Ambprime.com Review Is AMB Prime A Legit Forex Broker

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AMB Prime Review – is it scam or safe?

AMB Prime is a Cyprus forex and CFD broker, licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC). They offer over 60 currency pairs, as well as CFDs on stocks, indices and precious metals with two account types leverage of up to 1:30 and the MetaTrader4 platform. Here you can find some details about their offer.

Account type Min. deposit Max. leverage Spread s
Standard Account n/a 1:30 n/a
Professional Account $50 000 1:30 n/a

AMB Prime Advantages:

AMB Prime is owned and operated by AMB Prime Ltd (formerly Valutrades CYLtd), which as we already noted is based in Cyprus, and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). Here you may take a look at their license:

Along the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), CySEC is one of the three most popular regulatory destinations in the industry.

Like all other regulators in EU CySEC requires all brokers to adhere to strict fiscal and ethical rules, among which to maintain at all times a minimum operational capital of no less than 730 000 EUR, to provide their clients with a negative balance protection, (meaning nobody can lose more money than he or she has invested,) to keep their funds in a segregated, trust account, separate from the broker’s own account, to file regular reports, to allow external audits, and to insure the trading capital with specially created investor compensation schemes.

Thus if by any chance your CySEC broker happens to be insolvent, your funds will be covered by an insurance of up to 20 000 EUR, provided by the Cyprus Investor Compensation Fund.

And what is more because CySEC is a member of the Committee of the European Securities Regulators (CESR) AMB Prime holds a cross border license, authorizing the company to provide Investment and Ancillary Services to all European Union member states and to 75 third countries.

Besides, here you may also check our list of brokers regulated in Cyprus:

No demo account directly available

Unfortunately we were not able to open a demo account directly, and as AMB Prime does not give any specific information about their spreads, we can not comment on their trading conditions. Just bear in mind that spreads in general are considered attractive only if they start bellow 1,5 pips with a standard account, and no trading commission is taken. And here you can always take look at our list of brokers offering tighter spreads:

AMB Prime is a legit CySEC regulated broker, where your funds will definitely be safe. An they offer a reliable trading platform – the MetaTrader4 and a comprehensive selection of currency pairs and other CFDs – well over 60. Unfortunately they are not very elaborate in their presentation, and as we were not able to open a demo account we simply can not assess their spreads. Another negative point is that we are not sure what their minimum deposit requirement is.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

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FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Trading commissions as low as $5 per million.

API Offering

MT4 White Label

Premium Accounts

WHY AMB PRIME ?

Liquidity to any platform via a customized API (FIX, Java, C++)
MMT4 bridge available free of charge
Ultra-fast order execution
Customised pricing set-ups
Advanced technology solutions
Strong Capital Adequacy Ratio
Segregated Client Funds held with BARCLAYS UK
Full Post-Trade Transparency (MiFID compliant)
Dedicated Technical guidance & support

Clients

  • Retail brokers
  • Hedge funds/money managers
  • Prop Firms
  • Small to medium Size Banks
  • Corporates
  • HNW

Test Our Services

  • No setup fees other than MQ expenses
  • No connectivity expenses
  • No minimum volumes or charges
  • No hidden cost

Trading Conditions

  • Spreads for Major currencies starting from 0 pips
  • Margin requirements – up to 1% for currency pairs and 2 % for metals

Contact Our Experts

Monday to Friday 8AM to 8PM
Saturday 9AM to 11AM
Sunday & Holidays Closed

REGULATION:

AMB Prime Ltd (ex. Valutrades CYLtd) is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13 and holds a cross border license, authorizing the company to provide Investment and Ancillary Services to all European Union member states and to 75 third countries.

The Cyprus Securities and Exchange Commission (CySEC) is the supervisory and regulatory authority for Investment Services firms in Cyprus and is a member of the Committee of the European Securities Regulators (CESR). To obtain further information on the regulatory, supervisory and disciplinary functions of the Cyprus Securities and Exchange Commission (CySEC ) you can visit their website: http://www.cysec.gov.cy

AMB Prime Ltd is governed by all applicable EU and local regulations, including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).

