AnyTrades Review (2023)

Is Anytrades a scam or a legit broker?

Anytrades is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

What is Anytrades?

Anytrades was established in 2016 and claims to be one of the best CFD providers in the world with an innovative award-winning trading platform. This Forex brokerage company provides a wide range of trading options, platforms, and strategies for investors in today’s exciting and rapidly expanding Foreign Exchange Market. AnyTrades offers Contracts for Difference (CFDs) on 5 different asset classes: Forex, Shares, Indices, Futures, Commodities. The broker also claims to provide a variety of trading tools for your advantage, offer the latest trading platforms to ensure your strategy implementation, and provide a 24/5 multilingual support tailored to your needs. Despite all these claims the main question is always broker’s authorisation.

Licenses & Regulation

Is Anytrades regulated?

It is not safe to trade with AnyTrades as it is an offshore entity. AnyTrades © is authorised, licensed and regulated by the VFSC (Registration N: 14691), which means AnyTrades is an offshore company registered in Vanuatu and registered with a Vanuatu Financial Services Commission license.

Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial established capital which is $2,000 only, to pay a fee, and within 2-3 month, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as FX NextGen, Titan FX and more. 

As to the broker’s VFSC license, from our source, it costs €24,000 per year to become a member. However, there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read more about Forex Trading: Why Avoid Brokers from Vanuatu in our article. 

Is Anytrades a scam?

Also, the broker claims to have offices in Denmark, Liechtenstein, Gibraltar and Malta. However, the firm is not regulated in these countries and is not allowed to offer financial services. All the reputable brokers in Europe have licenses from such popular authorities as German Federal Financial Supervisory Authority, Swiss Financial Market Supervisory Authority or Cyprus Securities and Exchange Commission.

Last, but not least, the awards mentioned on the website are fake as there are no such nominations and this broker was never nominated for any Forex award.

Deposits and Withdrawals

The required minimum deposit is exceedingly high at $500. Deposit or withdraw can be made via the standard Visa and MasterCard, Wire Transfer or e-wallet Skrill. 

As to the withdrawals, the broker does not mention any withdrawal fees, but since it is unregulated we can’t be sure the information provided on the website is true. They also state each account gets a bonus promotion and a trader has to achieve a certain trading volume  in order to be eligible for withdrawal. This really looks like another scam. Licensed brokers do not usually offer such promotions or if they do, they are very transparent about it on their website/ trading conditions. 

Apps

AnyTrades mobile app is available to its traders. Mobile trading allows traders to manage their accounts from portable devices like smartphones, pocket and tablet PCs. In MetaTrader 4, mobile trading offers a great variety of analytical options and graphical display of quotes in addition to complete trade account management. Using mobile terminals in daily activities offers a convenient way to keep up with accounts when traders don’t have access to a desktop computer. AnyTrades mobile app is compatible with all Android and iOS devices. 

Demo Account

AnyTrades demo accounts. It allows you to experience some risk-free trading to get you prepared for the real thing. No matter your trading level, Spectre.ai demo accounts are the perfect place to practice your skills and become a better trader without spending any of your own money.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.

Yet, it is always great to hear your personal opinion about AnyTrades. So you may share your experience or thoughts or discuss them below or ask us for additional information.