Two Faces of the Same Online Scam

Once an offshore Forex platform, AAG Markets is now an investment scheme with a bogus website. We saw right through the cunning facade and decided to expose this scam in our AAG Markets Review.

There is plenty of evidence against the platform so bear with us as we outline the main reasons why you should direct your hard-earned funds elsewhere, to a more reliable provider. If you’ve already deposited money, learn how you can recover it.

Legal Info: Is AAG Markets Regulated?

According to some earlier AAG Markets reviews, this company (aagmarkets.com) was once based in the notorious offshore jurisdiction of Saint Vincent and the Grenadines, just like Blaze Markets. The business has been allegedly transferred to the United Kingdom but there is one problem.

The company ID provided on the website belongs to another entity – Fixeday Investment Limited, per the Company House. We did, however, find a regulatory warning issued against this new investment scheme. It appeared on October 13 this year on the website of the UK’s Financial Conduct Authority (FCA).

For that reason, the firm cannot be trusted. The lack of a license implies that you “won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business,” the FCA says.

Instead of trusting unlicensed tricksters, you should stick to regulated providers operating under the watchful eyes of esteemed financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.

Who Are AAG Markets’s Targets?

According to godaddy.com/whois, the active aag-markets.com website domain was created on September 18, 2023. Since then, the financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:

• United Kingdom;
• United Arab Emirates;
• India;
• Australia;
• Canada.

Each of these countries is known for enforcing heavy financial market regulations, especially when it comes to Forex trading and digital assets. One common law stipulates that each financial market participant is required to possess a necessary license or permit.

To reiterate, AAG Markets is blacklisted by the FCA. The broker directly violates the UK regulatory rules by not registering with the financial authority.

Trader Reviews – Sharing Experiences

The old AAG Markets website received relatively positive feedback on trustpilot.com in 2020 but that brokerage page is now unavailable and the one that’s active is more of an investment platform. The latter received no reviews at all though. 

Be wary of fake reviews because it’s a common trick used by shady providers to deceive traders. For that reason, please avoid trading on unregulated platforms and instead stick to transparent and licensed firms. Illicit UK operators such as Veptex are dangerous.

How the Investment Scam Works

We assume that this investment fraud works like any other – as soon as you request a withdrawal, you will be denied. Customer support will simply cease all communication and you’ll be left without any compensation. 

Furthermore, AAG Markets may demand an illegal upfront fee before allowing users to withdraw any funds whatsoever. As for the means and channels used to talk with clients, the fraudster relies on Telegram and WhatsApp. In case you’ve already deposited your funds, we can help you recover the money.

Which Trading Platform Is Available?

It is unknown which trading platforms AAG Markets uses to run its strategies and make profits. The website did display a TradingView web terminal though, which is actually pretty lackluster and rudimental. 

Nevertheless, if you want a pure trading experience, you should stick to licensed providers that support proper third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms are arguably the best in the industry, enabling traders to utilize innovative tools such as automated & algorithmic trading, advanced charting, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.

AAG Markets investment plans

A 20% return in just two days?! Such an incredible return is only possible if the firm gambles with your money and wins but you already know how risky that is and how easily it can turn into a loss. Trading is unpredictable so it’s not possible to guarantee such high returns.

Deposit and Withdrawal Process

AAG Markets states that there are three available payment methods that can be used to fund live trading accounts:

• Credit/debit cards (MasterCard, VISA);
• Wire transfers;
• E-wallets (Payeer, Skrill, etc.);
• Cryptocurrencies.

In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wires can be reversed via a recall but this action can only work for transactions yet to be completed.

The shady company did not disclose which payment methods can be used to deposit funds. However, we found out that funds can be withdrawn to Bitcoin wallets. Fees and the minimum deposit requirement are unknown as well, which just shows the alarming lack of transparency.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and undo, plus such a method allows them to remain anonymous and run their schemes.

To reverse crypto transactions, you’re going to need to seek out professional assistance as these types of payments can be a nightmare to refund. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About AAG Markets

To sum up our review, the AAG Markets company is nothing but an investment hoax aimed to defraud mainly traders from the United Kingdom, United Arab Emirates, Canada, Australia, and India.

We do not recommend this platform because it is anonymous and unregulated, plus blacklisted by the FCA. Withdrawal issues are inevitable. In case you’ve lost money to the AAG Markets scam, you must seek our professional help to recover your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

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