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AAFx Broker Reviews and Full Information
Are you sure AAFX Trading is a scam or is it a legitimate broker?
AAFX Trading is not a safe Forex broker because it doesn't hold the license of any necessary Forex authority. Therefore, the broker is suspected of being a fraudulent business because it was not verified for its legal compliance before the company was established. It was never scrutinized regarding its security and can conduct business however it wants.
About AAFX Trading
| Registered in | St. Vincent and the Grenadines |
| Type of License | Offshore License |
| Are AAFX Trading safe to trade | No |
| Recommended Licenses | FCA in UK & ASIC in Australia |
| Alternative Broker | F Markets is approved to ASIC in Australia |
AAFX Trading is an investment firm that specializes in commodities, stocks, CFDs, currency trading and commodities through its registered and incorporated offices located in St. Vincent and the Grenadines (SVG). But, SVG has earned the reputation of being a renowned zone for its highly open and accessible area with minimal supervision of financial firms compared to other authorities. This requires more stringent compliance, ensuring the highest level of client security.
In addition, the broker boasts it was registered and incorporated as a company in Malaysia as part of the company business solutions SDN BHD and operation of the office in Hong Kong. But, there isn't another law that the company complies with, and the firm opts for the most efficient and cost-effective method of delivering their financial solutions to foreign clients. As it is unregulated by the government of Hong Kong, the company appears on the SFC warning list, which blocks customers from investing in that AAFX trading business .
Additionally, there are many negative reviews on the company's services and guilty verdicts on scams. AAFX Trading customers faced typical fraud issues. AAFX Trading clients faced specific fraud problems when they withdrew their profits. The company offered a myriad of excuses that the request could not be fulfilled. In addition, some issues involved manipulation of trades, faking the details of the request and more. These issues generally are not the positive impression of the business and create a suspicion regarding them that could result in significant capital losses.
Conclusion
This is why we always advise investing with the brokers that are regulated only if they are situated in reputable jurisdictions. They offer supervised investment services. They are managed and are regularly informed about every action they take or interact with the client and protect investors through numerous methods.
Summary
| Properties | Values |
|---|---|
|
Name
|
AAFx |
|
Minimum Diposit
|
$ $50 |
|
Leverage
|
2000:1 |
|
Regulation
|
,,, |
|
Headquarters
|
Saint Vincent And Grenadines |
|
Established
|
2013 |
|
Address
|
Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, Saint Vincent And Grenadines |
|
Platform
|
MT4,,,, |
|
Payment Method
|
Visa,Mastercard,Wire,Skrill,Neteller,Webmoney,Bitcoin,Fasa Pay,,,, |
Overview
| Properties | Values |
|---|---|
|
Spreads
|
0.5-3 Pips |
|
Min Position size
|
0.01 |
|
Broker Type
|
MM ( Market Maker),ECN (electronic communications networks),,,, |
|
Account Type
|
Mini account,Scalping,Standard,,,, |
|
Brokers by Country
|
Asian Forex Brokers,,,, |
|
Techniques
|
Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,, |
|
Instruments
|
Forex Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,,,, |
|
Account currency
|
USD,,USD,,USD,,USD,,USD,,USD, |
|
Tools
|
Economic Calendar,Charting Software,Pip Calculator,Margin Calculator,Profit Calculator,,,, |
|
Website Languages
|
en,,,, |
|
Support languages
|
en,,,, |
|
Bonus
|
Yes |
|
Reviews Rating
|
4 |
|
Withdrawal Fee
|
No |
|
Trading Signals
|
Yes |
|
Free Education
|
Yes |
|
Daily News
|
Yes |
|
Demo account
|
Yes |
|
Swapsr
|
Yes |
|
Pors
|
1. Tight spreads (from 0.8 pips on ECN accounts and 0.7 pips on VIP accounts). 2. 150+ trading instruments. 3. 3 types of partnership programs. 4. Support of STP and ECN technologies. 5. 0% withdrawal fee. |
|
Cors
|
1. Offshore license. 2. No investment programs. 3. Customer support operates 24/6. |
|
Display Analysis
|
Yes |
|
Serving country
|
CN,HK,MY,VC,,,, |
|
Not Serving country
|
,,, |
|
Contests
|
Yes |
|
Market analysis
|
Yes |
|
Copy Trading Brokers
|
Yes |
|
Bitcoin Forex Brokers
|
Yes |
|
Social trading
|
Yes |
|
Web trading
|
Yes |
|
Forex pairs
|
Yes |
|
CFDs
|
Yes |
|
Crypto
|
Yes |
|
Hedging
|
Yes |
|
PAMM
|
Zulu trade,Myfxbook Auto trade,Mql5 signals,,,, |
|
Mobile Trading
|
Yes |
|
Scalping
|
Yes |
|
Automated Trading
|
Yes |
|
Partnership Programs
|
Yes |
|
Free Phone
|
+19142335216 |
|
Customer Support
|
24/7 |
Exness Broker reviews & comments (54)
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