Premium Liquidity Solutions

38 Spyrou Kyprianou street, CCS Builting office no.101, Limassol 4154 Cyprus

Noorcapital.ae Review: Is Noor Capital Scam Or Legit?

Noor Capital Review: this is the name of a Forex broker that is located in the United Arab Emirates. Is noorcapital.ae legit or scam Forex broker?

Noor Capital is owned by Noor Capital PSC which is a private joint stock company licensed and regulated by the Central Bank of the United Arab Emirates. Although this license is not as high as those from popular European commissions become of stricter rules, it is still valid.

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The company has a partnership program that can help accelerate profitability. It claims to be able to create a financial investment strategy that reflects your personality and fits into your plans. They offer asset management, investments, financial advisory, funds administration, global markets, and brokerage services.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Key benefits of choosing the broker are:

Best-in-Breed Third-Party Providers
Adding value to the investment manager
Business markets and technical analysis
Targeted funding privately or on listed markets
Liquidity for trading Forex, commodities and indices
Exclusive approach to investments across various asset classes

It offers an alphabet allocation scheme from A to I for its clients. This approach uses: Risk/Reward appetite, Maturity and Liquidity Requirements, and Geographical Investment Exposure Preferences.

Noor Capital Trading Platform

It is mentioned that Noor Capital trading software is operated on a MetaTrader 4 platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: currencies, silver, physical gold, gold funds, and so on. We find that it does not offer crypto option to clients. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages can reach up to 1: 400 and while it may seem generous, it can pose danger as well. High leverages can lead to huge loss of funds as well. Spreads are also not stated.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Noor Capital

The means of making payments and withdrawals are not stated also. We find that of e-Wallets are likely to be missing, which is discouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is not mentioned but we found that individuals or institution qualifying as investors involve being able to invest $275,000 for a minimum of 1 year.

Withdrawal charges are not stated for this broker. Sometimes it is better to mention if they apply or not. We do not even find any terms and conditions; this is a shady thing. Traders are expected to sign up for something with unclear conditions.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

We do not find trading bonus offers and this is a good sign. Many scam brokers use trading bonus to prevent traders from withdrawing when they want giving them unrealistic restrictions.

Is Noor Capital Licensed?

Yes. Noor Capital is a duly licensed Forex broker that is and regulated by the Central Bank of the United Arab Emirates. Although this license is not as high as those from European commissions becomes of stricter rules, it is still valid.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To reach the customer service of the broker, traders who are interested can find out more by dialing: +971 2 626 6888 (Abu Dhabi) or +971 4 279 5400 (Dubai). Their email address is [email protected] or [email protected]

Conclusion

Noor Capital holds a license from a trade regulatory body and this is its biggest advantage as well as the availability of the MT4 platform. We find that some details are missing which is not encouraging as spreads and minimum deposits are key details.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Ambprime.com Review: Is AMB Prime A Legit Forex Broker?

Scam Broker Investigator is the largest and most trusted broker reviews website, established in 2020. On our website, you will find over 600 honest reviews of Stock Brokers, Forex Brokers and CFD Brokers. This way you will know, if the brokers are licensed and regulated by a governments financial regulator.

Many online investment brokers are not licensed, and are actually outright scams. Only invest with a broker, whose license you have verified!

Who is The Best Broker?

The best broker to use, is one that is licensed and regulated by either; ASIC Australia, FCA United Kingdom or FSCA South Africa.

Brokers can also be licensed by; CFTC or FINRA in the United States, IIROC Canada, AFM Netherlands, CONSOB Italy, BaFin Germany, Finanstilsynet Denmark, CNMV Spain, CNB in the European Union, CySEC Cyprus, and the list goes on and on. View the complete list of all Government Financial Regulators.

If your broker is not licensed by your local financial regulatory agency, then they are a scam!

Read our list of best brokers, and choose a legitimate licensed broker.

