Caution! Antares is an offshore company! Your funds may be at risk.
Antares Key Facts
🔴 Antares offers questionable investment opportunities – a clear sign of a scam!
🔴 Antares provides fake contact information – beware!
🔴 Antares lacks the appropriate license for the provision of its services – a huge red flag!
🔴 Antares’ domain owners are completely anonymous – another off-putting detail!
Antares products and services
Antares is yet another investment scam – it works by presaging itself as a legitimate company that offers incredibly charitable returns on investments – in the case of Antares, that is upwards of 300% profitability each year – something that is clearly impossible.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Antares company and regulation
Antares claims to be a licensed Hong Kong company. Yet, the regulatory body in the country – the SFC has no entry for Antares, meaning the license it claims to hold is not really existent.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Antares address and contacts
Antares presents us with an address line in Hong Kong – 18 Salisbury RD Tsim Sha Tsui 75VF MX Hong Kong. This is not a line that represents the company accurately – we discovered it is not licensed to operate from HL above, so there is no way for it be stationed where it claims to be.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Antares website info
Antares operates on a website that was registered in the end of 2018. Yet it has failed to secure a SFC license in that wide amount of time.
The website is hosted on the 18.104.22.168 domain from the states. And despite the fact that this domain only hosts about 6 other websites, none of them were connected to Antares at time of writing.
The website is rather popular for a scam, with SimilarWeb placing it 33,786 worldwide. We shudder to think how many have already been scammed by Antares.
And despite their popularity, the owners of the website have shielded themselves from WhoIs lookups – doing so they have gone against the important principles of transparency, outlined above.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.