amazon has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: amazon-forex.com.
I closed a profitable position at amazon and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Personal attention|Regular updates|No hidden fees
Cons: Some tools only available on higher tiers
I had high hopes for amazon after attending a webinar they hosted, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Fast support response|Multi-currency support|Copy trading available
Cons: Alert system is basic|Minimum deposit could be lower
I have been trying to close my account with amazon for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Helpful community forum|Clear documentation|Portfolio tracking tools|Excellent charting
Cons: No crypto staking|Email notifications too frequent
I want to warn everyone about amazon. They have been flagged by Cyprus Securities and Exchange Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Blocked my account|No legitimate license|Fake returns
What really bothers me about amazon is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a family member had a good experience and I fell for the polished exterior. Never again.
Pros: Easy to use platform|Personal attention
Cons: Onboarding videos are outdated
Do not believe the bonus offer from amazon. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Helpful community forum|API access|Fast deposits|Regular platform improvements
Cons: Cannot customize dashboard fully
After using amazon for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Great customer service|Fast deposits|Fast support response|Smooth onboarding
Cons: Minimum deposit could be lower
I had a dispute with amazon and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Demo account available|Good mobile app
Cons: Nothing significant
If you are reading this considering amazon - run. I wish I had read more negative reviews while looking for alternatives to my previous provider. I thought the positive ones were real. Maybe some are. My experience over since last summer has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Regular updates|Dedicated account manager|Great customer service|No hidden fees
Cons: Spreads widen during volatile periods
After for a couple of months now with amazon, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: High security standards|Dividend tracking|Good mobile app|Tax reports included
Cons: Nothing significant