Forex Investment Scams

The fact is; most new investors will end up losing their money trading CFD’s. Investing or trading in Forex, Crypto, Commodities, Metals and Options is a very risky proposition. You need to really know what you are doing, in order to actually make money.

Newbie investors usually hear about an online broker, via a fake news article promoting a breakthrough automated trading software.

The trading systems go by the names of; Bitcoin Loophole, 1K Daily Profit, Tesler App and many more. We have seen fake articles using the names; Dragons Den, Shark Tank, Bill Gates, Marc Cuban and Elon Musk to name a few.

All of those fake investment software, connect you with an unlicensed, offshore, fake Forex broker. Once you send money to these scam artists, it is a long battle to try and recover your money, read more.

How Scam Brokers Operate

There are a few types of scams that Forex brokers do.

The most popular scam that online brokers use, is centered around managed accounts. Offshore / Non Regulated Forex brokers will pitch investors to join a managed account handled by one of their senior analysts, and promise high monthly returns.

No Legitimate Broker Will Manage Your Trading Account & Promise Fixed Returns!

A common scam is with brokers that don’t allow you to withdraw your money. There a few reasons why a broker can hold up an investors cash, with the main reason coming from the trader having accepted bonus money, or not reading the terms and conditions.

Another popular scam is unauthorized credit card charges. A scam broker will swipe the investors credit card, to add more money to their trading account, because the broker gets paid based on new deposits.

The best precaution a trader can take is to use a credit card, not a debit card, that has the ability to dispute charges in the event of fraud. Investors that authorize direct debit withdrawals from their bank account are playing a very risky game.

You can read more about this on the complaints page.

We Investigate For You!

If you have a question about a Forex, Bitcoin, Stock or CFD Options broker, we encourage you to first read the broker reviews. Also search in the Investors Forum to see if your question was already asked.

You can easily trade with a trusted licensed broker, so there is no reason to use a scam broker.

Ambrosus Review: Decentralised IoT Supply Chain Tracking

Ambrosus (AMB) is a project that is looking to develop blockchain tracking software for the food an pharmaceutical industry.

There are several popular blockchain projects tackling the issues surrounding supply chain management and for good reason. Supply chain management is one area nearly everyone agrees can benefit from decentralisation, and projects that can properly combine blockchain into the supply chain have seen great investor interest.

However, with much more well known coins such as VeChain and Waltonchain, can Ambrosus really compete?

In this Ambrosus review I will take an in-depth look into the project by analyzing their technology, development, team and roadmap. I will also take a look at the long term adoption and growth potential of the AMB token.

What is Ambrosus (AMB)?

Ambrosus has targeted the food and pharmaceutical supply chains. They plan on combining high-tech sensors, smart contracts, and blockchain protocols to create a secure supply chain where suppliers and consumers alike can track products to ensure authenticity, origin, proper handling and compliance in all areas.

Benefits of Ambrosus. Image via Ambrosus

Ambrosus identified the food and pharma industries as most suitable for blockchain supply chain management, and after focusing on these niches they have been building a name for themselves in the space. There’s a good reason for choosing these industries as estimates claim the pharmaceutical industry loses $46 billion a year in profits due to supply chain issues.

Ambrosus Platform

The Ambrosus protocol is based on the Ethereum blockchain. The platform also includes other distributed technologies that allow Ambrosus to transmit information from IoT devices to be recorded on a blockchain.

There are three primary components of the Ambrosus protocol. These are the Measurements Repository, the Requirements Smart Contract, and the Amber Token.

  • The Measurements Repository: This is the database management component that records and stores product-specific information, which allows for accurate tracking within the supply chain.
  • The Requirements Smart Contract: This is where the quality control standards are defined for products that are recorded in the Measurements Repository. These smart contracts are created by platform users and are publically available. These contracts determine if the products being monitored are meeting the customer’s quality assurance requirements.
  • The Amber Token: The Amber token (AMB) is the utility token for the Ambrosus platform. It’s an ERC-20 token and has several uses in the Ambrosus ecosystem. One is to ensure product information remains up-to-date as products move through the supply chain. Because AMB tokens are used as part of product tracking there is an incentive for consumers to use AMB tokens.

