Is Arrowteks Legit or a Scam? Review of CFD Broker
It appears Arrowteks located at arrowteks.com is an unlicensed offshore CFD Broker. I started with them and paid the $250 US deposit. The guy called regularly to try to get me to invest min $10K. He was good and did razzle dazzle me and I almost got sucked in. The day before I was going to make the transfer I did a bit more research and came across some articles. The article mainly advised to try to take your deposit out, close the account and see. You can always open an account and join again. I tried to close the account and they took the $250US. No response from their complaints department (can include screenshots if this website allowed it) and no option to get my money out from the account.
About Arrowteks.com
Also, once you sign up you can say goodbye to being able to use your phone. I am receiving 10 - 15 marketing calls a day and my Inbox is full of spam since I joined Arrowteks.
This what I receied from them:
Dear client,
If there has been no trading activity for 30 days, then we have the right (as agreed in the https://arrowteks.com/terms-and-conditions/) to treat an account as "Dormant" or "Inactive." When an account becomes Dormant, it will be charged an administrative fee of:
1 month of account in-activity – a fee of 99 USD/EUR/GBP shall be deducted from the account balance
2 months of account in-activity – a fee of 99 USD/EUR/GBP shall be deducted from the account balance
Please note, once you've placed a withdrawal request and with your withdrawal pending, you neither trade nor deposit within 30 days of your first deposit, we are allowed to cancel your withdrawal request so, we can deduct the fees from your account. After taking the fees from your account, you can place another request to withdraw your remaining funds.
Kind regards,
Support Department
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