Asking for extra fees when withdrawing money is definitely a scam! AAATradecn’s fraud tactics are not clever.-Zhen Huicha

If a foreign exchange platform requires you to pay a "risk fee" or "margin" before withdrawing money, then call the police and stay away! Investors must not credulously believe that "you can withdraw money after paying the money". This is very likely to be a "bottomless pit" that will only sink deeper and expand losses. Recently, when Yihuiyou tried to withdraw cash on the AAATradecn platform, it was called for a margin of up to 30% of the total account funds, which was euphemistically called to "relieve risk control."

After paying the "security deposit", you still cannot withdraw cash.

According to Huiyou, he had not opened an account and traded on the AAATradecn platform for a long time, but his first attempt to withdraw cash failed. When he asked the platform customer service, he was told that the withdrawal function was locked because the system found that his account was in risk control mode, and he had to withdraw money. If you want to restore the withdrawal function, Huiyou needs to pay 30% of the total account funds as a deposit, which is 1006.74 USDT (1USDT=1 US dollar). Huiyou had doubts at first, but in order to withdraw cash, he dubiously transferred US$1,006.74 as required. However, it turned out that he lost the bet after all!

Asking for extra fees when withdrawing money is definitely a scam! AAATradecn’s fraud tactics are not clever.

false promotion! AAATradecn has been warned by regulatory agencies many times

After inquiry, the URL of the AAATradecn platform is https://aaatradecn.co, and the domain name was established on September 20, 2023. It has not been long and it can still be opened normally.

The platform claims to provide trading services such as foreign exchange, stock indices, commodities, cryptocurrencies, etc. AAATradecn Lld is a Cyprus investment company regulated by the Cyprus Securities and Exchange Commission (CySEC). The webpage indicates that Maximus Global Markets LTD is the brand holder, registered in Saint Vincent and the Grenadines, registration number 25163 IBC 2018.

We found no corresponding company name in Cyprus CySEC and St. Vincent FSA, and St. Vincent does not regulate financial derivatives. Obviously, this platform is false advertising and is not regulated at all. Many investors know the importance of regulatory licenses when choosing a foreign exchange platform, but they must not just believe the platform's words. In this information age where false information is flying everywhere, users still need to investigate and judge by themselves, and be cautious. wrong!

It is worth noting that as early as October 26, 2023, the Cyprus Securities and Exchange Commission (CySEC) issued a warning stating that AAATRADECN was not authorized to provide financial services or products. Obviously, the platform’s claims of being regulated by CySEC are purely fabricated.

In addition, on January 22, 2024, the Spanish National Securities Market Commission (CNMV) also issued a warning stating that AAATRADECN was not authorized to provide financial services or products.

In foreign exchange transactions, even compliant foreign exchange platforms may indeed have transaction problems, withdrawal problems or account problems, but compliant platforms will not ask for additional fees. Obviously, the above-mentioned Huiyou were deceived by the hacked platform AAATRADECN.

Let me remind you again, before trading and investing, you must review the compliance of the platform from multiple parties. If you accidentally fall into a black platform, you must stop your losses in time! No matter how well packaged the black platform is, as long as you are willing to verify it, you can uncover its false appearance. If you are too lazy to check, you can enter the platform name on our website for a second to check. If the platform query fails, you can also check it on our website. Submit an inquiry to the website and we will inquire and respond to you for free.