Brief informationArmax.Trade
It is one of the most modest and meager sites that we have ever met in this industry. Here the layout is definitely not put at the forefront, and the content is rather chaotic.
In the «Certification» tab there is the Arcet logo - this is the Association for the Regulation and Certification of Exchange Trade. However, this association is not a financial regulator and does not have the right to issue broker permits. Therefore, Armax Trade does not have a license.
The section with contacts is completely empty, with the exception of a single phrase-condition: "Register to use the feedback form". In the bowels of the trade agreement, you can find the mail@armax.trade email address. Phone numbers and office addresses are not indicated.
The site has versions in two languages: Russian and English, the latter is also minimalistic.
Personal account with Armax Trade
A long registration form is available on the homepage and is almost the only content of the website.
The customers will be asked to provide the following data:
- name, surname,
- e-mail,
- date of birth,
- full address, from city and to house number,
- postcode.
There is a window for a promo code in case a person comes to the broker’s services through some affiliate program. To complete your registration it is necessary to accept the client agreement and confirm the registration via the link that will come on your e-mail.
Before registration and, consequently, collection of all the data, the company, in principle, is not interested in communication with clients. At least the feedback form and a number of trading conditions become available only after registration.
There is a choice between euro and US dollar as the main currency. Clients who would like to work with other types of currencies are invited by the broker to discuss this opportunity individually.
Trading instruments
The site has a tab with such title in the "School of Traders" section, but it has an exclusively educational function. It is more difficult to find what exactly the company offers to trade. In the text of the “Client Agreement” we found a mention of two types of assets:
- Forex,
- Contracts for differences CFDs.
The company does not spoil us with details about instruments and conditions. There is also nothing about them in the FAQ section.
We managed to find out that the company’s platform is exclusively its own. It does not require installation: you can trade online by entering your username and password.
Replenishment and withdrawal with «Armax.Trade»
Such a section on the site is also not provided. Some details can be found in the «Non-Trading Operations» section of the client agreement. It states that you can deposit and withdraw money in any way specified in your personal account. That is, you cannot see them until you are fully registered. But at the bottom of the homepage of the site there are logos of some payment systems.
Withdrawal of funds is carried out the same way as the funds are deposited. If this is not possible - for example, when replenishing through a payment terminal, then bank transfers remain.
The minimum amount for withdrawal is not mentioned anywhere, but it is stated that the funds should be “free”. All withdrawal applications must be confirmed with a dynamic password, which will be sent by SMS to the phone number specified during registration. Withdrawal of more than 1,000 units in the selected currency is possible only after voice confirmation.
There are definitely some commissions and fees - their existence is indicated in the client agreement. However, we did not find their sizes and specifics.
Conclusion about Armax.Trade
The company operates illegally, and is ready to disclose working conditions only to registered users. This is not a normal situation: brokers that have nothing to hide, extensively explain the details of cooperation and place them in the public domain.
We recommend you not to risk money and not to fill in registration forms in such companies - because in this way you give them your personal data and contacts.
