Astra Horizon broker is another in the line of European shady brokers. Primarily they restrict some countries from trading with them. Whether it’s low potential or strict regulations that’s not professional.
Their official owner is Polish Merchanx Zoo. Yet, it’s unrevealed how long they are into business. Many other irregularities find in this detailed Astra Horizon review.
Furthermore, we strongly advise you not to invest in the bogus brokers Capitalix, Dripcoin, and Demaxis. If you want to save money, don’t trade with these unlicensed brokers!
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | Astrahorizon.com |
| Blacklisted as a Scam by: | FCA, CSA |
| Owned by: | Merchanx zoo |
| Headquarters Country: | Poland |
| Foundation year: | N/A |
| Supported Platforms: | Web trader |
| Minimum Deposit: | N/A |
| Cryptocurrencies: | Yes – BTC, LTC, ADA |
| Types of Assets: | Forex, Commodities, Indices, Shares, Cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | No |
| Accepts US clients: | No |
Astra Horizon Broker – Legit or Scam?
With headquarters in Poland, they should comply with the regulations of that country. Main reguator in Poland is KNF. However, upon researching their register, we couldn’t find any information about this broker.
To get confirmation that this is a scam broker, we tried the database of Tier 1 regulators. Such as FCA, ASIC or BaFin. Yet, the results were the same. Some are even more disappointing. Because there are multiple warnings against this illicit broker.
An unregulated broker with many warnings against it. Non-transparent ownership and trading information. Untrusted trading platform and a lot of negative reviews.
Warning Issued by Financial Authorities
In general, the idea of reviews is to expose scammers. That’s how regulators can start their investigations and warn traders.
For instance, Astra Horizon trading company is blacklisted by two institutions at least. Primarily, UK’s Financial Conduct Authority. Secondly, Canadian Securities Administrators. This should be enough for you to rethink investing here.
What Traders Are Saying About Astra Horizon
In fact, even more, discouraging is their rating on Trustpilot. Out of 170 reviews, more than 75% are with the worst rating.
For example, that’s every 3 out of 4 clients had some issues. But that primarily got scammed. In general, many complained about withdrawal issues and malicious trading platform.
Differentiating Astra Horizon Platforms – A Software Comparison
Trading platforms are one of the biggest controversies these days. For instance, Asra Horizon offers only proprietary web trader. With so many warnings and negative Astra Horizon reviews, you know there is something wrong.
The main issue with a such platform is not the lack of trading tools. Actually, it is a possibility for manipulation. That’s exactly what these unregulated scam brokers are doing. In a blink of an eye, your account is in a deep loss or wiped off completely. Suddenly, you are getting calls to get put in more money. All of that often happens once you request a withdrawal. What a coincidence.
Therefore, you should always opt for Top Tier licensed broker with Meta Trader at least.
Astra Horizon’s Trading Assets and Instruments
All the instruments in the world can’t get them out of trouble. Yet, they try their best to fake their legitimacy. They offer 5 major instrument classes:
- Currency pairs (Forex) � � � � � AUD/CAD, EUR/SGD, JPY/HKD
- Commodities� � � � � � � � � � � � natural gas, platinum, brent oil
- Indices� � � � � � � � � � � � � � � AU200, Nikkei 225, Dow Jones
- Shares� � � � � � � � � � � � � � � � � Walt Disney, Netflix, American Airlines
- Cryptocurrencies � � � � � � � � � BTC, BNB, XRM
Not to mention that all instruments you are trading with unclear conditions. Since this is unregulated broker we can’t trust anything presented on their website.
Astra Horizon Countries Of Service
As we can determine from Astra Horizon reviews, they operate worldwide. But mainly they are scamming traders from:
- Canada
- France
- United Kingdom
- Benin
- Italy
Countries most likely avoided are the US, Japan and North Korea. Most probably due to strict regulations and federal laws.
Types of Accounts Available With Astra Horizon
Astra Horizon broker is not quite transparent about their offers. They offer only 3 account types. But only with shady educational benefits and welcome bonuses.
Those accounts are:
However, you can’t find anywhere on their website what is the minimum deposit requirement. Moreover, an additional red flag for this scam broker.
Can a Trader Use a Demo Account?
Another warning sign of a scam broker is the lack of a demo account. If by any chance they give you insight into their operations that would expose all their flaws. Not only that they don’t offer a demo, but also do not have a micro account. Not to mention an Islamic account.
Astra Horizon Account Protection
The broker claims to provide various security measures for clients’ funds. They claim that digital currencies are insured. Moreover, for fiat currency, they have segregated bank accounts.
Yet, the broker doesn’t have any regulations. Therefore no obligation to present anything on the website in the right manner.
Terms of Service for Astra Horizon
This broker only accepts wire transfers and crypto transfers as funding methods. The reason for that is that transactions are irreversible.
Another key point is a welcome bonus. These are forbidden worldwide due to malicious clauses. None of the EU regulators would ever allow a broker to offer any kind of bonuses. Therefore, it’s another clear sign of an investment scam.
Leverage, Spreads and Fees
What this broker fails to present is trading conditions. Mostly because of non-attractive offers that are dealbreakers.
Astra Horizon scam broker didn’t reveal leverage or fees. So, all costs are up to the brokers’ mercy. The only available information is spread, which starts from 0.5 pips for majors. But knowing that this is a fraudulent broker, we wouldn’t trust it much.
Scammed by an Astra Horizon Broker? – We Want To Hear Your Story.
Let us know about your experiece. Every issue has a potential solution. Our fund recovery team can advise you on further steps. You just need to book a free consultation and we are ready to go. Get in touch now!
What Is the Chargeback Procedure?
The chargeback process is performed on credit/debit card transactions. But don’t lose all hope. We know that many scammers are using cryptos these days. That’s why our team gained access to CipherTrace.
We can find the main destination of crypto transfer and start recovery. Don’t waste time and book your meeting now!
What Is Astra Horizon?
Astra Horizon is a European-based Forex and CFD trading company operating without proper authorization.
Is Astra Horizon a Scam Broker?
Yes. They are not regulated and multiple warnings are issued against the broker.
Is Astra Horizon Available in the United States or the UK?
The broker doesn’t offer its services to US clients, but only UK.
Does Astra Horizon Offer a Demo Account?
No. Besides risking their money, clients don’t have a trading test-out option.
Source:
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