AI Trade Consulting Review – When Claims Do Not Align With Reality

Whenever you come across a strange internet domain like .io, .consulting, .trade or something out of the norm for a large and well established company, it’s best to keep your guard up. While the site layout and graphics do seem inviting, it’s all a carefully designed trap to lure new investors.

Read the remainder of our AI Trade Consulting Review to learn how this company ended up on the blacklists of so many regulators, and how to stay safe while trading.

Broker status:	Unregulated Broker
Regulated by:	No license
Operating Status:	Active Forex Trading Scam
Known Websites:	ai-trade.consulting
Blacklisted as a Scam by:	CBR, CONSOB, CNMV, A-TVP, FSMA, IOSCO
Owner:	N/A
Headquarters Country:	US (alleged)
Foundation Year:	2023
Online Trading Platforms:	Web Trader
Mobile Trading:	N/A
Minimum Deposit:	$500
Deposit Bonus:	No
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes – BTC, ETH, XRP, ADA
Available Trading Instruments:	Forex, Stocks, Commodities, Indices, Metals, Cryptocurrencies
Maximum Leverage:	1:400
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Stay away from unregulated firms! For help with recovery, contact our legal team.

Illicit in Every Sense of the Word

All we had to rely on during our investigation was a fictitious US address. Immediately after checking the NFA members list, we’ve determined that the conduct doesn’t have a valid brokerage license to operate in the US.

Our investigation didn’t end there, and we went on checking other databases updated by most prominent regulators in the EEA but worldwide as well. What we found shouldn’t shock you, considering we’re reviewing a suspicious service provider that’s virtually anonymous.

Therefore, regulators like CBR, FSMA, CONSOB, A-TVP, CNMV and IOSCO (independent) have posted public alerts to warn traders not to invest with this bogus platform. So beware, and while you’re at it, also make sure you avoid Havil Access, because their sole goal is to drain your bank accounts.

Low Reputation Online

While at one point these schemers attempted to cover up their scam operation with a bunch of fake AI Trade Consulting reviews on TrustPilot, the sheer volume of people complaining has turned the tables.

The company at this point has a 2.6 stars rating out of some 95 total reviews. Nearly all of the comments that are critical of the platform talk about their deposits getting lost from their balance or not appearing in the first place, and problems with payouts.

Another Boiler Room

Many of these faux brokerage companies employ people called boiler room agents to get the dirty work done. These agents work usually by phone, but in recent times they’ve expanded to social networks as well.

They follow a scenario, where they introduce themselves as some kinds of financial experts or account managers for an allegedly very profitable company. They use deceptive strategies such as showing fake profits on the site, or some other bogus information like chat messages from allegedly satisfied customers to make their claims stick.

It’s common for online con schemes to deny payouts. There is still a way to recover your assets, so get in touch with our legal team.

Painted Bullseye On Europe

The AI Trade Consulting scam was orchestrated and put to service in August 2023, although some of the documents on it date back to 2016. These con artists are mostly targeting people from several different regions of the EEA, with Italy being so far most impacted.

Here’s a more detailed overview:

• Italy

• Poland

• Netherlands

• Germany

Web Terminal Instead of MT4

The website does make bold statements about providing the best trading experience in a popular environment. However, the AI Trade Consulting MT4 turns out to be but a simplistic web distribution that bears no resemblance to the famous platform.

While the layout of this web trading software is comprehensive and easy to navigate, it certainly isn’t reliable. What’s most concerning is that it lacks all of the advanced analytical tools and options, deeming it less than useless.

The fact that it is so easy to manipulate the data shown on it is the reason why so many illicitly operating brokerage wannabes utilize it. In addition, it allegedly supports automated trading, which is basically the shortcut to losing your entire deposit.

Unimpressive Range of Markets

Phony brokerage brands are easily recognizable by the limited access to the financial instruments. Opening positions on this trading portal is only possible on several dozen products. Major ones that are usually advertised can be sorted in the following subgroups:

• Forex (UR/USD, EUR/GBP, USD/JPY)
• Stocks (Amazon, BMW, Boeing, 3M)
• Commodities (Wheat, Sugar, Coffee)
• Indices (Nasdaq, Dow Jones, DAX)
• Crypto (BTC, ETH, LTC, XRP, ZEC)
• Metals (Silver and Gold)

Seemingly Diverse Accounts

A large number of different accounts is used to cover the reality that there’s nothing of value to offer on the site. All of them are tiered live accounts, with the more expensive ones having benefits like personal training and tech analysis. This of course is done only to justify the increased funding costs.

Let’s have a look at them:

• Beginner – $500
• Classic – $1,000
• Silver – $10,000
• Gold – $25,000
• Platinum – $100,000
• VIP – $500,000

Costs and Risky Conditions

HIgh-risk trading terms available on this platform suggest that investors could easily lose their entire investment. By that, of course, we mean leverage. Just like with the Audemars Group, the highest leverage available on this site is 1:500.

That is not only multiple times higher than what the standards request, but it also means higher exposure and abnormal risk of loss. Unless you’re a trained risk-taking professional, we don’t suggest you accept such terms.

As for the trading costs, they’re never the same. One part of the website claims that they offer the lowest spreads in the industry, but then we see claims about starting spreads being 1 pips on EUR/USD on all accounts.

Hidden Payment Channels

These con artists didn’t even bother to mention any financial channel on their website. You’ll have to create an account and log into the dashboard first to learn how you may deposit or withdraw any money.

Allegedly, it’s possible to invest through several different crypto networks, and by bank cards. The withdrawals mismatch this by offering bank wires as well, which is in contrast with international AML regulation.

Take Back Your Investment!

Engaging in trading on suspicious and unreliable trading portals always results in the same financial catastrophe. That’s why it’s so important to always keep yourself updated and well informed. Also, double checking your broker of choice provides additional insight that could spare you the trouble later.

However, even if you’ve made the mistake of investing with untrustworthy online financial services providers, there’s still hope to regain your funds. Contact us via the live chat and we’ll book your free consultation.