AMEGA: dubious reputation, lack of regulator, and account verification failures The popularity of trading companies has been growing rapidly in recent years. It goes without saying that a reliable broker is a key element of successful trading. Investors trust someone with their money and they have to be sure that the company will guarantee its safety. The number of brokerage firms increases every year. Unfortunately, the high demand for this type of service did not go unnoticed by scammers. Nowadays, unscrupulous sham companies deceive traders by stealing their money and depriving them of legitimate financial profit. In this article, we will tell you about the dubious reputation of AMEGA, namely about the regulator, reviews of other traders, and queer verification procedure. About company On the company's website, there is the "Regulation" section but without any information about the place of registration, regulatory authorities, or the history of brand development. There is also a lack of information in the "Contacts" section – only email addresses, links to social networks, and a feedback form. We were unable to find the address of the main office or phone numbers of the company. It means that this broker is likely to be another "Forex kitchen" that hides its location and does not even care about creating any brand story to lure clients. On the Internet, there is information that the broker entered the financial market for the first time in 2018. Reviews of cooperation with AMEGA start to appear also in 2018. AMEGA does not provide e-commerce services to residents of the Republic of Seychelles, the Republic of the Marshall Islands, the United States, or some other countries. Notably, the company offers its customers a generous bonus program. AMEGA bonus programs are mentioned in all online reviews devoted to the broker's work. The company's entire news feed is full of big bonus announcements. Currently, a 150% bonus for the first deposit and a 100% bonus for each deposit are offered. Some time ago, AMEGA also offered a $222 No Deposit Bonus that was quite popular among traders. Presently, there is no information about it on the website. Take a look at the reviews on the Internet:
Alexander Shah, 18.12.2018
Emin Aliev, 20.12.18
Crazy Life, 20.12.2018 Curiously enough, these reviews are rated five stars. It is only the smallest part of the positive comments about cooperation with the broker. Did we unfairly accuse the broker of dishonesty despite so many satisfied traders?
Vladimir, Russia 02.03.2018 However, things are rather different from what was stated in those reviews. The fact is that some traders said that the broker gave $222 bonuses to client accounts with a promise that they could withdraw it if they left a positive review about the company. Could you expect such a trick? Of course, the broker's actions were criticized by many independent forums. Moreover, traders should also smell the rat: only think, more than $200 for one positive comment is too generous, isn’t it? There is no need to be a fortune teller to predict that investors will be unable to withdraw the bonus. Furthermore, we came across a lot of negative comments from traders. Importantly, many of them were left by the same people who wrote a laudatory review a month earlier. There were comments stating that the bonus program worked and the $222 bonus credited the trader's account. However, the number of such reviews is scarce. Besides, they seem far-fetched. Here are negative comments about the company:
Igor, Russia 22.07.2020
Ivan, 23.07.2020
Sergey, 20.08.2019 AMEGA verification procedure You may have probably noticed that many investors complain about difficulties arising at the verification stage. To withdraw money from the AMEGA website, you need to confirm your identity. Yet, a lot of traders cannot do it as they face insurmountable difficulties. What does the broker require? Scanned copy of the passport and other documents. However, when the client provides necessary documents, the company's representatives say that there are some problems with the docs.
Yuri, 02.04.2019 They Constantly change the verification rules. The company's manager asks the trader to send a photo with the passport in hand or a photo of the document itself on a white background with a timestamp. Before doing so, please remember that it is unsafe to reveal your personal data to suspicious brokers without registration. Don't you think it is odd that the company itself hides its address and other necessary information, but it obliges traders to disclose personal data? Conclusion It is not so difficult to raise the profile of the company with fake reviews. This is why many scammers do it without a moment of hesitation. They promise traders mountains of gold in exchange for a positive comment. Many laudable comments attract other gullible traders. However, it will not last forever. Sooner or later, without receiving the bonuses, traders will flood the Internet with negative comments. Do not rush to open an account with a broker after reading the tempting promises, you should look at the "Regulation" section as well as get acquainted with the main information about the company's activity. If the broker has no regulator and some brand history, you should stay away from such con organizations. By no means should you open an account with such a broker. Apparently, the notoriously famous $222 No Deposit Bonus was the limitation of AMEGA’s creativity and fantasy as the company did not launch some other bonus contests. The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
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My mistake was still pursuing to open an account at Amega when the company was clearly not regulated. I took the risk because of their promising trading services. I did not expect that this would be the reason I would be losing all the money I worked hard for.
Whenever I was speaking with the representatives of Amega, they were always straightforward. Whenever they tell me that I have a higher chance to earn and that they are impressed with my trading results, they never held back. It came out of their mouths so naturally as if the lie was real. This is scary and I never want to have this experience again.
I wanted to withdraw my funds from Amega but the broker asked for an account verification. I submitted all the requirements yet they rejected them all. I already submitted all possible documents but they never approved anything. In the end, my account was terminated and I never got back anything from my investment.
I should have never ignored the fact that Amega has no license nor regulator. I was more interested in the lucrative offers that I did not take into consideration the security of my money anymore. This has been a big lesson for me and it made me realize how important it is to be careful in choosing where to invest.
When I opened an account at Amega, I invested $100. I was assisted by their representative, even helped me to make my account profitable. After a while, he started encouraging me to add more funds. Unfortunately, I cannot afford to invest more. When I told him that, my account was instantly closed.
When I tried to withdraw money from Amega, the representative required me to deposit $500 first. It made no sense because it would only be like I was withdrawing the money that I deposited. But I do understand now why they wanted that: to get more money from me. Good thing, I did not follow. But I still lost the initial capital that I had.
I received a no deposit bonus from Amega but a week later, the company demanded that I deposit twice the amount of the bonus. I cannot afford a huge investment which is exactly why I took the bonus. I told them that I will just be closing my account instead but they told me that I need to pay for the losses first.
Oh, thank goodness I did not open an account at Amega. This broker contacted me and their services were quite promising but I found another broker thus, I did not invest with Amega. But if I hadn't found my current broker, I would have already lost my money.
My friend was fooled by Amega. To be honest, I almost opened an account with them as well because of my friend. She thought that all of the successful trades on her account was true. Good thing, before I had the money to invest, the truth behind the broker has been revealed.
Well, that's too bad about your friend, but good thing you were able to dodge it. I was just like your friend who believed that I was successfully making my trades at Amega. The truth came out only when I insisted on withdrawing my profits and the broker decided to just close my account instead of releasing my money.
I was never able to take back my own money from Amega after they shut down. They completely cut all communication means so that we won't be able to reach them anymore. I regret ever dealing with this broker because I only wasted my money. Let this be a reminder that we should always verify the authenticity of any company we are planning to engage with.
Naturally, this is what a fraud broker would do. They will make sure that none of their clients will be able to contact them again. It is very frustrating that the company you trusted would only betray you like this.
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