction among traders. However, the broker's operations came to a halt due to operating without a license and facing shut down by multiple financial authorities. Despite the lack of essential details on its website, the broker provided an address in France, raising concerns about regulation by the AMF. Instead of regulatory approval, the AMF issued an alert regarding ATrade International.

With a notable presence on social media but a concerning number of negative reviews, ATrade International's questionable practices and violation of regulatory laws, such as offering leverages beyond European limits, have drawn attention to its legitimacy and trustworthiness in the online trading market.

Pros & Cons

Pros

• Islamic swap-free account available: ATrade International offers Islamic swap-free account option for traders seeking to avoid overnight fees.
• Cons
• Lack of regulation: ATrade International is unregulated. Lack of regulation, operated without a license, and faced shutdown by financial authorities.
• Demo account unavailable: Atrade International has faced scam allegations and regulatory warnings from authorities such as the AMF in France, AMF in Ireland, CSA, and IOSCO.
• Questionable practices: Questionable practices, such as offering leverages beyond European limits, leading to negative reviews and doubts about legitimacy and trustworthiness.

Regulatory Authority

According to the information on WikiBit, ATrade International has not been regulated by any notable authority. This lack of regulation can be seen as a disadvantage for traders. When an exchange is unregulated, it means that there may be a lack of oversight and accountability.



Security

As Atrade International was an unregulated broker with a history of regulatory warnings and alerts from financial authorities such as the AFM in Ireland, the AMF in France, the CSA, and IOSCO, its security practices and credibility were questionable. The lack of transparency and regulatory oversight raised concerns about the safety of traders' funds and personal information.

While the efforts of financial authorities led to the cessation of Atrade International's operations, it's important to remain cautious and vigilant, as there is a possibility of the company reemerging under a different name.

Cryptocurrencies Available

Atrade International provides access to a range of cryptocurrencies for trading. Some of the cryptocurrencies available on the platform include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more. Traders can take advantage of the volatility and potential profit opportunities offered by these digital assets on the Atrade International platform.

Services

Cryptocurrency Trading: ATrade International provides access to trading in a variety of cryptocurrencies, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and potentially more. Traders can speculate on the price movements of these digital assets and take advantage of their volatility.

Forex Trading: The broker may offer forex trading services, allowing traders to participate in the foreign exchange market and speculate on the exchange rates of currency pairs.

CFD Trading: ATrade International may also offer trading in Contracts for Difference (CFDs) on various assets, including cryptocurrencies, forex pairs, indices, commodities, shares, and gold. Traders can potentially profit from price movements in these underlying assets without owning the assets themselves.

Minimum Deposit: The minimum deposit required to open a trading account with ATrade International appears to vary, with conflicting information ranging from $200 to $10,000. Traders should clarify the minimum deposit requirement before opening an account.

Payment Methods: ATrade International offers limited payment options, primarily in cryptocurrencies such as Bitcoin, Ethereum, and USD Tether. This may pose challenges for traders who prefer more conventional payment methods like bank transfers or credit/debit cards.

How to Buy Cryptos？

As Atrade International is an unregulated broker with a history of regulatory warnings and alerts, it is not advised to engage in trading or purchasing cryptocurrencies through this platform. To buy cryptocurrencies safely and securely, it is recommended to use reputable and regulated cryptocurrency exchanges that adhere to industry standards and provide a secure trading environment.

Platforms like Coinbase, Binance, Kraken, or Gemini are popular and trusted options for buying cryptocurrencies. Conduct thorough research, verify the regulatory credentials of the exchange, and prioritize security measures to protect your investments when choosing a platform to buy cryptos.

Payment Method

The payment options available at ATrade International are limited to cryptocurrencies, specifically Bitcoin, Ethereum, and USD Tether. This preference for crypto payments is likely due to the irreversible nature of cryptocurrency transactions, providing little to no recourse for users who may have been scammed. Unlike traditional payment methods like VISA or Mastercard, where chargebacks can be initiated in cases of fraud, utilizing cryptocurrencies with ATrade International could pose significant risks, given the lack of transparency regarding wallet owners and the absence of recourse for reversing transactions.

If you suspect any irregularities or fraudulent activities while dealing with an unregulated and potentially anonymous platform like ATrade International, it is advisable to take immediate action, including exploring options for chargebacks through your financial institution.

Fees

Atrade International advertises a spread of 0.8 pips for the EUR/USD pair, but the accuracy of this claim cannot be confirmed without platform access. The company also offers raw spread accounts with undisclosed commission fees. Swaps apply to all accounts except for the Islamic account option.

Is Atrade International a Good Exchange for You？

Since Atrade International is unregulated and has faced regulatory warnings and has been associated with scam allegations, which raises concerns about its trustworthiness and reliability. As such, it is not recommended as a best exchange for any aspect given its history of regulatory issues.

Traders should prioritize using reputable and regulated exchanges that prioritize security, transparency, and compliance with industry standards to ensure a safe and reliable trading experience.

Frequently Asked Questions (FAQs)

Is ATrade International a Legit Broker？

ATrade International is an unregulated trading brokerage.

Does ATrade International Offer a Demo Account？

No.

Is ATrade International Withdrawal Possible？

Considering the broker is no longer operational, getting a withdrawal is pretty much impossible. However, if you were scammed by ATrade, reporting them to law enforcement and financial authorities might do the trick.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.