AMZ Tact is a common fake broker, but it goes further than most by falsely posing as a regulated financial provider.

This review will highlight the importance of thorough fact-checking before investing, showing why it’s crucial to be cautious with your money.

AMZ Tact Regulation and License

A legitimate financial services provider’s website will clearly display detailed company information, licensing, and access to legal documents, but even these can be misleading. AMZ Tact claims to be based in Germany and supposedly regulated in Cyprus, Dubai, Australia, and the UK.

However, the provided license links redirect to fake regulator websites. A check with the actual regulatory bodies shows no broker named AMZ Tact.

Moreover, their Client Agreement omits a company name and lists Vanuatu, an offshore jurisdiction, as applicable—indicating a lack of genuine regulation.

AMZ Tact Platform

AMZ Tact uses a basic web trading platform with essential features like order placement, chart customization, and technical indicators.

However, it lacks the advanced functionality of popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Scammers often use such simple and rigged platforms to trick victims into thinking their money is being invested, while in reality, it goes straight into the scammers’ hands.

AMZ Tact Minimum Deposit

AMZ Tact demands a minimum deposit of 1,000 USD. However, you can start trading with a fully licensed forex broker for a fraction of that amount, often ten to a hundred times less.

AMZ Tact Spreads

AMZ Tact fails to disclose trading costs. On its platform, a spread of 0.1 pip is visible, indicating that commissions may be charged, but the exact amount remains undisclosed.

AMZ Tact Payment Methods

It’s no surprise that AMZ Tact only accepts cryptocurrency payments—a preferred method for financial scammers.

Cryptocurrencies offer anonymity and make it impossible for victims to request refunds, which is why scammers favor them.

AMZ Tact Leverage

AMZ Tact offers leverage of up to 1:100, exceeding the limits set by regulators in the jurisdictions where it claims to be licensed.

While high leverage can lead to higher profits, it also significantly raises the risk of substantial losses. Major regulators restrict leverage for retail traders, capping it at 1:30 in the EU, UK, Dubai, and Australia.

Bottom Line:

AMZ Tact’s false regulatory claims, fake licenses, lack of transparency, and reliance on cryptocurrency payments all point to a high-risk operation. Combined with their dangerous leverage offerings, this broker raises numerous red flags that should make any potential investor think twice before getting involved.