AmeritForexTrade
ameritforextrade.com
🚫 Confirmed ScamActive Warning
Risk Summary
AmeritForexTrade promises 'guaranteed earnings' and 'huge ROI' to lure retail traders, then systematically denies withdrawal requests and locks accounts after large deposits are received. The firm has been flagged by the FCA and the Financial Commission for potential fraud.
Regulatory status: No recognised regulatory licence. Listed on the FCA Warning List (March 2023) and flagged by the Financial Commission.
Last verified: 25 January 2025 by BrokerDir Editorial Team
Official Regulatory Warnings
FCA (Financial Conduct Authority)2023-03-07
The FCA issued a public warning on 7 March 2023 that AmeritForexTrade is not authorised to provide financial services in the UK, advising consumers that the firm may be conducting activities in violation of UK financial services law.
Financial Commission2023-03-07
The Financial Commission issued a scam alert on 7 March 2023 adding AmeritForexTrade to its warning list, noting patterns consistent with systematic withdrawal fraud and advance-fee scam operations.
Also Known As
Amerit Forex Trade
Red Flags
- Promises 'guaranteed earnings' and 'huge ROI' - illegal and impossible claims
- Systematic withdrawal denials reported by multiple clients
- Account lockouts occur after victims make large deposits
- Customer service becomes unresponsive after funds are received
- No verifiable regulatory licence from any recognised authority
- Flagged for potential fraud by the Financial Commission
What to Do If You've Been Affected
Stop all further deposits immediately and refuse any request for additional fees to 'release' your funds. File a complaint with the FCA via their online scam reporting tool and to Action Fraud at actionfraud.police.uk. Contact your bank or payment provider right away to dispute any transactions. Document all communications, account balances, and payment receipts. Do not engage with any 'recovery service' that contacts you unsolicited - these are almost always secondary scams targeting fraud victims.
Safer Alternatives
These regulated brokers are reviewed by our editorial team and available as safer alternatives.
Frequently Asked Questions
No. AmeritForexTrade is an unauthorised firm with no regulatory licence. It is not affiliated with any legitimate financial institution and has been flagged for fraud by multiple oversight bodies.
Withdrawal refusals are a hallmark of forex scam operations. The firm may demand additional deposits, 'taxes', or 'compliance fees' to release funds - do not pay these. Cease all further engagement and report the matter to the FCA and your bank immediately.
Recovery is not guaranteed, but you should act quickly. Contact your bank to initiate a chargeback if you paid by card, and report to the FCA and Action Fraud. Avoid so-called 'fund recovery' companies, which are often secondary scams targeting victims of the original fraud.