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Altman Finance Broker Review

Even though Altman Finance asserts that it “knows its traders” and only offers the finest service, the truth is quite different. This is why we conducted a review and provided you with all the information about the brokerage so you could decide for yourself.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: No Info
Owned by: ALTMAN FINANCE INVESTMENT CO LTD
Headquarters Country: Seychelles
Foundation year: 2018
Supported Platforms: MT5
Minimum Deposit: N/A
Cryptocurrencies: No
Types of Assets: Commodities, shares, future, FX
Maximum Leverage: N/A
Free Demo Account: Yes, available
Accepts US clients: Not Accepted

Regulations and Security

The Seychelles-based ALTMAN FINANCE INVESTMENT CO LTD owns Altman Finance. We haven’t had high hopes for finding a regulation because it’s an offshore nation. But we made an effort. After checking the FSA Seychelles, FCA, ASIC, BaFin, and a few other Tier1 registers, we came up empty-handed.

It informs us that working with this broker entails working with a shady offshore company, and you shouldn’t let that happen.

Fund Withdrawal Issues

We discovered that the trader’s inability to withdraw funds was a more important problem than the fact that it was unregulated. As soon as you begin investing, you will realize that your broker’s account managers are neither helpful nor willing to be of assistance. They will merely request that you add more money.

If you decide against it, though, your account access will be suspended, and your money will be lost forever. Trading with an uncontrolled firm that lacks a compensation fund entails that risk.

Investing with Tier 1 brokers ensures financial security because they are required by law to establish compensation funds with a minimum of 700,000 EUR. That’s why we’d always suggest making such a decision.

Traders About Altman Finance Scam

Altman Finance reviews claim that traders have nothing positive to say, as you would already have guessed. The absence of a minimum initial investment is the first item that causes concern. Accordingly, the broker may phone each client and ask for a different sum depending on their financial situation.

Additionally, key fundamental trading terms—like spread and leverage—haven’t been covered, leaving clients unsure of their ability to turn a profit or not.

Therefore, you should stay away from Altman Finance broker and other shady brokers.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]