Broker Review

Unauthorised Firm Details
Name: Amazon-Forex.com
Website: amazon-Forex.com

 Overview

Amazon-Forex.com (sometimes styled “Amazonforex” or “Amazon Trade”) claims to be a forex/CFD broker or trading platform. On the surface, such a service would offer access to foreign-exchange markets and other financial instruments but a closer look raises major concerns.

Key Warning Signs & Risks

1. Regulatory Red Flag

   • The Bank of Russia (Central Bank of Russia) lists AMAZON-FOREX.COM (also linked to “TradeOptimal”) on its warning list for “illegal professional securities market participant.”

   • This is a serious warning: it suggests that the entity is not properly registered or licensed in a way that regulators deem legitimate.

   • Issues include: the registrar used (NameCheap) being associated with many potentially fraudulent domains, and the site’s traffic rank being very low, which is unusual for a reputable broker.

   • While the SSL certificate is valid, this alone doesn’t guarantee legitimacy scammers also use SSL.

     Allegations of Nonexistent or Fictitious Trading Services

     • According to a broker watchdog site (ForexBrokerz), Amazonforex does not provide any credible information about spreads, available instruments, or account types.

     • They report that Amazonforex’s payment system only includes “an obscure Kenyan payment processor Mekapay,” rather than standard, well-known payment options.

     • More concerningly, ForexBrokerz argues that Amazonforex “does not have the legal authorization nor the technological capacity to facilitate trading in financial instruments,” implying that what is offered may be entirely fictitious.

2. Scam Broker Alerts

   • BrokersView (a broker evaluation site) labels Amazon Trade (i.e., amazon-forex.com) as a SCAM, noting there is no mention of licensing or regulatory oversight on its website.

   • This lack of transparency around regulation is particularly worrisome for any broker.

Conclusion

Amazon-forex.com appears to be highly suspicious and potentially a scam broker. Multiple independent sources including regulatory warnings, broker analysis sites, and trust-score services highlight serious concerns:

• It is flagged by a major financial regulator (the Bank of Russia) as unlicensed.

• Key broker-evaluation platforms suggest it may not even be capable of providing real trading services.

• Its payment system and transparency are very limited, which is not typical for a reputable forex broker.