Ak Bars Finance
Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
Review of the illegal Russian broker Ak Bars Finance - reviews of the failed experiment of a famous bank
AK Bars Finance, now known as AKBF, is a dynamically developing company in the field of brokerage services, which has been helping clients successfully make money trading financial instruments for more than 18 years. The office allegedly offers a wide range of services, including individual investment accounts (IIA), brokerage accounts, and a trust management interface. However, the license has long expired, and customers are complaining about problems with payments.
|Year of foundation
|Regulation and jurisdiction
A subsidiary of a Russian bank with an expired license and terrible trading conditions.
Country: Russian Federation
Address: Odesskaya, 2, building C, floor 16
Phone: 8 (800) 200-53-02
- Long history of the company
- Multiple account types
- Large selection of assets
- High commissions
- Doesn't withdraw money
- License has expired
|Types of accounts
“Simple solution”, “ALGA”, “Safe”, “Standard”, “Start portfolio”, “Easy start”
Bank transfer, cash at the counter
MICEX (securities, currency, gold, silver), St. Petersburg assets, shares of foreign exchanges
MICEX, St. Petersburg AMEX, LSE NASDAQ, NYSE, XETRA, CME, ICE, LME
Russian broker offering 2000 level of service in 2023
All about the broker AK Bars Finance
The organizational structure is closely linked to the bank of the same name, which allows the company to use extensive resources and experience in the financial sector to provide high-quality and efficient brokerage services. This connection also enhances opportunities for clients by providing them with access to a variety of investment products and services.
The daughter of a well-known bank cannot boast of an impeccable reputation. The office’s clients are constantly faced with:
- problems when withdrawing money;
- hidden commissions;
- incompetence of support;
- blocking trading accounts without explanation.
The listed difficulties clearly show why you should not cooperate withAK Bars Financial review customer complaints confirm the focus of the company’s founders on misappropriating the investments of ordinary clients.
Terms of trade with broker AK Bars Finance
Scammers offer clients 2 formats of independent trading – a brokerage account and an IIS (individual investment account). In both directions, the sharaga offers enslaving conditions, to which in no case should one agree to the proposalsAK Bars Finance personal account There’s no point in opening it here.
It is a universal tool for investing in various financial assets on the stock exchange. It is suitable for making transactions in securities, foreign currencies and other assets. Key features of this account:
- You can open an account online, without having to visit the office;
- access to management and trading from any device;
- the opportunity to start investing even with 1,000 rubles;
- supports stocks, bonds, funds, foreign currency;
- Various pricing plans are offered depending on trading style and volume.
The listed advantages are literally sucked out of thin air. The office’s spreads cannot be called competitive; they are higher than the market average. Scammers also impose restrictions on margin trading conditions. Cooperation in this format makes no sense.
Individual Investment Account (IIA)
A special brokerage account with tax benefits, available to citizens of the Russian Federation. The main characteristics of the IIS include:
- the possibility of receiving up to 52,000 rubles annually in the form of a tax deduction;
- To obtain the right to a tax deduction, you must invest for a period of 3 years;
- you can invest up to 1,000,000 rubles per year, without limiting the number of deposits;
- available only to tax residents of the Russian Federation and only one IIS can be opened;
- two types – a refund of up to 52,000 rubles annually or an exemption from paying 13% personal income tax on investment income after 3 years;
- Contributions to IIS are possible only in rubles.
Another attempt to scam newcomers from outsideAK Bars Finance investments through a special account is just an excuse to defraud a newbie of more money.
Exposing the broker AK Bars Finance
Since its founding, the fake counterparty has been trying to establish itself as a leading specialist in the field of finance and brokerage activities. However, despite significant work experience, Sharaga was never able to enter the ranking of leading investment funds, remaining a dark horse among similar organizations. There are allegations from clients who consider the project to be a scammer that uses various schemes to deceive its clients.
The company’s official website claims to support traders and investors at different stages of their financial development, but these statements are questionable. Despite joining the bank of the same name in 2005 and receiving the support of a renowned financial institution, many aspects of the operation remain in question. The company’s website appears simple and even primitive, with limited language choices, indicating a lack of interest in international clients.
The company offers various tariff plans for working on the stock, foreign exchange and derivatives markets, but the lack of information about the minimum deposit for each tariff is disappointing. Trading is only possible through the QUIK platform, which is inferior to modern international platforms such as MT4 and MT5. The lack of additional information about leverage or spreads is also a disadvantage.
The customer service does not provide adequate assistance to customers, especially those new to investing and forex. There is no online chat on the site, and communication with support is limited to email, which does not guarantee a quick response. The lack of activity on social networks and instant messengers also raises questions.
Regarding reliability and safety,AK Bars Finance does not offer anything revolutionary in terms of banking payment processing methods, limiting itself to the most common methods. The lack of modern authentication and other security processes compromises customer protection during trading.
The company was founded more than 15 years ago and during this time has established itself as a reliable and stable partner for traders and investors. It provides a wide range of services, including stock exchange trading in securities, bonds and currencies, as well as tax-deductible individual investment accounts.
AKBF has the necessary licenses to carry out brokerage, dealer and depository activities, as well as securities management, which confirms its compliance with strict regulatory requirements and high standards of financial regulation. This provides customers with additional confidence in the reliability and professionalism of the company.
The license of the Central Bank of the Russian Federation has expired, but the brokerage firm continues to operate, which means it is doing it illegally. Cooperation with such a counterparty is undesirable, since it is accompanied by high non-trading risks.
Reviews of the bank account broker AK Bars Finance
Criticism is predominantly found on RuNetAK Bars Financial reviews clients talk about the disadvantages of trading on the platform.
Artem Maystrik points out problems with the withdrawal of funds. He claims that contrary to the company’s promises, the cashout process takes much longer than stated. Artem suspects that the delays are not technical glitches, but rather deliberate actions on the part of the broker. This suggests that the company may be dishonest in its financial transactions.
Reviews from Oleg and Oleg44ru highlight a general distrust ofAK Bars Finance. They express doubts about the company’s reliability, citing a lack of positive comments and delays in payments. Oleg, in particular, notes the discrepancy between the serious image of the company and the real quality of the services provided, which raises his suspicions of fraud.
A comment from user Holidar concerns problems with the QUIK trading platform. He claims that the terminal is unstable, especially when trying to make profitable trades, which indicates technical flaws or deliberate manipulation on the part of the broker. He also notes differences in the quotes presented on the siteAK Bars Finance, compared to other sources, which raises doubts about the broker’s honesty.
Valeria Smyshlenko expresses doubts about the authenticity of positive reviews about the company, noting their monotonous style and similarity, which may indicate the paid nature of these comments. She also points out the ambiguity in the services provided by AK Bars Finance, which increases her doubts about the reliability of the broker.
Feedback analysis shows that customers experience significant dissatisfaction and distrust of the activitiesAK Bars Finance. You definitely won’t be able to make money here.
No withdrawal of money, incompetent support, expired license – all this is about the brokerHow to earn money in AK Bars Finance in such conditions, one can only build illusions about profitable trading. If you realize that the company is run by scammers, but have already made a deposit,write to use so that our specialists can help you get your money back.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about AKBF are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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