As you might guess in a supply chain management platform, Internet of Things (IoT) devices are integral to the Ambrosus platform. Most of these IoT devices are sensors, tracers, and tags that allow products to be physically monitored as they move through the supply chain. These IoT devices are also crucial for transmitting information about the products to manufacturers and consumers.

One interesting feature Ambrosus has added is a Javascript interface that allows developers to create API solutions even without any blockchain programming knowledge. This was done to reduce the friction for new organizations considering the solution and is similar to the solution provided by Lisk.

Ambrosus Use Cases

Ambrosus is in use already and is proving effective. One such use is in Madagascar Bourbon Vanilla, where the Ambrosus system is being used by vanilla exporters across the region to track and share information (such as proof of origin) with various clients throughout the supply chain.

Ambrosus announcement of NDS partnership. Image via Ambrosus

Ambrosus has also partnered with the Korean company Nongshim Data Systems (NDS) to track and ensure the quality of the beef being sold at MegaMart supermarkets. The solution tracks information from farm to supermarket, including veterinary checks, temperature control, and supply chain data.

In addition to the use cases already being pursued, there are a number of potential use cases identified in the Ambrosus white paper:

  • Raw material traceability;
  • Authenticity protection for luxury products;
  • Real-time compliance auditing;
  • Monitoring delivery conditions for pharmaceuticals and frozen goods;
  • Monitoring manufacturing processes for auditing purposes.

The Ambrosus Team

Much of the Ambrosus team is located in Switzerland because of the crypto-friendly atmosphere there. The team has been expanding rapidly, even in the current bear market atmosphere of the cryptosphere and as of early 2020, the team has grown to 37 members, with openings for another dozen positions.

Some of the Ambrosus Team Members

The leaders of this driven and dedicated team are:

  • Angel Versetti – This is the CEO of Ambrosus and before this project, he has had a broad experience in start-ups and cryptocurrency investments. Previously he advised the United Nations and World Resources Forum regarding investments in innovative technologies. He is considered to be an expert in innovative technologies and speaks frequently at economic forums and blockchain conferences.
  • Dr. Stefan Meyer – This is the CTO of Ambrosus and he comes to the project with 20 years of experience in sensors, data encryption, and food analysis. He has conducted research for companies such as Nestle and MHM Microtechnique and was a founding director of the integrative Food and Nutrition Center at the Swiss Federal Institute of Technology.
  • Dr. Vlad Trifa – This is the Chief Product Officer at Ambrosus and he is a pioneer in the Internet of Things. He is the founder of Web of Things and was previously the Head of Digital Lab for Swisscom. He has been selected as a top five global expert in the IoT sector.
  • Prof Jean-Paul Sandoz – Prof Sandoz is the lead engineer at Ambrosus and comes with more than 40 years of experience in sensor and microelectronics technologies.

Social & Marketing Strategy

Ambrosus CEO Angel Versetti claimed during a Reddit AMA the company would be focusing more on their marketing efforts in 2020.

While their social presence still isn’t huge it is growing, with 18,000 Twitter followers and nearly 5,000 followers of the Ambrosus sub-Reddit. It’s also encouraging to see a good deal of activity from that sub-Reddit, with daily posts and multiple comments and responses.

They also continue their blog with updates coming out roughly once a week to keep users updated regarding the developments being made by the project.

The AMB Token

The AMB (Amber) token is an ERC-20 compatible token used to perform a utility service for the Ambrosus platform. It binds with the products being tracked on the blockchain and is used to collect and transmit data for the Ambrosus network. It also acts to transfer value within the Ambrosus network.

