Akibakts Broker Review: A Suspicious Entity in the Financial Market

Akibakts presents itself as a global brokerage firm offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms. However, a deeper investigation into its operations raises significant concerns about its legitimacy and reliability. This review will analyze Akibakts’ licensing, trading conditions, customer experience, and overall trustworthiness.

Company Overview: Lack of Transparency and Dubious Claims

Akibakts claims to have been operating in the brokerage industry for the past 7–8 years. According to its website, the company has partnerships with major global banks such as Bank of America and HSBC Bank, along with an alleged insurance fund of $2 billion that supposedly guarantees client investments.

However, none of these claims can be independently verified. There is no evidence of Akibakts being affiliated with these banks, nor is there any publicly available data to confirm the existence of such an insurance fund.

The broker operates under the domains:

• akiba-kts.net
• akibakts.com

Akibakts lists its headquarters as Edessis 24, Larnaca 6046, Cyprus, but this address does not appear in the Cyprus business registry. Furthermore, the company provides a phone number (+35724514950) and email ([email protected]), yet numerous reports suggest that customer support is either unresponsive or evasive when dealing with withdrawal requests.

Regulation and Licensing: Fake Credentials and Lack of Oversight

Akibakts states that it holds licenses from four well-known financial regulators, including Cyprus, the UK, Dubai, and Australia. However, our independent verification found no record of this broker being authorized by any of these financial authorities.

A WHOIS lookup of Akibakts’ website shows that its domain was registered on December 3, 2024, with an expiration date set for one year later. This short-term registration strategy is a red flag commonly associated with scam brokers, as fraudulent platforms often disappear and rebrand under new names.

Trading Conditions: Unrealistic Promises and Hidden Fees

Akibakts advertises itself as a top-tier broker with favorable trading conditions. The company claims to offer:

✔ Access to 141,000 traders with a total balance of $800 million
✔ A demo account for risk-free practice
✔ A wide selection of trading instruments, including stocks, indices, cryptocurrencies, commodities, and forex

However, these numbers are likely exaggerated, as there is no independent data to support them.

Account Types and Minimum Deposit

Akibakts offers a tiered account structure:

• Standard Account ($150 minimum deposit) – Limited trading features, unclear conditions.
• Premium Account ($1,000 minimum deposit) – Leverage up to 1:500, which is dangerously high and often restricted by reputable regulators due to the risks involved.
• VIP Account ($10,000 minimum deposit) – An account with personal support, exclusive privileges and low commissions.

One of the biggest concerns is the lack of transparency regarding commissions and spreads. The broker fails to provide clear details on trading fees, swap rates, or order execution policies.

Trading Platform: Fake or Manipulated Software?

Akibakts does not provide access to MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are the most widely trusted trading platforms. Instead, it claims to offer a proprietary trading terminal, but does not disclose any technical details or independent reviews.

Several reports from former clients indicate that the platform is rigged, meaning trades are manipulated to ensure that clients lose money. This is a common tactic used by scam brokers, where price movements do not reflect real market conditions.

Deposits and Withdrawals: The Ultimate Trap

Akibakts allows deposits via P2P transfers, cryptocurrencies (BTC, USDT), and fiat currencies (USD, EUR, RUB). However, there are multiple concerns regarding its withdrawal process:

❌ No transparency regarding withdrawal fees or processing times
❌ Clients report excessive delays and rejection of withdrawal requests
❌ Unverified claims of e-wallet and bank card support

Many users report that their accounts were blocked after requesting a withdrawal, with no response from customer support. This aligns with the behavior of fraudulent brokers who lure traders in with smooth deposit processes but make withdrawals nearly impossible.

Red Flags and Signs of Fraud

Based on the findings, Akibakts displays multiple warning signs that indicate it is an unreliable and potentially fraudulent broker:

🚨 Fake claims about partnerships with major banks
🚨 No verifiable regulatory licenses
🚨 Unclear trading conditions and high-risk leverage (1:500)
🚨 Use of a suspicious trading platform with price manipulation
🚨 Widespread withdrawal issues and account suspensions
🚨 Short domain registration period and frequent rebranding

Final Verdict: Is Akibakts a Scam?

Yes, Akibakts exhibits all the characteristics of a scam broker. The lack of regulation, false advertising, withdrawal difficulties, and the use of a non-transparent trading platform make it a high-risk choice for traders.

⚠ Recommendation: AVOID Akibakts at all costs.

If you are looking for a legitimate broker, always check for:
✔ Proper regulatory licenses (e.g., FCA, ASIC, CySEC, SEC)
✔ A transparent and well-documented trading platform
✔ Positive independent reviews from real traders

Investing with an unregulated broker like Akibakts could result in severe financial losses with no legal recourse. Always do your due diligence before choosing a brokerage firm.