As currently envisioned, the AMB token has three vital functions:

  1. AMB can be used as payment for transactions on the AMB-NET. Each time an asset or event is created a small amount of AMB is required as a creation fee.
  2. AMB tokens can be locked to create a digital record of a physical good. This also works to reduce the incentive for bad actors to engage in fraud or to try to fool any of the other parties using the supply chain.
  3. AMB is the collateral needed to run a Masternode in AMB-NET. This requires a user to lock a certain amount of AMB to be considered a Masternode and in return, they collect a portion of the fees paid to validate transactions or create new assets.

Ambrosus conducted an ICO from September 22, 2020, to October 22, 2020, raising roughly $32 million. Tokens were sold at $0.30 each and 40% of the roughly 361 million tokens were made available. Unfortunately, the market soon went into bear mode, so after hitting an all-time high of $1.85 on January 6, 2020, the coin has seen its value steadily decline.

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More recently (February 2020) it looks as if the AMB token may have found a bottom at the $0.05 level, but it will take time to prove that to be true. As of mid-March 2020, the token is worth $0.062991.

Because it is an ERC-20 token it can be held in any wallet that is compatible with ERC-20 tokens which includes the likes of MetaMask or MyEtherWallet.

AMB tokens are only listed on a handful of exchanges, with the largest trading volume taking place on Binance. There is also a very small amount of trading volume on TOKOK, RightBTC, and KuCoin. While there is healthy volume on Binance, the reliance on a single exchange for over 94% of the volume could present liquidity issues in a crunch.

Development

One of the best ways to see how much work is being done on a particular project is to take a look into their GitHub repositories. This gives an indication how much code is being pushed by the developers publicly.

As such, I decided to take a look into the Ambrosus GitHub to get a sense of how the team was coming on with the code commits. Below are the commits for the two most active repositories on the project.

Commits for two most popular Repos over 12 months

As you can see, there have been an extensive collection of code commits by the project over the past 12 months. These are more commits than we have seen for many other projects that have recently completed an ICO.

Of course, this could just be a time when the Ambrosus developers are working towards important timelines in their Roadmap. The team has not been able to release an updated roadmap but based on this one from their launch, they should be working towards the following:

  • Spring 2020: They want to launch the smart sensor system that will have the edge computing capabilities. These are essentially the sensors that retain AI capability without being connected to the network. During this time they would also like to integrate sidechains and offchain transactions as well as launch their first generation Nanosensers and bio sensors. You can read more about their progress on these developments here.
  • Summer 2020: The team hopes to be able to release the v 2.0 of the Ambrosus protocol that will include the updated functionality of AI and the IoT devices mentioned above.
  • Autumn 2020: After the protocol launch, they would like to release their second generation sensors which will be fully integrated into the smart contracts.
  • Winter 2020: If all goes according to plan, they would like to release their exchange platform which will have full trading functionality. This could pave the way for the release of a fully fledged decentralized crypto exchange.
  • Spring 2020: This could be a pivotal step for the project as they plan to release their first large scale and fully automous supply chain. This will incorporate the IoT systems as well as AI and be governed by a DAO system.
  • Summer-Autumn 2020: If they have managed to meet all of the steps up to this point then the team would like to scale the platform with integration in numerous industries mentioned above.

Of course, this was a pretty loose time-frame that was based on their initial roadmap. There may be amendments to it as they get closer to the particular dates. If you would like to keep up to date with developments out of the project then you should follow their official blog.

Conclusion

As one of the first projects venturing into supply change management Ambrosus has a distinct advantage over potential competitors. With several small deals already underway they can prove their technology works, but need to get the word out and scale up to larger and more critical projects.

So far they have had small success in the food sector, but need to break into the pharmaceutical industry to realize the best use cases for their project.

It’s still very early in the evolution of blockchain technology, so nothing can be ruled out yet. With AMB tokens trading at such low prices now might be an opportune time to pick some up, or even get enough to run a masternode. These could be very valuable if the Ambrosus technology catches on.

Featured Image via Fotolia

  • Posted in: Review, Smart Contracts
  • Tagged in: AI, AMB, Ambrosus, IoT, Supply Chain, Vechain, Waltonchain

Posted by Steve Walters

Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies.

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